Shares of Piramal Pharma, United Breweries, and Syngene surged significantly in October 2026, driven by sharp increases in trading volumes and improved financial results. This article explains the reasons behind these stock movements and highlights the key figures from recent quarterly reports.
- Piramal Pharma's trading volume jumped 37.5 times to 9.61 crore shares on the National Stock Exchange (NSE).
- United Breweries shares rose 15% to an intraday high of ₹1,316 with a 35.2 times volume increase.
- Syngene's trading volume increased 17 times to 1.15 crore shares, reflecting strong operational performance.
- Several other companies also experienced notable volume spikes and share price changes.
Why did Piramal Pharma shares surge in October 2026?
Piramal Pharma posted a net profit of ₹6 crore for the July-September quarter (Q2 FY27), a significant turnaround from a net loss of ₹99 crore in the same quarter last year. The company’s revenue from operations increased by 28% year-on-year to ₹2,617 crore. This growth was driven by strong performance across all three of its business segments.
Trading volume in Piramal Pharma shares rose dramatically to 9.61 crore shares, which is 37.5 times its average volume of 25.62 lakh shares on the NSE. This surge in volume indicates heightened investor interest following the positive quarterly results.
What factors contributed to United Breweries’ share price and volume increase?
United Breweries reported a strong operational performance with its earnings before interest, taxes, depreciation, and amortization (EBITDA) doubling to ₹260 crore from ₹130 crore in the previous year’s quarter. The company’s trading volume spiked by 35.2 times to 39.77 lakh shares compared to its average volume of 1.13 lakh shares on the NSE.
The share price advanced 15% to reach an intraday high of ₹1,316, reflecting investor confidence in the company’s improved profitability and operational efficiency.
How did Syngene perform in the recent quarter?
Syngene’s trading volume increased 17 times to 1.15 crore shares from an average of 6.77 lakh shares. The company reported a consolidated net profit of ₹14 crore for Q2 FY27, a 353% increase from ₹3 crore in the same period last year. Revenue from operations rose 43% to ₹934 crore, indicating strong business growth.
What other companies showed notable trading volume changes?
Other companies also experienced significant volume increases. For example, one company’s trading volume jumped 8.3 times to 97.67 lakh shares compared to an average of 11.79 lakh shares. Another saw a 7.1 times increase to 1.03 crore shares from an average of 14.48 lakh shares. These volume spikes often correlate with changes in company performance or market sentiment.
How did the broader market perform on October 28, 2026?
The Indian equity benchmarks showed a partial recovery in noon trading on October 28, 2026. Gains in stocks like Larsen & Toubro, HDFC Bank, State Bank of India, Axis Bank, and Mahindra & Mahindra supported the market. However, weakness in Reliance Industries, Infosys, Bharti Airtel, ICICI Bank, and TCS kept the markets in negative territory overall.
As of 1:33 pm, the SENSEX was down by 278 points at 73,320, while the NIFTY50 index rose by 22 points to 22,727.
What caused the marginal decline in PAT for one company despite volume gains?
The marginal decline in profit after tax (PAT) for one company was mainly due to the minimum corporate tax computed on revenue of its Bangladesh subsidiary under local regulations. This affected consolidated tax expenses during the quarter, despite increased trading volumes and operational performance.
