Buzzing Stocks: Swan Defence, Shipping Corp, Netweb — Check Share Price, Stock Predictions And More

Indian equity benchmarks extended declines for the second consecutive trading session. The BSE Sensex fell as much as 476 points or 0.6%, while the NSE Nifty 50 fell as much as 115 points or 0.5% to 25,211.

Thirteen out of fifteen sectoral gauges on NSE traded higher with the NSE Nifty Energy Index leading the gains. On the flipside, the NSE Nifty IT and NSE Nifty Pharma were the sectoral losers.

Swan Defence, Shipping Corp, Garden Reach, Netweb Technologies and Cochin Shipyard are among the stocks buzzing in trade today. Here are the stocks moving the market this morning.

GRSE share price rose as much as 6% to Rs 2,761. The company signed multiple MoUs, including a $62.44 million deal with Carsten Rehder for shipping vessels.

Meanwhile, shares of Cochin Shipyard rose as much as 4.2% to Rs 1,979 and shares of Shipping Corporation of India rose 5.7% to Rs 232.10.

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Swan Defence share prices were locked in a 5% upper circuit at Rs 577.10.

The company inked a pact with the Gujarat Maritime Board for an investment worth Rs 4,250 crore.

Trading volume was 3.1 times its 30-day average, according to Bloomberg data. The scrip has returned 1,504% in the past 12 months and was up 10% in the past five days.

NetWeb Technologies' share price extended its rally for the fourth consecutive trading session. The stock advanced as much as 5.8% to Rs 3,470.

The stock is 201 times its 30-day average, according to Bloomberg data. The Relative Strength Index was 78, indicating that the stock may be overbought, Bloomberg data showed.

Three analysts tracked by Bloomberg have a 'Buy' rating on the stock. The analysts' consensus price target was 2,759, implying a potential downside of 20% from the last regular trade.