NIFTY50 above 25,100, SENSEX up 368 points in noon deals; Infosys, RailTel, HFCL, JBM Auto among buzzing stocks

Shares of JBM Auto rallied over 11% to ₹696.70 apiece on the NSE as JBM ECOLIFE Mobility (P) Ltd, a JBM Auto Ltd company, has successfully secured a $100 million long-term capital investment in rupee equivalent from IFC The Indian stock market extended its rally in the afternoon session on Friday, September 12, led by gains in auto stocks and positive global cues. At 12:40 PM, the S\&P BSE SENSEX was up 368.15 points, or 0.45%, at the 81,916.88 level, while NSE’s NIFTY50 was trading at the 25,116.75 level, rising 111.25 points, or 0.44%. Bharat Electronics was the most contributing stock, climbing 3.10%, followed by Bajaj Finance (1.99%), Shriram Finance (1.94%), Eicher Motors (1.87%) and Maruti Suzuki (1.82%). On the contrary, Hindustan Unilever (-1.75%), Wipro (-0.81%), IndusInd Bank (-0.69%), NTPC (-0.66%) and Eternal (-0.64%) were the biggest losing stocks on the 50-share index. Also read: BSE, Angel One and other capital market stocks rise ahead of key SEBI board meeting Buzzing stocks on September 12: Check list Infosys Shares of information technology services major Infosys rose over 2% on Friday after the company's board of directors approved its largest-ever share buyback programme, valued at ₹18,000 crore. This share buyback programme by Infosys matches the biggest-ever such scheme by IT major TCS. In 2022, Tata Consultancy Services had bought back 4 crore shares at ₹4,500 per share, for a consideration of ₹18,000 crore. Shares of Infosys were trading 1.22% higher at ₹1,528.10 apiece on the National Stock Exchange at 12:25 PM. In an exchange filing on September 11, Infosys said that it will buy 10 crore fully paid-up shares of a face value of ₹5 each, which is 2.41% of the total paid-up equity share capital, at ₹1,800 per equity share, a premium of 19.22% from Thursday’s closing price of ₹1,509.7 apiece on NSE. RailTel Corporation RailTel Corporation shares surged over 4% after the PSU firm bagged two orders. The Navratna PSU secured a ₹70.94 crore contract from Nashik Municipal Smart City Development Corporation Ltd. The deal entails providing end-to-end solutions, including supply, installation, testing, and commissioning of the City Network Backbone for Nashik and Trimbakeshwar. Further, RailTel also bagged a ₹32.51 crore order from Panvel Municipal Corporation. The order, slated for completion by March 19, 2031, involves the supply, installation, and services to provide connectivity solutions (SDWAN-based Internet Lease Line/MPLS Line) across multiple locations as part of the Panvel Safe City Project. Following this, shares of RailTel gained 4.33% to an intraday high of ₹379.15 apiece on the National Stock Exchange. At 10:25 PM, the stock was trading at ₹371.80 per share, rising 2.34%. Also read: Ambuja Cements, UltraTech Cement: What lies ahead for cement sector following GST rate rationalisation? Paras Defence Paras Defence & Space Technologies shares rallied over 6% after the firm received orders from Opto Electronics Factory (OLF), a unit of India Optel Ltd under the Ministry of Defence, Government of India, on Friday. The company informed exchanges that the fresh orders are worth about ₹26.6 crore, inclusive of taxes. Following the announcement, shares of Paras Defence & Space Technologies have surged 6.11% higher to touch an intraday high of ₹694 apiece on NSE. At 12:27 PM, the scrip was trading 5.90% higher at ₹692 apiece. The orders are for Electronic Control Systems used in the Thermal Imaging Fire Control System (TIFCS), which forms part of battle tank applications supplied by OLF to the Indian Armed Forces. These systems include components such as the control panel for the ballistic computer, the ballistic computer itself, and the gun positioning system. JBM Auto Shares of JBM Auto rallied over 11% to ₹696.70 apiece on the NSE as JBM ECOLIFE Mobility (P) Ltd, a JBM Auto Ltd company, has successfully secured a $100 million long-term capital investment in rupee equivalent from the International Financial Corporation (IFC). The investment will finance the deployment of modern, air-conditioned electric buses across cities in Maharashtra, Assam, and Gujarat. JBM ECOLIFE Mobility is JBM Auto's subsidiary and India's prominent electric bus mobility and EV ecosystem player. The company is currently operating electric buses across multiple cities, including Mumbai, Delhi, Ahmedabad, Surat, Bhuwaneshwar, Hyderabad, Cuttack and many others. JBM ECOLIFE is expanding its network in many other cities and states and will be operating 6,500+ buses within the next two years. HFCL HFCL shares surged 4% after the State Investment Promotion Board approved the acquisition of 1,000 acres of land in Andhra Pradesh for establishing defence manufacturing facilities. Following the announcement, shares of HFCL have surged 4.52% higher to touch an intraday high of ₹73.46 apiece on NSE. The stock opened at ₹71.10, up from the previous close of ₹70.28. The Andhra Pradesh Industries and Commerce Department has said that the State Investment Promotion Board has approved the company’s proposal to get 1,000 acres of land in Madakasira Mandal, Sri Sathya Sai District. The land will be used to set up defence manufacturing units. Also read: Dabur, Britannia: FMCG stocks trade lower amid this negative development; check details Apollo Micro Systems Shares of Apollo Micro Systems surged 7.99% to a 52-week high of ₹321.70 on NSE on Friday, September 12, following the announcement that its step-down subsidiary, Apollo Strategic Technologies Private Ltd (ASTPL), signed a Memorandum of Understanding (MoU) with Dynamic Engineering and Design Incorporation, USA. The MoU was signed for the technology transfer, codevelopment, and potential licensed production of rocket motors for BM-21 Grad ER and Non-ER rockets at DSEI London on September 10. Apollo Group has already successfully developed the 122 mm rocket warhead in-house and is now gearing up to start immediate trials and further establish full-scale production by mid-2026, it said in a regulatory filing. To add Upstox News as your preferred source on Google, click here.