Gift Nifty Up 50 Points | TVS Motor Q2 Results | Triveni Engineering Launches Premium Whisky | Top Buzzing Stocks Today

Thu, 24 Oct Pre-Open

   Previous Close   

   10:30 am   

   Closing   

Indian benchmark indices fell as the session progressed and ended the day on negative note.

Indian benchmark equity indices, BSE Sensex, and NSE Nifty50 ended Wednesday's choppy session to settle in the negative territory.

At the closing bell on Wednesday, the BSE Sensex stood lower by 138 points (down 0.2%).

Meanwhile, the NSE Nifty closed lower by 38 points (down 0.2%).

TCS, Bajaj Auto and Tech Mahindra were among the top gainers.

NTPC, Sun Pharma and M&M on the other hand, were among the top losers.

For impact of the Bank Nifty companies and comprehensive overview of the index, check out Equitymaster's Bank Nifty Companies list.

The BSE MidCap index ended 0.5% higher and BSE SmallCap index ended 1% higher.

Sectoral indices were trading mixed today with socks in IT sector and telecom sector witnessing buying. Meanwhile stocks in power sector and healthcare sector witnessing selling pressure.

Gold prices for the latest contract on MCX were trading 0.1% higher at Rs 78,729 per 10 grams at the time of Indian market closing hours on Wednesday.

At 8:05 AM today, the Gift Nifty was trading 50 l points higher at 24,540 levels.

Indian share markets are headed for a positive start today following the trend on Gift Nifty.

Speaking of the stock market, turnaround stocks can be a goldmine, but finding the right ones can be tricky.

In this video, Rahul Shah, Co-head of research at Equitymaster shares his strategy for identifying 'good' turnaround stocks and avoiding the 'bad' ones.

Plus, he reveals 3 picks that you can keep on your watchlist.

Watch now.

Top buzzing stocks today

Amber Enterprises share price will be in focus today.

The prolonged summer this year has meant strong growth for refrigeration and air conditioning player Amber Enterprises, reflected in the September quarter earnings, which has powered the share prices to record levels, rising by 14% in trade on October 23.

The company saw a two-fold growth in the RAC segment, owing to a prolonged summer and lower inventories. The company claims to have built a stronger order book of Light Commercial ACs, and also diversified into what it calls more 'margin accretive' segments, as it focuses on increasing the localisation potential.

Diffusion Engineers will also be a top buzzing stock.

Sonata Software's stock surged 5% to Rs 613 on October 23 after the company secured a significant multi-year managed services contract from a Fortune 500 manufacturing giant.

The partnership will focus on deploying an AI-driven, scalable operational framework to accelerate the client's global expansion and digital transformation.

TVS Motor Q2 Results

The two-wheeler major reported double-digit revenue and profit growth yet fell short of some street estimates.

TVS Motor's net profit rose 23% on year to Rs 6.6 bn for the quarter ending September. It reported a net profit of Rs 5.4 bn in the year-ago period.

The company's standalone revenue from operations rose 13% to Rs 92.3 bn in Q2FY25 as against Rs 81.5 bn in the year-ago period.

TVS Motor said, in a regulatory filing, that it posted its highest-ever operating EBITDA of Rs 1,080 crore, registering a growth of 20% for the September 2024 quarter as against EBITDA of Rs 9 bn in the second quarter of FY24.

The company's operating EBITDA margin significantly improved by 70 bps at 11.7% as against 11% in the quarter ended September 2023.

For the September quarter, TVS Motor's EV sales rose by 31% YoY to 75,000 units, its highest-ever quarterly sales. Total two and three-wheeler sales, including exports, rose by 14% on year to its highest ever in a quarter.

TVS Motor Company is known for its scooter and motorcycle offerings including popular ones like TVS Jupiter, TVS Ntorq, TVS Scooty Pep+, Apache Series, TVS Sport, among others.

It currently manufactures at its manufacturing facilities located at Tamil Nadu, Karnataka and Himachal Pradesh. It's the only listed player in India in the moped segment.

To know more, check out TVS Motor Company financial factsheet.

Triveni Engineering Launches Premium Whisky

The company on Wednesday launched premium and super premium whisky brands: 'Matsya triple reserve blended whisky', and 'the crafters stamp rare artisan blended whisky', respectively in Uttar Pradesh, to enter the Indian-made foreign liquor (IMFL) market.

Triveni Engineering & Industries (TEIL) is a diversified industrial conglomerate having core competencies in the areas of sugar, alcohol, power transmission, and water.

The company holds the position of one of India's largest integrated sugar manufacturers and one of the largest ethanol manufacturers while making significant contributions in Power Transmission and in Water & Wastewater treatment solutions.

Why Nifty IT Index is Rising

Shares of information technology (IT) companies, mainly MidCap- Persistent Systems and Coforge - are in focus, as they rallied up to 12% on the National Stock Exchange (NSE) in Wednesday's intra-day trade after reporting a strong earnings for the July-September quarter (Q2) of financial 2024-25 (FY25).

Nifty IT index, the top gainer among sectoral indices, has rallied 2.8% in intra-day trade.

Mphasis and L&T Technology Services (LTTS) have gained 5% and 3.5%, respectively. Meanwhile, LTIMindtree, HCL Technologies, Tech Mahindra, Tata Consultancy Services (TCS), Infosys and Wipro are up in the range of 1% to 2%.

Although the IT sector has already outperformed Nifty last year, the brokerage firm expects overall outperformance in calendar year 2024 (CY24) as well, driven by receding headwinds and better earnings visibility. Meanwhile, thus far in the CY24, Nifty IT index has gained 13 per cent, in line with the Nifty 50.

Among the individual stocks, Persistent Systems hit a record high of Rs 5,798.70, surpassing its previous high of Rs 5,692.95 on 15 October 2024.

Coforge share also hit a record high of Rs 7,648.70, surpassing its previous high of Rs 7,580 hit on 15 October 2024.

To know what's moving the Indian stock markets today, check out the most recent share market updates here.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

Read the latest Market Commentary

Top Gainers TodayTop Gainers over 1-WeekTop Gainers over 1-MonthTop Gainers over 1-YearTop Gainers over 3-YrsTop Gainers over 5-YrsTop Losers TodayTop Losers over 1-WeekTop Losers over 1-MonthTop Losers over 1-YearTop Losers over 3-YrsTop Losers over 5-YrsOnly BuyersOnly SellersMost Active StocksMost Popular Stocks52 Week High Stocks52 Week Low Stocks

INDICESBSE (Rs 0 to 1)BSE (Rs 1 to 2)BSE (Rs 2 to 4)BSE (Rs 4 to 10)BSE (Rs 10 to 20)BSE (Above Rs 20)BSE - AllBSE-30BSE-100BSE-200BSE-500BSE AutoBSE BankexBSE Capital GoodsBSE Consumer DurablesBSE FMCGBSE HealthcareBSE ITBSE MetalBSE Oil & GasBSE PSUBSE TeckBSE RealtyBSE PowerBSE A GroupBSE B GroupBSE Mid-CapBSE Small-CapBSE Basic MaterialsBSE Consumer DiscretionaryBSE IndustrialsBSE UtilitiesBSE Sensex 50BSE Sensex Next 50BSE Bharat 22BSE 150 MidCapBSE 250 SmallCapBSE 250 LargeMidCapBSE 400 MidSmallCapBSE AllCapBSE LargeCapBSE SmallCap SelectBSE 100 LargeCap TMCBSE InfraBSE ManufacturingBSE CPSEBSE Private BankBSE Diversified FinancialsBSE MomentumBSE Low VolatilityBSE QualityBSE Enhanced ValueBSE Divident StabilityS&P BSE IPOBSE SMEIPOBSE 100 ESGBSE CarbonexBSE GreenexNSE (Rs 0 to 10)NSE (Rs 10 to 20)NSE (Above Rs 20)NSE - AllNSE-50NSE ITNSE Nifty Midcap 50NSE JR. NiftyNSE Bank NiftyNIFTY Next 50NIFTY 100NIFTY 200NIFTY 500NIFTY MidCap 100NIFTY SmallCap 250NIFTY SmallCap 50NIFTY SmallCap 100NIFTY LargeMidCap 250NIFTY MidSmallCap 400NIFTY AutoNIFTY Consumer DurablesNIFTY FinanceNIFTY FMCGNIFTY MediaNIFTY MetalNIFTY PharmaNIFTY Private BankNIFTY PSU BankNIFTY RealtyNIFTY Oil & GasNIFTY SME EmergeNIFTY CommoditiesNIFTY CPSENIFTY EnergyNIFTY India ConsumptionNIFTY InfraNIFTY MNCNIFTY PSENIFTY Serv SectorNIFTY100 Liquid 15NIFTY Midcap Liquid 15NIFTY Midcap 150 Quality 50NIFTY50 Equal WeightNIFTY100 Equal WeightNIFTY100 Low Volatility 30NIFTY100 Alpha 30NIFTY Alpha 50NIFTY Dividend Opportunities 50NIFTY High Beta 50NIFTY Low Volatility 50NIFTY200 Quality 30NIFTY 500 Value 50NIFTY 100 Quality 30SECTORSAgricultureAirlinesAluminiumAsset Management CompaniesAutomobilesAuto AncillariesBanks (Private)Banks (PSU)BankingCementChemicalsDefenceDiagnosticsDronesEngineeringElectric VehicleElectric Vehicle BatteryEnergy SourcesESGEthanolFertilizersFintechFMCGFoodGreen HydrogenHotelsInfrastructureInsuranceInvestment and FinanceInvITIT (Large)IT (Others)LogisticsMediaMetalMiningIndia's Big Tech StocksIndian PharmaMNC PharmaPSUPaintPaperPlasticPowerRating AgenciesReal EstateREITsRenewable EnergyRetailingSemiconductorShippingSteelSugarSupply ChainTelecomTextilesTravel Support Services

10 results 25 results 50 results 100 results All results

Indian Share Market Update: Top Gainers and Losers