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Market News

RateGain Travel, Neuland Labs, LTTS, Jubilant FoodWorks, NMDC, RIL: Check top buzzing stocks of the day

Upstox
By Upstox News Desk

4 min read | Updated on November 12, 2024, 13:00 IST

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SUMMARY

Shares of Britannia Industries slipped as much as 5.62% to ₹5,120 apiece on the BSE as the company on Monday reported a decline of 9.36% in consolidated net profit to ₹531.55 crore in Q2 on account of tepid consumer demand due to rising commodity inflation.

Stock list

RATEGAIN
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NEULANDLAB
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LTTS
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JUBLFOOD
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After surging 42% in a week, shares of ITI Ltd were trading 2.70% lower at ₹318.55 apiece on the BSE. 

After surging 42% in a week, shares of ITI Ltd were trading 2.70% lower at ₹318.55 apiece on the BSE. 

Buzzing Stocks: After opening in the green, the domestic stocks slipped into the red in the afternoon deals on Tuesday, November 12. 

At 12:48 pm, the NSE's NIFTY50 index was trading at 24,028.95 levels, down 112 points, or 0.47%, while the BSE SENSEX was trading at 79,095.19, down 401 points, or 0.50%. 

Here is a list of stocks that are buzzing in today's trade. 
Jubilant FoodWorks: Shares of Jubilant Foodworks, which operates popular fast food chains such as Domino's Pizza and Dunkin' among others in India, rallied as much as 8.98% to ₹650.95 apiece on the BSE, a day after the company reported its September quarter (Q2 FY25) numbers.

The company reported a consolidated net profit of ₹66.53 crore against ₹97.2 crore logged in the corresponding quarter of the previous fiscal.

Revenue from operations came in at ₹1,954.72 crore, as against ₹1,368.63 crore registered in the year-ago period.

L&T Technology Services: The stock rallied as much as 5.14% to ₹5,370 on the BSE as the company has signed a definitive agreement to acquire Silicon Valley-based Intelliswift to deepen its offerings across software product development, platform engineering, digital integration, data, and AI.
Britannia Industries: Shares of Britannia Industries slipped as much as 5.62% to ₹5,120 apiece on the BSE as the company on Monday reported a decline of 9.36% in consolidated net profit to ₹531.55 crore in Q2 on account of tepid consumer demand due to rising commodity inflation.

Britannia Industries' revenue from product sales was up 4.47% to ₹4,566.23 crore in the latest September quarter.

NMDC: Shares of NMDC Ltd were trading over 2% lower at ₹227.95 apiece on the BSE. The state-owned miner on Monday reported a 16.66% rise in consolidated net profit to ₹1,195.63 crore for the September 2024 quarter, helped by higher income.

It had posted ₹1,024.86 crore profit in the July-September period of 2023-24. 

The board has also approved the issuance of bonus shares in the ratio of 2:1.

ITI Ltd: After surging 42% in a week, shares of ITI Ltd were trading 2.70% lower at ₹318.55 apiece on the BSE. 

The company recently said that its consortium partner has emerged as L1 in the BharatNet Phase-3 Project in the states of Himachal Pradesh for Package No. 8, in West Bengal, and Andaman & Nicobar Islands for Package No. 9 with a total order value of ₹3,022 crore.

L1 means "lowest one." It refers to the bid with the lowest commercial value in the financial bid evaluation process. 

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RIL: Shares of Reliance Industries (RIL) were trading 0.71% higher at ₹1,282.15 apiece on the BSE. The stock price has slipped 6.46% in the past month. 
RateGain Travel Technologies: Shares of the company tumbled 11.18% to ₹741.55 apiece on the BSE. The company's consolidated net profit jumped 73.8% to ₹52.21 crore on an 18.12% rise in revenue from operations to ₹277.26 crore in Q2 FY25 over Q2 FY24.

EBITDA increased 29.73% year-on-year to ₹60.22 crore in the quarter ended September 30, 2024. EBITDA margin improved to 21.7% in Q2 FY25 as compared to 19.8% registered in the similar quarter previous fiscal. 

Neuland Laboratories: The stock jumped 20% to hit a 52-week high of ₹16,544.75 on the BSE. The company recently posted a net profit of ₹32.84 crore for the period ended September 30, 2024, as against a net profit of ₹97.87 crore for the period ended June 30, 2024. The company posted a net profit of ₹89.24 crore for the period ended September 30, 2023.
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It reported total income of ₹315.17 crore during the period ended September 30, 2024, as compared to ₹444.40 crore during the period ended June 30, 2024.

Uplearn

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