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7 min read | Updated on November 19, 2025, 13:29 IST
SUMMARY
Shares of Infosys rallied as much as 3.78% to the day's high of ₹1,542.70 apiece on the NSE on Wednesday, a day after the company announced its date for the ₹18,000 crore share buyback programme

Shares of solar module manufacturer Waaree Energies declined on Wednesday, after the company informed that the Income Tax Department conducted searches at its offices. Image: Shutterstock
HCL Technologies shares were the biggest contributor, rising 4.08%, followed by Max Healthcare (4.01%), Infosys (3.4%), Wipro (2.1%) and TCS (1.81%).
On the flip side, Tata Motors PV (-2.03%), Maruti Suzuki (-1.06%), NTPC (-0.90%), Coal India (-0.66%) and ITC (-0.64%) were the biggest losers on the NIFTY50 index.
Shares of recently listed Billionbrains Garage Ventures (Groww) were trading in the red on Wednesday, after its gravity-defying rally at the bourses since listing.
The stock slipped over 10% to ₹169.89 on the NSE against the previous close of ₹188.77 on the NSE. The stock of the company on Monday jumped as much as 11% to hit a high of ₹193.80 on the NSE. This translates to a whopping 94% jump from the IPO issue price of ₹100.
However, the stock pared some gains minutes later but still ended with notable gains.
On Tuesday, the company, in its regulatory filing, said that the company will hold an earnings conference call on Friday, November 21, 2025, at 04:00 p.m. (IST) to discuss the unaudited financial results.
Shares of Infosys rallied as much as 3.78% to the day's high of ₹1,542.70 apiece on the NSE on Wednesday, a day after the company announced its date for the ₹18,000 crore share buyback programme. At 12:33 PM, the stock was trading at ₹1,540.20 apiece on NSE, gaining 3.62%.
The Salil Parekh-led company announced on Tuesday, November 18, that its share repurchase programme will open for subscription on Thursday, November 20, and close on November 26.
The company aims to buy back 10 crore fully paid-up equity shares of a face value of ₹5 each, representing up to 2.41% of the total paid-up equity share capital, at ₹1,800 per share.
"The eligible shareholders can tender their equity shares during the tendering period, i.e., from November 20, 2025, to November 26, 2025.
"The buyback is being undertaken by the company after taking into account the strategic and operational cash needs of the company in the medium term and for returning surplus funds to the shareholders in an effective and efficient manner in line with its capital allocation policy," Infosys said.
Shares of solar module manufacturer Waaree Energies declined on Wednesday, after the company informed that the Income Tax Department conducted searches at its offices.
The stock declined as much as 6.3% to ₹3,075.1 apiece on the National Stock Exchange (NSE). At 12:34 PM, it was down 4.19% to ₹3,145.4 per unit.
In an exchange filing on Tuesday, Waaree Energies stated that it is extending full co-operation to the IT Department officials in their probe.
"We hereby inform you that today certain officials of the Income Tax Department visited some of the company’s offices and its facilities in India for conducting an investigation under the Income Tax Act, 1961. The proceedings are underway, and the company is extending its full co-operation to the officials," it said.
KEC International shares took a hit on Wednesday as the company, in its regulatory filing on Tuesday, received a letter dated November 18, 2025, from Power Grid Corporation of India Limited (“PGCIL”).
The stock slipped as much as 6.31% to ₹732.35 on the NSE at 12:36 PM. It has touched an intraday low of ₹724.7 apiece.
The letter said that the company has been excluded from participating in tenders of PGCIL and the award of contracts by it for a period of nine months from November 18, 2025, without affecting any of the existing projects of PGCIL under execution, for alleged transgression of contractual provisions in relation to an earlier matter communicated to the stock exchanges vide letter dated March 24, 2025.
"The company is examining various options available to it, including legal recourse/approaching PGCIL for reconsideration of the above," it said.
It added that it does not envisage any significant impact on its operations and financial position, considering the strong order book and tender pipeline.
Shares of Tenneco Clean Air India, part of US-based Tenneco Group, made a robust debut on the stock exchanges on Wednesday.
The stock listed at ₹505 apiece on NSE, reflecting a premium of 27.20% over the IPO issue price of ₹397. On the BSE, it started trading at ₹498, up 25.44% from the issue price.
Investors who received the Tenneco Clear Air IPO allotment made ₹18,685 per lot. A lot consisted of 37 shares.
The initial share sale was solely an offer for sale of 9.07 crore equity shares worth ₹3,600 crore by promoter Tenneco Mauritius Holdings Ltd. As there was no fresh issue component, the company will not get any proceeds from the IPO. The money raised will go to selling shareholders.
The IPO was subscribed 58.83 times, with bids for 39,221,377,51 equity shares compared to 6,666,666 shares on offer.
Shares of Tata Consultancy Services (TCS) surged as much as 2% to an intra-day high of ₹3,149 apiece on the NSE after it was chosen by the National Health Service (NHS) Supply Chain to provide application development, support, and maintenance for its core business systems and cloud infrastructure for five years.
The stock was trading 1.79% higher at ₹3,142.50 per equity share at around 12:39 PM on NSE.
Under the partnership, TCS will deploy a host of cloud- and AI-enabled solutions to modernise NHS Supply Chain’s IT systems and enhance overall operational efficiency, it said in a regulatory filing on Tuesday.
The IT firm will replace the NHS's legacy systems with a modern supply chain enterprise resource planning (ERP) solution for “faster time-to-market, seamless scalability, and enhanced customer experience.”
The Mumbai-headquartered company will also transform its legacy operations into a product- and platform-based IT operating model to meet the needs of the healthcare providers' system, it added.
Bajaj Auto shares rise marginally as the two-three-wheeler maker completed the acquisition of a majority stake in Austrian bike maker KTM following receipt of necessary approvals from European regulators for its 800-million-euro transaction.
The company has also changed the name of Pierer Bajaj AG (PBAG) to Bajaj Auto International Holdings AG and PIERER Mobility AG (PMAG)—the holding company of KTM AG, the shares of which are listed on the SIX Swiss Exchange in Zurich and the Vienna Stock Exchange—to Bajaj Mobility AG, Bajaj Auto said in a regulatory filing.
Earlier this month the company had stated that out of nine regulatory approvals it had received eight, and on November 10, it had received notification from the European Commission for the same.
At 12:40 PM, Bajaj Auto shares were trading at ₹8,931 apiece on NSE, inching up by 0.11%.
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