Swiggy, Reliance Power, ITC, Kalyan Jewellers, KPI Green: Check top buzzing stocks of the day

4 min read | Updated on February 06, 2025, 12:22 IST

SUMMARY

Shares of food and grocery delivery giant Swiggy were trading in the negative territory on Thursday after the company released its financial results for the third quarter of the current fiscal year

Shares of electric power generation, transmission and distribution company Reliance Power climbed 10% on Thursday.

The benchmark equity indices on Thursday, February 6, were trading in negative, declining over 0.3% during the late morning deals.

At 12:10 PM, the S&P BSE SENSEX was trading at 78,029.67, falling 241.61 points, or 0.31%, while the NSE's NIFTY50 index was at 23,617.05, down 79.25 points, or 0.33%.

Here is a list of stocks that are buzzing in today's trade.

Swiggy: Shares of food and grocery delivery giant Swiggy were trading in the negative territory on Thursday after the company released its financial results for the third quarter of the current fiscal year.

In the early trade, the stock was down 4.14% to ₹400.75 apiece on the National Stock Exchange (NSE). During the intraday trade, shares of the firm was down 4.28% at ₹400.2 apiece on BSE.

On Wednesday, Swiggy reported that its consolidated loss widened to ₹799.08 crore for the latest December quarter, compared to ₹574.38 crore net loss in the year-ago quarter.

Revenue from operations increased 30.97% to ₹3,993.06 crore in Q3 FY24 from Rs 3,048.69 crore in the October-December quarter of FY24. Total expenses climbed to ₹4,898.27 crore from ₹3,700 crore in the corresponding period last fiscal.

Reliance Power: Shares of electric power generation, transmission and distribution company Reliance Power climbed 10% on Thursday, a day after releasing a robust set of numbers for the third quarter of the current fiscal.

The stock rose as much as 10% on Thursday to ₹43.94 per share on the National Stock Exchange. At 10:59 am, it was up 7% to 42.73 apiece.

Reliance Power on Wednesday reported a consolidated net profit of ₹41.95 crore in the latest October-December quarter on account of higher income. In the year-ago quarter, it had posted a loss of ₹1,136.75 crore. The company's total income grew by 8% to ₹2,159.44 crore in the reporting quarter, compared to ₹1,998.79 crore a year back.

Also read: Reliance Power shares rise 10% as Anil Ambani-led firm swings to black in Q3

ITC: Diversified conglomerate ITC will announce its third quarter results on 6 February. The FMCG giant is expected to post mixed results, with revenue likely to rise but net profit likely to fall.

During the intraday trade, the company was trading 1.26% lower at ₹442.60 on BSE.

Experts expect ITC's standalone revenue to grow 8-11% year-on-year to ₹17,950-₹18,420 crore, driven by stronger sales in its FMCG and cigarette businesses. However, the company's profitability may take a hit, with net profit likely to decline by 6-8% year-on-year to ₹5,100-5,230 crore.

Kalyan Jewellers: Share of Kalyan Jewellers declined 3% after the company’s promoters created additional pledge on their stake.

According to an exchange filing, the promoters of the company created an additional pledge on 2.5 crore shares of the firm, representing a 2.47% stake. With this, the total shares pledged increased from 8.5 crore to 11 crore, taking the overall stake pledged to 10.73% from 8.26%.

During the intraday trade, the company was trading at ₹551.55 on BSE, losing 2.83%.

Triveni Engineering: Triveni Engineering & Industries Ltd on Thursday said it has signed an initial pact with Rolls-Royce Marine North America Inc to explore opportunities in 4MW marine gas turbine generators.

In a regulatory filing, Triveni Engineering & Industries said it has signed a Memorandum of Understanding (MoU) with Rolls-Royce Marine North America Inc to "explore opportunities to collaborate on programmes for 4 MW marine gas turbine generators (GTG) for customers in India."

Shares of the company were trading at ₹391.40 apiece, surging 2.99% on BSE, during the intraday trade.

KPI Green: Shares of KPI Green Energy hit their upper circuit limit on Thursday after the renewable energy company released its financial results for the quarter that ended December 2024 on Thursday, February 6.

The stock rose 5% to ₹452.25 per share, its upper circuit mark, on the NSE. Its market capitalisation stood at ₹8,904.38 crore.

KPI Green Energy reported a 68.28% increase in its consolidated net profit to ₹85.15 crore in the latest December quarter compared to ₹50.6 crore in the year-ago period.

Revenue from operations rose 38.8% to ₹458.35 crore in the three months ended December 2024, compared to ₹330.11 crore a year back.

Also read: KPI Green Energy shares hit upper circuit after Q3 profit soars 68% to ₹85 crore, dividend announced

MTNL: Shares of Mahanagar Telephone Nigam Ltd (MTNL) was one of the biggest losers on the equity indices. The state-owned telecom firm was trading at ₹52.07 on BSE, tanking as much as 7.12%. On NSE, the scrip was down 7.19%.

Glaxosmithkline Pharmaceuticals: Shares of the pharma major was among the top gainers on BSE. Glaxosmithkline was trading 7.92% higher on Thursday at ₹2,149.55 apiece.

About The Author

Ahana Chatterjee is a business journalist with 7 years of experience across several leading news platforms. At Upstox, she covers stock markets and corporate news.

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Swiggy, Reliance Power, ITC, Kalyan Jewellers, KPI Green: Check top buzzing stocks of the day

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