Delhivery Launches Rapid Commerce | Gland Pharma Receives USFDA Inspection Report | Top Buzzing Stocks Today

Fri, 17 Jan Pre-Open

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Indian benchmark indices maintained the momentum as the session progressed and ended the day higher.

Benchmark equity indices, the BSE Sensex and NSE Nifty50, ended in positive territory for the third consecutive session on Thursday.

At the closing bell on Thursday, the BSE Sensex closed higher by 224 points (up 0.3%).

Meanwhile, the NSE Nifty closed 37 points higher (up 0.2%).

ONGC, Shriram Finance and Bharat Electronics was the top gainers.

Trent, Wipro and HCL Tech on the other hand, were among the top losers.

For impact of the Bank Nifty companies and comprehensive overview of the index, check out Equitymaster's Bank Nifty Companies list.

The BSE MidCap index ended 0.9% higher and BSE SmallCap index ended 1.4% higher.

Sectoral indices were trading mixed on Wednesday with stocks in power sector and metal sector witnessing buying. Meanwhile the stocks in FMCG sector and IT sector witnessing selling pressure.

Speaking of stock markets, research analyst, Tanushree Banerjee highlights the growing shift towards digital signatures as entities aim to reduce paper-based transactions. Government agencies, banks, and educational institutions are key users of eSign services.

With the global digital signature market projected to grow from US$ 7.6 billion in 2024 to US$ 119 billion by 2032, driven by a CAGR of over 30%, and blockchain enhancing document security.

What kind of opportunity does this trend present to investors in the fintech space?

Top buzzing stocks today

Bharat Dynamics share price will be in focus today.

Shares of Bharat Dynamics jumped over 8%, reaching an intraday high of Rs 1,227.9 on 16 January 2025, after the company secured a substantial order from the Ministry of Defence.

The defence manufacturer announced that it had signed a contract worth Rs 2,960 crore for the supply of Medium-Range Surface-to-Air Missiles (MRSAM) for the Indian Navy. The contract was formalized in the presence of Defence Secretary Rajesh Kumar Singh in New Delhi.

Waaree Technologies will also be a top buzzing stock.

Waaree Technologies' shares surged on Thursday, 16 January 2025, hitting the 5% upper circuit limit at Rs 383.8 per share on the BSE.

The rise in share price came after the company secured an order for 99 sets of Solar Off-Grid Combos from a customer involved in trading activities.

Why Sugar Stocks are Rising

Moving on, shares of sugar companies rose up to 6% on January 16 as a media report reported that the Cabinet may soon approve an increase in ethanol price.

B-heavy molasses price can be hiked by Rs 1.82 and C-heavy by Rs 6.87 per litre.

C-heavy molasses price can be increased to Rs 56.28 from Rs 49.41 per litre.

B-heavy molasses is a byproduct of sugar production that is used to make ethanol and C-heavy molasses is a byproduct of sugar refineries that is used to make ethanol.

Government has a target to achieve an ethanol blending target of 20% by FY26. Current ethanol blending petrol is at 15.8%.

Why Railway Stocks are Rising

Railway stocks experienced a notable surge on Thursday following reports that the Union Budget 2025-26, scheduled for 1 February, may include a significant 15-18% increase in the budgetary allocation for the Ministry of Railways.

This expected hike has boosted investor confidence, reversing the downward trend seen in recent months.

According to a report by Moneycontrol, the government is likely to allocate Rs 2.9-3 trillion as gross budgetary support (GBS) for Indian Railways in 2025-26.

The anticipated increase in capital expenditure is aimed at enhancing railway infrastructure, modernizing services, and expanding the production of Vande Bharat trains.

Railway stocks, which had faced a sharp decline from their record highs in 2024 due to high valuations and broader market correction, have rebounded strongly. Ircon International led the rally, with its shares rising 11.45% to Rs 212.5 on the NSE.

Rail Vikas Nigam Ltd (RVNL) and Railtel Corporation of India also posted gains of 11.66% and 8.77%, respectively.

This anticipated budget hike follows the modest 5% increase in the FY25 budget, which raised the railways' allocation from Rs 2.4 tn to Rs 2.5 tn.

Delhivery Launches Rapid Commerce

Delhivery has launched its new service, Rapid Commerce, aimed at providing sub-2-hour deliveries to meet the growing demand for ultra-fast shipping.

Similar to quick-commerce (q-commerce), which completes deliveries in 10-15 minutes, Rapid Commerce first launched in Bengaluru, where it is already handling over 300 orders daily.

The service is designed for Direct-to-Consumer (D2C) brands, retailers, and e-commerce platforms, enabling them to dramatically reduce delivery times and boost customer satisfaction.

Unlike traditional e-commerce, which often takes several days for delivery, Rapid Commerce allows businesses in sectors such as Beauty and Personal Care, Apparel and Fashion, and Electronics to reach consumers within hours.

Following its successful debut in Bengaluru, Delhivery plans to expand Rapid Commerce to other major cities, including Hyderabad, Chennai, NCR, Mumbai, Pune, and Ahmedabad, in the coming months.

Gland Pharma Receives USFDA Inspection Report

Gland Pharma announced on 16 January that it has received an Establishment Inspection Report (EIR) from the USFDA (United States Food and Drug Administration), signifying the closure of the inspection process.

The inspection, which was focused on Good Manufacturing Practices (GMP), took place at the company's Dundigal Facility in Hyderabad between 22 July and 25 July 2024. The regulatory filing made on the BSE confirmed that the inspection has now been formally closed.

Founded in 1978, Gland Pharma specializes in manufacturing injectable formulations. The company operates eight manufacturing facilities in India and distributes its products across more than 60 countries worldwide.

To know what's moving the Indian stock markets today, check out the most recent share market updates here.

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