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Balkrishna Industries Ltd fell 0.53% today to trade at Rs 2353.9. The BSE Auto index is down 0.06% to quote at 60748.26. The index is down 0.64 % over last one month. Among the other constituents of the index, Apollo Tyres Ltd decreased 0.48% and Amara Raja Energy & Mobility Ltd lost 0.16% on the day. The BSE Auto index went up 16.09 % over last one year compared to the 6.99% surge in benchmark SENSEX.
Balkrishna Industries Ltd has added 1.49% over last one month compared to 0.64% fall in BSE Auto index and 0.5% drop in the SENSEX. On the BSE, 88 shares were traded in the counter so far compared with average daily volumes of 13801 shares in the past one month. The stock hit a record high of Rs 2929.95 on 01 Jan 2025. The stock hit a 52-week low of Rs 2157.2 on 07 Apr 2025.
IT shares declined after witnessing gains in the past trading session.
At 11:25 IST, the barometer index, the S&P BSE Sensex declined 294.82 points or 0.35% to 83,016.03. The Nifty 50 index fell 82.10 points or 0.32% to 25,428.45.
In the broader market, the S&P BSE Mid-Cap index shed 0.28%, while the S&P BSE Small-Cap index dropped 0.48%.
The market breadth was weak. On the BSE, 1,529 shares rose and 2,303 shares fell. A total of 183 shares were unchanged.
IPO Update:
Billionbrains Garage Ventures (Groww) received bids for 91,60,45,200 shares as against 36,47,76,528 shares on offer, according to stock exchange data at 11:18 IST on Friday (7 November 2025). The issue was subscribed 2.51 times. The issue opened for bidding on 4 November 2025 and it will close on 7 November 2025. The price band of the IPO is fixed between Rs 95 and 100 per share.
Pine Labs received bids for 62,02,324 shares as against 9,78,93,739 shares on offer, according to stock exchange data at 11:18 IST on Friday (7 November 2025). The issue was subscribed 1.01 times. The issue opened for bidding on 7 November 2025 and it will close on 11 November 2025. The price band of the IPO is fixed between Rs 210 and 221 per share.
Buzzing Index:
The Nifty IT index declined 0.96% to 34,997.10. The index advanced 0.18% in the past trading sessions.
Oracle Financial Services Software (down 1.84%), Persistent Systems (down 1.57%), Coforge (down 1.55%), HCL Technologies (down 1.4%) and Tech Mahindra (down 1.32%), LTIMindtree (down 1.23%), Wipro (down 1.21%), Tata Consultancy Services (down 1.16%), Mphasis (down 0.79%) and Infosys (down 0.51%) declined.
Stocks in Spotlight:
Pricol added 4.59% after its consolidated net profit jumped 41.97% to Rs 63.99 crore in Q2 FY26 as against Rs 45.07 crore posted in Q2 FY25. Revenue from operations increased 51.97% year on year (YoY) to Rs 987.93 crore in Q2 FY26.
Amara Raja Energy & Mobility declined 1.198%. The company’s standalone net profit jumped 25.6% to Rs 302.40 crore on an 8% increase in revenue from operations to Rs 3,388.18 crore in Q2 FY26 over Q2 FY25.
Hindustan Construction Company (HCC) tanked 2.53% after the company's consolidated net profit slumped 25.26% to Rs 47.78 crore in Q2 FY25 from Rs 63.93 crore in Q2 FY25. Revenue from operations rose 31.71% to Rs 960.74 crore in Q2 FY26, compared with Rs 1,406.91 crore in Q2 FY25.
Global Markets:
Asia market declined on Friday, mirroring Wall Street’s losses as renewed concerns over stretched valuations in artificial intelligence (AI) stocks weighed on sentiment.
Investors across the region are now awaiting China’s October trade data, expected later in the day. Media reports indicate that exports may have grown just 3% year-on-year, slowing sharply from 8.3% in September, while imports are forecast to fall 3.2% after rising 7.4% previously.
The slowdown reflects weak domestic demand, prolonged pressure from the property downturn, rising job insecurity, and the fading impact of earlier consumption stimulus.
On Wall Street, AI-linked stocks extended their recent declines, dragging major indices lower. The Dow Jones Industrial Average fell 398.70 points (0.84%) to 46,912.30, while the S&P 500 dropped 1.12% to 6,720.32.
The Nasdaq Composite tumbled 1.9% to 23,053.99, with the Nasdaq 100 down more than 2% for the week — its steepest decline since early April.
Adding to investor unease, October layoffs surged to 153,000, nearly triple September’s figure and 175% higher year-on-year, according to Challenger, Gray & Christmas.
The spike in job cuts, combined with the ongoing U.S. government shutdown, now over a month old, has further clouded the outlook for the U.S. economy.
Total expenses rose 10.53% YoY to Rs 3,128.50 crore during the quarter. Employee benefits expense stood at Rs 223.10 crore (up 17.5%), finance cost was at Rs 8.26 crore (down 37.09% YoY), and other expenses were at Rs 481.58 crore (up 25.39% YoY) during the period under review.
Harshavardhana Gourineni, executive director of automotive and industrial, said, “Our continued growth in the OEM segment underscores our unwavering commitment to quality and reliability. In the telecom sector, we are seeing a decline in lead-acid battery demand, though our lithium solutions continue to gain strong traction—clearly reflecting the sector’s shift toward advanced technologies. Additionally, global trade and tariff uncertainties have weighed on our export performance this quarter. That said, we remain confident in our ability to navigate these challenges and accelerate growth across our portfolio in the coming periods.”
Vikramadithya Gourineni, executive director of new energy business, said, “We are seeing consistent progress on our infrastructure development. We are confident our Customer Qualification Plant (CQP) for indigenous cell manufacturing will be operational by Q4 of this FY, which will greatly accelerate our cell manufacturing plans.”
Jayadev Galla, chairman and managing director, said, “We continue to see robust performance on the back of our Automotive Lead Acid Business, which has delivered strong results. Even though it has been a tumultuous quarter with tariffs and global uncertainties, our performance has been solid, and we look forward to making better gains.”
Meanwhile, the board of directors has approved an interim dividend of Rs 5.40 per equity share, equivalent to 540% of the Rs 1 face value, for FY26. The payout is scheduled on or before 5 December 2025.
Amara Raja Energy & Mobility (formerly known as Amara Raja Batteries) is an energy & mobility enterprise and one of the largest manufacturers of energy storage products for both industrial and automotive applications in the Indian battery industry.
Shares of Amara Raja Energy & Mobility fell 1.56% to Rs 972 on the BSE.