Six Stocks In News At Noon: UltraTech, TVS Motor, Among Others

As of noon, the benchmark indices were trading in the high, with the Nifty 50 up by 0.03% at 24339.60 and the Sensex 0.13 % higher at 80,320.38.

Several stocks, including UltraTech, TVS Motor and Tata Technologies, were making headlines due to various financial developments.

Tata Technologies fell as much as 6.14% to Rs 662.25 apiece. The share fell 0.10%. The company's shares fell over 6% on Tuesday after a large block deal on the National Stock Exchange, triggered by heavy volumes on the counter. The buyers and sellers were unknown.

TVS Motor announced their Q4 results on Monday after market hours on Monday. The Royal Enfield maker has clocked its highest quarterly profit in at least a decade as electric vehicle sales boosted earnings. In today's session the stock declined as much as 4.05% to Rs 2,680.1 apiece.

The stock has been trading in losses since the morning. It traded at an intraday low of nearly 6%. The company announced its earnings on Monday, with profit declining nearly 18% but revenue rising nearly 10%.

Shares of Paras Defence and Space Technologies Ltd. rose as much as 9.28% to Rs 1,249.90 apiece on the NSE on Tuesday, tracking gains in the broader defence sector and ahead of a key board meeting scheduled later this week.

PNB Housing Finance's share price surged by 10.05% to briefly hit the upper circuit limit following the release of the fourth-quarter financial results for the fiscal year 2024-25. The stock surged to over a seven-month high as it traded at Rs 1,085 apiece on Tuesday.

UltraTech Cement traded as low as 2.30% through the day despite Jefferies' latest note, which offered a bullish outlook on the company after it reversed three quarters of its Ebitda decline. Jefferies reiterated its 'buy' rating on UltraTech and raised its price target to Rs 14,000.