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Trendlyne Marketwatch
11 Nov 2025, 04:03PM
Market closes higher, Bajaj Finance's Q2 net profit grows 22% YoY
By Trendlyne Analysis

 

Nifty 50 closed at 25,694.95 (120.6, 0.5%), BSE Sensex closed at 83,871.32 (336.0, 0.4%) while the broader Nifty 500 closed at 23,682.65 (85.8, 0.4%). Market breadth is in the red. Of the 2,589 stocks traded today, 1,163 were gainers and 1,375 were losers.

Indian indices closed higher after erasing losses in the afternoon session. The Indian volatility index, Nifty VIX, rose 1.5% and closed at 12.5 points. Vodafone Idea closed 7.8% in the green as its Q2FY26 net loss contracted 23% YoY to Rs 5,524.2 crore, owing to lower finance costs.

Nifty Smallcap 100 closed lower, while Nifty Midcap 100 closed higher, tracking the benchmark index. Nifty India Defence and S&P BSE Services were among the best-performing indices of the day. According to Trendlyne’s sector dashboard, Transportation emerged as the highest-performing sector of the day, with a rise of 2%.

European indices are trading higher, except Portugal’s PSI index, which is trading 0.5% lower. Major Asian indices closed mixed. US index futures are trading lower, indicating a cautious start to the session as investors assess the end of the US government shutdown. Meanwhile, Alcon, AngloGold Ashanti and Oklo are set to report their results later today.

  • Relative strength index (RSI) indicates that stocks like Shriram Finance, CCL Products, 3M India, and Federal Bank are in the overbought zone.

  • Bajaj Finserv is falling sharply as its Q2FY26 net profit misses Forecaster estimates by 21.2% despite growing 7.5% YoY to Rs 2,244.1 crore. Revenue jumps 11% YoY to Rs 37,402.9 crore, led by improvements in the life and general insurance segments. It appears in a screener of risky value stocks.

  • RateGain Travel Technologies falls as its Q2FY26 net profit declines 2.3% YoY to Rs 51 crore due to higher employee benefits and other expenses. However, revenue jumps 6.4% YoY to Rs 295.1 crore, helped by new customer acquisitions. It features in a screener of stocks with declining profits for the past two quarters.

  • MOIL is rising as its net profit jumps 41% YoY to Rs 70.4 crore in Q2FY26, helped by lower material costs. Revenue increases 19.2% YoY to Rs 348 crore, driven by higher sales in the mining products segment during the quarter. The company appears in a screener of stocks where mutual funds have increased their shareholding in the past month.

  • UBS expects India’s nominal GDP growth to ease to 8.5% in FY26, the lowest since FY20 (excluding the pandemic). It sees scope for a 25 bps rate cut by the Reserve Bank of India (RBI) in FY26, followed by a pause in FY27. The brokerage also expects household consumption to remain resilient, supported by an estimated $70 billion stimulus over FY26–27.

  • EID Parry (India) is rising as its Q2FY26 net profit jumps 38.9% YoY to Rs 424.4 crore. Revenue grows 25.3% YoY to Rs 11,775.7 crore, supported by improvements in the nutrient & allied business, crop protection, sugar, distillery, nutraceuticals, and consumer products segments. It features in a screener of strong performing, under the radar stocks.

  • Unichem Laboratories rises sharply as its revenue grows 14.1% YoY to Rs 579 crore in Q2FY26. However, it reports a net loss of Rs 11.9 crore, compared to a profit of Rs 24.6 crore in Q2FY25, hit by a Rs 58 crore European Commission fine. The company features in a screener of stocks with low debt.

  • Bharat Forge is rising as its net profit grows 22.9% YoY to Rs 299 crore in Q2FY26, driven by strong performance in the defence and forging segments. Revenue grows 9.3% YoY to Rs 4,032 crore, supported by steady demand across automotive and industrial sectors. It appears in a screener of stocks with high momentum scores.

  • Morgan Stanley maintains an 'Overweight' rating on Bajaj Finance with a target price of Rs 1,195. The brokerage views the stock as a 'Tactical Buy' and expects it to gain over the next 60 days. It forecasts profit growth of over 25% for FY27, with potential upside from lower credit costs and improved cost efficiencies. The brokerage also highlights that the company delivered one of the strongest Q2 performances among large-cap private NBFCs.

  • Cera Sanitaryware is falling as its Q2FY26 net profit declines 16.8% YoY to Rs 56.6 crore due to higher raw materials, inventory, and employee benefits expenses. Revenue decreases marginally by 0.8% YoY to Rs 504.5 crore during the quarter. It shows up in a screener of stocks with an increasing trend in non-core income.

  • 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.

  • According to data released by the Association of Mutual Funds in India (AMFI), mutual funds’ net SIP (systematic investment plan) inflows rise to an all-time high of Rs 29,529 crore in October, up slightly from Rs 29,361 crore in September. Meanwhile, total assets under management (AUM) increase to Rs 79.9 lakh crore from Rs 75.6 lakh crore in the previous month.

  • 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.

  • 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.

  • 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 Bharat Forge Ltd. (1,402.10, 5.6%), Bharat Heavy Electricals Ltd. (285.80, 4.6%) and InterGlobe Aviation Ltd. (5,782.50, 3.5%).

Downers:

Largecap and midcap losers today include Bajaj Finance Ltd. (1,005.20, -7.4%), Bajaj Finserv Ltd. (1,989.40, -6.1%) and Bajaj Holdings & Investment Ltd. (12,156, -3.6%).

Movers and Shakers

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

Top high volume gainers on BSE included Poly Medicure Ltd. (2,063.40, 10.8%), Esab India Ltd. (5,259.20, 8.4%) and Latent View Analytics Ltd. (485.45, 6.6%).

Top high volume losers on BSE were Bajaj Finance Ltd. (1,005.20, -7.4%), Bajaj Finserv Ltd. (1,989.40, -6.1%) and C.E. Info Systems Ltd. (1,742.30, -4.6%).

HEG Ltd. (531.80, 2.4%) was trading at 29.1 times of weekly average. Triveni Turbine Ltd. (536.20, 1.4%) and India Cements Ltd. (390.80, 3.2%) were trading with volumes 10.2 and 8.4 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

14 stocks made 52 week highs, while 11 stocks were underachievers and hit their 52 week lows.

Stocks touching their year highs included - Ashok Leyland Ltd. (146.04, 2.6%), Bharat Heavy Electricals Ltd. (285.80, 4.6%) and Can Fin Homes Ltd. (895.55, 1.6%).

Stocks making new 52 weeks lows included - Just Dial Ltd. (733.20, -1.7%) and SKF India Ltd. (2,052.30, -1.0%).

15 stocks climbed above their 200 day SMA including Esab India Ltd. (5,259.20, 8.4%) and AIA Engineering Ltd. (3,566.70, 3.5%). 22 stocks slipped below their 200 SMA including Bajaj Finserv Ltd. (1,989.40, -6.1%) and C.E. Info Systems Ltd. (1,742.30, -4.6%).

 
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