Why These Stocks Are Rising and Falling Today: Techno Electric, Ashok Leyland & Bikaji Gain; PI Industries & Aptus Decline

Indian equities were trading higher on Thursday, November 5, with the Nifty 50 at 24,416 at 10:06 am, after opening 1.72% higher.The Indian government has approved two major schemes worth ₹14,500 crore for energy storage and ₹2,814 crore for critical minerals. The energy storage scheme will support 92 GWh of capacity, while the critical minerals scheme will help set up four lithium and nickel processing plants. These initiatives are expected to benefit battery manufacturers, power companies and the electric vehicle (EV) sector in the long term.

In the US, the Democrats have gained control of both the House and Senate, which could limit some of President Trump's policies. Following the election results, Wall Street rallied, with the S&P 500 rising around 1.6% on Wednesday. Meanwhile, Brent crude oil prices fell nearly 9% to around $93.50 per barrel, providing relief to India, which depends heavily on oil imports. However, concerns over stricter AI data centre regulations weighed on technology stocks. Overall, positive global market sentiment and lower crude oil prices could support Indian equities.

Top Gainers for November 5: Techno Electric, Ashok Leyland & Bikaji Rise Up to 8.97%

Techno Electric & Engineering Company Ltd Share Price Jumps 8.97%

Techno Electric & Engineering Company Ltd was trading at ₹964 at 10:34 am on Thursday, November 5, rising 8.97% from its previous close. The company has scheduled its board meeting for November 12, 2026, to consider and approve the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026. The stock gained ahead of its quarterly earnings announcement.

Trading volumes stood at 4.85 lakh shares, compared with the 30-day average volume of 1.70 lakh shares.

Ashok Leyland Ltd Share Price Surges 8.76%

Ashok Leyland Ltd was trading at ₹167.54 at 10:17 am, up 8.76%. October 2026 total vehicle sales rose 23% year-on-year to 21,888 units from 17,820 units. Domestic sales increased 24% to 20,224 units, supported by a 41% rise in medium and heavy commercial vehicle truck sales to 11,613 units and a 14% increase in light commercial vehicle sales to 7,961 units. Year-to-date cumulative sales grew 22% to 1,35,328 units.

The company also announced that its board will meet on November 14, 2026, to consider unaudited standalone and consolidated results for the quarter and half year ended September 30, 2026.

Trading volumes stood at 3.64 crore shares, compared with the 30-day average volume of 1.40 crore shares.

Bikaji Foods International Ltd Share Price Rises 6.62%

Bikaji Foods International Ltd was trading at ₹504.20 at 10:06 am, gaining 6.62% from its previous close ahead of its scheduled Q2 FY27 results on November 5. The rise may reflect expectations of a favourable earnings announcement, although the quarterly financial numbers were not available in the supplied data.

In a separate regulatory filing, the company said ICRA reaffirmed its long-term bank facilities rating at [ICRA] AA- with a stable outlook and its short-term rating at [ICRA] A1+. The reaffirmed ratings cover bank facilities totalling ₹147.32 crore.

Trading volumes stood at 2.76 lakh shares, compared with the 30-day average volume of 3.68 lakh shares.

Top Losers for November 5: PI Industries, Aptus & Another Stock Fall Up to 14.72%

PI Industries Ltd Share Price Falls 14.72%

PI Industries Ltd faced heavy selling pressure on Thursday, November 5, with the stock trading at ₹1,865.50 at 10:39 am, down 14.72% from its previous close. Quarterly revenue declined 9% year-on-year to ₹1,702 crore from ₹1,872 crore. Operating profit fell 57% to ₹233 crore from ₹541 crore, while net profit dropped 70% to ₹122 crore from ₹409 crore.

The sharp fall in profit was accompanied by a decline in operating profit margin from around 29% in the year-ago quarter to around 14% in the latest quarter, adding to concerns over the company’s financial performance.

Trading volumes stood at 27.20 lakh shares, compared with the 30-day average volume of 3.84 lakh shares.

Cummins India Ltd Share Price Drops 10.43%

Cummins India was trading at ₹4,230.70 at 10:43 am, down 10.43% after a gap-down opening. Quarterly revenue rose 4% year-on-year to ₹3,301 crore from ₹3,170 crore. However, operating profit declined 27% to ₹506 crore from ₹695 crore, while net profit fell 18% to ₹507 crore from ₹622 crore. Despite relatively stable revenue, weaker operating profitability weighed on the company’s earnings.

Trading volumes stood at 24.60 lakh shares, compared with the 30-day average volume of 5.34 lakh shares.

Aptus Value Housing Finance India Ltd Share Price Declines 9.93%

Aptus Value Housing Finance India Ltd was trading at ₹185.90 at 10:47 am, falling 9.93% from its previous close despite reporting growth in its quarterly financial results. Revenue increased 15% year-on-year to ₹624 crore from ₹544 crore, while operating profit rose 16% to ₹333 crore from ₹288 crore. Net profit grew 18% to ₹267 crore from ₹227 crore.

Despite higher earnings, the stock faced selling pressure as growth was slower than the historical quarterly pace of over 25% mentioned in the supplied notes.

Trading volumes stood at 65.40 lakh shares, compared with the 30-day average volume of 19.50 lakh shares.