The stock market witnessed a historic close on the expiry date of September, with both the Sensex and Nifty achieving record highs. The metal and auto indices surged by 2%, while the FMCG and PSU bank indices garnered gains of 1%. In contrast, the capital goods index experienced a slight decline of 0.5%. The BSE midcap index remained stable, closing flat, while the smallcap index faced a marginal drop of 0.4%.
Most Active Stocks Today
Gensol Engineering | Current Market Price: ₹850
Gensol Engineering stocks saw a rise of 3% today. This uptick is largely attributed to the company’s promoter and managing director, Anmol Singh Jaggi, who enhanced his stake by purchasing 12,000 shares through open market transactions.
Mukta Arts | Current Market Price: ₹107
Mukta Arts’ stocks surged by over 10% today, following the announcement of an agreement with Zee Entertainment Enterprises Limited to acquire satellite and media rights for 37 films over the next six years, signaling strong future revenue potential.
Hero MotoCorp | Current Market Price: ₹6,051
Hero MotoCorp faced a downturn today as UBS issued a ‘Sell’ call, setting a target price of ₹3,350. The firm anticipates that while there are expectations for better wholesale volumes and festive sales, the shifting dynamics in retail performance could hinder recovery, particularly as the strength of the upcoming festive season is not yet fully reflected in forecasts.
Vedanta | Current Market Price: ₹502
Vedanta’s stocks rose by 5% in today’s trading session. This increase comes ahead of the company’s board meeting scheduled for October 8, where the approval of the fourth interim dividend for FY 2025 will be deliberated. The record date for dividend eligibility has been established as October 16.
Policy Bazaar | Current Market Price: ₹1,686
Policy Bazaar’s shares slipped into the red today. Reports suggest that PB Fintech is poised to enter the healthcare sector, and negotiations are reportedly advancing for a new operational model, which might enhance its market positioning moving forward.
Trent | Current Market Price: ₹784
Trent shares climbed by 3% today, buoyed by a ‘Buy’ recommendation from brokerage Citi, which has set an ambitious target of ₹9,250. The firm notes that revenue growth has been accelerating due to the company’s shift from single-format to multi-category operations, with a revenue CAGR of 36% recorded from FY19-24 and anticipated growth across multiple business lines, including fashion and grocery.
Bharat Forge | Current Market Price: ₹1,528
Bharat Forge’s stocks declined by 2% today following a downgrade by Bank of America, which placed a neutral rating on the company, establishing a target price of ₹1,800. This caution reflects a broader reassessment of the market landscape.
Swan Energy | Current Market Price: ₹593
Swan Energy experienced a notable increase of 5% today, driven by a substantial surge in trading volume. Over 7.1 million shares changed hands on the BSE and NSE, significantly exceeding the average monthly trading volume of 1.3 million shares.
Five Star Business Finance | Current Market Price: ₹797
The stock of Five Star Business Finance retreated today amid significant block deals, where Peak XV and other investors sold approximately 1.04 crore shares, equivalent to 4.65% of the company’s equity stake. The transactions were executed at an average price of ₹800 per share, amounting to a total deal value of around ₹832 crore.
| Stock | Current Market Price | Change (%) |
|---|---|---|
| Gensol Engineering | ₹850 | +3% |
| Mukta Arts | ₹107 | +10% |
| Hero MotoCorp | ₹6,051 | – |
| Vedanta | ₹502 | +5% |
| Policy Bazaar | ₹1,686 | – |
| Trent | ₹784 | +3% |
| Bharat Forge | ₹1,528 | -2% |
| Swan Energy | ₹593 | +5% |
| Five Star Business Finance | ₹797 | – |
