Happiest Minds, Paytm, Care Ratings, Power Mech Projects among buzzing stocks; check full list

The Indian equity benchmarks were trading lower on Tuesday, May 13 on account of profit booking after staging their biggest single day up move in the previous session on account of profit booking. The 30-share SENSEX fell as much as 1,094 points to hit an intraday low of 81,336.04 and NIFTY50 index touched an intraday low of 24,634.90 dragged down by index heavyweights such as HDFC Bank, Infosys, ICICI Bank, Bharti Airtel, Reliance Industries and Tata Consultancy Services. As of 12:08 pm, the SENSEX was down 722 points at 81,707 and NIFTY50 index dropped 181 points to 24,744.

Revenue for the quarter under review rose 30.5% to ₹544.5 crore, compared with ₹417.2 crore in Q4 FY24.

Sequentially, profit dropped 32%, while revenue rose 2.5%. The firm added 14 new clients in Q4, bringing the tally to 281. For full FY25, the Bengaluru-headquartered firm logged a profit of ₹184.6 crore, a 25.6% dip from 248.3% in FY24. Revenue in FY25 was recorded 26.8% higher at 2,060.8 crore.

The company, in March, announced a slew of apex-level changes in its organisation structure with immediate effect.

Its total income increased to ₹124.82 crore in the January-March period from ₹100.43 crore in the March quarter of FY24.

For the full fiscal 2024-25, its net profit surged 36.5% to ₹140 crore against ₹102.56 crore in 2023-24.

The Board of Directors has also recommended a final dividend of ₹11 per share (of ₹10 face value), which will take the total dividend declared for the year to ₹18 per share.

The stock dropped 4.99 per cent to Rs 823.10 on the BSE.

At the NSE, it tanked 4 per cent to Rs 830.55.

Ant Group is likely to offload up to 4 per cent stake worth about Rs 2,066 crore in One97 Communications, according to sources.

PM Modi on Monday in his address said Operation Sindoor against Pakistan is not over and the time has come for 'Made in India' defence equipment.

"India has showcased its excellence in new-age warfare. The time has come for 'Made in India' defence equipment," he said.

Zen Technologies (4.63%), BEML (4.60%), Bharat Electronics (4.57%), Hindustan Aeronautics (4.34%) and Midhani (4.30%) were also among the gainers in defence space.

The order will be executed in 30 months from the date of taking over of site, the company said in a regulatory filing.

According to the filing, the company has secured a Rs 971.98 crore order from Telangana Power Generation Corporation for construction of an integrated township with infrastructural works consisting of independent quarters, multistoried residential quarters and its associated works at Yadadri Thermal Power Station at Damaracherla, Nalgonda District, Telangana.