D-Street Newsmakers: Axis Bank, Tech Mahindra, Torrent Pharma and other stocks that hogged limelight on October 25

As geopolitical worries and the high US 10-year bond yield continued to weigh on investor sentiment, Indian equities settled in the red on Wednesday (October 25). Sensex ended 523 points, or 0.81 per cent lower at 64,049, while the broader Nifty index gave up 160 points, or 0.83 per cent to end the session below 19,150 levels. Sectorally, it was a sea of red, with only PSU banks and metal packs ending in green. 

Here are the 10 stocks that saw the most action today: 

Vedanta: Shares of the diversified metals company ended around 1 per cent higher at Rs 216.9 apiece on the BSE after the company appointed Ajay Goel as its new Chief Financial Officer. 

Plaza Wires: The recent D-Street debutant continued to hit the upper circuit and touched a new 52-week high of Rs 118.5. Analysts attribute the consistent gains in the scrip to reasonable valuations and a performance gap between large and small-cap companies in the sector. 

PNB Housing Finance: Despite improved asset quality and a sequential decline in gross NPA in the September-ended quarter, shares of the housing financier ended with a cut of 1 per cent at Rs 711.75. 

Network18 Media: Shares of the media company fell to settle at Rs 68.52, down 1.76 per cent,  after the company’s consolidated net loss increased to Rs 60.99 crore in the September-ended quarter. In the year-ago period, the company reported a net loss to the tune of Rs 36.49 crore. 

Indigo Paints: Shares of the paints company ended over 4 per cent lower at Rs 1,372.5 amid high volumes in the counter. The stock registered a volume of over 2.8 lakh shares, a 9.5-times surge in volume in comparison to the 2-week average daily volume of 29,413 shares. 

Torrent Pharmaceuticals: Shares of the pharma major ended with over 2 per cent gains at Rs 1,919.5 after the company posted in-line Q2 results. 

Axis Bank: Shares of the lender ended around 1 per cent lower at Rs 954.25 ahead of its Q2 results due to be released later today. The stock has been on a losing spree for the last few days and has shed around 4 per cent in a week’s time. 

Tech Mahindra: Shares of the large-cap IT services company ended over 1 per cent lower at Rs 1140.5. The company is set to release its quarterly numbers later today. 

Wonderla Holidays: Shares of the amusement player ended around 7 per cent higher at Rs 862.45 after the company received all necessary approvals for its Chennai project. 

Lupin: Shares of the pharma player ended with a cut of around 2 per cent at Rs 1,145, even as the company received approval for its ANDA for Fluconazole tablets from the US FDA.