Stock market today: The domestic equity market was trading in the green on Thursday, October 10. At 12:17 PM, the S&P BSE SENSEX was trading at 81,711.03 points, up 243.93 points, or 0.30%, while the broader NIFTY50 index was ruling at 25,038.50, up 56.55 points, or 0.23%.
Here is a list of the top buzzing stocks for the day.
Avalon Technologies: The stock was trading nearly 10% higher at ₹630 on the BSE. It is a small-cap company that offers manufacturing solutions from design to mass production.
Rain Industries: Shares were trading over 6% higher at ₹176.10 apiece on the BSE as the company's subsidiary, Rain Carbon, has entered into an agreement with Northern Graphite to jointly develop natural graphite battery anode material (BAM) to be used in lithium-ion batteries for electric vehicles (EVs).
Mazagon Dock Shipbuilders: Shares of Mazagon and other defence stocks were trading with impressive gains after the Cabinet Committee on Security (CCS), chaired by Prime Minister Narendra Modi, cleared two defence deals crucial for the country's security requirements. Last seen, Mazagon was trading 8.56% higher at ₹4,436 levels.
Bharat Dynamics was trading 4.58% higher at ₹1,215.85.
Tata Steel: Shares of the company gained over 1% in trade. The stock has slipped over 4.6% in the past week, as per BSE data.
Pharma stocks: Pharma shares were under pressure. The Nifty Pharma index was trading 0.0% lower at 23,568.85 levels. Of 10 constituents, five traded in the green and five in the red.
Tata Elxsi: Tata Elxsi shares were trading over 2% higher at ₹7,789 apiece on the BSE ahead of its Q2 results announcement.
TCS: The stock was up 0.73% at ₹4,283.40 on the BSE ahead of its September quarter results announcement, due later today. The IT services giant has cancelled Q2 earnings press conference following the demise of veteran industrialist Ratan Tata. However, it will declare Q2 results.
IREDA: The stock was up 1% at ₹233.60. The state-run energy sector financing firm Indian Renewable Energy Development Agency (IREDA) will declare its results for the September quarter (Q2FY25) today, October 10.
Adani Enterprises: Shares of Adani Enterprises were down over 2% at ₹3,082.95 on the BSE. The flagship firm of Gautam Adani's conglomerate on Wednesday approved a ₹16,600 crore share sale to large investors via a qualified institutional placement (QIP) issue.
In a regulatory filing, the company said its board has set the floor price for the issue at ₹3,117.47 apiece. The QIP issue opened Wednesday, and the company has the discretion to offer a discount of up to 5% on the floor price, as per a PTI report.
PNC Infratech:
PNC Infratech shares were trading nearly 3.5% higher at ₹443.80 apiece on the BSE after the company announced that it has emerged as the lowest bidder for a project by the City & Industrial Development Corporation of Maharashtra (CIDCO). The project is worth ₹2,090 crore and is expected to be completed within 1,460 days.
Suzlon Energy: Shares were trading over 1.65% lower at ₹75.40 apiece on the BSE. The company, in its press release, said Suzlon Group is set to contribute to decarbonisation of the hard‐to‐abate sectors by harnessing the power of wind through a significant 400 MW order from JSP Green Wind 1 Pvt. Ltd. (SPV of Jindal Renewables Power Private Limited).
"This milestone order is the industry’s largest C&I win, reinforcing Suzlon’s market leadership and driving India’s clean energy transition. With this new win, Suzlon’s cumulative order book now stands at nearly 5.4 GW," the company added.
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