Stock market today: The bulls were dominant for the fifth straight session on Friday, March 21, as healthy buying was witnessed in almost all sectors.
The market looked poised to end higher for the fifth day.
At 12:57 PM, the S&P BSE SENSEX was trading at 77,026.13, up 678.07 points, or 0.89%, while the NSE's NIFTY50 index was trading at 23,398.65, up 208 points, or 0.9%.
The second-rung stocks, too, trading with impressive gains.
The BSE MidCap index was trading at 41,790.34, up 430.64 points, or 1.04%, while the BSE SmallCap index was trading at 47,124.68, up 780.09 points, or 1.68%.
Here is a list of stocks that are buzzing in today's trade.
TVS Motor Company: Shares of the leading two- and three-wheeler company jumped as much as 4.09% to ₹2,442.90 apiece on the BSE after the company on Thursday said its board of directors has approved an interim dividend payout of ₹10 per share.
In a stock exchange filing, the company said, “The Board of Directors at its meeting held today declared an interim dividend of ₹10/- per share (1000%) on 47,50,87,114 equity shares of ₹1/- each fully paid up, absorbing a sum of ₹475 crore, for the financial year ending 31st March 2025.”
The record date for determining the eligibility of shareholders for payment of the second interim dividend is March 26, 2025.
BHEL: Shares of the PSU were trading 2.75% higher at ₹212.21 apiece on the NSE after the state-run entity informed exchanges that it received a letter of intent from Gujarat State Electricity Corporation Limited (GSECL) for an order worth ₹7,500 crore.
The company won the order through international competitive bidding, and it has to execute it within 54 months.
READ MOREOla Electric Mobility: Shares of the company were trading over 9% higher at ₹56.38 apiece on the NSE after the company clarified the February sales figure mismatch.
According to the PTI, the total February registrations by
Ola Electric stood at 8,652 on the Vahan portal, while the company had reported sales of more than 25,000 units. Following this, the Ministry of Heavy Industries directed the Automotive Research Association of India (ARAI) to probe the incident.
Following this, in an exchange filing, Ola Electric said that false narratives are being spread about the company's February 2025 sales data. The EV maker stated that its sales are strong and there was a temporary backlog last month due to ongoing negotiations with vendors managing vehicle registrations.
Tejas Networks: Shares of the telecom equipment and accessories company jumped as much as 17.7% to ₹835.75 apiece on the BSE. The stock witnessed a spurt in volume by more than 2.32 times on the BSE.
Jupiter Wagons: Shares of the railway wagons manufacturer were trading around 12% higher at ₹350.80 apiece on the BSE.
On Wednesday, the company, in its press release, said that the Republic of Slovakia officially inaugurated its Honorary Consulate in Kolkata, reinforcing its commitment to enhancing bilateral trade, industrial collaboration, and diplomatic engagement with India, and Vivek Lohia, Managing Director of Jupiter Group, has been appointed as the Honorary Consul General of the Slovak Republic in Kolkata.
VA Tech Wabag: The stock was trading 7.67% higher at ₹1,490.10 apiece on the NSE, as the company announced the signing of non-binding term sheet for a dedicated platform (‘Municipal Platform’) to focus on the development of capital projects for the municipal sector. The Municipal Platform will commit equity investment of up to $100 million in capital projects over a three- to five-year period.
Bajaj Finance: Shares of Bajaj Finance rallied as much as 4.7% to ₹9,089 apiece on the NSE as the company on Thursday announced Anup Kumar Saha as its managing director, replacing Rajeev Jain.
The company added that Jain will be re-designated as its vice chairman for three years, effective April 1. Saha, who currently serves as the deputy managing director, will also take on his new role starting April 1 until the end of his tenure on March 31, 2028.
Saha joined
Bajaj Finance in 2017. He has served 25 years in the financial services industry, of which 14 years were with ICICI Bank and 11 years with non-bank entities.
READ MOREManappuram Finance: Shares of Manappuram Finance rose as much as 7.58% to hit a record high of ₹234 apiece on the NSE on Friday, March 21, as the company on Thursday, post-market hours, announced that global private investment firm Bain Capital will acquire an 18% stake in the gold loan financier for ₹4,385 crore.
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Amber Enterprises: Shares were trading 3.84% lower at ₹6,962.75 apiece on the BSE after rallying in previous sessions. The stock is a part of the BSE 500 universe.
NALCO: Shares of National Aluminium Company (NALCO) were trading 3% lower at ₹185 apiece on the BSE. The stock has gained 27.01% in a year, BSE data show.
TBO Tek: Shares of the company were trading nearly 4% lower at ₹1,221.05 apiece on the NSE. In the morning, reports said that Augusta TBO Singapore Pte Ltd and TBO Korea Holdings Ltd were planning to sell a 3.1% stake in the company via a ₹400 crore block deal, CNBC-TV18 reported, quoting sources.
The report said that the offer floor price has been fixed at ₹1,180 per equity share, representing a 2.36% discount from the current market price.
As of December 31, 2024, August TBO (Singapore) owned a 9.71% shareholding in the company, while TBO Korea Holdings held a 5.5% stake.
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