Stock market today: The domestic equity market was trading with impressive gains in the afternoon deals on Friday, November 22.
At 1:31 PM, the S&P BSE SENSEX was trading at 78,259.64 levels, up 1,103.85 points, or 1.43%. The broader NIFTY50 index was trading at 23,699.10 levels, up 349 points, or 1.5%.
Here is a list of stocks that are buzzing in today's trade.
Praj Industries: The stock was trading 8.51% higher at ₹733.45 on the BSE. The company, in its filing to exchanges, said that it was eying opportunities in multiple sectors, including sustainable aviation fuel (SAF), biopolymers, and the energy transition & climate actions (ETCA), and is expecting to triple its revenues by 2030.
MRPL: The stock was trading over 7% higher at ₹155.50. MRPL is mainly engaged in the business of refining crude oil, petrochemical business, trading of aviation fuels, and distribution of petroleum products.
Raymond: Shares of the company were trading 7% higher at ₹1,525.80 apiece on the BSE. The stock jumped as it received a 'no objection' letter from the NSE and the BSE for the demerger of Raymond Realty Ltd, the company's real estate arm. This comes over two months after the demerger of Raymond's lifestyle business. Raymond Realty, after obtaining the necessary approvals, will be listed on both the NSE and the BSE.
Adani Energy Solutions: The stock was down 4.7% at ₹664.95 on the BSE.
Paytm: Shares of One 97 Communications, the parent company of fintech Paytm, gained as much as 7.5% to ₹909 apiece on the BSE on Friday, November 22. The stock has rallied over 17% in the past week, as per BSE data.
On Tuesday, One97 Communications (OCL) said Paytm users will be able to make UPI payments at select international locations, including popular spots in the UAE, Singapore, France, Mauritius, Bhutan, and Nepal.
SBI: Shares of the public sector lender were trading over 3.7% higher at ₹809.80 apiece on the BSE. The stock rallied as, according to news reports, Jefferies has reiterated the stock as its top pick in the segment. The brokerage, as per reports, said that the lender is likely to insulate its net interest income because of its higher share of the marginal cost of funds-based lending rate loans in case of a slow reduction in the policy rate.
Adani Ports: The stock was trading 2% higher at ₹1,136.50 apiece on the NSE. The company reported a 37% rise in consolidated net profit at ₹2,413.54 crore for the quarter ended September 2024, mainly on the back of higher revenues.
The consolidated net profit of the company stood at ₹1,762 crore in the quarter ended on September 30, 2023.
Protean eGov Technologies: The stock was trading over 8.6% lower at ₹1,690 on the BSE as NSE Investments is set to divest up to 20.31% of its stake in Mumbai-based e-governance solutions provider through an offer for sale (OFS).
The OFS will consist of a base issue of 10.16% equity, with a greenshoe option for an additional 10.16% equity. As per the statement, the floor price for the issue is set at ₹1,550 per share.
Shipping Corporation of India: Shares of
Shipping Corporation of India (SCI) were trading 5% higher at ₹216.75 apiece on the BSE. The stock rallied after the central government listed three new shipping bills for the winter session of the Parliament, which is scheduled to begin on Monday.
.png)
