Buzzing Stocks: The domestic equity market was trading in negative territory in the afternoon deals on Tuesday, November 5.
At 12:56 pm, the S&P BSE Sensex was trading at 78,531.30 levels, down 250.94 points, or 0.32%. The broader NIFTY50 index was trading at 23,918.70 levels, down 76.65 points, or 0.32%.
Here is a list of stocks that are buzzing in today's trade.
Ola Electric Mobility: The stock was down over 6.7% at ₹75.18 on the BSE as the three-month lock-in period expired today.
Procter & Gamble Health: Shares of
Procter & Gamble Health jumped as much as 8.55% to hit a 52-week high of ₹5,730.75 apiece on the BSE after the company reported its September quarter results.
The company's net profit jumped 25.56% to ₹82.33 crore on a 2.78% rise in revenue from operations to ₹313.41 crore in Q2 FY25 over Q2 FY24.
Total expenses were at ₹205.29 crore in Q2 September 2024, down 7.91% on a YoY basis. The cost of materials consumed stood at ₹48.17 crore (down 44.82% YoY), while employee benefits expenses came in at ₹46.22 crore (down 23.77% YoY) during the period under review.
Gland Pharma: Shares of Gland Pharma were trading 12% higher at ₹1,803 apiece on the BSE. The company reported a drop in second-quarter profit on Monday, hurt by lower sales in its Europe business and temporary production issues at its French unit Cenexi.
It reported consolidated net profit of ₹164 crore ($19.5 million) for the quarter ended September 30, a 15.7% decrease from the year-ago period.
Revenue from operations climbed 2.4% to ₹1,406 crore.
Titan Company: The stock was down 1% lower at ₹3,196 on the BSE ahead of its September quarter results declaration.
Trent Ltd: Trent shares were down over 3% at ₹6,849.25 apiece on the BSE. As per news reports, public shareholder Dodona Holdings Ltd. offloaded a 0.33% stake in Trent Ltd. for ₹838 crore through an open market transaction on Monday.
Hatsun Agro Products: The stock was trading over 9% higher at ₹1,161.20 on the BSE. The company’s Q2 earnings report showed a 17% year-on-year drop in net profit to ₹64.32 crore from ₹77.57 crore in the same period last year.
ABB India: ABB India on Monday reported an over 21% rise in profit after tax at ₹440 crore for the third quarter ended September 30, pushed by higher income.
It had posted ₹362 crore profit after tax (PAT) in the July-September period a year ago, the company said in an exchange filing.
The company follows January to December as a financial year.
The stock was trading nearly 5% lower at ₹7,015 on the BSE.
Torrent Power:
Torrent Power shares were down over 5% at ₹1,700.75 apiece on the BSE.
PB Fintech: The stock was down nearly 6% at ₹1,614.65 on the BSE ahead of its Q2 results declaration.
Tilak Industries: Shares of Tilaknagar Industries, a beverage company, jumped as much as 18.3% to hit a record high of ₹344.80 apiece on the BSE on Tuesday, November 5, after the company on Monday reported a strong set of numbers for the September quarter (Q2 FY25).
Profit after tax (PAT) excluding exceptional items increased by 82.4% to ₹58.2 crore from ₹31.9 crore logged in the year-ago period.
Kirloskar Brothers: The stock was trading over 6% higher at ₹2,055.65 on the BSE. Last week, the company reported a significant 90% rise in its consolidated profit after tax (PAT) for the quarter, along with a 13.4% increase in consolidated revenue from operations.
