November 11, 2026

TOP NEWS

Crude oil prices fall to $91 a barrel as Trump signals pause in further military strikes on Iran: Brent crude prices fell to around USD 91 a barrel on Tuesday, extending losses after declining nearly 6 percent in the previous session to their lowest level since August, as US President Donald Trump signalled that further military strikes on Iran may not be necessary. Trump's remarks indicated a possible easing of the conflict, following the US midterm election results. The decline in crude oil prices provided some relief to financial markets by easing inflationary pressures. Positive for OMCs, aviation companies, and Tyre companies. So positive for the Indigo, negative for ONGC

Kalyan Jewellers: Reported strong Q2FY27 performance, with consolidated revenue rising 31% YoY to Rs. 10,323 crore and PAT increasing 64% to Rs. 427 crore. For H1FY27, revenue grew 38% to Rs. 20,912 crore, while PAT increased 48% to Rs. 776 crore. India standalone revenue and PAT grew 32% and 62%, respectively, to Rs. 9,007 crore and Rs. 424 crore. Management indicated a strong start to the festive season, with healthy growth during Navratri and Dhanteras, and remains optimistic about the upcoming wedding season.

Suraksha Diagnostic: Reported a 69% YoY increase in Q2FY27 consolidated PAT to Rs. 14.95 crore, while EBITDA grew 45% YoY, with margins improving to 36.7%. Average revenue per test increased 19% to Rs. 427, supporting profitability growth. The company also opened five new diagnostic centres, expanding its network presence in East India.

Cochin Shipyard Q2 net profit halves to Rs 54 crore; declares dividend: Cochin Shipyard on Tuesday reported a nearly 50 percent decline in consolidated net profit at Rs 54 crore for the September quarter of the current financial year, compared with Rs 108 crore in the year-ago period. The company's net profit also declined by more than 64 percent sequentially from the June quarter. However, revenue from operations rose nearly 12 percent to Rs 1,249 crore in the quarter under review from Rs 1,118.6 crore in the corresponding period of the previous fiscal, the company said in an exchange filing. Negative

Ashoka Buildcon: Secured an EPC contract worth Rs. 865.90 crore (excluding GST) from NHAI for the balance construction work of an 8-lane access-controlled Vadodara–Mumbai Expressway in Gujarat, covering the Karvad–Jujuwa section (Package IX). The project has an execution timeline of 18 months and a 10-year defect liability period, strengthening the company’s order book and revenue visibility.

IIFL Finance:  The board has approved a primary capital raise of Rs 6,414 crore ($686 million) through a preferential issue. Funds managed by Blackstone Private Equity will invest Rs 5,000 crore ($535 million) through a preferential allotment of compulsorily convertible preference shares (CCPS). The CCPS will be converted into equity shares at Rs 602 per share within 18 months of allotment.

HlE Glascoat: Secured an order worth USD 42–48 million through its subsidiary from a leading North American energy storage company for the design, engineering, manufacturing and supply of specialised shell-and-tube heat exchangers and associated process equipment for a large-scale energy storage project. The order will be executed progressively up to November 2028, strengthening the company’s presence in the global energy storage segment and improving long-term revenue visibility.

Jyothy Labs: Revised the terms of its proposed share buyback, increasing the buyback price from Rs. 215 to Rs. 240 per share and reducing the maximum number of shares to be repurchased from 68.37 lakh to 61.25 lakh, representing up to 1.67% of its paid-up equity capital. The company has issued an addendum to the public announcement, published on November 10, 2026, in English, Hindi and Marathi newspapers.

BHEL: Received a favourable order from the Telangana GST authorities, dropping the entire GST demand of Rs. 207.26 crore, along with interest and penalties, for FY23.

OTHER NEWS

Avanti Feeds: Profit sinks 55% to Rs 68.95 crore Vs Rs 153.3 crore. Revenue rises 8.9% to Rs 1,752.5 crore Vs Rs 1,608.9 crore

MRF Q2 (Consolidated YoY): Profit falls 26.6% to Rs 387 crore Vs Rs 527.4 crore. Revenue grows 17.4% to Rs 8,660.2 crore Vs

Concurrently, the company's promoters, Nirmal Jain and R Venkataraman, will invest Rs 1,264 crore ($135 million) through..

IRB Infrastructure Developers: The company reported a 25.9 percent year-on-year growth in toll revenue to Rs 835.6 crore in October 2026, compared with Rs 663.5 crore in the corresponding month of the previous year

Epack Prefab Technologies: Rahul Agarwal has resigned as the company's Chief Financial Officer (CFO) due to personal reasons and to pursue other professional opportunities. Accordingly, he will cease to hold the position of CFO with effect from November.