SENSEX falls over 600 points, NIFTY50 below 24,800; Pfizer, DLF, Coal India among buzzing stocks; check full list

The Indian equity benchmarks extended losses in noon deals on Tuesday, May 20, owing to selling pressure in index heavyweights like HDFC Bank, ICICI Bank, Eternal, Reliance Industries, Mahindra & Mahindra, Maruti Suzuki and Bajaj Finance. The SENSEX fell as much as 603 points and NIFTY50 index touched an intraday low of 24,780. As of 1:12 pm, the SENSEX was down 574 points at 81,485 and NIFTY50 index dropped 152 points to 24,793. NIFTY Bank index was the top drag among the sectoral gainers, the measure of banking stocks fell 393 points to 55,027.

Pfizer post market hours on Monday reported that its net profit in January-March quarter jumped 85% to ₹331 crore from ₹179 crore in the same period last year.

The sharp jump in the profit came on the back of an exceptional item of ₹173 crore arising out of sale of building constructed on MIDC Land at Thane to Zoetis Pharmaceutical Research Private Limited, for a lumpsum consideration of ₹264.40 crore.

Pfizer's revenue from operations rose 8% to ₹592 crore as against ₹547 crore in the year-ago period.

Operationally Pfizer reported stable performance in March quarter as its EBITDA rose 20% to ₹228 crore and its EBITDA margin improved by 370 basis points to 38.44% from 34.70% in the same period last year.

Its revenue from operations jumped 47% to ₹3,128 crore as against ₹2,135 crore in the year-ago period.

The Gurugram-based real estate developer posted stable operational performance in fourth quarter of financial year 2024-25 as its operating profit also known as earnings before interest, taxes, depreciation, and amortisation (EBITDA) rose 30% to ₹979 crore.

Speaking to reporters on the sidelines of the CII Mining and Construction Equipment Summit, Coal India Ltd (CIL) Director of Business Development Debasish Nanda said, "We are going to file DRHP soon. We are working on that."

According to the block deal data available on the National Stock Exchange (NSE), Kotak Mahindra Mutual Fund (Kotak MF) purchased 26.97 lakh shares, or a 6.59% stake, in two tranches in Gujarat-based Ami Organics.

The shares were acquired at an average price of ₹1,115 apiece, taking the combined transaction value to ₹300.81 crore.

In the opening deals, the stock tanked as much as 14.12% to ₹981.55 on the BSE. The stock witnessed a spurt in volume by more than 3.74 times on the BSE in the early trade. At the time of writing this article, the total traded quantity (TTQ) on the BSE stood at 4.63 lakhs against the two-week average quantity of 0.92 lakhs.

Shares of the company came under selling pressure after the company on Sunday, May 18, informed stock exchanges that it had lost the bid proposal for the PAN 2.0 project.

In the run up to earnings shares of BEL staged a strong up move, the stock rose for six sessions in a row to hit fresh 52-week high of ₹373 in the previous session, data from the National Stock Exchange showed.

Bharat Electronics reported net profit of ₹2,127 crore in fourth quarter of financial year 2024-25, marking an increase of 18% from ₹1,797 crore during the same period last year.