The benchmark equity indices on Tuesday, February 4, were trading in green, rising nearly 1%, during the late morning deals.
At 12 PM, the S&P BSE SENSEX was trading at 77,813.76, up 627.02 points, or 0.81%, while the NSE’s NIFTY50 index was at 23,536.05, rising 175 points, or 0.75%.
Here is a list of stocks that are buzzing in today’s trade.
NLC India: Shares of NLC India surged over 10% after the company reported more than double profit for its December quarter earnings.
The company’s consolidated revenue rose 39% year-on-year (YoY) to ₹4,411 crore from ₹3,164 crore same period last fiscal year. NLC India’s net profit surged 167.2% YoY to ₹668 crore from ₹250 crore in the corresponding quarter of the previous year.
During the intraday trade, the PSU firm was trading at ₹232.50 apiece, soaring 10.06% on BSE.
L&T: The infrastructure major firm secured a major order from a steel producer in MENA region on Tuesday. This led the company shares rally on the equity indices.
At 11:30 AM, the company was trading 3.40% advanced on BSE at ₹3,399.10 apiece.
The company will set up a Pellet Plant and a Direct Reduction of Iron (DRI) plant for a client in the Middle East & North Africa (MENA) region.
Tata Motors: The auto maker’s shares rallied on Tuesday as various analysts kept their outlook strong for the company.
During the intraday trade, Tata Motors was trading 3.40% higher at ₹710.85 on BSE.
Castrol India: Shares of Castrol India rallied as much as 9.19% in the early morning trade to ₹192.90 apiece on the BSE, a day after the company reported its December quarter (Q3 FY25) results.
The company had posted a PAT of ₹242 crore in the October-December period of 2023, Castrol India said. The company follows the January-December period as its financial year. Revenue from operations rose 7% to ₹1,354 crore for the reporting quarter.
During the intraday trade, its shares were trading at 5.26% up at ₹185.95 on BSE.
Premier Energies: Shares of solar cell and module manufacturer Premier Energies Ltd rallied up to 9% after the company reported a more than five-fold jump in net profit for the third quarter of FY 2024-25.
The stock opened sharply higher and rose further 9.3% to hit a high of ₹1,170 per share on the NSE. However, during the intraday trade, the company gave up the early gains and was trading 4.18% lower at ₹1,025.65 on NSE.
Premier Energies reported a 490% jump in its consolidated net profit to ₹254.90 crore for the October-December quarter of FY 2024-25 compared to ₹43.15 crore in the year-ago period.
The consolidated total income of the company surged by around 144% to ₹1,749.38 crore in the third quarter of FY25 compared to ₹714.73 crore in the year-ago period.
Divi’s Lab: Shares of Divi’s Laboratories on Tuesday surged as much as 5% during the morning trade as the company reported strong December quarter numbers.
At 11:50 AM, the company was trading at ₹6,086.85 apiece, rising 3.35% on BSE.
The active pharmaceutical ingredients manufacturer posted a 64.52% increase in its consolidated profit after tax (PAT) to ₹589 crore in the quarter ended December 2024. In the year-ago period, the net profit was ₹358 crore.
Revenue from operations surged 25% to ₹2,319 crore in the third quarter of the financial year 2024-25, compared to ₹1,855 crore a year back.
RedTape: Shares of the shoe manufacturing firm rallied nearly 9% as it announced a bonus share issue for its shareholders, fixing January 3 as the record date.
Redtape had announced the allotment of 41,46,05,700 bonus shares in the proportion of 3:1, i.e., three new fully paid-up equity shares of ₹2 each for every one existing fully paid-up equity share of ₹2, to eligible shareholders as of the record date, Tuesday, February 4, 2025.
During the intraday trade, shares of the company zoomed 8.95% on BSE to ₹197.20.
Thomas Cook: Omnichannel travel services company Thomas Cook (India) reported a 47.7 % decline in consolidated net profit to ₹47.3 crore in the December quarter, impacted by higher expenses.
The company posted a consolidated net profit of Rs 90.53 crore in the same period in the last fiscal year.
Shares of the company plunged 12.19% on BSE to ₹142.99 apiece on Tuesday.
Consolidated income from operations during the quarter under review stood at ₹2,061.01 crore as compared to ₹1,893.13 crore in the year-ago period, it added.
Total expenses in the quarter were higher at ₹2,008.12 crore as compared to ₹1,834.02 crore in the same quarter of the last fiscal year.
