The markets have slipped in afternoon trade. The Nifty is down 0.13% to 24,600 while the Sensex is down 0.19% The small and midcaps have also ome off their inytra-day highs. The BSE Midcap Index is up just 0,3% compared to over half a percent gains earlier today. The BSE Small Cap Index has also falled significantly from intra-day highs and is now up 0.5%.
Here is a look at some of the biggest buzzers in trade today –
Sugar stocks
The sugar sector stocks are rallying in trade today. Several counters like Shree Renuka, Dhampur, Bajaj Hindusthan are up over 14% intra-day after the Government lifted the cap on Ethanol production. In a bid to promote ethanol blending in fuel, the Government has allowed sugar mills and distilleries to produce ethanol from sugarcane juice, sugar syrup, B-heavy molasses, and C-heavy molasses during the Ethanol Supply Year 2025-26 without any restrictions. The government will be reviewing this at regular intervals.
RVNL
The RVNL share price jumped 6% in intra-day trade. This is on account of the strong order pipeline and buzz about the company forming a JV with Texmaco for rolling stocks. The RVNL board, in an exchange filing, stated that “Sukhmal Chand Jain of the Railway Board has assumed the charge as Chairman & Managing Director of Rail Vikas Nigam.”
REC
The share price of REC is up over 2% in trade today. However, it is down 27% so far in 2025. In the last 1 year, the share price has corrected over 40%. It has been one of the top gainers in trade even yesterday (September 1). This key power finance company has the highest domestic credit ratings of “AAA” from all four major credit rating agencies including CRISIL, ICRA, CARE and India Ratings. Internationally too it is at par with the sovereign ratings of India by both Moody’s and Fitch at “Baa3” and “BBB-” respectively.
Power Grid
The Power Grid share price also gained 2% intra-day. The stock is one of the key large cap power picks by Antique. India’s power generation has been trending higher in August, it was up 4 per cent YoY, after a flat Q1.
Mobikwik
The share price of Mobikwik jumped 12% intra-day. As per the NSE block deal report, Abu Dhabi Investment Authority exited its stake (sold 16.44 lakh equity shares) via a block deal. This represents a 2.1% stake in the company.