3 ASX Stocks Jump Up to 15.3% as Profit Guidance, a New Share Issue and a Fund Exit Hit the Market

Highlights:

• Profit guidance: an engineering group expects about AU$1.7 billion in half-year revenue and net profit of AU$80 million to AU$85 million.

• New shares: a dual-listed company issued 63,377 fully paid ordinary shares after rights and stock units converted.

• Major seller: a global fund manager sold about 8.46 million shares in two days and is no longer a substantial holder.

Market Overview

Three ASX-listed companies drew attention on 10 November 2026, each trading sharply higher while fresh announcements hit the market. The updates covered earnings guidance, an equity issue and a large holder's exit, so here is a quick look at what each company told investors.

Stocks in Focus:

• Monadelphous Group Limited (ASX: MND) last traded at AU$32.630, up AU$4.330, or 15.300%, today.

• IperionX Limited (ASX: IPX) last traded at AU$2.470, up AU$0.320, or 14.883%, today.

• Elsight Limited (ASX: ELS) last traded at AU$1.585, up AU$0.135, or 9.310%, today.

Engineering Group Flags Strong Half-Year Earnings

In its business update dated 10 November 2026, Monadelphous said conditions have stayed strong through the first four months of the 2027 financial year. It has secured a further AU$830 million of new contracts since 1 July 2026. Higher revenue from integrated construction projects and a full six-month contribution from Kerman Contracting are driving growth. The company forecasts revenue of roughly AU$1.7 billion and net profit after tax between AU$80 million and AU$85 million for the half year to 31 December 2026, although activity should ease in the second half as current work finishes.

New Shares Issued After Conversions

IperionX filed a notice under section 708A of the Corporations Act on 5 November 2026, confirming it issued 63,377 fully paid ordinary shares. They came from 48,377 restricted stock units and 15,000 performance rights that converted on 4 November, with no cash paid. The company estimated the value at AU$2.19 per security. After quotation, it will have 362,303,540 ordinary shares on issue, and the new shares rank equally with existing ones.

Fidelity-Linked Holder Steps Below Threshold

A Form 605 dated 9 November 2026 shows FMR LLC ceased to be a substantial holder in Elsight on 5 November 2026. Sales on 4 and 5 November totalled about 8.46 million shares, priced at AU$1.6797 on the first day and mostly AU$1.5000 on the second. The attached annexure lists three Fidelity entities with relevant interests totalling 10,143,892 shares.

Final Takeaway

Together, the three updates show how company news and investor positioning can move share prices quickly. Readers should review the full ASX announcements before making any decisions.

Note: All data presented is based on information available at the time of writing.

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