Stocks to Watch Today, Monday, November 9, 2026: Voltas, Alkem Labs, BHEL, Adani Enterprises, Tata Steel

Mumbai, Nov 9: Here are five stocks in focus on Monday, from 53.4 per cent profit jump for Voltas to Saudi joint venture for Alkem Laboratories to order for BHEL to Vizag data centre acquisition by Adani JV to 16.2 per cent profit rise for Tata Steel. Here are some key points to note from today’s session.

Voltas (VOLTAS) 

Voltas reported a 53.4 per cent year-on-year (YoY) jump in net profit to Rs 52.6 crore in Q2 FY27, against Rs 34.3 crore in the year-ago quarter. Revenue from operations increased 15.3 per cent to Rs 2,707 crore from Rs 2,347 crore a year earlier. 

Revenue from the Unitary Cooling Products business, which includes room air conditioners, rose 29 per cent to Rs 1,566.79 crore from Rs 1,215.13 crore, with room AC volumes up 32 per cent. Engineering Products and Services revenue grew 33.32 per cent to Rs 185.39 crore, supported by mining and construction equipment and textile machinery, while the projects segment reported a decline. Voltas said an extended summer helped demand in a traditionally lean quarter, while Voltbek, its home appliances arm, posted record Q2 sales in washing machines and refrigerators. The results were announced on Friday. 

Alkem Laboratories (ALKEM) 

Alkem Laboratories has incorporated a subsidiary in the form of a joint venture, Alkem Pharma Company, in the Kingdom of Saudi Arabia. The move aims to expand its business operations and market reach in the country. 

The company had said it would hold 51 per cent in the Saudi venture, with the balance 49 per cent held by a local partner, and the entity will manufacture, import, market and distribute pharmaceutical and nutraceutical products in the Kingdom. In Q1 FY27, Alkem reported a consolidated net profit of Rs 520 crore, down 21.2 per cent from Rs 660 crore a year earlier. In July, its subsidiary Alkem Medtech completed the acquisition of a majority stake in Switzerland-based Occlutech Holding AG. The venture fits Alkem’s plan to expand its non-US business. 

Bharat Heavy Electricals (BHEL) 

Bharat Heavy Electricals (BHEL) has received an order valued between Rs 600 crore and Rs 900 crore from Power Grid Corporation of India. The contract involves the installation of synchronous condensers at the Barmer-II HVDC Terminal Station in Rajasthan. 

The order, placed by Power Grid on behalf of its project SPV company, covers design, engineering, manufacturing, supply, erection, testing and commissioning of two synchronous condensers of +300/-200 MVAR, and the value excludes GST. Such condensers provide reactive power support and strengthen short-circuit capacity, helping grid stability at a terminal station meant to evacuate power from a 6 GW solar complex. Power Grid won the Barmer-II transmission project under tariff-based competitive bidding in September. 

Adani Enterprises (ADANIENT) 

AdaniConneX, a joint venture involving Adani Enterprises, has completed the acquisition of a 100 per cent stake in Vizag Mega Data Center Park Limited (VMDCPL) from Adani Infra (India). Following the completion, VMDCPL has become a joint venture of the company. 

The share purchase agreement was signed on November 5, 2026, for a consideration of about Rs 1,085.5 crore. VMDCPL, incorporated in February 2026, is yet to begin commercial operations but holds a sizeable land parcel and key licences. AdaniConneX is a 50:50 joint venture of the Adani Group and EdgeConneX and plans to build a 1 gigawatt data centre platform in India over the next decade. It earlier acquired Trade Castle Tech Park for Rs 231.34 crore and Girdhari Build Estate for Rs 366.65 crore. 

Tata Steel (TATASTEEL) 

Tata Group-owned Tata Steel posted a 16.2 per cent YoY rise in consolidated profit after tax (PAT) to Rs 3,699.59 crore in Q2 FY27, compared with Rs 3,183.09 crore in the corresponding quarter of the previous financial year. 

Revenue from operations rose 11.5 per cent to Rs 65,436.24 crore, while consolidated EBITDA rose 17 per cent to Rs 10,665 crore. The India business generated revenue of Rs 42,653 crore and EBITDA of Rs 10,634 crore, a margin of 25 per cent, while UK operations reported an EBITDA loss of 56 million pounds on revenue of 411 million pounds. Net debt stood at Rs 91,423 crore, or 2.4 times EBITDA. 

Source

• Company exchange filings