On November 13, the Indian stock market faced its second day of decline, with the Sensex falling by 984 points or 1.25% to close at 77,690, while the Nifty dropped by 324 points or 1.36%, closing at 23,559. As the market slipped, several stocks saw notable movements, either rising due to robust earnings or falling under disappointing results. Here’s a closer look at the top gainers and losers of the day, highlighting key stock performances that shaped the market landscape.

Gainers

1. Ashoka Buildcon | CMP: Rs 234 per share

• Ashoka Buildcon was among the top gainers, with an 8% surge to Rs 240 per share on the back of strong Q2FY25 results. The highway developer reported a four-fold year-on-year increase in net profit, reaching Rs 462 crore in Q2FY25, up from Rs 106 crore in the same period last year. The company's revenue from operations rose by 15.5% YoY to Rs 2,489 crore, signaling strong growth momentum in its infrastructure projects.

2. KNR Constructions | CMP: Rs 307

• KNR Constructions witnessed an impressive 14% rise after posting stellar Q2FY25 earnings. The company’s net profit jumped a massive 310% YoY, reaching Rs 585 crore, up from Rs 143 crore a year ago. The stock’s strong upward movement reflects investor confidence in KNR’s profitable growth and project execution capabilities.

3. Nazara Technologies | CMP: Rs 893

• Nazara Technologies gained over 3% on November 13 following news of a new partnership with the Open Network for Digital Commerce (ONDC) to introduce an in-game monetization platform. This new initiative aims to support game developers by enhancing their revenue channels, which boosted investor sentiment for Nazara shares.

4. NTPC | CMP: Rs 308

• NTPC shares gained momentum after Macquarie issued an outperform rating with a target price of Rs 475 per share, based on the company’s strategic alignment with themes of energy security and transition. This positive outlook helped NTPC shares rise in a challenging market environment, affirming NTPC’s positioning within the renewable energy space.

Losers

1. Sula Vineyards | CMP: Rs 403

• Sula Vineyards experienced a sharp decline after reporting a weak Q2FY25 performance. The company’s net profit fell 37% YoY, totaling Rs 14.48 crore in the quarter ending September 30, down from Rs 23.09 crore in the same period last year. Weak earnings disappointed investors, leading to a notable drop in the stock’s value.

2. PNB Housing Finance | CMP: Rs 917

• Shares of PNB Housing Finance took a hit after a block deal worth Rs 2,300 crore was executed at a floor price of Rs 943 per share. The transaction, involving 2.5 crore shares or a 9.5% stake, triggered a 7% decline in the stock as Quality Investment Holdings was reported as the likely seller. The substantial sell-off created downward pressure on PNB Housing’s stock.

3. Hyundai Motor India | CMP: Rs 1,745

• Hyundai Motor India’s stock fell 5%, extending its losing streak as the company posted a weaker-than-expected Q2FY25 earnings report. Hyundai’s consolidated net profit fell by 16%, reaching Rs 1,375 crore. The dip was primarily attributed to lower domestic sales, geopolitical issues affecting exports, and other market challenges.

4. Ramco Cements | CMP: Rs 887

• Ramco Cements faced a 3% drop as it reported weak consolidated earnings for the quarter ended September. The company saw a decline in both profit and revenue on an annual and sequential basis, disappointing investors and impacting the stock's performance.

5. Nykaa | CMP: Rs 172

• Nykaa shares also ended lower despite reporting positive Q2FY25 earnings. The company’s net profit increased by 66% YoY, reaching Rs 12.97 crore, with revenue from operations growing by 24.4% YoY to Rs 1,874.84 crore. Although the earnings were strong, market sentiment led to a reversal in intraday gains, closing the stock lower by the end of trading.

Broader Market Insights

The overall market weakness on November 13 was driven by a combination of global economic uncertainties and regional factors. The Nifty's recent decline of 10% from its all-time highs indicates investor caution as geopolitical tensions, fluctuating demand trends, and interest rate concerns continue to weigh on market sentiment.

Conclusion

The trading session on November 13 highlighted significant volatility, with stocks like Ashoka Buildcon and KNR Constructions enjoying gains due to positive earnings, while companies such as Sula Vineyards and Hyundai Motor India faced losses from weaker financial performance. The market’s overall downward trend reflects investor caution amid broader economic challenges. However, with several companies making strategic moves and growth-oriented partnerships, individual stocks still offer potential for future growth amid the ongoing market adjustments.

The Upcoming IPOs in this week and coming weeks are Rosmerta Digital, NTPC Green, Avanse Financial and Nisus Finance.

The Current active IPO are  Mangal Compusolution, Black Buck, and Onyx Biotec.

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