Several notable stocks are buzzing on Tuesday, reflecting significant market movements and corporate announcements. Siemens, Mazagon Dock, Delhivery, Sobha, Godrej Properties, and Bharat Electronics were among the key players driving market activity. Here's a closer look at the developments impacting these stocks.
Siemens
Siemens Ltd.'s share price surged by 7.77% to Rs 3,031 apiece. The rise followed Jefferies' positive outlook, stating that Siemens Energy's earnings per share growth is expected to double post demerger, driven by a sharp increase in India's power sector investments.
Mazagon Dock
Mazagon Dock Shipbuilders Ltd.'s shares climbed over 5% as the company's board met to consider a second interim dividend for the financial year 2025.
Delhivery
Delhivery's share price fell by over 6% on Tuesday, reversing the gains made on Monday. The previous day's rally was driven by the announcement of its acquisition of rival firm Ecom Express Ltd. for Rs 1,407 crore.
Sobha
Sobha Ltd.'s share price rose by over 6% following a significant jump in total sales for the January–March quarter. The company's total sales value grew by 22.1% year-on-year to Rs 1,836 crore in the fourth quarter, up from Rs 1,504 crore, encompassing both new and existing projects.
Godrej Properties
Shares of Godrej Properties Ltd. increased by nearly 7% after the company reported its highest quarterly and full-year bookings. The booking value rose by 7% year-on-year to Rs 10,163 crore in the quarter ended March, driven by the sale of 3,703 homes with a total area of 7.52 million sq. ft., marking the highest ever quarterly booking value for the real estate firm.
Bharat Electronics
Bharat Electronics Ltd.'s shares rose by nearly 6% following the announcement of a Rs 2,210 crore deal with the Indian Air Force. The Ministry of Defence signed a contract with BEL to supply advanced electronic warfare suites and aircraft modification kits for Mi-17 V5 helicopters.
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