SENSEX off the day’s high, NIFTY trades flat in noon deals; Bajaj Finance, Cupid, Ola Electric among buzzing stocks

The Indian benchmark indices, SENSEX and NIFTY50, were trading flat, off their day’s high during the afternoon session on Thursday, November 12, amid buying in financial services stocks and a sell-off in auto shares.

During the trading session, the SENSEX surged as much as 0.54% to hit an intraday high of 82,325.61. Meanwhile, the NIFTY50 gained as much as 0.51% to touch the session’s peak of 25,384.80.

At 1:31 PM, the S&P BSE SENSEX edged lower by 12.08 points, or 0.015%, to trade at 81,867.32, while NSE’s NIFTY50 stood at 25,246.15, marking an 8.90-point, or 0.035%, decline.

The SEXSEX fell over 450 pts from its intraday high, and NIFTY was off approximately 139 pts from its day’s high, during the noon deals.

The top losers in the NIFTY50 index included Mahindra & Mahindra (M&M), Nestle India, Maruti Suzuki, Tata Consultancy Services (TCS), and Power Grid Corporation of India.

On the flip side, the top gainers were HDFC Life Insurance Company, Shriram Finance, Bajaj Finance, SBI Life Insurance Company, and State Bank of India.

Buzzing stocks on November 12: Check list

Shares of Bajaj Finance advanced as much as 3.6% to hit an intraday high of ₹1,118 per unit on the National Stock Exchange (NSE) on Thursday, November 12, a day after the company launched its qualified institutional placement (QIP) issue to raise funds.

The company’s board of directors’ special QIP Committee approved opening the issue on Wednesday, November 11, to qualified institutional buyers (QIBs), according to a regulatory filing.

It further added that it has approved sending an application form, dated November 11, to eligible QIBs inviting bids and for receiving filled-in application forms along with the application amounts for subscribing to the equity shares, in connection with the issue.

“Pursuant to the approval of the shareholders, accorded through a special resolution dated November 2, 2026, the company may offer a discount of not more than 5% on the floor price so calculated for the issue,” Bajaj Finance stated. It added that it will determine the issue price for the QIP in consultation with the book-running lead managers (BRLMs) appointed for the issue.

The stock of Hindustan Copper soared as much as 6.98% to hit an intraday high of ₹466.80 per equity share on Thursday, November 12, a day after the company reported strong earnings for the July-September quarter of the 2026-27 financial year (Q2 FY27).

The copper mining company reported a 181.9% year-on-year (YoY) surge in its consolidated net profit to ₹518.13 crore during the quarter under review, compared with ₹183.79 crore in the second quarter of the same period last year.

Sequentially, its profit grew 47.04% quarter-on-quarter (QoQ) from ₹352.37 crore in the preceding quarter, according to a regulatory filing.

The firm clocked revenue from operations of ₹1,175 crore in the quarter ended September 30, 2026, marking a 63.67% YoY jump from ₹718 crore in the corresponding period of the previous fiscal year.

Cupid share price surged around 10% to hit an intraday and record high of ₹389 apiece on the NSE on Thursday, as equity market investors focused on the strong July to September quarter FY27 earnings growth, while the material cost overhang pressured margins down in the period.

In the Q2 results, Cupid posted a strong 133% increase in the company’s consolidated net profit (attributable to owners) to ₹56 crore, in comparison to ₹24 crore in the same period a year earlier.

The company’s profit growth comes against the backdrop of strong revenue gains in the September quarter, which increased 122.4% YoY to ₹188 crore, from ₹84 crore in the same quarter a year earlier.

Despite the healthy revenue growth and profits in the Q2 earnings, the overall margins remained under pressure and contracted during the period due to elevated material costs.

The stock of ITC Ltd gained as much as 1.84% to the high of ₹290.25 per equity share on November 12, amid news reports that the company has raised prices across its cigarette portfolio to navigate cost pressures and tax headwinds.

According to news reports, ITC has raised the price of its Gold Flake RSFT cigarette pack by around 8% to ₹135 from ₹125 earlier, marking another price hike for the brand this year.

The latest revision marks the second price hike for Gold Flake Premium this year. The brand had raised prices from ₹115 to ₹125 per pack in June.

Ola Electric Mobility shares jumped as much as 7.4% to touch an intraday high of ₹37 apiece on Thursday, November 12, ahead of its September quarter earnings announcement (Q2 FY27).

The electric two-wheeler maker reduced its net losses to ₹336 crore in the first quarter of FY27 (Q1 FY27). The EV maker’s consolidated net losses narrowed to ₹336 crore in the first quarter of the financial year 2026-27, compared YoY with ₹428 crore in the same period a year earlier.

On a sequential basis, the company’s net losses narrowed to its June quarter levels from the ₹500 crore net loss in the fourth quarter of FY26.

This development comes a month after China announced export controls on tunnel boring machines. The export controls will be effective from November 18.

Tata Power shares slipped from their intraday high and turned negative on Thursday, November 12, as analysts highlighted the margin impact of the solar module and cell business in the quarter ended September 30, 2026.

The company posted a 49% growth in its consolidated net profit at ₹1,366 crore for Q2 FY27, as compared to ₹919 crore logged during the same period last year. This was the highest-ever quarterly profit, driven by broad-based growth across businesses.

Tata Power’s operating profit, also known as earnings before interest, taxes, depreciation, and amortisation (EBITDA), jumped 11% to ₹3,668 crore as compared to ₹3,302 crore in the corresponding quarter of the previous fiscal year.

Its EBITDA margin, however, contracted to 18.68% in the reporting quarter from 21.24% in Q2 FY26.

The stock of Aegis Logistics rose as much as 3.4% to reach the session’s peak of ₹1,269 per equity share on the NSE on Thursday, November 12, as the company launched its qualified institutional placement (QIP) on Wednesday.

The company’s board of directors’ fundraising committee approved the floor price of ₹1,161.85 per equity share for the issue, based on the pricing formula as prescribed by the SEBI.

It further stated that it may, at its discretion, offer a discount of not more than 5% on the floor price so calculated for the issue, adding that the issue price will be determined by the fundraising committee in consultation with the book-running lead managers appointed for the QIP.

Shares of Astra Microwave Products advanced as much as 6.2% to hit an intraday high of ₹1,835 apiece, as it reported a 113.72% increase in consolidated net profit to ₹51 crore in Q2 FY27, compared to ₹23.90 crore a year back.

Its revenue from operations rose 22.47% YoY to ₹263 crore.

Shares of Godrej Industries Limited climbed as much as 9.7% to hit an intraday high of ₹1,062.90 apiece on Thursday, November 12, after its financial services arm, Godrej Capital, secured ₹2,500 crore from Temasek at a valuation of up to ₹28,000 crore.

In an exchange filing, Godrej Industries Group announced that Temasek Holdings, via its affiliate Jongsong Investments, will invest ₹2,500 crore in Godrej Capital, valuing the company at up to ₹28,000 crore.

After the transaction, the Group will retain around 80% ownership in the company.