Why These Stocks Are Rising and Falling Today: SAILIFE, TTML & CHOLAHLDNG Gain; THERMAX, ASTRAL & CGPOWER Decline

Indian equities opened nearly flat on Friday, November 6, despite a steep sell-off in US technology stocks and weak Asian markets. The Nifty 50 opened at 24,538.20 and was trading at 24,624.60, up around 0.36% from the previous close of 24,536.60, at 10:13 am. Renewed foreign buying helped Indian shares recover from early volatility, while fluctuations in crude oil prices and global technology stocks remained key concerns.

Top Gainers: SAILIFE, TTML & CHOLAHLDNG 

Sai Life Sciences Ltd Share Price Jumps 9.82%

Sai Life Sciences Ltd was trading at ₹1,752.10 at 10:14 am, gaining 9.82% after reporting strong Q2 FY27 results. Revenue from operations grew 23% year-on-year to ₹659 crore, while EBITDA increased 20% to ₹187 crore and net profit rose 17% to ₹98 crore. The EBITDA margin was 28%, compared with 29% a year earlier. The company invested ₹621 crore in capacity and capability expansion during H1 FY27 and expects a stronger second half as new capacity ramps up.

Trading volumes stood at 26.5 lakh shares, compared with the 30-day average volume of 5.36 lakh shares.

Tata Teleservices (Maharashtra) Ltd Share Price Rises 8.41%

Tata Teleservices (Maharashtra) Ltd (TTML) was trading at ₹38.36 at 10:16 am, up 8.41% from its previous close. Its latest audited Q2 FY27 results showed revenue from operations rising 8.2% year-on-year to ₹309.65 crore. EBITDA increased 17.8% to ₹164.61 crore, while the quarterly net loss narrowed to ₹59.20 crore from ₹320.82 crore a year earlier. However, accumulated losses and a weak balance sheet remain significant risks, with continued financial support from its ultimate holding company.

Trading volumes stood at 2.80 crore shares, compared with the 30-day average volume of 2.71 crore shares.

Cholamandalam Financial Holdings Ltd Share Price Gains 6.33%

Cholamandalam Financial Holdings Ltd was trading at ₹1,503 at 10:17 am, up 6.33% amid buying interest in the Murugappa Group financial services company. Its key subsidiary, Cholamandalam Investment and Finance Company, had reported a 41% year-on-year rise in Q2 FY27 profit after tax to ₹1,630 crore, while assets under management increased 25% to ₹2.68 lakh crore. The subsidiary also approved a fund-raising proposal of up to ₹5,000 crore through a qualified institutions placement. The holding company was scheduled to consider its own Q2 results on November 6.

Trading volumes stood at 2.88 lakh shares, compared with the 30-day average volume of 1.87 lakh shares.

Top Losers: THERMAX, ASTRAL & CGPOWER 

Thermax Ltd Share Price Plunges 16.44%

Thermax Ltd was trading at ₹2,779.80 at 10:17 am, down 16.44% after weak Q2 FY27 profitability overshadowed revenue growth. Consolidated revenue increased 11.4% year-on-year to ₹2,755.87 crore, but net profit declined 5.3% to ₹113.11 crore. EBITDA stood at ₹194.14 crore, with an operating margin of about 7%. Higher input costs and an unfavourable product mix affected the Industrial Products segment, while new order bookings declined 8.2% to ₹3,259 crore.

Trading volumes stood at 7.27 lakh shares, compared with the 30-day average volume of 1.90 lakh shares.

Astral Ltd Share Price Falls 11.29%

Astral Ltd was trading at ₹1,233.40 at 10:18 am, declining 11.29% as investors reacted to pressure on margins despite solid sales growth. Consolidated Q2 FY27 revenue rose 26% to ₹1,988.30 crore, but net profit fell 5.6% to ₹127.30 crore. EBITDA margin contracted to 13.7% from 17.0% a year earlier as higher polymer and adhesive raw material costs affected profitability. Plumbing volumes grew 19.1%, and the company expects better margins following price increases in Q3 FY27.

Trading volumes stood at 22.3 lakh shares, compared with the 30-day average volume of 4.56 lakh shares.

CG Power and Industrial Solutions Ltd Share Price Declines 8.20%

CG Power and Industrial Solutions Ltd was trading at ₹742 at 10:19 am, down 8.20% following a regulatory setback. The Maharashtra Pollution Control Board directed closure of manufacturing activities at the company’s Waluj unit in Chhatrapati Sambhajinagar. The company said the financial impact could not yet be determined. Its earlier Q2 FY27 performance had been strong, with consolidated sales rising 30% year-on-year to ₹3,802 crore and profit before tax increasing 44% to ₹559 crore, but uncertainty over the closure weighed on sentiment.

Trading volumes stood at 47.3 lakh shares, compared with the 30-day average volume of 29.2 lakh shares.