Buzzing Stocks: The domestic stock market was under pressure in the afternoon deals on Friday, October 11. At 12:48 pm, the S&P BSE SENSEX was trading at 81,380.54 levels, down 231 points, or 0.28%, while the broader NIFTY50 index was trading at 24,952.40, down 46 points, or 0.18%.
Here is a look at the top buzzing stocks of the day.
Usha Martin: Shares were trading over 13% higher at ₹416.75 apiece on the BSE owing to a sharp surge in trading volumes. The stock hit a record high of ₹433.70 on the BSE.
Bandhan Bank: Shares of
Bandhan Bank surged as much as 11.58% to hit a high of ₹209.50 apiece on the BSE on Friday, October 12.
The investors rejoiced and welcomed the news that the Reserve Bank of India (RBI) has granted its prior approval to the bank for the appointment of Partha Pratim Sengupta as the MD and CEO of the bank for a period of three years.
Cummins India: The stock was down 5% at ₹3,592 on the BSE as Goldman Sachs, as per reports, has raised concerns regarding the company's prospects.
"The CPCB-IV transition has made diesel gensets 15-25% more expensive, and with competitors introducing more SKUs in high KVA gensets, Goldman Sachs does expect incremental market share gains for Cummins, but that may happen at the expense of profitability," said a report by CNBC-TV18.
Moreover, a weak macroeconomic environment and stringent emission norms are likely to limit export growth rates for the company, the global brokerage notes.
Adani Enterprises: Shares of
Adani Enterprises were trading over 1% lower at ₹3,140.50 apiece on the BSE. The company on Wednesday approved a ₹16,600 crore share sale to large investors via QIP.
TCS: Shares of Tata Consultancy Services were trading in the negative territory on Friday as the company missed analysts' estimates on profit and margins. The stock was trading nearly 2.5% lower at ₹4,126.50 on the BSE.
Tata Elxsi: The stock was down 0.33% at ₹7,737.10 on the BSE as the company on Thursday reported a 14.7% year-on-year (YoY) growth in net profit to ₹299.4 crore for the second quarter of FY25. The company’s revenue from operations increased by 8.3% YoY to ₹955.1 crore.
Ahluwalia Contracts: The company announced the receipt of an order from DLF City Centre. The total contract value is approximately ₹1,095 crore, excluding GST and labour cess. Shares were trading nearly 0.5% lower at ₹1,103.
Ashoka Buildcon: The company has been declared as the lowest bidder (L-1) for a Brihanmumbai Municipal Corporation project. The cost of the project is ₹918 crore, excluding GST.
Just Dial: Shares were trading flat with a positive bias at ₹1,270.20 apiece on the BSE. The company is slated to announce its Q2 earnings today.
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