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  5. SENSEX surges over 950 points; ITC, Emcure, Honasa, Waaree Energies among buzzing stocks

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SENSEX surges over 950 points; ITC, Emcure, Honasa, Waaree Energies among buzzing stocks

Upstox
By Upstox News Desk

4 min read | Updated on May 23, 2025, 12:16 IST

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SUMMARY

The SENSEX rose as much as 953 points or 1.18% to hit an intraday high of 81,905.17 and NIFTY50 index touched an intraday high of 24,909 led by gains in Reliance Industries, ITC, Infosys, HDFC Bank, Larsen & Toubro and Axis Bank.

Stock list

ITC
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EMCURE
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HONASA
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Buzzing stocks

Shares of Honasa Consumer rose as much as 17.15%. | Image: Shutterstock

The Indian equity benchmarks extended gains in noon deals led by index heavyweights like Reliance Industries, ITC, Infosys, HDFC Bank, Larsen & Toubro and Axis Bank. The SENSEX rose as much as 953 points or 1.18% to hit an intraday high of 81,905.17 and NIFTY50 index touched an intraday high of 24,909. As of 11:45 am, SENSEX traded 815 points higher at 81,763.51 and NIFTy50 index advanced 250 points to 24,859.

Here are buzzing shares in trade on Friday:
Waaree Energies, Premier Energies: Shares of rooftop solar panel manufacturers Waaree Energies and Premier Energies slumped sharply on Friday, May 23, amid fears of declining support for clean energy in the United States. Waaree Energies plunged as much as 11% to an intraday low of ₹2,666, while Premier Energies dropped 6.12% to ₹1,022.

The trigger for the downturn was the narrow passage of a controversial tax and spending bill in the Republican-controlled US House of Representatives. Backed by President Donald Trump, the bill aims to roll back key provisions of the Biden administration’s Inflation Reduction Act, including eliminating the 30% federal tax credit for residential solar installations, repealing grants aimed at reducing air pollution and greenhouse gas emissions and scrapping incentives for electric heavy-duty vehicle purchases.

Honasa Consumer: Shares of the personal care products maker rose as much as 17.15% to hit an intraday high of ₹322.70 after the company announced its March quarter (Q4 FY25) numbers for the fiscal year 2024-25.

The stock rose after company said that Mamaearth’s strategy shift showed green shoots with double-digit YoY growth in key categories across e-Commerce and Modern Trade in Q4 FY25, backed by building leadership in focus categories, optimal media mix modelling, and awareness-led brand building.

Emcure Pharma: Shares of the drugmaker were locked in 10% upper circuit at ₹1,288.65 on the BSE after it reported a 63% rise in consolidated profit after tax (PAT) to ₹197 crore during the March quarter.

The Pune-headquartered firm reported a profit after tax (PAT) of ₹121 crore a year ago.

During the January-March period, Emcure Pharmaceuticals' revenue from operations stood at ₹2,116 crore, up 19.5% year-on-year from ₹1,771 crore logged in the corresponding quarter of the previous fiscal year.

Sun Pharma: Shares of Sun Pharmaceutical Industries slipped as much as 4.77% to ₹1,636.60 apiece on the NSE in the early deals on Friday, May 23, following the company's March quarter (Q3 FY25) results announcement last evening.

The pharma major on Thursday, May 22, reported consolidated gross sales of ₹12,815.6 crore for the quarter ended March 31, 2025 (Q4 FY25), up 8.5% year-on-year (YoY).

Its total revenue from operations came in at ₹12,958.84 crore, up 8.1% against ₹11,982.90 crore registered in the corresponding quarter of the previous fiscal.

Trent, Bharat Electronics: Shares of Trent and Bharat Electronics rose 2.91% and 1.70% respectively after Asia Index, the benchmarks and market intelligence arm of BSE, announced that Bharat Electronics and Trent will replace Nestle India and IndusInd Bank in the SENSEX with effect from June 23.
Container Corporation (CONCOR): Shares of Container Corporation of India (CONCOR) fell as much as 4.05% to hit an intraday low of ₹708 on the BSE a day after it reported March quarter earnings.

CONCOR's net profit in March quarter fell 12% to ₹302 crore from ₹343 crore in the previous quarter. Its revenue from operations rose 3.6% to ₹2,281.37 crore as against ₹2,202 crore in the previous quarter.

ITC: Shares of consumer goods giant ITC Ltd on Friday climbed nearly 3% after the firm reported a 2% rise in its March quarter net profit. The stock went up by 2.81% to ₹438.10 on the BSE.

ITC Ltd on Thursday reported a 2 per cent rise in its March quarter net profit on the back of a surge in rural demand and steady growth in the mainstay cigarettes business.

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