PRE-MARKET INDIAN STOCK NEWS: Stocks closed lower in the ceremonial hour trade on Sunday
Newsquawk Staff ·
Aarti Drugs (ARTD IS) - Co. subsidiary Pinnacle Life Science received three Form 483 observations from the US FDA following an inspection of its formulations manufacturing facility in Baddi, Himachal Pradesh, conducted between November 2-6, 2026. (Economic Times)
Adani Enterprises (ADE IS) - JV AdaniConneX has completed the acquisition of a 100% stake in Vizag Mega Data Center Park Limited. (Economic Times)
Bharat Heavy Electricals (BHEL IS) - Co. secures an INR 6-9bln order from Power Grid Corporation of India for the design, engineering, manufacturing, supply, installation, testing and commissioning of two synchronous condenser units at the Barmer-II HVDC Terminal Station in Rajasthan. (Economic Times)
Blue Dart Express (BDE IS) - Co. Q2 FY27 (INR) net profit rose 28.4% Y/Y to 1.04bln and revenue rose 14.5% Y/Y to 17.74bln. (Economic Times)
Divi's Laboratories (DIVI IS) - Co. Q2 FY27 (INR) net profit rose 63.6% Y/Y to 11.27bln and revenue rose 35.4% Y/Y to 36.76bln. (Economic Times)
Finolex Cables (FNXC IS) - Co. Q2 FY27 (INR) net profit rose 67.5% Y/Y to 2.73bln, EBITDA rose 113% Y/Y to 3.11bln and revenue rose 65% Y/Y to 22.69bln, driven by higher volumes across its electrical and communication cables businesses. (Economic Times)
Insecticides (India) (INST IS) - Co. Q2 FY27 (INR) net profit fell 5.1% Y/Y to 560mln, EBITDA rose 4.5% Y/Y to 930mln and revenue rose 7.5% Y/Y to 6.86bln. (Economic Times)
Indian markets - The NSE Nifty 50 fell 0.2% in the ceremonial session to mark Diwali, in which one hour of trading occurred on the Sunday, known as Muhurat trading.
Kirloskar Oil Engines (KOEL IS) - Co.-backed NBFC Arka Fincap signs definitive agreements with TPG's The Rise Funds for an investment of up to INR 8bln across two tranches, aimed at accelerating growth and expanding its secured retail lending business. (Economic Times)
Mahindra & Mahindra (MM IS) - Co. approves investment of up to INR 14.5bln in the proposed rights issue of subsidiary SML Mahindra, comprising c. INR 8.55bln for its full rights entitlement and up to INR 5.95bln for additional shares or any unsubscribed portion of the issue. (Economic Times)
Marico (MRCO IS) - Co. enters definitive agreements to acquire a 51% stake in Bonorizon Consumer Ventures for up to INR 350mln through a primary subscription to equity shares, subject to agreed terms and conditions. (Economic Times)
Siemens (SIEMENS IS) - Co. Q4 FY26 (INR) net profit rose 3.9% Y/Y to 5.04bln, EBITDA rose 2.8% Y/Y to 6.26bln and revenue rose 17% Y/Y to 57.34bln. EBITDA margin contracted to 10.9% (prev. 12.4% Y/Y). (Economic Times)
Tata Steel (TATA IS) - Co. Q2 FY27 (INR) net profit rose 16.2% Y/Y to 37.00bln and revenue rose 11.5% Y/Y to 654.36bln. (Economic Times)
Voltas (VOLT IS) - Co. Q2 FY27 (INR) net profit rose 53.4% Y/Y to 526mln and revenue rose 15.3% Y/Y to 27.07bln. (Economic Times)
Waaree Renewable Technologies (WAAREE IS) - Co. secures an EPC order for a 285MWp solar power project from a leading independent power producer in India, with completion scheduled for FY28. (Economic Times)
Websol Energy System (WESL IS) - Co. Q2 FY27 (INR) net profit rose 73.2% Y/Y to 802.1mln and revenue rose 114.6% Y/Y to 3.61bln. (Economic Times)
Wipro (WPRO IS) - Co. appoints Angan Guha as President and CEO of its Americas 2 Strategic Market Unit, effective December 8, 2026, reporting to CEO Srini Pallia and joining the Executive Leadership Team. (Economic Times)
Zydus Lifesciences (ZYDUSLIF IS) - Co. subsidiary Zydus Therapeutics reports positive Phase 2b trial results for investigational drug saroglitazar, demonstrating higher rates of steatohepatitis resolution without worsening liver fibrosis versus placebo in adults with metabolic dysfunction-associated steatohepatitis (MASH). (Economic Times)
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- Newsquawk Daily European Equity Opening News - 12th November 2026
- [MARKET ANALYSIS] Asia-Pac stocks are somewhat mixed amid a fallout from NVIDIA CEO's extramarital affairs
- [MARKET UPDATE] Asia-Pac stocks begin mixed following the continued tech rebound during Wall St trade and the after-hours fallout from a report regarding NVIDIA CEO's affair with a Co. executive, with the board said to be preparing to oust him
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