The Indian stock market is likely to see action in several stocks on Monday, November 9. Shares of Mahindra & Mahindra (M&M), Bharat Heavy Electricals Limited (BHEL), Adani Enterprises, Wipro, Tata Steel, Siemens and Divis Laboratories are expected to remain on investors’ radar.
Recent business developments, major order wins, acquisitions and September quarter earnings could influence trading activity in these stocks. During the special Muhurat trading session held on Sunday, November 8, the Nifty 50 ended at 24,986, declining 44 points or 0.18%.
Stocks in Focus Today
Mahindra & Mahindra (M&M): Mahindra & Mahindra has approved an investment of up to Rs 1,450 crore in the proposed rights issue of its listed subsidiary, SML Mahindra. The company plans to invest approximately Rs 855 crore through its rights entitlement. It may also contribute an additional amount of up to Rs 595 crore.
Bharat Heavy Electricals Limited (BHEL): BHEL has secured an order worth between Rs 600 crore and Rs 900 crore from Power Grid Corporation of India. The project involves installing a synchronous condenser system at the Barmer-II HVDC terminal station in Rajasthan. The scope of work includes designing, engineering, manufacturing, supplying and installing two synchronous condenser units.
Adani Enterprises: AdaniConnects Pvt Ltd, a joint venture of Adani Enterprises, has completed the acquisition of a 100% stake in Vizag Mega Data Center Park Ltd, based in Visakhapatnam. Following the completion of the transaction, the company has become a joint venture of Adaninex.
Wipro: Wipro has named Angan Guha as President and CEO of its America-2 Strategic Market Unit. His appointment will take effect on December 8, 2026. Guha will report directly to Srini Pallia, CEO and Managing Director of Wipro, and will join the company’s executive leadership team.
September Quarter Results: Tata Steel, Siemens and Divis Laboratories
Tata Steel: Tata Steel posted a consolidated net profit of Rs 3,699.59 crore in the second quarter of FY 2026-27, compared with Rs 3,183.09 crore in the corresponding quarter of the previous financial year. This represents a year-on-year growth of 16.2%. Revenue from operations increased by 11.5% to Rs 65,436.24 crore during the September quarter.
Siemens: Siemens reported a 3.9% increase in net profit to Rs 504 crore in the July-September 2026 quarter. The company had recorded a net profit of Rs 485 crore in the same period last year. Revenue grew 17% to Rs 5,734 crore. However, its EBITDA margin declined to 10.9%, compared with 12.4% in the year-ago quarter.
Divis Laboratories: Divis Laboratories delivered strong financial results in the second quarter of the financial year. Its consolidated profit after tax (PAT) climbed 63.6% year-on-year to Rs 1,127 crore, against Rs 689 crore in the corresponding quarter last year. Revenue also increased by 35.4% to Rs 3,676 crore.
Disclaimer
This article is intended solely for informational and educational purposes. The information presented is based on company announcements and available financial results. It should not be considered investment advice or a recommendation to buy, sell or hold any stock. Stock market investments are subject to market risks. Readers are advised to conduct their own research and consult a qualified financial advisor before making any investment decisions.