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POST-MARKET REPORT
In a volatile session, the Indian benchmark indices extended the gains on the second straight session on October 29 with Nifty closing above 24,450, led by realty and financial stocks.
At close, the Sensex was up 363.99 points or 0.45 percent at 80,369.03, and the Nifty was up 127.60 points or 0.52 percent at 24,466.80.
SBI, Bharat Electronics, SBI Life Insurance, HDFC Life, and ICICI Bank were among the top gainers on the Nifty, while losers included Tata Motors, Dr Reddy’s Labs, Maruti Suzuki, Hero MotoCorp, and Bajaj Auto.
On the sectoral front, banks, realty, power, and capital goods were up 1-2 percent, while pharma, IT and auto were down 0.5-1 percent.
BSE Midcap and Smallcap indices rose 0.7 percent each.
STOCKS TODAY
JSW Infrastructure: Shares soared as much as 10 percent after the company reported an impressive set of earnings for the July-September quarter. The company’s net profit surged 46 percent on year to Rs 372 crore in Q2, up from Rs 254.4 crore in the year-ago period. Revenue from operations climbed 18 percent to Rs 1,001.4 crore, up from Rs 848.3 crore in Q2 of the previous fiscal.
Bharat Electronics: Shares surged 5 percent after the defence and aerospace company’s fiscal second-quarter earnings beat Street estimates, driven by better-than-expected margin performance. BEL posted a standalone net profit of Rs 1,091.27 crore in Q2FY25, a 34 percent on-year. Revenue from operations rose 14.8 percent YoY to Rs 4,583.41 crore, led by a strong order book.
Gillette India: Shares soared over 10 percent after the grooming products maker reported a 43.5 percent rise in net profit to Rs 133.01 crore for the quarter ended September 2024, led by broad-based growth. The company’s revenue from operations increased 17.11 percent YoY to Rs 781.82 crore.
Suzlon Energy: Shares fell 3 percent following its earnings results for the quarter ended September. Suzlon Energy reported a 96% jump in net profit at Rs 201 crore for the quarter ended September 30, 2024, due to record order wins and robust margins. The renewable energy firm said its revenue rose 48% to Rs 2,093 crore in Q2FY25.
Ami Organics: Shares of the company zoomed over 12 percent after reporting its September quarter results. The stock witnessed buying interest after the company registered a profit in the second quarter of FY25, compared to a loss in Q2 of FY24.
Federal Bank: The stock jumped over 8 percent after the private lender surged 11 percent on-year to Rs 991 crore. Total income also increased to Rs 7,541 crore in Q2FY25, compared to Rs 6,186 crore.