Why These Stocks Are Rising and Falling Today: KALYANKJIL, GODREJIND & KEI Gain; BAYERCROP, ONGC & MARICO Decline

Indian equities opened on a cautious note on Thursday, November 12, 2026. The Nifty 50 began the session 0.16% lower and was trading at 25,342 around 10:30 am. Investors were weighing fresh government decisions alongside softer global crude oil prices.

The Union Cabinet approved approximately ₹62,370 crore in fertiliser subsidies for the Rabi 2026–27 season, about ₹24,418 crore more than a year ago. It also extended the Credit Guarantee Fund for Micro Units until March 2031, with a ₹5,000 crore corpus intended to facilitate ₹12.6 lakh crore in Mudra loans over five years. Both decisions are aimed at supporting farm affordability and credit access for small businesses.

Meanwhile, Brent crude fell about 1.6% to $91.29 a barrel earlier in the morning as geopolitical concerns eased and expectations of higher oil supplies weighed on prices. The fall may offer some relief to oil-importing sectors, while creating a less favourable near-term backdrop for upstream oil producers. Against this backdrop, these six stocks stood out in early trade.

Top Gainers: KALYANKJIL, GODREJIND & KEI Rise

Kalyan Jewellers India Ltd Share Price Jumps 6.08%

Kalyan Jewellers India Ltd was trading at ₹704.20 at 10:31 am, up 6.08% from its previous close, with its latest quarterly results providing a clear positive trigger. Q2 FY27 consolidated revenue rose 31% year on year to ₹10,323 crore, while profit after tax increased 64% to ₹427 crore. On a standalone basis, India revenue grew 32% to ₹9,007 crore and profit rose 62% to ₹424 crore. The company also reported a strong start to festive sales and expressed confidence ahead of the wedding season.

Trading volumes stood at 2.26 crore shares, compared with the 30-day average of 93.4 lakh shares.

Godrej Industries Ltd Share Price Rises 6.34% Ahead of Results

Godrej Industries Ltd gained 6.34% to ₹1,033.20 around 10:33 am as attention turned to its upcoming earnings announcement. The company has scheduled a board meeting for Friday, November 13, to consider its Q2 FY27 standalone and consolidated financial results. Buying ahead of the announcement suggests interest in the stock, but the quarterly outcome is still unknown, and no separate company development was confirmed as the cause of the rise.

Trading volumes stood at about 5.03 lakh shares, compared with the 30-day average of 1.36 lakh shares.

KEI Industries Ltd Share Price Gains 5.16%

KEI Industries Ltd rose 5.16% to ₹4,207.80 at 10:35 am. The cable and wire manufacturer had earlier reported Q2 FY27 revenue of ₹3,776.42 crore, up 38.5% year on year, and net profit of ₹262.45 crore, up 29%. These results provide a positive earnings backdrop, although they were released on October 21, and no new company announcement was verified as the direct trigger for today’s rally.

Trading volumes stood at 2.80 lakh shares, compared with an indicative 30-day average of 4.76 lakh shares.

Top Losers: BAYERCROP, ONGC & MARICO

Bayer CropScience Ltd Share Price Falls 3.80% on Ex-Dividend Day

Bayer CropScience Ltd was trading at ₹3,466.70 at 10:37 am, down 3.80%. The stock turned ex-dividend for a ₹90 interim payout on November 12, meaning the cash distribution can account for a substantial part of the quoted price decline. Its Q2 FY27 revenue had also fallen 19.5% year on year to ₹1,250.7 crore because of uneven monsoon conditions, lower corn acreage and softer crop protection demand. Net profit still rose about 8.8% to ₹166.2 crore, helped by better margins and cost savings, but higher inventories and delayed collections remained concerns.

Trading volumes stood at 26,250 shares, compared with the 30-day average of 37,660 shares.

ONGC Share Price Declines 3.43% as Stock Trades Ex-Dividend

Oil and Natural Gas Corporation Ltd (ONGC) fell 3.43% to ₹226.70 at 10:38 am. The stock was trading ex-dividend for its ₹8 interim payout, which by itself represents roughly 3.4% of the preceding share price and explains much of the apparent fall. Brent crude’s decline below $92 a barrel was another unfavourable factor for upstream oil producers. ONGC had reported Q2 FY27 consolidated net profit of ₹18,535 crore, up 46.9% year on year, although production was affected by reservoir challenges and monsoon-related project delays.

Trading volumes stood at 75.3 lakh shares, compared with the 30-day average of 1.18 crore shares.

Marico Ltd Share Price Slips 2.03% After Recent High

Marico Ltd was trading at ₹906 at 10:41 am, down 2.03%, after touching a 52-week high of ₹925 on November 11. Profit booking following the recent rise appears a more immediate explanation than a fresh earnings disappointment. Q2 FY27 consolidated revenue grew around 13% year on year to ₹3,897 crore and total net profit rose 29% to ₹558 crore, supported by 10% domestic volume growth. However, revenue declined 1.5% and profit fell 14.4% sequentially, providing a reason for investors to remain selective.

Trading volumes stood at 4.04 lakh shares, compared with the 30-day average of 24.1 lakh shares.