Stocks to Watch Today, 06 November: Major Q2 Results, Deals, and Announcements in Focus
The share market today is expected to witness active movement as investors react to a series of Q2 FY26 earnings, new corporate developments, and major deals across sectors. Key companies such as NSE, IndiGo, Indian Hotels, Berger Paints, and Chambal Fertilisers reported mixed quarterly results, while Paytm, Grasim Industries, Britannia, and Chalet Hotels also announced their latest financial performances.
Key Q2 Earnings Highlights
National Stock Exchange (NSE)
NSE posted total income of ₹4,160 crore in Q2 FY26, with profit after tax rising 16% quarter-on-quarter (QoQ). For H1 FY26, PAT grew 11% year-on-year (YoY), and EBITDA margin stood at 77%, reflecting strong operational efficiency.
InterGlobe Aviation (IndiGo)
The airline reported a net loss of ₹2,582 crore for Q2 FY26, widening from ₹989 crore last year, mainly due to forex losses. Despite this, revenue grew 9.3% YoY to ₹18,555 crore, and EBITDA jumped 85% to ₹3,472 crore, driven by passenger traffic growth and higher yields.
Indian Hotels Company (IHCL)
IHCL’s net profit fell 48.6% YoY to ₹285 crore, impacted by the absence of one-off gains recorded in the previous year. However, revenue rose 11.8% YoY to ₹2,041 crore, and EBITDA increased 14% to ₹572 crore, with margins improving to 28%, highlighting sustained hospitality recovery.
Chambal Fertilisers and Chemicals
The company reported a 20.9% YoY jump in profit to ₹649 crore, aided by higher demand and realisations. Revenue surged 47.5% to ₹6,412 crore, and the board declared an interim dividend of ₹5 per share.
Berger Paints India
Profit declined 23.6% YoY to ₹206 crore due to margin pressures, even as revenue rose 1.9% to ₹2,827 crore. EBITDA dropped 19%, with operating margin softening to 12.4% from 15.6%, reflecting cost-related headwinds.
KPR Mill
The textile major’s profit increased 6.3% YoY to ₹218 crore, with revenue up 10.3% at ₹1,632 crore. EBITDA stood at ₹314.8 crore, though margins slightly contracted to 19.3% due to raw material costs.
Chalet Hotels
Reported a turnaround to a net profit of ₹154 crore, compared to a loss of ₹138 crore last year. Revenue nearly doubled (up 95%) to ₹735 crore, while EBITDA surged to ₹299 crore. The company declared its first interim dividend of ₹1 per share.
Jubilant Agri and Consumer Products
Profit rose 71% YoY to ₹42.3 crore on a 26% increase in revenue. The board approved a ₹50 crore expansion plan for its Vadodara polymer unit and announced a demerger of its Agri Division.
Garden Reach Shipbuilders & Engineers (GRSE)
The shipbuilder posted a 56% YoY jump in net profit to ₹153 crore on strong order execution. Revenue grew 45% to ₹1,677 crore. The board announced an interim dividend of ₹5.75 per share.
Whirlpool of India
Net profit dropped 21% YoY to ₹41 crore amid weak demand and higher costs. Revenue declined 3.8% to ₹1,647 crore, with margins falling to 3.5%, indicating cost pressure in consumer durables.
Firstsource Solutions
Profit increased 6% QoQ to ₹179 crore on 4.3% higher revenue of ₹2,315 crore. The company also made a strategic investment in Lyzr.ai to enhance its AI-driven enterprise capabilities.
Earnings Highlights from Other Listed Firms
- Grasim Industries: Profit up 11.6% YoY to ₹805 crore, with revenue rising 26% to ₹9,610 crore.
- Paytm: Profit declined to ₹21 crore from ₹928 crore last year; revenue up 24% YoY to ₹2,061 crore. The company partnered with Groq to enhance real-time AI payments capabilities.
- Britannia Industries: Profit rose 23% YoY to ₹655 crore on 3.7% higher revenue of ₹4,841 crore. The board appointed Rakshit Hargave as CEO.
- Delhivery: Reported a loss of ₹50 crore against a profit of ₹10 crore a year ago; revenue increased 16.9% to ₹2,559 crore.
- Redington: Profit grew 23.8% YoY to ₹350 crore, supported by 16.8% revenue growth.
- Kaynes Technology: Profit doubled (up 101.7%) to ₹121 crore on 58% revenue growth, showing strong electronics manufacturing demand.
- Metropolis Healthcare: Profit increased 13.2% YoY to ₹53 crore, revenue up 22.7% to ₹429 crore.
- Gujarat Pipavav Port: Profit more than doubled (up 113%) to ₹161 crore on strong cargo volumes.
Stocks in Focus: Key Corporate Announcements
RBL Bank
Mahindra & Mahindra is reportedly planning to sell its entire 3.45% stake in RBL Bank through a block deal worth $78 million (₹682 crore) at a floor price of ₹317 per share, according to CNBC-TV18.
Tata Consultancy Services (TCS)
TCS expanded its 18-year partnership with ABB to modernize ABB’s global IT infrastructure, streamline operations, and accelerate digital transformation initiatives.
Adani Energy Solutions
The company signed an agreement with RSWM to supply 60 MW of renewable energy across Rajasthan. This will increase renewable energy’s contribution to 70% of RSWM’s total power usage.
Zydus Lifesciences
Received a USFDA Establishment Inspection Report (EIR) for its Ahmedabad SEZ-II facility, classified as No Action Indicated (NAI), confirming compliance and closure of inspection.
Marksans Pharma
Its UK subsidiary Relonchem obtained regulatory approval from MHRA for Exemestane 25 mg tablets, used for hormone-positive breast cancer in postmenopausal women.
Force Motors
Reported 32.1% YoY growth in sales to 2,835 units in October, reflecting strong demand for commercial and passenger vehicles.
Bulk Deals and Institutional Activity
- Stallion India Fluorochemicals: Promoter Shazad Sheriar Rustomji sold 8.08 lakh shares (1.01%) at ₹247.65 per share, valued at ₹20 crore.
- AAA Technologies: Promoter Anjay Agarwal sold 1 lakh shares at ₹93.1 per share for ₹93 lakh to Nautilus.
New Listings and Ex-Dividend Stocks
- Mainboard Listing: Orkla India
- SME Listing: Safecure Services
Stocks trading ex-dividend today:
- Hindustan Petroleum Corporation (HPCL)
- Nippon Life India AMC
- Share India Securities
- TD Power Systems
- Vaibhav Global
Market Overview
As Q2 earnings season progresses, the share market today reflects a mixed performance — while companies in manufacturing, infrastructure, and hospitality continue to post healthy growth, select consumer and aviation firms face margin and cost pressures.
Sectoral rotation remains visible with strong participation from industrial, chemical, and fertilizer players, highlighting resilience in India’s domestic growth fundamentals despite global headwinds.
Summary
The stocks to watch today include NSE, IndiGo, Paytm, Grasim Industries, Adani Energy, Chambal Fertilisers, Berger Paints, Chalet Hotels, and Zydus Lifesciences. Investors will track quarterly earnings, corporate deals, and regulatory updates that may influence market sentiment through the trading session.
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