Stocks in news: M&M, BHEL, Adani Enterprises, Wipro, Tata Steel, Siemens and Divi's Labs

Indian equity markets ended marginally lower during Sunday's special Muhurat Trading session, snapping a seven-session winning streak that had driven the strongest weekly rally since February 2021.

The NSE Nifty 50 declined 44 points, or 0.18%, to settle at 24,986. From a technical perspective, immediate resistance for the index is placed in the 25,150–25,200 range, followed by the 25,500 mark, which has a significant concentration of Call Open Interest (OI), according to Ponmudi R, CEO of Enrich Money.

Against this backdrop, several stocks, including Mahindra & Mahindra, Bharat Heavy Electricals (BHEL), Adani Enterprises, Wipro, Tata Steel, Siemens and Divi's Laboratories, are likely to remain in focus on Monday, November 9 as investors will track September-quarter earnings, sales updates, order wins, acquisitions, fundraising announcements and other corporate developments.

Adani Enterprises

Adani Enterprises announced that its joint venture, AdaniConneX Private Limited (ACX), has completed the acquisition of a 100% stake in Vizag Mega Data Center Park Limited (VMDCPL). ACX, a joint venture of Adani Enterprises and Vizag Mega Data Center Park Limited, had entered into a share purchase agreement with Adani Infra (India) Limited for the acquisition. Following the completion of the transaction in accordance with the agreement, VMDCPL has become a joint venture of the company.

Wipro

The IT major has appointed Angan Guha as President and Chief Executive Officer of its Americas 2 Strategic Market Unit, effective December 8, 2026. Guha will report to Wipro CEO and Managing Director Srini Pallia and will be part of the company's Executive Leadership Team.

Tata Steel

Tata Group company Tata Steel reported a 16.2% year-on-year (YoY) increase in consolidated profit after tax (PAT) to Rs 3,699.59 crore in Q2FY27, compared with Rs 3,183.09 crore in the corresponding quarter of the previous fiscal. Consolidated revenue from operations increased 11.5% YoY to Rs 65,436.24 crore during the September quarter, against Rs 58,689.29 crore reported in the year-ago period.

Siemens

Siemens reported a 3.9% YoY increase in net profit to Rs 504 crore for the July-September 2026 quarter, compared with Rs 485 crore in the corresponding period last year. Revenue increased 17% to Rs 5,734 crore from Rs 4,900 crore in the year-ago quarter. EBITDA rose 2.8% YoY to Rs 626 crore from Rs 609 crore. However, the EBITDA margin contracted to 10.9% from 12.4% in the corresponding quarter last year.

Websol Energy System

The company reported a 73.2% YoY increase in profit after tax to Rs 80.21 crore in Q2FY27, compared with Rs 46.32 crore in the corresponding quarter of the previous fiscal. Revenue from operations more than doubled, rising 114.6% YoY to Rs 361.02 crore from Rs 168.22 crore in Q2FY26, according to its exchange filing.

Voltas

Voltas company reported a 53.4% YoY increase in net profit to Rs 52.6 crore in Q2FY27, compared with Rs 34.3 crore in the corresponding quarter last year. Revenue increased 15.3% to Rs 2,707 crore from Rs 2,347 crore in the year-ago period.

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Divi's Laboratories

The pharmaceutical company reported a 63.6% YoY increase in consolidated profit after tax to Rs 1,127 crore for Q2FY27, compared with Rs 689 crore in the corresponding quarter of the previous fiscal. Revenue from operations rose 35.4% YoY to Rs 3,676 crore from Rs 2,715 crore in the year-ago period.

Mahindra & Mahindra

M&M has approved an investment of up to Rs 1,450 crore in the proposed rights issue of its listed subsidiary, SML Mahindra. The investment will include a subscription of approximately Rs 855 crore towards the company's full rights entitlement, along with an additional investment of up to Rs 595 crore towards further equity shares or any portion of the issue that remains unsubscribed.

Bharat Heavy Electricals (BHEL)

BHEL has secured an order worth Rs 600 crore to Rs 900 crore from Power Grid Corporation of India for installing synchronous condensers at the Barmer-II HVDC Terminal Station in Rajasthan. Under the contract, BHEL will undertake the design, engineering, manufacturing, supply, erection, testing and commissioning of two synchronous condenser units at the facility.

Marico

FMCG major Marico has entered into definitive agreements with the founders of Bonorizon Consumer Ventures Private Limited to acquire a 51% stake in the company for an aggregate consideration of up to Rs 35 crore. The acquisition will be carried out through a primary subscription to Bonorizon's equity share capital and voting rights, subject to the terms and conditions of the definitive agreements.

Blue Dart Express

The company reported a 28.4% YoY increase in net profit to Rs 104 crore, compared with Rs 81 crore in the corresponding quarter last year. Revenue from operations increased 14.5% to Rs 1,774 crore in Q2 from Rs 1,549 crore a year earlier.

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Finolex Cables

The company reported a 67.5% YoY increase in net profit to Rs 273 crore for Q2FY27, compared with Rs 163 crore in the corresponding quarter last year. Revenue rose 65% to Rs 2,269 crore from Rs 1,376 crore in the year-ago period. EBITDA more than doubled, increasing 113% to Rs 311 crore from Rs 146 crore. The company attributed the revenue growth to higher volumes across its electrical and communication cables businesses.

Waaree Renewable Technologies

Waaree Renewable Technologies has secured a work order for a 285 MWp solar power project from a leading independent power producer (IPP). The domestic commercial order involves EPC work for the solar project, which is scheduled for completion during FY28.

Insecticides (India)

The company reported a 5.1% YoY decline in consolidated net profit to Rs 56 crore for Q2FY27, compared with Rs 59 crore in the corresponding quarter last year. Revenue from operations increased 7.5% to Rs 686 crore from Rs 638 crore, while EBITDA rose 4.5% to Rs 93 crore from Rs 89 crore.

Aarti Drugs

The company's subsidiary, Pinnacle Life Science Private Limited, received three inspectional observations in Form 483 from the United States Food and Drug Administration (US FDA). The observations followed an inspection of its formulations manufacturing facility in Baddi, Himachal Pradesh, conducted between November 2 and November 6, 2026.

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Zydus Lifesciences

The pharmaceutical company's wholly owned subsidiary, Zydus Therapeutics, announced results from a Phase 2b clinical trial of its investigational drug saroglitazar. The trial showed higher rates of steatohepatitis resolution without worsening of liver fibrosis among adults with metabolic dysfunction-associated steatohepatitis (MASH), compared with placebo.

Kirloskar Oil Engines

Arka Fincap, backed by Kirloskar Oil Engines, has signed definitive agreements with TPG's The Rise Funds for an investment of up to Rs 800 crore across two tranches. The investment is aimed at accelerating the non-banking financial company's growth and expanding its secured retail lending business.

Q2 results

Whirlpool of India, Olectra Greentech, R M Drip Sprinklers Systems, Nicco Park and Resorts, Medico Remedies, Barflex Polyfilms, Richa Info Systems, Thrive Future Habitats, HB Portfolio, SVP Global Textiles, Krypton Industries, Gulf Lloyds India and Manraj Housing Finance.

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