< -5%

INFIBPP

-5% to -3%

Megri Soft

BlackBuck

Just Dial

AGS Transact

Swiggy

One Mobikwik

Eternal

FSN E-Co Nykaa

BLS E-Services

-3% to 0%

One 97 Paytm

Infibeam Avenue

Matrimony.com

IRCTC

0% to 3%

3% to 5%

DC Infotech

The shares of <a href="https://www.moneycontrol.com/india/stockpricequote/finance-nbfc/piramalfinance/PFL06">Piramal Finance</a> listed at Rs 1,260 apiece on NSE on November 7 after its merger with Piramal Enterprises. The IPO-less market debut marks a 12 percent premium over the discovered price of Rs 1,124.20 apiece.

<a href="https://www.moneycontrol.com/india/stockpricequote/finance-nbfc/piramalenterprises/PH05">Piramal Enterprises</a> shares had ceased trading on stock exchanges since September 23. Piramal Finance was earlier a wholly-owned subsidiary of Piramal Enterprises.

About Piramal Finance and Piramal Enterprises merger:

NCLT on September 10 approved the merger of Piramal Enterprises with its wholly-owned subsidiary, Piramal Finance. Piramal Enterprises fixed September 23 as the record date for its merger with Piramal Finance. "Shareholders of PEL on the record date will receive equity shares of PFL in a 1:1 ratio, as outlined in the merger scheme," the firm said in a statement. "All debt securities issued by PEL will also be transferred to PFL," the company said.

Anand Piramal has assumed the role of chairman of Piramal Finance following its absorption of parent company Piramal Enterprises, effective from September 16, 2025.

What will be driving the next phase of growth for the company?

Jairam Sridharan, the MD &amp; CEO of Piramal Finance, recently told <a href="https://www.moneycontrol.com/banking/piramal-finance-set-to-re-list-md-and-ceo-says-nbfc-on-track-to-deliver-3-percent-roa-article-13657306.html/amp?classic=true">Moneycontrol</a> that improved operating efficiencies, maturing businesses and optimization of technology along with AI would be driving the next phase of profitable growth for the company. Sridharan added that the NBFC is aiming to meet the 3 percent Return on Assets (RoA) target in the coming years.

"For me personally and for the firm, it’s been very transformational five years. This was my first time of working in an NBFC and working in a family owned enterprise. The joy of building something ground up is very different. I wouldn't trade this experience for anything. We have transitioned from being essentially a wholesale lender to a retailer and such a transition is very uncommon in Indian financial services, especially at this scale and over a period of five years," he told Moneycontrol.

"The market has been conducive, and the promoter family has been very supportive of the strategy and lots of things have to fall in place for this to happen. In September 2021, after Dewan Housing acquisition got done, we were about Rs 20,000 crore book of retail. Today, that book is more than Rs 75,000 crore. The retail plus new wholesale business has grown 4x in four years. The break-even of business happened in July 2023, about two years after Dewan acquisition," he added.

Also read: <a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-sensex-nifty-50-share-price-gift-nifty-latest-updates-07-11-2025-liveblog-13658592.html">Our LIVE blog on stock market updates</a>

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

Ownership, Material Conflicts of Interest and Disciplinary History

MCD is a wholly owned subsidiary of Network 18 Media & Investments Ltd ("Network18"), in which Independent Media Trust (IMT) holds 56.89% stake. Reliance Industries Limited ("RIL") is the sole beneficiary of IMT. Network18 and RIL and their subsidiaries, joint ventures and associates can be considered as associates of MCD.

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Market-Making Activities

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Piramal Finance shares list at 12% premium at Rs 1,260 after merger with Piramal Enterprises

The shares of Piramal Finance listed at Rs 1,260 apiece on NSE on November 7 after its merger with Piramal Enterprises. The IPO-less market debut marks a 12 percent premium over the discovered price of Rs 1,124.20 apiece.

Piramal Enterprises shares had ceased trading on stock exchanges since September 23. Piramal Finance was earlier a wholly-owned subsidiary of Piramal Enterprises.

About Piramal Finance and Piramal Enterprises merger:

NCLT on September 10 approved the merger of Piramal Enterprises with its wholly-owned subsidiary, Piramal Finance. Piramal Enterprises fixed September 23 as the record date for its merger with Piramal Finance. &quot;Shareholders of PEL on the record date will receive equity shares of PFL in a 1:1 ratio, as outlined in the merger scheme,&quot; the firm said in a statement. &quot;All debt securities issued by PEL will also be transferred to PFL,&quot; the company said.

Anand Piramal has assumed the role of chairman of Piramal Finance following its absorption of parent company Piramal Enterprises, effective from September 16, 2025.

What will be driving the next phase of growth for the company?

Jairam Sridharan, the MD &amp;amp; CEO of Piramal Finance, recently told Moneycontrol that improved operating efficiencies, maturing businesses and optimization of technology along with AI would be driving the next phase of profitable growth for the company. Sridharan added that the NBFC is aiming to meet the 3 percent Return on Assets (RoA) target in the coming years.

&quot;For me personally and for the firm, it’s been very transformational five years. This was my first time of working in an NBFC and working in a family owned enterprise. The joy of building something ground up is very different. I wouldn't trade this experience for anything. We have transitioned from being essentially a wholesale lender to a retailer and such a transition is very uncommon in Indian financial services, especially at this scale and over a period of five years,&quot; he told Moneycontrol.

&quot;The market has been conducive, and the promoter family has been very supportive of the strategy and lots of things have to fall in place for this to happen. In September 2021, after Dewan Housing acquisition got done, we were about Rs 20,000 crore book of retail. Today, that book is more than Rs 75,000 crore. The retail plus new wholesale business has grown 4x in four years. The break-even of business happened in July 2023, about two years after Dewan acquisition,&quot; he added.

Also read: Our LIVE blog on stock market updates

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

Let's catch up on the latest news from the stock market. From significant investments to major deals, quarterly earnings, and order wins, here’s a quick look at which stocks will be in focus in today's trade:

<a href="https://www.moneycontrol.com/markets/earnings/" target="_blank">Results Today</a>

Bajaj Auto, Hindalco Industries, National Aluminium Company, FSN E-Commerce Ventures Nykaa, Aegis Logistics, AstraZeneca Pharma, Divis Laboratories, JSW Cement, Kalyan Jewellers, Petronet LNG, Power Finance Corporation, Signature Global, SpiceJet, Torrent Pharmaceuticals, Trent, UNO Minda, and VA Tech Wabag will release their quarterly earnings today.

<a href="https://www.moneycontrol.com/markets/earnings/" target="_blank">Results on November 8</a>

Anant Raj, Craftsman Automation, Ethos, Gujarat Ambuja Exports, Greenlam Industries, Karnataka Bank, Olectra Greentech, Poly Medicure, Transformers and Rectifiers (India), and Voltamp Transformers will announce their quarterly results on November 8.

<a href="https://www.moneycontrol.com/markets/earnings/" target="_blank">Quarterly Earnings</a>

<a href="https://www.moneycontrol.com/india/stockpricequote/hospitalsmedical-services/apollohospitalsenterprises/AHE" target="_blank">Apollo Hospitals Enterprise</a> Q2 (Consolidated YoY)

Profit grows 24.8% to Rs 494 crore Vs Rs 395.7 crore

Revenue increases 12.8% to Rs 6,303.5 crore Vs Rs 5,589.3 crore

<a href="https://www.moneycontrol.com/india/stockpricequote/pharmaceuticals/lupin/L" target="_blank">Lupin</a> Q2 (Consolidated YoY)

Profit zooms 73.3% to Rs 1,477.9 crore Vs Rs 852.6 crore

Revenue soars 24.2% to Rs 7,047.5 crore Vs Rs 5,672.7 crore

<a href="https://www.moneycontrol.com/india/stockpricequote/infrastructure-general/abbindia/ABB" target="_blank">ABB India</a> Q3CY25 (Consolidated YoY)

Profit falls 7.2% to Rs 408.9 crore Vs Rs 440.5 crore

Revenue grows 13.7% to Rs 3,310.7 crore Vs Rs 2,912.2 crore

<a href="https://www.moneycontrol.com/india/stockpricequote/power-generationdistribution/nhpc/N07" target="_blank">NHPC</a> Q2 (Consolidated YoY)

Profit soars 13.5% to Rs 1,021.4 crore Vs Rs 900 crore

Revenue increases 10.3% to Rs 3,365.3 crore Vs Rs 3,051.9 crore

<a href="https://www.moneycontrol.com/india/stockpricequote/pharmaceuticalsdrugs/mankindpharma/MP22">Mankind Pharma</a> Q2 (Consolidated YoY)

Profit declines 22% to Rs 511.5 crore Vs Rs 655.8 crore

Revenue jumps 20.8% to Rs 3,697.2 crore Vs Rs 3,061.4 crore

<a href="https://www.moneycontrol.com/india/stockpricequote/pharmaceuticals/glaxosmithklinepharmaceuticals/GSK">GlaxoSmithKline Pharmaceuticals</a> Q2 (Consolidated YoY)

Profit rises 2% to Rs 257.5 crore Vs Rs 252.5 crore

Revenue drops 3% to Rs 979.9 crore Vs Rs 1,010.8 crore

<a href="https://www.moneycontrol.com/india/stockpricequote/engineering-heavy/gmmpfaudler/GMM01">GMM Pfaudler</a> Q2 (Consolidated YoY)

Profit zooms 172.2% to Rs 41.4 crore Vs Rs 15.2 crore

Revenue increases 12% to Rs 902.3 crore Vs Rs 805.4 crore

<a href="https://www.moneycontrol.com/india/stockpricequote/electricals/cromptongreavesconsumerelectrical/CGC01">Crompton Greaves Consumer Electricals</a> Q2 (Consolidated YoY)

Profit sinks 43% to Rs 71.2 crore Vs Rs 124.9 crore

Revenue rises 1% to Rs 1,915.6 crore Vs Rs 1,896.2 crore

<a href="https://www.moneycontrol.com/india/stockpricequote/finance-housing/bajajhousingfinance/BHFL">Bajaj Housing Finance</a> Q2 (YoY)

Profit grows 17.8% to Rs 643 crore Vs Rs 545.6 crore

Revenue increases 14.3% to Rs 2,755 crore Vs Rs 2,410.2 crore

Net interest income surges 34% to Rs 956.5 crore Vs 713.3 crore

<a href="https://www.moneycontrol.com/india/stockpricequote/engines/cumminsindia/CI02">Cummins India</a> Q2 (Consolidated YoY)

Profit spikes 38.5% to Rs 622.3 crore Vs Rs 449.4 crore

Revenue jumps 26.4% to Rs 3,170.3 crore Vs Rs 2,508.6 crore

<a href="https://www.moneycontrol.com/india/stockpricequote/miscellaneous/amberenterprisesindialimited/AEI01">Amber Enterprises India</a> Q2 (Consolidated YoY)

Loss stands at Rs 32.9 crore Vs profit of Rs 19.2 crore

Revenue declines 2.2% to Rs 1,647 crore Vs Rs 1,684.7 crore

<a href="https://www.moneycontrol.com/india/stockpricequote/electricals/genuspowerinfrastructures/GPI08">Genus Power Infrastructures</a> Q2 (Consolidated YoY)

Profit zooms 72% to Rs 143 crore Vs Rs 83 crore

Revenue spikes 136% to Rs 1,149 crore Vs Rs 486.9 crore

<a href="https://www.moneycontrol.com/india/stockpricequote/diversified/asterdmhealthcareltd/ADH">Aster DM Healthcare</a> Q2 (Consolidated YoY)

Profit grows 13.6% to Rs 110 crore Vs Rs 96.8 crore

Revenue increases 10.2% to Rs 1,197.2 crore Vs Rs 1,086.4 crore

<a href="https://www.moneycontrol.com/india/stockpricequote/auto-ancillaries/pricol/P9">Pricol</a> Q2 (Consolidated YoY)

Profit zooms 42% to Rs 64 crore Vs Rs 45.1 crore

Revenue soars 50.5% to Rs 1,006.9 crore Vs Rs 668.8 crore

<a href="https://www.moneycontrol.com/india/stockpricequote/auto-ancillaries/amararajaenergymobility/ARB">Amara Raja Energy &amp; Mobility</a> Q2 (Consolidated YoY)

Profit grows 17.4% to Rs 276.5 crore Vs Rs 235.6 crore

Revenue increases 6.7% to Rs 3,467 crore Vs Rs 3,250.7 crore

<a href="https://www.moneycontrol.com/india/stockpricequote/computers-software-mediumsmall/birlasoft/KPI02">Birlasoft</a> Q2 (Consolidated YoY)

Profit falls 9% to Rs 116.1 crore Vs Rs 127.5 crore

Revenue declines 2.9% to Rs 1,328.9 crore Vs Rs 1,368.2 crore

<a href="https://www.moneycontrol.com/india/stockpricequote/chemicals/aartiindustries/AI45">Aarti Industries</a> Q2 (Consolidated YoY)

Profit surges 104% to Rs 106 crore Vs Rs 52 crore

Revenue soars 29% to Rs 2,100 crore Vs Rs 1,628 crore

<a href="https://www.moneycontrol.com/india/stockpricequote/chemicals/lindeindia/BOC">Linde India</a> Q2 (Consolidated YoY)

Profit spikes 60.7% to Rs 171 crore Vs Rs 106.4 crore

Revenue rises 1.5% to Rs 644.2 crore Vs Rs 634.4 crore

Stocks to Watch

<a href="https://www.moneycontrol.com/india/stockpricequote/telecommunications-service/bhartiairtel/BA08">Bharti Airtel</a>

Singtel may sell a 0.8% stake in Bharti Airtel, with a block size of Rs 10,300 crore and a floor price of Rs 2,030 per share, reports CNBC-TV18 quoting sources.

<a href="https://www.moneycontrol.com/india/stockpricequote/auto-23-wheelers/tvsmotorcompany/TVS">TVS Motor Company</a>

The company has entered into share purchase agreements with Accel India VIII (Mauritius) for the sale of 11,997 Series D Compulsory Convertible Preference Shares, and with MIH Investments One BV for the sale of 10 equity shares and 11,988 Series D CCPS in Roppen Transportation Services (Rapido) for Rs 288 crore.

<a href="https://www.moneycontrol.com/india/stockpricequote/miscellaneous/railvikasnigam/RVN">Rail Vikas Nigam</a>

The company has emerged as the lowest bidder for a contract worth Rs 272 crore from Central Railway. The contract involves the design, supply, erection, testing, and commissioning of a 220/132/55 KV traction substation, sectioning posts (SPs), and sub-sectioning posts (SSPs) in the 2x25 KV traction system (Scott-connected transformer) of the Daund–Solapur sections of Central Railway.

<a href="https://www.moneycontrol.com/india/stockpricequote/infrastructure-general/nbccindia/NBC01">NBCC India</a>

The company has signed a strategic MoU with Goldfields Commercials, a real estate developer in Australia, for the identification, development, and execution of real estate, housing, infrastructure, and redevelopment projects in Australia.

<a href="https://www.moneycontrol.com/india/stockpricequote/auto-carsjeeps/marutisuzukiindia/MS24">Maruti Suzuki India</a>

The National Company Law Tribunal (NCLT), New Delhi, has sanctioned the scheme of amalgamation of subsidiary Suzuki Motor Gujarat into Maruti Suzuki India.

Block Deals

<a href="https://www.moneycontrol.com/india/stockpricequote/banks-private-sector/rblbank/RB03">RBL Bank</a>

Mahindra and Mahindra, the flagship company of the Mahindra Group, sold 2.11 crore equity shares in RBL Bank (equivalent to 3.45% of paid-up equity) at Rs 320.65 per share, valued at Rs 677.95 crore.

Global investors such as Abu Dhabi Investment Authority, Citigroup Global, Société Générale, BofA Securities Europe, Goldman Sachs, and Morgan Stanley, as well as domestic institutional investors like HSBC MF, Kotak Mahindra MF, SBI Mutual Fund, HDFC Standard Life Insurance Company, and Aditya Birla Sun Life AMC, were buyers of the said 3.45% stake in RBL Bank.

Bulk Deals

<a href="https://www.moneycontrol.com/india/stockpricequote/auto-ancillaries-brakes/atherenergy/AEL09">Ather Energy</a>

Internet Fund III, owned by venture capital fund Tiger Global Management, exited Bengaluru-based electric scooter maker Ather Energy by selling its entire 5.09% stake for Rs 1,204.4 crore.

Internet Fund sold 1.01 crore shares at Rs 623.56 per share and 92.35 lakh shares at Rs 620.45 per share in Ather Energy.

<a href="https://www.moneycontrol.com/india/stockpricequote/consumer-food/orklaindia/OIL02">Orkla India</a>

Nippon India Mutual Fund has bought 62.22 lakh shares (a 4.54% stake) in the spices and convenience foods maker at Rs 737.96 per share, amounting to Rs 459.2 crore.

<a href="https://www.moneycontrol.com/india/stockpricequote/trading/dhariwalcorp/DL04">Dhariwalcorp</a>, <a href="https://www.moneycontrol.com/india/stockpricequote/plastic-products/essenspecialityfilms/ESF01">Essen Speciality Films</a>

GreenX Wealth Multi Horizons Opportunity Fund acquired 2.18 lakh shares (a 2.4% stake) in Dhariwalcorp, the wax and industrial chemicals trader, at Rs 248.58 per share for Rs 5.4 crore.

The fund also bought 1.25 lakh shares (a 0.5% stake) in Essen Speciality Films, the plastic products maker, at Rs 202.21 per share for Rs 2.5 crore.

Mainboard Listing

Studds Accessories

Stocks Trade Ex-Dividend

Hindustan Unilever
Godrej Consumer Products
Bharat Petroleum Corporation
Dabur India
Aptus Value Housing Finance
Balkrishna Industries
Computer Age Management Services
Deep Diamond India
Dr Agarwals Eye Hospital
Dr Lal PathLabs
Manappuram Finance
Navin Fluorine International
NTPC
OCCL
R R Kabel
Sanofi India
Shriram Finance

Stock Trades Ex-Date for Rights

Annvrridhhi Ventures

Stocks Trade Ex-Date for Income Distribution RITES

Brookfield India Real Estate Trust REIT
Embassy Office Parks REIT
Mindspace Business Parks REIT

Stocks to Watch Today: Bharti Airtel, Lupin, TVS Motor, RVNL, Apollo Hospitals, Studds Accessories, GMM Pfaudler, Cummins, Amber Enterprises, Genus Power in focus on 07 November

Let's catch up on the latest news from the stock market. From significant investments to major deals, quarterly earnings, and order wins, here’s a quick look at which stocks will be in focus in today's trade:

Results Today

Bajaj Auto, Hindalco Industries, National Aluminium Company, FSN E-Commerce Ventures Nykaa, Aegis Logistics, AstraZeneca Pharma, Divis Laboratories, JSW Cement, Kalyan Jewellers, Petronet LNG, Power Finance Corporation, Signature Global, SpiceJet, Torrent Pharmaceuticals, Trent, UNO Minda, and VA Tech Wabag will release their quarterly earnings today.

Results on November 8

Anant Raj, Craftsman Automation, Ethos, Gujarat Ambuja Exports, Greenlam Industries, Karnataka Bank, Olectra Greentech, Poly Medicure, Transformers and Rectifiers (India), and Voltamp Transformers will announce their quarterly results on November 8.

Quarterly Earnings

Apollo Hospitals Enterprise Q2 (Consolidated YoY)

Profit grows 24.8% to Rs 494 crore Vs Rs 395.7 crore

Revenue increases 12.8% to Rs 6,303.5 crore Vs Rs 5,589.3 crore

Lupin Q2 (Consolidated YoY)

Profit zooms 73.3% to Rs 1,477.9 crore Vs Rs 852.6 crore

Revenue soars 24.2% to Rs 7,047.5 crore Vs Rs 5,672.7 crore

ABB India Q3CY25 (Consolidated YoY)

Profit falls 7.2% to Rs 408.9 crore Vs Rs 440.5 crore

Revenue grows 13.7% to Rs 3,310.7 crore Vs Rs 2,912.2 crore

NHPC Q2 (Consolidated YoY)

Profit soars 13.5% to Rs 1,021.4 crore Vs Rs 900 crore

Revenue increases 10.3% to Rs 3,365.3 crore Vs Rs 3,051.9 crore

Mankind Pharma Q2 (Consolidated YoY)

Profit declines 22% to Rs 511.5 crore Vs Rs 655.8 crore

Revenue jumps 20.8% to Rs 3,697.2 crore Vs Rs 3,061.4 crore

GlaxoSmithKline Pharmaceuticals Q2 (Consolidated YoY)

Profit rises 2% to Rs 257.5 crore Vs Rs 252.5 crore

Revenue drops 3% to Rs 979.9 crore Vs Rs 1,010.8 crore

GMM Pfaudler Q2 (Consolidated YoY)

Profit zooms 172.2% to Rs 41.4 crore Vs Rs 15.2 crore

Revenue increases 12% to Rs 902.3 crore Vs Rs 805.4 crore

Crompton Greaves Consumer Electricals Q2 (Consolidated YoY)

Profit sinks 43% to Rs 71.2 crore Vs Rs 124.9 crore

Revenue rises 1% to Rs 1,915.6 crore Vs Rs 1,896.2 crore

Bajaj Housing Finance Q2 (YoY)

Profit grows 17.8% to Rs 643 crore Vs Rs 545.6 crore

Revenue increases 14.3% to Rs 2,755 crore Vs Rs 2,410.2 crore

Net interest income surges 34% to Rs 956.5 crore Vs 713.3 crore

Cummins India Q2 (Consolidated YoY)

Profit spikes 38.5% to Rs 622.3 crore Vs Rs 449.4 crore

Revenue jumps 26.4% to Rs 3,170.3 crore Vs Rs 2,508.6 crore

Amber Enterprises India Q2 (Consolidated YoY)

Loss stands at Rs 32.9 crore Vs profit of Rs 19.2 crore

Revenue declines 2.2% to Rs 1,647 crore Vs Rs 1,684.7 crore

Genus Power Infrastructures Q2 (Consolidated YoY)

Profit zooms 72% to Rs 143 crore Vs Rs 83 crore

Revenue spikes 136% to Rs 1,149 crore Vs Rs 486.9 crore

Aster DM Healthcare Q2 (Consolidated YoY)

Profit grows 13.6% to Rs 110 crore Vs Rs 96.8 crore

Revenue increases 10.2% to Rs 1,197.2 crore Vs Rs 1,086.4 crore

Pricol Q2 (Consolidated YoY)

Profit zooms 42% to Rs 64 crore Vs Rs 45.1 crore

Revenue soars 50.5% to Rs 1,006.9 crore Vs Rs 668.8 crore

Amara Raja Energy &amp;amp; Mobility Q2 (Consolidated YoY)

Profit grows 17.4% to Rs 276.5 crore Vs Rs 235.6 crore

Revenue increases 6.7% to Rs 3,467 crore Vs Rs 3,250.7 crore

Birlasoft Q2 (Consolidated YoY)

Profit falls 9% to Rs 116.1 crore Vs Rs 127.5 crore

Revenue declines 2.9% to Rs 1,328.9 crore Vs Rs 1,368.2 crore

Aarti Industries Q2 (Consolidated YoY)

Profit surges 104% to Rs 106 crore Vs Rs 52 crore

Revenue soars 29% to Rs 2,100 crore Vs Rs 1,628 crore

Linde India Q2 (Consolidated YoY)

Profit spikes 60.7% to Rs 171 crore Vs Rs 106.4 crore

Revenue rises 1.5% to Rs 644.2 crore Vs Rs 634.4 crore

Stocks to Watch

Bharti Airtel

Singtel may sell a 0.8% stake in Bharti Airtel, with a block size of Rs 10,300 crore and a floor price of Rs 2,030 per share, reports CNBC-TV18 quoting sources.

TVS Motor Company

The company has entered into share purchase agreements with Accel India VIII (Mauritius) for the sale of 11,997 Series D Compulsory Convertible Preference Shares, and with MIH Investments One BV for the sale of 10 equity shares and 11,988 Series D CCPS in Roppen Transportation Services (Rapido) for Rs 288 crore.

Rail Vikas Nigam

The company has emerged as the lowest bidder for a contract worth Rs 272 crore from Central Railway. The contract involves the design, supply, erection, testing, and commissioning of a 220/132/55 KV traction substation, sectioning posts (SPs), and sub-sectioning posts (SSPs) in the 2x25 KV traction system (Scott-connected transformer) of the Daund–Solapur sections of Central Railway.

NBCC India

The company has signed a strategic MoU with Goldfields Commercials, a real estate developer in Australia, for the identification, development, and execution of real estate, housing, infrastructure, and redevelopment projects in Australia.

Maruti Suzuki India

The National Company Law Tribunal (NCLT), New Delhi, has sanctioned the scheme of amalgamation of subsidiary Suzuki Motor Gujarat into Maruti Suzuki India.

Block Deals

RBL Bank

Mahindra and Mahindra, the flagship company of the Mahindra Group, sold 2.11 crore equity shares in RBL Bank (equivalent to 3.45% of paid-up equity) at Rs 320.65 per share, valued at Rs 677.95 crore.

Global investors such as Abu Dhabi Investment Authority, Citigroup Global, Société Générale, BofA Securities Europe, Goldman Sachs, and Morgan Stanley, as well as domestic institutional investors like HSBC MF, Kotak Mahindra MF, SBI Mutual Fund, HDFC Standard Life Insurance Company, and Aditya Birla Sun Life AMC, were buyers of the said 3.45% stake in RBL Bank.

Bulk Deals

Ather Energy

Internet Fund III, owned by venture capital fund Tiger Global Management, exited Bengaluru-based electric scooter maker Ather Energy by selling its entire 5.09% stake for Rs 1,204.4 crore.

Internet Fund sold 1.01 crore shares at Rs 623.56 per share and 92.35 lakh shares at Rs 620.45 per share in Ather Energy.

Orkla India

Nippon India Mutual Fund has bought 62.22 lakh shares (a 4.54% stake) in the spices and convenience foods maker at Rs 737.96 per share, amounting to Rs 459.2 crore.

Dhariwalcorp, Essen Speciality Films

GreenX Wealth Multi Horizons Opportunity Fund acquired 2.18 lakh shares (a 2.4% stake) in Dhariwalcorp, the wax and industrial chemicals trader, at Rs 248.58 per share for Rs 5.4 crore.

The fund also bought 1.25 lakh shares (a 0.5% stake) in Essen Speciality Films, the plastic products maker, at Rs 202.21 per share for Rs 2.5 crore.

Mainboard Listing

Studds Accessories

Stocks Trade Ex-Dividend

Hindustan Unilever
Godrej Consumer Products
Bharat Petroleum Corporation
Dabur India
Aptus Value Housing Finance
Balkrishna Industries
Computer Age Management Services
Deep Diamond India
Dr Agarwals Eye Hospital
Dr Lal PathLabs
Manappuram Finance
Navin Fluorine International
NTPC
OCCL
R R Kabel
Sanofi India
Shriram Finance

Stock Trades Ex-Date for Rights

Annvrridhhi Ventures

Stocks Trade Ex-Date for Income Distribution RITES

Brookfield India Real Estate Trust REIT
Embassy Office Parks REIT
Mindspace Business Parks REIT

Mahindra and Mahindra, the flagship company of the Mahindra Group, exited RBL Bank by selling its entire 3.45 percent shareholding in the bank via open market transactions on November 6.

<a href="https://www.moneycontrol.com/india/stockpricequote/banks-private-sector/rblbank/RB03">RBL Bank</a> closed the session at Rs 325.6 on Thursday, up half a percent. The stock has been in a consolidation phase especially after recording over 9 percent rally on October 20 following the news of major stake acquisition by Emirates NBD in the bank.

<a href="https://www.moneycontrol.com/india/stockpricequote/auto-carsjeeps/mahindramahindra/MM">Mahindra and Mahindra</a>, the flagship company of the Mahindra Group, sold 2.11 crore equity shares in RBL Bank (equivalent to 3.45 percent of paid-up equity) at Rs 320.65 per share, valued at Rs 677.95 crore.

Global investors like Abu Dhabi Investment Authority, Citigroup Global, Societe Generale, BofA Securities Europe, Goldman Sachs, and Morgan Stanley as well as domestic institutional investors like HSBC MF, Kotak Mahindra MF, SBI Mutual Fund, HDFC Standard Life Insurance Company, and Aditya Birla Sun Life AMC were buyers for the said 3.45 percent stake in RBL Bank.

Meanwhile, Internet Fund III, owned by the venture capital fund Tiger Global Management, also exited Bengaluru-based electric scooters maker <a href="https://www.moneycontrol.com/india/stockpricequote/auto-ancillaries-brakes/atherenergy/AEL09">Ather Energy</a> by selling entire 5.09 percent shares for Rs 1,204.4 crore.

Internet Fund sold 1.01 crore shares at Rs 623.56 per share, and 92.35 lakh shares at Rs 620.45 per share in Ather Energy. The stock reacted to the stake sale given the heavy volume selling, falling 5 percent to Rs 633.85 on the NSE.

Newly listed <a href="https://www.moneycontrol.com/india/stockpricequote/consumer-food/orklaindia/OIL02">Orkla India</a> was also in focus, which closed the first trading session with 2.24 percent loss at Rs 713.65. Nippon India Mutual Fund has bought 62.22 lakh shares (4.54 percent stake) in the spices and convenience foods maker at Rs 737.96 per share for Rs 459.2 crore.

Meanwhile, GreenX Wealth Multi Horizons Opportunity Fund acquired 2.18 lakh shares (2.4 percent stake) in <a href="https://www.moneycontrol.com/india/stockpricequote/trading/dhariwalcorp/DL04">Dhariwalcorp</a>, the wax and industrial chemicals trader at Rs 248.58 per share for Rs 5.4 crore, and 1.25 lakh shares (0.5 percent stake) in <a href="https://www.moneycontrol.com/india/stockpricequote/plastic-products/essenspecialityfilms/ESF01">Essen Speciality Films</a>, the plastic products maker, at Rs 202.21 per share for Rs 2.5 crore.

iSquare Global PE Fund bought 68,000 shares in <a href="https://www.moneycontrol.com/india/stockpricequote/miscellaneous/emergentindustrialsolutions/STL02">Emergent Industrial Solutions</a> at Rs 636.3 per share for Rs 4.3 crore, while Davos International Fund sold 67,539 shares in the company at same price for Rs 4.29 crore.
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M&M exits RBL Bank for Rs 678 crore, Tiger Global sells entire stake in Ather Energy

Mahindra and Mahindra, the flagship company of the Mahindra Group, exited RBL Bank by selling its entire 3.45 percent shareholding in the bank via open market transactions on November 6.

RBL Bank closed the session at Rs 325.6 on Thursday, up half a percent. The stock has been in a consolidation phase especially after recording over 9 percent rally on October 20 following the news of major stake acquisition by Emirates NBD in the bank.

Mahindra and Mahindra, the flagship company of the Mahindra Group, sold 2.11 crore equity shares in RBL Bank (equivalent to 3.45 percent of paid-up equity) at Rs 320.65 per share, valued at Rs 677.95 crore.

Global investors like Abu Dhabi Investment Authority, Citigroup Global, Societe Generale, BofA Securities Europe, Goldman Sachs, and Morgan Stanley as well as domestic institutional investors like HSBC MF, Kotak Mahindra MF, SBI Mutual Fund, HDFC Standard Life Insurance Company, and Aditya Birla Sun Life AMC were buyers for the said 3.45 percent stake in RBL Bank.

Meanwhile, Internet Fund III, owned by the venture capital fund Tiger Global Management, also exited Bengaluru-based electric scooters maker Ather Energy by selling entire 5.09 percent shares for Rs 1,204.4 crore.

Internet Fund sold 1.01 crore shares at Rs 623.56 per share, and 92.35 lakh shares at Rs 620.45 per share in Ather Energy. The stock reacted to the stake sale given the heavy volume selling, falling 5 percent to Rs 633.85 on the NSE.

Newly listed Orkla India was also in focus, which closed the first trading session with 2.24 percent loss at Rs 713.65. Nippon India Mutual Fund has bought 62.22 lakh shares (4.54 percent stake) in the spices and convenience foods maker at Rs 737.96 per share for Rs 459.2 crore.

Meanwhile, GreenX Wealth Multi Horizons Opportunity Fund acquired 2.18 lakh shares (2.4 percent stake) in Dhariwalcorp, the wax and industrial chemicals trader at Rs 248.58 per share for Rs 5.4 crore, and 1.25 lakh shares (0.5 percent stake) in Essen Speciality Films, the plastic products maker, at Rs 202.21 per share for Rs 2.5 crore.

iSquare Global PE Fund bought 68,000 shares in Emergent Industrial Solutions at Rs 636.3 per share for Rs 4.3 crore, while Davos International Fund sold 67,539 shares in the company at same price for Rs 4.29 crore.

M&amp;M exits RBL Bank for Rs 678 crore, Tiger Global sells entire stake in Ather Energy

The shares of Apple products-distributor in India Redington jumped in trade on November 6 after the company released better-than-expected results for the second quarter of the financial year 2026, boosting investor sentiment. The shares closed around 15 percent higher at Rs 287.15 apiece.

The shares of Indian Hotels Company (IHCL) meanwhile dropped over 6 percent to close in the deep red at Rs 697 apiece.

Redington Q2 Results LIVE:

<a href="https://www.moneycontrol.com/india/stockpricequote/computers-hardware/redington/RI37">Redington</a> on November 5 reported a net profit of Rs 388 crore for the July-September quarter of the financial year 2026. This marks a rise of more than 32 percent year-on-year (YoY) from the Rs 293 crore net profit reported in the same period of the previous financial year.

The firm's revenue from operations meanwhile rose around 17 percent YoY to Rs 29,076 crore during the quarter under review, as against Rs 24,896 crore in the year-ago period.

Redington share price:

Redington shares closed at Rs 287.15 apiece, after hitting an intraday high of Rs 293.30 apiece. This is the highest level seen by the stock in nearly one month.

The stock has gained nearly 11 percent in the past five days, and around 15 percent in the past six months. The stock has rallied nearly 44 percent in 2025 so far, and has a P/E ratio of around 11.

IHCL Q2 Results:

The Indian Hotels Company (<a href="https://www.moneycontrol.com/india/stockpricequote/hotel-resortrestaurants/indianhotelsre/IHR">IHCL</a>) on November 4 reported a consolidated net profit of Rs 285 crore for the July-September quarter of the financial year 2026. This marks a 49 percent YoY decrease from the Rs 554.58 crore net profit reported in the same period last year, including a one-time gain.

The firm’s revenue from operations meanwhile rose nearly 12 percent YoY to Rs 2,041 crore.

Brokerages on IHCL:

IHCL reported an in-line quarter, although consolidated revenue missed estimate by 2 percent, said JM Financial. “Revenue for IHCL’s standalone business grew 2% YoY to INR 10.6bn, growth being impacted by renovation-related closures at key owned assets and the high base of last year. Standalone EBITDA of INR 3.7bn, contributed c. 65% of consolidated earnings and grew at 8% YoY,” it said.

"IHCL continued its accelerated growth momentum in 1HFY26 with 46 signings to reach a portfolio of 570 hotels and opened 26 hotels, crossing a milestone of 250+ operating hotels in India with over 25,000 rooms. The management stated that the business has rebounded significantly, and business on books looks strong for the next 2 months. IHCL remains confident of achieving the guidance of double digit revenue growth for the full year. We expect the company to report 12%/15% CAGR in Revenue/EBITDA over FY25-28E aided by 7% CAGR in ARR and gradual improvement in occupancy," the domestic brokerage said.

The firm has an 'Add' rating on the stock, with a target price of Rs 835 per share.

Brokerage Nirmal Bang said that the firm’s second quarter results were hurt by unusually heavy rains that hit hospitality and a high base. However, it expects a strong second half of fiscal 2026 on robust bookings and benefits from renovations

UBS anticipates stronger momentum starting November, with most renovations across Taj Delhi and Goa properties being completed. The international brokerage kept a ‘Buy’ rating on the stock, with a target price of Rs 900 per share.

JP Morgan remains ‘Overweight’ on the stock, with a target price of Rs 890 per share. It said that the company’s key markets will remain resilient, supporting pricing power and occupancy rates.

Also read: <a href="https://www.moneycontrol.com/news/business/earnings/q2-results-2025-live-updates-lic-cummins-india-apollo-hospitals-abb-india-lupin-zydus-bajaj-housing-fianace-q2-earnings-dividend-share-price-nov-6-liveblog-13656531.html">Our LIVE blog on Q2 updates</a>

(With inputs from Reuters)

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

Q2 Results impact: Redington shares surge 15% after net profit jumps 32% to Rs 388 crore, Indian Hotels down 6%

The shares of Apple products-distributor in India Redington jumped in trade on November 6 after the company released better-than-expected results for the second quarter of the financial year 2026, boosting investor sentiment. The shares closed around 15 percent higher at Rs 287.15 apiece.

The shares of Indian Hotels Company (IHCL) meanwhile dropped over 6 percent to close in the deep red at Rs 697 apiece.

Redington Q2 Results LIVE:

Redington on November 5 reported a net profit of Rs 388 crore for the July-September quarter of the financial year 2026. This marks a rise of more than 32 percent year-on-year (YoY) from the Rs 293 crore net profit reported in the same period of the previous financial year.

The firm's revenue from operations meanwhile rose around 17 percent YoY to Rs 29,076 crore during the quarter under review, as against Rs 24,896 crore in the year-ago period.

Redington share price:

Redington shares closed at Rs 287.15 apiece, after hitting an intraday high of Rs 293.30 apiece. This is the highest level seen by the stock in nearly one month.

The stock has gained nearly 11 percent in the past five days, and around 15 percent in the past six months. The stock has rallied nearly 44 percent in 2025 so far, and has a P/E ratio of around 11.

IHCL Q2 Results:

The Indian Hotels Company (IHCL) on November 4 reported a consolidated net profit of Rs 285 crore for the July-September quarter of the financial year 2026. This marks a 49 percent YoY decrease from the Rs 554.58 crore net profit reported in the same period last year, including a one-time gain.

The firm’s revenue from operations meanwhile rose nearly 12 percent YoY to Rs 2,041 crore.

Brokerages on IHCL:

IHCL reported an in-line quarter, although consolidated revenue missed estimate by 2 percent, said JM Financial. “Revenue for IHCL’s standalone business grew 2% YoY to INR 10.6bn, growth being impacted by renovation-related closures at key owned assets and the high base of last year. Standalone EBITDA of INR 3.7bn, contributed c. 65% of consolidated earnings and grew at 8% YoY,” it said.

&quot;IHCL continued its accelerated growth momentum in 1HFY26 with 46 signings to reach a portfolio of 570 hotels and opened 26 hotels, crossing a milestone of 250+ operating hotels in India with over 25,000 rooms. The management stated that the business has rebounded significantly, and business on books looks strong for the next 2 months. IHCL remains confident of achieving the guidance of double digit revenue growth for the full year. We expect the company to report 12%/15% CAGR in Revenue/EBITDA over FY25-28E aided by 7% CAGR in ARR and gradual improvement in occupancy,&quot; the domestic brokerage said.

The firm has an 'Add' rating on the stock, with a target price of Rs 835 per share.

Brokerage Nirmal Bang said that the firm’s second quarter results were hurt by unusually heavy rains that hit hospitality and a high base. However, it expects a strong second half of fiscal 2026 on robust bookings and benefits from renovations

UBS anticipates stronger momentum starting November, with most renovations across Taj Delhi and Goa properties being completed. The international brokerage kept a ‘Buy’ rating on the stock, with a target price of Rs 900 per share.

JP Morgan remains ‘Overweight’ on the stock, with a target price of Rs 890 per share. It said that the company’s key markets will remain resilient, supporting pricing power and occupancy rates.

Also read: Our LIVE blog on Q2 updates

(With inputs from Reuters)

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

The shares of <a href="https://www.moneycontrol.com/india/stockpricequote/courier-services/delhivery/D06">Delhivery</a> plunged nearly 10 percent to hit the lower circuit on November 6. This comes after the company posted a net loss pf Rs 50.4 crore for the second quarter of the financial year 2026, as against a net profit of Rs 10.2 crore reported in the corresponding quarter of the previous financial year.

Excluding the impact from Ecom Express integration costs, the firm’s profit after tax during the quarter stood at Rs 59 crore in Q2 FY26, as against Rs 10 crore in Q2 FY25, it said.

While the firm <a href="https://www.moneycontrol.com/news/business/delhivery-q2-results-logistics-major-slips-into-red-with-rs-51-crore-loss-revenue-up-17-13655015.html">slipped into the red with a net loss</a>, its revenue from operations rose around 17 percent year-on-year (YoY) to Rs 2,559.3 crore during the quarter under review.

JM Financial downgrades stock:

JM Financial noted that the lower-than-estimated results were caused by back-ended demand due to delayed purchases in the quarter before the GST cuts took place. "PTL segment also missed revenue estimates with 15.2% YoY growth but management remains confident of delivering c.20% growth for FY26. TL, SCS and Cross-border segments also remained weak. Management noted that service EBITDA guidance for FY26 still remains on track, while one-time integration costs are likely to be significantly lower than earlier anticipated," it said.

While the domestic brokerage remains positive on Delhivery's positioning and expect a strong recovery in Q3, it lowered its estimates to align with the current trajectory, JM Financial said.

Jefferies said that EBITDA was below estimates due to weak Express parcel and part truck load margins. It added that Express Parcel organic volume growth was weak.

Delhivery share price:

Delhivery shares remained locked in the lower circuit at Rs 436.40 apiece. The stock has fallen more than 9 percent in the past five days, but gained nearly 44 percent in the past six months. The stock is up over 25 percent in 2025 so far.

Its P/E ratio currently stands at around 183.

Also read: <a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-sensex-nifty-50-share-price-gift-nifty-latest-updates-06-11-2025-liveblog-13655439.html">Our LIVE blog on stock market updates</a>

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

Delhivery shares plunge 10% after firm posts Rs 50 crore net loss in Q2, JM Financial downgrades stock to 'Add'

The shares of Delhivery plunged nearly 10 percent to hit the lower circuit on November 6. This comes after the company posted a net loss pf Rs 50.4 crore for the second quarter of the financial year 2026, as against a net profit of Rs 10.2 crore reported in the corresponding quarter of the previous financial year.

Excluding the impact from Ecom Express integration costs, the firm’s profit after tax during the quarter stood at Rs 59 crore in Q2 FY26, as against Rs 10 crore in Q2 FY25, it said.

While the firm slipped into the red with a net loss, its revenue from operations rose around 17 percent year-on-year (YoY) to Rs 2,559.3 crore during the quarter under review.

JM Financial downgrades stock:

JM Financial noted that the lower-than-estimated results were caused by back-ended demand due to delayed purchases in the quarter before the GST cuts took place. &quot;PTL segment also missed revenue estimates with 15.2% YoY growth but management remains confident of delivering c.20% growth for FY26. TL, SCS and Cross-border segments also remained weak. Management noted that service EBITDA guidance for FY26 still remains on track, while one-time integration costs are likely to be significantly lower than earlier anticipated,&quot; it said.

While the domestic brokerage remains positive on Delhivery's positioning and expect a strong recovery in Q3, it lowered its estimates to align with the current trajectory, JM Financial said.

Jefferies said that EBITDA was below estimates due to weak Express parcel and part truck load margins. It added that Express Parcel organic volume growth was weak.

Delhivery share price:

Delhivery shares remained locked in the lower circuit at Rs 436.40 apiece. The stock has fallen more than 9 percent in the past five days, but gained nearly 44 percent in the past six months. The stock is up over 25 percent in 2025 so far.

Its P/E ratio currently stands at around 183.

Also read: Our LIVE blog on stock market updates

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

Online Services Industry Stocks
Check latest stock performance, list of stocks, earnings review & more details about the Online Services industry stocks.

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Earnings Review-Q2 FY25-26

Stock News

Piramal Finance shares list at 12% premium at Rs 1,260 after merger with Piramal Enterprises

Stocks to Watch Today: Bharti Airtel, Lupin, TVS Motor, RVNL, Apollo Hospitals, Studds Accessories, GMM Pfaudler, Cummins, Amber Enterprises, Genus Power in focus on 07 November

M&M exits RBL Bank for Rs 678 crore, Tiger Global sells entire stake in Ather Energy

Q2 Results impact: Redington shares surge 15% after net profit jumps 32% to Rs 388 crore, Indian Hotels down 6%

Delhivery shares plunge 10% after firm posts Rs 50 crore net loss in Q2, JM Financial downgrades stock to 'Add'

Online Services Industry StocksCheck latest stock performance, list of stocks, earnings review & more details about the Online Services industry stocks.

Gainers/Losers

Industry Market Map

Earnings Review-Q2 FY25-26

Stock News

Piramal Finance shares list at 12% premium at Rs 1,260 after merger with Piramal Enterprises

Stocks to Watch Today: Bharti Airtel, Lupin, TVS Motor, RVNL, Apollo Hospitals, Studds Accessories, GMM Pfaudler, Cummins, Amber Enterprises, Genus Power in focus on 07 November

M&amp;M exits RBL Bank for Rs 678 crore, Tiger Global sells entire stake in Ather Energy

Q2 Results impact: Redington shares surge 15% after net profit jumps 32% to Rs 388 crore, Indian Hotels down 6%

Delhivery shares plunge 10% after firm posts Rs 50 crore net loss in Q2, JM Financial downgrades stock to 'Add'

Online Services Industry Stocks
Check latest stock performance, list of stocks, earnings review & more details about the Online Services industry stocks.

M&M exits RBL Bank for Rs 678 crore, Tiger Global sells entire stake in Ather Energy