Oracle, Trent, Havells, Cipla among buzzing stocks as NIFTY50, SENSEX trade near day’s lows

The Indian benchmark indices, SENSEX and NIFTY50, were trading in deep red during the afternoon session on Thursday, April 23, amid a sell-off in PSU Bank and auto stocks.

Furthermore, a surge in crude prices due to confusion over the US-Iran truce also dampened investor sentiment.

The SENSEX tanked as much as 1.1% to touch an intraday low of 77,650, while NIFTY50 plunged as much as 0.99% to the session’s low of 24,134.80.

At 2:05 PM, the S&P BSE SENSEX was trading 672.28 points, or 0.86% lower, at 77,844.21. Meanwhile, NSE’s NIFTY50 stood at 24,235.30, reflecting a 142.80 points, or 0.59% decline.

On Wednesday, the foreign institutional investors (FIIs) disposed stocks worth ₹2,078.36 crore, while the domestic institutional investors (DIIs) sold equities worth ₹1,048.17 crore on a net basis, according to exchange data.

Buzzing stocks on April 23: Check list

Shares of Trent slumped as much as 4.11% to touch an intraday low of ₹4,252 apiece on the National Stock Exchange (NSE) on Thursday, April 23, despite strong Q4 results.

It posted 32.57% YoY surge in its consolidated net profit to ₹413.1 crore in Q4 FY26, compared to ₹311.6 crore in the corresponding period last year, according to a regulatory filing dated April 22.

Structurally, the demand levels and the underlying market opportunities remain strong. However, the duration and intensity of disruptions in the Middle East, along with their second-order effects on supply chains, commodity prices, and inflation in general, have potential implications for near-term demand, Trent said in a press release.

Bernstein analysts noted that the company was back on track as it beat growth and margin estimates. However, rights issues didn't excite. In the medium term, analysts expect Trent to maintain a 30% growth trajectory with a stable 11% operating margin. In the near term, it noted that macro conditions could be potential headwinds, which could impact input cost inflation, supply disruption, and cause demand uncertainty.

The stock of Oracle Financial Services Software (OFSS) surged as much as 9.36% to hit an intraday high of ₹8,887.50 per equity share on the NSE after the subsidiary global tech giant Oracle reported its March quarter earnings post-market hours on Wednesday.

OFSS in an exchange filing said that its net profit in the January-March quarter jumped 31% to ₹842 crore from ₹644 crore in the same period last year. For the financial year 2025-26, OFSS's net profit advanced 11% to ₹2,639 crore compared with ₹2,380 crore in the previous financial year.

OFSS's revenue from operations in the fourth quarter of the financial year 2025-26 advanced 20% to ₹2,065 crore from ₹1,716 crore in the year-ago period.

Bharat Coking Coal shares slumped as much as 5.33% to touch the session’s low of ₹33.91 per unit on April 23, as its Q4 net profit declined 59.1% YoY to ₹27 crore, compared to ₹66.5 crore in the same period last year, due to a weak operating performance.

Its revenue from operations dropped by 15% YoY to ₹3,282 crore for the reporting quarter, as against ₹3,865 crore in the March quarter of FY25.

Although Havells India’s revenues for the quarter witnessed a rise, the company’s EBITDA (earnings before interest, tax, depreciation and amortisation) margin contracted to 10.9% in the March quarter, compared to 11.6% in the same period a year ago.

Analysts from CLSA said that Havells India reported weak Q4 results with EBITDA declining below the estimates and a soft rise in overall quarterly revenues due to cables & wires business benefitting from the higher commodity prices and renewables business gaining from solar power.

“Unseasonal rains, slow onset of summer, and pre-buying have impacted cooling products, but the low base and a harsher summer augur well for Q1 FY27 growth,” said the experts.

Shares of Jio Financial Services climbed 4%, after it entered into a binding agreement with Germany's Allianz Group to form a 50:50 primary insurance joint venture (JV) - covering general insurance and health insurance - to serve the rapidly growing Indian insurance sector.

The binding agreement formalises a collaboration first announced in July 2025, soon after Allianz Group exited its partnership with Bajaj Finserv.

Indian customers will benefit from the union of Jio Financial Services Ltd's extensive digital reach and deep understanding of the local markets and Allianz’s high-quality insurance products and services, a joint statement said.

The stock of Cipla jumped over 4%, after its wholly owned subsidiary, Cipla USA Inc, received final approval for its Abbreviated New Drug Application (ANDA) for Albuterol Sulfate Inhalation Aerosol, 90 mcg per actuation from the United States Food and Drug Administration (USFDA).

“It is the first AB-rated generic therapeutic equivalent of Ventolin HFA, marketed by GlaxoSmithKline,” it said in a regulatory filing on April 23.

Albuterol Sulfate Inhalation Aerosol is indicated for the treatment or prevention of bronchospasm in adult and pediatric patients aged four years and older with reversible obstructive airway disease, as well as for the prevention of exercise-induced bronchospasm in patients aged four years and older.