Indian equity markets are poised for a positive start today, indicated by GIFT Nifty futures trading 119.10 points, or 0.51 percent, higher at 23,524.50 on the NSE International Exchange. This optimistic outlook is fueled by positive domestic cues and a reduction in geopolitical concerns.
Key Stocks in Focus Today
Several companies are expected to be in the spotlight before the opening bell, driven by recent corporate actions, quarterly results, or market debuts. Here’s a rundown:
BLS Polymers & SFC Environmental Technologies Debut
- BLS Polymers: The specialty compound manufacturer is making its stock market debut today, November 3, after successfully raising Rs 255 crore from investors. The IPO, priced at Rs 150 per share with a lot size of 100 equity shares, was subscribed over 241 times, attracting 61.6 lakh applications.
- SFC Environmental Technologies: This water treatment firm also begins its trading journey today. The company garnered Rs 668 crore from investors at Rs 330 per share, with a lot size of 45 equity shares. Its IPO saw a subscription of 9.7 times, with nearly 2.83 lakh applications.
Quarterly Results and Corporate Developments
- ITC: The FMCG giant reported an 18.5 percent year-on-year fall in net profit to Rs 4,229 crore for the September 2026 quarter, despite a 5 percent YoY rise in revenue to Rs 20,454 crore. Consolidated EBITDA dropped 15.7 percent, impacted by steep tax hikes and a shift in the tax regime affecting cigarette volumes and operating margins.
- Lupin: The pharmaceutical company has received USFDA approval for its abbreviated new drug application (ANDA) for Amifampridine Tablets, 10 mg. This makes Lupin one of the first ANDA applicants, potentially eligible for 180 days of shared generic exclusivity.
- National Aluminium Company (Nalco): The metal producer saw a strong quarter, with net profit jumping 28.3 percent YoY to Rs 1,835 crore and revenue increasing 26.3 percent YoY to Rs 5,419.4 crore for the quarter ended September 30, 2026. EBITDA also rose 25.2 percent.
- NBCC (India): The state-run construction firm has signed a Memorandum of Understanding (MoU) with various Bihar government departments. This agreement will see NBCC undertake four redevelopment projects in Patna under Phase I, executed on a self-financing basis.
- Marico: The FMCG major posted a 29.2 percent YoY surge in net profit to Rs 558 crore, with revenue up 13 percent YoY to Rs 3,897 crore in Q2FY27. EBITDA soared 26.6 percent, and margins expanded over 200 basis points to 18.19 percent.
- Samvardhana Motherson International: The Motherson Group announced a collaboration with Nanyang Technological University, Singapore (NTU Singapore), to advance Spinheat, an energy-efficient magnetic induction technology for curing industrial coatings.
- KEC International: The RPSG Group's EPC player reported a significant 81.5 percent YoY crash in net profit to Rs 29.7 crore, with revenue plunging 10.2 percent YoY to Rs 5,467.7 crore for Q2FY27. EBITDA was down 37 percent.
- Gujarat State Fertilizers & Chemicals: The state-run specialty chemical player's net profit dropped 38.2 percent YoY to Rs 200.2 crore, despite revenue surging 48.7 percent YoY to Rs 4,740.90 crore for the September 2026 quarter. EBITDA fell 58.5 percent.
- Trident: The textile major’s net profit soared 93.1 percent YoY to Rs 175.6 crore, though revenue declined 3.8 percent YoY to Rs 1,719.5 crore for the quarter ended September 30, 2026. The board approved expansion and modernization worth Rs 4,650 crore.
- TVS Holdings: The holding company was allotted an additional 12.55 crore equity shares worth Rs 483.91 crore in its non-banking financial services subsidiary, Home Credit India Finance (HCIFPL), through a rights issue. TVS Holdings' shareholding in HCIFPL remains unchanged at 74.45 percent.
- Akums Drugs & Pharmaceuticals: The pharma player reported a substantial 176.7 percent YoY jump in net profit to Rs 112.9 crore, with revenue soaring 31.9 percent YoY to Rs 1,342.4 crore for the September 2026 quarter. EBITDA increased 106 percent.