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Religare, M&M, Bandhan Bank, Tata Motors, ISGEC Heavy: Check top buzzing stocks of the day
5 min read | Updated on February 21, 2025, 07:28 IST
SUMMARY
Shares of Religare Enterprises jumped over 6% on Friday after it announced the Burman Group has acquired control of the firm and has been designated as its promoters
Shares of JSW Energy witnessed a significant surge of nearly 6% in the intraday trade marking the day’s high at ₹500.25 on the NSE.
The equity benchmark indices extended its loss and continued to fall in the late morning deals on Friday, February 21. Both the indices were down nearly 0.50%.
At 12:30 PM, the S&P BSE SENSEX was trading at 75,361.52 levels, falling 374.44 points, or 0.49%, while the NSE's NIFTY50 index was trading at 22803.85, down 109.30 points, or 0.48%.
The Burman family has acquired a controlling stake in Religare Enterprises Limited (REL) after the completion of the open offer, and its shareholding post the acquisition stands at 83,201,819 equity shares, representing 25.16%.
The stock of M&M slipped as much as 6.07% to ₹2,667 on the NSE amid a decline in auto stocks.
Tata Power has embarked on a data-driven transformation with Amazon Web Services (AWS) to accelerate the country’s transition to a greener, smarter, and more consumer-centric energy ecosystem, the company said in a statement on Thursday.
During the intraday trade, Tata Power shares were trading at ₹358.75 apiece, rising 0.22% on BSE.
Shares of auto manufacturing and auto ancillary companies were trading with significant cuts in the late morning deals on Friday, February 21. The BSE AUTO index was trading around 2.5%, or 1,195 points, lower at 48,219.52 levels.
The biggest contributors to the index's decline were M&M (down nearly 6%), Tata Motors (down 2%), and TVS Motor Company (down over 3%).
This led the stock to jump on Friday. At the time of writing this article, shares of ISGEC Heavy Engineering was trading 5.59% higher at ₹986.9 per share on BSE.
US-based Goldman Sachs, through its arm Goldman Sachs Funds, sold 10.43 lakh shares, or a 1.42% stake, in ISGEC Heavy Engineering, as per the bulk deal data available on the National Stock Exchange (NSE).
During the intraday trade on Friday, shares of the RVNL was down 1.78% at ₹374.55 apiece on BSE.
During the intraday trade, the company was increased 0.52% to ₹106.65 per share.
As per reports, CLSA believes the Indian microfinance space will go from bad to less bad in a couple of quarters and from less bad to normal by Q2 FY26. In such a backdrop, CLSA sees Bandhan Bank as a play on the MFI recovery cycle, driven by its gradual migration to secured loans.
Bandhan Bank shares were up 2.86% to ₹140.35 apiece during the day’s trade on BSE.
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