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  5. Persistent Systems, L&T, Five-Star Business, Cipla, RattanIndia, Akzo Nobel India: Check top buzzing stocks of the day

Market News

Persistent Systems, L&T, Five-Star Business, Cipla, RattanIndia, Akzo Nobel India: Check top buzzing stocks of the day

Upstox
By Upstox News Desk

3 min read | Updated on October 31, 2024, 13:18 IST

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SUMMARY

At 12:36 pm, the S&P BSE SENSEX was trading at 79,458.28, down 484 points, or 0.61%. The NSE NIFTY50 index was trading with 120 points or 0.49% cuts at 24,221.30 levels. 

Stock list

PERSISTENT
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INFY
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AKZOINDIA
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CIPLA
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Shares of Tata Power were trading over 3% higher at ₹441.60 apiece on the BSE, a day after the company reported its quarterly results. 

Shares of Tata Power were trading over 3% higher at ₹441.60 apiece on the BSE, a day after the company reported its quarterly results. 

Stock market today: There was no festive cheer on Dalal Street on Thursday, October 31, as the bears continued to dominate the market. 

At 12:36 pm, the S&P BSE SENSEX was trading at 79,458.28, down 484 points, or 0.61%. The NSE NIFTY50 index was trading with 120 points or 0.49% cuts at 24,221.30 levels. 

Here is a list of stocks that are buzzing in today's trade.
L&T: Shares of Larsen & Toubro (L&T), the infrastructure major, jumped as much as 7.2% to ₹3654.95 apiece on the BSE after the company reported a robust set of numbers for the September quarter (Q2 FY25).

L&T's consolidated profit after tax (PAT) stood at ₹3,395 crore in the second quarter of the financial year 2024-25, reflecting an increase of 5% from ₹3,223 crore a year back.

The income grew 21.1% to ₹62,655.85 crore for the quarter under review, compared to ₹52,157.02 crore in the corresponding period last fiscal.

Tata Power: Shares of Tata Power were trading over 3% higher at ₹441.60 apiece on the BSE, a day after the company reported its quarterly results. 

As per the company's press release, Tata Power reported a profit after tax (PAT) (before exceptional items) on a consolidated basis of ₹1,533 crore, up 51% year-on-year (YoY).

Consolidated EBITDA during the quarter rose 23% YoY to ₹3,808 crore on the back of ramped-up solar manufacturing, favorable regulatory development in distribution, and operational efficiency across businesses, it said. 

Revenue for the period came in at ₹15,247, down 1% YoY from ₹15,442 logged in the year-ago period.

Cipla: Shares of Cipla zoomed as much as 9.87% to ₹1,557.45 apiece on the BSE after the pharma company said in its exchange filing that the United States Food and Drug Administration (USFDA), vide communication dated Wednesday, October 30, 2024, has classified its manufacturing facility in Goa as Voluntary Action Indicated (VAI).
Akzo Nobel India: The stock was trading nearly 11% higher at ₹4,213 on the BSE. Last week, there were reports that Akzo Nobel, Europe's largest paint maker, is looking at being a part of the consolidation in the Indian paint market either through a partnership with a larger peer or selling off its Indian operations.
ALSO READ | How has the market performed on Muhurat trading?
Five-Star Business Finance: The stock was down nearly 8% at ₹704.30. The stock, as per news reports, has taken a hit as the management during its earnings call trimmed its growth guidance for the Assets Under Management (AUM) to 25% from 30% earlier.

Gross NPA for the September quarter stood at 1.47% from 1.41% in June. Net NPA for the quarter stood at 0.71% from 0.68% earlier.

Rattanindia Enterprises: The stock was up over 11% at ₹73.51 on the BSE. The company on Tuesday announced the launch of its newest brand, Kalaanj, through its 100% wholly owned subsidiary, Neobrands Limited. 
Godavari Biorefineries: Shares of the company were trading 3% higher at ₹352.80 apiece on the BSE after Madhuri Madhusudan Kela, the wife of ace investor Madhusudan Kela, bought 5 lakh shares via a block deal on the listing day of the company.
IT stocks: IT stocks were the biggest laggards in the trade today. The BSE IT index was trading at 40,418.40 levels, down 2.57%. The biggest contributors to the index were Infosys, TCS, Tech Mahindra, HCL Tech, and Persistent Systems. 

Persistent Systems was trading over 5% lower at ₹5,324.90 on the BSE.

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