Indian equity markets saw a volatile trading session on November 11, with benchmark indices Sensex and Nifty closing mixed. While Sensex managed a marginal gain of 9.83 points, Nifty ended in the red, losing 6.90 points. The session saw 1,446 advancing stocks, 2,478 decliners, and 116 unchanged. Here's a look at some of the top gainers and losers in today's market:

Top Gainers

1. HFCL (Himachal Futuristic Communications Ltd)

HFCL's shares rose by over 6% following the announcement that it, along with its partners Rail Vikas Nigam Ltd (RVNL) and Aerial Telecom Solutions, had emerged as the lowest bidder for the BharatNet Phase III project. The total value of the project is Rs 8,100 crore, and HFCL's consortium secured the Uttar Pradesh East and West bids, valued at Rs 6,925 crore. This government-backed initiative aims to expand rural broadband connectivity, which contributed to the positive market response.

At close, HFCL shares stood at Rs 127.8, finishing 0.8% higher, after an initial surge in intraday trading.

2. Krishna Institute of Medical Sciences (KIMS)

KIMS reported strong Q2FY25 financial results, which caused a 6% surge in its stock price. The company posted a 24% QoQ increase in net profit, reaching Rs 107.4 crore, along with a 19% YoY rise in revenue to Rs 777.3 crore. Despite initial gains, the stock eventually closed 2% lower, possibly due to profit-taking after the strong run-up during the day.

KIMS’ positive performance highlights the resilience of the healthcare sector despite broader market volatility.

3. Biocon

Biocon shares surged 8% after the US Food and Drug Administration (FDA) granted its biologics unit in Bengaluru a "Voluntary Action Indicated" (VAI) status. This regulatory designation is a positive outcome after the FDA inspection, allowing Biocon to continue operations without any additional regulatory hurdles. Investors responded favorably, pushing the stock higher, as VAI status typically signals operational continuity and potential for growth.

Top Losers

1. Aarti Industries

Shares of Aarti Industries tumbled over 7.4% after the company reported disappointing earnings for the July-September quarter. The company's net profit saw a steep decline, and its margins contracted sharply. The fall in stock price was also exacerbated by a sharp increase in trading volumes, with nearly 2 crore shares changing hands early in the session, significantly higher than the one-month daily traded average.

The poor earnings performance combined with weak margin outlook led to broad market concern for the chemical sector, affecting investor sentiment.

2. C.E. Info Systems (MapMyIndia)

C.E. Info Systems (the parent company of MapMyIndia) saw its stock fall 8% after it reported a YoY decline of 8.2% in net profit for Q2FY25, totaling Rs 30.33 crore. While the company’s revenue rose by 14% YoY, its EBITDA fell by 7.5%, and its margin dropped to 36.1%. The disappointing earnings report combined with weak operational performance led to a sharp sell-off in the stock.

3. Asian Paints

Asian Paints faced disappointment in the market as its stock tanked 8% after the company released a Q2FY25 report that showed underwhelming results. Despite its strong brand presence, Asian Paints struggled amid increased competition and a challenging demand environment. Analysts downgraded the stock after questioning its ability to maintain growth in the current economic scenario.

4. Data Patterns (India)

Data Patterns (India) saw a decline of 6% after posting disappointing financial results for Q2FY25, with a 10% YoY drop in net profit to Rs 30.3 crore. Revenue from operations also fell by 16%, leading to negative sentiment surrounding the stock, which contributed to its decline on November 11.

Sectors and Broader Market Analysis

In terms of sector performance, the telecom sector, particularly stocks like HFCL, showed growth, spurred by infrastructure contracts. Similarly, the healthcare sector posted a positive note with KIMS and Biocon leading the way.

On the other hand, the paint and chemical sectors faced significant downward pressure due to disappointing earnings from key players like Asian Paints and Aarti Industries. This was further compounded by profit booking in some railway stocks, including Jupiter Wagons, which saw a 5% drop despite its earlier strong performance.

Conclusion

November 11's market session was characterized by volatility, with strong gains in select stocks like HFCL, Biocon, and KIMS, while stocks such as Aarti Industries, C.E. Info Systems, and Asian Paints faced declines after disappointing earnings results. As the market continues to react to company-specific news and broader macroeconomic factors, it is important for investors to stay updated on earnings trends, regulatory approvals, and sector performance to navigate the fluctuating market landscape.

The Upcoming IPOs in this week and coming weeks are Mangal Compusolution, Onyx Biotec, Rosmerta Digital, NTPC Green, Avanse Financial, Nisus Finance and Black Buck.

The Current active IPO are  Niva Bupa Health and Neelam Lines and Garments.

For more insights into financial trends , visit our Top News Headlines. You can also explore investment opportunities in the market and apply for upcoming IPOs through our Best IPO to Apply Now section.