Top market news today - 31st October 2024

Top gainer: Cipla Limited 1,561 ▲ 143 (+10.10%)
Top loser: Tech Mahindra Limited 1,604 ▼ 65 (-3.9%)

:star: Shares of Larsen & Toubro (L&T) jumped as much as 7.2%
Shares of Larsen & Toubro (L&T), the infrastructure major, jumped as much as 7.2% to ₹3654.95 apiece on the BSE after the company reported a robust set of numbers for the September quarter (Q2 FY25). L&T’s consolidated profit after tax (PAT) stood at ₹3,395 crore in the second quarter of the financial year 2024-25, reflecting an increase of 5% from ₹3,223 crore a year back. The income grew 21.1% to ₹62,655.85 crore for the quarter under review, compared to ₹52,157.02 crore in the corresponding period last fiscal.

:star: Tata Power shares were trading over 3%
Shares of Tata Power were trading over 3% higher at ₹441.60 apiece on the BSE, a day after the company reported its quarterly results. As per the company’s press release, Tata Power reported a profit after tax (PAT) (before exceptional items) on a consolidated basis of ₹1,533 crore, up 51% year-on-year (YoY).

:star: Cipla shares zoomed as much as 9.87%
Shares of Cipla zoomed as much as 9.87% to ₹1,557.45 apiece on the BSE after the pharma company said in its exchange filing that the United States Food and Drug Administration (USFDA), vide communication dated Wednesday, October 30, 2024, has classified its manufacturing facility in Goa as Voluntary Action Indicated (VAI).