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

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

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.