Buzzing Stocks today: The domestic equity market took a heavy beating on Friday, October 25, due to a lack of any positive trigger, coupled with poor quarterly results by India Inc and unabated foreign outflows.
At 12:44 pm, the BSE SENSEX was trading at 79,338.72 levels, down 726.44 points, or 0.91%, while the NSE NIFTY50 was trading at 24,135.55, down 264 points, or 1.08%.
Here is a list of stocks that are buzzing in today's trade.
Dixon Tech: Shares of
Dixon Technologies tanked as much as 13.23% to ₹13,062.30 apiece on the BSE on Friday, October 25, a day after the company reported over a three-fold rise in its consolidated net profit to ₹411.7 crore for the September 2024 quarter on strong performance by its Mobile and EMS Division.
The stock slumped mainly on account of profit-booking, as the stock has rallied over 100% on a year-to-date (YTD) basis.
IndusInd Bank: Shares of
IndusInd Bank were in a free fall on Friday, October 25, a day after the lender reported a poor set of numbers for the quarter ended September 30, 2024 (Q2 FY25).
The stock declined as much as 17.8% to ₹1,052.05 apiece on the BSE in the morning trade.
The bank's provisions and contingencies ballooned 87% on a year-on-year (YoY) basis to ₹1,820 crore from ₹974 logged in the corresponding quarter of the previous fiscal.
ITC: Diversified conglomerate ITC was the outlier in the weak market on Friday, October 25, as well as among its FMCG peers (HUL, Nestle India), which disappointed Street with their September quarter (Q2 FY25) results.
The stock jumped as much as 4.6% to ₹493.50 on the NSE, a day after the company posted a 1.8% increase in consolidated net profit to ₹5,054.43 crore for the quarter.
The company posted a consolidated net profit of ₹4,964.52 crore in the year-ago period.
PNB Housing Finance: Shares were trading 4% higher at ₹970 apiece on the BSE after the housing finance company released its financial results for the second quarter of the current fiscal year.
It reported a 22.6% increase in September quarter net profit at ₹469.68 crore. In the same quarter a year ago, the post-tax profit was ₹383 crore.
Bikaji Foods: The stock was trading nearly 4% higher at ₹867.55 on the BSE after the company reported a 14.72% increase in consolidated net profit at ₹68.58 crore in the second quarter ended September 30, 2024, helped by a surge in demand for snacks and packaged sweets during the festive season.
Laurus Labs:
Laurus Labs shares were trading over 6% higher at ₹473.90 apiece on the BSE. The drugmaker on Thursday (October 24) reported a 46.5% year-on-year (YoY) decline in net profit at ₹19.8 crore for the September quarter.
Glenmark Life Sciences: The stock was down 10% at ₹937 apiece on the BSE. The pharma company reported a decline in net profit for the second quarter of fiscal year 2025, falling 20% year-on-year to ₹95.32 crore, impacted by the temporary closure of its Gujarat manufacturing facility.
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