NIFTY50 above 25,900, SENSEX jumps 730 points in afternoon session; Adani Enterprises, BSE, Groww among buzzing stocks

The Indian stock market extended its rally in the afternoon session on Wednesday, November 12, amid strong gains in IT, consumer durables and oil and gas stocks. Positive global cues also added to the market optimism.

Adani Enterprises shares were the biggest contributor, gaining 4.9%, followed by Tech Mahindra (3.57%), TCS (2.34%), Reliance Industries (1.79%) and Adani Ports (1.77%).

Buzzing stocks on November 12: Check list

Adani Enterprises shares surged 6.3% to an intraday high of ₹2,517.50 apiece on Wednesday as the company shared details of its ₹25,000 crore rights issue.

In a regulatory filing, the Gautam Adani-led firm said that at its meeting on November 4, 2025, the Board approved the issuance of partly paid-up equity shares with a face value of ₹1 each, for an amount of up to ₹25,000 crore through a rights issue. Subsequently, the Rights Issue Committee, at its meeting on November 11, 2025, approved the detailed terms and conditions of the issue.

Adani Enterprises said it will issue 13.85 crore partly paid-up equity shares through its rights issue, aggregating to ₹24,930.30 crore, assuming full subscription and payment of call monies.

The rights issue price has been set at ₹1,800 per share, including a premium of ₹1,799 per share, and the record date for determining eligible shareholders is Monday, November 17, 2025.

At 11:20 AM, the stock was trading at ₹2,484.10 apiece on NSE, surging 4.96%.

Shares of stockbroker Groww's parent, Billionbrains Garage Ventures, made a strong debut on the stock exchanges on Wednesday. The company's shares started trading at ₹112 apiece on NSE. This reflects a premium of 12% over the IPO issue price of ₹100. On the BSE, the stock listed at ₹114, up 14% from the issue price.

At 11:28 pm, the scrip is trading 9.10% higher at ₹122.19.

A lot consisted of 150 shares. Investors who received Groww IPO allotment made ₹16,800 per lot.

The initial share sale was subscribed a total of 17.60 times. It secured bids for 64,187,004,00 shares compared to 36,477,6528 equity shares on offer, as per the stock exchange's data.

Groww IPO was a fresh issue of equity shares totalling ₹1,060 crore along with an offer-for-sale, or OFS, component of 55.72 crore shares aggregating to ₹5,572.30 crore.

The shares of the commercial vehicle arm of Tata Motors listed at ₹335 apiece on the NSE on Wednesday.

This is a 28.4% premium to the discovered price of ₹260.75 on the NSE in the pre-open session. On the BSE, the stock got listed at ₹330.25, reflecting a premium of 26%.

In its exchange filing, Tata Motors (TMCV) said, "Trading Members of the Exchange are hereby informed that effective from November 12, 2025, the equity shares of Tata Motors Ltd (Scrip Code: 544569) are listed and admitted to dealings on the exchange in the list of 'T' Group Securities."

TMCV is now renamed as Tata Motors Ltd. So, now two entities are listed on the bourses – Tata Motors Passenger Vehicles Limited (TMPV) and Tata Motors Ltd (formerly Tata Motors Commercial Vehicle or TMCV). However, the scrip name is TMCV.

Tata Power shares fell 2% to an intraday low of ₹387.50 on Wednesday after the company reported its second-quarter earnings post market hours on Tuesday.

Tata Power posted nearly a 1% decline in its consolidated net profit at ₹919 crore for the second quarter of the current financial year (Q2 FY26) as compared to ₹926.5 crore logged during the same period last year. The Tata firm’s revenue from operations slipped 0.97% to ₹15,545 crore in the July-September quarter as against ₹15,698 crore seen in the year-ago period.

Tata Power's operating profit, also known as earnings before interest, taxes, depreciation, and amortisation (EBITDA), slipped 12% to ₹3,302 crore as compared to ₹3,746 crore in the corresponding quarter of the previous fiscal year. Its EBITDA margin, however, contracted to 21.2% in the reporting quarter from 23.8% in Q2 FY25.

Along with its earnings, Tata Power also said it will invest ₹1,572 crore for acquiring a 40% equity stake in a special purpose vehicle (SPV) that will set up the 1,125 MW Dorjilung hydropower project in Bhutan at an investment of ₹13,100 crore.

At 12:40 PM, Tata Power shares were trading at ₹388.80 apiece on NSE, declining 1.72%.

Shares of Kirloskar Oil Engines skyrocketed as much as 14.76% to ₹1,085.00 apiece on the NSE in the opening deals on Wednesday following the release of the September quarter (Q2 FY26) numbers on Tuesday, post-market hours.

Commenting on the results, Gauri Kirloskar, Managing Director, Kirloskar Oil Engines, said, "Kirloskar Oil Engines Limited (KOEL) has delivered its best-ever performance in Q2 FY 26, marking a key milestone in the company's growth journey. We crossed the ₹1,500 crore revenue mark for the first time in a quarter and achieved our highest-ever H1 sales of ₹3,027 crore.

The MD added, "All segments within the standalone business recorded double-digit growth, reflecting our strong market position and operational excellence. The Power Generation Business Unit continued its robust performance, supported by our extensive distribution network, strong brand equity, and ongoing innovation in engine and generator technology."

In its earnings release, the company said its consolidated net sales came in at ₹1,593 crore for Q2 FY26, as against ₹1,184 crore logged in the year-ago period, reflecting a jump of 35% YoY. EBITDA came in at ₹214 crore, as against ₹148 crore seen in the September quarter for FY25, a 45% YoY increase, while EBITDA margin stood at 13.4% vs 12.4% for Q2 FY25.

At 12:32 PM, shares of Kirloskar Oil Engines were trading at ₹1,087 apiece on NSE, climbing 14.98%.

Shares of Vodafone Idea jumped 2% to an intraday high of ₹10.45 apiece on the NSE as a top official said that the debt-ridden firm is working very closely with the government and expects to come up with the best long-term solution to its ₹78,500 crore adjusted gross revenue (AGR) dues.

During the company's earnings call on Tuesday, Vodafone Idea CEO Abhijit Kishore said the company is engaging multiple sources, including banks and non-banking finance companies, for fundraising, which also depends on the resolution of the AGR matter for long-term funding.

"We are looking at the solution which we believe will be best, and with a long-term view from the government. Our sense is that since the Supreme Court order has come recently, there would be a little bit of a dependency on that with the banks when they are looking at long-term funding," Kishore said.

At 12:40 PM, Vodafone Idea shares were seen at ₹10.40 apiece, gaining 1.56%.

Bombay Stock Exchange (BSE) share price jumped over 7% on Wednesday to an intraday high of ₹2,818 apiece after the company reported robust earnings growth in the quarter ended September 2025.

The capital market industry has witnessed dynamic growth in recent years owing to rising participation in the derivatives market. The recent curbs and hike in charges for derivatives have shrunk the turnover in the derivatives market, which is expected to impact earnings for all capital markets intermediaries.

Despite the changes, BSE Ltd reported robust earnings growth in Q2FY26. The total revenue for the quarter jumped 44.3% YoY to ₹1,068 crore as compared to ₹740 crore. The growth can be attributed to a 56% YoY jump in transaction charges at ₹794 crore.

At the operational level, the company’s EBITDA jumped 78% YoY to ₹691 crore with an EBITDA margin of 64% vs ₹388 crore EBITDA and 52.4% EBITDA margins in the same period last year.

At the bottom-line level, the company’s net profit also jumped 62% YoY to ₹557 crore, as against ₹344 crore.

At 12:45 PM, BSE shares were trading at ₹2,805.90 apiece on NSE, soaring 6.12%.