Market closes flat, IRCTC's Q2 net profit rises 11% YoY
By Trendlyne Analysis

 

Nifty 50 closed at 25,879.15 (3.4, 0.0%), BSE Sensex closed at 84,478.67 (12.2, 0.0%) while the broader Nifty 500 closed at 23,816 (-20.9, -0.1%). Market breadth is in the red. Of the 2,587 stocks traded today, 1,065 were in the positive territory and 1,481 were negative.

Indian indices closed flat after erasing the gains in the afternoon session. The Indian volatility index, Nifty VIX, rose 0.4% and closed at 12.2 points. India's CPI inflation fell to a record low of 0.3% in October, down from 1.5% in September. The decline was primarily driven by record-low food prices and the recent GST cuts, which helped lower prices across multiple sectors.

Nifty Midcap 100 & Nifty Smallcap 100 closed in the red. BSE Consumer Durables and S&P BSE SME IPO 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 5.9%.

Asian indices closed mixed, while European indices are trading higher except UK’s FTSE 100 index. US index futures traded lower, indicating a cautious start to the trading session. US President Donald Trump on Wednesday night signed a funding package to reopen the federal government, officially ending the longest shutdown in US history. Meanwhile, SoftBank sold its entire $5.8 billion stake in Nvidia, fueling renewed concerns over an AI-driven market bubble.

  • Relative strength index (RSI) indicates that stocks like Shriram Finance, 3M India, Asian Paints, and UPL are in the overbought zone.

  • Ipca Laboratories' Q2FY26 net profit jumps 23.1% YoY to Rs 282.6 crore, helped by lower inventory and finance costs. Revenue grows 8.5% YoY to Rs 2,584.4 crore, led by improvements in the formulations and active pharmaceutical ingredient (API) segments. It appears in a screener of stocks with rising net cash flow and cash from operating activities.

  • Alkem Laboratories touches a new 52-week high of Rs 5,868 as its Q2FY26 net profit grows 11.1% YoY to Rs 765.1 crore. Revenue jumps 15.7% YoY to Rs 4,104.7 crore, supported by improvements in the domestic and international markets. It features in a screener of stocks with improving RoE over the past two years.

  • Galaxy Surfactants is falling as its net profit declines 21.5% YoY to Rs 66.5 crore in Q2FY26. However, revenue increases 24.8% YoY to Rs 1,326.2 crore, driven by volume growth in performance surfactants and speciality care segments during the quarter. The company appears in a screener of stocks with a PEG ratio lower than the Industry average.

  • India's CPI inflation falls to a record low of 0.3% in October, down from 1.5% in September. The decline was primarily driven by record-low food prices and the recent Goods and Services Tax (GST) cuts, which helped lower prices across multiple sectors.

  • Indian Railway Catering & Tourism Corp's Q2FY26 net profit rises 11.1% YoY to Rs 342 crore. Revenue increases 7.7% YoY to Rs 1,146 crore, driven by higher sales in the internet ticketing, catering, rail neer and tourism segments during the quarter. The company appears in a screener of stocks with improving book value per share over the past two years.

  • Data Patterns rises as its net profit surges 62.5% YoY to Rs 49.2 crore, driven by strong order execution, including two significant EW product orders. Revenue jumps 238% YoY to Rs 307.5?crore, driven by increased production and key deliveries in radar, EW, and avionics systems. It appears in a screener of companies with high TTM EPS growth.

  • Cohance Lifesciences plunges to its 52-week low of Rs 621.2 as its net profit falls 50.8% YoY to Rs 71 crore in Q2FY26 due to higher investment costs and acquisition integration expenses. Revenue declines 8% to Rs 555.6 crore due to destocking of two commercial molecules, delayed orders, and the shutdown of the Nacharam plant. It appears in a screener of stocks with PE higher than the industry PE.

  • Reports suggest that 87 lakh shares (2.3% equity) of Ather Energy, amounting to Rs 541.6 crore, have changed hands in a block deal. National Investment and Infrastructure Fund II (NIIF II) is the likely seller in this deal.

  • Alembic Pharmaceuticals rises as it receives approval from the US FDA for its abbreviated new drug application (ANDA) for Dexlansoprazole delayed-release capsules. The capsules are a therapeutic equivalent to the reference listed drug (RLD), Dexilant delayed-release capsules, of Takeda Pharmaceuticals, used to treat stomach acid. The drug has an estimated market size of $285 million for the year ended September 2025, according to IQVIA.

  • Entero Healthcare Solutions rises as its net profit surges 41% YoY to Rs 37 crore, driven by focus on higher-margin MedTech acquisitions and lower employee expenses. Revenue increases 21% to Rs 1,571 crore, fueled by organic growth and strategic acquisitions in specialty pharma. It appears in a screener of companies with high TTM EPS growth.

  • Lemon Tree Hotels is falling as its Q2FY26 net profit misses Forecaster estimates by 21.9% despite growing 16.8% YoY to Rs 34.6 crore. Revenue increases 7.7% YoY to Rs 306.3 crore, driven by strong demand recovery, improved occupancy and average room rates during the quarter. The company appears in a screener of stocks outperforming their industry price change in the quarter.

  • CLSA maintains an 'Outperform' rating on Hyundai Motor India with a target price of Rs 2,853. The brokerage notes that the company aims to regain about 15% market share in the domestic passenger vehicle segment. It targets an export volume mix of 30% and plans to maintain EBITDA margins in the 11–14% range. The company has outlined a capex plan of Rs 45,000 crore for FY26–30.

  • Honasa Consumer is rising sharply as it posts a net profit of Rs 39.2 crore in Q2FY26 compared to a net loss of Rs 18.6 crore in Q2FY25, owing to lower raw material expenses. Revenue jumps 15.8% YoY to Rs 558.2 crore, driven by growth in the e-commerce, modern trade and general trade segments. It appears in a screener of stocks with prices above short, medium, and long-term moving averages.

  • Sansera Engineering rises as its net profit surges 38% YoY to Rs 71.4 crore on reduced finance costs and higher other income in Q2FY26. Revenue increases 8% to Rs 825.2 crore, driven by strong momentum in the aerospace and off-road & agriculture segments. It appears in a screener of stocks with PEG lower than the industry PEG.

  • Deepak Nitrite falls to its 52-week low of Rs 1,701.3 as its Q2FY26 net profit declines 38.8% YoY to Rs 118.8 crore due to higher inventory, employee benefits and finance costs. Revenue decreases 6.4% YoY to Rs 1,921.8 crore, caused by reductions in the advanced intermediaries and phenolics segments. It shows up in a screener of stocks with low Piotroski scores.

  • Moody’s Ratings expects India’s economy to grow at 6.5% by 2027, with CPI inflation rising from 2.8% in 2025 to around 4%. The agency attributes the growth outlook to strong infrastructure investment and healthy consumption, while noting continued caution in private-sector capital expenditure.

  • Pfizer is rising as its Q2FY26 net profit increases 19.4% YoY to Rs 189 crore, helped by lower raw materials and employee benefits expenses. Revenue grows 8.3% YoY to Rs 684.2 crore during the quarter. It features in a screener of stocks with strong dividend yields in FY25 and healthy growth over the past five years.

  • Indraprastha Gas is rising as its Q2FY26 revenue grows 8.6% YoY to Rs 4,118.3 crore, helped by improvements in compressed natural gas (CNG) and domestic piped natural gas (PNG) sales. However, net profit declines 15.1% YoY to Rs 386.3 crore due to higher inventory, excise duty, employee benefits, finance, and depreciation & amortisation expenses. It appears in a screener of stocks where FIIs are increasing their shareholdings.

  • Cochin Shipyard is falling as its net profit plunges 43.1% YoY to Rs 107.5 crore in Q2FY26 due to higher subcontracting and finance costs. Revenue decreases 2.2% YoY to Rs 1,118.6 crore, driven by lower sales in the shipbuilding segment during the quarter. The company appears in a screener of stocks underperforming their industry price change in the quarter.

  • Elara Securities maintains a 'Sell' rating on Asian Paints with a higher target price of Rs 2,600. The brokerage notes that the company’s Q2 revenue rose 6.3% YoY, exceeding estimates. Decorative volumes grew 10.9%, marking the company’s first market share gain in two years. New product launches accounted for 15% of Q2 revenue. Elara expects mid-single-digit value growth in FY26, but notes that the volume-value gap continues to cap upside potential.

  • KNR Construction is falling sharply as its Q2FY26 net profit plunges 76.3% YoY to Rs 104.7 crore. Revenue declines 68.7% YoY to Rs 654 crore, caused by a slowdown in project execution and a high base effect in Q2FY25 due to one-off gains from asset sales. It shows up in a screener of stocks with decreasing net profit over the past four quarters.

  • Prestige Estates Projects is rising as its net profit surges 124% YoY to Rs 430.3 crore in Q2FY26, helped by inventory destocking. Revenue increases 5.5% YoY to Rs 2,431.7 crore, driven by higher demand for residential and commercial properties across markets like Bengaluru, NCR, and Mumbai. The company appears in a screener of stocks with improving book value per share over the past two years.

  • Lloyds Metals & Energy rises as its Q2FY26 net profit jumps 90% YoY to Rs 572.4 crore, helped by inventory destocking and a tax return of Rs 188.8 crore. Revenue surges 152.2% YoY to Rs 3,706.8 crore, led by improvements in the mining, steel & related products, and mine developer & operator (MDO) operations segments. It appears in a screener of stocks with decreasing promoter pledges.

  • Tata Steel is rising sharply as its Q2FY26 net profit surges 3.7x YoY to Rs 3,101.8 crore, fueled by returns for provisions and lower raw materials and finance costs. Revenue jumps 8.3% YoY to Rs 59,052.8 crore, supported by improvements in the Indian, Dutch, South East Asian, and the rest of the world operations. It appears in a screener of stocks with expanding profit margins on a QoQ and trailing twelve-month (TTM) basis.

  • Nifty 50 was trading at 25,814.35 (-61.5, -0.2%), BSE Sensex was trading at 84,405.03 (-61.5, -0.1%), while the broader Nifty 500 was trading at 23,797.45 (-39.5, -0.2%).

  • Market breadth is in the green. Of the 2,180 stocks traded today, 1,194 were on the uptick, and 924 were down.

Riding High:

Largecap and midcap gainers today include Ashok Leyland Ltd. (150.41, 5.5%), Asian Paints Ltd. (2,879.40, 4.0%) and Berger Paints (India) Ltd. (577.90, 3.2%).

Downers:

Largecap and midcap losers today include Eternal Ltd. (297.75, -3.6%), Lloyds Metals & Energy Ltd. (1,271.30, -3.5%) and Swiggy Ltd. (383.10, -3.2%).

Movers and Shakers

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

Top high volume gainers on BSE included Data Patterns (India) Ltd. (3,003.40, 7.6%), PG Electroplast Ltd. (559.45, 6.0%) and Ashok Leyland Ltd. (150.41, 5.5%).

Top high volume losers on BSE were Cohance Lifesciences Ltd. (629.10, -8.8%), Endurance Technologies Ltd. (2,691.70, -7.7%) and Lemon Tree Hotels Ltd. (155.19, -4.9%).

Ramkrishna Forgings Ltd. (556.10, 3.3%) was trading at 34.4 times of weekly average. Aether Industries Ltd. (773.30, 4.0%) and Honasa Consumer Ltd. (289.40, 2.6%) were trading with volumes 30.5 and 18.6 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

19 stocks made 52 week highs, while 5 stocks hit their 52 week lows.

Stocks touching their year highs included - Adani Ports & Special Economic Zone Ltd. (1,499, -0.5%), Adani Energy Solutions Ltd. (1,021.40, 2.0%) and Ashok Leyland Ltd. (150.41, 5.5%).

Stocks making new 52 weeks lows included - Deepak Nitrite Ltd. (1,722.10, -0.2%) and KNR Constructions Ltd. (170.18, -3.8%).

21 stocks climbed above their 200 day SMA including Century Plyboards (India) Ltd. (799.45, 4.7%) and Aether Industries Ltd. (773.30, 4.0%). 14 stocks slipped below their 200 SMA including Cochin Shipyard Ltd. (1,707.30, -4.7%) and Eris Lifesciences Ltd. (1,538, -2.4%).

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