News Overview

Banking stocks were trading in red, with the S&P BSE BANKEX index decreasing 192.69 points or 0.44% at 43578.36 at 13:50 IST.

Financials stocks were trading in the negative zone, with the S&P BSE Finance index falling 19.04 points or 0.22% at 8597.31 at 13:50 IST.

Bhansali Engineering Polymers (BEPL) lost 8.77% to Rs 162.90 after the company posted a 44.4% decline in consolidated net profit to Rs 75.71 crore on a 17% fall in revenue from operations to Rs 341.52 crore in Q3 FY22 over Q3 FY21.

The shares took a leap following the announcement of its Q3 results.

The index has neared to the 12,000-mark. It has touched an intraday high of 11,914.95.

KEC International gained 1.4% to Rs 517.7 after the EPC company secured new orders worth Rs 1,112 crores across its various businesses.

Dabur India Ltd is quoting at Rs 571.75, down 0.7% on the day as on 13:24 IST on the NSE. The stock jumped 6.37% in last one year as compared to a 28.14% rally in NIFTY and a 10.16% spurt in the Nifty FMCG index.

Alembic Pharmaceuticals Ltd is quoting at Rs 798.6, down 0.51% on the day as on 13:24 IST on the NSE. The stock tumbled 25.31% in last one year as compared to a 28.14% rally in NIFTY and a 9.86% spurt in the Nifty Pharma index.

Here is the stock market performance at 1:30 PM today.

Leading diversified professional services and investment management firm Colliers (NASDAQ and TSX: CIGI) today announced the appointment of two Executive Directors who joined its Project Management business in Karnataka to lead Greenfield projects within the region.