D-Street Newsmakers: Asian Paints, Canara Bank, Sonata Software, IRM Energy and other stocks that gained focus on October 26

Indian equities continued to slump for the sixth consecutive session on Thursday, tracking weak global markets. Nifty tumbled 265 points or 1.39 per cent, to 18,857 levels, while the 30-share Sensex settled 901 points, or 1.41 per cent, lower at 63,148. Meanwhile, broader markets staged a steep recovery from the day’s low, with the Nifty Midcap 100 index ending over 1 per cent lower after declining more than 2 per cent intraday. 

Here are the 10 stocks that saw the most action today: 

Asian Paints: Shares of the paint manufacturer ended with a cut of over 3 per cent at Rs 2,958.4 after the company missed analysts’ estimates in its Q2 results released today. PAT at the firm came in at Rs 1,232.39 crore, registering a 53.31 per cent increase year-on-year (YoY). 

Canara Bank: Shares of the state-run lender ended on a positive note after the bank posted a 43 per cent YoY jump in net profit in Q2 FY24, together with improved asset quality. The lender’s shares closed around 2 per cent higher at Rs 359.85 per share. 

Affle India: Shares of the IT enabled services firm ended weak by around 1 per cent at Rs 1,016.95 after the company in its board meeting today approved the issuance of equity shares worth Rs 749.02 crore on a preferential basis to Gamnat Pte. Ltd, a step-down subsidiary of the Minister for Finance, Government of Singapore. 

Axis Bank: Shares of the private lender ended with decent gains of 1.74 per cent at Rs 972 after the bank posted a 10 per cent YoY increase in net profit for the Q2 period at Rs 5,863 crore. 

IRM Energy: After a weak market debut amid brutal sell-off today, shares of the gas supplier ended with a cut of over 6 per cent at Rs 473.15. The IPO issue price was fixed at Rs 505 per share. 

Sonata Software: Shares of the IT consulting firm ended with whopping gains of 10 per cent at Rs 1,145 after its mixed Q2 show. The consolidated net profit during the review period grew 3.4 per cent sequentially to Rs 124.2 crore. 

Rallis India: Shares of the pesticides company ended with 5 per cent gains at Rs 216.25. The company reported a mixed set of numbers for the July–September period. 

Zen Technologies: Shares of the defence player were locked in the 5 per cent upper circuit at Rs 708.9. The gains were triggered after the company bagged an order worth Rs 100 crore from the MoD. 

Indian Bank: Shares of the state-run lender ended with a cut of over 2 per cent at Rs 400.45, even as the bank reported a healthy jump in its net profit for the quarter under review. 

ACC: Shares of the cement manufacturer ended around 1 per cent higher at Rs 1,907.8 after the company posted a turnaround in its Q2 performance, with net profit coming in at Rs 387.88 crore as against a net loss of Rs 87.32 crore in the same period last year.