Stocks to Watch Today, November 12: Several stocks are likely to remain in focus on Wednesday, November 12, following quarterly earnings announcements, fundraising plans, order wins and corporate developments.
Bajaj Finance is raising Rs 11,700 crore through a Qualified Institutional Placement (QIP), while Tata Power has reported an all-time high quarterly net profit of Rs 1,652 crore in Q2. BHEL has secured a Rs 600-900 crore order from Power Grid Corporation, and Cochin Shipyard has jointly developed India’s first indigenous Hybrid Laser Arc Welding (HLAW) technology with SFO Technologies.
Stocks to watch today
Here is a list of stocks to watch today, November 12.
| Stocks in focus | Why in focus |
| Bajaj Finance | Rs 11,700-crore QIP |
| EAAA India Alternatives | Q2 Profit Rises 27% |
| Cochin Shipyard | Develops India’s First Indigenous HLAW Technology |
| GRSE | Q2 Net Profit Rises 12% |
| Tata Power | Reports Record Q2 Net Profit of Rs 1,652 Crore |
| Indian Overseas Bank, Punjab & Sind Bank, Central Bank of India | PSU Banks Prepare for Government Stake Sale |
| Bajaj Hindustan Sugar | Q2 Net Loss Widens 15.23% |
| Orient Green Power | Q2 Net Profit Edges Higher |
| BHEL | Bags Rs 600-900 Crore Power Grid Order |
| Aurobindo Pharma | Subsidiary Receives VAI Classification from USFDA |
| JSW Steel | October Steel Production Rises 19% |
| Tata Investment Corporation | Noel Tata Retires as Chairman |
Bajaj Finance is raising Rs 11,700 crore through a Qualified Institutional Placement (QIP) to fund the company’s business growth.
EAAA India Alternatives reported a 27 per cent increase in Q2 consolidated profit after tax to Rs 88 crore. Total income rose 14 per cent to Rs 280 crore.
Indigenous Welding Technology
Cochin Shipyard and SFO Technologies have jointly developed India’s first indigenous Hybrid Laser Arc Welding (HLAW) technology, integrating laser welding, arc welding, robotics and automation.
GRSE
Q2 Net Profit Rises 12%
Garden Reach Shipbuilders & Engineers reported a 12 per cent rise in Q2 FY27 net profit to Rs 172 crore. Total income stood at Rs 1,886 crore.
Records Highest-Ever Quarterly Profit
Tata Power reported an all-time high Q2 net profit of Rs 1,652 crore, up 33 per cent year-on-year. Revenue increased 26 per cent to Rs 19,886 crore.
Bajaj Hindustan Sugar reported a 15.23 per cent wider consolidated net loss of Rs 121.28 crore in Q2, while total income declined 16.47 per cent.
Orient Green Power reported a marginal increase in consolidated Q2 net profit to Rs 81.57 crore, compared with Rs 80.94 crore in the year-ago period.
BHEL
Bags Rs 600-900 Crore Order
BHEL secured a Rs 600-900 crore order from Power Grid Corporation to install two synchronous condensers at Kalyanpur, Gujarat, for renewable energy integration.
Aurobindo Pharma subsidiary Apitoria Pharma received a Voluntary Action Indicated (VAI) classification from the USFDA for its API manufacturing facility in Telangana.
October Production Rises 19%
JSW Steel’s consolidated crude steel production increased 19 per cent to 25.73 lakh tonnes in October. Indian operations recorded 24.86 lakh tonnes of production.
Tata Investment Corporation
Noel N Tata retired as Chairman and Director of Tata Investment Corporation effective November 11. The Board appointed him Chairman Emeritus from November 12.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)