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Trendlyne Marketwatch
12 Nov 2025, 04:11PM
Market closes higher, Adani Enterprises announces Rs 24,930 crore rights issue
By Trendlyne Analysis

 

Nifty 50 closed at 25,875.80 (180.9, 0.7%) , BSE Sensex closed at 84,466.51 (595.2, 0.7%) while the broader Nifty 500 closed at 23,836.90 (154.3, 0.7%). Market breadth is in the green. Of the 2,590 stocks traded today, 1,516 were on the uptrend, and 1,027 went down.

Indian indices closed higher after extending gains in the morning session. The Indian volatility index, Nifty VIX, fell 3% and closed at 12.1 points. Groww’s shares made their debut on the bourses at a 12% premium to the issue price of Rs 100. The Rs 6,632.3 crore IPO received bids for 17.6 times the total shares on offer.

Nifty Smallcap 100 and Nifty Midcap 100 closed higher. Nifty IT and BSE Consumer Durables were among the top index gainers today. According to Trendlyne’s sector dashboard, Commercial Services & Supplies emerged as the top-performing sector of the day, with a rise of 2.4%.

Asian indices closed mixed. European indices are trading mixed. US index futures are trading higher as lawmakers in Washington prepare to vote on a bill to end the longest-ever federal government shutdown. The House is expected to approve the measure after the Senate cleared it earlier this week. Meanwhile, Cisco Systems, Nu Holdings, and Flutter Entertainment are set to report their results later today.

  • Money flow index (MFI) indicates that stocks like CCL Products India, Chennai Petroleum, Navin Fluorine International, and Bharat Heavy Electricals are in the overbought zone.

  • Tata Power falls as its net profit slips 0.8% YoY to Rs 919.4 crore, missing Forecaster estimates by 3.5%. Revenue dips 1% to Rs 16,050 crore, weighed down by a temporary shutdown at its Mundra plant and softer electricity demand during the monsoon season. It appears in a screener of stocks with PE higher than the industry PE.

  • Hindustan Aeronautics' Q2FY26 net profit jumps 10.5% YoY to Rs 1,669.1 crore, helped by inventory destocking. Revenue increases 10.9% YoY to Rs 6,628.6 crore, aided by enhanced execution across defence manufacturing and aerospace segments during the quarter. The company appears in a screener of stocks where mutual funds have increased their shareholding in the past two months.

  • Adani Enterprises rises sharply as it announces a Rs 24,930 crore rights issue priced at Rs 1,800 per share, a 24% discount to Tuesday’s close. The issue will open for subscription on November 25 and close on December 10. The company plans to use the proceeds to strengthen its balance sheet and fund expansion in airports, roads, and new-energy businesses.

  • NH Bhansali, CEO of Emami, highlights that core domestic volumes declined 17% in Q2, impacted by GST cuts and heavy monsoons. He adds that e-commerce and modern trade each contribute about 11% to the company’s domestic revenue. Around 40% of sales were affected by a weak summer and prolonged rainfall, but he remains optimistic about achieving near double-digit growth in H2.

  • Jyothy Labs falls as its Q2FY26 net profit declines 16.4% YoY to Rs 87.8 crore due to higher raw materials, inventory, employee benefits, advertisement & sales, and depreciation & amortisation expenses. However, revenue grows 1% YoY to Rs 753 crore, led by an improvement in the fabric care segment. It shows up in a screener of stocks with increasing trend in non-core income.

  • Container Corporation of India rises as its net profit grows 1.5% YoY to Rs 376.8 crore, driven by lower depreciation expense in Q2FY26. Revenue increases 3% YoY to Rs 2,351.4 crore, led by growth across both EXIM and domestic segments. It appears in a screener of companies with no debt.

  • Rail Vikas Nigam is falling as its net profit declines 19.7% YoY to Rs 230.3 crore in Q2FY26 due to higher project execution costs. Revenue increases 5.5% YoY to Rs 5,123 crore, driven by project execution and a strong order pipeline during the quarter. The company appears in a screener of stocks with a PE ratio higher than the industry average.

  • Jefferies maintains its 'Hold' rating on BSE with a higher target price of Rs 2,930. The brokerage attributes the performance to robust growth in options revenue and lower settlement guarantee fund (SGF) provisioning costs. It notes that the exchange continues to benefit from strong growth in its derivatives segment, but greater clarity on index option expiry norms will be key to any further re-rating.

  • PTC India is rising as its Q2FY26 net profit jumps 30.8% YoY to Rs 191.2 crore, helped by lower finance costs. Revenue grows 8.8% YoY to Rs 5,585.2 crore, led by an improvement in the power segment. It features in a screener of best bargain stocks with above line growth and below line valuations.

  • Biocon is rising as it reports a net profit of Rs 84.5 crore in Q2FY26 compared to a loss of Rs 16 crore in Q1FY26, helped by lower inventory and tax expenses. Revenue grows 19.6% YoY to Rs 4,295.5 crore, driven by improved performance in generics, biosimilars, and contract research, development & manufacturing organisation (CRDMO) segments. It shows up in a screener of stocks near their 52-week high with significant volumes.

  • Zaggle Prepaid Ocean Services rises as its net profit surges 79.1% YoY to Rs 33.2 crore in Q2FY26. Revenue increases 42.4% to Rs 431 crore, driven by new client additions, higher user base, and increased cross-selling. It appears in a screener of stocks with a PEG lower than the industry PEG.

  • CLSA maintains an 'Outperform' rating on HCL Technologies with a target price of Rs 1,660. The brokerage notes that HCL is six to nine months ahead of the market in proactively integrating AI. It adds that the company is pursuing multiple growth opportunities with OpenAI, and its AI-led service transformation is already contributing to revenue growth.

  • Aavas Financiers rises sharply as net profit increases 10.8% YoY to Rs 163.9 crore. Net total income rises 18.1% to Rs 388.9 crore, driven by higher interest income and loan assignments. It appears in a screener of stocks with annual net profits improving over the last two years.

  • Gujarat Fluorochemicals is rising sharply as its Q2FY26 net profit jumps 47.9% YoY to Rs 179 crore, supported by inventory destocking and lower power & fuel, and finance costs. Revenue grows 1.6% YoY to Rs 1,216 crore, driven by improvements in the chemicals and EV products segments. It features in a screener of stocks with high trailing twelve-month (TTM) EPS growth.

  • EPL surges as its net profit jumps 19.9% YoY to Rs 104.3 crore in Q2FY26, helped by inventory destocking. Revenue increases 11% YoY to Rs 1,205.9 crore, driven by higher sales in the personal care and beauty & cosmetics segments during the quarter. The company appears in a screener of stocks with improving book value per share over the past two years.

  • Baba Kalyani, CMD of Bharat Forge, highlights the company's focus on expanding its non-auto business. He notes that the US truck market remains weak but expects a recovery in H2FY26. He projects the aerospace segment to grow at a 25% CAGR and believes that a US-India trade deal, along with normalisation of commercial production in the US, will be key growth catalysts in 2026.

  • BSE rises as its net profit surges 62% YoY to Rs 557 crore in Q2 FY26, driven by strong growth in transaction charges. Revenue increases 40% YoY to Rs 1,140 crore from Rs 813 crore, fueled by strong performance in equity derivatives and equity cash trading. It appears in a screener of companies with no debt.

  • PI Industries is falling as its Q2FY26 net profit declines 19.5% YoY to Rs 409.3 crore, caused by higher employee benefits and depreciation & amortisation expenses. Revenue decreases 16.6% YoY to Rs 1,954.8 crore due to a reduction in the agro chemicals segment. It appears in a screener of stocks with growing costs YoY for long-term projects.

  • Billionbrains Garage Ventures' (Groww) shares debut on the bourses at a 12% premium to the issue price of Rs 100. The Rs 6,632.3 crore IPO received bids for 17.6 times the total shares on offer.

  • Tata Motors’ commercial vehicle business lists at Rs 335 per share on the NSE, reflecting a 28.5% premium over its discovered price of Rs 260.8. The listing follows the demerger of the company’s commercial vehicle unit from its passenger vehicle division. Shares of the passenger vehicle segment were discovered at Rs 400 per share on the NSE on October 14.

  • Godrej Industries is falling as its Q2FY26 net profit declines 15.7% YoY to Rs 242.5 crore due to higher raw materials, property development, finance, and employee benefits expenses. However, revenue jumps 22.9% YoY to Rs 6,289.7 crore, supported by improvements in the chemicals, animal feeds, veg oils, estate & property development, finance & investments, and hospitality segments. It shows up in a screener of stocks with increasing debt.

  • Thermax is falling as its net profit plunges 39.3% YoY to Rs 119.7 crore in Q2FY26 due to higher employee benefits, depreciation, amortisation and impairment expenses. Revenue decreases 5.3% YoY to Rs 2,473.9 crore, driven by lower sales in the industrial infra segment during the quarter. The company appears in a screener of stocks underperforming their industry price change in the quarter.

  • Kirloskar Oil Engines surges as its net profit jumps 27.4% YoY to Rs 162.5 crore in Q2FY26. Revenue increases 29.9% YoY to Rs 1,948.4 crore, driven by higher sales in the business-to-business, business-to-consumer, and financial services segments during the quarter. The company appears in a screener of stocks where mutual funds have increased their shareholding in the past month.

  • Torrent Power's Q2FY26 net profit surges 50.5% YoY to Rs 723.7 crore, helped by lower fuel, finance and employee benefits expenses. Revenue jumps 9% YoY to Rs 7,953.9 crore, led by improvements in the power generation and renewables segments. It features in a screener of newly affordable stocks with good financials and durability.

  • Nifty 50 was trading at 25,830.90 (136.0, 0.5%), BSE Sensex was trading at 84,274.08 (402.8, 0.5%), while the broader Nifty 500 was trading at 23,800.10 (117.5, 0.5%).

  • Market breadth is ticking up strongly. Of the 2,158 stocks traded today, 1,442 showed gains, and 660 showed losses.

Riding High:

Largecap and midcap gainers today include Gujarat Fluorochemicals Ltd. (3,699.50, 6.1%), Biocon Ltd. (405.90, 5.4%) and Max Financial Services Ltd. (1,718.80, 5.1%).

Downers:

Largecap and midcap losers today include PI Industries Ltd. (3,588.90, -5.2%), Thermax Ltd. (3,061.20, -3.4%) and Torrent Power Ltd. (1,292.80, -3.3%).

Volume Shockers

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

Top high volume gainers on BSE included Kirloskar Oil Engines Ltd. (1,058.65, 12.0%), BLS International Services Ltd. (336.70, 9.1%) and Tejas Networks Ltd. (549.15, 8.4%).

Top high volume losers on BSE were PI Industries Ltd. (3,588.90, -5.2%), Thermax Ltd. (3,061.20, -3.4%) and Torrent Power Ltd. (1,292.80, -3.3%).

Century Plyboards (India) Ltd. (763.75, 2.7%) was trading at 19.6 times of weekly average. Kama Holdings Ltd. (3,003, 1.5%) and Gujarat State Fertilizer & Chemicals Ltd. (196.40, 6.7%) were trading with volumes 10.1 and 9.8 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

23 stocks made 52 week highs, while 4 stocks tanked below their 52 week lows.

Stocks touching their year highs included - Adani Ports & Special Economic Zone Ltd. (1,506.90, 2.2%), Adani Energy Solutions Ltd. (1,001.90, 1.3%) and Ashok Leyland Ltd. (142.53, -2.4%).

Stocks making new 52 weeks lows included - SKF India Ltd. (2,051.60, 0.0%) and Westlife Foodworld Ltd. (550.55, -2.5%).

26 stocks climbed above their 200 day SMA including Gujarat State Fertilizer & Chemicals Ltd. (196.40, 6.7%) and Gujarat Fluorochemicals Ltd. (3,699.50, 6.1%). 12 stocks slipped below their 200 SMA including PI Industries Ltd. (3,588.90, -5.2%) and C.E. Info Systems Ltd. (1,719.90, -1.3%).

 
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