Stock-specific action remained in focus on Dalal Street on October 29, with investors reacting to brokerage recommendation, corporate developments and quarterly earnings.
Share price of PNB Housing Finance share shed 2.5 percent after the company reported a 6 percent year-on-year increase in consolidated Q2 profit to Rs 617 crore, while net interest income jumped 15 percent to Rs 878 crore.
Share price of Vedanta Aluminium shed 3 percent after CLSA retained 'outperform' rating with a target price of Rs 525 per share, noting that Q2 performance slightly exceeded estimates on lower costs. The brokerage expects smelter ramp-up and cost savings to support a $5 billion FY27 exit EBITDA run-rate at spot aluminium prices, while the company targets a 3-million-tonne smelter expansion by the end of FY28.
Titagarh Rail Systems share price shed nearly 4 percent despite company received an additional Rs 1,716.90 crore order from the Ministry of Railways for 4,955 BOXNHL wagons, taking the total order quantity to 9,994 wagons. The amended contract value now stands at Rs 10,404.10 crore.
Awfis Space Solutions share price shed nearly 2 percent after the company launched new centres in Pune, Bengaluru and Mumbai, adding around 1.45 lakh sq ft of premium Grade A+ workspace to its portfolio.