Eris Lifesciences, MTNL, Swiggy, ITC Hotels, Torrent Power, Asian Paints, Welspun Enterprises: Check top buzzing stocks of the day

At 12:08 PM, the S&P BSE SENSEX was trading at 78,418.18, down 165.63 points, or 0.21%, while the NSE's NIFTY50 index was trading at 23,743.95, up 4.70 points, or 0.02%.

The stock was listed on stock exchanges BSE and NSE on January 29. ITC Hotels is a demerged entity of diversified conglomerate ITC Ltd.

The stock was temporarily included in the SENSEX and other BSE indices for portfolio rebalancing by passive funds.

According to news reports, Arunish Chawla, Secretary of the Department of Disinvestment and Public Asset Management (DIPAM), has reaffirmed the government’s commitment to helping MTNL and BSNL monetise their assets to unlock value, clear liabilities, and revitalise the sector.

"We are going to help MTNL and BSNL in monetising whatever assets they have so that the value that is locked in can be redeployed, liabilities are cleared, and we can re-energise the sector," Moneycontrol reported, quoting Chawla as saying.

The company reported a net profit or profit after tax (PAT) attributable to equity holders of the parent at ₹62.49 crore, up 76.2% against ₹35.45 crore registered in the corresponding quarter of the previous fiscal year.

Its total revenue came in at ₹355.8 crore, up 22% YoY, while EBITDA, or earnings before interest, taxes, depreciation, and amortisation, increased by 30% to ₹184.8 crore.

However, the stock pared gains later in the trade.

Last seen, the stock was trading flat at ₹147.55 on the NSE.

The stock hit an intraday high of ₹1,450, up 7.19%. At around 11:53 AM, the scrip was trading 0.87% higher at ₹1,364.60 on the NSE.

The company on Tuesday reported a decline of 23.5% in consolidated net profit at ₹1,128.43 crore for the third quarter ended December 2024 amid downtrading due to muted demand and a weak festive season.

The company had logged a net profit of ₹1,475.16 crore during the October-December period a year ago.

Its revenue from operations slipped 6% to ₹8,549.44 crore. In the year-ago period, it stood at ₹9,103.09 crore.

The company's consolidated profit after tax (PAT) stood at ₹1,047 crore in Q3 FY25, reflecting a marginal decline of 0.56% against ₹1,053 crore in the year-ago period.

The sales jumped 25.68% to ₹17,550 crore in the latest December quarter, compared to ₹13,963 crore in the corresponding period last fiscal.

The total expenses rose 27.47% year-on-year (YoY) to ₹16,472 crore, while total income jumped 24.9% to ₹17,868 crore.

"In the event of the declaration of interim dividend as aforesaid, the proposed record date for the purpose of determining the members eligible for receiving the said interim dividend shall be Monday, February 10, 2025," the company said in its filing to exchanges.

The infrastructure developer on Monday reported a 4% fall in its consolidated profit after tax to ₹77 crore in the December quarter.

It had posted a profit after tax (PAT) of ₹80 crore in the year-ago period. However, its total income rose 22% to ₹919 crore against ₹754 crore logged a year ago.