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  5. JSW Steel, Adani Ports, Federal Bank, RailTel among buzzing stocks; check full list

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JSW Steel, Adani Ports, Federal Bank, RailTel among buzzing stocks; check full list

Upstox
By Upstox News Desk

5 min read | Updated on May 02, 2025, 14:09 IST

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SUMMARY

Shares of the country's largest private port operator rose as much as 6.40% to hit an intraday high of ₹1,294.85 after it reported strong March quarter earnings on Thursday.

Stock list

JSWSTEEL
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ADANIPORTS
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ADANIENT
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MOIL
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RAILTEL
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Buzzing stocks: Suzlon Energy में करीब 7 फीसदी की तेजी नजर आ रही है।

Shares of the Sajjan Jindal-backed steel maker fell as much as 7.77% to hit an intraday low of ₹948.35. | Image: Shutterstock

The Indian equity benchmarks were witnessing heightened volatility in noon deals on Friday, May 2, as traders resorted to profit booking at intraday highs ahead of the weekend amid geopolitical tensions between India and Pakistan in the aftermath of the Pahalgam terror attack on April 22, analysts said. Reports of retaliation by Indian forces to avenge the Pahalgam terror attack led to selling pressure in the equity markets, analysts said. As of 1:12 pm, the SENSEX was up 422 points at 80,666 and NIFTY50 index advanced 71 points to 24,405.

Here are buzzing stocks in Friday's session:
Adani Ports: Shares of the country's largest private port operator rose as much as 6.40% to hit an intraday high of ₹1,294.85 after it reported strong March quarter earnings on Thursday. The company reported a net profit of ₹3,014 crore for the January-March quarter (Q4 FY25), marking an increase of 48% from ₹2,040 crore logged in the same period last year.

Its revenue from operations rose 23% to ₹8,488 crore in the March quarter, as against ₹6,896.50 crore registered in the year-ago period.

Adani Ports' operating profit, also known as earnings before interest, taxes, depreciation, and amortisation (EBITDA), rose 21% to ₹4,966 crore as against ₹ 4,102 crore in the same period last year.

Adani Enterprises: Shares of the flagship Adani group company rose as much as 3.14% to hit an intraday high of ₹2,370 a day after it reported March quarter earnings. Adani Enterprises reported a net profit of ₹3,845 crore in the January-March quarter, marking an increase of 752% from ₹451 crore logged in the same period last year. The sharp jump in profit came on the back of an exceptional gain of ₹3,945.73 crore resulting from stake sales in Adani Wilmar (now known as AWL Agri Business).

Its revenue from operations, however, declined 7% to ₹27,601.64 crore as against ₹29,630 crore seen in the year-ago period.

RailTel Corporation: Shares of the railway safety system products maker rose as much as 13.51% to hit an intraday high of ₹336.30 after its net profit jumped 46% to ₹113 crore in March quarter from ₹77.53 crore in the year-ago period.

Its revenue from operations rose 57% in fourth quarter of financial year 2024-25 to ₹1,308 crore as against ₹833 crore in the same period last year.

Moil: Shares of the industrial minerals producer rose as much as 11.77% to hit an intraday high of ₹354.95 after its net profit in March quarter rose 27% to ₹116 crore from 91 crore in the same period last year. Its revenue from operations rose 4.18% to ₹433 crore from ₹416 crore in the year-ago period.
JSW Steel: Shares of the Sajjan Jindal-backed steel maker fell as much as 7.77% to hit an intraday low of ₹948.35 after reports suggested that the Supreme Court has rejected JSW Steel's ₹19,700 crore resolution plan for Bhushan Power and Steel Ltd (BPCL).

According to a news report by CNBC-TV18, the apex court said that the resolution plan for Bhushan Power and Steel was illegal and should not have been accepted by the Committee of Creditors (CoC).

A Bench of the Supreme Court ruled that the CoC's approval of JSW Steel's bid for BPSL was contrary to the provisions of the Insolvency and Bankruptcy Code (IBC) and cannot be sustained.

Godrej Properties: Shares of the Mumbai-based real estate developer rose as much as 3.38% to hit an intraday high of ₹2,231.65 after it reported an 18.94% decline in its consolidated profit after tax (PAT) to ₹381.99 crore in the fourth quarter of the financial year 2024-25. The company had posted a net profit of ₹471.26 in the year-ago period.

Revenue from operations stood at ₹2,121.73 crore in the March FY25 quarter, up 48.77% from ₹1,426.09 crore in the same period of the previous fiscal year.

Earnings before interest, taxes, depreciation, and amortisation (EBITDA) declined by 2% to ₹634 crore in the quarter under review, compared to ₹649 crore in Q4 FY24.

Federal Bank: The Federal Bank shares tumbled over 4% on Friday despite the lender posting a 13.7% increase in its net profit at ₹1,030.23 crore for the January to March quarter as compared to ₹906.20 crore seen in the same quarter last fiscal year.

The bank’s net interest income during the period grew 8.3% to ₹2,377.4 crore as against ₹2,195.2 crore year-on-year (YoY).

The net interest income (NII) is one of the key metrics to assess a banking or financial entity's financial performance.

Newgen Software: Shares of small-cap IT company, Newgen Software Technologies, rose over 13% intraday reacting to Q4 earnings. The company reported a nearly 3% YoY rise in consolidated net profit to ₹108.3 crore.

The IT firm reported a net profit of ₹105.2 crore in the same quarter last year, while it rose 21% QoQ compared to the profit of ₹88.8 crore in the previous quarter. Its revenue from operations rose 14% YoY to ₹429.8 crore, up 14.5% YoY. In Q4FY24, revenue stood at ₹375.2 crore, while it was ₹381.1 crore in the December quarter.

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