Archive · 12 Nov 2025
Indian Stock Market Mixed, Driven by Sectoral Performance and Corporate News
The Indian stock market had a mixed day on November 11, 2025, with some stock indexes like the Nifty and Sensex going up a little bit.
For the next day, the market was expected to start slowly.
Many different companies shared news about how they are doing.
Some companies, like Bharat Forge and Finolex Cables, made more money this year than last year and got new deals.
Hindustan Unilever is splitting its ice cream business into a separate company.
ONGC expects to get more oil out of a field starting next year.
However, not all companies had good news.
Max Financial Services saw its profit drop a lot, and Balrampur Chini Mills' profit also decreased.
JSW Steel is thinking about selling part of its stake in another company.
Other companies like Tata Power, Emcure Pharma, Paras Defence, BSE, and Awfis Space Solutions also announced their financial results, which showed different levels of growth or decline.
Indian stock indices Sensex and Nifty closed higher on November 11, 2025, but a muted opening was predicted for November 12, 2025.
Hindustan Unilever's ice cream business demerger was approved by the NCLT, creating a new entity called Kwality Wall’s (India).
Several companies like Bharat Forge, Emcure Pharma, and Finolex Cables reported strong year-on-year growth in profits and revenues for the September quarter.
Max Financial Services and Balrampur Chini Mills reported significant declines in net profit for the September quarter, despite varying revenue performances.
Companies like Paras Defence secured new orders, while ONGC anticipates a recovery in oil production, and JSW Steel is considering selling a stake in Bhushan Power & Steel.
- Who
- Various Indian companies including HUL, Bharat Forge, ONGC, Tata Power, Paras Defence, Emcure Pharma, Finolex Cables, Max Financial Services, JSW Steel, BSE, Awfis Space Solutions, and Balrampur Chini Mills; investors and stock market participants.
- What
- The Indian stock market showed mixed performance with some indices closing higher on November 11, 2025, while a muted opening was anticipated for November 12, 2025. Companies reported varied financial results, corporate actions, and secured new orders or contracts.
- When
- November 11-12, 2025.
- Where
- Indian stock market (NSE, BSE).
- Why
- Market sentiment was influenced by global trends and expectations of a muted opening. Individual stock movements were driven by corporate earnings reports, strategic decisions (like demergers and stake sales), new order wins, and operational updates.
Positive Corporate Performance
Negative Corporate Performance
Profit and Revenue Growth
Positive Corporate Performance
Companies like Bharat Forge, Tata Power, Emcure Pharma, Finolex Cables, BSE, and Awfis Space Solutions reported year-on-year increases in net profit and/or revenue.
Negative Corporate Performance
Max Financial Services reported a significant 96% YoY decline in net profit due to lower earnings from its life insurance arm, Axis Max Life. Balrampur Chini Mills also saw a 20% YoY fall in net profit despite revenue growth.
Business Segments
Positive Corporate Performance
Bharat Forge cited strong domestic industrial and defense sector demand. Emcure Pharmaceuticals saw growth in both domestic and international business sales. Finolex Cables reported growth in power cable sales and positive contributions from new product categories.
Negative Corporate Performance
Finolex Cables experienced subdued volumes in the communication cables segment. Max Financial Services' life insurance segment revenue declined significantly.
- Previous Day Close (Nov 11, 2025)
- NSE Nifty 50 closed 120 points higher at 25,695; BSE Sensex closed 335 points higher at 83,871.
- Market Outlook (Nov 12, 2025)
- Muted opening expected, indicated by global markets and GIFT Nifty.
- HUL Demerger
- NCLT approved demerger of ice cream business (Kwality Wall’s India) into a new entity.
- Bharat Forge Q2 FY26 Results
- Net profit up 23% YoY to Rs 299.27 crore; revenue up 3.14% to Rs 4,031.92 crore.
- ONGC Production Recovery
- Expects recovery in oil production from Mumbai High field starting January, with major gains anticipated in FY29–FY30.
- Tata Power Q2 FY26 Results
- Profit up 13.93% YoY to Rs 1,245 crore; revenue down 0.97% YoY to Rs 15,544 crore.
- Paras Defence Order
- Secured domestic order worth Rs 35.68 crore for counter-drone systems, to be completed by May 2026.
- Emcure Pharma Q2 FY26 Results
- Net profit up 24.7% YoY to Rs 251 crore; revenue up 13.4% to Rs 2,270 crore.
- Finolex Cables Q2 FY26 Results
- Net profit up 28% YoY to Rs 186.9 crore; revenue up 5% to Rs 1,357.8 crore.
- Max Financial Services Q2 FY26 Results
- Net profit down 96% YoY to Rs 4.1 crore; life insurance segment revenue fell to Rs 9,790.7 crore.
- JSW Steel Stake Sale
- Exploring sale of up to 50% ownership in Bhushan Power & Steel Ltd (BPSL); JFE Steel is a frontrunner.
- BSE Q2 FY26 Results
- Net profit up 61% YoY to Rs 558 crore; revenue up 44% to Rs 1,068 crore.
- Awfis Space Solutions Q2 FY26 Results
- Net profit down 58.8% YoY to Rs 15.9 crore; revenue up 25.5% to Rs 366.8 crore.
- Balrampur Chini Mills Q2 FY26 Results
- Net profit down 20% YoY to Rs 54 crore; revenue up 29% to Rs 1,671 crore.
Sources
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