Gensol Engineering, Hexaware, RITES, Kalpataru Projects: Check top buzzing stocks of the day

The equity benchmark indices on Friday, March 7, were trading negatively during the afternoon trade amid a volatile session following global cues.

At 12:58 PM, the S&P BSE SENSEX was trading at 74,322.28, falling 17.81 points, or 0.02%, while the NSE's NIFTY50 index was at 22,547.35, down 2.65 points, or 0.01%.

At 11:26 AM, shares of Gensol were trading at ₹317.70 apiece, tumbling 5.11% on the National Stock Exchange. It had gained around 2% during the opening bell. The scrip touched its 52-week low of ₹307.25 during the day’s trade.

The company's revenue in constant currency terms rose 18.8%. In dollar terms, the company earned revenue of $372 million.

During the quarter, Hexaware added one customer in the $100 million-plus category and four customers in the $20 million-plus category. In the calendar year 2024, Hexaware Technologies added 15 clients rather than 11 customers it added in 2023.

The stock faced selling pressure amid ongoing correction in the equity market. The downfall, which lasted until March 3, wiped out ₹64,000 crore from its market capitalisation.

“...RITES received a Letter of Acceptance (LOA) for carrying out the final Location Survey for the high-speed elevated rail corridor between Hyderabad-Bengaluru and Hyderabad-Chennai,” the company had said in a regulatory filing on Thursday evening.

Rail Vikas Nigam has received a Letter of Acceptance (LoA) from South Western Railway for Engineering, Procurement and Construction (EPC) for Design, Supply, Erection, Testing, and Commissioning of 2X25 KV OHE & PSI system (TSSs & SPs & SSPs) including Electrical General Services, Engineering & Telecommunication works between Rayadurga and Topavagada.

The major orders include airborne electronic warfare products, advanced composite communication systems for submarines, Doppler weather radar, train communication systems, radar upgradation, spares, services, etc. With these, BEL's total accumulated orders during the current financial year stood at ₹13,724 crore.

The stock rose as much as 6.64% to ₹978 apiece on the National Stock Exchange (NSE). During the opening session, it was up 5.08% to ₹963.6 per unit. Its market capitalisation stands at ₹16,456.50 crore. At 12:30 PM, shares of the firm were trading 2.3% higher.

The newly listed company acquired a 51% stake in Mehru Electrical for ₹120 crore through a share purchase agreement.

As of 11:55 am, the scrip was trading at ₹362.20 per share price, up 7.13% on the NSE.