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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