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Persistent Systems, Amber Enterprises, Chennai Petroleum, Coforge, Paytm, FirstSource: Check top buzzing stocks of the day

Upstox
By Upstox News Desk

4 min read | Updated on October 23, 2024, 12:33 IST

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SUMMARY

Shares of Persistent Systems jumped nearly 12% to hit an all-time high of ₹5,766.30 apiece on the BSE after the company on Tuesday posted strong numbers for the quarter ended September 30, 2024. The IT services firm reported a 23.44% increase in consolidated net profit to ₹324.9 crore in the September 2024 quarter.

Stock list

PAYTM
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CHENNPETRO
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FSL
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PERSISTENT
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At 12:19 pm, the S&P BSE SENSEX was trading at 80,410.06 levels, up 189 points, or 0.24%

At 12:19 pm, the S&P BSE SENSEX was trading at 80,410.06 levels, up 189 points, or 0.24%

Stock market today, buzzing stocks: Domestic stocks were trading in positive territory in the afternoon deals on Wednesday, October 23. 

At 12:19 pm, the S&P BSE SENSEX was trading at 80,410.06 levels, up 189 points, or 0.24% while the NSE NIFTY50 index was trading at 24,525.65 points, up 53.55 points, or 0.22%.

Here is a list of stocks that are buzzing in today's trade. 
Persistent Systems: Shares of Persistent Systems jumped nearly 12% to hit an all-time high of ₹5,766.30 apiece on the BSE after the company on Tuesday posted strong numbers for the quarter ended September 30, 2024. 

The IT services firm reported a 23.44% increase in consolidated net profit to ₹324.9 crore in the September 2024 quarter.

Revenue from operations for the quarter under review was Rs 2,897.1 crore, up 20.13% from ₹2,411.6 crore in the quarter-ended September FY24.

During the quarter, the order booking was USD 529 million (around ₹4,447 crore) in Total Contract Value (TCV) terms.

The Pune-headquartered firm has a global headcount of more than 23,200 employees, with 19,899 staff in India.

Coforge: Coforge, the mid-tier IT company, was the highlight of the trading session on Wednesday, October 23. The stock was in heavy demand after the company posted an encouraging set of numbers for the quarter ended September 30, 2024 (Q2 FY25).  Shares of the company jumped up to 12.3% to hit a record high of ₹7,632.75 apiece on the BSE.
Paytm: Shares of One 97 Communications, the parent form of Paytm, were trading nearly 11% higher at ₹761apiece on the BSE in the morning trade on Wednesday, October 23, as the fintech got a major relief from the National Payments Corporation of India (NPCI) last night. 

NPCI has granted approval to Paytm to onboard new UPI users, subject to adherence to all procedural guidelines and circulars, according to the company.

Hyundai India: Shares of Hyundai Motor India Ltd rose as much as 6% on Wednesday, a day after listing at a discount on the National Stock Exchange (NSE) and the BSE.

The stock surged up to 6% to hit an intraday high of ₹1,928.90 apiece on the NSE. It later pared some gains and was trading at ₹1,873.9, up 2.9% at 11:22 am.

The company's market capitalisation stood at ₹1,52,270.20 crore.

ALSO READ | SENSEX, NIFTY tumble 7% from all-time highs touched in September; top factors behind the market crash
Zomato: Zomato shares were up over 1.5% after the food delivery company missed analyst expectations on September quarter results.

The company reported a 388.8% increase in its consolidated net profit to ₹176 crore in the second quarter ended on September 30, 2024. In the year-ago period, the net profit was ₹36 crore. Experts had expected a net profit of around ₹260 crore.

Amber Enterprises: Shares of Amber Enterprises were trading nearly 14% higher at ₹6,463.05 apiece on the BSE after the company reported a consolidated net profit of ₹20.96 crore in Q2 FY25 as compared with a net loss of ₹5.65 crore posted in Q2 FY24.

Revenue from operations jumped 81.73% year-on-year (YoY) to ₹1,684.70 crore in the quarter ended 30 September 2024.

Chennai Petroleum Corporation: Shares of Chennai Petroleum Corporation were trading nearly 11% lower at ₹783.15 apiece on the BSE after the company reported a standalone net loss of ₹629 crore for the quarter ended September 30, 2024, compared to a net profit of ₹1,191 crore in the corresponding period last year, amid a sharp decline in revenue.
Bajaj Finance: Shares of Bajaj Finance were trading nearly 6% higher at ₹7,067 apiece on the BSE after the company reported a strong set of numbers for the September quarter. 

The company reported a 13% increase in consolidated net profit at ₹4,014 crore for the second quarter ended September 30, 2024.

FirstSource Solutions: Shares of the company were up nearly 9% at ₹340.15 apiece on the BSE, a day after the company announced its investment in building its own domain-centric large language model (LLM) specific to the mortgage process. Developed under its Firstsource relAI suite, the investment leverages the company’s deep domain expertise to tailor-make sector-specific AI-driven services and platform offerings, it said.

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