Top market news today - 11th November 2024

Top gainer: Power Grid 331 ▲ 15 (+4.76%)
Top loser: Asian Paints 2,546 ▼ 223 (-8.06%)

:star: Asian Paints’s shares cracked over 9%
Shares of Asian Paints cracked over 9% on Monday, November 11, as the paint major posted a disappointing set of numbers for the quarter ended September 30, 2024 (Q2 F25), owing to a subdued demand environment, material price inflation, and a decline in the decorative and coatings business in the domestic market. The company on Saturday reported a 43.71% decline in consolidated net profit to ₹693.66 crore for the September quarter. It had logged a net profit of ₹1,232.39 crore during the July-September period a year ago.

:star: Shares of Tata Motors gained as much as 3.16%
Shares of Tata Motors gained as much as 3.16% to ₹831.20 apiece on the BSE on Monday, November 11, as the Street looked convinced with the company’s commentary and outlook for H2 2025, even though the September quarter numbers were weak amid challenges such as supply constraints.

:star: Shares of Power Grid surged over 4%
Shares of Power Grid surged over 4% to ₹330.40 apiece on the BSE. Last week, the state-owned entity said its consolidated net profit stood almost flat at ₹3,793.02 crore in the July-September quarter of this financial year. It had reported a consolidated net profit of ₹3,781.42 crore for the quarter under review. The total income of the company rose to ₹11,845.93 crore from ₹11,530.43 crore in the same period a year ago.