SENSEX holds 400-point lead, NIFTY50 firm above 25,600; HBL Engineering, Nykaa, NALCO among buzzing stocks

The Indian equity benchmarks extended gains in noon deals and were on track to snap their three-day losing streak on Monday, November 10, led by gains in index heavyweights Infosys, Reliance Industries, HDFC Bank, Larsen & Toubro, Bajaj Finance and Tata Consultancy Services. The SENSEX rose as much as 521 points and NIFTY50 index touched an intraday high of 25,651.95.

As of 12:23 pm, the SENSEX was up 439 points at 83,655 and NIFTY50 index advanced 142 points to 25,634.

Its revenue from operations dropped 4% to ₹428 crore from 446 crore.

HBL Engineering shares were witnessing heavier than usual trading volume as 1.40 crore shares changed hands on the National Stock Exchange compared with an average trading volume of 10.34 lakh shares.

HBL Engineering on Saturday reported consolidated net profit of ₹387 crore in second quarter of current financial year, marking an increase of 345% from ₹87 crore in the same period last year.

Its revenue from operations jumped 135 % to ₹1,223 crore in July-September period as against ₹521 crore in the year-ago period.

In the corresponding period of the previous fiscal year, it clocked a profit of ₹1,045.97 crore, it said in a regulatory filing.

During the quarter under review, the state-owned company’s revenue from operations advanced 7.27% YoY to ₹4,292.34 crore, compared to ₹4,001.48 crore in the September quarter of FY25.

Its EBITDA margin expanded to 45.03% in the second quarter of the current fiscal year, as against 38.73% in Q2FY25.

Trent's revenue from operations, in the July-September period, advanced 16% to ₹4,818 crore from ₹4,157 crore a year earlier.

Trent, which operates Zudio and Westlife stores, reported EBITDA of ₹817 crore, up 27% from ₹646 crore in the year-ago period.

The Union Food Ministry has also decided to remove the 50% export duty on molasses, Joshi said in a letter dated November 7 to Karnataka Chief Minister Siddaramaiah, PTI reported.

The firming up of the deal came notwithstanding a downturn in India-US relations after the Trump administration slapped a 50% tariff on Indian goods.

Under the deal, the delivery of the F404-GE-IN20 engines will begin in 2027, and the supplies will have to be completed by 2032, officials said.

The company’s revenue from operations increased 25.1% year-on-year (YoY) to ₹2,346 crore as compared to ₹1,875 crore in Q2 FY25.

On the operational level, Nykaa’s EBITDA stood at ₹158 crore, marking a jump of 52% from ₹104 crore in the corresponding quarter of the previous fiscal year.