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stocks rallied as much as 15% in Mumbai trading on Wednesday even as equity benchmarks, BSE Sensex and NSE Nifty, traded in the amid brisk in frontline bluechip counters. Stocks that surged in excess of 15% included, Force Motors(19.99%), Yash Chemex Ltd.(19.99%), Tirupati Sarjan(19.98%), Pharmaids Pharm(19.97%), Baba Arts(19.83%), Taylormade Renewable(19.13%), Gala Precision Engin(18.33%), GHCL Textiles(16.71%), Sunshield Chem(15.38%) and Futuristic Sol(15.10%).

Benchmark NSE Nifty closed 126.0 points down at 24340.85 amid selling in frontline bluechip counters.

Subscribe to enjoy similar stories. Google might be the largest company in the world whose fate seems completely out of its hands these days, but the $2 trillion internet giant still has a few cards it can play. Some of them were on display in the third-quarter report from Alphabet, the parent company, late Tuesday.

Hygiene and Health Care Ltd on Wednesday reported a marginal 0.57 per cent rise in profit after tax at Rs 211.90 crore for the first quarter ended September 2024. The company, which follows the July-June financial year, had reported a profit after tax of Rs 210.69 crore in the corresponding quarter of the previous fiscal. Its revenue from operations of Procter & Gamble Hygiene and Health Care Ltd (PGHH) marginally fell by 0.28 per cent to Rs 1,135.16 crore during the quarter under review. It was Rs 1,138.35 crore a year ago. «The volume growth in the industry continues to be muted. The company witnessed growth in the feminine care category and continued to make progress on improving the structural profitability of the business in the quarter,» said an earnings statement from PGHH.

Dabur India on Wednesday reported a 17% decline in its consolidated net profit, totaling Rs 425 crore for the quarter ended September 2024, down from Rs 515 crore in the same quarter last year. Revenue from operations fell 5% year-on-year to Rs 3,029 crore in the July-September 2024 period, compared with Rs 3,204 crore in the corresponding period of the previous year.

The company's stock rose 5.5% in premarket trading on Wednesday, a day after Alphabet posted a 35% surge in Google Cloud revenue, the fastest pace of growth in eight quarters. Analysts expected a 29% rise, according to LSEG. The company's mainstay ad sales business rose 10%.

Indian equity markets will remain open for trading on Thursday, October 31, despite many celebrating the festival of lights, Diwali, on that day. However, the markets will observe a holiday on November 1, Friday, although they will briefly open for Muhurat Trading. According to Hindu Calendar and Panchang, Deepawali is celebrated on Amavasya Tithi of Krishna Paksha in the month of Kartik and media reports suggest that the Amavasya Tithi will prevail on October 31, 2024.

Colgate-Palmolive (India) Ltd. rose 0.88 per cent to Rs 3123.00 in Wednesday's trade. It hit an intraday high of Rs 3138.00 and low of Rs 3068.85, respectively, during the day. The stock quoted a 52-week high price of Rs 3893.00 and low of Rs 2031.05.

Cholamandalam Investment & Finance Company Ltd. 1.31 per cent to Rs 1275.00 at 01:41PM (IST) in Wednesday's trade. The scrip has hit a high of Rs 1291.95 and low of Rs 1266.80 so far during the session. The stock had closed at Rs 1292.05 in the previous session. The counter has had a total traded volume of 16058 shares so far with a value of Rs 2.04 crore on the NSE. It traded at a price-to-earnings multiple of 27.71 and a price-to-book ratio of 4.96.

Lupin Ltd. 0.84 per cent to Rs 2187.55 at 01:19PM (IST) in Wednesday's trade. The counter has hit a high of Rs 2211.00 and low of Rs 2162.10 so far during the session. The stock had closed at Rs 2206.15 in the previous session. The counter has had a total traded volume of 16462 shares so far with a value of Rs 3.61 crore on the NSE. It traded at a price-to-earnings multiple of 44.15 and a price-to-book ratio of 5.16.

SM REIT as a Small & Medium Real Estate Investment Trust. The SM REIT will be eligible to make an initial offer for units of its first scheme for an amount of up to Rs 500 crore. As an investment manager of SM REIT, EFC REIT Private Limited will oversee investments raised through the initial offer and manage the acquisition and operation of commercial real estate assets in terms of the REIT Regulations.

REC Ltd. traded 1.75 per cent in Wednesday's session at 01:29PM (IST). The stock opened at Rs 549.75 and has touched an intraday high and low of Rs 549.75 and Rs 535.50, respectively, during the session so far. The stock quoted a 52-week high of Rs 653.90 and a 52-week low of 268.00. About 181,568 shares changed hands on the counter so far.

The IPO will consist entirely of an offer-for-sale of 70.22 crore shares by the promoter, Sagility B.V., with no fresh issue component. All proceeds, excluding expenses, will go to the selling shareholder, and Sagility India will not receive funds from the issue.

NSE said in a release. On a state-wise basis, Maharashtra led with the highest number of accounts at 3.6 crore, followed by Uttar Pradesh with 2.2 crore accounts, Gujarat with 1.8 crore, and both Rajasthan and West Bengal at 1.2 crore each.

United Spirits Ltd. traded at Rs 1445.20 on BSE at 01:15PM (IST) on Wednesday, 0.26 per cent from previous close. The scrip quoted a 52-week low price of Rs 1011.10 and a high of Rs 1648.40.

Avenue Supermarts Ltd. 0.6 per cent to Rs 3940.25 at 12:42PM hours (IST) on Wednesday. Earlier in the day, the stock saw a gap up start to the session. As per data available on BSE, total traded quantity on the counter stood at 6,652 shares with a turnover of Rs 2.62 crore till 12:42PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 95.23, while the price-to-book value ratio stood at 15.76.

LTIMindtree Ltd. 0.14 per cent to Rs 5864.80 in Wednesday's trade as of 12:48PM (IST). The stock hit a high price of Rs 5885.70 and low of Rs 5778.50 during the session. The return on equity (ROE) for the stock stood at 23.45 per cent. Traded volume on the counter stood at 12:48PM shares and turnover at Rs 1.97 crore around that time. The stock of LTIMindtree Ltd. quoted a 52-week high price of Rs 6575.00 and 52-week low prices of Rs 4518.35, respectively.

Varun Beverages Ltd. 0.67 per cent to Rs 605.00 in Wednesday's trade as of 12:53PM (IST). The stock hit a high price of Rs 615.15 and low of Rs 595.00 during the session. The return on equity (ROE) for the stock stood at 29.64 per cent. Traded volume on the counter stood at 12:53PM shares and turnover at Rs 5.09 crore around that time. The stock of Varun Beverages Ltd. quoted a 52-week high price of Rs 682.84 and 52-week low prices of Rs 361.58, respectively.

«Since the company has been selling the 400 ml PET bottles for Rs 25, they cannot suddenly change the packaging of the same bottles and mark the price as Rs 20. For attracting customers, they will launch a new packaging wherein they will market the bottles as 250 ml and 150 ml free (250 ml + 150 ml free will be written on the pack) and the MRP will be Rs 20,» sources told ToI. Also Read: Reliance's not-so-secret weapon makes Tata sound alarm as new disruption hits

Donald Trump’s Truth Social is now worth more than Elon Musk’s X

Rising technology stocks sent the Nasdaq composite to a record, but trading was mixed along the rest of Wall Street