NIFTY50 above 22,500, SENSEX jumps 592 pts in noon deals; HUL, HCLTech, Bandhan Bank among buzzing stocks

The Indian stock market was trading higher on Tuesday, October 13, in the afternoon session, led by a strong rally in IT and FMCG stocks.

The market investors were reacting to Tuesday’s market based on mixed global market cues while witnessing momentum from the healthy earnings report from HCL Tech in the September quarter of FY27.

Crude oil prices (Brent) remained elevated, hovering in the range of $105-106 per barrel on Tuesday’s market amid fears of another supply chain disruption post the recent missile attacks in Saudi Arabia.

Buzzing stocks on October 13: Check list

IT stocks

The gains also follow TCS’ Q2 FY27 results last week, which were broadly in line with, or slightly ahead of, market expectations. HCLTech’s broadly in-line Q2 FY27 results and TCS’ results last week, which were broadly in line with or slightly ahead of expectations, have helped reassure investors about the sector’s resilience.

The NIFTY IT index jumped as much as 4.9% to 29,738.80, with all 10 constituents trading in positive territory.

Polycab India

Polycab India shares decline over 5% to touch an intraday low of ₹7,955 apiece on Tuesday after the National Stock Exchange notified that the stock will be removed from the equity derivative segment.

The stock exchange said that no contracts will be available for trading for the stock with effect from December 30, 2026. The contracts for new expiry months in Polycab will not be issued on expiry of existing contract months, it said.

“However, the existing unexpired contracts of expiry months October 2026, November 2026 and December 2026 would continue to be available for trading till their respective expiry date and new strikes would also be introduced in the existing contract months,” NSE said.

RBL Bank

The private sector lender shares tumbled nearly 9% to an intraday low of ₹381.40 apiece, as investors reacted to the company’s July to September quarter earnings performance trailing behind expectations amid elevated credit costs, equity fundraising impact and muted EPS growth.

The data further showed that the lender’s net interest income advanced 37% year-on-year (YoY) to ₹2,131 crore in the September quarter, from ₹1,551 crore in the same quarter the previous year. The bank’s net interest margin (NIM) improved by 48 basis points to 4.61%, from 4.13% in the same period a year ago.

Puravankara

The realty stock jumped 2.5% to its intraday high of ₹215.1 apiece on Tuesday after Puravankara reported a 62% annual growth in its sales bookings to ₹2,136 crore during the September quarter on better demand for its residential properties.

The company said its pre-sales rose to ₹2,136 crore in the second quarter of this fiscal from ₹1,322 crore in the year-ago period. The sales area for the second quarter stood at 1.83 million square feet, up 22% annually. Average price realisation increased 32% annually to ₹11,651 per square foot.

During the September quarter, Puravankara handed over 977 homes totalling 0.97 million sq ft to customers.

Kalpataru Projects International

Kalpataru Projects International (KPIL) shares were trading lower, despite the company secured new orders. The EPC player bagged new orders worth ₹2,031 crore in the power transmission and distribution (T&D) business in India and international markets.

Additionally, the firm said that Linjemontage i Grästorp AB (Sweden), a subsidiary of KPIL, has received an order worth approximately ₹194 crore (~SEK 200 million).

With the current orders, Kalpataru Projects International secured orders valued at approximately ₹20,000 crore so far in the current fiscal year (YTD FY27). This marks over 30% year-on-year (YoY) growth.

Bandhan Bank

Shares of Bandhan Bank rallied 9% to touch the day's high of ₹171.68 apiece on Tuesday amid reports that IHC is to buy a stake in the private sector lender.

Citing people with knowledge on the matter, The Economic Times reported that IHC, the investment company of Abu Dhabi’s national security adviser and deputy ruler Sheikh Tahnoon bin Zayed al-Nahyan, is among those in early-stage discussions to buy into the promoter of Bandhan Bank, Bandhan Financial Services (BFSL), which owns a little more than a third of the private lender.

“In this context, the Bank clarifies that it is not aware of any such development, and the Bank has not received any communication in this regard,” Bandhan Bank said after the exchanges sought clarification on the matter.

Vikran Engineering

Vikran Engineering shares surged around 15% during the trading session on Tuesday, as the company’s subsidiary secured a ₹2,941 crore loan from the Indian Renewable Energy Development Agency Limited (IREDA) to partially fund its solar photovoltaic power projects across Maharashtra.

Trading activity surpassed 4.9 crore equity shares during the trading session on October 13, marking a more than 67 times increase in overall volumes when compared to the one-week average trading volumes of 7,34,798 equity shares.

With the IREDA loan, NOPL Solar Projects, a wholly-owned subsidiary of Vikran Engineering aims to partially finance the development of a solar photovoltaic power project under the Mukhyamantri Saur Krushi Vahini Yojana 2.0 (MSKVY) Scheme in Maharashtra.

The EPC order to build the 969-megawatt (MW) solar power project has been awarded to Vikran Engineering by NOPL for a consideration of ₹3,517.98 crore.

Hindustan Unilever

Shares of Hindustan Unilever jumped 3% to touch an intraday high of ₹1,878.90 apiece on Tuesday, tracking a rally in FMCG stocks amid broader gains in the equity market. HUL shares were outperforming the NIFTY FMCG index, which has advanced little over 1% in the afternoon session.

The FMCG major in its Q1 FY27 earnings concall had said it expects to hike prices across multiple product categories in the September quarter (Q2 FY27) as it anticipates sequential inflation of 2-5% compared to April-June.

The diversified FMCG major, which hiked prices by 2-5% in Q1 FY27, will continue to take a “calibrated” pricing action to offset the impact in the current quarter while protecting volume-led growth, said its Chief Executive Officer and Managing Director Priya Nair at the post-earnings call.

The company will hold a call with the investors on the same day after the board meeting.