LTTS, Dr. Reddy’s, Apollo Micro Systems among buzzing stocks as SENSEX, NIFTY50 trade flat in noon deals

The Indian benchmark indices, SENSEX and NIFTY50, were trading with marginal gains during the afternoon amid a volatile session on Monday, October 26.

The SENSEX surged as much as 0.5% to hit an intraday high of 73,491.97. Meanwhile, the NIFTY50 rose as much as 0.47% to touch the session’s peak of 22,706.15.

At 1:06 PM, the S&P BSE SENSEX was trading flat at 73,142.64, up by 18.81 points or 0.03%, while NSE’s NIFTY50 stood at 22,600.55, reflecting a 0.55-point, or 0.002%, increase.

Furthermore, India VIX, the volatility gauge, advanced as much as 6.7% to hit an intraday high level of 18.

The top gainers in the NIFTY50 index included Dr. Reddy's Laboratories, BSE Ltd, Eternal, JSW Steel, and Kotak Mahindra Bank.

On the contrary, Shriram Finance, Tata Consumer Products, HDFC Life Insurance Company, Bajaj Finance, and Asian Paints were among the top losers.

Buzzing stocks on October 26: Check list

Indian export-oriented sectors such as textiles, gems & jewellery, leather and footwear, and marine products, among others, were in focus as latest news reports suggested that India's free trade agreement (FTA) with the European Union (EU) may come into effect in the first quarter of 2027 after being signed by the end of 2026.

Speaking at the Berlin Global Dialogue in Germany, Goyal added that the agreement would “probably” be operationalised in the first quarter of 2027.

Shares of shipbuilders such as Cochin Shipyard, Garden Reach Shipbuilders & Engineers and Mazagon Dock Shipbuilders were in the spotlight, as Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal began a four-day visit to South Korea on Sunday to explore shipbuilding cooperation, while Commerce Minister Piyush Goyal said Indian and Rotterdam port authorities are working to digitalise processes to speed up cargo evacuation and reduce ship turnaround times.

The proposed collaborations and infrastructure upgrades could create longer-term opportunities as India seeks to expand its maritime capacity and strengthen trade links.

However, the impact on individual companies will depend on concrete agreements, project execution, and fresh business opportunities.

The stock of Apollo Micro Systems advanced as much as 15.3% to hit an intraday high of ₹432 per equity share on the National Stock Exchange (NSE) on Monday, October 26, as the company reported strong earnings for the July-September quarter of the 2026-27 financial year (Q2 FY27).

Its consolidated net profit (attributable to the owners of the company) stood at ₹46.15 crore during the quarter under review, marking a 48.34% year-on-year (YoY) increase from ₹31.11 crore in the second quarter of the 2025-26 fiscal year (Q2 FY26).

Its consolidated revenue from operations soared 72.3% YoY to ₹388.15 crore in Q2 FY27, from ₹225.26 crore in the year-ago period.

Shares of the non-banking financial company (NBFC) Shriram Finance declined as much as 6.34% to hit an intraday low of ₹810.20 apiece, as the NBFC’s asset quality disappointed investors, with analysts taking note of elevated credit costs.

However, the company saw its standalone profit after tax (PAT) rise 59.37% YoY to ₹3,677.03 crore during the quarter under review, as against ₹2,307.18 crore in Q2 FY26.

The firm recorded a net interest income (NII) of ₹8,661.04 crore in Q2 FY27, reflecting a 38.20% YoY surge from ₹6,266.84 crore in the same period of the preceding fiscal year.

Bharat Coking Coal shares surged nearly 7% to hit an early market high of ₹31.80 per unit on the NSE on Monday, as investors reacted to the strong financial performance in the July to September quarter of FY27, with an overall increase in production and offtake volumes in the period.

Bharat Coking Coal posted a ₹124 crore net profit in the Q2 earnings report, in comparison to a net loss of ₹53 crore in the same period of the previous financial year, according to the official filings. On a sequential basis, the company’s profits surged to their September quarter levels, from a ₹68 crore net loss in the first quarter of FY27.

The revenue from core operations advanced 39% YoY to ₹4,413 crore in the July to September quarter of the current fiscal year, in comparison to ₹3,173 crore in the same period a year earlier.

Coal India-owned Bharat Coking Coal’s operating profit, or earnings before interest, tax, depreciation, and amortisation (EBITDA), was ₹200 crore in Q2 FY27, while the margin was at 4.5% in the period.

Dr. Reddy's Laboratories stock rose as much as 6.9% to touch the session’s peak of ₹1,314.90 per equity share on October 26, despite reporting a 31% YoY decline in its consolidated net profit to ₹925 crore in Q2 FY27, from ₹1,347.1 crore in the year-ago period.

Dr. Reddy's consolidated revenue stood at ₹867.08 crore during the quarter, down 1.5% YoY but up 7% QoQ. The company said its growth was impacted primarily on account of lower lenalidomide revenues in North America.

Shares of L&T Technology Services (LTTS) gained as much as 3.6% to hit an intraday high of ₹4,050 apiece on the NSE, as it established a five-year contract with Nokia to support engineering and research and development (R&D) activities in India.

Under the agreement, LTTS will support Nokia R&D programs across areas including product engineering, software development, system integration, and product support, according to a regulatory filing.

LTTS will establish a dedicated Offshore Development Center (ODC) in India to support Nokia's engineering and R&D initiatives. The ODC will bring data-center-grade compute and AI-infrastructure engineering to next-generation telecom solutions, it said.