Stocks to watch, Nov 11: IIFL Finance, Cochin Shipyard, oil-sensitives, Tata Power, Cupid, Hindustan Copper

The domestic equity market is likely to open with a sharp gap-up on Wednesday, with GIFT Nifty futures indicating an opening gain of around 300 points for the NIFTY50 index.

The fundraise also includes an investment of ₹1,264 crore by the company's promoters, Nirmal Jain and R Venkataraman, through preferential allotment of warrants, while Anchorage Capital will invest ₹150 crore through a primary equity investment.

The proposed transaction is subject to customary regulatory and shareholder approvals, IIFL Finance said in a regulatory filing.

This will raise the capital adequacy ratio from 17% to about 30% and support the next phase of growth across its secured lending businesses, and could improve its credit ratings and lower its borrowing costs over time, it said.

The state-owned company had posted a consolidated net profit of ₹107.52 crore in the second quarter of the preceding financial year, according to a regulatory filing.

Total income in the September quarter of FY27 increased to ₹1,331.81 crore from ₹1,245.88 crore in the year-ago period.

The public sector shipbuilding firm's total expenses rose to ₹1,256.71 crore in the September quarter from ₹1095.97 crore in the year-ago period.

The company's board also approved an interim dividend of ₹3 per equity share of ₹5 each, fully paid up (60%) for the financial year 2026-27.

The company is navigating an inflationary environment, with rising crude oil prices amid the West Asia conflict adding to cost pressures across the supply chain, said Dabur India CEO (India Business) Herjit Bhalla during the post-earnings investor call last week.

"We have had to calibrate what we are doing...Our approach has been to look at this as an opportunity, to look across the length and breadth of our portfolio, to be able to see how we can enhance our mix, how we can drive cost optimisation more, how we can take calibrated price increases, and where we need to be competitive," said Bhalla.

The company is also looking at improving product mix and operational efficiencies to counter inflationary pressures, while ensuring adequate investments behind its core brands, which generate almost 60% of its business.

A special committee of the board of directors of the company has approved the issue of 5,74,25,740 warrants to the promoter, at an issue price of ₹1,010 per Warrant, for an amount aggregating to ₹5,799.9 in accordance with Chapter V of the Securities and Exchange Board of India, Bajaj Finance said in a regulatory filing.

"Each of the warrants is convertible into an equivalent number of equity shares, which are pari-passu with the fully paid-up equity shares of the company," it said.

Pari passu is a Latin phrase that means "on equal footing" or "with an equal step.

On issue, a minimum of 25 per cent of the consideration should be payable on the date of allotment and the balance 75% would be payable at the time of allotment of equity shares pursuant to the exercise of options against the warrants, in accordance with the SEBI ICDR Regulations, it said.

The Thrissur-headquartered company's net profit stood at ₹260.51 crore during the corresponding quarter of the preceding financial year, Kalyan Jewellers said in a regulatory filing.

Revenue from operations grew 32% in the second quarter of FY27 to ₹10,323 crore, compared to ₹7,856 crore in the same period a year ago.

For the first half of FY27, the company’s net profit grew 48% to ₹776 crore against ₹525 crore in the year-ago period. It recorded a 38% rise in revenue to ₹20,912 crore against ₹15,125 crore in the first half of FY26.

NBCC Ltd is into project management consultancy (PMC), Engineering Procurement & Consultancy (EPC) and real estate businesses.

"In terms of order book position, NBCC's standalone order book is standing at ₹1,12,000 crore and consolidated order book ₹1,26,000 crore," NBCC CMD K P Mahadevaswamy informed analysts.

As per the transcript posted on stock exchanges on Tuesday, the new business secured in the second quarter stood at ₹3,600 crore on a consolidated basis.

Mahadevaswamy said the company is in talks with many state governments, including Bihar and West Bengal. He hoped to secure substantial work orders in the second half of the 2026-27 fiscal year.

Last week, NBCC Ltd signed an MoU with the Bihar government to develop four residential and commercial projects at a cost of ₹2,000 crore.