Kotak Mahindra Bank, Vodafone, NATCO, Honasa Consumer: Check top buzzing stocks of the day

After falling for six sessions, the equity benchmark indices on Thursday rebounded during the day amid strong inflation numbers.

As many as 11 stocks hit 52-week highs today as the broader markets snapped a six-day losing streak to trade positive on Thursday.

At 12:40 PM, the S&P BSE SENSEX was trading at 76,659.52, rising 488.44 points, or 0.64%, while the NSE's NIFTY50 index was at 23,204.55, up 159.3 points, or 0.69%.

During the intraday trade, the private sector lender was trading at ₹1,977.1, rising 1.37%. The stock has hit its 52-week high of ₹1,987.55 apiece during the opening bell.

The RBI on Wednesday lifted the supervisory restrictions imposed on Kotak Mahindra Bank, allowing the private lender to resume onboarding new customers through its online and mobile banking channels and issue fresh credit cards.

During the intraday trade, the company was trading 3.82% higher on BSE at ₹137.5 apiece.

The gold loan financer reported a 21.4% rise in its consolidated net profit during the third quarter of the current financial year to ₹1,392 crore, as against Rs 1,145 crore in Q3 FY24.

During the intraday trade, shares of Muthoot Finance were up 6.58% at ₹2,324.7 apiece on BSE. The company touched its 52-week high of ₹2,335 during the day.

The drug manufacturing company on Wednesday reported a 37.75% decline in consolidated net profit to ₹132.4 crore in the December quarter, hit by a drop in formulations exports.

The company had posted a consolidated net profit of ₹212.7 crore in the third quarter of the previous fiscal year, NATCO Pharma said in a regulatory filing.

At 12:30 PM, shares of the pharma company nosedived 17.94% to ₹999 apiece on BSE.

Earlier this week, Vodafone Idea reported a consolidated net loss of ₹6,609.3 crore for the third quarter of the 2024-25 financial year (Q3 FY25). Its net loss stood at ₹6,985.9 crore in the corresponding period last year.

The telco’s revenue from operations stood at ₹11,117.3 crore during the quarter under review, jumping 4.16% year-on-year (YoY) from ₹10,673.1 crore registered in the December quarter of Q3 FY24.

The company had posted a profit of ₹254.45 crore in the third quarter last fiscal, Bharat Forge Ltd (BFL) said in a regulatory filing.

Reacting to the numbers, shares of Bharat Forge slipped as much as 5.4% to ₹1,044.70 apiece on the NSE.

The stock shot up by as much as 10% in morning trade, reaching ₹879.25 per share. The company’s market capitalisation now stands at ₹29,489.38 crore.

The company on Wednesday posted a 76.9% jump in its net profit to ₹188.2 crore for Q3 FY25 as against ₹106.4 crore in the year-ago quarter. Its revenue from operations was at ₹4,824.8 crore for the reporting quarter, up 34.4% as compared to the same period last fiscal year.

The stock climbed as much as 7.33% to ₹688 apiece on the National Stock Exchange. At 11:45 am, it was up 6% to ₹679.9 per share.

Reacting to the December quarter numbers, shares of Honasa surged 10.7% on BSE to ₹226.65 apiece during the intraday period.