Category: Corporate

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Corporate

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

Indian stock markets ended higher on Tuesday, 11 November 2025. The Sensex gained 336 points to close at 83,871, and the Nifty 50 rose 121 points to finish at 25,695.

Bharat Electronics (BEL) and Adani Ports were top gainers, both up around 2%. IT and auto stocks also rose, helping the market recover from early losses.

However, financial stocks struggled. Bajaj Finance dropped about 7% after lowering its growth forecast due to rising bad loans.

Mid‑cap stocks rose 0.5%, while small‑caps fell 0.2%. The rupee strengthened slightly, ending at ₹88.56 per US dollar.

Analysts said the Nifty is likely to stay strong above 25,600, with potential upside near 26,000. Markets remain cautious, balancing global trade optimism with domestic financial challenges.

Also Read: Sensex dips by 200 pts, Nifty below 25,550, Bajaj twins tumble 6%

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Corporate

Novo Nordisk, Emcure launch weight‑loss drug in India

Danish pharma company Novo Nordisk has partnered with India’s Emcure Pharmaceuticals to launch a new weight‑loss drug in the country. The medicine will be marketed under the brand name Poviztra.

Emcure will handle marketing and distribution in India, leveraging its network to reach more patients. The drug is a 2.4 mg semaglutide injection, similar to Novo Nordisk’s global weight‑loss brand Wegovy.

Poviztra is intended for adults with a BMI of 30 or higher, or a BMI of 27 and above with at least one weight‑related health condition, such as diabetes or high blood pressure. It is administered once a week using a pen device available in multiple doses, up to 2.4 mg. The drug also helps reduce the risk of serious heart problems in overweight adults with heart disease.

India’s weight‑loss drug market is growing fast. Eli Lilly’s Mounjaro, launched earlier this year, has already gained strong sales, showing rising demand for effective obesity treatments.

Satish Mehta, CEO of Emcure, expressed pride in introducing a widely recognized weight‑loss therapy to the Indian market, while Jay Thyagarajan, Novo Nordisk’s Asia‑Pacific VP, highlighted that the partnership aims to make obesity treatments more widely available across the country.

Obesity is a major health concern in India, affecting millions and contributing to over 230 related health problems, including heart disease, fatty liver, joint issues, and kidney disease. Experts say it is a long-term condition influenced by genetics, lifestyle, and environment.

Pricing and availability of Poviztra in India are yet to be announced.

Also Read: PhysicsWallah IPO opens at ₹103‑109, weak initial demand

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Corporate

PhysicsWallah IPO opens at ₹103‑109, weak initial demand

PhysicsWallah Ltd, the Indian ed‑tech firm, opened its ₹3,480 crore IPO on 11 November 2025, with shares priced in the ₹103‑109 band. The IPO will close on 13 November, and listing on the NSE and BSE is expected on 18 November.

Ahead of the public issue, 57 anchor investors, including Goldman Sachs and Fidelity, subscribed for roughly ₹1,563 crore, showing institutional confidence.

However, early subscription from retail and non-institutional investors remained weak, with overall subscription around 4 % on Day 1. The grey market premium is reported at ₹2‑3 per share, suggesting limited short-term listing gains.

PhysicsWallah offers online and offline courses for exams like JEE and NEET. Revenue has grown rapidly, though the company remains loss-making. Proceeds from the IPO will fund expansion of learning centres, technology upgrades, marketing, acquisitions, and general corporate purposes.

Analysts note the company has a strong growth story and a promising hybrid model but warn of high valuation and execution risks, including operational issues at some centres.

Investors are advised to view the IPO as a long-term play rather than a quick listing gain.

Also Read: Adani Group enters battery storage with India’s largest project

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Corporate

Tata Motors’ truck and bus arm to list on Nov. 12

Tata Motors will list its commercial vehicle division on the stock market on November 12, 2025, completing its long-awaited restructuring. The move separates the company into two independent listed entities, Tata Motors Passenger Vehicles Ltd (TMPV), which includes its cars, electric vehicles, and Jaguar Land Rover business, and Tata Motors Commercial Vehicles Ltd (TMCV), which will handle trucks, buses, and light commercial vehicles.

The newly listed TMCV shares will trade on both the NSE and BSE under the symbol TMCV, with around 368 crore shares (face value ₹2 each) being admitted for trading. For the first ten trading sessions, the shares will be part of a trade-for-trade segment, meaning investors will have to take delivery of shares and can’t buy and sell them on the same day.

Shareholders of Tata Motors as of October 14, 2025, will automatically receive one TMCV share for every Tata Motors share they held. The demerger had received final approval from the National Company Law Tribunal (NCLT) earlier this year.

Tata Motors’ passenger vehicle arm was listed in October and opened around ₹400 per share. Analysts expect the new commercial vehicle stock to debut between ₹260 and ₹270 per share, based on Tata Motors’ pre-demerger value.

With this demerger, Tata Motors aims to give each business sharper focus and independent growth strategies, one leading India’s electric mobility and passenger car innovation, and the other strengthening its leadership in trucks and buses. The separation also helps investors value each segment more clearly, marking a major milestone in the automaker’s transformation journey.

Also Read: Adani Group enters battery storage with India’s largest project

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Corporate

Adani Group enters battery storage with India’s largest project

The Adani Group has announced its entry into the Battery Energy Storage Systems (BESS) sector with a major project at Khavda, Gujarat. The new system will have a capacity of 1,126 MW and can store 3,530 MWh of power, making it India’s largest battery energy storage project and one of the biggest in the world. It is expected to be ready by March 2026.

The project will use more than 700 large battery containers to store solar energy, which can then be supplied when demand is high or sunlight is low. This will help keep the power supply steady, reduce pressure on the grid, and make better use of renewable energy.

Located at the world’s largest renewable energy park in Khavda, the system will use advanced lithium-ion batteries and smart energy management technology to improve efficiency and reliability.

Gautam Adani, Chairman of the Adani Group, said, “Energy storage is the cornerstone of a renewable-powered future. With this project, we aim to make clean, reliable, and affordable energy available at scale while supporting India’s goal of energy independence.”

After this project, the Group plans to add 15 GWh of battery storage by 2027 and reach 50 GWh within five years, a step toward building a strong and sustainable energy future for India.

Also Read: Goldman Sachs turns bullish on India

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Corporate

Goldman Sachs turns bullish on India

Goldman Sachs has upgraded its view on Indian stocks from ‘neutral to overweight’, saying India’s growth story remains strong and that the Nifty 50 index could climb to 29,000 by the end of 2026 which is about 14% higher than current levels.

The global investment bank said India’s economy and corporate earnings are gaining momentum after years of slowdowns. It believes this trend will continue, supported by government reforms, lower interest rates, and healthy consumer demand.

According to Goldman, India’s policy environment is turning more supportive, with the Reserve Bank easing liquidity, tax reforms showing results, and fiscal discipline improving.

It also noted that domestic investors are driving the market, even as foreign investors have sold heavily this year. So far in 2025, foreign funds have pulled out nearly $17 billion, but local investors have pumped in around $70 billion, showing growing confidence in Indian companies.

Goldman Sachs expects the rally to be led by banks, consumer goods, automobiles, defence, and telecom stocks, while sectors like IT, pharma, and industrials may see slower growth.

The firm added that India’s stock valuations, though higher than other emerging markets, now look more reasonable given its growth prospects.

Also Read: Britannia CEO Varun Berry resigns after 13 years

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Corporate

Sensex dips by 200 pts, Nifty below 25,550, Bajaj twins tumble 6%

Indian stocks opened lower on Tuesday as selling in financials dragged the market after October’s strong rally. The Sensex fell over 200 points, and the Nifty slipped below 25,550 amid high volatility ahead of the weekly expiry.

Bajaj Finance tumbled nearly 7% after trimming its FY26 growth forecast and reporting higher NPAs, while Bajaj Finserv lost over 6%. HDFC Bank and ICICI Bank also declined, pulling the financial index down nearly 1%.

On the upside, Mahindra & Mahindra, ONGC, and Tata Steel gained up to 1%, offering some support. Broader markets also traded slightly lower, with analysts expecting range-bound movement through the week.

Also Read: Sensex jumps 319 pts, Nifty above 25,550

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Sensex jumps 319 pts, Nifty above 25,550

The Indian stock market rebounded on Monday, with the Sensex rising 319 points to 83,535 and the Nifty 50 closing at 25,574, holding above the key 25,550 level. Gains were driven by global optimism over a potential end to the U.S. government shutdown and positive corporate earnings.

Top gainers included HCL Technologies, Bajaj Finance, Infosys, Asian Paints, and Reliance Industries. Among top losers were Trent, Apollo Hospitals, Max Healthcare, Maruti Suzuki, and Dr Reddy’s Laboratories.

The IT and financial sectors led the rally, while healthcare and consumer discretionary stocks lagged. Analysts said global cues and domestic earnings will continue to influence market direction in the coming sessions.

Also Read: Nykaa shares jump 8% after strong Q2 earnings

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Corporate

InCred eyes ₹3,000–4,000 crore IPO

Bengaluru-based InCred Holdings, a lender that has helped thousands of individuals and small businesses access loans, is preparing to enter the stock market. The company has filed confidential papers with the Securities and Exchange Board of India (SEBI), aiming to raise ₹3,000–4,000 crore through an IPO.

Since its inception in 2016, InCred Financial Services, the company’s lending arm, has disbursed over ₹25,000 crore to more than 4 lakh customers. It operates through 140+ branches and employs around 2,600 people.

The company has posted strong financial growth in FY 25. Its assets under management (AUM) rose 39% year-on-year to ₹12,585 crore, profit after tax increased 18% to ₹372 crore, and total income surged 50% to ₹1,255 crore. InCred also maintains solid fundamentals, with a capital adequacy ratio of around 26% and net non-performing assets of just 0.7%.

By choosing SEBI’s confidential pre-filing route, InCred can submit its draft documents without immediate public disclosure, giving it flexibility in timing the IPO. This approach has become popular among Indian companies planning to go public.

The funds raised from the IPO are expected to support InCred’s continued expansion in personal loans, MSME financing, education loans, secured business lending, and institutional lending. The move will help the company reach more customers and strengthen its foothold in India’s growing credit market.

Also Read: Nykaa shares jump 8% after strong Q2 earnings

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Corporate

Nykaa shares jump 8% after strong Q2 earnings

Nykaa, India’s leading beauty and fashion e‑commerce platform, saw its shares climb 8% to ₹265.30 on Monday after reporting strong Q2 results. The surge lifted its market capitalization above ₹75,000 crore.

For the quarter ending September 30, 2025, Nykaa posted a net profit of ₹34.4 crore, up 243% from the same period last year. Revenue rose 25.1% year-on-year to ₹2,346 crore. EBITDA increased 52% to ₹158 crore, with margins expanding to 6.7%. The company’s Gross Merchandise Value (GMV) grew 30% to ₹4,744 crore, led by a 28% rise in beauty GMV, a revival in fashion, and a 54% increase in the “House of Nykaa” portfolio of owned brands.

Nykaa’s beauty segment continues to be the main growth driver, while a recovering fashion business provides additional upside. Investors will need to weigh the strong quarterly performance against high valuations and competition when deciding to buy, hold, or sell the stock.

Also Read: Lenskart lists at ₹390–₹395, below ₹402 IPO