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  1. Wockhardt, Kalyan Jewellers, L&T, Ola Electric, JSPL: Check top buzzing stocks of the day

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Wockhardt, Kalyan Jewellers, L&T, Ola Electric, JSPL: Check top buzzing stocks of the day

Ahana Chatterjee - image.jpg

6 min read | Updated on January 31, 2025, 12:14 IST

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SUMMARY

Shares of Kalyan Jewellers were trading at ₹489.85 apiece, rising 11.25% on BSE during the intraday trade

Shares of Ola Electric were trading at ₹75.72 apiece on BSE, surging 13.27% on BSE.

Shares of Ola Electric were trading at ₹75.72 apiece on BSE, surging 13.27% on BSE.

The benchmark equity indices on Friday, January 31, were trading in the green, rising over 0.64%, during the late morning deals.

During noon, the S&P BSE SENSEX was trading at 77,200,74, advancing 440.93 points, or 0.57%, while the NSE's NIFTY50 index was at 23,424.95, rising 174.50 points, or 0.75%.

Here is a list of stocks that are buzzing in today's trade.
Wockhardt: Shares of the pharmaceuticals firm rose as much as 10% on both the equity benchmark indices as its widely-tracked discovery product Zaynich has achieved a 96.8% efficacy in the Phase III study for a complicated Urinary Tract Infection.

Wockhardt was trading at ₹1415.60, surging 10% on BSE. The stock was trading 9.93% higher on the NSE at ₹1,416 apiece.

“Such combined efficacy (achieving clinical cure and microbiologic cure) of Zaynich is highest ever among all the FDA-approved novel antibiotics developed in last more than 10 years,” the company said in a regulatory filing on Friday.

Kalyan Jewellers: Thrissur-headquartered jewellery retailer on Thursday posted a 21.16% rise, year-on-year (YoY), in its consolidated net profit for the December 2024 quarter (Q3FY25). During the quarter under review, profit came at ₹218.82 crore as against ₹180.61 crore in the year-ago period.

Shares of the company were trading at ₹489.85 apiece, rising 11.25% on BSE during the intraday trade.

The Kalyan Jewellers' revenue from operations jumped 39.51% to ₹7,286.88 crore in Q3FY25 from ₹5,223.08 crore in the corresponding period last year.

L&T: Shares of Engineering and construction major Larsen & Toubro (L&T) jumped as much as 4.44% to ₹3,572.95 apiece on the NSE on Friday, January 31.

The company reported a mixed set of numbers on Thursday, for the quarter ending December 31, 2024 (Q3FY25). The infrastructure major reported receiving its highest-ever quarterly order; however, the company's operational performance remained below Street estimates.

At 11:20 AM, the company was trading 3.81% higher on BSE at ₹3,550 apiece.

L&T achieved consolidated revenue of ₹64,668 crore for Q3FY25, registering a YoY growth of 17%. Its EBITDA increased by 8.6% YoY to ₹6,255 crore.

Navin Fluorine: Shares of Navin Fluorine on Friday rallied over 9% on the equity benchmark indices as the investors gained confidence after the third quarter earnings numbers.

During the intraday trade, the shares of the company were trading 9.35% higher at ₹4,273.65 apiece on the NSE.

On Thursday, the chemical manufacturing company posted a 7.2% rise in consolidated net profit to ₹83.6 crore for the third quarter of FY25. EBITDA surged 94.8% to ₹147.3 crore from ₹75.6 crore a year ago, reflecting improved operational efficiency.

Ola Electric: Shares of Ola Electric zoomed as much as 13% on Friday as the data from VAHAN showed the company gained market shares in January.

According to VAHAN data, the company’s market share at the end of January stood at 30%, which is an increase from the 19% level last month.

Shares of Ola Electric were trading at ₹75.72 apiece on BSE, surging 13.27% on BSE.

The company on Friday launched its S1 Gen 3 portfolio. Built on the advanced Gen 3 platform, the new portfolio will start at ₹79,999 for S1 X (2kWh) and go up to ₹1,69,999 for the S1 Pro+ 5.3kWh.

JSPL: Shares of Jindal Steel and Power (JSPL) on Friday plunged over 12% during early trade on both the equity benchmark indices as the company failed to impress investors with its December quarter earnings.

At 11:25 am, the stock was trading at ₹770.15 on BSE, tanking 8.25%. On NSE, the scrip was down 8.39% at ₹769.55.

The metals major reported a 51% fall year-on-year in its consolidated net profit for Q3FY25 at around ₹951 crore, even as revenues increased slightly, and both production and sales increased during the quarter. JSPL’s consolidated revenue rose slightly on-year to around ₹11,751 crore, while the adjusted EBITDA declined by nearly 24% YoY to ₹2,133 crore.

Bank of Baroda: Public sector lender Bank of Baroda slipped to its 52-week low on the indices after the company reported its October-December quarter earnings.

At 11:25 am, the stock tumbled 4.52% to ₹212.40 apiece on BSE. The scrip touched its 52-week low of ₹211.10 during the intraday trade.

Bank of Baroda’s net profit rose by 5.6% year-on-year (YoY) to ₹4,837 crore during the Q3FY25, driven by robust growth in non-interest income covering fees, commissions, and treasury.

Whirpool: Home appliances maker Whirlpool of India’s parent Whirlpool Corp intends to reduce its stake in the company to about 20% this year via market sale.

Shares of the company slipped 8.75% on BSE at ₹1,151.75 during the intraday trade.

Whirlpool Corporation announced its quarterly results.

Praj Industries: Shares of Praj Industries traded almost 5% lower on Friday after the company reported a 22.18% decline in its quarterly standalone net profit for Q3FY25.

However, net sales of the company stood at ₹739.37 crore during the quarter under review, rising 3.1% from ₹717.14 crore in Q3FY23.

The scrip was trading at ₹603.15 apiece on BSE, tanking 4.96% during the intraday trade.

During the quarter, EBITDA was at ₹87.93 crore, down 15.23% from ₹103.73 crore in December 2023.

JBM Auto: Shares of JBM Auto Ltd surged over 9% in the opening session on Friday, January 31, after the stock started trading ex-split for the 1:2 share split.

The JBM Auto stock shot up as much as 9.4% to hit the day’s high of ₹824 apiece on the NSE in early deals. By 12 PM, the stock on BSE traded at ₹791.75 apiece, up 5.27%.

In October 2024, the Board of Directors of JBM Auto had approved splitting the company’s one share of face value of ₹2 each into two shares of a face value of ₹1 each. The record date for the 1:2 stock split was set as January 31, 2025.

About The Author

Ahana Chatterjee - image.jpg
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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