Eicher Motors, Paytm, Banco Products (India), Jio Financial: Check top buzzing stocks of the day

2 min read | Updated on November 14, 2024, 13:36 IST

SUMMARY

Markets are trading flat in the mid-afternoon hours, with NIFTY50 trading around the 23,550 level. Eicher Motors, Jio Financial, and Banco Products are in the news today.

Banco Products hits 20% upper circuit after its board approved 1:1 bonus issue

Buzzing Stocks: Benchmark indices are trading lower in the mid afternoon trading session on Wednesday, November 14.

At 12:30 pm, the S&P BSE SENSEX was trading at 78,545 levels, down 145 points, or 0.19%, while the NSE's NIFTY50 index was trading at 23,531, down 27 points, or 0.12%.

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

Eicher Motors: Shares of Royal Enfield-maker jumped more than 7% in today’s trading session, with a day high of ₹4,973 per share after reporting robust Q2FY25 earnings. Royal Enfield-maker's consolidated PAT surged 8% to ₹1,100 crore in the latest July-September quarter. The automaker reported a post-tax profit of ₹1,016 crore in Q2 FY24.

ALSO READ | Swiggy stock trades in red after rising over 25% from issue price

Banco Products (India): Shares of auto ancillary company were locked in at 20% upper circuit today at ₹839 per share after its board recommended bonus shares in the ratio of 1:1. The auto ancillary company also reported robust Q2 earnings, with highest-ever quarterly net profit of ₹139 crore, up 110% YoY. Meanwhile, consolidated revenue grew to ₹895 crore from ₹725 crore in Q2 FY24, a 23.51% YoY rise.

Deepak Nitrite: Shares of speciality chemical maker rose over 6% to a intraday high of ₹2,667 per share after reporting mixed Q2 earnings. The company reported double-digit rise in revenue but a decline in net profit and EBITDA during the September quarter. The company's net profit dropped by 5.3% year-on-year to ₹194.2 crore, while its revenue stood at ₹2,032 crore, up 14% YoY.

Jio Financial, Paytm, Zomato rise on F&O inclusion

Shares of Jio Financial Services, Paytm and Zomato rose between 5 to 7% today after the National Stock Exchange (NSE) announced F&O contracts for these companies starting from November 29, 2024.

Total of 45 new stocks will have F&O contracts, including Adani Green Energy, BSE Limited, Delhivery, Avenue Supermarts, Varun Beverages.

About The Author

Sreenivas Ajankar is a Deputy Editor at Upstox. He has over nine years of experience in capital markets and has been associated with Upstox since April 2022. Previously, he worked as a Lead Equity Analyst. His primary expertise lies in equity research and analysis. His areas of expertise include stock investment and analysis and business valuation.

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