Stocks in news: Tata Power, Cupid, Garden Reach, ITC, Aurobindo Pharma and Vodafone Idea

Indian benchmark indices extended their winning streak to a ninth consecutive regular trading session on Wednesday, excluding the Muhurat trading session, which ended marginally lower. The Nifty 50 gained 210.40 points, or 0.84%, to close at 25,255.

From a technical perspective, the 25,500 level is expected to act as an immediate resistance for the Nifty, said Vatsal Bhuva, Technical Analyst at LKP Securities. However, the broader trend remains positive, and investors should continue to adopt a buy-on-dips approach, he said.

Against this backdrop, several stocks, including life insurance companies, Tata Power, Cupid, Garden Reach Shipbuilders, ITC, Aurobindo Pharma and Vodafone Idea, are likely to remain in focus on Thursday, November 12, as investors track quarterly earnings, corporate announcements and other developments.

Life insurance stocks

Life insurance stocks are likely to remain in focus after October business updates showed healthy premium growth. HDFC Life reported a 17.8% year-on-year (YoY) increase in total premium and 16.3% growth in total annualised premium equivalent (APE), while individual APE rose 16%.

LIC reported 31.3% growth in total premium and 19.5% growth in total APE. SBI Life posted 11.6% growth in total premium, but individual APE declined 0.9%.

Meanwhile, Go Digit General Insurance reported a 39.2% increase in total premium to Rs 168 crore from Rs 120 crore. Total APE rose 33.6% to Rs 70 crore from Rs 52 crore, while individual APE declined 77.5% to Rs 4 crore from Rs 16 crore.

Tata Power

Tata Power, the Tata Group's integrated power company, reported its highest-ever quarterly profit after tax (PAT) of Rs 1,652 crore in Q2 FY27, marking a 33% YoY increase from Rs 1,245 crore in the corresponding quarter last year. Revenue rose 26% to Rs 19,886 crore from Rs 15,769 crore in Q2 FY26.

Cupid

Cupid reported more than a twofold increase in consolidated net profit to Rs 56.2 crore in Q2 FY27, compared with Rs 24.1 crore in the year-ago period. Revenue from operations rose to Rs 188 crore from Rs 84.4 crore in the corresponding quarter last year.

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Triveni Turbine

Triveni Turbine reported a 41.6% YoY decline in net profit to Rs 53.3 crore in Q2 FY27, compared with Rs 91.2 crore a year ago.

Revenue declined 3% to Rs 491 crore from Rs 506 crore, while EBITDA fell 43.9% to Rs 64 crore from Rs 114 crore.

Garden Reach Shipbuilders

Garden Reach Shipbuilders & Engineers (GRSE) reported a 12% YoY increase in net profit to Rs 171.97 crore for the July-September quarter of FY27, compared with Rs 153.79 crore in the corresponding quarter of the previous financial year.

Mishra Dhatu Nigam

Mishra Dhatu Nigam reported more than a twofold increase in net profit to Rs 28 crore in Q2 FY27, compared with Rs 13 crore in the year-ago period.

Revenue grew 41.1% YoY to Rs 296 crore from Rs 210 crore, while EBITDA increased 51.6% to Rs 50 crore from Rs 33 crore.

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Aurobindo Pharma

The US Food and Drug Administration (US FDA) classified the inspection at Aurobindo Pharma's Lannett facility as Official Action Indicated (OAI).

The US FDA issued four observations after conducting an inspection at the facility between August 17 and August 21, 2026.

ITC

ITC has increased the price of its Gold Flake RSFT (69 mm) cigarette pack by Rs 10, taking the price from Rs 125 to Rs 135 per pack. The company had previously increased the price of the pack from Rs 95 to Rs 125 in February 2026.

Bajaj Finance

Bajaj Finance announced the opening of its qualified institutional placement (QIP) of equity shares on Wednesday, with the floor price set at Rs 992.25 per share.

In an exchange filing, the NBFC said its QIP committee approved the opening of the issue on November 11, along with the preliminary placement document and application forms for eligible qualified institutional buyers.

The committee also fixed November 11 as the relevant date for determining the floor price under Sebi's pricing regulations.

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Q2 results today

Hindustan Aeronautics, Vodafone Idea, Hitachi Energy India, Oil India, Alkem Laboratories, NMDC, Rail Vikas Nigam, Page Industries, Bharat Dynamics, IRCTC, Manappuram Finance, Procter & Gamble Hygiene and Health Care, Amber Enterprises India, TD Power Systems, EIH, Caplin Point Laboratories, IFCI, Ola Electric Mobility, Astra Microwave Products, Travel Food Services, NAVA, Action Construction Equipment, Avalon Technologies, Bonfiglioli Transmissions, Manorama Industries, NMDC Steel, Techno Electric & Engineering Company, Reliance Power, Religare Enterprises and Kennametal India.

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