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Aditya Soman, Senior Research Analyst at CLSA, believes the worst is now behind the quick service restaurant (QSR) sector. This comes after several quarters in which QSR chains have fallen out of favour and delivered weak numbers, including in the most recent quarter.

Soman noted that QSR chains are now beginning to benefit from GST reductions on input costs, which should eventually support better pricing. Many players have also repaired ties with food aggregators, and a few, such as Jubilant FoodWorks have strengthened their own delivery platforms.

Despite these positives, CLSA remains cautious on the space. The firm’s only outperform call is on Restaurant Brands Asia (Burger King India), as competition from aggregators is still intense and profitability growth across the sector remains subdued.

Mumbai-based highway developer IRB Infrastructure Developers reaffirmed its double-digit toll revenue growth guidance for FY26 and said it remains on track to clock around ₹4,000 crore in revenue from its construction business this year FY26.

According to Anil Yadav, CEO- Business Development & Investment at IRB Infrastructure, passenger cars make up only about 15–20% of traffic on most highways, while commercial vehicles account for nearly 80–85%.

Post-Covid, car traffic has risen by around 10–12%, which has lifted overall traffic growth to roughly 6–7%, with some assets seeing 5–6%. With the extended and severe monsoon now behind, Yadav expects toll revenue growth to improve in the coming quarter.

Shares of battery manufacturer Exide Industries Ltd. recovered from the lows of the day to trade with gains on Monday, November 17 after some strong comments by the management during its earnings call after what turned out to be a weak quarter from the company.

On the post-earnings concall, the company said it expects a sharp rebound in its solar business in Q3, helped by the recent GST cut. The segment, which was the company’s highest-growing business in Q1 with a 35% rise, faced a one-time hit in Q2 and declined 5%.

The shares of the newly listed Groww surged 15%.

Beginning with its first commercial Boeing 777 flight outfitted with the technology on November 23, Emirates will provide free, ultra-fast Starlink Wi-Fi throughout its whole fleet. By mid-2027, the airline hopes to have all 232 aircraft covered by the rollout.

Nifty crosses the 26,000 mark intraday; Max Health & Tata Cons are the top Nifty gainers.

‘Work has begun on reviewing listing, disclosure requirements, reviewing settlement regulations; consultation paper after review of listing, settlement norms’, says SEBI Chairman

KEC International Bags Orders Worth ₹1,016 Cr

On Monday, November 17, shares of NBCC (India) Ltd. increased after the firm announced that it had secured a ₹498.3 crore order from the Damodar Valley Corporation in Jharkhand.

According to the organisation, the project management consulting order is for the development of an integrated township at the Chandrapura Thermal Power Station in Jharkhand.

The Securities and Exchange Board of India (SEBI) has granted Master Capital Services, a fully owned subsidiary of Master Trust, in-principle clearance to launch a mutual fund business.

Subject to SEBI’s final approval, the approval allows the company to start the regulatory procedure for establishing an Asset Management Company (AMC) and starting mutual fund schemes.

Ixigo | MIH Investments Acquires 10.60% Stake Via Pref Allotment On Nov 12

On Monday, November 17, shares of Euro Pratik Sales Ltd., a major player in the decorative wall panel and laminates market, increased by about 5% after the business announced that it had paid ₹76.5 crore to buy a 51% share in Uro Veneer World.

A ₹10.2 crore cash investment into the company is part of the transaction. According to Euro Pratik Sales, the acquisition strengthens its position outside of its distribution-led business model and represents its foray into the B2C market.

The shares of Maharashtra Scooter surge.

NBCC | Bags Order Worth ₹498 Cr From Damodar Valley Corporation

On Monday, November 17, shares of Billionbrains Garage Ventures Ltd., the parent company of Groww, the biggest trading platform in India, increased by an additional 8%.

Today, the stock reached a record high of ₹164.50. The company’s market capitalisation reached ₹1.01 lakh crore at its peak of the day.

Dharmesh Kant, Hd-Research, Chola Securities

Jubilant Foodworks

In the QSR space, this was an outlier when they reported the numbers and good traction was found there, both in the same-store sales growth as well as the new stores – they have been making more inroads into the country. Valuations are higher, but that has been the case historically

. But if somebody wants to be in the QSR space, I think this is the only counter where the unit economics are working very well with them, because they are not asset-heavy or the restaurant-heavy kind of business. So for QSR players, if you want to be in the space, I think Jubilant Foodworks is the top pick out there.

Govt Restricts Precious Metal and Jewellery Imports Till April 30, 2026

Raymond Partners With Unicommerce To Power Integrated Online Retail Operations

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