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NIFTY50 up 2.8% in afternoon deals; Triveni Turbine, Reliance Power, and Sun Pharma among buzzing stocks
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6 min read | Updated on May 12, 2025, 13:18 IST
SUMMARY
Stock market today: Shares of Reliance Power were trading 12.45% higher at ₹43.46 apiece on the BSE as the firm posted a consolidated net profit of ₹126 crore for the January-March quarter of the fiscal year 2024-25 (Q4 FY25). The company posted a profit due to lower expenses.
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The market witnessed heavy buying on supportive cues, both on the domestic and global fronts. | Image: Shutterstock
The market witnessed heavy buying on supportive cues, both on the domestic and global fronts.
At 12:47 PM, the S&P BSE SENSEX was trading at 81,963.57, 2,509.10 points, or 3.16%, while the NSE's NIFTY50 index was trading at 24,682.85, up 674.85 points, or 2.81%.
The company posted a profit due to lower expenses.
The company had reported a loss of ₹397.56 crore in the quarter ended on March 31, 2024, a regulatory filing showed.
Total income dipped to ₹2,066 crore in the fourth quarter from ₹2,193.85 crore in the same period a year ago.
The company on Saturday reported a 60.44% rise in standalone profit to ₹93.7 crore in the March quarter, on account of higher income.
It had posted a profit of ₹58.4 crore in the year-ago period.
The company's total income rose to ₹508.1 crore from ₹400.2 crore a year ago.
For the entire FY25, net profit rose to ₹374.4 crore from ₹209 crore in FY24.
The board of directors also recommended a final dividend of ₹2 per fully paid-up equity share of the face value of ₹1 each for 2024-25, subject to approval of the shareholders at the ensuing annual general meeting (AGM) to be held on September 8, 2025.
SMBC is a wholly owned subsidiary of Sumitomo Mitsui Financial Group, Inc. (SMFG). SMFG is the second largest banking group in Japan, with total assets of $2 trillion as of December 2024 and a strong global presence.
It had posted a net profit of ₹193.34 crore in the January-March period last year, according to a regulatory filing by Birla Corporation on Friday evening.
Birla Corporation's revenue from operations rose 6 per cent to ₹2,814.91 crore during the March quarter. It was ₹2,654.44 crore a year ago.
The food delivery and quick commerce platform on Friday reported a widening of its consolidated net loss during the March quarter to ₹1,081.18 crore due to significant investments in quick commerce.
The company had reported a net loss of ₹554.77 crore on a consolidated basis in the year-ago period.
Swiggy's revenue from operations rose to ₹4,410 crore during the January-March period, as against ₹3,045.5 crore a year earlier, a regulatory filing showed.
However, its total expenses shot up to ₹5,609.6 crore during the quarter under review, as against ₹3,668 crore in the corresponding period of the previous year.
The exchange had posted a net profit of ₹107 crore in the year-ago period, BSE said in a regulatory filing to the National Stock Exchange (NSE).
Interglobe Aviation was trading over 7.5% higher at ₹5,484.50, while IRCTC was up 4% at ₹751.25. Indian Hotels Company was trading 7% higher at ₹769 on the NSE.
Sun Pharma stock tumbled as much as 7% in the early trade. However, at the time of writing this article, shares were trading at ₹1,698.50, down 2.65%.
This is further to the Uttar Pradesh cabinet approving the project earlier this month, a company statement said.
The company will now sign a long-term power supply agreement with Uttar Pradesh Power Corporation Ltd (UPPCL) under the Letter of Award (LoA) received today, it stated.
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