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  1. NIFTY and SENSEX decline, Techno Electric, NLC India, Belrise, ITC among buzzing shares

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NIFTY and SENSEX decline, Techno Electric, NLC India, Belrise, ITC among buzzing shares

Upstox

3 min read | Updated on May 28, 2025, 12:39 IST

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SUMMARY

From the NIFTY pack, Bajaj Auto, Apollo Hospital, Nestle India, ITC, Grasim, Hindalco, and JSW Steel were among the laggards. BEL, HDFC Life, Adani Ports, and Bharti Airtel were among the top gainers.

Shares of automotive components maker Belrise Industries debuted with a premium of more than 11% against the issue price of ₹90 on Wednesday. | Image: Shutterstock

Shares of automotive components maker Belrise Industries debuted with a premium of more than 11% against the issue price of ₹90 on Wednesday. | Image: Shutterstock

Equity benchmark indices SENSEX and NIFTY dropped on Wednesday, dragged by ITC amid a stake sale by British multinational BAT Plc.

The 30-share SENSEX declined 193 points to 81,358, while the NIFTY dipped 0.23 points to 24,769.

From the NIFTY pack, Bajaj Auto, Apollo Hospital, Nestle India, ITC, Grasim, Hindalco, and JSW Steel were among the laggards. BEL, HDFC Life, Adani Ports, and Bharti Airtel were among the top gainers.

Buzzing stocks in Wednesday's session

Techno Electric & Engineering Company Ltd: Shares of the power-infrastructure firm rose 11.54% to ₹1,395 apiece on the National Stock Exchange after the company released its financial results for the fourth quarter that ended March 2025.

Its revenue rose 85.56% to ₹815.79 crore in the final quarter of the financial year 2024-25, compared to ₹439.62 crore a year back.

The company's profit after tax attributable to owners of the company climbed 40.26% to ₹134.64 crore as against ₹95.99 crore in Q4 FY24.

The EBITDA (Earnings Before Interest, Tax, Depreciation and Amortisation) spiked 132.83% to ₹126.71 crore in the reporting quarter vs ₹54.42 crore in the March quarter of the previous fiscal.

Belrise Industries: Shares of automotive components maker debuted with a premium of more than 11% against the issue price of ₹90 on Wednesday.

At the NSE, the stock started the trade at ₹100, registering a premium of 11.11%. It later declined by 1.9% to ₹98.10.

The ₹2,150-crore Belrise Industries IPO, with a price range of ₹85 to ₹90 per share, was subscribed 41.30 times.

The company's market valuation stands at ₹8,729.71 crore.

NLC India: The stock advanced 2% to ₹243.35 per unit on the NSE after the company emerged as a preferred bidder for critical and strategic mineral blocks in an e-auction conducted by the government.
"NLC India Limited, is declared as preferred bidder for Semhardih Phosphorite and Limestone Block and Raipura Phosphorite and Limestone Block of Balod, Chhattisgarh subsequent to the critical & strategic mineral blocks Eauction held on 15.05.2025 and 16.05.2025 by Ministry of Mines, GoI," the company said in an exchange filing.
ITC: Shares of ITC were trading 1.47% lower at ₹419.80 apiece on the NSE after the British multinational British American Tobacco (BAT) Plc trimmed its ownership in the conglomerate by selling a 2.5% stake for ₹12,927 crore via a block deal.

BAT, through its unit Tobacco Manufacturers (India) Ltd, offloaded the stake in the Kolkata-based company. Following the block trade, BAT holds less than a 23% stake in ITC from a 25.44% stake earlier.

Life Insurance Corporation of India (LIC): Shares of state-run insurer surged 6.91% to ₹931.45 per unit after the company recorded a 38% increase in profit after tax to ₹19,013 crore in Q4 FY25 due to lower expenses. In the year-ago period, it had posted a profit of ₹13,763 crore.

The total income of the country's biggest insurer during the quarter under review declined to ₹2,41,625 crore from ₹2,50,923 crore a year back.

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