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Hindalco Odisha Smelter Expansion Approved | Piramal Pharma Q3 FY26 Results | Top Buzzing Stocks Today
Fri, 30 Jan Pre-Open

Hindalco Odisha Smelter Expansion Approved | Piramal Pharma Q3 FY26 Results | Top Buzzing Stocks TodayImage source: Thitima Uthaiburom/www.istockphoto.com

Indian benchmark indices traded volatile throughout the session and ultimately closed green.

Indian equity benchmarks indices, Sensex and Nifty50 closed higher for the third straight session on Thursday, despite bouts of volatility during the early trading hours. However, optimism improved after the annual Economic Survey was released.

At the closing bell on Thursday, the BSE Sensex  closed higher by 222 points (up 0.3%).

Meanwhile, the NSE Nifty closed 76 points higher (up 0.6%).

Tata Steel, Axis Bank, NTPC among the top gainers today

Asian Paints, Maruti Suzuki, TCS on the hand, were among the top losers today.

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 1.5% lower and BSE SmallCap index ended 2.2% lower.

Sectoral indices were trading mixed on Thursday with stocks metal sector and power sector witnessed buying. Meanwhile, stocks in IT sector and auto sector witnessed selling pressure.

Speaking of stock markets, Raul Shah, Research Analyst at Equitymaster, shares his views on IndusInd Bank. After admitting to a Rs 2,100 crore treasury loss and cleaning up its microfinance loan book, the IndusInd bank appears to be shifting its focus from aggressive growth to asset quality and stability.

The key question now is whether the improvement of fundamentals have tilted the risk-to-reward equation in favour of investors, making it a must-watch stock for portfolios.

Watch to know more.

Top buzzing stocks today

eClerx Services share price will be in focus today.

Shares of eClerx Services came into focus after the company reported its Q3 FY26 results.

In Q3, eClerx Services reported a consolidated net profit of Rs 1.92 billion (bn), up 39.7% from Rs 1.37 bn a year ago.

Balu Forge shares will also be a top buzzing stock.

Shares of Balu Forge came into focus after the company announced its formal induction into the Nato supply chain for critical defence components.

Hindalco Odisha Smelter Expansion Approved

Shares of Hindalco Industries came into focus after the company announced an update on the expansion of its aluminium operations in Odisha.

The company is investing Rs 210 bn to expand its smelter by 3.6 lakh tonnes per year and has also commissioned a Rs 45 bn flat rolled products (FRP) and battery-grade aluminium foil facility with a capacity of 1.7 lakh tonnes per year.

According to the company's filing, these projects aim to support India's electric mobility and energy storage sector by producing critical raw materials for lithium-ion batteries, while also boosting domestic production of high-grade aluminium products. The battery-grade aluminium foil plant, India's first, is designed to supply up to 100 GWh of lithium-ion cell manufacturing capacity.

Hindalco said these projects are part of its larger growth plan, with around Rs 370 bn earmarked for Odisha operations and a total of Rs 550 bn planned across India for upstream and downstream aluminium projects.

Piramal Pharma Q3 FY26 Results

Shares of Piramal Pharma came into focus after the company reported it Q3 FY26 results.

Piramal Pharma reported a net loss of Rs 0.95 bn in Q3FY26, slightly lower than the Rs 0.99 bn loss in Q2FY26, but down from a profit of Rs 0.04 bn in Q3FY25.

Revenue from operations rose 5% quarter-on-quarter to Rs 21.40 bn from Rs 20.44 bn in Q2FY26 but was down 3% compared with Rs 22.04 bn in Q3FY25.

The company's EBITDA increased 3% quarter-on-quarter to Rs 2.39 bn from Rs 2.24 bn in Q2FY26 but declined 32% year-on-year from Rs 3.50 bn in the same quarter last year.

Garden Reach Shipbuilders & Engineers Q3 FY26 Results

Garden Reach Shipbuilders & Engineers reported a strong 73.9% year-on-year increase in net profit for Q3 FY26, reaching Rs 1.71 bn compared with Rs 0.98 bn in the same quarter last year.

Revenue from operations rose 49.2% to Rs 18.96 bn from Rs 12.71 bn a year earlier.

PR Hari, Chairman and Managing Director, said the company is on track to achieve its best-ever financial performance.

With the Next Generation Corvette contract in the pipeline, the company expects its order book to reach around Rs 500 bn by the end of the current financial year.

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

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

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