Why These Stocks Are Rising And Falling 03 Nov 26

Indian equity markets opened higher on Tuesday, 3rd November 2026 with the Nifty 50 trading 1.21% up at 23,605.50 at around 10.11 AM supported by positive sentiment across select heavyweight stocks.Brent crude prices slipped back below the $ 110-a-barrel mark. Foreign Institutional Investors (FIIs) were net buyers in Indian equity market to the tune of ₹3,117.99 crore while Domestic Institutional Investors (DIIs) were net sellers to the tune of ₹406.61 crore on November 2, 2026. FIIs strong buyers as foreign investor sentiment positive

Today is November 3, 2026, the day of the US midterm elections to determine who will control Congress. The findings could have implications for U.S. trade policy, tariffs and world markets. Indian markets may stay cautious as investors await changes in foreign investment flows and India-US trade relations.

Top Gainers for November 3: Trident, Marico & Garden Reach Shipbuilders

Trident Ltd. Share Price Up 11.3%

Trident Ltd was one of the top gainers in the Nifty 500 index, trading 11.3% up at Rs 24.72 on the NSE. Revenue declined 3.8% YoY to ₹1,719 crore while operating profit rose 46% to ₹314 crore, the company reported. Operating Profit Margin increased to 18% and PBIT grew 87% YoY. Net profit was up at ₹176 crore from ₹91 crore in the year-ago quarter. The buying interest was also backed by the company's announcement of a ₹4,650 crore expansion and modernization plan on November 2, 2026. The investment comprises of additional yarn manufacturing capacity, 336 new looms, 28 TPD increase in paper production capacity and 80 MW hybrid renewable energy setup consisting of 60 MW wind and 20 MW solar power.

The trading volume stood at 8 crore shares, compared to the 30-day average of 73.9 lakh shares.

Marico Ltd Share Price Rises 6.7%

Marico Ltd was the top gainer in Nifty 500 at 10:11 AM, with the stock trading at ₹852.60, up 6.7% against its previous close on the NSE. The company reported a strong quarterly financial performance with revenue growing 12.9% YoY to ₹3,897 crore and operating profit growing 26.6% to ₹709 crore. Operating profit margin was 18.2%, up in operating profitability. Profit before tax stood at ₹674 crore while net profit increased by 29.2% YoY to ₹558 crore from ₹432 crore in the year ago quarter. Strong growth in operating profit and net profit lifted buying interest in the stock.

The trading volume was 66 lakh shares compared to the 30-day average of 18.1 lakh shares.

Garden Reach Shipbuilders & Engineers Ltd Share Price Up Nearly 8%

Garden Reach Shipbuilders & Engineers Ltd was among the top gainers in the Nifty 500 index at 10:22 AM, with the stock trading at ₹2,209.10, up 7.98 per cent from its previous close on the NSE. The company saw strong financial performance for the quarter with revenue rising 38.5% YoY at ₹1,815 crore versus ₹1,310 crore. Operating profit rose 33% to ₹149 crore from ₹112 crore, while profit before tax stood at ₹232 crore. Net profit increased 44.2 percent YoY to Rs 173 crore versus Rs 120 crore in the year ago quarter. Buying interest was also buoyed by the company’s announcement on November 2, 2026 of a contract with the Indian Navy for building five Next Generation Corvettes (NGCs) worth ₹32,000 crore. Strong revenue growth and the big defense order boosted investor sentiment.

The trading volumes were 23.4 lakh shares compared to the 30-day average volume of 5.67 lakh shares.

Top losers for November 3: KEC International, Great Eastern Shipping And Laurus Labs

KEC International Ltd share price drops nearly 7%

Among the top Nifty 500 losers at 10:35 AM was KEC International Ltd. The stock was trading at ₹324.60, down 6.96% from its previous close on the NSE. The company reported weak quarterly numbers, with revenue declining 10.2% YoY to ₹5,468 crore (versus ₹6,092 crore). Operating profit declined 37% to Rs 271 crore from Rs 430 crore. Operating profit margin contracted to 5% from 7.1% QoQ. Profit before tax was at ₹41 crore and net profit was down 81.4% YoY at ₹30 crore against ₹161 crore in the year-ago quarter. The stock faced selling pressure as investors were dampened by the revenue decline, lower operating margins and sharp fall in profitability.

The trading volumes were 48.6 lakh shares against 30-day average volume of 19.27 lakh shares.

Great Eastern Shipping Company Ltd Share Price Down 3.71%

Shares of Great Eastern Shipping Company Ltd fell to ₹1,542.80, down 3.71% from its previous close on the NSE. The company reported strong financial performance for the quarter, with revenue rising 67% year-on-year to ₹2,005 crore from ₹1,201 crore. Operating profit zoomed 108% to ₹1,338 crore from ₹643 crore and profit before tax was ₹1,365 crore. Net profit surged 175.8% YoY to ₹1,390 crore against ₹504 crore in the same quarter last year. The stock faced selling pressure after a recent rally of almost 30%, despite strong earnings. Regional conflicts have enabled shipping companies to have higher freight rates but as tensions ease and supply routes open there are concerns that shipping rates could drop and the future profitability of shipping companies is in question.

The trading volumes were 3.89 lakh shares against the 30-day average volume of 8.30 lakh shares, showing lower trading activity during the decline.

Laurus Labs Ltd's share price falls 3.62%

As of 11:10 AM, Laurus Labs Ltd was among the top losers in the Nifty 500 index, trading at Rs 2,262.90, down 3.62% from its previous close on the NSE. The company’s quarterly financial performance was very good as revenue grew 33.5% YoY to ₹ 2,206 crore from ₹ 1,653 crore. Operating profit grew by 86.1% to ₹750 crore from ₹403 crore while operating profit margin improved to 34% from 24.4% in year ago quarter. Profit before tax stood at ₹592 crore and net profit was up 124.7% YoY at ₹436 crore as against ₹194 crore in the year ago quarter. Even as the company reported strong earnings, the stock came under selling pressure as investors booked profits following a strong rally that took the share price to an all-time high.

The stock traded 17.29 lakh shares, down from the 30-day average volume of 18.95 lakh shares, indicating a lower trading activity during the decline.