ICICI Bank, Divi's among 14 NSE 500 stocks hit new highs in Muhurat session
NSE moved higher in a quarterly results development.
· Business Standard Mkts
Divi's Labs surged 6% to a new high of ₹10,950 in Diwali-special Muhurat trading session, after the pharma company reported 64% surge in Q2 net profit.
The analysis
NSE reported ₹10,950, with movement of 6% and 64% attached to those lines. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is +4.8% on the day at ₹1,571.20, and has returned +7.8% over three months. It is trading close to its 52-week high, so expectations were already elevated going in. The banks sector has moved -2.8% over the same period, so ICICI Bank is running 10.6 points ahead of its peers.
For ICICI Bank, the question is how much of this is already reflected in the price and how much re-rates the banks peer set alongside it.
Why it matters
- Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
- With NSE involved, this carries a regulatory dimension that can outlast the immediate market reaction.
Market context
- In focus: ICICI Bank (ICICIBANK), in Banks.
- On the day, 2 of 2 are higher: ICICI Bank leads at +4.8% and Divi's Laboratories trails at +1.8%.
- Over three months: ICICI Bank +7.8% against Banks -2.8% (10.6 points ahead); Divi's Laboratories +23.6% against Pharma & Healthcare +1.4% (22.2 points ahead).
- Trading well above normal today: ICICI Bank at 2.7 times its 20-day average volume.
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| ICICI BankICICIBANK · Banks | ₹1,571.20 | +4.8% | +17.0% | +7.8% | 0.0% | 2.7× | — |
| Divi's LaboratoriesDIVISLAB · Pharma & Healthcare | ₹10,320.50 | +1.8% | +8.1% | +23.6% | 0.0% | 1.3× | — |
Banks
1M +2.0% · 3M -2.8%
ICICI Bank
Pharma & Healthcare
1M +3.0% · 3M +1.4%
Divi's Laboratories
Prices as of 6 Nov 2026, 16:11 IST. Sector moves are the average of the stocks we track in each sector.
In this story
Related coverage
Divi's Labs Q2 result: Net profit rises 64% to ₹1,127 cr on higher revenue
Muhurat Trading 2026: Tata Steel, Sun Pharma, BSE among top gainers as Nifty 50, Sensex swing between gains and losses
Muhurat Trading 2026 Highlights | Closing Bell: Sensex ends Muhurat Trading marginally lower, Nifty below 25,000; Divi's Labs surges 7%
How SBI is steadily catching up with HDFC Bank in the margin race
Muhurat Trading LIVE: GIFT Nifty signals muted open; Tata Steel, Divi's Labs shares in focus