Buzzing Stocks: The domestic benchmark indices were trading nearly 1% higher in the afternoon deals on Wednesday, November 1, amid news that Donald Trump is set to become the 47th President of the United States.
The final verdict is yet to be announced.
At 1:25 pm, the S&P BSE SENSEX was trading at 80,256.64 levels, up 780.01 points, or 0.98%. The NSE NIFTY50 index of the NSE was ruling at 24,362.15, up 148.85 points, or 0.61%.
Here is a list of stocks that are buzzing in today's trade.
Hindustan Zinc: Shares of
Hindustan Zinc (HZL) declined as much as 8.1% to ₹514.10 apiece on the BSE on Wednesday, November 6, as the government announced last evening it would sell up to a 2.5% stake in the company at a floor price of ₹505 per share through an offer for sale (OFS).
The stake sale would fetch over ₹5,000 crore at the floor price.
The two-day OFS opens for institutional bidders today, and for retail investors, it will open on Thursday.
Titan Company: Titan Company shares were trading over 1.6% lower after the company reported a weak set of numbers for the September quarter.
Titan on Tuesday, November 5, reported a 23.1% year-on-year (YoY) drop in its consolidated net profit at ₹704 crore for the quarter ended September 30, 2024 (Q2 FY25).
GAIL India: Shares of
Gas Authority of India (GAIL) zoomed as much as 6.89% to ₹209.95 apiece on the BSE on Wednesday, November 6, a day after the company reported financial results for the quarter ended September 30, 2024 (Q2 FY25).
The state-owned energy corporation with primary interests in the trade, transmission, and production distribution of natural gas on Tuesday reported a 10% rise in the September quarter net profit to ₹2,689.67 crore compared to ₹2,442.18 crore logged in the same period a year ago.
Mazagon Dock Shipbuilders: The stock was trading 2% higher at ₹4275.30 apiece on the BSE. The company on Tuesday, November 5, reported a 75.7% year-on-year (YoY) increase in its consolidated net profit at ₹585.08 crore for the quarter ended September 30, 2024 (Q2 FY25).
Dixon Technologies: Shares were trading over 8% higher at ₹15,600.65 apiece on the BSE. The company on Tuesday notified the incorporation of a wholly-owned subsidiary, Dixon Teletech, to make components for IT hardware products.
Oil India: Shares of Oil India were trading 6% higher at ₹524.85 apiece on the BSE. The company saw consolidated net profit attributable to the owners of the company rise 3.79 times. Net profit more than tripled to ₹2,016.2 crore, up from ₹420.6 crore in the corresponding period of FY24.
Sequentially, the net profit rose 6.91% from ₹1,885.78 crore recorded in Q4 FY23, as per a report by Business Standard.
NIIT Ltd: Shares of NIIT Ltd were trading 14% higher at ₹185.90 apiece on the BSE. Net profit of NIIT rose 11.18% to ₹11.83 crore in the quarter ended September 2024 as against ₹10.64 crore during the previous quarter ended September 2023. Sales rose 11.42% to ₹90.71 crore in the quarter ended September 2024 as against ₹81.41 crore during the previous quarter ended September 2023.
Waaree Energies: The stock was trading over 3% higher at ₹3,590 apiece on the BSE. The company in today's trade crossed a milestone of ₹1 lakh crore market capitalisation. Waaree Energies manufactures and supplies solar panels. Its operating segments include solar photovoltaic modules, power generation, and engineering, procurement, and construction contracts (EPC).
.png)
