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  1. PCBL, Vakrangee, HPCL, Indian Oil Corporation, DMart, Piramal Pharma, Signature Global: Check top buzzing stocks of the day

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PCBL, Vakrangee, HPCL, Indian Oil Corporation, DMart, Piramal Pharma, Signature Global: Check top buzzing stocks of the day

Upstox

4 min read | Updated on January 13, 2025, 13:27 IST

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SUMMARY

Shares of PCBL were trading 8.21% lower at ₹359 apiece on the NSE. The company's net profit dropped 37% on-year to ₹93 crore in the October-December quarter, sharply lower than the ₹148 crore that it clocked in the same period last year. The decline in the company's bottom line was largely driven by a spike in operating costs.

At 1:12 PM, the S&P BSE SENSEX was trading at 76,644.53, down 734.38 points, or 0.95%.

At 1:12 PM, the S&P BSE SENSEX was trading at 76,644.53, down 734.38 points, or 0.95%.

Stock market today: The domestic equity market was trading 1% lower in the afternoon deals on Monday, January 13, amid selling in all the sectors.

At 1:12 PM, the S&P BSE SENSEX was trading at 76,644.53, down 734.38 points, or 0.95%, while the NSE's NIFTY50 index was trading at 23,174.75, down 256.75 points, or 1.1%.

Here is a list of stocks that are buzzing in today's trade.
HPCL, Indian Oil, and BPCL: Shares of leading oil marketing companies such as Indian Oil Corp, Hindustan Petroleum, and Bharat Petroleum dropped up to 7% on Monday, January 13, following a rise in global crude oil prices.

Hindustan Petroleum dropped more than 7% to hit a low of ₹360.15 per share on the NSE. The stock later trimmed losses to trade at ₹370, down by 4.75% over the last close.

The country’s largest oil retailer, Indian Oil Corporation, also declined over 5% to a day low of ₹123.60 per share on the NSE.

BPCL, Gujarat Gas, Mahanagar Gas Ltd, GAIL, Petronet LNG, GSPL, and oil behemoth Reliance Industries also declined by up to 1% in morning deals. READ MORE
Avenue Supermarts: Shares of Avenue Supermarts Ltd., which owns and operates the retail chain D-Mart, slipped as much as 5.7% to ₹3,474 apiece on the BSE on Monday, January 13, after the company, during the weekend, reported its December quarter results and a top-level management change.

The company reported a 4.8% rise in its consolidated net profit to ₹723.54 crore for the third quarter ended December 2024.

The company had posted a net profit of ₹ 690.41 crore a year ago.

Last seen, the stock was trading at ₹3585.90, down 2.71% on the BSE.

Biocon: Biocon, the leading integrated biopharmaceutical company, on Sunday, January 12, said in its filing to stock exchanges that the US Food and Drug Administration (FDA) has classified Biocon Biologics’ Insulins facilities in Johor Bahru, Malaysia, as voluntary action indicated (VAI).

Biocon Biologics Limited (BBL) is a subsidiary of Biocon.

Shares of the company, reacting to the development, on Monday, January 13, surged as much as 4.58% to ₹377.50 apiece on the NSE.

According to the FDA, a voluntary action indicated (VAI) classification means objectionable conditions or practices were found, but the agency is not prepared to take or recommend any administrative or regulatory action.

Last seen, the stock was trading at ₹366.15, up 1.44%.

Just Dial: Shares of Just Dial, a local search engine, slumped as much as 9.82% to ₹942.05 apiece on the BSE on Monday, January 13, after the company on Friday, post-market hours, reported its December quarter (Q3 FY25) results.

On Friday, the stock settled at ₹1,034.60. The scrip's 52-week low level is ₹769.85, which was touched on March 20, 2024.

The company reported a 42.7% increase in consolidated net profit at ₹131.31 crore for the quarter under review. READ MORE
Signature Global: Shares were trading 4.7% lower at ₹1,195 apiece on the BSE.

The real estate company bought 16.12 acres of land in Gurugram for nearly ₹300 crore to develop a housing project, as it remains bullish on demand for mid-income and premium residential properties.

The land is located on Sector 71, Southern Peripheral Road, Gurugram, Haryana.

"We have purchased a 16-acre land parcel in Gurugram for the development of a premium housing project," Signature Global Chairman Pradeep Kumar Aggarwal told PTI.

PCBL: Shares were trading 8.21% lower at ₹359 apiece on the NSE. The stock tumbled after the company's dismal Q3 performance.

The company's net profit dropped 37% on-year to ₹93 crore in the October-December quarter, sharply lower than the ₹148 crore that it clocked in the same period last year. The decline in the company's bottom line was largely driven by a spike in operating costs.

Vakrangee Limited: Shares were down 10% at ₹31.04 apiece on the NSE.
In December, Vakrangee announced a strategic corporate agency tie-up with Future Generali Insurance Company to offer general insurance products across its network.
Piramal Pharma: Shares were trading 5.63% higher at ₹233.70 apiece on the NSE.

In December 2024, Piramal Pharma said it would pay $407,400 to US-based VetDC, Inc to settle a dispute over rejected batches of a product.

Piramal Pharma Solutions Inc, a unit of the company, and VetDC, Inc have entered into a settlement agreement for an amount of USD 407,400, the drugmaker said in a regulatory filing.

VetDC had claimed damages on account of the rejection of certain batches of products manufactured and supplied by Piramal Pharma Solutions Inc.

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