Six Trending Stocks At Noon: M&M, Ola Electric, Sonata Software, And More

As the stock market progresses through the day, several stocks have emerged as trending topics due to their significant movements and announcements. Here's a look at six stocks making headlines in the second half of trade on Friday.

Mahindra & Mahindra

Mahindra & Mahindra share price surged over 1% after the company reported its third-quarter earnings. The standalone revenue for M&M increased by 20.3% year-on-year to Rs 30,538.23 crore, slightly below Bloomberg's estimate of Rs 30,837.2 crore. Ebitda rose by 30% to Rs 4,384 crore, with a margin of 14.4%, and net profit climbed 19% to Rs 2,964.31 crore, surpassing the estimated Rs 2,921 crore.

Ola Electric

Ola Electric shares plunged over 3% after the company reported widening losses for the third quarter. The consolidated revenue fell by 19.4% to Rs 1,045 crore, while the Ebitda loss increased to Rs 460 crore from Rs 301 crore. The net loss also widened to Rs 564 crore compared to Rs 376 crore in the same period last year.

Bikaji Foods

Shares of Bikaji Foods International Ltd. tumbled nearly 13% to the lowest since November 2022 as the company's net profit dipped 39% in the third quarter, missing analysts' estimates. Bikaji Foods posted a profit of Rs 28.6 crore, down from Rs 46.6 crore in the same period last fiscal. Analysts had expected a profit of Rs 49 crore.

Sonata Software

Sonata Software Ltd. experienced a significant decline in its share price, dropping by 19.13% to hit a nearly two-year low following the release of its third-quarter earnings report. The company reported a net profit of Rs 105 crore, down 1.4% from the previous quarter, despite a 31% increase in revenue to Rs 2,843 crore. However, EBIT fell by 9% to Rs 131 crore, and the EBIT margin declined to 4.6% from 6.7%.

NCC

Shares of NCC Ltd. fell sharply after the company's net profit growth slowed in the third quarter of fiscal 2025. The net profit rose 12.4% to Rs 193 crore, down from Rs 221 crore in the previous year. Revenue saw a slight uptick of 1.6% to Rs 5,345 crore, while Ebitda increased by 12.8% to Rs 441 crore. The margin contracted to 8.2% from 9.6% last year.

SBI

State Bank of India shares fell 1.46% in early trade as analysts cut target prices following its third-quarter earnings. The bank's net profit for the October-December quarter rose 84% year-on-year to Rs 16,891 crore, driven by higher core income. Net interest income increased by 4% to Rs 41,445.5 crore, but concerns remain over its net interest margin.

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