Stock markets remained volatile at midday on Tuesday, with several companies drawing investor attention due to fresh developments, quarterly results, and sectoral trends. Here’s a look at six stocks making headlines at noon:
Yes Bank
Yes Bank shares were in focus after the lender reported its quarterly earnings. The bank’s net profit saw a moderate uptick, but asset quality concerns lingered, keeping the stock under pressure. Analysts are watching for further commentary from management on loan growth and non-performing assets.
Coforge
IT services firm Coforge saw its stock move after the company announced its Q4 results. Revenue growth was steady, but margins came under pressure due to higher employee costs and currency fluctuations. Investors are assessing the company’s guidance for the next fiscal year amid a challenging global tech environment.
Ola Electric
Ola Electric continued to attract attention as the company gears up for its much-anticipated IPO. The electric vehicle manufacturer reported strong delivery numbers for its scooters in April, fueling optimism about demand in the EV segment. However, concerns remain over profitability and competition from established automakers.
Other Stocks in News
Another major player saw movement following a large block deal, with institutional investors adjusting their positions. Market participants are tracking further disclosures for clarity on the transaction’s impact.
A leading pharmaceutical company’s shares rose after it received regulatory approval for a new drug. The approval is expected to boost the company’s revenues in the coming quarters.
A key infrastructure firm’s stock was volatile after reports of project delays surfaced. The company has yet to issue an official statement, and investors are awaiting more details.
Market Context
Overall, the Nifty and Sensex traded in a narrow range as investors weighed mixed global cues and awaited further earnings reports from major companies. Sectoral indices were mixed, with banking and IT stocks facing selling pressure, while select pharma and auto stocks outperformed.
Market participants are expected to keep a close watch on these stocks for further developments through the trading session.
