MTNL, Nalco, Saregama India, HAL, PNC Infratech, Wipro, Ashoka Buildcon: Check top buzzing stocks of the day

Buzzing Stocks, Stock market today: The equity benchmark indices were trading with impressive gains in the afternoon trade on Monday, October 14. 

Here is a list of stocks that are buzzing in today's session. 

Metal stocks: Shares of metals and mining companies such as Nalco, Coal India, JSW Steel, NMDC, and SAIL were trading with gains on Monday, October 14, after news reports said that analysts are positive on the sector and have predicted a favorable view on the supply and demand dynamics of aluminium and an increase in the average prices. 

Ashoka Buildcon: Shares of Ashoka Buildcon were trading over 4% higher at ₹262.70 apiece on the BSE as the company's joint venture has been awarded a letter of acceptance for a project valued at ₹1,673 crore from the City and Industrial Development Corporation of Maharashtra.

Avenue Supermarts: The stock was trading over 8% lower at ₹4,190.90 on the BSE as the DMart operator posted lower-than-expected revenue and net profit for the second quarter of the financial year 2024-25 (Q2 FY25).

It posted a 5.78% jump in its consolidated net profit to ₹659.44 crore while its revenue from operations surged 14.41% to ₹14,444.50 crore in Q2 FY25 compared to ₹12,624.37 crore in Q2 FY24. READ MORE

Bajaj Housing Finance: Shares of recently listed Bajaj Housing Finance slipped over 6% to ₹141.65 apiece on the BSE on Monday, October 14, as the company's IPO lock-in period ends today. The IPO lock-in period refers to a fixed period after a company's initial public offering (IPO) during which a certain set of shareholders, promoters, and insiders are restricted from selling their shares. READ MORE

HAL: Shares of Hindustan Aeronautics (HAL) were trading nearly 1.5% higher at ₹4,512.05 apiece on the BSE as the central government upgraded the state-run defence company to the 14th Maharatna Central Public Sector Enterprises (CPSE), the Department of Public Enterprises said in a post on social media X on Saturday. The Maharatna status will further enhance its operational autonomy and financial powers. 

Wipro: Wipro shares were trading 2.6% higher at ₹542.75 apiece on the BSE after the company during the weekend announced that its board of directors will consider the issue of bonus shares at a meeting scheduled to be held on October 16-17, 2024. Wipro is set to announce its Q2 FY25 results on October 17, 2024.

PNC Infratech: PNC Infratech shares were trading nearly 3% higher at ₹453.50 apiece on the BSE as the infrastructure company, as per news reports, acquired a letter of acceptance by the City and Industrial Development Corporation of Maharashtra for a road project valued at ₹2,040 crore.

MTNL: Shares were up over 6% at ₹54 apiece on the BSE amid news reports that the company may find a revival plan coming its way and may not head to the NCLT route for resolution. CNBC TV-18 reported, quoting sources, that MTNL going under NCLT may not set the 'right precedence for PSUs', and the issue is to keep MTNL 'as a going concern'.

Saregama India: The stock was down over 6% at ₹552.10 amid news reports that Reliance Industries (RIL) is in talks to acquire a stake in Bollywood producer and director Karan Johar's Dharma Productions. "A deal will strengthen the oil-to-telecom conglomerate’s position in the Indian content production industry," said a report by The Economic Times.

Earlier, it was reported that Saregama India was in talks to acquire a majority stake in the production house.