CreditAccess Grameen, RBL Bank and IPCA Laboratories among 10 stocks that buzzed going in trade on October 23

CreditAccess Grameen, RBL Bank, and IPCA Laboratories among 10 stocks that buzzed going in trade on October 23

In a broad-based sell off, Indian equities continued to head southwards for the fourth straight session in Monday’s trade (October 23, 2023). Sensex slumped a sharp over 1 per cent, or 826 points, to close at 64,572, while Nifty plummeted 261 points, or 1.33 per cent, to below 19,300 levels.
Meanwhile, broader markets underperformed on the back of a freefall in the mid- and small-cap counters. Sectorally, media and PSU banking stocks witnessed the most correction.

Here are the stocks that buzzed in trade on October 23.

IPCA Laboratories: Shares of the pharma major ended with gains of over 6 per cent at Rs 993.2 each after the pharma company said that its manufacturing facility had received an establishment inspection report (EIR) from the US FDA.

RBL Bank: Shares of the lender zoomed after its good Q2 show. Nevertheless, as brokerages turned cautious on the stock, the stock pared all its intraday gains and ended over 5 per cent lower at Rs 230.5.

Aurobindo Pharma: Shares of the pharma company settled a tad higher at Rs 868.6 apiece after the company’s subsidiary got US FDA approval for testosterone cypionate injection.

Poonawalla Fincorp: Shares of the NBFC were dragged even as the company’s Q2 consolidated profit jumped a record 555 per cent Year-on-Year. The stock ended over 6 per cent lower at Rs 352.

TCI Express: The logistics firm's shares ended with a cut of over 3 per cent at Rs 1,319 each after it reported disappointing Q2 results.

Mahindra Holidays: After reporting a weak set of numbers for the July-September period, shares of the holiday company ended over 9 per cent lower at Rs 406.35 apiece.

BSE: Shares of the exchange platform hit a 52-week high after the company revised the fee structure for the derivatives segment. At the close, the stock ended at Rs 1707.15, up almost 8 per cent.

CreditAccess Grameen: Shares of the NBFC ended with gains of over 7 per cent at Rs 1,493 each amid heavy volumes.

Genus Power: Genus Power Infra ended with a tad cut at Rs 252.95 apiece even as the company’s subsidiary bagged a Rs 3,121 crore project.

Bhansali Engineering Polymers: Shares of the specialty chemicals company ended 6 per cent lower at Rs 88.3 apiece after the company fixed November 2 as the record date for dividend pay out for FY24.