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  5. Sula Vineyards, Greaves Cotton, Reliance Power, Suzlon Energy, Hyundai Motor India: Check top buzzing stocks of the day

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Sula Vineyards, Greaves Cotton, Reliance Power, Suzlon Energy, Hyundai Motor India: Check top buzzing stocks of the day

Upstox
By Upstox News Desk

4 min read | Updated on November 13, 2024, 12:52 IST

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SUMMARY

At 12:36 pm, the S&P BSE SENSEX was trading at 78,175.28 levels, down 500 points, or 0.64%, while the NSE's NIFTY50 index was trading at 23,699.15, down 184 points, or 0.77%.

Stock list

RPOWER
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SUZLON
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HYUNDAI
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RTNINDIA
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Shares of Greaves Cotton tumbled as much as 13.66% to ₹154.50 apiece on the BSE

Shares of Greaves Cotton tumbled as much as 13.66% to ₹154.50 apiece on the BSE

Buzzing Stocks: Stocks continued their traditional trend in the afternoon deals on Wednesday, November 13. 

At 12:36 pm, the S&P BSE SENSEX was trading at 78,175.28 levels, down 500 points, or 0.64%, while the NSE's NIFTY50 index was trading at 23,699.15, down 184 points, or 0.77%. 

Here is a list of stocks that are buzzing in today's trade. 
Reliance Power: Shares of Reliance Power were locked in the lower circuit limit of 5% at ₹36.56 apiece on the BSE. 

The company posted a consolidated net profit of ₹2,878.15 crore in the July-September quarter of this financial year.

The company had reported a net loss of ₹237.76 crore in the quarter ended September 30, 2023.

Total income of the company dipped to ₹1,962.77 crore in the quarter under review from ₹2,116.37 crore in the same period a year ago.

Suzlon Energy: The stock was trading around 7% lower at ₹55.28 on the BSE. The company's consolidated net profit almost doubled to ₹201 crore in the September quarter compared to the year-ago period.
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KNR Constructions: Shares of the company surged as much as 14.25% to ₹324.65 apiece on the BSE. The company last week reported over 40% rise in its consolidated net profit to ₹12.37 crore for the September 2024 quarter.
Piramal Pharma: The stock was trading 5.71% higher at ₹264.85 on the BSE. The company in October reported over a four-fold increase in consolidated net profit at ₹23 crore for the second quarter ended September.

The Mumbai-based company had reported a net profit of ₹5 crore in the July-September quarter of last fiscal.

Revenue from operations rose to ₹2,242 crore in the second quarter compared with ₹1,911 crore in the year-ago period. 

Greaves Cotton: Shares of Greaves Cotton tumbled as much as 13.66% to ₹154.50 apiece on the BSE. In Q2 FY25, Greaves Cotton achieved a consolidated revenue of ₹705 crore, while standalone revenue saw a growth of 2%, reaching ₹468 crore. Excel contributed ₹61 crore to the quarterly revenue.

For the first half of FY25, consolidated revenue reached ₹1,345 crore, with standalone revenue at ₹912 crore—a 7% year-over-year increase. EBITDA for H1 FY25 stood at ₹109 crore, with profit before tax (PBT) reaching ₹106 crore on a standalone basis.

Rattanindia Enterprises: Shares of Rattanindia Enterprises were trading nearly 7.5% lower at ₹62.91 apiece on the BSE. The company reported a loss in the second quarter of this financial year after reporting a fivefold rise in profit in the first quarter.

The company focusing on the energy sector recorded a consolidated net loss of ₹241.59 crore for the quarter ended September, compared to a profit of ₹140.48 crore in the same quarter of the previous fiscal year.

ALSO READ | BSE shares have soared over 110% YTD; does solid Q2 numbers mean more upside?
PNB Housing Finance: Shares of PNB Housing Finance slumped as much as 8.39% to ₹904.50 apiece on the BSE in the morning trade on Wednesday, November 13, as according to news reports, a total of 2.5 crore shares, or 9.5% equity of the company worth ₹2,300 crore, changed hands in the block deal window.
On Tuesday, CNBC-TV18 reported that Quality Investment Holdings PCC was to sell a 9.43% stake in PNB Housing Finance, amounting to 2.45 crore shares, at an offer price of ₹939.3 per share. 
Sula Vineyards: Shares were trading 6% lower at ₹391.70 apiece on the BSE as India's biggest winemaker, Sula Vineyards, reported a 37% fall in second-quarter profit on Tuesday as a slowdown in discretionary spending, especially in urban areas, dampened demand.

"Q2 was a subdued quarter, due to a slowdown in consumer discretionary demand, particularly in urban areas where 90% of our sales are concentrated," Chief Executive Officer Rajeev Samant said in a statement.

Hyundai Motor India: Shares of Hyundai Motor India were trading 4% lower at ₹1,731.90 per unit on the BSE. The company on Tuesday reported a 16% decline in consolidated profit after tax at ₹1,375 crore for the second quarter ended September 2024, hit by weak market sentiments and geopolitical factors.

The automaker had reported a consolidated profit after tax (PAT) of ₹1,628 crore in the July-September quarter of the last fiscal.

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