Paytm, BSE, Tata Motors, Gokaldas Exports, KEI Industries among top buzzing stocks; check full list

The Indian equity benchmarks were trading in a narrow range with a negative bias on Wednesday, May 7. Earlier in the day, the benchmarks recovered most of the early losses within minutes of opening. The SENSEX recovered as much as 907 points from day's lowest level and NIFTY50 index touched an intraday high of 24,449.60 after hitting low of 24,220. As of 12:34 pm, the SENSEX was up 11 points at 80,652 and NIFTY50 index rose 11 points to 24,393.

Its revenue from operations rose 75% annually to ₹846.64 crore in Q4FY25, as against ₹483.95 crore in the year-ago period.

The company recommended final dividend of ₹23 per share.

The textile exports will attract nil duty under the free trade agreement between the two nations.

Gokaldas Exports shares rose up to 15.63% on the National Stock Exchange (NSE). At 10:34 am, it was up 15% at ₹980 per unit.

KPR Mill stock was trading at ₹1,087 apiece on the NSE, reflecting an increase of 6.66%.

Arvind Ltd shares rose 5.3%, while Page Industries gained 2%.

The trade deal will remove taxes on the export of labour-intensive products such as clothing, leather, and footwear, while making imports of cars and whisky from the UK cheaper to multiply trade between the two economies to $120 billion by 2030.

Piramal Enterprises net profit more than doubled to ₹102 crore in January-March quarter from ₹38.56 crore in the previous quarter.

Its total revenue from operations rose 1% to ₹2,853.55 crore.

During the quarter its assets under management rose 17% annually to ₹80,689 crore.

On August 1, 2024, Tata Motors (TML), in its press release, said that its board had approved a composite scheme of arrangement amongst TML, TML Commercial Vehicles Limited (TMLCV), Tata Motors Passenger Vehicles Limited (TMPV) and their respective shareholders under Sections 230-232 and other applicable provisions of the Companies Act, 2013 (“Scheme”).

Another reason why Tata Motors shares gained today is the signing of a trade deal between India and the UK.

The deal opens massive export opportunities for labour-intensive industries and key sectors such as engineering goods, auto parts and engines, and organic chemicals, the Indian government said in a press release.

“India will gain from tariff elimination on about 99% of the tariff lines, covering almost 100% of the trade value, offering huge opportunities for an increase in bilateral trade between India and the UK,” the release stated.

KEI Industries reported net profit of ₹226 crore in January-March quarter, marking an upside of 34% from ₹169 crore in the same period last year. Its revenue from operations rose 25% to ₹2,915 crore as against ₹2,330 crore in the year-ago period.

The stock was trading 7.9% higher at ₹326.2 apiece on the National Stock Exchange (NSE) at 12:14 pm.

The company's market valuation stood at ₹12,149.63 crore.