Shares of Ola Electric, Sona BLW, Onesource Specialty Surge on Volume Spike
On Tuesday, October 27, the SENSEX traded within a 475‑point band while the NIFTY50 index touched an intraday high of 22,804 and a low of 22,653. Gains in Bharti Airtel, Bharat Electronics, Power Grid, NTPC and Maruti Suzuki were offset by losses in ICICI Bank, Reliance Industries, HDFC Bank, Tata Consultancy Services and Hindustan Unilever. At 12:32 pm, the SENSEX was down 8 points at 73,598 and the NIFTY50 index advanced 19 points to 22,773. The benchmarks remained in a narrow range in noon deals.
Shares of Onesource Specialty Pharma rose as much as 15% to an intraday high of ₹1,606.35 after the company announced that its adjusted profit in the September quarter more than doubled to ₹93.7 crore from ₹45 crore in the same period last year. Its revenue from operations advanced 37% to ₹516 crore compared with ₹376 crore in the year‑ago period. Trading volume in the stock jumped 25.4 times to 41 lakh shares compared with its average volume of 1.7 lakh shares on the NSE.
Sona BLW Precision, a Delhi‑based auto parts maker, saw its shares climb 10.2% to a fresh 52‑week high of ₹863.90 after the company said that its net profit in the September quarter rose 29% annually to ₹223 crore. Its operating profit rose 23% annually to ₹356 crore and EBITDA margin came in at 23%. Trading volume in the stock jumped 6.8 times to 1.40 crore shares compared with an average volume of 20.63 lakh shares on the NSE.
Ola Electric shares climbed 14% to an intraday high of ₹34.07 amid a spike in volumes. Trading volume jumped 5.2 times to 21.05 crore shares compared with an average volume of 4.03 crore shares on the NSE. As many as 97 lakh shares changed hands on the BSE compared with an average of 32.59 lakh shares traded daily in the past two weeks.
Tata Consumer Products shares advanced 6.72% to an intraday high of ₹999.60 after its net profit in the September quarter rose 16% to ₹470 crore. Its revenue from operations advanced 14% to ₹5,661 crore and the company recorded underlying volume growth of 11%. Trading volume jumped 4.7 times to 54 lakh shares compared with an average volume of 11.59 lakh shares on the NSE. KFin Technologies shares rose 7% to an intraday high of ₹887.15 after its net profit in the September quarter rose 7.5% annually to ₹100 crore, with operating profit at ₹402 crore. The company said its overall average assets under management grew faster than the industry, with AAUM growth at 15.1% versus 13.1% for the industry and a market share of 33.1%. Trading volume jumped 3.9 times to 27.62 lakh shares compared with an average volume of 7.17 lakh shares on the NSE.