NIFTY50 below 25,800, SENSEX down 267 pts in noon deals; Bandhan Bank, Swiggy, Mphasis among buzzing stocks

The equity benchmark indices were trading lower in the afternoon session on Friday, October 31, dragged by metal stocks amid mixed global cues. Investor sentiment also remained cautious due to persistent foreign fund outflows.

Max Healthcare shares were the biggest laggard, losing 2.41%, followed by Eternal (-2.35%), Cipla (-2.28%), NTPC (-2.13%) and Hindalco Industries (-1.61%).

Buzzing stocks on October 31: Checklist

Bandhan Bank

Shares of Bandhan Bank tumbled as much as 7% to an intraday low of ₹158.60 apiece on the NSE on Friday, a day after the private sector lender reported its financial results for the quarter ended September 30, 2025 (Q2 FY26).

The bank said its post-tax profit decreased to ₹112 crore during the second quarter of the current financial year as compared to ₹937 crore seen in the similar previous period. This shows a whopping 88% decline in profit during the quarter under review.

Operating profit of the bank also decreased to ₹1,310 crore in the current second quarter, as against ₹1,855 crore logged in the similar previous quarter.

MD & CEO of Bandhan Bank Partha Pratim Sengupta told reporters that the second quarter results were transitional, and the lender's profitability will improve in the coming months. “The repo rate cut has had an impact on the profitability of the bank. There has been a repricing of deposits of the bank. The focus of the bank is on CASA (current account, savings account) growth. The results of the second quarter are below internal expectations,” Sengupta said.

Sengupta said that the growth of the microfinance portfolio remained subdued during the second quarter.

At 12:07 PM, Bandhan Bank shares were trading 6.8% lower at ₹159 apiece on NSE.

Union Bank of India

Shares of the state-run lender Union Bank of India rose as much as 6% to hit an intraday high of ₹152 on NSE after it reported September quarter earnings on Thursday.  At 12:10 PM, shares of the lender were seen at ₹150.75 apiece, soaring 5.9%. 

Union Bank of India shares came under buying interest after its provisions for bad loans fell sharply in the September quarter to ₹526 crore from ₹2,504 crore a year earlier.

Union Bank's asset quality showed an improvement as its gross non-performing assets (NPAs), as a percentage of total advances, came in at 3.29% in the second quarter of the current financial year, from 4.36% in the year-ago period.

Its net NPAs improved to 0.55% from 0.98%. In absolute terms, gross NPAs stood at ₹32,085 crore as against ₹40,499 crore in the year-ago period.

Union Bank of India's net interest income, or the difference between interest earned on loans and expended on deposits, declined 2.6% to ₹8,812 crore compared with ₹9,047 crore.

The bank's net profit dropped 10% to ₹4,249 in the July-September period from ₹4,720 crore in the same period last year.

Vedanta

Shares of Vedanta, the metals and mining conglomerate, were trading 2% lower at ₹496.55 apiece on the NSE on Friday, October 31, as the company is slated to release its financial results for the quarter ended September 30, 2025 (Q2 FY26).

Market participants will closely monitor the company’s key financial metrics, including revenue, net profit, operating profit, and margins on a consolidated basis. In addition, the performance of different segments and management commentary on each business vertical will be crucial.

Furthermore, investors will keep an eye on the company’s investment plans, updates on the demerger, the global metals environment, and guidance for the upcoming quarters. Corporate actions such as dividend announcements may also attract attention.

At 12:10 PM, Vedanta shares were trading at ₹496.90 apiece on NSE, falling 2%. 

Dabur India

Dabur India shares slipped nearly 3% to an intraday low of ₹488.65 apiece on Friday as the FMCG firm’s September quarter earnings failed to impress market investors.

Homegrown FMCG firm reported its second-quarter results for the 2025-26 financial year, posting a 6.53% year-on-year (YoY) surge in its consolidated net profit to ₹453 crore. In the corresponding period of the 2024-25 fiscal year (Q2FY25), the company had clocked a profit of ₹425 crore.

During the quarter under review, the FMCG firm’s revenue from operations advanced 5.37% YoY to ₹3,191.32 crore, as against ₹3,028.59 crore in the September quarter of FY25.

At an operational level, its EBITDA (earnings before interest, tax, depreciation, and amortisation) stood at ₹588 crore in Q2FY25, marking a 6.4% YoY jump from ₹553 crore in the year-ago period. Its EBITDA margin expanded by 19 basis points (bps) YoY to 18.43% during the quarter, compared to 18.24% in Q2FY25.

Dabur India's board of directors also declared an interim dividend of ₹2.75 per equity share with a face value of ₹1 each (275%) for FY26.

On NSE, Dabur India shares were trading at ₹490.20 apiece at 12:20 PM, declining 2.26%.

Swiggy

Swiggy shares surged as much as 3.84% to an intraday high of ₹434 apiece on Friday as investors turned positive after the firm said it plans to raise funds via QIP. But it later lost momentum and slipped into the red.

Along with its Q2 earnings, the quick commerce platform said its board of directors will meet on November 7 to consider fundraising of up to ₹10,000 crore through qualified institutional placement (QIP).

“The external competitive environment is dynamic, and legacy and new players continue to attract investments to the sector. This has necessitated a conversation with the Board to consider an additional fundraise which will give us access to sufficient growth capital while enhancing our strategic flexibility,” Swiggy said in a regulatory filing.

At 12:22 PM, Swiggy shares were trading at ₹410.80 apiece on NSE, slipping 1.71%.

The food and grocery delivery major’s net loss widened by 74.44% year-on-year (YoY) to ₹1,092 crore during the quarter under review, compared to ₹626 crore in the second quarter of the 2024-25 fiscal year (Q2FY25).

The company, however, witnessed a 54.43% YoY increase in its revenue from operations to ₹5,561 crore in Q2 of FY26, as against ₹3,601 crore in the corresponding quarter of the previous fiscal year.

Mphasis

Mphasis shares skid nearly 5% to an intraday low of ₹2,760 apiece on the NSE despite the IT solutions provider reported a 10.79% increase in consolidated net profit to ₹469 crore for the July-September quarter.

The company had reported a net profit (attributable to equity owners of the company) of Rs 423.3 crore in the year-ago period, according to regulatory filings.

The Bengaluru-headquartered company's revenue from operations rose 10.34 per cent to Rs 3,901.91 crore in Q2 FY26, as against Rs 3,536.14 crore in Q2 FY25.

Seen sequentially, profit and revenue rose by 6.18 per cent and 4.53 per cent, respectively.

At 12:24 PM, Mphasis shares were trading at ₹2,764.40 apiece on NSE, declining 4.47%.

Bharat Electronics

Bharat Electronics (BEL) shares were seen trading flat down ahead of its July-September quarter earnings on Friday.

The defence Navratna PSU firm on Thursday had bagged additional orders worth ₹732 crore since the last disclosure on October 22, 2025.

The major orders received include Software Defined Radios (SDRs), tank subsystems, communication equipment, missile components, financial management software, cyber security solutions, upgrades, spares, services and others.

BEL in a regulatory filing said the Software Defined Radios (SDRs) are the first fully indigenous radios, jointly designed and developed with the Defence Research and Development Organisation (DRDO) and manufactured by BEL. These SDRs are interoperable with existing and legacy radios, enabling a seamless transition between technologies.

The firm added that the advanced SDRs will provide secure, real-time communication capabilities and enhance the Indian Army’s operational readiness in a network-centric battlefield environment.

At 12:30 PM, BEL shares were trading at ₹409.80 apiece on NSE, losing 0.16%. It had touched an intraday low and high of ₹408.15 and 415 per share, respectively.