Stock market today, buzzing stocks: The domestic stocks were trading in the red in the noon deals on Monday, October 7, as they erased all the morning gains. At 12:11 am, the S&P BSE SENSEX was trading at 81,453.92 levels, down 235 points, or 0.29%, while the NSE NIFTY50 index was trading at 24,909.50, down 105.10 points, or 0.42%.
Here is a list of stocks that are buzzing in today's trade.
Macrotech Developers: Shares of the realty company were trading nearly 3.5% higher at ₹1,212.45 apiece on the BSE after the company on Friday reported a 21% increase in sales bookings to a record ₹4,290 crore during the July-September period on better housing demand. Mumbai-based
Macrotech Developers, which markets its properties under the Lodha brand, had sold properties worth ₹3,530 crore in the year-ago period.
Ola Electric Mobility: Shares of the company were trading over 8% lower at ₹90.76 apiece on the BSE after a war of words broke out between Ola founder Bhavish Agarwal and stand-up comedian Kunal Kamra on Sunday on social media platform X over the after sales and service quality of the company's electric scooters.
Kamra tagged Union Road Transport and Highways minister Nitin Gadkari, asking: "Is this how Indians will get to using EV's?" The comedian also tagged the official handle of the Department of Consumer Affairs, Government of India, @jagograhakjago, seeking an answer saying "any word?" Kamra further wrote, "Anyone who has an issue with OLA electric, leave your story below, tagging all...".
Vodafone Idea: Shares of the telecom company declined after the Department of Telecommunications (DoT) reportedly slapped a notice over the non-payment of bank guarantees required to cover past spectrum auction dues. The stock was trading over 7% lower at ₹9.09 on the BSE.
Paytm: Fintech firm Paytm’s immediate priority is to invest in its consumer payments business in an effort to recover lost user base following regulatory actions by the RBI, a top company official said on Sunday. The RBI had restricted Paytm Payments Bank from accepting deposits or facilitating credit transactions in customer accounts, including prepaid instruments and wallets.
Shares of the company were trading over 5% lower at ₹659.05 apiece on the BSE.
AstraZeneca Pharma: Shares of the company were trading over 4% higher at ₹7,746.15 apiece on the BSE. Last month, the company received permission to import for sale and distribution of Durvalumab 120 mg/2.4 mL and 500 mg/10 mL solution for infusion (Imfinzi) from the Central Drugs Standard Control Organisation, Directorate General of Health Services, Government of India. Durvalumab is a prescription drug used to treat certain cancers in adults.
Jio Financial Services: The stock was trading over 1% lower at ₹334.30 on the BSE after the capital markets regulator, SEBI, granted in-principal approval to the company and BlackRock Financial Management Inc. to act as co-sponsors and set up the proposed mutual fund.
Natco Pharma: Shares of NATCO Pharma Ltd. rallied more than 4% and were trading at an intraday high of ₹1,412.95 on the NSE on Monday. This comes after NATCO on Monday announced that its partner Mylan Pharmaceuticals Inc. has reached a patent litigation settlement with Novo Nordisk in the US over generic Ozempic, a drug used to lower blood sugar and weight loss.
Bank of Maharashtra: Shares of the lender were trading 2% lower at ₹56.51 apiece on the BSE. As per news reports, Life Insurance Corporation (LIC) has notified the exchanges that its shareholding in
Bank of Maharashtra has increased from 4.05% to 7.10%, following the allotment of 259.6 million shares of the state-owned bank during its qualified institutional placement (QIP) process.
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