Market trades flat, Britannia's MD & CEO Varun Berry tenders his resignation

By Trendlyne Analysis

Nifty 50 opens higher, after gaining 42.7 points in the pre-opening session. Indian indices closed in the green on Monday. FIIs sold shares worth Rs 4,114.9 crore, while DIIs bought Rs 5,805.3 crore in Indian equities on the same day.

Nifty Smallcap 100 and Nifty Midcap 100 open in the green, tracking the benchmark index. Nifty IT and Nifty India Defence open higher. Investors look ahead to Q2FY26 earnings announcements from companies like Tata Power, Rail Vikas Nigam, Biocon, and Bajaj Finserv today.

Major European indices closed higher on Monday, except Russia’s RTSI and MOEX indices, which closed flat and 0.3% lower, respectively. Major Asian indices are trading with varied trends. US indices closed in the green on Monday, with the Dow Jones and S&P 500 closing 0.8% and 1.5% higher, respectively, as investors anticipate the longest government shutdown in US history to end this week. A compromise to restore Federal funding received initial approval from the Senate; however, it is unclear when Congress will give the final approval.

Swan Defence & Heavy Industries surges to its all-time high of Rs 986.8 as it bags a $220 million (~Rs 1,951.3 crore) letter of intent (LoI) from Europe's Rederiet Stenersen AS. The LoI involves the supply of six chemical tankers with a capacity of 18,000 deadweight tonnage (DWT) each.
Syrma SGS Technology surges to a new all-time high of Rs 892.8 as its net profit jumps 76.8% YoY to Rs 64.1 crore in Q2FY26, helped by lower finance costs. Revenue increases 37.6% YoY to Rs 1,145.9 crore, driven by higher sales in the industrial and automotive segments during the quarter. The company appears in a screener of stocks where mutual funds increased their shareholding in the last quarter.
Ather Energy is rising sharply as its Q2FY26 revenue jumps 57.1% YoY to Rs 940.7 crore, led by an increase in sales volumes. Net loss contracts 21.9% YoY to Rs 154.1 crore, supported by lower inventory and finance costs. It features in a screener of stocks with the highest recovery from their 52-week lows.
Gujarat Gas falls as its Q2FY26 net profit declines 9.4% YoY to Rs 279.8 crore due to higher raw materials, finance, and excise duty expenses. However, revenue grows 1.6% YoY to Rs 4,050.2 crore, led by higher sales volumes of compressed natural gas (CNG) and piped natural gas (PNG). It shows up in a screener of red flag stocks where top management tendered their resignation.
Britannia Industries is falling sharply as its Managing Director (MD) and Chief Executive Officer (CEO), Varun Berry, tenders his resignation, effective November 10. Rakshit Hargave to succeed Berry, effective December 15.
JM Financial reiterates its ‘Accumulate’ rating on DOMS Industries with a target price of Rs 2,875. The brokerage notes that DOMS reported strong Q2 results, surpassing market expectations on both revenue and profit. Growth was led by the core stationery segment, which rose 17.4% YoY. However, traditional categories such as scholastic stationery and art materials remained muted, weighed down by capacity constraints and a shift in consumer preference toward kits and combos.

#MarketToday | DOMS Industries: JM Financial sees 13% upside on this pencil-maker stock post Q2 earnings. Consolidated revenue jumped 24.1 per cent year-on-year (YoY) to Rs 570 crore, exceeding both the brokerage and street estimates by 3–4 per... https://t.co/WBhqeY0sAK
— Business Today (@business_today) November 11, 2025
Triveni Turbine is rising as its revenue increases 1% YoY to Rs 506.2 crore, driven by strong order booking in Q2FY26. Net profit grows marginally by 0.3% YoY to Rs 91.2 crore during the quarter. The company appears in a screener of stocks with improving RoCE over the past two years.
HEG surges more than 10% as its Q2FY26 net profit jumps 74.2% YoY to Rs 143.3 crore, led by lower raw materials and finance costs. Revenue grows 32.9% YoY to Rs 811.5 crore, supported by improvements in the graphite and power segments. It features in a screener of stocks with high Trendlyne momentum scores.
Bajaj Finance is falling sharply as its Q2FY26 net profit misses forecaster estimates by 1.3% despite growing 21.9% YoY to Rs 4,875.4 crore. Revenue jumps 18% YoY to Rs 20,180.8 crore, driven by improvements in assets under management (AUM) and new loans booked. It shows up in a screener of stocks with low Trendlyne durability scores.
Nuvama maintains a 'Buy' rating on Emami with a lower target price of Rs 795. The brokerage notes that the company’s Q2 performance was broadly in line with its estimates. It notes that domestic volumes fell about 16% YoY, as the summer portfolio remained weak. Talc sales plunged 76%, while the international business grew 8% in constant currency. EBITDA margin contracted by 577 bps.

#BrokerageRadar | Nuvama maintains Buy on Emami; trims estimates after weak summer portfolio and margin pressure@Nuvama_Wealth pic.twitter.com/KoOo2szWau
— ET NOW (@ETNOWlive) November 11, 2025
Vodafone Idea is rising as its Q2FY26 net loss contracts 23% YoY to Rs 5,524.2 crore, owing to lower finance costs. Revenue grows marginally by 0.6% YoY to Rs 11,296.6 crore during the quarter. It appears in a screener of stocks with prices above short, medium, and long-term moving averages.
Jindal Stainless is rising as its Q2FY26 net profit jumps 32% YoY to Rs 806.9 crore, helped by lower inventory and finance costs. Revenue grows 11.8% YoY to Rs 10,982.5 crore, driven by higher demand for industrial pipes & tubes, lifts & elevators, metro, railway coaches, and wagons. It features in a screener of stocks with increasing revenue for the past four quarters.
DOMS Industries' Q2FY26 net profit grows 13.5% YoY to Rs 58.3 crore, helped by lower finance costs and inventory destocking. Revenue increases 24.1% YoY to Rs 567.9 crore, driven by strong demand across its stationery and art materials segments during the quarter. The company appears in a screener of stocks outperforming their industry price change in the quarter.
KEC International is rising as its net profit surges 88.2% YoY to Rs 160.8 crore in Q2FY26, helped by inventory destocking. Revenue increases 19.1% YoY to Rs 6,091.6 crore, driven by strong growth across all segments during the quarter. The company appears in a screener of stocks where mutual funds have increased their shareholding in the past two months.
Nifty 50 was trading at 25546 (-28.4, -0.1%) , BSE Sensex was trading at 83690.16 (154.8, 0.2%) while the broader Nifty 500 was trading at 23553.45 (-43.5, -0.2%)
Market breadth is in the red. Of the 2120 stocks traded today, 934 were gainers and 1102 were losers.

Riding High:

Largecap and midcap gainers today include Jindal Stainless Ltd. (740.35, 2.4%), Persistent Systems Ltd. (5,940, 1.3%) and Bharti Hexacom Ltd. (1,792.70, 1.2%).

Downers:

Largecap and midcap losers today include Britannia Industries Ltd. (5,739.50, -6.4%), Bajaj Finance Ltd. (1,016.20, -6.3%) and Bajaj Finserv Ltd. (2,022.40, -4.5%).

BSE 500: highs, lows and moving averages

2 stocks took off, crossing 52 week highs, while 2 stocks tanked below their 52 week lows.

Stocks touching their year highs included - Torrent Pharmaceuticals Ltd. (3,825.80, 0.2%) and Laurus Labs Ltd. (997.75, -0.3%).

Stocks making new 52 weeks lows included - Cohance Lifesciences Ltd. (702.50, -0.4%) and Sapphire Foods India Ltd. (262.05, -1.2%).

8 stocks climbed above their 200 day SMA including Esab India Ltd. (5,477.40, 12.9%) and AIA Engineering Ltd. (3,520, 2.2%). 11 stocks slipped below their 200 SMA including C.E. Info Systems Ltd. (1,713, -6.2%) and Bombay Burmah Trading Corporation Ltd. (1,882.30, -2.8%).