Jio Platforms, L&T among buzzing stocks: SENSEX recovers over 700 pts from day’s low, NIFTY below 22,750

The Indian benchmark indices, SENSEX and NIFTY50, were trading in negative territory during the afternoon session on Wednesday, October 28, despite paring back their early losses, as crude oil prices surged 2% over $116 per barrel (bbl) after Houthis attacked Saudi Arabia’s largest refinery.

The SENSEX dropped as much as 1.35% to touch an intraday low of 72,603.57. Meanwhile, the NIFTY50 tumbled as much as 1.11% to reach the session’s low of 22,497.70.

At 1:33 PM, while both the indices were off their day’s low, they continued trading in negative territory. The S&P BSE SENSEX slumped by 262.77 points, or 0.36%, to trade at 73,335.90, while NSE’s NIFTY50 stood at 22,718.15, reflecting a 31.60-point, or 0.14%, fall.

The top losers in the NIFTY50 index included Infosys, Reliance Industries Ltd (RIL), Oil and Natural Gas Corporation (ONGC), Bajaj Finserv, and Tata Consultancy Services (TCS).

On the contrary, Larsen & Toubro, Apollo Hospitals Enterprise, SBI Life Insurance Company, BSE, and Trent were among the top gainers.

Buzzing stocks on October 28: Check list

Shares of Larsen & Toubro (L&T) jumped as much as 6.24% to hit an intraday high of ₹3,894 per unit on the National Stock Exchange (NSE) on Wednesday, October 28, following a strong set of earnings for the September quarter (Q2 FY27).

The company on Tuesday reported a 32.5% rise in consolidated net profit to ₹5,202.10 crore for the quarter ended September 2026, driven by higher revenue. It had posted a consolidated net profit of ₹3,926.09 crore in the year-ago period.

L&T achieved consolidated revenue of ₹78,750 crore for the reporting quarter, up 16% year-on-year (YoY), driven by accelerated progress across its businesses, the company said in a statement.

Vedanta Iron and Steel stock tumbled 5% to touch the session’s low and lower circuit level of ₹26.56 per equity share, as equity market investors focused on the company’s overall revenue contraction due to seasonal disruptions and higher costs during the period.

NSE filings showed that Vedanta Iron and Steel recorded a contraction in overall consolidated net losses in the July to September quarter of FY27 to ₹324 crore, from ₹477 crore in the corresponding quarter of the previous year.

The company’s revenue from core operations declined 2.4% YoY to ₹2,788 crore, in comparison to ₹2,858 crore in the same quarter of the previous financial year, as per the consolidated statements.

Piramal Pharma shares rallied as much as 17.9% to hit a 52-week high of ₹234.30 apiece on Wednesday, October 28, after the firm swung to profit following broad-based growth across India and overseas sites. The investors' sentiment was also boosted after the company upgraded its FY27 outlook.

The pharma company posted a net profit of ₹6 crore for the July-September quarter as compared to a net loss of ₹99 crore logged in the same period last year.

The company’s revenue from operations jumped 28% in Q2 FY27 to ₹2,617 crore as compared to ₹2,044 crore on a YoY basis, driven by strong performance across all three businesses.

The stock of PG Electroplast gained as much as 8.5% to reach the session’s peak of ₹543 per equity share, as it posted a 42.5% YoY surge in its consolidated revenue from operations to ₹933.88 crore in Q2 FY27, from ₹655.37 crore in the same period last year.

Its consolidated net profit stood at ₹13.67 crore for the reporting period, reflecting a multi-fold YoY growth from ₹2.76 crore in Q2 FY26.

Shares of AWL Agri Business dropped as much as 9.5% to hit a fresh 52-week low of ₹159.65 on Wednesday, October 28, a day after it reported its September quarter earnings.

AWL Agri Business reported net profit of ₹239 crore in the July-September period post-market hours on Tuesday, marking a decline of 2.3% from ₹245 crore in the same period last year. The decline in profit came on the back of higher expenses during the quarter and one-time tax expense.

The marginal decline in PAT was primarily attributable to minimum corporate tax computed on revenue of Bangladesh subsidiary under local regulations, which impacted consolidated tax expenses during the quarter, the company said.

United Breweries stock climbed as much as 15% to hit an intraday high of ₹1,317 after the company post-market hours on Tuesday reported its September quarter earnings.

The Bengaluru-based company reported a standalone net profit of ₹136 crore in the second quarter of the current financial year, marking an increase of 190% from ₹47 crore in the same period last year.

Its revenue from operations advanced 24% to ₹4,621 crore at the end of the September quarter compared with ₹3,736 crore in the year-ago period.

Shares of Waaree Energies fell as much as 4.98% before recovering and trading in the green zone, after the company announced its Q2FY27 results on Tuesday.

Its consolidated net profit declined 14.7% YoY to ₹718.68 crore in Q2 FY27, compared with ₹842.5 crore in the same period last year, according to a regulatory filing dated October 28.

Its consolidated revenue for the quarter ended September 2026 jumped 23.9% YoY to ₹7,517 crore as against ₹6,065 crore in the same period last year.

Shares of Jio Platforms, telecommunications and digital services arm of Reliance Industries, made a robust debut on the stock exchanges on Wednesday, October 28. The stock is listed at ₹1,358 per equity share on the NSE and the BSE. This reflects a premium of 21.36% over the IPO issue price of ₹1,119 apiece.

Following its stellar debut, the company became the second most valuable Indian company by market valuation.

Shares of Paras Healthcare debuted at ₹720 apiece on the NSE and the BSE on Wednesday, October 28. This reflects a premium of 3.90% over the IPO issue price of ₹693 per share.

A lot consisted of 21 shares and cost ₹14,553. Investors who received Paras Healthcare IPO allotment made ₹567 per lot, taking the value of their investment to ₹15,120, as per the listing price on the NSE.

The ₹1,450 crore IPO was a combination of a fresh issuance of shares worth ₹500 crore and an offer for sale (OFS) component of shares totalling ₹950 crore by promoter Dharminder Kumar Nagar and investor Commelina Ltd.