GM Breweries, IREDA, Gensol Engineering, JBM Auto, MGL, IGL, Waaree Renewable: Check top buzzing stocks of the day

At 12:45 PM, the S&P BSE SENSEX was trading at 76,790.18, up 55.29 points, or 0.07%, while the NSE's NIFTY50 index was ruling at 23,355.60, up 27.05 points, or 0.12%.

It reported a 48.65% jump in its consolidated net profit for the January-March quarter of the financial year 2024-25 at ₹501.55 crore. The company had reported a net profit of ₹337.39 crore in the corresponding quarter last fiscal.

The stock was locked at ₹122.68 on the NSE, down 5%.

APM gas is sold at a cheaper price to the CGD players to ensure essential services such as domestic piped natural gas (PNG) and CNG receive gas at lower costs.

"The Administered Price Mechanism gas allocation was trimmed between 15 to 20% for the companies, which reduced their total allocation to around 40%, from the current 51%," the Moneycontrol report added.

Last seen, MGL was trading 4.55% lower at ₹1,256.30, while IGL was trading at ₹175.31, up 2.05%.

Adani Total Gas shares were trading over 0.5% lower at ₹607.15 apiece on the NSE.

Wipro, along with its peers, is slated to post a weak set of numbers given the global macro uncertainty, seasonality, and challenges outweighing the benefits of deal ramp-ups.

On March 10, the internal review by the bank had estimated an adverse impact of approximately 2.35% of its net worth as of December 2024.

The external agency report has found discrepancies related to derivative deals. The report has quantified the negative impact of the above as of June 30, 2024, at ₹1,979 crore.

Besides, the company also released its March quarter numbers.

The liquor maker posted a 30.21% decline in its standalone net profit at ₹60.46 crore for the quarter ended March 31, as compared to ₹86.64 crore in Q4 FY24.