Indian equity markets are set to resume trading on Wednesday after remaining closed on Tuesday on account of the Diwali–Balipratipada holiday. Investors will return to the market after benchmark indices ended Monday's session with modest gains, as intermittent profit booking following the recent rally capped the upside. The Nifty 50 rose 58 points, or 0.23%, to settle at 25,045 on Monday.
From a technical perspective, the immediate resistance for the Nifty is placed in the 25,150–25,200 zone. A sustained move above this range could strengthen upward momentum and pave the way for further gains, said Ponmudi R, CEO of Enrich Money.
Against this backdrop, several stocks, including Cochin Shipyard, Kalyan Jewellers, MRF, Coal India, BHEL, Bajaj Finance and Whirlpool, are likely to remain in focus on Wednesday, November 11, as investors track September-quarter earnings, corporate announcements, order wins, fundraising plans and other developments.
IIFL Finance
IIFL Finance has approved a Rs 6,414.20 crore primary capital raise through a preferential issue, with global alternative asset manager Blackstone leading the investment with a Rs 5,000 crore infusion. The investment will give Blackstone an approximately 16% stake in the company on a fully diluted basis. Promoters Nirmal Jain and R Venkataraman will collectively invest Rs 1,264.20 crore through warrants, while Anchorage Capital will participate with a Rs 150 crore primary equity investment.
Kalyan Jewellers
Kalyan Jewellers India reported a 63.6% year-on-year (YoY) increase in consolidated net profit at Rs 427 crore for the second quarter of FY27, compared with Rs 261 crore in the corresponding quarter last year. Revenue from operations rose 31.4% to Rs 10,323 crore from Rs 7,856 crore a year ago. Earnings before interest, tax, depreciation and amortisation (EBITDA) increased 29.7% YoY to Rs 644.7 crore, compared with Rs 497.2 crore in the year-ago quarter.
Live Events
MRF
Tyre manufacturer MRF reported a 12.9% YoY decline in consolidated net profit to Rs 417 crore for Q2FY27, compared with Rs 479 crore in the corresponding quarter of the previous financial year.
Revenue from operations, however, increased 17.4% to Rs 8,660 crore from Rs 7,379 crore in Q2FY26.
Total expenses rose 21.8% YoY to Rs 8,269.77 crore during the quarter, compared with Rs 6,788.55 crore a year earlier.
Read more: Kalyan Jewellers Q2 Results: Net profit jumps 64% YoY to Rs 427 crore, revenue rises 31%
Cochin Shipyard
State-owned Cochin Shipyard reported a 49.8% YoY decline in consolidated net profit to Rs 54 crore for the September quarter, compared with Rs 108 crore in the corresponding period last year.
Revenue from operations increased 11.7% to Rs 1,249.2 crore from Rs 1,118.6 crore in the year-ago quarter.
Whirlpool
Whirlpool reported a 39% YoY decline in net profit to Rs 25 crore for the second quarter of FY27, compared with Rs 41 crore in the corresponding quarter last year. Revenue increased 13.7% to Rs 1,873 crore from Rs 1,647 crore. EBITDA declined 31% to Rs 40 crore against Rs 58 crore a year ago, while EBITDA margin contracted to 2.13% from 3.5% in the year-ago period.
Olectra Greentech
Olectra Greentech reported a 6.8% YoY increase in net profit to Rs 52.93 crore for Q2FY27, compared with Rs 49.54 crore in the corresponding quarter last year.
Revenue rose 4.6% to Rs 687 crore from Rs 657 crore, while EBITDA increased 2.5% to Rs 91.7 crore against Rs 89.5 crore a year ago.
Bank of Baroda
Bank of Baroda has raised its Marginal Cost of Funds Based Lending Rate (MCLR) across four tenures, with the revised rates set to take effect from November 12, 2026.
According to the bank's regulatory filing dated November 9, the one-month MCLR has been increased by 5 basis points (bps) to 8% from 7.95%.
The three-month and six-month MCLR rates have been raised by 20 bps each to 8.50% and 8.70%, respectively.
Coal India
The Securities and Exchange Board of India (SEBI) has given its approval for the proposed initial public offering (IPO) of Mahanadi Coalfields, a wholly owned subsidiary of Coal India.
The proposed issue will comprise an offer for sale (OFS) of up to 66.18 crore equity shares by Coal India, representing a 10% stake in the subsidiary, according to the draft red herring prospectus.
Read more: FPIs turn net buyers; pour Rs 53,739 crore in D-Street in Nov so far
Jyothy Labs
Jyothy Labs has increased its share buyback price by 11.6% to Rs 240 per share from Rs 215 earlier, while reducing the maximum number of shares to be repurchased to 61.25 lakh from 68.37 lakh.
Under the revised terms, the company will buy back up to 61.25 lakh fully paid-up equity shares of face value Rs 1 each, representing 1.67% of its total paid-up equity share capital.
The buyback will be conducted through the tender offer route on a proportionate basis.
Bajaj Finance
Bajaj Finance has approved the allotment of 5,74,25,740 warrants to its promoter at an issue price of Rs 1,010 per warrant.
The allotment was approved by the company's Preferential Issue 2026 Allotment Committee at its meeting held on November 10, 2026.
Each warrant is convertible into an equivalent number of equity shares of face value Re 1 each.
BHEL
Bharat Heavy Electricals Ltd (BHEL) said the Telangana Commercial Tax Department has dropped a demand order of Rs 207.26 crore pertaining to the financial year 2022-23.
Ashoka Buildcon
Ashoka Buildcon has secured a Rs 865.90 crore contract from the National Highways Authority of India (NHAI) for the Vadodara-Mumbai Expressway project in Gujarat.
Read more: Up to 12,000% growth! 181 companies more than doubled profits in Q2 earnings boom for India Inc
Q2 results today
Tata Power, Cupid, Hindustan Copper, Garden Reach Shipbuilders & Engineers, Lalithaa Jewellery Mart, Triveni Turbine, EAAA India Alternatives, TSF Investments, Power Mech Projects, Mishra Dhatu Nigam, Kovai Medical Center and Hospital, Bengal and Assam Company, Bajaj Hindusthan Sugar, Bannari Amman Sugars, Network People Services Technologies and National Fertilizers.
Disclosure: This article has been written by Kumar Gaurav, who is not a Sebi-registered Research Analyst or an Investment Adviser. Gaurav and their ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective Sebi-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here
(You can now subscribe to our ETMarkets WhatsApp channel)
(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)
Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
...moreless
(You can now subscribe to our ETMarkets WhatsApp channel)
(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)
Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
...moreless
Business of Odd Things: The farm that needs no land, freshwater, or fertiliser
KYC and KYB: Inside Pidilite, the company that turned Fevicol into a word for a strong bond – Part 1 of 3
Seoul halts trading, Nifty has its best week since 2021: Money leaving the AI trade – will it land in India?
Junk bonds are cracking at the bottom. Will the noise get loud enough to make ‘junk bond’ a household term again?
PNG connections rise half a million, but how many use piped gas for cooking?
Some elections matter more than you know: No crop changed in the fields, yet sugar, coffee and soya got cheaper in a day
1
2
3
