Vedanta, Tata Steel, LIC, Swiggy, VA Tech Wabag, Oil India: Check top buzzing stocks of the day

The benchmark equity indices on Monday, February 10, were trading in negative, declining over 0.8% during the late morning deals.

At 12 PM, the S&P BSE SENSEX was trading at 77,211.15, falling 649.04 points, or 0.83%, while the NSE's NIFTY50 index was at 23,349.45, down 210.5 points, or 0.89%.

The stock was down 0.81% to ₹809.35 apiece on BSE at 11:30 am.

LIC posted a 17% increase in its profit after tax (PAT) to ₹11,056 crore in the latest December quarter, compared to ₹9,444 crore a year back. However, net premium income, or NPI, stood at ₹1,06,891 crore in the quarter under review, down 8.65% from ₹1,17,017 crore in the corresponding period a year ago.

The total income declined 4.92% to ₹2,01,994 crore in the third quarter of FY25 as against ₹2,12,447 crore in the same period last fiscal. During the quarter, expenses came down to ₹14,416 crore from 18,194 crore in Q3 FY24.

This funding is expected to support both state-owned telecom companies in strengthening and expanding their network infrastructure, according to a report by CNBC Awaaz.

As per the report, the approved funds will be used to enhance BSNL and MTNL’s 4G network coverage across the country.

During the intraday trade, the company was trading 4.27% higher on BSE at ₹54.43 apiece.

During the intraday trade, the company was down 3.08% to ₹371.30 apiece on BSE.

The PSU on Friday reported a 23% drop in its third-quarter net profit as the price of crude oil produced and sold fell. Net profit was ₹1,221.80 crore in October-December 2024 compared with ₹1,584.28 crore earned a year back, according to a company statement.

The nation's second-largest state-owned oil and gas producer got $73.82 for every barrel of oil produced and sold as against $84.14 per barrel realisation in October-December 2023.

However, during the intraday trade, the company was trading at ₹1,396.05 apiece, surging 2.15%.

The company, in its investor presentation, said that its consolidated profit after tax (PAT) stood at ₹70.2 crore, up 11.6% year-on-year (YoY), while EBITDA or earnings before interest, taxes, depreciation, and amortisation, for the quarter under review came in at ₹105.1 crore, up 6.3% YoY.

However, its EBITDA margin dropped to 13% from 14% registered in the year-ago period. Its revenue increased by 15.1% YoY to ₹811 crore.

Alkem had announced the acquisition of Adroit Biomed, a dermatology and cosmetology-focused company, and Bombay Ortho Industries, a medical technology firm, in two separate deals on Friday.

The company on Friday said its consolidated net profit increased 5% to ₹626 crore in the third quarter ended December 2024, aided by higher sales. The drug maker reported a net profit of ₹595 crore for October-December period last fiscal year. Its revenue from operations rose to ₹3,374 crore in the third quarter as compared with ₹3,324 crore in the year-ago period.

During the intraday trade, the Alkem was down 6.31% on BSE at ₹4,829.60 apiece.

Shares of Zaggle was trading at ₹424.30 apiece tanking 10% on BSE.

Revenue from operations for Q3 FY25 came in at ₹336.8 crore, a 68.8% uptick from ₹199.5 crore in the year-ago quarter. Revenue increased 11.3% quarter-on-quarter.

Mazagon Dock reported a 28.8% increase in its consolidated net profit to ₹807 crore as compared to ₹627 crore. Revenue from operations grew 33% to ₹3,144 crore in the October-December FY25. The company’s revenue during Q3FY24 stood at ₹2,362 crore.

Its earnings before interest, taxes, depreciation and amortization (EBITDA) saw a 51.5% jump to ₹817 crore in the reporting quarter as against ₹539 crore corresponding quarter last financial year. Mazagon Dock’s EBITDA margin advanced by 317 basis points (bps) to 26% in Q3FY25 as compared to 22.8% in Q3FY24.

During the intraday trade, the scrip was trading at ₹2,425.40 on BSE, soaring 8.97%.

Reacting to the announcement, the Nifty Metal Index dropped 2.65% lower at 11:57 am on Monday, becoming the biggest sectoral loser of the day. Meanwhile, the NIFTY 50 index was trading in the negative, down 176.65 points or 0.75%, at 23,559.95.

The stocks that were hit the most included Vedanta Ltd (down 4.55%), Steel Authority of India Ltd (down 4.36%), Tata Steel Ltd (down 3.19%), National Aluminium Co. Ltd (down 2.86%) and NMDC (down 3.47%).