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  5. IDFC First Bank, Orient Electric, Ashapura Minechem, Bandhan Bank, IndiGo: Check top buzzing stocks of the day

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IDFC First Bank, Orient Electric, Ashapura Minechem, Bandhan Bank, IndiGo: Check top buzzing stocks of the day

Upstox
By Upstox News Desk

4 min read | Updated on October 28, 2024, 12:23 IST

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SUMMARY

Shares of Bandhan Bank zoomed as much as 9.5% to ₹184.40 apiece on the BSE after its September quarter results. The lender on Friday reported a 30% increase in net profit at ₹937 crore for the quarter ended September 30, 2024.

Stock list

TEXRAIL
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INDIGO
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ORIENTELEC
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IDFCFIRSTB
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SENSEX and NIFTY50 near day’s high, Nifty IT records sharpest gain in over two months

SENSEX and NIFTY50 near day’s high, Nifty IT records sharpest gain in over two months

Buzzing Stocks: After multiple sessions of subdued and negative trading sessions, bulls finally showed some strength on Monday, October 28. 

In the late morning deals, the benchmark indices were trading over 1% higher. 

At 11:51 AM, the S&P BSE SENSEX was trading at 80,335.30 points, up 933 points, or 1.18%, while the NSE's NIFTY50 index was trading at 24,427.55, up 246.75 points, or 1.02%. 

Here is a list of stocks that are buzzing in today's session. 
IndiGo: Shares of InterGlobe Aviation crashed as much as 13.4% to ₹3,778.50 apiece on the BSE as the airline reported a net loss of ₹986.7 crore in Q2FY25 compared to a net profit in the corresponding period last year. 

The company suffered losses due to the grounding of planes and higher fuel costs.

The carrier had a profit of ₹188.9 crore in the year-ago period, according to a release.

The company’s total quarterly income was up 14.6% year-on-year (YoY) to ₹17,759 crore. 

ICICI Bank: Shares of the private sector lender surged as much as 3.6% to ₹1,300.80 apiece on the BSE as the bank on Saturday posted a 14.5% growth in its standalone profit to ₹11,746 crore for the second quarter ended September 2024.

It reported an interest income of ₹40,537 crore during the quarter compared to ₹34,920 crore in the year-ago period.

The net interest income (NII) improved by 9.5% to ₹20,048 crore from ₹18,308 crore in the second quarter of the previous year.

Texmaco Rail: Shares of Texmaco Rail & Engineering surged as much as 5.79% to ₹209.05 apiece on the BSE as the company reported a robust set of numbers for the quarter ended September 30, 2024.

Its EBITDA, or earnings before interest, taxes, depreciation, and amortisation, came in at ₹149 crore, up 81.7% against ₹82 crore logged in the September 2023 quarter. 

Orient Electric: Orient Electric shares were locked in the 20% lower circuit at ₹252.35 apiece on the BSE. The company on Friday reported a 43.41% decline in its net profit to ₹10.44 crore for the second quarter ended September 2024.

It had posted a net profit of ₹18.45 crore in the July-September quarter a year ago. 

Its revenue from operations increased 16.44% to ₹660.15 crore during the period under review. It was ₹566.9 crore in the corresponding period of the last fiscal.

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Bandhan Bank: Shares of Bandhan Bank zoomed as much as 9.5% to ₹184.40 apiece on the BSE after its September quarter results. 

The lender on Friday reported a 30% increase in net profit at ₹937 crore for the quarter ended September 30, 2024. 

Aditya Birla Real Estate: Shares of Aditya Birla Real Estate were trading 6.51% at ₹2,812.50 apiece on the BSE. 

It reported a consolidated net profit of ₹2.82 crore in the second quarter of this fiscal year on higher income.

The company had posted a net loss of ₹32.87 crore in the year-ago period.

Total income rose to ₹1,138.08 crore during the July-September period of the 2024-25 fiscal from ₹873.70 crore in the corresponding period of the preceding year, according to a regulatory filing.

Ashapura Minechem: The stock was trading 19% lower at ₹245.15 as the company, in its exchange filing said, that the Court of LXXXI Additional City Civil and Sessions Judge at Bengaluru (“the Special CBI Court”), by its order dated 26th October 2024, has in the matter of State of Karnataka by CBI, ACB vs Mahesh Biliye & others regarding Iron Ore Exports, found Mallikarjun Shipping Pvt. Ltd, two other individuals, and AshapuraMinechem Ltd. along with its Chairman guilty u/s 120-B, 420, and 379 of IPC.

The sentence under the above order carries fines of ₹20,000 each to be paid individually and ₹9.06 crores to be paid jointly and severally with a maximum imprisonment of up to 7 years. 

YES Bank: Shares of YES Bank rallied as much as 9.74% to hit a high of ₹21.29 apiece on the BSE on Monday, October 28, after the private sector lender during the weekend posted a strong set of numbers for the quarter ended September 30, 2024 (Q2 FY25). 

The core net interest income increased 14.3% to ₹2,200 crore for the reporting quarter on the back of 12.4% growth in overall advances and the net interest margin inching up to 2.4%.

IDFC First Bank: Shares of IDFC First Bank were trading over 2% lower at ₹64.03 apiece on the BSE after the lender on Saturday posted a 73% decline in its standalone profit to ₹11,746 crore in the second quarter ended in September 2024.

Provisions for Q2 FY25 stood at ₹1,732 crore, primarily on account of a prudent provisioning buffer of ₹568 crore, the bank said in a statement.

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