Buzzing Stocks Today: On Tuesday, November 5, the domestic equity market faced downward pressure in the afternoon session. By 12:56 pm, the S&P BSE Sensex had dropped 250.94 points, or 0.32%, to 78,531.30. Similarly, the NIFTY50 index saw a decline of 76.65 points, or 0.32%, settling at 23,918.70.
Below is a rundown of stocks actively in focus today:
Ola Electric Mobility
Ola Electric’s stock dropped 6.7% to ₹75.18 on the BSE as the company’s three-month lock-in period expired, leading to heightened selling pressure in the market.
Procter & Gamble Health
Procter & Gamble Health surged by 8.55% to a 52-week high of ₹5,730.75 after posting a strong Q2 FY25 performance. The company’s net profit grew by 25.56% YoY to ₹82.33 crore, supported by a 2.78% increase in revenue to ₹313.41 crore. Lower material and employee costs contributed to improved profitability.
Gland Pharma
Shares of Gland Pharma rose 12% to ₹1,803, driven by resilience despite reporting a 15.7% drop in Q2 profit, attributed to slower European sales and production challenges in its French unit, Cenexi. Revenue grew slightly by 2.4% to ₹1,406 crore.
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Titan Company
Titan’s stock fell by 1% to ₹3,196 on the BSE, with investors showing caution ahead of the company’s upcoming earnings report, reflecting mixed sentiment in anticipation of its September quarter results.
Trent Ltd
Trent Ltd’s shares dropped over 3% to ₹6,849.25 following news that Dodona Holdings Ltd. sold a 0.33% stake for ₹838 crore in an open market transaction, putting pressure on the stock.
Hatsun Agro Products
Hatsun Agro Products witnessed a 9% rise to ₹1,161.20, following its Q2 earnings report showing a 17% decline in net profit to ₹64.32 crore. Despite the drop, the stock saw positive movement driven by investor activity.
ABB India
ABB India reported a 21% increase in Q3 PAT, amounting to ₹440 crore due to increased revenue. Despite this, ABB shares traded nearly 5% lower at ₹7,015, reflecting cautious investor sentiment.
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Torrent Power
Torrent Power’s stock dipped over 5% to ₹1,700.75, continuing to trade lower amid broader market declines, awaiting further market reactions.
PB Fintech
Ahead of its Q2 results, PB Fintech saw its share price fall nearly 6% to ₹1,614.65, reflecting anticipatory adjustments by investors.
Tilaknagar Industries
Tilaknagar Industries soared 18.3% to an all-time high of ₹344.80 following a strong Q2 showing, where PAT excluding exceptional items rose by 82.4% YoY to ₹58.2 crore, boosting investor confidence.
Kirloskar Brothers
Kirloskar Brothers gained over 6%, trading at ₹2,055.65 after reporting a robust 90% YoY rise in consolidated PAT alongside a 13.4% increase in revenue, showing strong business growth and attracting investor interest.
Each of these stocks reflected market sentiment, driven by unique triggers including earnings outcomes, strategic shifts, and investor activity.
