Stock market today: The domestic stock market was trading in negative territory during the afternoon trade on Tuesday, May 6.
At 12:38 PM, the S&P BSE SENSEX was trading at 80,585.49 levels, down 211 points, or 0.26%, while the NSE's NIFTY50 index was trading at 24,386.35, down 74.80 points, or 0.31%.
Here is a list of stocks that ae buzzing in today's trade.
CCL Products: Shares of
CCL Products were trading 14% higher at ₹677.30 apiece on the BSE. The stock was trading with impressive gains as the company on Monday posted strong March quarter earnings.
For the fourth quarter of fiscal year 2024-25, CCL Products reported a 56% jump in its net profit to ₹101.86 crore as compared to ₹65.22 crore in the same quarter last financial year. Sequentially, its profit was at ₹63 crore in Q3 FY25.
READ MOREPoly Medicure: The stock was trading over 7% higher at ₹2,767 on the BSE. The company is scheduled to announce its Q4 earnings today. The company may also announce a final dividend for the fiscal year 2024-25.
YES Bank: Shares of YES Bank rallied as much as 9.6% to ₹19.44 apiece on the BSE in the early trade amid a news report by business daily Mint that Japan's Sumitomo Mitsui Banking Corporation has received RBI's approval to acquire a 51% stake in the private lender.
However, later in the day, a CNBC TV-18 report said that the report is incorrect.
Following the development, BSE has sought clarification from YES Bank regarding the acquisition news.
At the time of writing this news, the stock was trading 2.03% higher at ₹18.09 on the BSE.
M&M: Shares of Mahindra & Mahindra (M&M), the auto major, rose as much as 4.55% to ₹3,159 apiece on the BSE on Tuesday, May 6, a day after the company reported a good set of numbers for the March 2025 quarter (Q4 FY25).
The company reported a 13.34% rise in consolidated profit after tax to ₹3,541.85 crore in the fourth quarter ended on March 31, 2025, led by good performance from the auto and farm equipment sectors.
Consolidated revenue from operations stood at ₹42,585.67 crore in the quarter under review, as compared to ₹35,373.34 crore logged in the year-ago period, Mahindra & Mahindra (M&M) added.
READ MORERR Kabel: The stock was trading nearly 6% higher at ₹1,240.65 on the BSE. The shares are in heavy demand after the company posted a healthy set of numbers for the March quarter. The stock price has jumped 26.62% in the past one week, BSE data show.
RR Kabel reported a 26.4% YoY jump in its revenue from operations during the period at ₹2,217.8 crore, while operating EBITDA rose 69.4% YoY to ₹195.8 crore. Its EBITDA margin came in at 8.8%, up 224 bps YoY, while profit after tax (PAT) surged 64.0% to ₹129.1 crore.
Cummins India: Shares of Cummins India tanked as much as 8.33% to ₹2,714.40 apiece on the BSE on Tuesday, May 6, as the company's parent company has withdrawn its full-year guidance owing to Trump's tariff measures.
Cummins' CEO Jennifer Rumsey said the company was withdrawing its full-year guidance due to “growing economic uncertainty driven by tariffs”.
Last seen, the stock was trading 5.19% lower at ₹2,788.10 on the BSE.
READ MORECoforge: Shares of Coforge, the mid-cap IT services company, jumped as much as 6.66% to ₹7,999 apiece on the BSE after the company reported a good set of numbers.
The company on Monday reported a 16.5% increase in consolidated net profit to ₹261 crore in the March quarter.
It had posted a net profit (attributable to owners of Coforge Ltd) of ₹224 crore in the year-ago period, according to a regulatory filing.
Revenue from operations for the quarter under review rose 47% year-on-year to reach ₹3,410 crore, against ₹2,318 crore in Q4 FY24.
Seen sequentially, profit and revenue rose 21% and 4.6%, respectively.
The firm's order intake in Q4 FY25 stood at $2.1 billion. It signed five large deals during the quarter, across North America, the UK, and APAC.
Indian Hotels: Shares of Indian Hotels Company were trading nearly 5% lower at ₹763.10 apiece on the BSE following the Q4 result announcement. The stock price fell after its net profit missed estimates in the March quarter.
The company reported a net profit of ₹522 crore in the January-March quarter, marking an upside of 25% from ₹418 crore in the same period last year. Its revenue from operations rose 27% to ₹2,487 crore as against ₹1,951 crore in the year-ago period. Analysts, on average, were expecting the company to report a net profit of ₹550 crore.
READ MOREPaytm: Shares of One 97 Communications, the parent firm of Paytm, were trading over 4% lower at ₹831 apiece on the BSE. The company is slated to announce its March quarter numbers today.
MSTC: The stock was trading over 4% lower at ₹497 on the BSE. MSTC Limited is a central public sector undertaking under the Ministry of Steel, Government of India. It is involved in diversified e-commerce services. Its corporate office is in Kolkata, West Bengal, with regional branch offices in various other cities.
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