IndiGo, Trent, Vedanta Power among buzzing stocks as SENSEX gains over 500 pts; NIFTY trades above 23K

Benchmark indices, SENSEX and NIFTY50, continued trading in the green during the afternoon session on Friday, October 30, bolstered by buying in information technology (IT) and pharma stocks.

The SENSEX soared as much as 0.8% to hit an intraday high of 74,742.59. Meanwhile, the NIFTY50 surged as much as 0.8% to touch the session’s peak of 23,118.10.

At 1:17 PM, the S&P BSE SENSEX gained 522.12 points, or 0.70%, to trade at 74,673.16. NSE’s NIFTY50 stood at 23,091, reflecting a 154.25-point, or 0.67%, jump.

The NIFTY50 index was supported by gains in Trent, InterGlobe Aviation (IndiGo), HCL Technologies, Infosys, and Sun Pharmaceutical Industries, which were among the top winners.

On the other hand, its top losers included Coal India, Shriram Finance, Adani Ports, Nestle India, and Adani Enterprises.

Buzzing stocks on October 30: Check list

Shares of Vedanta Power surged as much as 17.35% to hit an intraday high of ₹33.89 per unit on the National Stock Exchange (NSE) on Friday, October 30, as it reported a profit before exceptional items of ₹101 crore for the September quarter of the 2026-27 financial year (Q2 FY27), compared with a loss of ₹142 crore a year earlier, as higher electricity sales, improved realisations and stronger plant availability drove a sharp recovery in operating performance.

Its revenue rose 38% year-on-year (YoY) to ₹2,908 crore in the quarter ended September 30, while earnings before interest, tax, depreciation and amortisation (EBITDA) more than doubled to ₹421 crore from ₹190 crore a year earlier, the company said in a statement.

Its power sales increased 26% YoY to 5,593 million units (MU), while net realisation rose to ₹5.20 per kilowatt-hour from ₹4.74 a year earlier, reflecting higher volumes and improved pricing.

The stock of Vedanta Oil and Gas rallied as much as 18.1% to hit an intraday high of ₹32.90 per equity share on the NSE, as the firm posted a net profit of ₹746 crore for the second quarter of FY27 as a spike in oil prices helped offset a fall in production.

The profit compares with a loss of ₹152 crore in the preceding three months of April-June. Comparable year-on-year numbers were not available as the company came into existence only in May after demerger from Vedanta Ltd.

Oil and gas production dropped 19% YoY to 72,200 barrels of oil and oil equivalent gas per day. The firm realised a 40% higher price of $97 per barrel in the quarter as compared to $69.1 per barrel.

Shares of air carrier InterGlobe Aviation, the parent company of IndiGo, surged as much as 4.15% to hit an intraday high of ₹4,869 apiece on Friday, October 30, as the company saw its net loss narrow and reported a surge in revenue.

Analysts made note of the company’s better-than-expected EBITDA (earnings before interest, tax, depreciation, and amortisation), along with its focus on pricing over capacity as jet fuel prices increased. IndiGo guided its PRASK (passenger revenue per available seat kilometer) to grow over 25% in Q3 and FY27.

According to a regulatory filing, the budget air carrier reported a consolidated net loss of ₹1,878.6 crore in Q2 FY27, compared with a loss of ₹2,581.7 crore in the same period last year.

Coal India shares drop 3% to touch an intraday low of ₹380.4 apiece on Friday, October 30, after second-quarter earnings as analysts flag e-auction realisations, coal demand, low inventories and FY27 dividend outlook.

The state-owned firm reported an increase of 53% in its consolidated net profit at ₹6,516 crore for the quarter ended September 30, 2026, of financial year 2026-27 (Q2 FY27). Its net profit attributable to the owners for the same quarter in the last fiscal year was at ₹4,259 crore.

The company’s revenue from operations for Q2 FY27 grew 21% to ₹44,179 crore as against ₹36,553 crore reported in the corresponding quarter last fiscal year.

Its operating profit, also known as EBITDA, jumped 29% to ₹8,499 crore for Q2 FY27 as compared to ₹6,593 crore in Q2 FY26. The margin for the quarter under review expanded to 19.24% in contrast to 18.04% YoY.

The stock jumped as much as 6.92% to ₹3,060 per equity share on October 30 after announcing its Q2 FY27 results on Thursday, post-market hours.

According to the company's press release, the retail major reported a 25% YoY increase in consolidated net profit to ₹468 crore for the September quarter, as revenue growth and operating leverage supported earnings amid an inflationary environment.

Consolidated revenue from operations rose 22% to ₹5,873 crore, while operating EBITDA increased 37% to ₹785 crore.

Jio Platforms (JPL) shares declined as much as 2.4% to hit an intraday low of ₹1,386.80 apiece, as equity market investors awaited the recently listed company’s upcoming July to September quarter earnings report for the financial year 2026-27.

Jio Platforms investors need to keep a close watch on any potential changes in the average revenue per user (ARPU), which is a financial metric used in the telecom industry to calculate the revenue generated from individual customers in a particular period.

In the Q1 FY27 results, Jio Platforms’ ARPU increased to ₹215.60 levels, supported by the company’s improved subscriber mix and positive seasonality, partly offset by promotional schemes for fixed broadband customers.

The stock of Reliance Industries Ltd (RIL) fell as much as 1.15% as the company is set to announce its September quarter results on Friday, October 30. At the same board meeting, the company will also consider raising funds through non-convertible debentures (NCDs). The Q2 earnings come just a few days after the listing of Jio Platforms.

As per experts, Reliance Industries’ consolidated Q2 revenue could range between ₹3.12 lakh crore and ₹3.15 lakh crore, up 23% to 24% YoY and 1% to 2% QoQ. The company reported revenue of ₹3.09 lakh crore in the previous quarter and ₹2.54 lakh crore in Q2FY26.

Net profit could rise 16% to 20% YoY to between ₹21,100 crore and ₹22,110 crore. The company reported a net profit attributable to owners of ₹18,165 crore in Q2FY26 and ₹20,946 crore in the previous quarter.

Consolidated EBITDA is expected to rise 15% to 17% YoY to between ₹51,000 crore and ₹53,000 crore, mainly due to the recovery in the O2C business.

Suzlon Energy shares declined 10% to hit a 52-week low of ₹33.23 apiece on Friday, October 30, as the second-quarter earnings disappointed the market.

The company reported a 69% decline in its consolidated net profit to ₹394 crore for the second quarter of the financial year 2026-27 (Q2 FY27) as against ₹1,279 crore in the same period last year.

Its revenue from operations, however, increased 26% in the July-September period to ₹4,875 crore as compared to ₹3,871 crore on a YoY basis.

Deepak Nitrite stock rose as much as 9.4% to reach the session’s peak of ₹1,616 per equity share on the NSE on Friday, October 30, a day after it reported its September quarter earnings.

Deepak Nitrite on Thursday reported a consolidated net profit of ₹398 crore in the July-September period, marking an increase of 234% from ₹119 crore in the same period last year.

The Vadodara-based company's revenue from operations jumped 62% to ₹3,076 crore as against ₹1,902 crore a year earlier.

Deepak Nitrite reported strong operational performance as its EBITDA, also known as operating profit, jumped 207% to ₹627 crore and its EBITDA margin improved by 9.6 percentage points to 20.4%.

Godrej Consumer Products (GCPL) shares declined 7.1% to hit a 52-week low of ₹777.20 apiece on Friday’s market, as investors focused on the raw material cost overhang, which impacted the overall margins of the fast-moving consumer goods (FMCG) company in the July to September quarter of FY27.

Despite a YoY rise in consolidated net profits and healthy revenue gains in Q2 earnings, Godrej Consumer Products’ elevated raw material costs added downward pressure on the company’s operating and EBITDA margins.

The latest updates also showed that Godrej Consumer Products’ management maintained its FY27 guidance, anticipating double-digit revenue and EBITDA growth at the consolidated level.

Milky Mist shares surged 5% to hit its upper circuit and intraday high of ₹319.70 apiece, as investors focused on the dairy product maker’s strong July to September quarter financial performance, with key support from revenue and margin growth in the period.

Milky Mist Dairy Food posted a stellar year-on-year (YoY) consolidated net profit growth of 174.5% to ₹78 crore in the September quarter of FY27, in comparison to ₹28 crore in the corresponding quarter of the previous fiscal year.

The company’s revenue from core operations advanced 41.5% YoY to ₹1,089 crore in the second quarter of FY27, in comparison to ₹769 crore in the same period a year earlier, as per the exchange filings.

Although the elevated material costs increased the overall expenses in the September quarter, the company’s margin growth remained unaffected due to the overall increases in sales.