SENSEX drops over 150 pts, NIFTY50 below 22,700 in noon deals; TARIL, BCCL, Tata Elxsi among buzzing stocks

The Indian benchmark indices, SENSEX and NIFTY50, were trading in the red zone during the afternoon session on Wednesday, October 14, amid a sell-off in pharma stocks, a surge in global crude oil prices, and persistent FII outflow.

Furthermore, Wholesale price inflation accelerated to 11.39% in September from 9.92% in August, according to government data released on Wednesday. The wholesale price index rose to 112.5 in September from 110.8 in August, the data showed.

The SENSEX tumbled as much as 0.6% to hit an intraday low of 72,578.75. Meanwhile, the NIFTY50 dropped as much as 0.72% to touch the session’s low of 22,558.95.

At 1:52 PM, the S&P BSE SENSEX fell by 168.69 points, or 0.23%, to trade at 72,865.09, while NSE’s NIFTY50 stood at 22,651.65, marking a 70.30-point, or 0.31%, decline.

On Tuesday, the foreign institutional investors (FIIs) sold shares worth ₹1,305.13 crore, while the domestic institutional investors (DIIs) purchased equities worth ₹2,439.24 crore on a net basis, according to exchange data.

The top losers in the NIFTY50 index included Shriram Finance, HDFC Life Insurance Company, SBI Life Insurance Company, Bajaj Finserv and InterGlobe Aviation (IndiGo).

On the contrary, the top gainers were Infosys, Nestle India, Tata Consultancy Services (TCS), Tata Consumer Products and Coal India.

Buzzing stocks on October 14: Check list

Shares of Transformers and Rectifiers India Ltd (TARIL) rallied as much as 18.7% to hit an intraday high of ₹360.80 apiece on the National Stock Exchange (NSE) on Wednesday, October 14, as equity market investors reacted to the company’s strong profit growth and margin expansion in the July to September quarter of the financial year 2026-27 (Q2 FY27).

NSE filings showed that TARIL posted a 135% year-on-year (YoY) rise in its consolidated net profit to ₹80 crore in the second quarter of the financial year 2026-27, in comparison to ₹34 crore in the corresponding quarter of the previous year.

The company’s revenue from operations grew 61% YoY to ₹739 crore in the September quarter results for FY27, as against ₹460 crore in the same quarter a year earlier.

While TARIL’s operating profits surged to ₹128 crore, from ₹52 crore levels, the EBITDA margins expanded by 600 basis points to 17.35%, in comparison to 11.35% in the same period the previous financial year.

Tata Elxsi stock jumped as much as 8.3% to touch the session’s peak of ₹3,710 per equity share on Wednesday, as investors focused on the company’s better-than-expected revenue and margin figures despite flat quarter-on-quarter (QoQ) profit growth in the second quarter of FY27.

Despite the increase in revenues and improvement in margins on a sequential basis during the July to September quarter of FY27, Tata Elxsi posted an overall flat net profit growth due to the overall increase in employee costs and other expenses in the period.

NSE filings showed that Tata Elxsi recorded a flat net profit after tax at ₹170.2 crore in the Q2 results, in comparison to ₹170.6 crore in the previous quarter.

However, on a year-on-year (YoY) basis, the profits jumped 10% to its second-quarter level, from ₹154.81 crore in the corresponding quarter of the previous fiscal year.

Bharat Coking Coal Ltd (BCCL) shares soared as much as 7.6% to hit an intraday high of ₹33.48 per unit on the National NSE, as the company’s board of directors approved the rationalisation of basic prices of certain grades of raw coking coal for the non-regulated sector.

According to a regulatory filing, the mini ratna firm stated that basic prices of different grades of raw coking coal were increased by approximately 0.1% to 14% over their existing prices.

Furthermore, the Coal India arm added that, “with a view to correct disproportionate inter-grade price differentials”, the revision covers Steel Grades (I and II), Direct Feed, PCC Washery Grades (W-II to W-VI) and HVMC Washery Grades (W-I to W-VI) for the non-regulated sector.

Railtel Corporation of India stock climbed as much as 2.2% to touch an intraday high of ₹257.15 apiece on Wednesday, October 14, after the PSU firm secured an order.

Valued at ₹197.18 crore, the order from State Bank of India involves the continuation of MPLS links to SBI DCDR and branches, along with P2P links across India, at revised rates.

The order has been awarded for a period of five years—from April 1, 2026, to March 31, 2031.

Shares of SS Retail gained as much as 19.95% to hit an intraday high of ₹830 apiece on Wednesday, after the company announced robust quarterly earnings for the period ended June 2026 (Q1 FY27).

The company said in an exchange filing that strong business momentum, improving operating efficiencies and a scalable retail model drove the profitability growth.

For the quarter ended June 2026, the company’s revenue jumped 59% YoY to ₹789 crore, which was largely driven by strong 34% same-store sales growth, reflecting healthy organic growth in the top line.

Additionally, higher average selling price (ASP) on smartphones and continued store additions also contributed to the growth.

Tata Power stock rose as much as 2.07% to reach the session’s peak of ₹352.15 per equity share, as the company said that it is emerging as a preferred partner for India’s fast-growing data centre ecosystem, with a diversified opportunity pipeline of more than 2.8 GW across renewable energy, transmission and distribution, according to a regulatory filing.

As demand from artificial intelligence (AI), cloud computing and digital platforms accelerates, the company is expanding its role beyond power supply to offer a broader range of solutions. These include powered land, transmission and grid connectivity, renewable energy, energy storage, cooling and utility infrastructure to support hyperscalers and advanced data centre facilities.

Adani Power shares soared as much as 3.9% to hit an intraday high of ₹193.30 per unit after it received a Letter of Award (LoA) from Uttarakhand Power Corporation Limited (UPCL) to supply 1,234 MW of net power on an ex-bus basis from a thermal power project with an installed capacity of 1,320 MW.

The award follows the company being declared the successful bidder in a tender issued by UPCL. The power supply will be governed by a long-term Power Supply Agreement (PSA).

The LoA is subject to approval from the Uttarakhand Electricity Regulatory Commission for the adoption of the tariff under Section 63 of the Electricity Act, 2003.

Aegis Logistics stock rallied 7.7% to an intraday high of ₹1,500 per equity share on the NSE, as the company, through its step-down subsidiary Aegis Logistics International, entered into a definitive agreement to acquire a majority stake in Tristar Holdings.

In a regulatory filing, Aegis Logistics said that it aims to acquire approximately 89.8% of Tristar Holdings from Agility Tristar Holdings, Gulf Investment Corporation and Diamond Holdings for an equity consideration of $809 million, including contingent and interest for deferred consideration.

Further, the proposed acquisition is subject to receipt of regulatory approvals under the applicable competition and antitrust laws and satisfaction of customary closing conditions. The acquisition is expected to be completed in Q4 FY27.

Shares of ICICI Life Insurance Ltd advanced as much as 2.95% to hit an intraday high of ₹460.20 apiece, following strong results in the second quarter of FY27.

The company reported a 24.8% year-on-year (YoY) surge in its standalone profit after tax (PAT) to ₹374.22 crore during the quarter under review, compared with ₹299.96 crore in Q2 FY26.

Its annualised premium equivalent (APE) rose 16.6% to ₹2,799 crore in the July-September quarter of FY27, as against ₹2,400 crore in the year-ago period, according to a regulatory filing.

The stock of Hero Motors Ltd surged as much as 7.9% to touch the session’s peak of ₹167.39 per equity share on the NSE, after the company announced its Q1 FY27 results on Tuesday night.

The company’s Q1FY27 revenue jumped 25% YoY to ₹319 crore as compared to ₹256 crore in the same period last year. On a sequential basis, the revenue remained largely unchanged compared to ₹323 crore in the previous quarter.

The powertrain solutions business delivered 25% YoY growth in revenue at ₹170.5 crore as compared to ₹135.5 crore in the same period last year. Similarly, the Alloy and Metalics segment grew 29% YoY to ₹165.9 crore for the quarter ended June 2026.

Shares of Bank of Baroda (BoB) declined as much as 4.03% to hit an intraday low of ₹228.81 per unit on the NSE amid reports of a major legal development.

Canara Bank stock rose as much as 5% after the Bank said that its net profit in the second quarter of the current financial year rose 8.4% YoY to ₹5,175 crore from ₹4,774 crore.

The jump in profit came on the back of lower provisions for NPAs. The bank made a provision of ₹1,339 crore for NPAs at the end of the September quarter compared with ₹1,504 crore it had provided in the year-ago period.