Senores Pharma Acquires Havix | Vedanta Slashes US$ 550 Million In Debt | Top Buzzing Stocks Today

Thu, 13 Mar Pre-Open

   Previous Close   

   10:30 am   

   Closing   

After opening day on a positive note, Indian benchmark indices ended with marginal losses on Wednesday.

Benchmark Indian equity indices BSE Sensex and NSE Nifty50 ended low in Wednesday's session, weighed down by intense selling pressure in IT stocks.

At the closing bell on Wednesday, the BSE Sensex  closed Lower by 73 points (down 0.1%)

Meanwhile, the NSE Nifty closed 27 points lower (down 0.1%)

IndusInd Bank, Tata Motors, Kotak Mahindra among the top gainers today

Infosys, Tata steel, Nestle on the hand, were among the top losers today.

The BSE MidCap index ended 0.6% lower and BSE SmallCap index ended 0.5% lower.

Sectoral indices were trading mixed with stocks in telecommunication and IT sector witnessing selling pressure. Meanwhile stocks in auto and banking sector witnessing buying pressure.

Speaking of stock markets, in her latest video, Research analyst Tanushree Banerjee in her latest video, highlights the rising geopolitical tensions worldwide.

In recent years, conflicts have escalated, with Israel conducting strikes in Gaza, Lebanon, Iran, and Syria, while the Russia-Ukraine war continues into its third year. Additionally, various subregional conflicts persist across Africa and South America.

As we step into 2025, we hope for an improvement in the global geopolitical landscape

Tune in for more...

Top buzzing stocks today

Vodafone Idea shares will be in focus today.

Vodafone Idea's stock price plummeted 6.4% on the BSE, hitting an intraday low of Rs 6.9 per share. This significant decline was triggered by the company's substantial loss of 1,715,975 wireless subscribers in December 2024.

In stark contrast, Reliance Jio experienced a remarkable surge, adding 3,906,123 wireless subscribers to its network. Bharti Airtel also reported a notable gain, with a net addition of 1,033,009 subscribers during the same period.

Gensol Engineering Shares will also be a top buzzing stock.

Gensol Engineering Ltd.'s share price continued its downward spiral on 12 March 2025, plummeting another 5% to hit a lower circuit for the sixth consecutive trading session. This relentless decline has resulted in the stock losing over 50% of its value in just 12 trading sessions.

Gensol Engineering, founded in 2012, is a pioneering force in the renewable energy sector, with a strong focus on harnessing the power of solar energy.

The company specializes in providing comprehensive solar power engineering, procurement, and construction (EPC) services, catering to the needs of a rapidly growing industry.

Senores Pharma Acquires Havix

Senores Pharma's stock price surged 3.7% on the BSE, reaching an intraday high of Rs 572 per share. This significant uptick in the company's shares was largely driven by the board's approval of a strategic acquisition.

Specifically, the board has greenlit the purchase of 8,454 shares of Havix, a move that will give Senores Pharma a 3.8% stake in the company. As of the current trading session, Senores Pharma's market capitalization stood at a substantial Rs 25.8 billion (bn).

Senores Pharma already holds a significant majority stake in Havix, with a 51.2% equity shareholding.

Havix, a US-based company, was officially incorporated under the laws of the State of Delaware on 17 February 2015. Since its inception, Havix has been focused on developing, manufacturing, and supplying a diverse range of finished formulations.

Senores Pharmaceuticals is a renowned, research-oriented pharmaceutical company with a global presence. The company is dedicated to developing and manufacturing a diverse array of pharmaceutical products, primarily catering to the US, Canada, and other regulated and emerging markets.

Airtel, RIL Surge on SpaceX Deal

On 12 March 2025, the shares of Bharti Airtel and Reliance Industries Limited (RIL) emerged as highly sought-after stocks, with both companies witnessing a significant surge in their stock prices. The scrips rose by as much as 3.5% in intraday trading on the BSE.

The upward momentum in Bharti Airtel and RIL shares can be attributed to the recent announcement of a groundbreaking deal with SpaceX, a cutting-edge space technology company backed by visionary entrepreneur Elon Musk.

The key driver behind this development is the introduction of Starlink's high-speed internet services in India. Starlink, a satellite internet constellation developed by SpaceX, aims to provide fast, reliable, and global internet connectivity.

Bharti Airtel and SpaceX will offer Starlink services and equipment in Airtel's retail stores. They will provide connectivity to rural areas, schools, and health centres, addressing gaps in India's digital landscape. The partnership aims to expand Airtel's network and leverage its infrastructure to support SpaceX's Indian operations.

Jio and SpaceX have partnered to offer Starlink services in India, pending regulatory approval. The deal enables Jio to sell Starlink solutions through its retail stores and online platforms. The collaboration combines Jio's mobile expertise with SpaceX's satellite technology to provide reliable broadband services nationwide. Jio will also offer installation and activation support for Starlink customers.

Vedanta Slashes $550 Million in Debt

In a significant move to optimize its financial structure, metals and mining giant Vedanta has successfully repaid a substantial $900 million (Rs 6.7) bn high-cost loan. This strategic debt repayment has resulted in a notable reduction of $550 million (Rs 4.1 bn) in the company's net debt.

Furthermore, this repayment is expected to generate considerable annual interest savings of US$ 90 million (Rs 0.7 bn), thereby enhancing Vedanta's financial flexibility.

Vedanta's debt repayment of $900 million is a strategic step in the company's broader deleveraging efforts. As of Q3 FY25, Vedanta's net debt-to-EBITDA ratio has improved to 1.4 times, down from 1.9 times in Q1 FY24.

Furthermore, Vedanta Resources Ltd. (VRL), the parent company, has successfully reduced its debt to 4.9 billion, the lowest level in a decade.

In February, Vedanta successfully raised Rs 6 bn crore through the issuance of unsecured non-convertible debentures (NCDs) with interest rates ranging from 9.4% to 9.5%. This debt issuance drew significant interest from prominent institutional investors, including ICICI Prudential, Kotak, Nippon, Aditya Birla Sun Life, and Axis.

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!

Read the latest Market Commentary

Top Gainers TodayTop Gainers over 1-WeekTop Gainers over 1-MonthTop Gainers over 1-YearTop Gainers over 3-YrsTop Gainers over 5-YrsTop Losers TodayTop Losers over 1-WeekTop Losers over 1-MonthTop Losers over 1-YearTop Losers over 3-YrsTop Losers over 5-YrsOnly BuyersOnly SellersMost Active StocksMost Popular Stocks52 Week High Stocks52 Week Low Stocks

INDICESBSE (Rs 0 to 1)BSE (Rs 1 to 2)BSE (Rs 2 to 4)BSE (Rs 4 to 10)BSE (Rs 10 to 20)BSE (Above Rs 20)BSE - AllBSE-30BSE-100BSE-200BSE-500BSE AutoBSE BankexBSE Capital GoodsBSE Consumer DurablesBSE FMCGBSE HealthcareBSE ITBSE MetalBSE Oil & GasBSE PSUBSE TeckBSE RealtyBSE PowerBSE A GroupBSE B GroupBSE Mid-CapBSE Small-CapBSE Basic MaterialsBSE Consumer DiscretionaryBSE IndustrialsBSE UtilitiesBSE Sensex 50BSE Sensex Next 50BSE Bharat 22BSE 150 MidCapBSE 250 SmallCapBSE 250 LargeMidCapBSE 400 MidSmallCapBSE AllCapBSE LargeCapBSE SmallCap SelectBSE 100 LargeCap TMCBSE InfraBSE ManufacturingBSE CPSEBSE Private BankBSE Diversified FinancialsBSE MomentumBSE Low VolatilityBSE QualityBSE Enhanced ValueBSE Divident StabilityS&P BSE IPOBSE SMEIPOBSE 100 ESGBSE CarbonexBSE GreenexNSE (Rs 0 to 10)NSE (Rs 10 to 20)NSE (Above Rs 20)NSE - AllNSE-50NSE ITNSE Nifty Midcap 50NSE JR. NiftyNSE Bank NiftyNIFTY Next 50NIFTY 100NIFTY 200NIFTY 500NIFTY MidCap 100NIFTY SmallCap 250NIFTY SmallCap 50NIFTY SmallCap 100NIFTY LargeMidCap 250NIFTY MidSmallCap 400NIFTY AutoNIFTY Consumer DurablesNIFTY FinanceNIFTY FMCGNIFTY MediaNIFTY MetalNIFTY PharmaNIFTY Private BankNIFTY PSU BankNIFTY RealtyNIFTY Oil & GasNIFTY SME EmergeNIFTY CommoditiesNIFTY CPSENIFTY EnergyNIFTY India ConsumptionNIFTY InfraNIFTY MNCNIFTY PSENIFTY Serv SectorNIFTY100 Liquid 15NIFTY Midcap Liquid 15NIFTY Midcap 150 Quality 50NIFTY50 Equal WeightNIFTY100 Equal WeightNIFTY100 Low Volatility 30NIFTY100 Alpha 30NIFTY Alpha 50NIFTY Dividend Opportunities 50NIFTY High Beta 50NIFTY Low Volatility 50NIFTY200 Quality 30NIFTY 500 Value 50NIFTY 100 Quality 30SECTORSAgricultureAirlinesAluminiumAsset Management CompaniesAutomobilesAuto AncillariesBanks (Private)Banks (PSU)BankingCementChemicalsDefenceDiagnosticsDronesEngineeringElectric VehicleElectric Vehicle BatteryEnergy SourcesESGEthanolFertilizersFintechFMCGFoodGreen HydrogenHotelsInfrastructureInsuranceInvestment and FinanceInvITIT (Large)IT (Others)LogisticsMediaMetalMiningIndia's Big Tech StocksIndian PharmaMNC PharmaPSUPaintPaperPlasticPowerRating AgenciesReal EstateREITsRenewable EnergyRetailingSemiconductorShippingSteelSugarSupply ChainTelecomTextilesTravel Support Services

10 results 25 results 50 results 100 results All results

Indian Share Market Update: Top Gainers and Losers