Category: Corporate

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Corporate

Sensex volatile, Nifty steady above 25,850

Indian equities opened on a weak note Thursday, with the Sensex swinging between gains and losses and the Nifty holding firm above 25,850. Investors turned cautious ahead of updates on the India-U.S. trade deal, while IT and financial stocks weighed on sentiment.

Markets paused after a three-day rally as traders booked profits in select heavyweights. However, buying in FMCG and pharma counters helped offset some of the pressure.

Among key movers, Honasa Consumer surged 7%, Lupin gained over 4%, and Asian Paints rose nearly 3%. On the downside, Tata Motors Commercial Vehicles (TMCV) dropped about 3%, while Tech Mahindra, Axis Bank, and Infosys also traded lower.

Broader indices showed a mixed trend, with mid- and small-cap stocks holding relatively steady amid cautious global cues.

Also Read: Sensex jumps 595 pts, Nifty crosses 25,850

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Corporate

Tata Motors commercial-vehicle unit debuts 28% higher

Tata Motors’ newly separated commercial-vehicles business made a strong market debut. The stock opened at around ₹335 per share, about 28% higher than its pre-listing implied value of ₹261. It later climbed to roughly ₹345, signaling strong investor interest.

The de-merger separates the passenger-vehicle and electric-vehicle business from the commercial-vehicle arm, allowing each to be valued independently. The commercial-vehicle business reported revenue of about ₹75,055 crore and an EBITDA of ₹8,856 crore, with margins around 11.8%.

The sector is supported by improving freight activity, infrastructure development, easing commodity costs, and a reduction in GST from 28% to 18%. Analysts estimate the unit’s fair value at about ₹310–₹320 per share.

Tata Motors is also planning to acquire Iveco’s commercial-vehicle operations, which could strengthen its global presence in medium and heavy vehicles, although benefits may take time to materialize.

Investors are advised to note that the commercial-vehicle sector is cyclical, and margins can fluctuate depending on economic conditions and demand. While the listing was strong, medium-term investors are likely to benefit most from the stock’s focused play on the commercial-vehicle market.

Also Read: Adani Enterprises raises ₹25,000 crore via rights issue

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Corporate

Sensex jumps 595 pts, Nifty crosses 25,850

The BSE Sensex surged 595 points on Wednesday, while the Nifty 50 crossed the 25,850 mark, marking a strong day for Indian equity markets. Investor sentiment was boosted by optimism over progress in US-India trade talks and expectations that the US government shutdown would soon end.

Asian Paints was the top performer, rising over 7% following a strong Q2 profit report and the announcement of an interim dividend of ₹4.50 per share. Tech Mahindra gained around 3%, supported by positive trends in the IT sector.

Most sectoral indices closed higher, with IT and midcap stocks leading the rally. Small caps were slightly muted, while the FMCG index was among the few laggards. Globally, Asian markets advanced, aided by easing risk sentiment and signs of a cooling U.S. labour market, which strengthened investor confidence.

Also Read: Sensex opens 500 pts higher, Nifty above 25,800

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Corporate

Adani Enterprises raises ₹25,000 crore via rights issue

Adani Enterprises (AEL) has announced a ₹25,000 crore rights issue, opening on 17 November 2025 for existing shareholders. The issue is priced at ₹1,800 per share, at a significant discount to the market price.

The capital raised will be used to convert shareholder loans into equity and fund growth across airports, roads, petrochemicals, metals, and new-energy ventures. In FY26, the company expects total capital expenditure to reach around ₹36,000 crore, with major allocations for airports (₹10,500 crore), roads (₹6,000 crore), new-energy businesses (₹5,500 crore), petrochemicals and materials (₹9,000 crore), and metals & mining (₹3,500 crore).

Adani Airports plans to start commercial operations of Phase‑1 of Navi Mumbai Airport this quarter and a new terminal in Guwahati later in the year. Additionally, the company is developing city-side infrastructure near Mumbai/Navi Mumbai airports, targeting revenue from FY30.

This is AEL’s largest equity raise to date, signaling renewed shareholder confidence after a previously withdrawn ₹20,000 crore follow-on public offer in 2023. The move is part of a broader strategy to strengthen the balance sheet and support the next phase of the company’s ambitious growth plans.

Also Read: Adani Cement to launch first carbon-free heater

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Corporate

Adani Cement to launch first carbon-free heater

Adani Cement has teamed up with Finnish company Coolbrook to install the world’s first commercial RotoDynamic Heater™ (RDH™) at its Boyareddypalli plant in Andhra Pradesh. This technology will make cement production cleaner by using high-temperature heat powered entirely by renewable energy.

The RDH™ will replace fossil fuels in the cement-making process, especially during the calcination stage, which normally produces the most carbon emissions. It will also help dry and improve alternative fuels, allowing the plant to use more sustainable materials.

The system is expected to cut around 60,000 tonnes of CO₂ each year, with the potential to increase this ten times. Adani Cement aims to use 30% alternative fuels and 60% green power by FY28.

The companies plan to expand this technology to other plants, with at least five more projects over the next two years. This move strengthens Adani Cement’s goal to achieve net-zero emissions by 2050.

Also Read: Adani Ports becomes first Indian transport firm to join TNFD

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Corporate

Adani Ports becomes first Indian transport firm to join TNFD

Adani Ports and Special Economic Zone Ltd (APSEZ) has joined the Taskforce on Nature-related Financial Disclosures (TNFD) as an adopter, committing to begin nature-related risk and impact disclosures from FY26.

With this move, APSEZ, which is India’s largest integrated transport utility, has become the first Indian integrated transport utility to embrace the TNFD framework.

TNFD is an initiative backed by the United Nations Environment Programme Finance Initiative (UNEP FI), UNDP, WWF and Global Canopy. It is aimed at helping companies identify, manage and disclose nature-related dependencies, risks and opportunities.

The company said it will align its future corporate reporting with TNFD recommendations as part of its broader ESG strategy. The initiative builds on APSEZ’s existing environmental practices, including climate-risk assessments and large-scale mangrove restoration. The firm has afforested over 4,200 hectares and is conserving an additional 3,000 hectares, making it India’s largest private-sector contributor to mangrove ecosystem restoration.

“As we advance towards COP30, we firmly believe that responsible business practices drive long-term success. Our adoption of the TNFD framework reflects our commitment to integrate nature into corporate decision-making and to enhance our contribution to biodiversity conservation,” said Ashwani Gupta, Whole-Time Director & CEO of APSEZ.

APSEZ joins a small global league of port operators prioritising biodiversity and marine ecosystem protection. The company said adopting the TNFD framework would strengthen its position as a sustainability leader in maritime logistics.

APSEZ, part of the Adani Group, operates 15 ports and terminals across India, handling about 28% of the country’s total port volumes. It plans to expand its cargo handling capacity from the current 633 million tonnes per annum to 1 billion tonnes by 2030.

According to TNFD’s official announcement, APSEZ is among the latest adopters committing to science-based, transparent nature-related reporting.

Also Read: India supports Bhutan’s Gelephu City, provides ₹4,000 cr for hydropower

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Corporate

India supports Bhutan’s Gelephu City, provides ₹4,000 cr for hydropower

India has extended its support to Bhutan’s Gelephu Mindfulness City project, a sustainable urban development in southern Bhutan aimed at promoting trade, tourism, and regional connectivity.

Prime Minister Narendra Modi announced plans to link Gelephu and Samtse with India’s rail network. Two cross‑border rail lines are proposed: a 69 km route from Kokrajhar (Assam) to Gelephu, and a 20 km route from Banarhat (West Bengal) to Samtse, with a total cost of ₹4,033 crore. An immigration checkpoint near Gelephu will also be set up to ease travel and trade.

On the energy front, India offered Bhutan a ₹4,000 crore line of credit for hydropower and renewable energy projects, including the 1,020 MW Punatsangchu‑II Hydroelectric Project. Bhutan currently produces all its electricity from renewable sources.

These initiatives reflect India’s efforts to deepen economic, infrastructural, and energy cooperation with Bhutan.

Also Read: India-US trade deal nears completion

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Corporate

Groww IPO lists at 12% premium

Groww, the online investment platform, made a strong debut on the stock market on Tuesday. Its shares, priced at ₹100 in the IPO, opened at ₹112 on the NSE and ₹114 on the BSE,  a 12–14% gain on listing day. The IPO was heavily oversubscribed, with total demand about 17.6 times the shares on offer. Retail investors alone bid nearly 9.4 times.

In the grey market before listing, Groww’s shares were trading at a small premium of ₹3, down from earlier higher expectations.

The company has been growing rapidly, with active users rising sharply and affluent clients expanding at a faster pace. Groww’s cost to acquire customers remains relatively low compared to peers, supporting healthy margins.

However, experts caution that the stock is trading at a high valuation which is roughly 33–40 times projected FY25 earnings. Some analysts suggest holding IPO allotments for 2–3 years to realize potential gains rather than expecting quick profits.

Groww is expanding into lending, insurance distribution, and wealth management, but these newer segments are yet to scale significantly. Investors are also reminded of risks such as regulatory changes and dependence on financial markets.

For now, Groww’s listing reflects strong investor interest, but experts advise weighing growth potential against the high valuation before making investment decisions.

Also Read: 600 quit Paramount Skydance over office return

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Corporate

Sensex opens 500 pts higher, Nifty above 25,800

Indian benchmark indices extended gains on Wednesday amid optimism over a possible trade deal with Washington and the reopening of the US government. Investor confidence also strengthened after Bihar exit polls indicated a likely win for the incumbent NDA alliance, boosting hopes of political stability.

The BSE Sensex climbed nearly 500 points in early trade, while the NSE Nifty 50 crossed the 25,800 mark. Tech Mahindra led the rally among blue-chip stocks, followed by TCS, Bharti Airtel, Eternal, and Infosys, driving the Nifty IT index higher. The tech uptrend was further supported by U.S. President Donald Trump’s comment that the country needed more skilled foreign workers, easing concerns over visa restrictions.

Meanwhile, mild profit-booking was seen in auto and defence counters such as Maruti Suzuki and Bharat Electronics Ltd (BEL). Analysts said firm global cues, upbeat political signals, and strong performance by IT majors kept market sentiment buoyant in early trade.

Also Read: Sensex up 336 points, Nifty above 25,700, BEL, Adani Ports gain

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Corporate

Bajaj Finserv Q2 earnings grow 7.5%

Bajaj Finserv reported a consolidated net profit of ₹2,244 crore for the quarter ended September 30, 2025, up 7.5% from ₹2,087 crore in the same period last year. Revenue from operations rose 11% to ₹37,403 crore, compared with ₹33,704 crore a year ago.

Despite growth, the company’s shares fell 6–8%, as quarterly profit declined from ₹2,789 crore in Q1 FY26.

Among its subsidiaries, Bajaj Finance posted a net profit of ₹4,875 crore, up 22% year-on-year. Bajaj General Insurance reported a net profit of ₹517 crore with gross written premiums of ₹6,413 crore, while Bajaj Life Insurance saw new business premiums rise 25% to ₹4,012 crore, though net profit fell to ₹13 crore due to tax adjustments.

The company’s net worth climbed 12% to ₹76,490 crore.

Also Read: Bajaj Finance Q2 profit up 22%