NLC India, L&T, Castrol India, Premier Energies, RedTape: Check top buzzing stocks of the day

The benchmark equity indices on Tuesday, February 4, were trading in green, rising nearly 1%, during the late morning deals.

At 12 PM, the S&P BSE SENSEX was trading at 77,813.76, up 627.02 points, or 0.81%, while the NSE's NIFTY50 index was at 23,536.05, rising 175 points, or 0.75%.

The company’s consolidated revenue rose 39% year-on-year (YoY) to ₹4,411 crore from ₹3,164 crore same period last fiscal year. NLC India’s net profit surged 167.2% YoY to ₹668 crore from ₹250 crore in the corresponding quarter of the previous year.

During the intraday trade, the PSU firm was trading at ₹232.50 apiece, soaring 10.06% on BSE.

At 11:30 AM, the company was trading 3.40% advanced on BSE at ₹3,399.10 apiece.

The company will set up a Pellet Plant and a Direct Reduction of Iron (DRI) plant for a client in the Middle East & North Africa (MENA) region. 

During the intraday trade, Tata Motors was trading 3.40% higher at ₹710.85 on BSE.

The company had posted a PAT of ₹242 crore in the October-December period of 2023, Castrol India said. The company follows the January-December period as its financial year. Revenue from operations rose 7% to ₹1,354 crore for the reporting quarter.

During the intraday trade, its shares were trading at 5.26% up at ₹185.95 on BSE.

The stock opened sharply higher and rose further 9.3% to hit a high of ₹1,170 per share on the NSE. However, during the intraday trade, the company gave up the early gains and was trading 4.18% lower at ₹1,025.65 on NSE.

Premier Energies reported a 490% jump in its consolidated net profit to ₹254.90 crore for the October-December quarter of FY 2024-25 compared to ₹43.15 crore in the year-ago period.

The consolidated total income of the company surged by around 144% to ₹1,749.38 crore in the third quarter of FY25 compared to ₹714.73 crore in the year-ago period.

At 11:50 AM, the company was trading at ₹6,086.85 apiece, rising 3.35% on BSE.

The active pharmaceutical ingredients manufacturer posted a 64.52% increase in its consolidated profit after tax (PAT) to ₹589 crore in the quarter ended December 2024. In the year-ago period, the net profit was ₹358 crore.

Revenue from operations surged 25% to ₹2,319 crore in the third quarter of the financial year 2024-25, compared to ₹1,855 crore a year back.

Redtape had announced the allotment of 41,46,05,700 bonus shares in the proportion of 3:1, i.e., three new fully paid-up equity shares of ₹2 each for every one existing fully paid-up equity share of ₹2, to eligible shareholders as of the record date, Tuesday, February 4, 2025.

During the intraday trade, shares of the company zoomed 8.95% on BSE to ₹197.20.

The company posted a consolidated net profit of Rs 90.53 crore in the same period in the last fiscal year.

Shares of the company plunged 12.19% on BSE to ₹142.99 apiece on Tuesday.

Consolidated income from operations during the quarter under review stood at ₹2,061.01 crore as compared to ₹1,893.13 crore in the year-ago period, it added.

Total expenses in the quarter were higher at ₹2,008.12 crore as compared to ₹1,834.02 crore in the same quarter of the last fiscal year.