In today’s stock market overview, we bring you a comprehensive analysis of the key stocks to watch on November 12. This breakdown covers financial performances, significant orders, growth forecasts, and industry challenges faced by leading companies such as ONGC, Britannia, Hindalco, Asian Paints, and TVS Supply. Here’s a closer look at each of these companies and how their recent results may impact the Indian stock market.

ONGC

ONGC's performance was largely in line with market expectations, as the company reported an EBITDA of ₹17,025 Cr, compared to the poll forecast of ₹17,199 Cr. The company’s steady financial results reflect its strong operational stability and resilience amid industry challenges.

Britannia

Britannia Industries showed a 5% year-over-year (YoY) revenue growth and achieved an 8% increase in volume, which was just below the market’s estimated growth of 8-9%. The company’s focus on innovative product offerings and expanding market share has supported this consistent growth trajectory.

Hindalco

Hindalco Industries exceeded expectations with its earnings, showcasing a strong aluminum upstream EBITDA growth of 79% YoY. This impressive performance highlights Hindalco's strategic advancements in operational efficiency and its ability to leverage market opportunities in the aluminum sector.

L&T Technology Services (L&T Tech)

L&T Tech made headlines with its acquisition of Intelliswift, a California-based AI and software firm, for $110 million. This acquisition marks a significant step in expanding its technological capabilities and presence in the global software market.

Asian Paints

In a strategic adjustment, Asian Paints lowered its FY25 volume growth guidance due to changing market conditions. The company now expects single-digit growth, indicating a potential slowdown in demand within the paint industry.

Jubilant FoodWorks

Jubilant Food, the operator of Domino's in India, reported line results with Dominos' LFL (like-for-like) growth at 2.8%, slightly below the expected 2-3% growth range. The company’s performance suggests a moderation in consumer demand for QSR (Quick Service Restaurant) offerings.

NMDC

NMDC, the state-owned mineral producer, missed its margin estimate by 750 basis points and announced a 2:1 bonus issue. This margin miss indicates operational challenges, which might impact investor sentiment.

TVS Supply Chain Solutions

TVS Supply faced headwinds with a 9% YoY drop in EBITDA and a margin decline of 150 basis points. The company’s challenges highlight the pressures within the supply chain industry and the need for operational adjustments.

Additional Highlights

• Ramco Cements experienced a smaller-than-expected volume decline, yet reported an EBITDA increase of 320 basis points YoY.
• Shree Cement posted in-line earnings, with a margin of 15.9%, consistent with market expectations.
• Inox Wind secured a repeat order from Continuum Energy for 87 MW, reinforcing its strong order book.
• BLS International expanded its margin by an impressive 1,280 basis points YoY and 610 basis points quarter-on-quarter, signaling robust operational efficiency.
• RVNL (Rail Vikas Nigam Limited) obtained a noteworthy order from South Central Railway for ₹294 Cr, showcasing its continued role in infrastructure development.
• HG Infra Engineering reported a 44% increase in profit YoY with a margin expansion of 50 basis points, indicating strong financial health and operational efficiency.
• Insecticides India demonstrated robust results with a 9% YoY increase in EBITDA and a margin rise of 250 basis points.
• Triveni Turbine recorded a 50% increase in EBITDA and expanded its margin by 300 basis points YoY, showing significant growth in profitability.

Conclusion

The November 12 stocks-to-watch list includes a diverse mix of companies across various industries, from energy to manufacturing and technology. This list provides investors with an overview of companies showing robust financials, operational challenges, and significant developments that could impact their stock performance in the near term.

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

The Current active IPO are  Neelam Lines and Garments and Mangal Compusolution.

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.