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  1. Gillette India, Azad Engineering, IRCTC, MCX, Bajaj Auto, Sun Pharma, RIL: Check top buzzing stocks of the day

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Gillette India, Azad Engineering, IRCTC, MCX, Bajaj Auto, Sun Pharma, RIL: Check top buzzing stocks of the day

Upstox

4 min read | Updated on November 04, 2024, 12:29 IST

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SUMMARY

At 12:10 pm, the BSE SENSEX was trading at 78,576.94 points, down 1,147.18 points, or 1.44%. The NSE's NIFT50 index was trading at 23,930.55, down 374 points, or 1.54%.

Shares of Indian Railway Catering and Tourism Corporation (IRCTC) were down over 2% lower at ₹813.55 apiece on the BSE.

Shares of Indian Railway Catering and Tourism Corporation (IRCTC) were down over 2% lower at ₹813.55 apiece on the BSE.

Buzzing Stocks: Jitters ahead of the US presidential elections, major central banks' policy meetings, oil prices, and China's highly anticipated stimulus plans weighed on investor sentiment on Monday, November 4. 

At 12:10 pm, the BSE SENSEX was trading at 78,576.94 points, down 1,147.18 points, or 1.44%. The NSE's NIFT50 index was trading at 23,930.55, down 374 points, or 1.54%. 

Here is a list of stocks that are buzzing in today's trade. 
Azad Engineering: Shares of Azad Engineering jumped as much as 14.31% to ₹1,670.25 apiece on the BSE as the company has signed a long-term contract and price agreement (LTCPA) with Mitsubishi Heavy Industries Limited, Japan (MHI) for the supply of highly engineered and complex rotating and stationary airfoils for advanced gas and thermal power turbine engines to meet their global demand in the power generation industry.

"This current phase of the contract, valued at nearly USD$82.89 million (nearly ₹700 crore), is a robust step towards cementing our everlasting strategic relationship with Mitsubishi Heavy Industries Limited, Japan (MHI)," the company said.

RIL: Shares of Reliance Industries (RIL) were trading 3.61% lower at ₹1,290.75 apiece on the BSE. Last week, the European Commission approved the establishment of a joint venture, Star India, between Reliance Industries Ltd. (RIL), The Walt Disney Company (TWDC), and BTS Investment 1, which is controlled by James Murdoch, son of media mogul Rupert Murdoch, and media executive and entrepreneur Uday Shankar. 
Sun Pharma: Shares of Sun Pharma slipped as much as 4.9% to ₹1,766.15 apiece on the BSE on Monday, November 4, as the company, via its filing to stock exchanges, said that on November 1, 2024, the US District Court of New Jersey decided to grant a preliminary injunction delaying the launch of Leqselvi.

Leqselvi is commonly used to treat severe alopecia areata. Alopecia areata is a type of hair loss that occurs when your immune system mistakenly attacks your hair follicles, which is where hair growth begins.

Gillette India: In a market where all the sectoral indices and major stocks were trading with huge losses, Gillette India shares bucked the trend. The stock hit an all-time high of ₹10,543.40 on the BSE. Last seen, shares were trading 3.73% higher at ₹10,333.45 levels. 
Bajaj Auto: Shares of Bajaj Auto slipped as much as 4.83% to ₹9,401 apiece on the BSE after the two-wheeler major reported muted sales for October. 

Bajaj Auto sold 4,79,707 units in October compared to 4,71,188 units in October 2023, recording a growth of 2%. 

Total sales comprised domestic sales of 3,03,831 units (down 8% YoY) and exports of 1,75,876 units (up 24% YoY).

The company sold 4,14,372 two-wheeler units (up 2% YoY) and 65,335 commercial vehicle units (up 4% YoY) in October 2024.

PVR Inox: PVR Inox shares were trading with 5.85% cuts at ₹1,483.25 apiece on the BSE. The leading multiplex operator on Tuesday reported a consolidated net loss of ₹12.1 crore for the second quarter ended September 2024, impacted by the decline in the movie exhibition business. The company posted a net profit of ₹166.2 crore a year ago. 

Its revenue from operations fell 18.9% to ₹1,622.1 crore during the quarter under review. It was ₹1,999.9 crore in the year-ago period.

PVR INOX's total expenses in the September quarter dropped 6.84% to ₹1,678.6 crore.

Zen Technologies: Shares were up nearly 1% higher at ₹1,896 apiece on the BSE as the company's net profit in the September quarter surged from ₹15.3 crore last year to ₹62.6 crore this year, marking a 309% increase. Revenue rose from ₹66.5 crore to ₹241.8 crore, representing a 263% growth.

EBITDA jumped from ₹19 crore to ₹80 crore, while the profit margin improved to 33.1%, compared to 28.4% last year.

IRCTC: Shares of Indian Railway Catering and Tourism Corporation (IRCTC) were down over 2% lower at ₹813.55 apiece on the BSE. The company is slated to declare its September quarter results today. 
MCX: Shares of Multi Commodity Exchange of India (MCX) were trading 4% lower at ₹6,241.10 on the BSE. As per reports, the stock declined as the commodity exchange reported a sharp fall in its average daily turnover for October. Average daily turnover for October declined to ₹9.36 lakh crore in October, down 21.2% from the ₹12.03 lakh crore figure in September.
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