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Trendlyne Marketwatch
10 Nov 2025, 03:59PM
Market closes higher, KPIT Technologies' Q2 revenue beats Forecaster estimates by 3%
By Trendlyne Analysis

Nifty 50 closed at 25,574.35 (82.1, 0.3%) , BSE Sensex closed at 83,535.35 (319.1, 0.4%) while the broader Nifty 500 closed at 23,596.90 (75.4, 0.3%). Market breadth is in the red. Of the 2,610 stocks traded today, 1,101 were in the positive territory and 1,459 were negative.

Indian indices closed higher after rising throughout the day. The Indian volatility index, Nifty VIX, fell 2.1% and closed at 12.3 points. Lenskart Solutions' shares made their debut on the bourses at a 1.7% discount to the issue price of Rs 402. The Rs 7,278 crore IPO received bids for 28.3 times the total shares on offer.

Nifty Smallcap 100 and Nifty Midcap 100 closed in the green, following the benchmark index. Nifty India Defence and Nifty Pharma closed higher. According to Trendlyne’s Sector dashboard,  Software & Services emerged as the best-performing sector of the day, with a rise of 1.2%.

European indices are trading higher. Major Asian indices closed in the green. US index futures are trading higher, indicating a positive start to the session. The US Senate voted in favour of a bill to end the government shutdown. Meanwhile, CoreWeave, Occidental Petroleum, Rocket Lab, and Tyson Foods are set to report their earnings today.

  • Money flow index (MFI) indicates that stocks like CCL Products India, Chennai Petroleum, Five-Star Business Finance, and Navin Fluorine International are in the overbought zone.

  • Anup Engineering rises sharply as it Q2FY26 revenue grows 20.3% YoY to Rs 232.3 crore, driven by higher demand from the oil & gas and petrochemicals segments. However, net profit falls 1.5% YoY to Rs 32.1 crore due to a sharp increase in finance, tax and other expenses. The firm appears in a screener of stocks with low debt.

  • Jyoti CNC Automation is rising as its net profit grows 12.7% YoY to Rs 85.5 crore in Q2FY26, helped by lower inventory buildup. Revenue increases 17.9% YoY to Rs 507.9 crore, driven by strong domestic and international sales in CNC machining centres and machine tool segments during the quarter. The company appears in a screener of stocks where mutual funds have increased their shareholding in the past two months.

  • KPIT Technologies is rising sharply as its Q2FY26 revenue grows 3.6% QoQ to Rs 1,611.3 crore, helped by improvements in the UK & European, and the rest of the world markets. However, net profit declines 1.6% QoQ to Rs 169.1 crore due to higher raw materials, employee benefits, finance, and depreciation & amortisation expenses. It appears in a screener of stocks with increasing revenue for the past eight quarters.

  • CLSA maintains an 'Outperform' rating on FSN E-Commerce (Nykaa) with a higher target price of Rs 298. The brokerage notes that the company’s fashion business reported 27% YoY growth in net sales value (NSV) and a 550 bps improvement in margins during Q2. Overall revenue grew 25%, with a 125 bps rise in EBITDA margin, surpassing the brokerage’s estimates.

  • Great Eastern Shipping Co is rising as its net profit grows 1.1% YoY to Rs 581.4 crore in Q2FY26, helped by lower fuel and water expenses, and foreign exchange gain. However, revenue decreases 8.3% YoY to Rs 1,241.8 crore due to lower sales from the shipping segment during the quarter. The company appears in a screener of stocks underperforming their industry price change in the quarter.

  • HBL Engineering rises to its 52-week high of Rs 1,122 as its net profit surges 375% YoY to Rs 382.2 crore in Q2FY26, led by strong performance in its electronics segment. Revenue rises 131% to Rs 1,203.2 crore, driven by the rail signaling business. The company appears in a screener of stocks outperforming their industry price change in the past month.

  • Emcure Pharmaceuticals rises sharply as it partners with Novo Nordisk India to launch Poviztra, the second brand of Wegovy, for anti-obesity therapy in India. Under the deal, Emcure will handle commercialisation, marketing and distribution to expand access across smaller towns and underserved regions.

  • Crude oil prices rise on optimism that a potential end to the US government shutdown could boost demand in the world’s largest oil consumer, offsetting concerns over rising global supplies. US crude inventories are increasing, while oil stored on ships in Asia has doubled amid tighter Western sanctions and limited import quotas in China.

  • Force Motors' Q2FY26 net profit surges 159.7% YoY to Rs 350.7 crore, driven by inventory destocking. Revenue jumps 8% YoY to Rs 2,105.9 crore, led by increased small & light commercial vehicles, and utility vehicles sales. It features in a screener of stocks with high durability and EPS growth.

  • Axis Direct maintains its 'Buy' call on Aurobindo Pharma, with a target price of Rs 1,345 per share. This indicates a potential upside of 18.2%. The brokerage believes that the company is well-positioned for growth, supported by pricing stability in the US, strong demand in Europe, and healthy uptake in growth markets & anti-retroviral (ARV) drugs. It expects the company to deliver a revenue CAGR of 10.7% over FY26-27.

  • Global Health is falling sharply as its Q2FY26 EBITDA margin contracts 289 bps YoY to 22.4% due to higher raw materials, employee benefits, finance, and retainers & consultant fees expenses. However, revenue grows 14.8% YoY to Rs 1,119 crore, supported by improvements in out-patient & in-patient counts and average revenue per occupied bed (ARPOB). The company plans to expand its bed capacity by 250 beds to 750 in its upcoming Mumbai hospital and increase its capex to Rs 1,530 crore.

  • Sugar stocks like Balrampur Chini Mills and Shree Renuka Sugars are rising after the government approves the export of 1.5 million tonnes of sugar for the 2025–26 season and scraps the export duty on molasses. The move provides millers with an export opportunity at a time when the industry has been under pressure from weak domestic earnings.

  • Trent plunges to its 52-week low of Rs 4,296 as its net profit misses Forecaster estimates by 10.7% despite rising 11% YoY to Rs 373 crore in Q2FY26. Revenue increases 16% YoY to Rs 4,818 crore, led by the expansion of Westside and Zudio and a 56% surge in online sales. It appears in a screener of stocks with a PE higher than the industry PE.

  • Lenskart Solutions' shares debut on the bourses at a 1.7% discount to the issue price of Rs 402. The Rs 7,278 crore IPO received bids for 28.3 times the total shares on offer.

  • Hindustan Aeronautics is rising as it signs a contract with General Electric (GE), USA, reportedly worth $1 billion (~Rs 8,868 crore) for 113 F404-GE-IN20 engines. The engines are for the next batch of 97 Light Combat Aircraft (LCA) Mk1A.

  • Rajiv Rajgopal, CMD of Akzo Nobel India, says the premium segment of the company’s portfolio is performing well. He expects mid- to high single-digit volume growth in Q3 and double-digit growth in Q4. He anticipates competitive intensity to persist for another year and a half and aims to maintain margins at 14–16% while focusing on topline growth.

  • FSN E-Commerce Ventures (Nykaa) is rising as its net profit soars 154% YoY in Q2FY26 to Rs 33 crore. Revenue climbs 25% YoY to Rs 2,346 crore, led by improvements in the beauty, fashion and eB2B Superstore segments. It appears in a screener of stocks with the best results last week in YoY net profit and revenue growth.

  • Shipping Corp of India is falling sharply as its Q2FY26 net profit declines 35.1% YoY to Rs 189.2 crore due to higher employee benefits, finance, and depreciation & amortisation expenses. Revenue decreases 3.7% YoY to Rs 1,436.1 crore, caused by reductions in the liner, bulk carrier, and tanker segments. It shows up in a screener of stocks with declining net cash flow.

  • Neuland Laboratories is rising as its net profit surges 1.9x YoY to Rs 96.9 crore in Q2FY26, helped by inventory destocking. Revenue increases 65.4% YoY to Rs 514.3 crore, driven by growth in commercial projects within its custom manufacturing solutions segment during the quarter. The company appears in a screener of stocks outperforming their industry price change in the quarter.

  • Nuvama maintains a 'Buy' rating on Cummins India with a higher target price of Rs 4,940. The brokerage notes that the company delivered a strong Q2 performance, surpassing its estimates. It highlights that exports remain steady with a run rate above Rs 500 crore, though the management indicates short-term caution due to channel destocking. The operating profit margin (OPM) at 22% marks the fifth consecutive quarter of expansion driven by operating leverage.

  • Bajaj Auto's Q2FY26 net profit jumps 53.2% YoY to Rs 2,122 crore, driven by inventory destocking. Revenue grows 19.5% YY to Rs 16,310.5 crore, led by improvements in two-wheeler and commercial vehicles sales. It features in a screener of stocks with high trailing twelve-month (TTM) EPS growth.

  • National Aluminium Co rises sharply as its Q2FY26 net profit jumps 36.7% YoY to Rs 1,429.9 crore, led by lower power & fuel and employee benefits expenses. Revenue grows 9.1% YoY to Rs 4,443.8 crore, supported by improvements in the chemicals and aluminium segments. It appears in a screener of stocks with rising RoE, momentum and earnings yield.

  • Torrent Pharma is rising as its net profit grows 30.5% YoY to Rs 591 crore in Q2FY26, helped by lower finance costs. Revenue increases 14.3% YoY to Rs 3,302 crore, driven by higher sales across all geographies during the quarter. The company appears in a screener of stocks with improving book value per share over the past two years.

  • Kalyan Jewellers rises as its Q2FY26 net profit surges 99.5% YoY to Rs 260.5 crore, helped by inventory destocking. Revenue jumps 29.8% YoY to Rs 7,907.4 crore, owing to new store additions. It features in a screener of stocks with improving RoE over the past two years.

  • Nifty 50 was trading at 25,572.80 (80.5, 0.3%), BSE Sensex was trading at 83,198.20 (-18.1, 0.0%) while the broader Nifty 500 was trading at 23,600.05 (78.6, 0.3%).

  • Market breadth is in the green. Of the 2,161 stocks traded today, 1,338 were on the uptrend, and 774 went down.

Riding High:

Largecap and midcap gainers today include UNO Minda Ltd. (1,319.30, 7.3%), Torrent Pharmaceuticals Ltd. (3,817.50, 6.6%) and FSN E-Commerce Ventures Ltd. (260.82, 6.1%).

Downers:

Largecap and midcap losers today include Trent Ltd. (4,283.70, -7.4%), Swiggy Ltd. (386.95, -3.6%) and Max Healthcare Institute Ltd. (1,098, -3.3%).

Volume Shockers

24 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included HBL Engineering Ltd. (1,098.80, 12.2%), National Aluminium Company Ltd. (257.36, 9.6%) and Torrent Pharmaceuticals Ltd. (3,817.50, 6.6%).

Top high volume losers on BSE were JM Financial Ltd. (146.90, -7.5%), Trent Ltd. (4,283.70, -7.4%) and Graphite India Ltd. (538.55, -6.7%).

Garware Technical Fibres Ltd. (713.55, -3.3%) was trading at 11.5 times of weekly average. AIA Engineering Ltd. (3,445.70, 5.8%) and FSN E-Commerce Ventures Ltd. (260.82, 6.1%) were trading with volumes 8.5 and 8.2 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

19 stocks took off, crossing 52 week highs, while 11 stocks hit their 52 week lows.

Stocks touching their year highs included - Asian Paints Ltd. (2,650.40, 1.4%), Bank of India (145.94, 0.9%) and Bharat Heavy Electricals Ltd. (273.35, 3.6%).

Stocks making new 52 weeks lows included - Emami Ltd. (525.75, 2.3%) and Trent Ltd. (4,283.70, -7.4%).

13 stocks climbed above their 200 day SMA including AIA Engineering Ltd. (3,445.70, 5.8%) and Aurobindo Pharma Ltd. (1,154.80, 2.8%). 21 stocks slipped below their 200 SMA including Global Health Ltd. (1,183.90, -5.4%) and Amber Enterprises India Ltd. (7,016.50, -2.9%).

 
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The Baseline
07 Nov 2025
Five Interesting Stocks Today - November 7, 2025
By Trendlyne Analysis

1. Lodha Developers:

This Mumbai-basedrealty company rose 5.4% over two trading sessions after announcing itsQ2FY26 results on October 30. Net profit increased 86.5% YoY to Rs 788.7 crore, while revenue grew 44.7% to Rs 3,798.5 crore. Both figures beatforecaster estimates, supported by strong presales and collections.

The companyadded a new Mumbai Metropolitan Region (MMR) project with a gross development value (GDV) of Rs 2,300 crore in Q2. This brought first-half additions to six projects worth Rs 25,000 crore,meeting its full-year business development guidance in just six months.

Projects delayed by Environmental Clearance (EC) issues are nowscheduled for the second half of FY26. A Supreme Court approval in August cleared pending projects, which are primarily in Mumbai. 65% of the year's launches in Mumbai, Pune and Bengaluru are consequently planned for H2.

On the sales outlook, Managing Director Abhishek Lodhasaid, ”Having delivered more than Rs 4,000 crore of presales consecutively for the last 7 quarters, we are now expected to move up towards the run rate in the high 5,000s or low 6,000s.” Management maintains its full-year presales guidance of Rs 21,000 crore.

The company is expanding beyond its core Mumbai market. Pune and Bengaluru now account for about 30% of total presales. Reflecting on this shift, Lodhasaid, “When we did our IPO about 4.5 years ago, our total sales from non-Mumbai markets were only 3%.” The company also plans to enter the Delhi NCR market, with a pilot launch planned for FY27.

Following the results, Motilal Oswalmaintained its ‘Buy’ rating on Lodha, citing steady presales, a stronger launch pipeline post-environmental clearance, and rising non-Mumbai contributions. The brokerage’s price target of Rs 1,888 implies an upside of 53.9%.

2. State Bank of India (SBI):

This state-owned bank’s stock rose 2.3% over the past week, hitting an all-time high of Rs 971.4 after strong Q2FY26 results. Net profit climbed 6.9% YoY to Rs 21,137.3 crore, beating Forecaster estimates. An exceptional gain of Rs 4,593 crore from selling a 13.2% stake in Yes Bank boosted profits.

Revenue jumped 7.4% to Rs 1.8 lakh crore, supported by the corporate and retail banking segments. The bank’s net interest income (NII) rose 3.3%, surpassing estimates, driven by loan growth across the small & medium enterprises, agriculture, retail, corporate, and overseas advances segments. Asset quality improved, with gross and net non-performing assets declining by 40 bps and 11 bps, respectively.

Following the results, SBI Chairman Challa Sreenivasulu Setty offered guidance for the year. "We expect demand for credit to continue in H2FY26," he noted. "Based on the trend, deposits and credit growth of scheduled commercial banks are expected to range from 11-12% during FY26. However, risks persist from volatile global commodity markets and trade disruptions."

The bank plans to list its subsidiary, SBI Funds Management (SBIFML), through an initial public offering (IPO). SBI will sell a 6.3% stake, while its partner, Amundi India Holding, will divest 3.7%. SBIFML is India’s largest asset management company with assets under management of Rs 12 lakh crore in Q2FY26 and a 15.6% market share. Both companies have initiated the IPO process and expect it to be completed in 2026.

Post results, Nirmal Bang maintains its ‘Buy’ call on SBI, with a higher target price of Rs 1,195 per share, a 25% upside. The brokerage is confident in the bank’s long-term growth, driven by its leadership positions in corporate and retail banking, healthy liquidity on the balance sheet, and strong asset quality. It expects SBI to deliver an NII and net profit CAGR of over 12% each, over FY26-28.

3. Tata Consumer Products:

This tea & coffee player rose 2.8% on November 3, following the announcement of its Q2 results. The company’s net profit grew 11% YoY to Rs 404.5 crore, helped by inventory destocking, lower finance costs, and a Rs 97 crore tax credit. Revenue increased 18% to Rs 4,965.9 crore, led by growth in its India business. The company beat Trendlyne’s Forecaster estimates for revenue by 2.8% and for profit by 10%.

Tata Consumer's India business continued its momentum (up 18%), achieving its second straight quarter of double-digit growth. The Foods division surged, driven by performance in value-added salts and the Tata Sampann staples brand.

The Beverages division benefited from falling tea prices. MD & CEO Sunil D’souza said, “Tea prices declined 20% in Q2. Thanks to a good harvest, we anticipate prices to decline further. Coffee prices remained volatile, specifically due to US tariffs making Brazilian coffee costlier. We expect this volatility to subside and prices to normalise over the coming quarter.” The company projects mid-teens revenue growth for its domestic business in FY26, fueled by higher sales volumes, a push toward premium products, and expansion into high-growth segments. 

EBITDA margins declined to 13.5% during the quarter amid cost pressures from its international and non-branded businesses. Management expects an accelerated margin recovery in H2FY26, targeting ~15% by Q4FY26.

Meanwhile, the Starbucks alliance showed a strong recovery in Q2FY26 after a brief slowdown in the quick-service restaurant space. The brand delivered 8% revenue growth, achieved positive same-store sales growth (SSSG), and remained EBITDA positive, signalling healthy core operations. Despite temporary disruptions, the brand continued to expand its menu and footprint, adding 7 new locations, bringing its total to 485 stores across 80 cities.

Motilal Oswal expects Tata Consumer Products to maintain its growth momentum, helped by growth in the core India business on the back of new product launches and volume growth in the tea business. The brokerage has a ‘Buy’ rating on the company with a target price of Rs 1,450.

4.3M India:

Thisindustrial machinery maker surged over 19% last week after reporting a 43% YoY rise in net profit to Rs 191 crore inQ2FY26. This performance was fueled by lower costs for raw materials and growth across all its business segments. EBITDA margin jumped 370 bps to 20.2%, helped by a better mix of products sold and more efficient supply chain management. It features in a screener of stocks increasing net profit and profit margin (QoQ).

The company’s revenue grew 14%, with all segments contributing to this growth. Safety gear demand, higher auto production, infrastructure spending, and new premium consumer products collectively supported the company’s growth.

To build on this success, the company is increasing its investment in sales and marketing to expand its market presence and support volume growth. MD Ramesh Ramaduraistated that the results reflected disciplined execution and a strong focus on customers, while also acknowledging that the timing of some project orders contributed to the gains.

Analystsexpect that the healthcare and consumer segments will maintain their double-digit growth, thanks to upcoming festive season demand and increased spending by institutions. The company's profit margins are expected to remain stable as it continues to focus on selling more high-value, premium products.

Trendlyne classifies the stock as an ‘Expensive Star.’ However, it is considered undervalued based on its current price-to-earnings (PE) ratio and future earnings estimates. The stock has gained over 16% in the last quarter, though its performance over the past year has been flat.

ICICI Securities hasmaintained its ‘Buy’ rating and raised the target price to Rs 35,700, pointing to its record margins and strength in the safety and industrial segment. The brokerage expects further growth from a recovery in the auto sector and increased infrastructure spending. They project revenue to grow at 11.6% CAGR over FY26-28, while net profit is expected to grow faster at 19.7% CAGR over the same period.

5. Latent View Analytics:

The stock of this data processing services company rose over 3% in the past week after it posted strong Q2FY26 results. The company’s net profit grew 11.3% YoY to Rs 44.4 crore. Revenue saw an even bigger jump, rising 19.3%, thanks to strong demand from its banking, financial services, and consumer goods verticals.

Its Q2 operating revenue surpassed Trendlyne's Forecaster estimate by 1.3%, largely driven by a massive 80% surge in engagement tied to its 'Databricks' data intelligence platform. Management is very optimistic about this area, expecting Databricks-related revenue to grow from $11 million last year to over $19 million this year, with a $50 million target in three years. Its stock features in a screener of companies with no debt.

Fueled by this momentum, management has raised its full-year revenue growth forecast to 19-20%. This optimism is built on the strong growth from Databricks and a growing pipeline of Generative AI projects. However, the company is also investing heavily in these same growth areas like AI and local US hiring, which led it to lower its EBITDA margin guidance for the year to 22-23%.

Addressing concerns about US visas, CEO Rajan Sethuraman stated the company is "not very concerned," as it has already secured the visas it needs for the next year. Management also highlighted a strong future pipeline, noting that several small, early-stage projects are expected to scale into multi-million dollar opportunities, in addition to four other large deals worth over $1 million, currently in progress.

This company's stock has weathered the storm of a volatile global tech sector, dipping over 6% in the last year. However, analysts believe this pullback could be an opportunity, as the stock remains in a P/E ‘Buy’ zone. The average 12-month price target from analysts is Rs 523.7.

Brokerage firm ICICI Direct remains optimistic, keeping its ‘Buy’ rating on the stock while trimming its price target to Rs 500. The firm believes the company is positioned for future growth as clients increasingly adopt its GenAI and Databricks solutions. However, it also notes that the heavy investments in these same areas will likely put some short-term pressure on profit margins.

Trendlyne's analysts identify stocks that are seeing interesting price movements, analyst calls, or new developments. These are not buy recommendations.

 
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Trendlyne Marketwatch
07 Nov 2025
Market closes lower, NHPC's Q2 net profit grows 12% YoY
By Trendlyne Analysis

Nifty 50 closed at 25,492.30 (-17.4, -0.1%), BSE Sensex closed at 83,216.28 (-94.7, -0.1%) while the broader Nifty 500 closed at 23,521.50 (8.4, 0.0%). Market breadth is neutral. Of the 2,577 stocks traded today, 1,232 were gainers and 1,302 were losers.

Indian indices closed lower, dragged down by technology and consumer durables stocks, reflecting weakness in growth-focused sectors. The Indian volatility index, Nifty VIX, rose 0.2% and closed at 12.4 points. India’s auto sales jumped 40.5% YoY in October to a record 40.2 lakh units, fueled by a good monsoon, GST 2.0 benefits, and a rebound in rural demand.

Nifty Midcap 100 closed in the green, while Nifty Smallcap 100 closed lower. Nifty Capital Markets and BSE Metal were among the top index gainers today. According to Trendlyne’s Sector dashboard, Hardware Technology & Equipment emerged as the best-performing sector of the day, with a rise of 5.2%.

Asian indices closed mixed, while European indices are trading in the red except Russia’s MOEX & RTSI indices. US index futures traded higher, indicating a positive start to the trading session. Privately produced employment reports are increasingly signaling a weaker US labor market. US companies announced 153,074 job cuts in October, nearly three times the level of the same month last year, led by the technology and warehousing sectors.

  • Relative strength index (RSI) indicates that stocks like Shriram Finance, 3M India, Navin Fluorine International, and State Bank of India are in the overbought zone.

  • Hindalco Industries rises as its Q2FY26 net profit grows 21.3% YoY to Rs 4,741 crore, owing to lower inventory, finance, and power & fuel expenses. Revenue increases 12.6% YoY to Rs 66,771 crore, driven by improvements in the Novelis, upstream & downstream aluminium, and copper segments. It features in a screener of stocks with improving cash flow from operations over the past two years.

  • Interarch Building Solutions surges to its all-time high of Rs 2,616 as its Q2FY26 net profit jumps 56.2% YoY to Rs 32.3 crore. Revenue rises 51.4% YoY to Rs 497.1 crore, led by an improvement in the industrial manufacturing segment. It appears in a screener of stocks with prices above short, medium, and long-term moving averages.

  • Amber Enterprises falls after its revenue declines 2% YoY to Rs 1,647 crore in Q2FY26, dragged by weak consumer durables performance amid poor weather and deferred purchases. The company posts a net loss of Rs 32 crore, compared to a Rs 21 crore profit a year earlier, due to margin pressures. It appears in a screener of stocks with a PE higher than the industry PE.

  • Varun Berry, MD & CEO of Britannia Industries, highlights the company's plans to enter the ready-to-drink (RTD) protein beverage segment. He adds that Britannia will introduce protein drinks in ready-to-drink (RTD) format but does not plan to enter the whey powder market. Berry says the company is consolidating adjacent categories and focusing on scaling up rusks, cakes, croissants, dairy, and biscuits.

  • Divi's Laboratories' Q2FY26 net profit jumps 35.1% YoY to Rs 689 crore, led by lower raw materials expenses. Revenue grows 17% YoY to Rs 2,860 crore during the quarter. It appears in a screener of stocks with high trailing twelve-month (TTM) EPS growth.

  • Pricol rises sharply as its Q2FY26 net profit grows 41.9% YoY to Rs 64 crore. Revenue rises 52% YoY to Rs 987.9 crore, driven by higher sales volumes. It appears in a screener of stocks with annual profits improving over the last two years.

  • NHPC is falling as its Q2FY26 net profit misses Forecaster estimates by 12.9% despite growing 12.4% YoY to Rs 1,021.4 crore, helped by lower power generation, employee benefits, and finance costs. Revenue jumps 6.7% YoY to Rs 3,630 crore during the quarter. It shows up in a screener of stocks with declining RoE over the past two years.

  • Parvat Srinivas Reddy, MD of MTAR Technologies, expects the order book to grow nearly threefold to around Rs 2,800 crore by FY26. He raises FY26 revenue growth guidance to 30–35% from 25%, driven by strong demand in clean energy, nuclear, and space. Reddy adds that the order book is on track, with an additional Rs 480 crore secured post-quarter, bringing it closer to the target.

  • Crompton Greaves falls to its 52-week low of Rs 269.1 as its net profit declines 29.3% YoY to Rs 91 crore due to higher commodity prices and advertising expenses. Revenue for the quarter remains flat at Rs 1,916 crore, despite the impact of prolonged monsoons. It appears in a screener of stocks with expensive valuations according to the Trendlyne valuation score.

  • Linde India is rising as its net profit surges 60.7% YoY to Rs 171 crore in Q2FY26, helped by lower power and fuel costs. Revenue increases 1.5% YoY to Rs 644.2 crore, driven by higher sales from the gases, related products & services segment during the quarter. The company appears in a screener of stocks with improving book value per share over the past two years.

  • ABB India falls as its net profit declines 7.2% YoY to Rs 409 crore due to higher raw materials and employee benefit expenses. Revenue rises 13.7% YoY to Rs 3,285.3 crore during the quarter. It appears in a screener of stocks with a PEG greater than the industry PEG.

  • Nuvama maintains a 'Buy' rating on Aurobindo Pharma with a lower target price of Rs 1,420. The brokerage notes that the company’s Q2 results were largely in line with expectations. It notes that the US base business remains stable, while European operations continue to perform well. Nuvama expects a breakeven in China and a ramp-up at the Penicillin G (Pen-G) plant. Over the medium term, it sees biosimilars and the CDMO segment as key growth drivers.

  • Bharat Heavy Electricals rises as it bags an engineering, procurement & construction (EPC) order worth Rs 6,650 crore from NTPC to set up an 800 MW thermal plant in Odisha.

  • Welspun Enterprises rises as it bags a letter of award (LoA) worth Rs 3,145 crore from Brihanmumbai Municipal Corp (BMC) to set up a 910 million litres per day (MLD) water treatment plant (WTP).

  • Cummins India surges to its all-time high of Rs 4,495 as its Q2FY26 net profit jumps 38.5% YoY to Rs 622.3 crore. Revenue grows 26% YoY to Rs 3,293 crore, led by improvements in the engines and lubricants segments. It features in a screener of stocks with rising net cash flow and cash from operating activities.

  • Nomura maintains a 'Buy' rating on Titan with a higher target price of Rs 4,500. The brokerage notes that steady demand and festive strength drove 18.8% YoY growth in jewellery sales, aided by gold exchange offers and promotions despite high prices. However, it cautions about risks from elevated gold prices, rising regional competition, and growing demand for lab-grown diamonds.

  • Paradeep Phosphates is rising as its Q2FY26 net profit surges 50.2% YoY to Rs 341.9 crore. Revenue jumps 79.2% YoY to Rs 6,913.9 crore during the quarter. It appears in a screener of strong-performing, under-the-radar stocks.

  • Studds Accessories' shares debut on the bourses at a 3.4% discount to the issue price of Rs 585. The Rs 455.5 crore IPO received bids for 73.3 times the total shares on offer.

  • Aarti Industries surges as its net profit doubles YoY to Rs 106 crore in Q2FY26, helped by an exceptional gain of Rs 22 crore. Revenue increases 29.1% YoY to Rs 2,101 crore, driven by higher volumes in its methyl methacrylate (MMA) segment during the quarter. The company appears in a screener of stocks where mutual funds have increased their shareholding in the past two months.

  • According to the Federation of Automobile Dealers Associations (FADA), India’s auto sales surge 40.5% YoY to an all-time high of 40.2 lakh units in October, driven by strong monsoon, GST 2.0 & rural resurgence. Two-wheeler sales grow 51.7% YoY to 31.5 lakh units, while commercial vehicle (CV) sales edge up 17.7% YoY to 1.1 lakh units.

  • Apollo Hospitals Enterprise's Q2FY26 net profit grows 26% YoY to Rs 477.2 crore, owing to lower inventory and finance costs. Revenue rises 13% YoY to Rs 6,358.2 crore, supported by improvements in the healthcare services, retail health & diagnosis, and digital health & pharmacy distribution segments. It appears in a screener of stocks with increasing revenue for the past three quarters.

  • Life Insurance Corp of India is rising as its Q2FY26 net profit jumps 30.7% YoY to Rs 10,098.5 crore, helped by lower commissions and employee benefits expenses. Revenue grows 4.4% YoY to Rs 2.4 lakh crore, led by an improvement in the life non-participating insurance segment. It features in a screener of affordable stocks with high RoE and momentum.

  • Lupin is rising as its net profit surges 73.3% YoY to Rs 1,477.9 crore in Q2FY26, helped by net gain on foreign currency transactions. Revenue increases 24.2% YoY to Rs 7,047.5 crore, driven by strong demand in India and emerging markets during the quarter. The company appears in a screener of stocks outperforming their industry price change in the quarter.

  • Mankind Pharma is falling as its Q2FY26 net profit declines 21.7% YoY to Rs 511.5 crore due to higher raw materials, inventory, employee benefits, finance, and depreciation & amortisation expenses. However, revenue grows 18.9% YoY to Rs 3,789 crore, driven by improvements in the domestic and international markets. It shows up in a screener of stocks with low Piotroski scores.

  • Nifty 50 was trading at 25,378.15 (-131.6, -0.5%), BSE Sensex was trading at 83,049.82 (-261.2, -0.3%), while the broader Nifty 500 was trading at 23,383.60 (-129.6, -0.6%).

  • Market breadth is moving down. Of the 2,097 stocks traded today, 546 were gainers and 1,491 were losers.

Riding High:

Largecap and midcap gainers today include Aditya Birla Capital Ltd. (338.10, 3.4%), IDBI Bank Ltd. (100.42, 3.3%) and Hitachi Energy India Ltd. (20,863, 3.3%).

Downers:

Largecap and midcap losers today include Bharti Airtel Ltd. (2,001.20, -4.5%), Bajaj Holdings & Investment Ltd. (12,580, -4.3%) and ABB India Ltd. (5,016.50, -4.1%).

Crowd Puller Stocks

25 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included L&T Finance Ltd. (303.60, 10.3%), Swan Corp Ltd. (468.90, 7.6%) and Life Insurance Corporation of India (924.15, 3.1%).

Top high volume losers on BSE were Amber Enterprises India Ltd. (7,227, -7.7%), Sai Life Science Ltd. (875.45, -5.1%) and Action Construction Equipment Ltd. (1,022, -4.7%).

Aarti Industries Ltd. (391.80, 0.3%) was trading at 31.4 times of weekly average. Minda Corporation Ltd. (579.20, 1.0%) and Linde India Ltd. (5,861, 0.3%) were trading with volumes 13.2 and 11.9 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

14 stocks took off, crossing 52 week highs, while 14 stocks tanked below their 52 week lows.

Stocks touching their year highs included - Bank of India (144.58, 3.2%), Can Fin Homes Ltd. (880.75, 0.4%) and CCL Products India Ltd. (1,025.15, 5.4%).

Stocks making new 52 weeks lows included - Finolex Cables Ltd. (766.55, -0.4%) and Indian Hotels Company Ltd. (691.30, -0.8%).

15 stocks climbed above their 200 day SMA including Swan Corp Ltd. (468.90, 7.6%) and Angel One Ltd. (2,616.40, 5.2%). 40 stocks slipped below their 200 SMA including Amber Enterprises India Ltd. (7,227, -7.7%) and Bajaj Holdings & Investment Ltd. (12,580, -4.3%).

 
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Trendlyne Marketwatch
06 Nov 2025
Market closes lower, Godrej Properties' Q2 revenue beats Forecaster estimates by 68%
By Trendlyne Analysis

Nifty 50 closed at 25,509.70 (-88.0, -0.3%), BSE Sensex closed at 83,311.01 (-148.1, -0.2%) while the broader Nifty 500 closed at 23,513.15 (-162.3, -0.7%). Market breadth is moving down. Of the 2,583 stocks traded today, 551 were on the uptick, and 1,997 were down.

Indian indices closed lower after extending losses throughout the day. The Indian volatility index, Nifty VIX, fell 1.9% and closed at 12.4 points. Aditya Birla Fashion closed 7.2% lower after its Q2FY26 net loss widened 69% YoY to Rs 295.1 crore, driven by higher costs following the Madura Fashion & Lifestyle demerger.

Nifty Smallcap 100 and Nifty Midcap 100 closed lower. Nifty Media and Nifty Metal were among the top index losers today. According to Trendlyne’s sector dashboard, Hotels, Restaurants & Tourism emerged as the worst-performing sector of the day, with a fall of 3.2%.

Asian indices closed mixed. European indices are trading lower, except for Spain’s IBEX 35, which is trading higher. US index futures are trading flat, indicating a cautious start to the trading session. Reports suggested that lawmakers in Washington could reach an agreement to end the government shutdown by this weekend. Meanwhile, AstraZeneca, Conoco Phillips, and Airbnb are set to report their results later today.

  • Money flow index (MFI) indicates that stocks like State Bank of India, Five-Star Business Finance, 3M India, and Navin Fluorine International are in the overbought zone.

  • Zydus Lifesciences' Q2FY26 net profit grows 38.1% YoY to Rs 1,258.6 crore, helped by a foreign exchange gain of Rs 414 crore. Revenue increases 16.9% YoY to Rs 6,123.2 crore, driven by improvements in the pharmaceuticals and consumer products segments. It features in a screener of stocks with improving book value over the past two years.

  • UPL rises as it posts a net profit of Rs 553 crore in Q2FY26, compared to a net loss of Rs 443 crore in Q2FY25, led by lower raw materials and finance costs. Revenue jumps 9.5% YoY to Rs 12,269 crore, owing to improvements in the crop protection, seeds & post harvest, and non-agro segments. It features in a screener of newly affordable stocks with good financials and durability.

  • Godrej Properties' Q2FY26 net profit jumps 20.8% YoY to Rs 405.1 crore, led by inventory destocking and lower finance costs. Revenue rises 44.8% YoY to Rs 1,950.1 crore during the quarter. It appears in a screener of stocks with the highest FII holdings.

  • Blue Star falls over 6% after the management slashes its FY26 revenue growth guidance to flat from 5% earlier, citing prolonged monsoons, unseasonal rains, and delays in GST cuts that have impacted the air-conditioning sector. The company has also revised the upper-end growth target for its unit control panel (UCP) segment to 7-7.5%.

  • CCL Products rises to its all-time high of Rs 1,004 as its net profit rises 36.4% YoY to Rs 101 crore in Q2FY26, on operational efficiency. Revenue surges 52.6% YoY to Rs 1,126.7 crore, driven by higher export volumes. It appears in a screener of stocks with a PEG lower than the industry PEG.

  • Aurobindo Pharma is falling as its Q2FY26 net profit misses Forecaster estimates by 4.1% despite growing 3.8% YoY to Rs 848.5 crore, helped by lower raw materials and finance costs. Revenue jumps 6% YoY to Rs 8,406.3 crore, supported by improvements in the US, European, and growth markets. It shows up in a screener of stocks with the highest increase in promoter pledges.

  • Medi Assist Healthcare Services is falling as its net profit plunges 62.2% YoY to Rs 8 crore in Q2FY26 due to higher employee benefit expenses and finance costs. However, revenue increases 28.6% YoY to Rs 232.5 crore, driven by improvement in the premium under management during the quarter. The company appears in a screener of stocks underperforming their industry price change in the quarter.

  • State Bank of India plans to divest a 6.3% stake in its mutual fund arm, SBI Funds Management (SBIMF), through an IPO. The Executive Committee of the Central Board of SBI has approved the sale of 3.2 crore shares. Meanwhile, promoter AMUNDI India Holding will offload 1.9 crore shares (3.7%). In total, 10% of SBIMF’s equity, or 5.1 crore shares, will be listed.

  • RBL Bank rises to its 52-week high of Rs 332 after Mahindra & Mahindra sells its entire 3.5% stake for Rs 682 crore via a block deal. The transaction was executed at an average price of Rs 321 per share. This comes after Emirates NBD's plan to acquire a 60% stake in the bank for $3 billion (Rs 2,664 crore).

  • Ola Electric Mobility is falling as its Q2FY26 revenue plunges 42.5% YoY to Rs 756 crore due to a reduction in 2-wheeler sales. However, net loss contracts 15.6% YoY to Rs 418 crore, owing to lower raw materials, inventory, and employee benefits expenses. It appears in a screener of stocks where promoters increased their pledged shares QoQ.

  • Aditya Birla Fashion falls sharply as its Q2FY26 net loss widens 69% YoY to Rs 295.1 crore driven by higher costs post the Madura Fashion & Lifestyle demerger. However, revenue rises 4.3% YoY to Rs 1,581.7 crore, missing Forecaster estimates by 19.6%. It appears in a screener of stocks with low Piotroski score.

  • Ashish Bharat Ram, Chairman and MD of SRF, says that US tariffs have created significant uncertainty, impacting exports to the US over the past three months. He expects 15% growth for the consolidated business and notes that the company will consider a demerger once the packaging business EBITDA surpasses Rs 1,000–1,200 crore.

  • TeamLease is rising as its net profit grows 12% YoY to Rs 28 crore in Q2FY26, driven by growth in specialised staffing and apprenticeships. Revenue rises 8% YoY to Rs 3,041 crore, driven by higher associate volumes and 11,000 net headcount additions. It appears in a screener of stocks with low debt.

  • Delhivery is falling sharply as it posts a net loss of Rs 50.4 crore in Q2FY26 compared to a net profit of Rs 10.2 crore in Q2FY25, due to higher freight, handling & servicing, employee benefits, and finance costs. However, revenue grows 14.8% YoY to Rs 2,651.5 crore, led by improvements in the express parcel and partial truckload (PTL) freight segments. It shows up in a screener of stocks underperforming their industry price change over the past quarter.

  • Redington rises as its Q2FY26 net profit surges 32% YoY to Rs 388 crore, beating Forecaster estimates by 2.4%. Revenue rises 17% YoY to Rs 29,118 crore, driven by strong momentum in its software and mobility solutions groups. It appears in a screener of profit-making companies with high ROCE and low PE.

  • India’s Services PMI slips to 58.9 in October from 60.9 in September, marking the slowest pace since May. Despite demand strength and GST relief supporting operating conditions, intense competition and heavy rains weighed on overall growth.

  • Motherson Sumi Wiring India is rising as its Q2FY26 net profit grows 8.7% YoY to Rs 165.3 crore, owing to lower finance costs and inventory destocking. Revenue jumps 18.5% YoY to Rs 2,762.7 crore, driven by new launches, premiumisation and volume growth. It features in a screener of stocks with prices above short, medium, and long-term moving averages.

  • Orkla India's shares debut on the bourses at a 2.8% premium to the issue price of Rs 730. The Rs 1,667.5 crore IPO received bids for 48.7 times the total shares on offer.

  • Blue Star is rising as its net profit grows 2.9% YoY to Rs 99 crore in Q2FY26. Revenue increases 6.4% YoY to Rs 2,422.4 crore, driven by higher sales from the electro-mechanical projects and commercial air conditioning systems segment during the quarter. The company appears in a screener of stocks where mutual funds increased their shareholding in the last quarter.

  • Nomura retains its 'Buy' rating on Mahindra & Mahindra with a higher target price of Rs 4,355. The brokerage projects SUV volumes to grow 18% in FY26 and 11% in FY27, supported by upcoming battery-electric (BEV), ICE, and hybrid launches. It expects EBITDA margins to improve to 15.3% by FY28, with EV margins turning positive as the full electric lineup benefits from the PLI scheme.

  • Caplin Point Laboratories is rising as its Q2FY26 net profit grows 18.1% YoY to Rs 154.5 crore, owing to lower inventory expenses. Revenue increases 12% YoY to Rs 564.4 crore, led by improvements in the USA and the rest of the world markets. It appears in a screener of stocks with rising revenue for the past eight quarters.

  • CSB Bank is rising as its net profit grows 15.8% YoY to Rs 160.3 crore in Q2FY26. Revenue increases 28.3% YoY to Rs 1,109.2 crore, driven by improvements in the treasury, retail and wholesale banking segments during the quarter. The bank's asset quality improves as its net NPA declines by 17 bps YoY.

  • Sun Pharma is rising as its net profit grows 2.6% YoY to Rs 3,118 crore in Q2FY26, helped by lower material costs. Revenue increases 8.9% YoY to Rs 14,478.3 crore, driven by strong demand in India and emerging markets during the quarter. The company appears in a screener of stocks outperforming their industry price change in the quarter.

  • Britannia Industries rises sharply as its Q2FY26 net profit grows 23.1% YoY to Rs 654.5 crore, helped by lower inventory and employee benefits expenses. Revenue jumps 3.8% YoY to Rs 4,892.7 crore during the quarter. It features in a screener of stocks with low debt.

  • Nifty 50 was trading at 25,666.70 (69.1, 0.3%), BSE Sensex was trading at 83,579.29 (120.1, 0.1%) while the broader Nifty 500 was trading at 23,705.85 (30.4, 0.1%).

  • Market breadth is neutral. Of the 2,181 stocks traded today, 1,017 showed gains, and 1,080 showed losses.

Riding High:

Largecap and midcap gainers today include Bajaj Holdings & Investment Ltd. (13,139, 8.7%), Astral Ltd. (1,566.10, 6.7%) and Asian Paints Ltd. (2,602.90, 4.7%).

Downers:

Largecap and midcap losers today include Grasim Industries Ltd. (2,700.10, -6.3%), Indian Hotels Company Ltd. (697, -6.2%) and Hindalco Industries Ltd. (788.40, -5.2%).

Volume Shockers

36 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included Redington Ltd. (289.95, 15.9%), International Gemmological Institute (India) Ltd. (367.70, 9.7%) and CCL Products India Ltd. (973.10, 9.5%).

Top high volume losers on BSE were Delhivery Ltd. (442.60, -8.7%), Aditya Birla Fashion and Retail Ltd. (78.08, -7.2%) and Blue Star Ltd. (1,785.50, -6.9%).

Bajaj Holdings & Investment Ltd. (13,139, 8.7%) was trading at 23.0 times of weekly average. Astral Ltd. (1,566.10, 6.7%) and LMW Ltd. (15,709, -0.4%) were trading with volumes 12.8 and 7.7 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

13 stocks overperformed with 52 week highs, while 12 stocks were underachievers and hit their 52 week lows.

Stocks touching their year highs included - 3M India Ltd. (35,790, -0.3%), Bharat Petroleum Corporation Ltd. (367.95, -1.3%) and CCL Products India Ltd. (973.10, 9.5%).

Stocks making new 52 weeks lows included - Finolex Cables Ltd. (769.95, -2.2%) and Just Dial Ltd. (753.30, -0.7%).

10 stocks climbed above their 200 day SMA including Redington Ltd. (289.95, 15.9%) and Bajaj Holdings & Investment Ltd. (13,139, 8.7%). 50 stocks slipped below their 200 SMA including Blue Star Ltd. (1,785.50, -6.9%) and Sheela Foam Ltd. (671.50, -6.4%).

 
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The Baseline
06 Nov 2025
By Divyansh Pokharna

India's banking sector is buzzing with excitement. Stock prices for nearly all major banks have climbed over the past month, fueling more investor interest. This upswing is happening because several positive forces are coming together: regulatory easing, global capital inflows, and steady business growth are driving a bright future for the country's lenders.

The Reserve Bank of India (RBI) and the finance ministry are considering new rules that could allow banks to fund mergers and acquisitions (M&A), and attract more foreign investment.

Sashidhar Jagdishan, MD & CEO of HDFC Bank, commented on the proposed M&A rules, “It’s a very positive step…definitely a win-win. It lets us offer another product as part of our services. Even for customers, I believe that it should reduce the cost of the transaction.”

In parallel, recent Q2FY26 results have convinced investors that banks are on solid ground. Healthy revenue and profit growth in several lenders, improving deposit flows, and a decline in bad loans are supporting the rally. 

S&P Global Market Intelligence noted that banks have benefited from recent government reforms, “The outlook for Indian banks is expected to improve in FY26 as margin declines halt and profitability gets a boost.”

Goldman Sachs also highlighted, “With several capital-easing measures taking effect in 2027, and easier offshore borrowing norms, total private-sector credit growth could accelerate over the next two years.”

In this edition of Chart of the Week, we explore what’s driving the momentum, and how these factors are shaping the next phase of India’s banking story.

Policy changes and global flows reshape banking

New rules proposed by the government could transform Indian banking, by allowing banks to finance M&A deals, relax certain lending norms, and increase the limit for foreign ownership in state-run banks. If approved, this would be one of the biggest regulatory shifts in a decade, designed to help Indian banks compete on the world stage.

Global investors are already taking notice. Over the past few months, Dubai’s Emirates NBD recently bought a 60% share of RBL Bank for about $3 billion (~Rs 2,664 crore). Japan’s Sumitomo Mitsui Banking Corp invested $1.6 billion in Yes Bank, and Blackstone took a nearly 10% stake in Federal Bank for $705 million. 

"If the RBI allows state-run banks to fund high-rated M&A deals, then public sector banks will take market share away from foreign banks who’ve been benefitting from this regulatory gap,” noted Bharat Gupta, founder at Au-RRange Ventures.

On top of this, there is more money flowing within India's financial system. Ratings agency CRISIL expects deposits to grow strongly in FY26, partly because the RBI’s 100 bps cash reserve ratio (CRR) cut has freed up more cash for banks to use. Lending continues to expand at 11–12% annually, and bad loans are at an all-time low — signalling a healthier balance sheet across the system.

Another regulatory milestone in progress is the upcoming Expected Credit Loss (ECL) framework, set to be implemented from April 2027. This system will require banks to set aside funds for potential defaults in advance, rather than after they occur. 

While this may cause a one-time hit of around Rs 60,000 crore to sector profits, it will boost transparency and align Indian banking practices with global standards — strengthening long-term stability.

The big banks hold their ground

Among industry giants, the latest quarterly results showed stability, though margins remain under pressure for some. HDFC Bank’s profit grew 11% YoY to Rs 18,641 crore, helped by healthy growth in both loans and deposits. Its share of bad loans also fell to 1.2% from 1.3% a year ago.

ICICI Bank reported a 5% profit increase to Rs 12,359 crore, thanks to steady demand for loans. However, its growth was held back by investment-related losses and tighter profit margins. Kotak Mahindra Bank and Axis Bank also reported modest results, feeling the pinch from higher deposit costs.

Punjab National Bank’s performance was mostly stable. While its income growth was slow, the bank expects things to improve as it adjusts its deposit rates. The story for the major banks overall, is consistent: steady profits and good loan quality, but slower earnings growth due to pressure on their lending profits.

Mid-sized banks lead the momentum

While the large banks provided a steady foundation, the real energy this quarter came from mid-sized lenders. Their skill in growing their business without taking on too much risk has caught the eye of investors.

Bank of Maharashtra, for instance, saw its profit jump 25% YoY to Rs 1,633 crore in Q2. The core income from its lending business (NII) grew by nearly 16%. Karur Vysya Bank’s profit rose 21%, and its total business crossed the Rs 2 lakh crore milestone. Its ratio of bad loans improved significantly, falling to 0.8% from 1.1% last year.

IDFC First Bank and DCB Bank also showed strong progress. IDFC First now has over four million credit card users and maintains a CASA ratio above 50%, while DCB Bank continues to grow its lending to SME businesses.

What makes these banks successful is their approach to growth. While Bank of Maharashtra faced slightly thinner profit margins, its CEO Nidhu Saxena noted that "if there is no rate cut this year, then there would be no further contraction in NIM." This kind of stable profitability, along with fewer bad loans, is making mid-sized banks a key growth engine for the sector.

Laggards face margin and provisioning pressure

Not every bank has shared in the recent success. Some are struggling with shrinking profits because they need to set aside more money for risky loans.

IndusInd Bank reported a loss of Rs 437 crore, a sharp dive from a Rs 1,331 crore profit last year. The bank explained that this was mainly due to money set aside for potential losses (higher provisions) on micro-finance loans. The lender also continues to feel the impact of accounting issues uncovered earlier this year, when irregular entries worth about Rs 2,600 crore came to light.

Likewise, Bandhan Bank's profit fell by 88% YoY to Rs 112 crore, as it faced ongoing stress in its micro-loan business and started shifting its focus to more secure loans (retail and business lending).

RBL Bank and Union Bank of India also reported weaker revenue and higher provisioning, although both are retaining retail-led strategies with a view to recovery.

Bandhan has cut its micro-finance share from 47% to 37% of advances by Q2 and aims to reduce it further to 30-32 % over the next 2-3 years. RBL’s new foreign bank tie-up and Union Bank’s retail expansion plan show that they are positioning for a turnaround.

 
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The Baseline
06 Nov 2025
Earnings season heats up, and superstar investors are smiling
By Tejas MD

Profits areup in Q2 results — out of 267 companies in the Nifty 500that have reported results, 166posted positivenet profit growth. Portfolio trackers are finally giving people something better than red arrows to look at.

October was thebest monthfor theNifty 50since March. But despite this, the index hasn't been able to break the psychological 26,000 barrier. It tried twice in October, stumbled both times, and now hovers below it, like a batsman stuck on 99 not out.

Superstar investors like Vijay Kediaare cautiously optimistic, cheering from the sidelines.

“Indian equities are poised to regain momentum by the end of 2025,”saysSiddhartha Khemka, Head of Wealth Management Research at Motilal Oswal. “Valuations are normalising and earnings are expected to rebound sharply in FY27. The market is setting up for the rally.”

These are optimistic words, but they come with a reminder to be patient.

Retail investors often look up tosuperstar investorslike Kedia for clues on when to hold and when to strike.  So here, we take a closer look at how India’s superstar investors are playing the current market — who’s swinging for the fences, who’s holding their ground, and who’s pretending not to care (but definitely does).

Superstar investors eye a comeback in FY26

For India’s stock market celebrities, the past year has been a lot like a soap opera, with many ups and downs.

In September 2024, more than a year ago, markets and superstar portfolios were hitting record highs. But by March this year, FII outflows, weak earnings, and US tariff tantrums had sent portfolios tumbling.

Now, the market’s mood has flipped again from heartbreak to hopeful, thanks to rising share prices and fresh fund infusions.

Two big winners this quarter areMukul Agrawal and Sunil Singhania.Both saw double-digit jumps in their holdings, thanks to some sharp stock-picking:

These two investors also went on a mini shopping spree. Agrawal picked up 10 new companies, while Singhania — who in previous quarters trimmed stakes in 14 companies and bought just one — made five new buys.

Vijay Kedia joined the action as well, adding stakes in two new companies after several quiet quarters where he only reduced positions.

Not everyone jumped in, though. Akash Bhanshali and Rakesh Jhunjhunwala & Associates (managed by Rare Enterprises) stayed on the sidelines, waiting for market volatility to ease up before making fresh moves.

What new stocks are superstar investors betting on?

Superstar investors collectively bought new stakes in 21 companies in Q2. Only one company—Vikran Engineering—caught the fancy of more than one superstar, with both Mukul Agrawal and Ashish Kacholia picking it up.

Another clear trend here is that superstars are surfing the IPO wave. Out of those 21 new buys, 13 were newly listed in 2025, with nine debuting just last quarter.

Among the star attractions was TechD Cybersecurity, among the best-performing IPOs of the past quarter. Vijay Kedia wasted no time in grabbing a piece of it.

Since these are recently listed companies, many of the new buys in Q2 don’t necessarily have strong valuations or high durability scores.

Many of these newly listed companies may be short-term picks —"let's see how they do" kind of investments. We’ve seen superstars exit new listings quickly. Ashish Kacholia, for instance, held 4.8% inAwfis Space Solutions in Q1FY25 but has already cut his stake to below 1% this quarter.

Agrawal has focused on fundamentally strong companies. Among his Q2 buys, N R Agarwal Industries, a commercial services & supplies firm, scores high across Trendlyne’s DVM scores. Agrawal was a top buyer in the previous quarter as well, taking new positions in seven companies.

A sector catching many eyes? Consumer durables. From air-conditioners to appliances, this category features prominently in multiple superstar portfolios.

Mukul Agrawal and Ashish Kacholia stay nimble, cutting stakes in Q2

Among the six superstars tracked, nine stocks saw their holdings cut below 1%. All of these cuts came from Agrawal and Kacholia — both known for their swift, surgical exits when markets turn. Most of these stocks were laggards.

Jyoti Structures, offloaded by Kacholia, was the biggest underperformer, down over 20% in the quarter. Among the sells, onlyAcutaas Chemicals and Raghav Productivityescaped the red zone.

Vijay Kedia’s 2019 bet Neuland Labs leads the long-term winners 

Neuland Labs, the pharma player and a multibagger held by both Vijay Kedia and Mukul Agrawal, stands out as the best-performing long-term bet. However, Kedia beat Agrawal in returns for this stock and is laughing all the way to his demat account, thanks to his timely entry in 2019 when Neuland was trading at lower levels.

On the other side, Akash’s long-term bet, Sudarshan Chemicals, lags compared to other superstar investors’ long-term performers. His biggest holding, Gujarat Fluorochemicals (30% of his portfolio), has underperformed the benchmark index. But Bhanshali's net worth has almost tripled in the past two years due to high performance in their other holdings and some well-timed stealth buys.

See the complete list of superstar buys here, and their sells here. 


 
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The Baseline
04 Nov 2025
Five stocks to buy from analysts this week - November 4, 2025
By Ruchir Sankhla

1. Brigade Enterprises:

ICICI Securities maintains its ‘Buy’ rating on this real estate developer with a target price of Rs 1,233, an upside of 21.1%. The company delivered strong Q2FY26 results, with revenue jumping 25.6% and net profit soaring 36.6% YoY. Residential sales bookings climbed 15% YoY to Rs 1,460 crore. Analysts Adhidev Chattopadhyay and Saishwar Ravekar highlight that the company achieved record leasing volumes in its office portfolio, driving revenue growth.

Management aims for its FY26 sales guidance of Rs 9,000 crore, supported by a robust pipeline of new launches for H2FY26 totalling 7.5 million square feet, with a gross development value exceeding Rs 8,000 crore. A strong deal pipeline offers opportunities across both residential and commercial segments, as the company plans to expand in Bengaluru, Hyderabad, and Chennai. Over the next 12 months, Brigade holds a pipeline of 11 million square feet of projects across South India.

Chattopadhyay and Ravekar are positive on the company’s hospitality portfolio, which saw 16% YoY revenue growth and is expected to benefit from expansion plans. The company plans to develop nine new hotels with 1,700 rooms across South India, investing Rs 3,600 crore in capex over FY26-30. They project Brigade to deliver a revenue CAGR of 20.6% and a net profit CAGR of 31.2% over FY26-28.

2. Transport Corporation of India:

Motilal Oswal reiterates its ‘Buy’ call on this transportation company with a target price of Rs 1,500, an upside of 26.9%. In Q2FY26, revenue grew 7.5% YoY and net profit increased 5.8%, driven by demand from the automobile, fast-moving consumer goods, and consumer durables sectors. Analysts Alok Deora and Shivam Agarwal highlight that the company’s cargo shipping division, Seaways, remains the largest profit contributor.

Management expects 10-12% revenue and profit growth in FY26 and sees freight division margins recovering from FY27. The company plans a capex of Rs 450 crore for the financial year for new trucks, cold chain expansion, and two additional rail rakes for sport utility vehicle transport. Freight segment margins is expected to bottom out by the end of FY26 and recover by almost 100 basis points in FY27. The supply chain business has benefited from new contracts and higher multimodal movement.

Deora and Agarwal expect growth momentum to improve as the company scales its cold chain and supply chain network, increases higher-margin less-than-truckload freight, and adds new rail capacity. Analysts point to long-term policy tailwinds like the Sagarmala programme and the government’s plan to double the waterways' share in logistics by 2030 as key structural positives.

3. Federal Bank:

ICICI Direct upgrades its rating to ‘Buy’ on this bank, with a target price of Rs 275, an upside of 15.6%. Analysts Vishal Narnolia and Parth Chintkindi highlight the board’s approval of a Rs 6,197 crore preferential issue of 27.3 crore warrants to Blackstone at Rs 227 per warrant, as the key trigger for the upgrade. On full conversion, Blackstone will own 10% and secure a board seat. 

Management states that fresh capital offers flexibility to accelerate loan growth, invest in new businesses, and explore inorganic opportunities. The bank continues to guide for loan growth at 1.5–2 times the industry average, led by commercial banking, vehicle finance, and property loans. Margins have recovered, with net interest margin improving 12 bps sequentially to 3.1% in Q2FY26, supported by lower deposit cost and a shift toward mid-yield segments.

Narnolia and Chintkindi believe the capital infusion strengthens the balance sheet and provides ample headroom for growth and margin expansion. They project margins will trend higher as term deposits reprice and loan growth accelerates. New wealth products and the bank’s non-banking finance subsidiary, FedFina, add upside to revenue by FY27. 

4. Indus Towers: 

Emkay upgrades this telecom infrastructure company to a ‘Buy’ call, with a target price of Rs 460, an upside of 17.2%. The company posted strong Q2FY26 results, with revenue growing 10.3% QoQ to Rs 8,357.7 crore, driven by improvements in tenancy and revenue per tenancy. The company added 4,301 towers during the quarter, bringing its total to 2.6 lakh. Analysts Pranav Kshatriya and Aryan Tripathi note that the company achieved growth from record tower additions and improved collections from Vodafone Idea.

Management plans to leverage Bharti Airtel's market presence to expand its operations in Africa, with roll-out expected within 3-6 months. Analysts believe this expansion in Africa will limit capital misallocation risk and create long-term value. However, consistent currency depreciation and challenges in upstreaming dividends from Africa pose major challenges.

Kshatriya and Tripathi believe the Supreme Court decision, allowing the government to reconsider Vodafone Idea’s AGR dues reassessment, boosts confidence in Indus Towers' long-term revenue visibility. They project Indus Towers will deliver a revenue CAGR of 7.2% over FY25-27.

5. NLC India:

Axis Direct maintains its ‘Buy’ rating on this power generation company, with a target price of Rs 310, an upside of 18.3%. In Q2FY26, both power generation and thermal output rose 2% YoY, with total generation at 6,767 megawatts. The plant load factor of the TPS-II expansion rose to 43% from 26% over the past year after modifications. Revenue grew 14%, helped by higher sales from the mining segment. However, net profit declined 26% due to lower other income.

Management notes that operational performance has stabilised, supported by higher plant load factors and stronger coal output. The company aims to double its mining capacity by 2030 and significantly increase both thermal and renewable power capacity, with renewables projected to grow more than seven times. The company highlights upcoming projects, such as Ghatampur thermal units and battery-storage-linked renewable plants, as key earnings drivers.

Analysts Aditya Welekar and Darsh Solanki believe this expansion pipeline strengthens long-term earnings visibility. They estimate total capital expenditure of Rs 1.2 lakh crore, which will almost double the company’s equity to Rs 18,320 crore by 2030. Welekar and Solanki believe the commissioning of new thermal, renewable, and mining assets will support sustained growth in both volumes and profitability.

Note: These recommendations are from various analysts and are not recommendations by Trendlyne.

(You can find all analyst picks here)

 
T
Trendlyne Marketwatch
04 Nov 2025
Market closes lower, Suzlon Energy's Q2 net profit surges 6.4x YoY
By Trendlyne Analysis

Nifty 50 closed at 25,597.65 (-165.7, -0.6%), BSE Sensex closed at 83,459.15 (-519.3, -0.6%) while the broader Nifty 500 closed at 23,675.45 (-135.3, -0.6%). Market breadth is in the red. Of the 2,580 stocks traded today, 853 were gainers and 1,684 were losers.

Indian indices closed lower after extending losses in the afternoon session. The Indian volatility index, Nifty VIX, closed flat at 12.7 points. Hitachi Energy India closed 13.5% as its Q2FY26 net profit jumped 5.1x YoY to Rs 264.4 crore, led by inventory destocking.

Nifty Smallcap 100 and Nifty Midcap 100 closed in the red, tracking the benchmark index. Nifty CPSE and S&P BSE Utilities were among the worst-performing indices of the day. According to Trendlyne’s sector dashboard, Telecom Services emerged as the highest-performing sector of the day, with a rise of 1.7%.

European indices are trading lower, except Russia’s RTSI and MOEX indices, which are trading 1.5% higher, each. Major Asian indices closed in the red, except Malaysia’s KLCI and Sri Lanka’s CSE All-Share indices, which closed flat. US index futures are trading lower, indicating a cautious start to the session as investors look for opinions on the state of the US economy from Federal Reserve members. Meanwhile, Advanced Micro Devices (AMD), Shopify and Uber Technologies are set to report their results later today.

  • Relative strength index (RSI) indicates that stocks like Indian Bank, Navin Fluorine, Shriram Finance, and Federal Bank are in the overbought zone.

  • State Bank of India rises to its all-time high of Rs 958.6 as its Q2FY26 net profit jumps 10% YoY to Rs 20,159.7 crore. Revenue grows 4.5% YoY to Rs 1.3 lakh crore, owing to improvements in the corporate and retail banking segments. The bank's asset quality improves as its gross and net NPAs decline by 40 bps and 11 bps YoY, respectively.

  • Adani Ports & SEZ's Q2FY26 net profit grows 27.2% YoY to Rs 3,109.1 crore. Revenue jumps 35.7% YoY to Rs 10,004.1 crore, led by an improvement in port & SEZ activities. It features in a screener of stocks with increasing revenue for the past three quarters.

  • Mahindra & Mahindra's Q2FY26 net profit jumps 17.7% YoY to Rs 4,520.5 crore owing to inventory destocking and higher tax returns. Revenue grows 21.3% YoY to Rs 33,421.6 crore, driven by improvements in the farm equipment, financial services, and industrial businesses & consumer services segments. It features in a screener of stocks near their 52-week high with significant volumes.

  • JM Financial downgrades CDSL to a 'Reduce' rating with a target price of Rs 1,500. The brokerage notes that its average daily turnover (ADTO) across BSE and NSE fell about 18% YoY in Q2. It adds that while KFintech’s entry into the KYC segment adds competition, CDSL hasn’t seen any material impact. It believes CDSL is well-positioned to benefit from rising market participation, though muted activity and lower trading volumes may pressure earnings.

  • TBO Tek rises as its Q2FY26 net profit surges 33% YoY to Rs 90.8 crore, driven by strong growth in its hotels and packages segment. Revenue jumps 26% YoY to Rs 567.5 crore, led by higher bookings and wider platform adoption. It appears in a screener of stocks with increasing profits every quarter for the past three quarters.

  • Kirloskar Brothers falls as its Q2FY26 net profit plunges 25% YoY to Rs 72.2 crore due to higher employee and operating costs. Revenue declines 1% YoY to Rs 1,027.7 crore, impacted by muted domestic demand and slower project execution. It appears in a screener of stocks with expensive valuations according to the Trendlyne valuation score.

  • One Mobikwik Systems is falling as its Q2FY26 net loss expands 8x YoY to Rs 28.6 crore, caused by higher finance costs. Revenue declines 4.9% YoY to Rs 279.3 crore during the quarter. It shows up in a screener of stocks with negative profit growth, where promoters are decreasing their shareholdings.

  • Jefferies maintains a 'Buy' rating on Ajanta Pharma with a lower target price of Rs 3,120. The brokerage notes that the company’s Q2 results beat estimates after adjusting for forex, reflecting strong execution. Management expects continued momentum in the US in FY26, driven by new launches and generics expansion, along with faster growth in Africa from a larger field force and deeper market reach. Jefferies projects an EBITDA margin of 27%, supported by ongoing investments in Asia and Africa.

  • SJS Enterprises rises to its 52-week high of Rs 1,786.4 as its Q2FY26 net profit jumps 48% YoY to Rs 43.3 crore, driven by premium product demand and strong growth in the 2W segment. Revenue climbs 25% YoY to Rs 241.8 crore, supported by robust 2W sales and higher exports. It appears in a screener of stocks with high TTM EPS growth.

  • Suzlon Energy is rising as its Q2FY26 net profit surges 6.4x YoY to Rs 1,279.4 crore, driven by a deferred tax credit of Rs 718.2 crore. Revenue jumps 83.7% YoY to Rs 3,897.3 crore, supported by improvements in the wind turbine generator, foundry & forging, and operation & maintenance services segments. It appears in a screener of stocks with rising net cash flow over the past two years.

  • 3M India surges as its net profit jumps 43% YoY to Rs 191.3 crore in Q2FY26, helped by lower material and finance costs. Revenue increases 14% YoY to Rs 1,266.5 crore, driven by broad-based growth across business segments during the quarter. The company appears in a screener of stocks where mutual funds have increased their shareholding in the past two months.

  • Bernstein initiates coverage on Swiggy and Eternal with an ‘Outperform’ rating and target prices of Rs 570 and Rs 390, respectively. The brokerage cites the strong positioning of both companies in India’s expanding food delivery (FD) and quick commerce (QC) markets. While QC remains a key growth driver, Bernstein cautions about rising competition. The firm estimates the QC market could reach $35 billion by FY30.

  • Bharti Hexacom falls as its Q2FY26 net profit misses Forecaster estimates by 2.2% despite rising 66.4% YoY to Rs 421.2 crore, helped by lower access charges, finance and sales & marketing expenses. Revenue grows 10.5% YoY to Rs 2,317.3 crore, driven by higher income from mobile services and home, office & other services segments. It shows up in a screener of stocks with PE higher than the industry PE.

  • Axis Direct upgrades Maruti Suzuki to a 'Buy' call from 'Hold', with a higher target price of Rs 18,170. This indicates a potential upside of 17.2%. The brokerage believes that GST reforms and Maruti’s two new launches, which aim to strengthen its presence in the high-growth utility vehicles segment, will help drive growth in a stagnant small passenger car market. It expects the company to deliver a revenue CAGR of 10% over FY26-28.

  • Cipla enters an agreement to acquire a 100% stake in Inzpera Healthsciences for a cash consideration of Rs 110.7 crore to strengthen its presence in the paediatrics and wellness segments.

  • Manish Tandon, CEO and MD of Zensar Technologies, says Q2 revenue growth was impacted by the slowdown in the telecom, media, and tech segments, as well as spending cuts by tech clients. He highlights that the company’s exposure to these segments has come down to 20% from 27–28% last year. Tandon expects Zensar to perform in line with the industry in FY26 and maintains margin guidance in the mid-teens, around 15%.

  • Gland Pharma is falling sharply as its Q2FY26 net profit misses Forecaster estimates by 16.6% despite growing 12.3% YoY to Rs 183.7 crore, led by lower inventory expenses. Revenue jumps 7.2% YoY to Rs 1,571 crore, driven by improvements in the USA and European markets. It appears in a screener of stocks with declining RoCE over the past two years.

  • JK Paper is falling as its net profit plunges 41.8% YoY to Rs 74.8 crore in Q2FY26 due to higher wood costs and lower sales realisations amid cheap imports. However, revenue increases 3.9% YoY to Rs 1,748.5 crore, driven by higher sales from the paper and packaging segment during the quarter. The company appears in a screener of stocks outperforming their industry price change in the quarter.

  • Power Grid Corp of India is falling as its Q2FY26 net profit declines 6% YoY to Rs 3,566.1 crore due to higher employee benefits expenses. Revenue decreases 1.5% YoY to Rs 11,670.2 crore, caused by reductions in the transmission and telecom segments. It shows up in a screener of stocks with growing costs YoY for long-term projects.

  • Elara maintains an 'Accumulate' rating on Westlife Foodworld with a lower target price of Rs 640. The brokerage notes that Q2 results missed expectations due to weak same-store sales growth (SSSG) and cost pressures. Store count rose 10% YoY to 450, and the company targets 572 stores by FY28. It expects recovery from Q3 and SSSG to turn positive in H2.

  • Titan is rising as its Q2FY26 net profit jumps 59.1% YoY to Rs 1,120 crore, owing to inventory destocking. Revenue grows 28.5% YoY to Rs 18,837 crore, supported by improvements in the watches, jewellery, and eyecare segments. It appears in a screener of stocks where superstar investors are buying stakes.

  • Hitachi Energy India surges almost 10% as its Q2FY26 net profit jumps 5.1x YoY to Rs 264.4 crore, led by inventory destocking. Revenue grows 23.3% YoY to Rs 1,915.2 crore, driven by higher order execution. It features in a screener of stocks with rising net cash flow and cash from operating activities.

  • City Union Bank is rising as its net profit grows 15.2% YoY to Rs 328.6 crore in Q2FY26. Revenue increases 15.3% YoY to Rs 1,653.1 crore, driven by improvements in the treasury, retail and wholesale banking segments during the quarter. The bank's asset quality improves as its gross and net NPAs decline by 112 bps and 72 bps YoY, respectively.

  • Bharti Airtel is rising as its net profit surges 89% YoY to Rs 6,791.7 crore in Q2FY26, helped by lower access charges. Revenue increases 25.7% YoY to Rs 52,145.4 crore, driven by broad-based growth across both India and Africa operations during the quarter. The company appears in a screener of stocks with improving book value per share over the past two years.

  • Nifty 50 was trading at 25,755.40 (-8.0, 0.0%), BSE Sensex was trading at 84,000.64 (22.2, 0.0%), while the broader Nifty 500 was trading at 23,806.55 (-4.2, 0.0%).

  • Market breadth is in the green. Of the 2,098 stocks traded today, 1,229 were on the uptrend, and 800 went down.

Riding High:

Largecap and midcap gainers today include Hitachi Energy India Ltd. (20,457, 14.2%), Balkrishna Industries Ltd. (2,361.20, 2.8%) and Dabur India Ltd. (517.05, 2.7%).

Downers:

Largecap and midcap losers today include Hero MotoCorp Ltd. (5,309, -4.2%), Solar Industries India Ltd. (13,640, -3.7%) and Schaeffler India Ltd. (4,137.80, -3.3%).

Movers and Shakers

26 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included 3M India Ltd. (35,780, 16.6%), Hitachi Energy India Ltd. (20,457, 14.2%) and City Union Bank Ltd. (258.65, 9.6%).

Top high volume losers on BSE were Hero MotoCorp Ltd. (5,309, -4.2%), Affle 3I Ltd. (1,832.80, -3.4%) and Alkyl Amines Chemicals Ltd. (1,828.40, -3.3%).

TBO Tek Ltd. (1,589, 6.2%) was trading at 82.2 times of weekly average. Alembic Pharmaceuticals Ltd. (960.70, 4.0%) and Star Cement Ltd. (251.30, -3.3%) were trading with volumes 19.1 and 14.3 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

20 stocks took off, crossing 52 week highs, while 6 stocks hit their 52 week lows.

Stocks touching their year highs included - Bank of India (142.16, 0.0%), Bharat Petroleum Corporation Ltd. (372.95, 1.5%) and Bharti Airtel Ltd. (2,113.30, 1.9%).

Stocks making new 52 weeks lows included - Godrej Agrovet Ltd. (649.15, -1.8%) and KNR Constructions Ltd. (179.46, -1.0%).

13 stocks climbed above their 200 day SMA including Alembic Pharmaceuticals Ltd. (960.70, 4.0%) and Ajanta Pharma Ltd. (2,610.70, 2.8%). 30 stocks slipped below their 200 SMA including Supreme Petrochem Ltd. (692.10, -3.9%) and Bharat Dynamics Ltd. (1,481.10, -3.6%).

 
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Trendlyne Marketwatch
03 Nov 2025
Market closes higher, Japan’s MUFG is in talks to buy 20% stake in Shriram Finance
By Trendlyne Analysis

Nifty 50 closed at 25,763.35 (41.3, 0.2%), BSE Sensex closed at 83,978.49 (39.8, 0.1%) while the broader Nifty 500 closed at 23,810.70 (100.3, 0.4%). Market breadth is in the green. Of the 2,592 stocks traded today, 1,378 were gainers and 1,162 were losers.

Indian indices closed higher after switching between gains and losses throughout the day. The Indian volatility index, Nifty VIX, rose 4.2% and closed at around 12.7 points. Bharat Petroleum Corp hit a 52-week high as its Q2FY26 net profit surged 2.7x YoY, led by lower raw materials and finance costs. Revenue grew 2.3% YoY during the quarter. 

Nifty Smallcap 100 and Nifty Midcap 100 closed in the green, following the benchmark index. Nifty PSU Bank and Nifty Pharma closed higher. According to Trendlyne’s Sector dashboard, Telecom Services emerged as the best-performing sector of the day, with a rise of 1.9%.

European indices are trading flat or higher. Major Asian indices closed mixed. US index futures are trading in the green, indicating a positive start to the session. BP signed an agreement to divest its US midstream assets to Sixth Street for $1.5 billion as part of its ongoing efforts to reduce net debt. Meanwhile, Palantir Technologies, Vertex Pharmaceuticals, and Williams Companies are set to report their earnings today.

  • Money flow index (MFI) indicates that stocks like Five-Star Business Finance, Navin Fluorine International, Mangalore Refinery and Petrochemicals, and State Bank of India are in the overbought zone.

  • Ambuja Cements is rising as its Q2FY26 net profit surges 3.7x YoY to Rs 1,765.7 crore, led by a Rs 1,464.8 crore tax return. Revenue jumps 19% YoY to Rs 9,431.5 crore, supported by improvements in the cement and ready mix concrete segments. It features in a screener of stocks with prices above short, medium, and long-term moving averages.

  • Shriram Finance rises to its all-week high of Rs 799.9 as reports suggest Japan’s MUFG is in advanced talks to acquire a 20% stake for $3.5–4 billion (Rs 33,000–35,000 crore) via fresh capital infusion.

  • Mahindra Holidays & Resorts India rises as its Q2FY26 net profit surges 47% YoY to Rs 16.9 crore, supported by higher occupancies and strong operating leverage. Revenue grows 6% YoY to Rs 749.5 crore, driven by steady resort income and expansion in the India vacation ownership business. It appears in a screener of stocks with high TTM EPS growth.

  • Vodafone Idea jumps over 9% after the Supreme Court allows the government to reconcile all AGR dues up to FY2016–17. The move provides major relief ahead of its Rs 18,000 crore AGR installment due in March 2026.

  • AWL Agri Business is falling as its Q2FY26 net profit declines 21.3% YoY to Rs 244.9 crore due to higher raw materials, inventory, employee benefits, and finance costs. However, revenue grows 20.4% YoY to Rs 17,525.6 crore, led by improvements in the edible oil and industry essentials segments. It shows up in a screener of stocks where promoters are decreasing their shareholding.

  • NOCIL falls as its Q2FY26 revenue misses Forecaster estimates by 7%, declining 11% YoY to Rs 657 crore. Net profit drops 58% YoY to Rs 29 crore, weighed down by pricing pressure, weaker exports, and lower margins. It appears in a screener of stocks with growing costs YoY for long-term projects.

  • Zensar Technologies falls as its Q2FY26 net profit misses Forecaster estimates by 2.6% despite rising 17.4% YoY to Rs 176.8 crore. Revenue grows 7.8% YoY to Rs 1,673 crore, driven by strength in the hi-tech & manufacturing segments, and steady demand from key markets. It appears in a screener of stocks with expensive valuations according to the Trendlyne valuation score.

  • Rajesh Jain, COO of RR Kabel, projects volume growth of 18% by FY26. He expects consolidated margins to be around 8% and wires & cables (W&C) business margins at about 8.5% during the same period. Jain anticipates the fast-moving electrical goods (FMEG) segment to break even by FY26. He adds that the company aims to maintain its market share and believes the industry is large enough to accommodate new entrants.

  • SBFC Finance rises to its 52-week high of Rs 123 as its Q2FY26 revenue grows 31% YoY to Rs 411 crore, driven by strong loan growth in the secured MSME segment. Net profit climbs 30% YoY to Rs 109 crore, aided by higher loan yields and better cost control. It appears in a screener of stocks with high TTM EPS growth.

  • Hindustan Unilever receives a tax demand of Rs 1,986.3 crore from the Income Tax Department for FY21. The order cites transfer pricing adjustments and disallowance of related-party payments and depreciation claims.

  • Eicher Motors rises as its sales increase 13% YoY to 1.2 lakh units in October, driven by a 15% growth in domestic sales. However, exports decline by 7% YoY during the month.

  • India’s manufacturing PMI rises to 59.2 in October, up from 57.7 in September. The rise was fueled by GST relief measures, enhanced productivity, and increased investments in technology.

  • TVS Motor rises as its total wholesales grow 11% YoY to 5.4 lakh units in October, driven by a 10% YoY increase in two-wheelers and a 21% YoY growth in international business.

  • Schaeffler India is rising sharply as its Q2FY26 net profit jumps 22.4% YoY to Rs 289.3 crore, led by inventory destocking. Revenue grows 14.9% YoY to Rs 2,463 crore, helped by improvements in the automotive technologies, vehicle lifetime solutions, bearings & industrial solutions, and intercompany exports segments. It features in a screener of stocks with increasing profits over the past four quarters.

  • Medplus Health Services is rising as its net profit jumps 43.3% YoY to Rs 55.5 crore in Q2FY26, helped by inventory destocking. Revenue increases 6.5% YoY to Rs 1,679.3 crore, driven by improvements in the retail and diagnostic services segments during the quarter. The company appears in a screener of stocks with improving book value per share over the past two years.

  • Zen Technologies gains over 3% after securing two major contracts worth Rs 289 crore from the Ministry of Defence (MoD) to upgrade its anti-drone systems (ADS). The company expects to complete the projects within a year.

  • JK Cement falls as its Q2FY26 net profit misses Forecaster estimates by 11.4% despite rising 17% YoY to Rs 160.5 crore. Revenue grows 18% YoY to Rs 3,019 crore, driven by higher cement volumes and improved capacity utilisation. It appears in a screener of stocks with a PE higher than the industry PE.

  • Tata Chemicals is falling as its Q2FY26 net profit declines 60.3% YoY to Rs 77 crore, caused by higher raw materials, inventory, employee benefits, and freight & forwarding expenses. Revenue decreases 2.2% YoY to Rs 4,015 crore due to reductions in the basic chemistry products and specialty products segments. It shows up in a screener of stocks with PE higher than the industry PE.

  • Bharat Petroleum Corp rises to its 52-week high of Rs 362 as its Q2FY26 net profit surges 2.7x YoY to Rs 6,191.5 crore, led by lower raw materials and finance costs. Revenue grows 2.3% YoY to Rs 1.1 lakh crore, owing to improvements in the downstream petroleum and hydrocarbons exploration & production segments. It appears in a screener of stocks with high trailing twelve-month (TTM) EPS growth.

  • Shankha Banerjee, CEO of Dr Lal PathLabs, says the company is on track to achieve 11–12% growth in FY26. He expects margins to remain in the 27–28% range for the year. Banerjee adds that there are no immediate plans to increase prices in the second half of FY26. He notes that higher volumes and an improved product mix drove Q2 growth.

  • Balkrisha Industries is falling as its Q2FY26 net profit declines 21.3% YoY to Rs 273.2 crore, driven by higher inventory, employee benefits, and depreciation & amortisation expenses. Revenue decreases 1.8% YoY to Rs 2,464.7 crore during the quarter. It shows up in a screener of stocks with medium to low Trendlyne momentum scores.

  • Phoenix Mills rises as its Q2FY26 net profit grows 39.4% YoY to Rs 304 crore, helped by lower finance and electricity expenses. Revenue jumps 20% YoY to Rs 1,146.2 crore, driven by improvements in the property & related services, hospitality services, and residential business segments. It features in a screener of stocks with consistently high returns over the past five years.

  • Patanjali Foods' Q2FY26 net profit surges 67.4% YoY to Rs 516.7 crore, helped by lower inventory buildup. Revenue increases 20.2% YoY to Rs 9,798.8 crore, driven by improvements in the edible oils and FMCG segments during the quarter. The company appears in a screener of stocks where mutual funds have increased their shareholding in the past two months.

  • Bank of Baroda's net profit falls 8.2% YoY to Rs 4,809.4 crore in Q2FY26. Revenue increases 4.1% YoY to Rs 31,510.8 crore, driven by improvements in the treasury and retail banking segments. The bank's asset quality improves as its gross and net NPAs contract by 34 bps and 3 bps YoY, respectively, during the quarter.

  • Nifty 50 was trading at 25,687.85 (-34.3, -0.1%), BSE Sensex was trading at 83,935.38 (-3.3, 0%) while the broader Nifty 500 was trading at 23,727.50 (17.1, 0.1%).

  • Market breadth is in the green. Of the 2,182 stocks traded today, 1,291 were gainers and 798 were losers.

Riding High:

Largecap and midcap gainers today include Schaeffler India Ltd. (4,278.70, 6.4%), Shriram Finance Ltd. (796.45, 6.4%) and Godrej Consumer Products Ltd. (1,178.60, 5.4%).

Downers:

Largecap and midcap losers today include Patanjali Foods Ltd. (578.15, -4.0%), Maruti Suzuki India Ltd. (15,651, -3.3%) and Adani Green Energy Ltd. (1,105.20, -3.1%).

Movers and Shakers

22 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included Wockhardt Ltd. (1,413.80, 10.3%), Sterling and Wilson Renewable Energy Ltd. (238.70, 8.5%) and Medplus Health Services Ltd. (820.05, 7.5%).

Top high volume losers on BSE were Zensar Technologies Ltd. (755.90, -5.2%), Aptus Value Housing Finance India Ltd. (301.35, -5.1%) and JK Cement Ltd. (5,899.50, -5.1%).

Schaeffler India Ltd. (4,278.70, 6.4%) was trading at 18.1 times of weekly average. Patanjali Foods Ltd. (578.15, -4.0%) and 3M India Ltd. (30,700, 3.9%) were trading with volumes 9.6 and 8.9 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

24 stocks took off, crossing 52 week highs, while 6 stocks tanked below their 52 week lows.

Stocks touching their year highs included - Bank of Baroda (291.20, 4.6%), Bank of India (142.13, 1.6%) and Bharat Petroleum Corporation Ltd. (367.30, 2.9%).

Stocks making new 52 weeks lows included - Westlife Foodworld Ltd. (588.20, -0.9%) and Cohance Lifesciences Ltd. (742.85, -1.4%).

26 stocks climbed above their 200 day SMA including Medplus Health Services Ltd. (820.05, 7.5%) and Indus Towers Ltd. (382.75, 5.3%). 14 stocks slipped below their 200 SMA including Zensar Technologies Ltd. (755.90, -5.2%) and Patanjali Foods Ltd. (578.15, -4.0%).

 
logo
The Baseline
31 Oct 2025
Five Interesting Stocks Today - October 31, 2025
By Trendlyne Analysis

1. Indian Oil Corporation (IOC):

The stock of this oil marketing company rose over 10% in the past week. It announced its Q2FY26 results on October 27, reporting a net profit of Rs 7,817.6 crore, a sharp turnaround from the Rs 169.6 crore loss recorded in the same quarter last year. This impressive swing was driven by better refinery margins, inventory gains, and company-wide cost-cutting.

The company’s Q2 net profit surpassed Trendlyne’s Forecaster estimate by 43.9% on the back of strong gross refining margins, of $10.7 per barrel in the quarter. Its stock appears in a screener of companies which have consistently generated high returns over the past five years.

Addressing the company's oil sourcing, IOC Chairman A S Sahney confirmed that while the share of Russian crude fell to around 18-19% in the quarter from 22% in the last quarter, the company continues to buy it in full compliance with all sanctions. He delivered some good news on the domestic front, noting that the losses on selling LPG cylinders are expected to fall to just Rs 25 per cylinder in the next quarter, down from Rs 100 in the quarter just ended.

The company’s future growth appears to be on schedule. Management noted that major expansion projects at its Panipat, Gujarat, and Barauni refineries are all on track to be commissioned by mid-2027. So far this fiscal year, the company has done capex of Rs 15,900 crore on these and other projects, and is on pace to meet its full-year investment target of Rs 33,500 crore.

Reflecting this positive momentum, brokerage firm Emkay has maintained its ‘Buy’ rating on the stock and raised its target price to Rs 190. The firm is optimistic about the economic environment supporting IOC's profits, but it also cautions that any wild swings in crude oil prices, currency, or government policy could pose future risks.

2. Varun Beverages (VBL): 

This beverage bottler & distributor’s stock jumped 9.1% on October 29 after it posted strong Q3CY25 results. Net profit surged 19.6% YoY to Rs 741.2 crore, beating Forecaster estimates by 14.6%, thanks to lower inventory and finance costs.

Revenue climbed 4.8% YoY to Rs 5,195.8 crore, driven by growth in the carbonated soft drinks (CSD), non-carbonated beverages (NCB) and water segments. Strong international sales offset a weaker performance in India, where prolonged rainfall dampened demand. The company's net realisation per case dipped marginally to Rs 179, as lower-margin water products made up a larger share of international sales.

Varun Beverages plans to expand into the alcoholic beverages business to capture the rising demand for ready-to-drink (RTD) products. The company signed an agreement with Carlsberg Breweries to package and market its beers in Southern Africa.

The recent stock jump follows a challenging year in which the share fell 22.4%, hit by a slow winter season and unseasonal rains. A high PE ratio of 72.9 in January, compared to the industry average of 32.7, also raised valuation concerns among investors.

Looking ahead, Chairman Ravi Jaipuria expects a rebound in the domestic market, noting, "We expect double-digit revenue growth in India if the weather remains favourable. While the extended monsoon impacted consumption, we remain confident in the long-term potential. Our ongoing investments position us well to capture demand recovery in the upcoming season.”

Following the results, Yes Securities maintained its ‘Buy’ rating, raising its target price to Rs 625 per share, a 33.1% upside. The brokerage points to capacity additions, distribution expansion, and new international opportunities as key drivers for long-term growth, forecasting revenue and net profit to grow at 12.9% and 19.1% annually over FY25-27.

3. Newgen Software Technologies:

ThisIT solutions company rose 8.5% over the past week after reporting itsQ2FY26 results. Net profit grew 27% YoY, beating Forecaster estimates by 39%. The growth was driven by ramp-up in project execution and higher share of revenue from international markets. Revenue rose 11% YoY, led by a 22% increase in the US and Asia Pacific regions.

Newgen’s subscription revenue grew 20%, highlighting a steady shift towards recurring income. About 60% of total revenue now comes from subscriptions and support. Banking and financial services remained the largest segment, contributing 68% to revenue, followed by insurance, healthcare, and government clients.

Analysts believe that the company's move toward recurring revenue model is improving earnings stability. Growth in software-as-a-service (SaaS) and subscriptions has helped offset weaker traditional license sales, which account for 18% of revenue and have slowed due to delays in large deal closures across India and EMEA (Europe, Middle East, and Africa). Newgen added 15 clients in Q2, mainly in the US, Europe/UK, and Singapore.

EBITDA margin rose 250 bps to 25.5% during Q2, supported by higher revenue from high-margin SaaS and mature markets, along with AI-driven productivity efforts. Co-founder and Director TS Varadarajansaid, “We are leveraging AI to enhance service delivery and productivity, targeting 20–30% efficiency gains over the next year once we deploy all the tools.” He added that their AI-driven automation and document processing are seeing rising adoption, especially among government and enterprise clients.

ICICI Direct has a ‘Buy’ rating on Newgen with a target price of Rs 1,180. The brokerage said wage hikes in Q3FY26 may slightly impact margins, but higher SaaS contribution, and efficiency gains from automation and AI should support profitability. It projects Newgen’s revenue and net profit to grow at a CAGR of 15% and 26% over FY26–27.

4. Navin Fluorine International:

This commodity chemicals company surged to a new all-time high of Rs 5,839 on October 31 following its Q2 results. The company’s net profit jumped 1.5X YoY to Rs 148.4 crore, helped by lower employee costs. 

Revenue increased 46% to Rs 758 crore due to strong performance across all its business segments. The company beat Trendlyne’s Forecaster estimates for revenue by 6.7%, and for profit by 42.3%. The management raised its FY26 margin guidance to 28-30%, up from an earlier guidance of 25%.

Navin Fluorine announced a Rs 236.5 crore capex plan to add 15,000 MTPA (million tonnes per annum) of new production capacity at its Surat facility, specifically for R32 refrigerant gas. This expansion is designed to meet the rising demand from the refrigeration and air conditioning sector, both at home and abroad. 

The company projects a "better second half" driven by its new production facilities coming online and faster completion of large orders, particularly in its high-profit contract manufacturing business. Commenting on this, CFO Anish Ganatra said, “We expect the business to accelerate its growth and are targeting this division to achieve annual sales of $100 million by FY27, driven by delivering on major long-term contracts."

Following the company’s results, UBS maintained its ‘Buy’ rating with a higher target price of Rs 5,900. The brokerage sees strong medium-term growth potential in its agrochemicals, contract manufacturing, and newer refrigerant products.

5.Shree Cements:

Thiscement manufacturer jumped 2.2% on October 29 following strongQ2FY26 results. Net profit skyrocketed, tripling YoY to Rs 308.5 crore, while revenue climbed 17.4% to Rs 4,761.1 crore, fueled by a jump in premium product sales from 15% to 21% of its mix. The companyaims to maintain its premium product share at 20-21% by prioritising higher-margin products rather than pursuing large-volume growth.

During the quarter, cement sales volumejumped 6.8% YoY to 8.1 million tonnes, decisivelybeating the industry’s 3-5% growth. However, sequential volumes dipped as heavy monsoons in North India stalled construction activity.

The company's UAE businessposted strong results, driven by robust local demand and higher prices. To capitalise on this momentum, the company is expanding its capacity with a new 3 million tonnes per annum (MTPA) grinding unit and a 0.5 MTPA kiln upgrade. The AED 110 million (~Rs 260 crore) investment will be funded entirely from cash on hand.

Looking ahead, Shree Cements is targeting a major capacity expansion, boosting production from ~62.8 MTPA to over 80 MTPA by FY28-29. This growth will be fueled by an annual capex of Rs 3,000 crore. MD Neeraj Akhoury confirmed the progress,saying, “The work on the integrated project at Kodla, Karnataka, of 3 million tonnes is in the final stage of completion and expected to be commissioned in Q3FY26.”

While competitors chase market share, Shree Cement says it is focused on profit over sheer sales volume. This means smart pricing and brand strength rather than just selling more bags. The approach is paying off so far: the company closed its price gap with top rivals to just Rs 15–20 per bag. It also sold more of its premium products and raised overall prices by 9% during the quarter. Akhouryconfirmed that this focus on value is the company's plan for the future.

Following the results, ICICI Directissued a 'Buy' rating, anticipating accelerating volume growth in H2FY26. The brokerage forecasts CAGR for FY26-28: 11% in revenue, 19% in EBITDA, and 34% in net profit. Profitability will be fueled by a trifecta of factors: higher premium sales, greater use of green power, and lower logistics and fuel costs. 

Trendlyne's analysts identify stocks that are seeing interesting price movements, analyst calls, or new developments. These are not buy recommendations.