Mahindra & Mahindra, BHEL and Tata Steel are among Indian stocks in focus on Monday, November 9, as investors assess investment plans, contract wins and quarterly earnings. The announcements follow Sunday's special Muhurat session, when the Nifty 50 fell 44 points, or 0.18%, to 24,986.
The decline ended seven consecutive years of gains during the special trading session marking a new investment year, according to News9 LIVE. Corporate developments also put Adani Enterprises, Wipro, Siemens and Divis Laboratories on investors' radar. Originally reported by News9 LIVE.
M&M investment and BHEL contract
Mahindra & Mahindra approved up to Rs 1,450 crore for the proposed rights issue of listed subsidiary SML Mahindra. Its rights entitlement accounts for about Rs 855 crore, with scope for an additional investment of up to Rs 595 crore.
Bharat Heavy Electricals secured a contract valued at Rs 600-900 crore from Power Grid Corporation of India for the Barmer-II HVDC terminal station in Rajasthan. BHEL's work covers two synchronous condenser units, including their design, engineering, manufacture, supply and installation.
AdaniConnects Pvt Ltd, an Adani Enterprises joint venture, completed the purchase of a 100% stake in Vizag Mega Data Center Park Ltd. The acquired company is based in Visakhapatnam.
Wipro names America-2 chief
Wipro appointed Angan Guha president and CEO of its America-2 strategic market unit, effective December 8, 2026. He will join the executive leadership team and report to CEO and Managing Director Srini Pallia.
Tata Steel and Divis post higher profits
Tata Steel's consolidated profit for the second quarter of FY 2026-27 reached Rs 3,699.59 crore, up 16.2% from Rs 3,183.09 crore a year earlier. Revenue from operations increased 11.5% to Rs 65,436.24 crore.
Siemens reported a 3.9% increase in net profit to Rs 504 crore for July-September 2026, against Rs 485 crore a year earlier. Revenue grew 17% to Rs 5,734 crore, although its EBITDA margin narrowed to 10.9% from 12.4%.
Divis Laboratories recorded consolidated profit after tax of Rs 1,127 crore in the second quarter, a 63.6% increase from Rs 689 crore a year earlier. Revenue rose 35.4% to Rs 3,676 crore, making its profit growth the strongest among the three earnings reports.
Originally reported by News9 LIVE.