Market Bizzz

Despite a flat market, selective traction is building in banking stocks as sector rotation picks up pace. Deven Choksey of DRChoksey FinServ expects stronger earnings in H2FY26, led by improved cost controls, SME loan growth, and government-led consolidation tailwinds in public sector banks.

SBC Exports Ltd reported a significant profit jump in the September quarter of FY26. Profit after tax doubled to Rs 11.36 crore. This growth was driven by new order wins. Revenue also saw a substantial increase of 28.49 percent. The company secured several work orders and export contracts.

Arvind Ltd faces challenges from US tariffs. The company is realigning its supply chain and expanding into new markets. Cost optimization measures are in place to counter margin pressure. Arvind remains committed to its long-standing customers. These strategies aim to maintain competitiveness and profitability in the current trade environment.

Puravankara Limited saw revenue climb 28% year-on-year in Q2FY26. Sales reached Rs 1,322 crore, with collections at Rs 1,047 crore. The company added significant development potential to its pipeline. Upcoming launches are planned, leveraging regulatory clarity and strong market demand. Despite a net loss, Puravankara is focused on growth and project execution.

Shipping Corporation of India (SCI) announced a ₹3 per share interim dividend for FY26, with November 19 as the record date. Q2FY26 profit fell 35% YoY to ₹189 crore, while revenue declined 8% to ₹1,339 crore.

Pine Labs IPO: In its IPO report, SBI Securities gave Pine Labs a ‘Subscribe for long-term’ recommendation, highlighting the company’s strong growth prospects, improving profitability, and large market opportunity. The brokerage said the fintech firm is well placed to tap into the Rs 276 trillion digital payments market projected by FY29.

Investors have a final chance today to buy Power Grid Corporation of India shares for a Rs 4.50 interim dividend. The stock will trade ex-dividend from November 10. This dividend is for the financial year 2025-26. Eligible shareholders will receive the payout on December 1. Other companies also have ex-dividend dates soon.

Curis Lifesciences launched its Rs 27.5 crore SME IPO on November 7, aiming to raise funds for infrastructure expansion and working capital. The company, which focuses on contract manufacturing and exports, reported strong revenue and profit growth in FY25. The IPO will close on November 11, with shares set to list on the NSE SME platform on November 14.

Orkla India’s Rs 1,667 crore IPO is set to list on November 6. The issue saw a blockbuster subscription of 48.7 times, driven by strong institutional demand. Grey market indicators suggest a 10% premium over the issue price. Investors are drawn to Orkla India’s strong brands like MTR and Eastern Condiments, market leadership, and robust financial performance.

Safecure Services, a security and facility management firm, is set to debut on the BSE SME platform on November 6 after a successful Rs 31 crore IPO. Despite strong investor participation, the stock currently shows a 0% grey market premium, indicating expectations of listing at its issue price of Rs 102.