Stocks to Watch Today, 10 November: Key Q2 Results, Corporate Developments, and Dividends
The share market today is likely to remain active as several companies across auto, retail, energy, and healthcare sectors released their Q2 FY26 earnings, showing a mix of strong performances and margin pressures. Key gainers included Force Motors, NALCO, Kalyan Jewellers, Torrent Pharma, and Nykaa, while Petronet LNG and Shipping Corporation of India reported subdued results.
Additionally, corporate actions from Hindustan Aeronautics, Ashoka Buildcon, Biocon, and Patanjali Foods, along with significant bulk and block deals in Bharti Airtel and Cyient, are expected to influence stock-specific trends.
Q2 FY26 Results Highlights
Company | Net Profit (YoY) | Revenue (YoY) | Key Highlights |
Bajaj Auto | ₹2,479 crore , +23.6% | ₹14,922 crore , +13.7% | Strong sales and steady margins at 20.4%. |
Nykaa | ₹34.4 crore , +243% | ₹2,346 crore , +25.1% | Margin expansion driven by beauty and fashion growth. |
Kalyan Jewellers | ₹260 crore , +99.5% | ₹7,856 crore , +37.4% | Robust retail demand; margin improved to 6.3%. |
Torrent Pharma | ₹591 crore , +30.5% | ₹3,302 crore , +14.3% | Strong growth in India and chronic therapies. |
Force Motors | ₹351 crore , +160% | ₹2,081 crore , +7.2% | Improved margins at 17.4%; strong operational growth. |
NALCO | ₹1,430 crore , +36.7% | ₹4,292 crore , +31.5% | Higher aluminium prices boosted earnings. |
Shipping Corp. of India | ₹189 crore , -35% | ₹1,339 crore , -7.7% | Margins fell due to lower freight volumes. |
Trent | ₹373 crore , +11.3% | ₹4,817 crore , +15.9% | Retail growth sustained; EBITDA margin at 17%. |
Global Health (Medanta) | ₹158 crore , +21% | ₹1,099 crore , +15% | Announced 750-bed hospital expansion in Mumbai. |
Schneider Electric | ₹52 crore , -3.5% | ₹650 crore , +8.4% | Margins slightly improved to 12.8%. |
Anant Raj | ₹138 crore , +30.8% | ₹630 crore , +23% | Strong real estate demand supported growth. |
Karnataka Bank | ₹319 crore , -5.1% | ₹728 crore , -12.6% | Asset quality improved; GNPA at 3.33%. |
Corporate Announcements and Key Stocks to Watch
Ashoka Buildcon
Received a ₹539 crore contract from North Western Railway (Ajmer Division) to upgrade the electric traction system from 1x25 kV to 2x25 kV, enabling train speeds up to 160 kmph.
Hindustan Aeronautics (HAL)
Signed an agreement with General Electric (GE) for the supply of 113 F404-GE-IN20 engines to power the LCA Mk1A aircraft program. Engine deliveries are scheduled between 2027 and 2032.
Swiggy
Approved plans to raise up to ₹10,000 crore via QIP to strengthen financial flexibility and expand its quick commerce and food delivery businesses.
Biocon
The US FDA inspected Biocon’s Visakhapatnam API facility (Site 6) and issued two observations post-inspection, which the company is addressing.
Lupin
The US FDA completed an inspection of its Bioresearch Centre in Pune with zero Form 483 observations, indicating full compliance.
Allied Blenders & Distillers
The Madras High Court upheld the company’s trademark rights over “Officer’s Choice” and dismissed John Distilleries’ 2013 petition seeking its cancellation.
Patanjali Foods
Declared an interim dividend of ₹1.75 per share for FY26. The record date is November 13, and the payment will be made by December 7, 2025.
Havells India
Entered a ₹129.6 crore settlement with HPL Group, which has agreed to permanently relinquish rights to the “Havells” trademark and rename its entities accordingly.
Bulk and Block Deals
Bharti Airtel
- Seller: Singtel’s subsidiary Pastel
- Stake Sold: 0.89% (5.1 crore shares)
- Deal Value: ₹10,354.9 crore at ₹2,030.37 per share
- Post-sale Holding: Pastel retains 8.32% stake in Airtel.
Cyient
- Seller: Amansa Holdings
- Shares Sold: 9.4 lakh (0.85%) at ₹1,101.23 per share
- Deal Value: ₹104 crore.
AAA Technologies
- Seller: Promoter Anjay Agarwal
- Shares Sold: 3.5 lakh (2.72%) at ₹91.3 per share
- Deal Value: ₹3.19 crore.
Parth Electricals & Engineering
- Seller: India Max Investment Fund
- Shares Sold: 86,400 at ₹252.92 per share
- Deal Value: ₹2.18 crore.
New Listings and Dividend Updates
- Mainboard Listing: Lenskart Solutions
- Ex-Dividend Stocks Today:
- Power Grid Corporation of India
- Ajanta Pharma
- Aurionpro Solutions
- Godfrey Phillips India
- Route Mobile
- Transcorp International
- REIT & InvIT Income Distributions:
- Nexus Select Trust (REIT)
- POWERGRID Infrastructure Investment Trust
Upcoming Quarterly Results to Watch
Companies scheduled to release earnings today (10 Nov) include:
ONGC, Bajaj Finance, Vodafone Idea, Ather Energy, Emami, DOMS Industries, Gujarat Gas, KPIT Technologies, Sun Pharma Advanced Research, Sula Vineyards, and V-Mart Retail.
Meanwhile, firms like Olectra Greentech, Greenlam Industries, and Voltamp Transformers will declare results on November 11.
Market Context: Sectoral Trends and Earnings Outlook
The share market today reflects an active earnings week with varied performances across sectors. Manufacturing and retail companies — such as Force Motors, Trent, and Kalyan Jewellers — reported strong demand-driven growth, while commodity-linked players like Petronet LNG and Shipping Corporation saw margin contraction due to global pricing trends.
Corporate announcements from HAL, Ashoka Buildcon, and Swiggy highlight increased infrastructure, defence, and digital sector momentum. Investors will monitor upcoming Q2 earnings from large-cap firms like Bajaj Finance and ONGC for directional cues.
Summary:
The stocks to watch today include Bajaj Auto, Nykaa, Kalyan Jewellers, Torrent Pharma, NALCO, and Force Motors, along with key corporate movers like HAL, Swiggy, Biocon, and Havells India. Dividend actions, new listings, and bulk deals in Bharti Airtel and Cyient will further shape trading sentiment through the session.
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