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  5. SENSEX, NIFTY50 erase gains; MRPL, Sunteck Realty, Vascon Engineering, BEL among buzzing stocks

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SENSEX, NIFTY50 erase gains; MRPL, Sunteck Realty, Vascon Engineering, BEL among buzzing stocks

Upstox
By Upstox News Desk

4 min read | Updated on September 29, 2025, 13:28 IST

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SUMMARY

Shares of Vascon Engineers surged up to 14% to a 52-week high of ₹65.95 on Monday, September 29, after the company signed a Memorandum of Understanding (MoU) with Adani Infra (India) to serve as its execution partner under a five-year early engagement model.

Vascon aims to collaborate with the Adani Group on projects expected to contribute an additional 30% of its annual turnover. Image: Shutterstock

MRPL shares rose as much as 8.01% to hit an intraday high of ₹137.60 on NSE on heavier than usual trading volumes. Image: Shutterstock

The Indian equity benchmarks erased intraday gains in noon deals on Monday, September 29, dragged down by losses in index heavyweights like Axis Bank, Larsen & Toubro, ICICI Bank, Maruti Suzuki, Kotak Mahindra Bank and Bharti Airtel. The SENSEX fell as much as 483 points from the day's highest level and NIFTY50 index touched an intraday low of 24,643 after hitting high of 24,791.

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As of 12:10 pm, the SENSEX was down 68 points at 80,358 and NIFTY50 index declined 17 points to 24,637.

Here are buzzing shares in Monday's session:
Mangalore Refinery and Petrochemicals Limited (MRPL): Shares of MRPL rose as much as 8.01% to hit an intraday high of ₹137.60 on the National Stock Exchange (NSE) on the back of heavier than usual trading volumes.

Trading volume in MRPL shares spiked by 6.4 times on the NSE to 87.06 lakh shares compared with an average trading volume of 13.54 lakh shares.

On the BSE, as many as 7.01 lakh shares changed hands compared with an average of 1.04 lakh shares traded daily in the past two weeks.

HDB Financial Services: Shares of HDB Financial Services fell as much as 2.22% to hit an intraday low of ₹739 on the NSE. The stock fell below its initial public offering (IPO) price of ₹740 after its mandatory lock in period came to an end.
CNBC TV18 citing Nuvama Alternative & Quantitative Research reported that as many as 2.28 crore shares of HDB Financial Services got free for trading on Monday.
Bharat Electronics, Bharat Dynamics: Shares of Bharat Electronics Ltd (BEL) and Bharat Dynamics Ltd (BDL) gained more than 2% in Monday’s trade after the Indian Army issued a tender worth nearly ₹30,000 crore for the procurement of the indigenously developed ‘Anant Shastra’ surface-to-air missile systems.

BEL rose as much as 3% to hit an intraday high of ₹405.75, while BDL advanced 2.08% to ₹1,529 on the National Stock Exchange.

According to an ANI report, the Army plans to acquire five to six regiments of the ‘Anant Shastra’ missile weapon system, also known as the Quick Reaction Surface-to-Air Missile (QRSAM), with BEL designated as the lead integrator. The project, cleared earlier this year by the Defence Acquisition Council, is aimed at bolstering India’s air defence capabilities along sensitive borders with Pakistan and China.
Sunteck Realty: Sunteck Realty shares advanced as much as 8.64% to ₹445 apiece on the NSE on Monday, September 29, as the realty major has entered the ultra-luxury housing segment to meet rising demand with plans to launch two new projects in Mumbai and Dubai by June next year with an estimated revenue of ₹20,000 crore.

Sunteck Realty will develop these ultra-luxury housing projects under a by-invite-only real estate lifestyle brand, 'Emaance'.

Vascon Engineers: Shares of Vascon Engineers surged up to 14% to a 52-week high of ₹65.95 on Monday, September 29, after the company signed a Memorandum of Understanding (MoU) with Adani Infra (India) to serve as its execution partner under a five-year early engagement model.

As part of the MoU, Vascon will partner with Adani on select earmarked projects from the design stage, enabling seamless integration of planning and execution. Currently, three projects in Mumbai, covering around 13.15 million sq. ft., have been identified under this model.

Oil India: Shares of Oil India Ltd (OIL) advanced as much as 3.12% to an intra-day high of ₹423 apiece on the National Stock Exchange (NSE) on Monday, September 29.

This follows the company's discovery of natural gas reserves off the Andaman Islands, marking the first reported occurrence of hydrocarbon during the ongoing exploration campaign in the Andaman Shallow Offshore Block.

Oil India reported the occurrence of natural gas in its second exploratory well, Vijayapuram-2, which was drilled in the offshore Andaman block AN-OSHP-2018/1, the firm said in a regulatory filing dated Friday.
Atlanta Electricals: Shares of transformer manufacturer Atlanta Electricals made a strong debut on the stock exchanges on Monday, September 29.

The stock started trading at ₹857 per share on the National Stock Exchange (NSE), reflecting a premium of 13.66% over the IPO issue price of ₹754 a unit.

On the BSE, it started trading at ₹858.10, up 13.81% from the issue price.

The initial public offering fetched bids for 46,17,87,742 shares, translating to 70.63 times subscription as against 65,38,439 shares on offer, according to the data available on the NSE website.

Disclaimer: This article is purely for informational purposes and should not be considered investment advice from Upstox. Please consult with a financial advisor before making any investment decisions.
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