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  1. Persistent Systems, Coforge, SRF, Lupin, Avanti Feeds, Gokaldas Exports: Check top buzzing stocks of the day

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Persistent Systems, Coforge, SRF, Lupin, Avanti Feeds, Gokaldas Exports: Check top buzzing stocks of the day

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4 min read | Updated on April 03, 2025, 13:33 IST

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SUMMARY

Stock market today: Lupin shares rallied as much as 6.9% to ₹2149.20 apiece on the BSE after the company's wholly-owned subsidiary Lupin Healthcare (UK) Ltd acquired UK-based Renascience Pharma Ltd, which is the sole supplier of four speciality products targeting unmet medical needs in the United Kingdom.

Around 01:16 PM, the S&P BSE SENSEX was trading at 76,316.65, down 300.79 points, or 0.39%.

Around 01:16 PM, the S&P BSE SENSEX was trading at 76,316.65, down 300.79 points, or 0.39%. | Image: Shutterstock

Stock market today: The domestic stock market was trading in the red in the afternoon deals on Thursday, April 3; however, the indices were off the day's lows.

Around 01:16 PM, the S&P BSE SENSEX was trading at 76,316.65, down 300.79 points, or 0.39%, while the NSE's NIFTY50 index was trading at 23,262.85, down 69.50 points, or 0.3%.

Here is a list of stocks that are buzzing in today's trade.
Gland Pharma, Sun Pharma, and other pharma stocks: Shares of pharma companies such as Sun Pharma, Dr Reddy’s, Cipla, and Aurobindo Pharma, among others, which earn significant amounts of revenue from the US, were the leading gainers on Thursday, April 3, after the US announced that it has excluded some goods from the ambit of the Reciprocal Tariff.

The list includes copper, pharmaceuticals, semiconductors, lumber articles, gold, energy, and other certain minerals.

The NIFTY PHARMA index jumped as much as 4.54% to 21,904.15 levels.

The biggest gainer was Gland Pharma (up nearly 10%), followed by Aurobindo Pharma (up 7.22%), Dr Reddy's (up 5.83%), and Zydus Life (up 5.33%).
Other notable gainers were Divi's Labs, Sun Pharma, Mankind Pharma, and Cipla. READ MORE
Lupin: Besides this, Lupin shares rallied as much as 6.9% to ₹2149.20 apiece on the BSE after the company's wholly-owned subsidiary Lupin Healthcare (UK) Ltd acquired UK-based Renascience Pharma Ltd, which is the sole supplier of four speciality products targeting unmet medical needs in the United Kingdom.

"100% of the shareholding of Renascience Pharma Limited (RPL) has been acquired by Lupin Healthcare (UK) Limited, a UK wholly owned subsidiary of the company, thereby making RPL its wholly owned subsidiary," the regulatory filing said.

Last seen, the stock was trading 3.9% higher at ₹2,087.50 on the BSE.

Bajaj Finance: Shares of Bajaj Finance dropped as much as 2.1% to ₹8,485.85 apiece on the BSE on Thursday, April 3, amid news reports that the leading non-banking financial services company (NBFC) has received a "letter of displeasure" from the Reserve Bank of India (RBI) in connection with its co-branded credit cards. READ MORE
Avanti Feeds, Apex Frozen: Shares of shrimp manufacturers slipped sharply in the trade following the reciprocal tariff announcement by the US.

These companies have strong export exposure to the US, with a significant portion of their revenue being driven by the American market.

Avanti Feeds crashed as much as 19% to ₹720 apiece on the BSE, while Apex Frozen Foods declined up to 7.7% to ₹199.25.

Dabur India: Shares of Dabur, a leading FMCG company, slipped as much as 7.5% to ₹458.20 apiece on the NSE on Thursday, April 3, after the company shared its Q4 business update and highlighted that the worst for the company as well as the FMCG sector in India is far from over.
The company said that due to the impact of inflation coupled with operating deleverage, it anticipates the Q4 operating profit margin to contract by around 150-175 basis points year-on-year (YoY). READ MORE
IT stocks: The IT stocks were the biggest losers in the trade today. The BSE Information Technology index was trading 4% lower at 34,231.68 levels.

Persistent Systems (down 10%) was the biggest loser on the index. The next on the list were Coforge (down over 7%) and KPIT Tech (down 7%).

Gokaldas Exports, Vardhman Textiles and other textile stocks: Shares of domestic garment exporters such as Gokaldas Exports, Vardhman Textiles, KPR Mill, Trident, Arvind, Indo Count, Kitex Garments, S P Apparels, Century Enka, Sportking India, Nahar Spinning and Nandan Denim rose to 9% on Thursday after US President Donald Trump announced comparatively lower tariffs on Indian imports to the US.

Trump announced a 26% "discounted reciprocal tariff" on India, which was sharply lower than India's competing textile-exporting nations like China, Vietnam, Cambodia, Bangladesh, Sri Lanka, and Thailand.

Navin Fluorine: Shares of chemical companies such as Navin Fluorine also slipped in the trade following the 27% tariff announced by the US. Navin Fluorine was trading over 6% lower at ₹3,990 apiece on the BSE. SRF shares were down over 4.2% at ₹2,855.30 apiece on the BSE.

According to news reports, Jefferies, an investment bank, expects the Indian chemical sector, particularly speciality chemicals, to face negative impacts from the US tariffs. Navin Fluorine, per reports, has a 25% revenue exposure to the US market.

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