Stock Highlights: Top Gainers & Losers on October 29

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Stock highlights of the Indian stock market continued its uptrend on October 29 as the Nifty and Sensex extended gains for the second consecutive session. Indices rallied in the second half despite a slow start, with major contributions from the financial and construction sectors. The Sensex closed by gaining 363.99 points, or 0.45%, at ₹80,369.03, while the Nifty rose by 127.60 points or 0.52%, and closed at 24,466.80. A positive market breadth was there as 2,171 shares advanced, 1,533 declined, and 121 remained unchanged. Here is the list of top gainers and losers of the day.

Gainers

Kalpataru Projects International: CMP ₹1,259 (+7%)

Kalpataru Projects stock gained 7% after a good September-quarter performance. A nearly 40% year-over-year surge in net profit to ₹125.6 crore reflected the strength the order book had built up the company with. Revenue did well with a 9.1% increase, while the EBITDA margin at 6.9% improved from that of last year's the same period, showing efficiencies in operation.

JSW Infrastructure (CMP: ₹316.05 | +10%)

Shares of JSW Infrastructure jumped as much as 10% as the company delivered a robust Q2, with its net profit jumping 46% year on year to ₹372 crore. The revenues from operations grew by 18% to ₹1,001.4 crore, showing good business pick-up. The EBITDA margin has risen substantially to 67.5% from 53.8% in the same quarter last year, with significant improvement in operational performance.

Bharat Electronics Ltd (CMP: ₹283.40 | +5%)

BEL's shares jumped 5% after the company released a better-than-expected quarterly profit. BEL was driven by margin expansion in standalone net profit at ₹1,091.27 crore, up 34% year-on-year from the same period last time. Revenues were 14.8% up year on year at ₹4,583.41 crore, helped by a solid order book and an EBITDA margin of 30.4%.

Gillette India (CMP: ₹9,399 | +10%)

Gillette India shares rose over 10% after the company reported a stellar Q2. Net profit zoomed 43.5% to ₹133.01 crore, driven by broad-based growth, especially in rural markets. Revenue from operations went up 17.11% to ₹781.82 crore. Gillette said positive rural demand trends have turned the corner for those markets.

Federal Bank (CMP: ₹200.80 | +8%)

Federal Bank witnessed an impressive 8% jump as the private lender said net profit rose 11% to ₹991 crore in Q2. Total income of the bank went up to ₹7,541 crore from ₹6,186 crore in the same quarter last year, thus showing good momentum.

Ami Organics (CMP: ₹1,810 | +12%)

Ami Organics shares rallied more than 12% after it reported its Q2 results coming back into profitability compared with the loss of the same quarter the previous year. Positive output and outlook had already fortified this series of quarterly results to be so good that fresh buying interest in the stock gained momentum.

J.Kumar Infraprojects CMP ₹ 750.55 | + 4%

J.Kumar Infraprojects' stocks rallied 4% with a healthy Q2 presentation. Consolidated net profit has risen by 23% to ₹90.2 crore, and revenue climbed by 17% at ₹1,292 crores. The EBITDA and EBIT are up well, while debt/equity levels were well controlled at 0.28x.

Losers

Spandana Sphoorty (CMP: ₹377.90 | -18%)

Spandana Sphoorty fell 18% as its Q2 reported a net loss of ₹204 crore against net profits of ₹116 crore during the same quarter last year. Nuvama Institutional Equities shaved 42% off the target price on Spandana Sphoorty on account of the expected continued stress to the microfinance sector.

Suzlon Energy (CMP: ₹68.90 | -3%)

Suzlon Energy shares declined 3% in a quarter during which its net profit rose 96% to ₹201 crore. Suzlon also managed to scale up revenues 48% to ₹2,093 crore on a strong order book of 5.1 GW. However, the EBITDA slipped to 14.1% as compared to last year when it was 15.9%. And that fact also added pressure on investors' minds.

Ola Electric (CMP: ₹76.64 | -2%)

This slipped Ola Electric's share price more than 2% below its listing price for the first time since it went public; the stock has declined three of the last four times and eight of the last 11.

Market Outlook and Industry Performance

The financial and construction sectors led the way on the day as banking stocks also did quite well. Auto, IT, and pharma stocks, however, were under selling pressure due to mixed investor sentiments across the sectors. Bank Nifty rallied on the back of positive cues in the sector, while FMCG and energy stocks supported the broader uptrend. The market breadth was solid, with mid- and small-cap stocks maintaining their outperformance. This trend reveals how investor confidence runs deep into sectors despite a few specific challenges.

Outlook and Key Trends to Watch

Financial and infrastructure continue their rally, hinting at positive market sentiment, though some sectors continue to trouble. Auto and pharma saw declines in their shares, and the market's attention is expected to gravitate towards global cues-such as key economic indicators and policy announcements from major central banks-that could direct further. The coming week may be highly volatile when companies come out with the earnings report. Market participants shall closely monitor performance in sectors like IT, auto and pharma that have taken some profit booking in sessions recently.

Conclusion

Indian stock markets continued being on the recovery and resilience track as of October 29, with financial and construction stocks compensating for the weakness elsewhere. The Nifty and Sensex also continued to be in an uptrend, suggesting that the overall market is still in the space of bull, though this is true only for particular sectors where the challenges are observed. The investors must monitor the earnings reports from those sectors along with the trends in global market development and determine further opportunities in such an environment.