Six Stocks In News At Noon: SBI Cards, Zen Technologies, HAL, Among Others
Here’s a look at the six stocks in focus at noon.
Several stocks are making headlines today, driven by a mix of earnings reports, analyst upgrades, and new orders. Here’s a look at the six stocks in focus at noon.
Hindustan Aeronautics Ltd
Shares of Hindustan Aeronautics Ltd. fell as much as 3.38% on Monday. This marks the last session for investors to buy shares to qualify for receiving interim dividends before the stock goes ex-date. The record date will determine the eligible shareholders who will receive the dividend payment.
SBI Cards & Payment Services
SBI Cards & Payment Services received an upgrade to “Buy” from HSBC Global Research. The brokerage firm raised its target price to Rs 1,000 from Rs 560, citing an earnings upgrade cycle driven by improved card issuance and softening money market rates. Despite this positive note, SBI Cards’ share price was down 1.23% as the overall market continued its downward trend for the ninth straight day.
Samvardhana Motherson
Shares of Samvardhana Motherson International Ltd. extended their fall on Monday after target price cuts overshadowed a 62% net profit growth in the third quarter. The stock has slipped over 21% this year, following a nearly 30% decline in 2024. The stock fell as much as 4.06% during the day, compared to a 0.89% fall in the benchmark Nifty 50.
Zen Technologies
Zen Technologies Ltd.‘s share price plummeted to hit the 20% lower circuit on Monday, following the announcement of its third-quarter earnings, which fell short of analysts’ expectations. The company’s revenue for the quarter grew by 52.9% year-on-year to Rs 152 crore, up from Rs 99.5 crore in the same period last year. However, this was below the estimated revenue of Rs 231.6 crore.
Bharat Forge
Bharat Forge’s share price declined 2.49% on Monday. This marks the last session for investors to buy shares to qualify for receiving interim dividends before the stock goes ex-date. The record date will determine the eligible shareholders who will receive the dividend payment.
Welspun Corp
Welspun Corp’s share price rose as much as 3.05% after the company announced new orders worth Rs 3,000 crore for the supply of pipes to clients in the US. With the addition of these new orders, the consolidated order book stands at Rs 18,000 crore. The two large orders include HSAW pipes and additional orders for HFIW pipes for the supply of coated pipes, primarily for natural gas pipeline projects. Execution of these orders will largely take place during fiscal 2026 and 2027.
