Top Buzzing Stocks Today: Piramal Pharma, PB Fintech, EaseMyTrip, Dabur, IEX

On Wednesday, September 25, stock markets were trending downward with major indices reflecting a bearish outlook. The S&P BSE SENSEX was down by 129 points, settling at 84,784.62, a 0.15% decline. Similarly, the NSE NIFTY50 dropped 52 points, trading at 25,888.75, a dip of 0.2%. Amid this general market downturn, several stocks stood out, capturing attention for various reasons. Here's a look at the top movers:

• EaseMyTrip: Shares of Easy Trip Planners took a significant hit, plunging to a 52-week low of ₹33.64 on the BSE. The freefall was triggered by a large block deal, with reports suggesting that shares worth ₹176.5 crore changed hands during the session.

• Piramal Pharma: Bucking the market trend, Piramal Pharma’s shares surged over 5%, reaching ₹228.60 on the BSE. The pharma giant’s ambitious growth strategy, announced at a recent analyst meeting, is aimed at hitting $2 billion in revenue by 2030, with a targeted EBITDA margin of 25%. A Jefferies report lauded the company’s plan to leverage contract development and manufacturing opportunities for continued growth.

• PB Fintech: Shares of Policybazaar’s parent company, PB Fintech, slipped by 7%, trading at ₹1,715 after the company revealed that Gopalan Srinivasan resigned as Independent Director, effective September 24, 2024.

• Delta Corp: Delta Corp's stock gained 5% after announcing the demerger of its hospitality and real estate business into Delta Penland (DPPL), signaling a new phase of growth for the company.

• Vakrangee: Vakrangee shares rallied by 12%, touching ₹27.37, following board approval for the preferential allotment of 20 crore convertible warrants to non-promoter investors.

• IEX: Shares of the Indian Energy Exchange (IEX) dropped nearly 5% amid news of the government planning to implement market coupling by FY25.

• Dabur: The FMCG giant saw a 5% decline in its stock price after UBS raised concerns about its valuation and the rising competition in the beverage and coconut oil markets.

• IT Stocks: Tech majors such as TCS, Infosys, and HCL Tech continued their slide, reflecting the ongoing struggles in the IT sector.

• Metal Stocks: On the flip side, metal stocks extended their rally for a second straight day, fueled by China's significant economic stimulus package aimed at countering deflationary trends. Despite this, experts caution that additional fiscal measures will be required to meet growth targets.

• Gillette India: Shares fell 3% after the company disclosed that Procter & Gamble Bangladesh would be terminating its distribution agreement with Gillette India, effective December 31, 2024. The company expects a proportional decline in sales as a result.