RIL, Wockhardt, Wipro among buzzing stocks as NIFTY50, SENSEX trade flat in noon deals

The Indian benchmark indices, SENSEX and NIFTY50, were trading flat with a negative bias during the afternoon session on Friday, May 29, weighed down by a sell-off in CPSE and oil & gas stocks.

The market indices had opened with mild gains. However, at 12:51 PM, the S&P BSE SENSEX was trading flat at 75,768.80, down by 99 points, or 0.13%. Meanwhile, NSE’s NIFTY50 edged lower by 258.15 points or 0.24% to stand at 23,849.

The top losers in the NIFTY50 index included Eicher Motors, InterGlobe Aviation, Oil & Natural Gas Corporation (ONGC), Max Healthcare Institute and Power Grid Corporation of India.

On the flipside, Infosys, Tech Mahindra, Larsen & Toubro, Wipro and HCL Technologies were among the top gainers.

Buzzing stocks on May 29: Check list

Shares of Wockhardt rallied as much as 17.45% to hit a 52-week high of ₹2,080 per unit on the National Stock Exchange (NSE) on Friday, May 29, as it was granted import and marketing authorisation for a urinary tract infection (UTI) antibiotic from the Central Drugs Standard Control Organisation (CDSCO).

In a regulatory filing dated May 28, the company said that it received authorisation from the Indian drug regulatory authority for the import and marketing of its “indigenously discovered and developed, first-in-class breakthrough” antibiotic, Zaynich (Zidebactam/Cefepime), in India.

The approval, Wockhardt stated, is for the treatment of adult patients (18 years and above) with complicated urinary tract infections (cUTI), including pyelonephritis, as well as cases with concurrent Gram-negative bacteremia.

Wockhardt has submitted a New Drug Application (NDA) in the United States and a Marketing Authorisation Application (MAA) in the European Union for Cefepime/Zidebactam, and they are currently under regulatory review.

The Mukesh Ambani-led oil-to-telecom conglomerate Reliance Industries (RIL) on May 27, said that it has set Friday, June 5, 2026, as the record date for the final dividend of the fiscal year 2025-26 (FY26) that the company had announced earlier.

Alongside fixing the dividend record date, the conglomerate also stated it will hold its 49th AGM on Friday, June 19, 2026. Furthermore, it set Friday, June 12, 2026, as the cut-off date for determining the members eligible to vote on the resolutions set out in the notice of the AGM, RIL added.

The stock of Wipro rallied as much as 4.67% to ₹211 per equity share on the NSE in early trade on Friday, May 29, tracking a sharp overnight rally in the company’s ADR in the US market.

Data show that the Wipro ADR settled 18.54% higher at $2.430 on the New York Stock Exchange (NYSE). ADRs, or American Depositary Receipts, are financial instruments that allow US investors to buy shares of foreign companies — such as Wipro — on American stock exchanges without directly trading in foreign markets.

According to market participants and news reports, the ADRs rallied sharply following the company's latest business update.

On May 28, Wipro issued a press release announcing its expanded partnership with ServiceNow to implement and scale the impact of agentic AI workflows across core enterprise functions such as IT, HR, procurement, and cybersecurity.

Bharat Dynamics share price dropped more than 8% to its intraday low on Friday, May 29, after the company’s Q4 net profit after tax (PAT) contracted on falling core revenues.

As per the NSE filing, Bharat Dynamics recorded a 58% fall in its consolidated net profits to ₹113.18 crore in the March quarter of the financial year ended 2025-26, compared to ₹272.77 crore in the same period of the previous fiscal year.

The consolidated financial statements also showed that the aerospace & defence company’s revenue from core operations contracted 73% year-on-year to ₹488 crore in the fourth quarter of the year ended 2025-26, compared with ₹1,800 crore in the same period a year ago.

Ashok Leyland stock declined as much as 3.6% to touch an intraday low of ₹157.75 apiece on the NSE on May 29, despite reporting a record quarterly standalone profit after tax of ₹1,404.72 crore in the final quarter of the financial year 2025-26, up 12.75% year-on-year (YoY). The company had posted a net profit of ₹1,245.87 crore a year back.

Its revenue from operations advanced 18.92% to ₹14,160.49 crore in Q4 FY26, compared to ₹11,906.71 crore in the corresponding period last year.

The company's board declared a second interim dividend of ₹2.50 per share of ₹1 each for FY26. The record date has been fixed as Wednesday, June 3.

GMR Airports shares gain as much as 6.43% to hit the session’s high of ₹104.14 per unit on Friday, as the firm swung into the black, posting a profit of ₹400.49 crore in the three months ended March of this year. The airport's operator had incurred a loss of ₹252.66 crore in the year-ago period.

In the fourth quarter of financial year 2025-26 (Q4 FY26), total income climbed to ₹4,042.90 crore from ₹2,976.76 crore in the same period a year ago.

The company, which operates airports at Delhi, Hyderabad and other cities, also posted a profit of ₹472 crore for the fiscal year ended March 2026—the first time it has recorded full-year profitability in more than a decade.

Aegis Logistics stock surged as much as 8.4% to hit an intraday high of ₹774 per equity share on the NSE on Friday, May 29, after the company reported a 45.69% year-on-year (YoY) increase in its consolidated net profit to ₹410.37 crore in the fourth quarter of FY26, compared to ₹281.67 crore a year back.

The company also recommended a final dividend of ₹6.70 per share for the financial year ended March 31, 2026, subject to approval of members at the ensuing 69th Annual General Meeting.