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  1. IndusInd Bank, Infosys, Paytm, Sun Pharma, NLC: Check top buzzing stocks of the day

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IndusInd Bank, Infosys, Paytm, Sun Pharma, NLC: Check top buzzing stocks of the day

Ahana Chatterjee - image.jpg

5 min read | Updated on March 11, 2025, 13:29 IST

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SUMMARY

Shares of private lender IndusInd Bank tumbled over 25% during the intraday trade after it informed the exchanges on Monday evening that its net worth took a 2.35% hit due to account discrepancies

Shares of information technology firms were underperforming on Tuesday following a tech rout in the US market on Monday.

Shares of information technology firms were underperforming on Tuesday following a tech rout in the US market on Monday.

In the afternoon trade, the equity benchmark indices on Tuesday, March 11, were trading almost flat.

At 1:20 PM, the S&P BSE SENSEX was trading at 74,041.54, falling 73.63 points, or 0.10%, while the NSE's NIFTY50 index was at 22,456.45, down 3.85 points, or 0.02%.

Here is a list of stocks that are buzzing in today's trade.
IndusInd Bank: Shares of private lender IndusInd Bank tumbled over 25% during the intraday trade after it informed the exchanges on Monday evening that its net worth took a 2.35% hit due to account discrepancies.

“A final report of the external agency is awaited, and based on which the bank will appropriately consider any resultant impact in its financial statements,” the bank said in a statement.

At 12:40 PM, shares of IndusInd Bank were trading at ₹673.80 apiece, plunging 25.17%. It had touched a 52-week low of ₹667.15 during the intraday trade. Read more
BEL: Shares of Bharat Electronics (BEL) on Tuesday surged nearly 3% during the early trades as the PSU firm bagged additional orders worth ₹843 crore on Monday.

The company, in an exchange filing, said: “Major orders include RF seekers, vessel and air traffic management systems, electro-optic repair facilities, radar upgrades, spares, services, etc.”

At 12:45 PM, shares of BEL were trading at ₹275.29 apiece, rising 1.65% on the National Stock Exchange. It was one of the most contributing stocks on the 50-share index. Read more
Paytm: One97 Communications, parent firm of Paytm, on Tuesday said its board has approved the employee stock ownership plan (ESOP) of 109,995 stock options to its eligible employees. This led its share price to gain even when the benchmark equity indices were under pressure.

At 12:49 PM, shares of Paytm were at ₹697.40 apiece, rising 4.83% on the National Stock Exchange.

“Each stock option is convertible into one fully paid-up equity share having a face value of ₹1 each,” the company said in an exchange filing on Tuesday. Its exercise price is ₹9 per stock option. Read more
Infosys: Shares of information technology firms were underperforming on Tuesday following a tech rout in the US market on Monday. Among all the IT stocks, Infosys was the biggest laggard during the intraday trade.

In the US, the tech-heavy index, the Nasdaq Composite, dropped 727.90 points, or 4.00%, to 17,468.32. This impacted all the IT stocks in India as well.

At 12:56 PM, Infosys shares were trading at ₹1,652 apiece, falling 2.91% on NSE. Along with the Nifty IT index, the scrip was one of the biggest laggards on the 50-share index as well.

Sun Pharma: Drugmaker Sun Pharma shares continued to advance on Tuesday, a day after the firm had announced its acquisition of Checkpoint, an immunotherapy and targeted oncology company.

Checkpoint is a Nasdaq-listed commercial-stage company focused on developing novel treatments for patients with solid tumour cancers.

During the intraday trade, shares of Sun Pharma were trading at ₹1,656.95 apiece, rising 2.82% on the National Stock Exchange.

Gensol Engineering: Shares of Gensol declined as much as 5% on Tuesday as investors continued to dump their holdings in the stock. However, on March 10, the company informed the exchanges its promoters are reinforcing long-term confidence in Gensol’s vision by infusing approximately ₹29 crore.

“…promoters of the company are reinforcing long-term confidence in Gensol’s vision by infusing ₹28,99,99,885.50 through the conversion of warrants into equity,” the company said in a statement to the stock exchanges.

“In alignment with the promoter group’s unwavering support for the company’s growth trajectory, warrants will be converted into 4,43,934 equity shares at a price of ₹871 per share,” it further said.

During the intraday trade, shares of the firm tanked 4.99% to ₹290.55 apiece on NSE.

NTPC: Shares of NTPC gained on Tuesday as it announced plans to invest ₹96,000 crore in Chhattisgarh as part of multiple agreements signed with the state government to set up clean energy projects, including nuclear.

During the intraday trade, the share of the company was trading 0.09% higher at ₹329.7 apiece on NSE.

Other projects will be pumped hydro and renewable projects based on solar/wind/hybrid sources in the state.

M&M: Shares of Mahindra & Mahindra (M&M) fell over 2% during the intraday on Tuesday as auto stocks tumbled amid trade war escalation fears.

During the intraday period, the automaker was trading 1.76% at ₹2,655 apiece on the National Stock Exchange.

NLC: State-owned NLC informed the stock exchanges that its board has considered and in principle approved the borrowing of external commercial borrowing (ECB) within an overall ceiling of Japanese Yen equivalent to $200 million with an equivalent green shoe option.

Shares of NLC were trading 2.24% down on NSE at ₹215.84 during the intraday period.

Zomato: Food delivery app Zomato shares fell over 4.7% on Tuesday, a day after its shareholders greenlit renaming the company to Eternal Ltd through postal ballots.

The name change extends only to the corporate entity and doesn't apply to the brand or the app.

At the time of writing this article, shares of Zomato were trading at ₹203.80 apiece, declining 3.53% on NSE.

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About The Author

Ahana Chatterjee - image.jpg
Ahana Chatterjee is a business journalist with 7 years of experience across several leading news platforms. At Upstox, she covers stock markets and corporate news.

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