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  5. RVNL, NALCO, Zomato, Symphony, IFCI, L&T, JSW Steel: Check top buzzing stocks of the day

Market News

RVNL, NALCO, Zomato, Symphony, IFCI, L&T, JSW Steel: Check top buzzing stocks of the day

Upstox
By Upstox News Desk

3 min read | Updated on November 25, 2024, 13:22 IST

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SUMMARY

Shares of IFCI jumped nearly 15% to ₹64.18 apiece on the BSE; the company's board approved the consolidation of IFCI Group companies.

Stock list

RITES
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ZOMATO
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SYMPHONY
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STOCK_PTI9_16_2022_1042.webp

Shares of Larsen & Toubro (L&T) were trading 3.8% higher at ₹3,741.05 apiece on the BSE.

The equity benchmark indices were trading with decent gains in the afternoon deals on Monday, November 25; however, they were off day's highs.

At 01:00 PM, the S&P BSE SENSEX was trading at 79,804.67 levels, up 688 points, or 0.87%, while the broader NIFTY50 index was trading at 24,153.95 levels, up 247 points, or 1.03%.

Here is a list of stocks that are buzzing in today's trade.
Zomato: Shares of Zomato, the online food delivery company, jumped as much as 7.46% to ₹283.93 apiece on the NSE in the morning trade on Monday, November 25, as the stock will enter the benchmark BSE Sensex, replacing JSW Steel.

Besides, Zomato has also received shareholder approval to raise ₹8,500 crore through qualified institutional placement (QIP). The company passed a board resolution for this fundraise just ahead of its rival Swiggy’s IPO.

As per reports, Zomato has hired investment bank Morgan Stanley to initiate the process of the new QIP round.

IFCI: Shares of IFCI jumped nearly 15% to ₹64.18 apiece on the BSE; the company's board approved the consolidation of IFCI Group companies.

"The board of IFCI at its meeting held on November 22, 2024, has considered and accorded in-principle approval to consider consolidation of IFCI Group," the filing read.

RITES: RITES shares jumped as much as 13% to ₹310 apiece on the BSE. The stock gained after the firm informed exchanges that it has received a revised estimate of ₹532 crore for an electrification project under the Northeast Frontier Railway.

The revised total cost for the project stands at ₹531.77 crore, excluding GST, which marks an increase from the original cost of ₹288.44 crore.

Symphony: The stock was trading over 3% lower at ₹1358.40 on the BSE. For the quarter ended September (Q2 FY25), Symphony's revenue increased by 14.5% from last year to ₹315 crore, while its net profit grew by 60% to ₹56 crore from ₹35 crore during the same period last year.
NALCO: Shares of National Aluminium Company Limited (NALCO) were trading 3.54% lower at ₹247.80 apiece on the BSE.

The company said its consolidated profit rose more than five-fold to ₹1,045.97 crore in the quarter ended September 2024 on the back of higher revenue from operations.

Jubilant Pharmova: The stock was down nearly 3.7% at ₹1099.35 on the BSE. In October, Nuvama Institutional Equities said in its note that Jubilant Pharmova is embarking on a new earning cycle with several growth factors at play.
L&T: Shares of Larsen & Toubro (L&T) were trading 3.8% higher at ₹3,741.05 apiece on the BSE. The company recently informed the exchanges that it has received a ‘limited notice to proceed’ (LNTP) from NTPC for setting up thermal power plants worth over ₹15,000 crore.
JSW Steel: The stock was down over 2.6% at ₹951.20 on the BSE. The stock was in the red as Zomato will replace the company on the SENSEX soon.
RVNL: The stock was trading 4.7% higher at ₹440.10 on the BSE. The company secured a letter of acceptance (LoA) from Eastern Railway for an infrastructure project worth ₹837.67 crore. The project involves earthwork, bridge construction, and railway track laying across 55.2 kilometers between Kalipahari and Pradhankhuta.

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Upstox
Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.

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