NIFTY50 above 23,400, SENSEX climbs over 1,700 pts in noon deals; L&T, Ceigall, Swiggy among buzzing stocks

The Indian benchmark indices, SENSEX and NIFTY50, rallied during the afternoon session on Wednesday, March 25, bolstered by gains in consumer durables and PSU bank stocks, along with positive cues from the global market. Investor sentiment also improved as crude oil prices dropped below $100 per barrel in global markets.

The SENSEX rallied by as many as 1,781.31 points to an intraday high of 75,849.76. Meanwhile, the NIFTY50 touched the session’s peak of 23,465.35.

At 12:46 PM, the S&P BSE SENSEX climbed by 1,705.65 points, or 2.30%, to 75,774.10. Meanwhile, NSE’s NIFTY50 stood at 23,444.50, reflecting a 532.10-point, or 2.32% jump.

On Tuesday, the foreign institutional investors (FIIs) sold shares worth ₹8,009.56 crore, while the domestic institutional investors (DIIs) bought equities worth ₹5,867.15 crore on a net basis, according to exchange data.

The NIFTY50 index was supported by gains in Shriram Finance (5.60%), Adani Enterprises (4.86%), Titan Company (4.70%), Trent (4.53%) and Mahindra & Mahindra (3.73%), which were among the top winners.

Conversely, Tech Mahindra (-0.77%) was the only stock trading in the negative in the index.

Buzzing stocks on March 25: Check list

Shares of Larsen & Toubro (L&T) advanced as much as 3.62% to hit an intraday high of ₹3,644.20 per unit on the National Stock Exchange (NSE) on Wednesday, March 25, as it bagged a “significant” order.

In a regulatory filing on Wednesday, the EPC MNC stated that its water and effluent treatment (WET) business vertical has secured a “significant” design-build-operate order from the Guwahati Metropolitan Drinking Water & Sewerage Board in Assam, for a water management project.

According to L&T’s classification, a significant order translates to a project ranging between ₹1,000 and ₹2,500 crore.

The stock food delivery platforms, such as Swiggy and Eternal (Zomato), were trading in the positive after hiking up their platform fees. Swiggy stocks traded in the positive before slipping into the red zone.

On Tuesday, Swiggy hiked the platform fee it charges users to ₹17.58 per order, days after rival Zomato increased the charges. It had last hiked its platform fee in September last year.

The company has now raised it to ₹17.58 per order inclusive of GST, whereas rival Zomato charges ₹14.90 on a pre-GST basis. The latest round of increase by Swiggy brings the platform fee charged by both food delivery players effectively at par with each other (to around ₹17.58 per order).

On March 20, Zomato hiked the platform fee it charges users by ₹2.40 to ₹14.90 per order on a pre-GST basis.

Shares of Adani Green Energy gained as much 3.48% to an intraday high of ₹868.75 apiece on the NSE, as French multinational BNP Paribas on Tuesday bought 6.9 lakh shares of Adani Green Energy from Morgan Stanley for nearly ₹56 crore through open market transactions.

BNP Paribas, through its affiliate BNP Paribas Financial Markets, purchased 6,90,000 shares at an average price of ₹808.3 apiece, according to the block deal data on the BSE, taking the transaction value to ₹55.78 crore.

Meanwhile, US-based Morgan Stanley, through its arm Morgan Stanley Asia (Singapore) Pte, offloaded the same number of shares at the same price, as per the data.

Jindal Stainless stock advanced as much as 3.26% to the session’s peak of ₹740.85 per equity share on Wednesday, on plans of commissioning of a 1.2 million tonne stainless steel melt shop (SMS) in Indonesia, set up as part of its ongoing ₹5,700 crore expansion.

With this development, the company said its annual melting capacity has scaled up to 4.2 million tonnes per annum (MTPA).

Ceigall India shares jumped as much as 4.64% to an intraday high of ₹277.50 crore, as it bagged two work orders from Purvah Green Power Pvt Ltd, both aggregating to ₹297.89 crore, to be executed in Andhra Pradesh.

Both the engineering procurement and construction (EPC) work orders received by the company on March 23 have a 10-month construction period, it said in a regulatory filing on Tuesday.

The first order, worth ₹119.96 crore (including GST), comprises the supply, transportation, and erection, including civil work on a turnkey basis for a 220 kV transmission line. It also includes the right-of-way and statutory approvals.

Furthermore, the second project, valued at ₹177.93 crore (including GST), involves the construction of a balance of plant for the 300.3 MW hybrid (wind) power project in Ralla A.P (Project). It also comprises 91 wind turbine generators (WTGs), including construction, completion, and testing of WTG foundations and the access roads and pathways.

The stock of PG Electroplast Ltd jumped as much as 9% to ₹546.9 per equity share on the NSE, after the company shared an update related to the production of room air conditioners (ACs).

In an exchange filing on March 25, the company said that it was able to identify and install alternative solutions at its production units for liquified petroleum gas (LPG). Post this development, the production of the room AC is almost normalised.

Shares of TVS Motor Company climbed 2.8% to the day’s peak of ₹3,577.60 per unit, as its board of directors declared an interim dividend of ₹12 per equity share for the financial year ending March 31, 2026.

In a regulatory filing dated March 24, the company said that its board of directors, at a meeting held on March 24, declared an interim dividend of ₹12 per share, at a rate of 1,200%, on 47,50,87,114 equity shares of ₹1 each fully paid up, absorbing a sum of ₹570 crore.

The record date for determining the entitlement of the equity shareholders for the latest dividend is Tuesday, March 31, 2026.

"The dividend payment will be made within a period of 30 days from the declaration of the interim dividend, as provided in the Companies Act, 2013," the firm added.