< -5%

Sayaji Industri

Vistar Amar

-5% to -3%

GRM Overseas

Chaman Lal Seti

Continental See

Narmada Agrobas

KRBL

-3% to 0%

Arunjyoti Bio

NHC Foods

Himalaya Food 

SKM Egg Product

Regaal Resource

KLRF

Kohinoor Foods

Mishtann Foods

HOAC Foods

Arrowhead

0% to 3%

Tarai Foods

Guj Amb Exports

3% to 5%

Sunil Agro Food

The shares of Eternal tumbled 4 percent to close in the deep red on October 16, despite hitting an all-time high earlier during the day. This comes after the <a href="https://www.moneycontrol.com/india/stockpricequote/online-services/eternal/Z">parent-company of Zomato</a> released its results for the second quarter of FY26.

The shares saw strong volatility during the day. Immediately after the release of the results, the stock jumped 4 percent to hit a lifetime high of Rs 368.45 apiece. The stock then sharply declined 8 percent from that level to close at Rs 340.50 apiece.

Eternal Q2 Results:

Eternal reported a <a href="https://www.moneycontrol.com/news/business/earnings/eternal-q2-results-net-profit-falls-63-to-rs-65-crore-but-revenue-rises-183-shares-up-3-13619966.html">net profit of Rs 65 crore</a> for Q2 FY26. This marks a 63 percent YoY drop from the Rs 176 crore net profit reported in Q2 FY25. Revenue from operations however soared 183 percent YoY to Rs 13,590 crore. Expenses also surged 189 percent YoY to Rs 13,813 crore.

Here are the possible triggers behind the sharp decline in share price:

Slow food delivery growth rate likely in near term:

Zomato has seen a slower recovery growth that what was expected in Q2 FY26, said Eternal Founder Deepinder Goyal. He added that the firm expects a slow uptick in growth rate in the near term. "While we continue to work on inputs to the business (making restaurant food more accessible and affordable for customers), we are also constantly fighting multiple headwinds including soft discretionary consumption in general in India, the impact of quick commerce growth and increasingly volatile weather (extreme heat, extended rains), which continue to weigh on near term growth," he added.

The expectations of slower recovery growth and management hinting at softer discretionary consumption may have dampened investor sentiment.

Blinkit saw lower-than-expected reduction in losses:

Zomato's quick commerce arm Blinkit reported an EBITDA loss of Rs 156 crore in Q2 FY26, higher than the Rs 8 crore loss incurred during the same period last year, on account of the company’s rapid dark store expansion. On a sequential basis, however, the adjusted EBITDA loss was lower than Rs 162 crore recorded in Q1 FY26.

"While absolute losses decreased...the reduction in loss/ margin expansion was below our expectations," said Albinder Dhindsa, Founder of Blinkit. He said that this was largely driven by the firm's investments to drive higher growth and (NOV) market share in the quarter by passing on efficiency gains to customers, investment in higher marketing spends to acquire new customers, accelerated store network expansion and building capacity by expanding warehousing and supply chain.

"This does not change our long term outlook on margins, and we continue to build with a long-term view of the business. If we have to choose between high quality sustainable growth, and a short-term sacrifice of margins, we are in a position to choose the former given our strong balance sheet," he added.

GST reforms to impact food delivery charges:

Zomato said that the latest <a href="https://www.moneycontrol.com/news/business/startup/gst-on-delivery-charges-impacted-zomato-s-growth-says-eternal-cfo-akshant-goyal-13620197.html">GST reforms</a> which came into effect in India will push up food delivery charges. "18% GST is now applicable on the delivery charge paid by customers on food delivery orders. This impacts about 25% of our orders where delivery is not free (just to clarify, platform fee is already subject to 18% GST and does not get impacted by this change). This has had a slight negative impact on the growth of the business as we have passed on this tax burden to customers," said Akshant Goyal, CFO of Eternal.

He, however, noted that the reforms bear no impact on Blinkit's delivery charges. They in turn will reduce average GST on Blinkit's typical basket by approximately 3 percentage points, helping drive demand, he added.

Hyperpure revenue declines on shift to inventory ownership in quick commerce:

Hyperpure revenue declined 31 percent YoY and 55 percent QoQ to Rs 1,023 crore during the quarter under review. "The decline was on account of the shift to inventory ownership in quick commerce which led to a scale down in Hyperpure’s non-restaurant business in line with expectations (as mentioned in our last letter). Total Adjusted EBITDA loss was just Rs 5 crore in the quarter (vs Rs 18 crore loss in Q1FY26)," said Goyal.

"Adjusted Revenue grew 172% YoY (85% QoQ) to Rs 13,968 crore but this is not a like to like comparison since the business model in quick commerce has now moved to largely inventory ownership (vs marketplace earlier) where revenue now also includes the full monetary value of goods sold as per Ind AS (and not just the marketplace commission). Like-for-like Adjusted Revenue growth was 65% YoY (22% QoQ) after deducting cost of goods sold in case of own inventory sales in quick commerce and excluding the Revenue from Hyperpure’s non-restaurant business," he added.

Change in Blinkit's business model:

Blinkit is overhauling the way it works with sellers on its platform, shifting to a model where it will directly sell to customers and hold inventory on its books. The Zomato-owned quick commerce company came into effect from September 1, <a href="https://www.moneycontrol.com/news/business/startup/blinkit-revamps-seller-model-to-hold-inventory-and-sell-directly-to-customers-13271209.html">Moneycontrol</a> reported citing people familiar with the development.

Giving an update on the same, CFO Akshant Goyal said, "We have transitioned most of the business to own inventory model, barring a few categories where we don’t plan to own inventory as of now for various reasons. As a result, in Q2FY26 about 80% of the NOV was on our own inventory which is expected to go to a steady state number of about 90% in the next quarter. The transition was done smoothly without any disruption to the business. Kudos to the team for pulling this off in such a short order of time, during a quarter where we clocked our highest growth rate in the last ten quarters, and where we were struggling with incessant rains across the country for an extended period of time."

Eternal's change in Blinkit’s business model makes the overall financial performance incomparable with the past quarters as 73 percent of the current consolidated sales have moved to a new operational model, Informist reported. This not only affects Eternal's profits and depreciation costs, but the shift to inventory-based model from the earlier commission-based model factors in the own cost of goods in the revenue, which was not the case earlier, it added.

Also read: <a href="https://www.moneycontrol.com/news/business/earnings/q2-results-2025-live-updates-infosys-eternal-wipro-jio-financial-ltimindtree-nestle-indian-bank-waaree-energies-q2-earnings-dividend-share-price-oct-16-liveblog-13619290.html">Our LIVE blog on Q2 earnings</a>

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

Ownership, Material Conflicts of Interest and Disciplinary History

MCD is a wholly owned subsidiary of Network 18 Media & Investments Ltd ("Network18"), in which Independent Media Trust (IMT) holds 56.89% stake. Reliance Industries Limited ("RIL") is the sole beneficiary of IMT. Network18 and RIL and their subsidiaries, joint ventures and associates can be considered as associates of MCD.

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Use of Artificial Intelligence

Eternal Q2 Results: Five reasons why Zomato-parent’s shares fell 4% despite 183% jump in Q2 revenue

The shares of Eternal tumbled 4 percent to close in the deep red on October 16, despite hitting an all-time high earlier during the day. This comes after the parent-company of Zomato released its results for the second quarter of FY26.

The shares saw strong volatility during the day. Immediately after the release of the results, the stock jumped 4 percent to hit a lifetime high of Rs 368.45 apiece. The stock then sharply declined 8 percent from that level to close at Rs 340.50 apiece.

Eternal Q2 Results:

Eternal reported a net profit of Rs 65 crore for Q2 FY26. This marks a 63 percent YoY drop from the Rs 176 crore net profit reported in Q2 FY25. Revenue from operations however soared 183 percent YoY to Rs 13,590 crore. Expenses also surged 189 percent YoY to Rs 13,813 crore.

Here are the possible triggers behind the sharp decline in share price:

Slow food delivery growth rate likely in near term:

Zomato has seen a slower recovery growth that what was expected in Q2 FY26, said Eternal Founder Deepinder Goyal. He added that the firm expects a slow uptick in growth rate in the near term. &quot;While we continue to work on inputs to the business (making restaurant food more accessible and affordable for customers), we are also constantly fighting multiple headwinds including soft discretionary consumption in general in India, the impact of quick commerce growth and increasingly volatile weather (extreme heat, extended rains), which continue to weigh on near term growth,&quot; he added.

The expectations of slower recovery growth and management hinting at softer discretionary consumption may have dampened investor sentiment.

Blinkit saw lower-than-expected reduction in losses:

Zomato's quick commerce arm Blinkit reported an EBITDA loss of Rs 156 crore in Q2 FY26, higher than the Rs 8 crore loss incurred during the same period last year, on account of the company’s rapid dark store expansion. On a sequential basis, however, the adjusted EBITDA loss was lower than Rs 162 crore recorded in Q1 FY26.

&quot;While absolute losses decreased...the reduction in loss/ margin expansion was below our expectations,&quot; said Albinder Dhindsa, Founder of Blinkit. He said that this was largely driven by the firm's investments to drive higher growth and (NOV) market share in the quarter by passing on efficiency gains to customers, investment in higher marketing spends to acquire new customers, accelerated store network expansion and building capacity by expanding warehousing and supply chain.

&quot;This does not change our long term outlook on margins, and we continue to build with a long-term view of the business. If we have to choose between high quality sustainable growth, and a short-term sacrifice of margins, we are in a position to choose the former given our strong balance sheet,&quot; he added.

GST reforms to impact food delivery charges:

Zomato said that the latest GST reforms which came into effect in India will push up food delivery charges. &quot;18% GST is now applicable on the delivery charge paid by customers on food delivery orders. This impacts about 25% of our orders where delivery is not free (just to clarify, platform fee is already subject to 18% GST and does not get impacted by this change). This has had a slight negative impact on the growth of the business as we have passed on this tax burden to customers,&quot; said Akshant Goyal, CFO of Eternal.

He, however, noted that the reforms bear no impact on Blinkit's delivery charges. They in turn will reduce average GST on Blinkit's typical basket by approximately 3 percentage points, helping drive demand, he added.

Hyperpure revenue declines on shift to inventory ownership in quick commerce:

Hyperpure revenue declined 31 percent YoY and 55 percent QoQ to Rs 1,023 crore during the quarter under review. &quot;The decline was on account of the shift to inventory ownership in quick commerce which led to a scale down in Hyperpure’s non-restaurant business in line with expectations (as mentioned in our last letter). Total Adjusted EBITDA loss was just Rs 5 crore in the quarter (vs Rs 18 crore loss in Q1FY26),&quot; said Goyal.

&quot;Adjusted Revenue grew 172% YoY (85% QoQ) to Rs 13,968 crore but this is not a like to like comparison since the business model in quick commerce has now moved to largely inventory ownership (vs marketplace earlier) where revenue now also includes the full monetary value of goods sold as per Ind AS (and not just the marketplace commission). Like-for-like Adjusted Revenue growth was 65% YoY (22% QoQ) after deducting cost of goods sold in case of own inventory sales in quick commerce and excluding the Revenue from Hyperpure’s non-restaurant business,&quot; he added.

Change in Blinkit's business model:

Blinkit is overhauling the way it works with sellers on its platform, shifting to a model where it will directly sell to customers and hold inventory on its books. The Zomato-owned quick commerce company came into effect from September 1, Moneycontrol reported citing people familiar with the development.

Giving an update on the same, CFO Akshant Goyal said, &quot;We have transitioned most of the business to own inventory model, barring a few categories where we don’t plan to own inventory as of now for various reasons. As a result, in Q2FY26 about 80% of the NOV was on our own inventory which is expected to go to a steady state number of about 90% in the next quarter. The transition was done smoothly without any disruption to the business. Kudos to the team for pulling this off in such a short order of time, during a quarter where we clocked our highest growth rate in the last ten quarters, and where we were struggling with incessant rains across the country for an extended period of time.&quot;

Eternal's change in Blinkit’s business model makes the overall financial performance incomparable with the past quarters as 73 percent of the current consolidated sales have moved to a new operational model, Informist reported. This not only affects Eternal's profits and depreciation costs, but the shift to inventory-based model from the earlier commission-based model factors in the own cost of goods in the revenue, which was not the case earlier, it added.

Also read: Our LIVE blog on Q2 earnings

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

The shares of <a href="https://www.moneycontrol.com/india/stockpricequote/lifehealth-insurance/hdfclifeinsurancecompany/HSL01">HDFC Life Insurance Company</a> dropped around 5 percent to hit an intraday low of Rs 726 apiece on October 16 after the company released its results for the July-September quarter of the financial year 2026.

The company released its results for Q2 FY26 in the post market hours of October 15. The stock later recovered some losses and was trading over 2 percent lower at Rs 743.40, as seen at 1.50 pm on Thursday.

HDFC Life Q2 results:

HDFC Life Insurance Company reported a <a href="https://www.moneycontrol.com/news/business/earnings/hdfc-life-s-q2-fy26-profit-rises-3-to-rs-448-crore-total-premium-up-15-yoy-13618091.html">3 percent year-on-year increase in consolidated net profit</a> to Rs 448 crore for the quarter ended September 2025, as against the Rs 435 crore net profit reported in the same period last year.

The insurer's total premium income rose 15 percent year-on-year to Rs 34,162 crore, driven by growth across both new business and renewal segments. New business premium grew 12 percent to Rs 16,222 crore, while renewal premium surged 18 percent to Rs 17,940 crore. HDFC Life's Assets Under Management (AUM) stood at Rs 5 lakh crore during the quarter under review, rising 11 percent year-on-year to Rs 3,59,999 crore.

Should you buy, sell or hold?

Jefferies kept a 'Buy' call on the stock, with a target price of Rs 930 per share. This implies an upside potential of more than 22 percent over the stock's previous closing price. The brokerage said that Q2 VNB rose 8 percent YoY, slightly ahead of estimates with better margin.

Growth expected to improve from December quarter as base normalizes, buy margins will likely dip slightly in H2FY26 due to GST impact before normalising from FY27.

CLSA kept an 'Outperform' call on the stock, with a target price of Rs 910 per share. This implies an upside potential of nearly 20 percent from the stock’s previous closing price.

PL Capital also held a 'Buy' call on the stock, with a target price of Rs 900 per share. This implies an upside potential of more than 18 percent from the stock's previous closing price. The domestic brokerage expects FY26E margin to trend lower at 24 percent. However strong growth in retail protection volume and improved margin profile in ULIP is likely to offset some of the drag. "While we have trimmed our VNB margin estimates for FY26/FY27E, we remain confident of delivery on growth," it added.

Also read: <a href="https://www.moneycontrol.com/news/business/earnings/q2-results-2025-live-updates-infosys-eternal-wipro-jio-financial-ltimindtree-nestle-indian-bank-waaree-energies-q2-earnings-dividend-share-price-oct-16-liveblog-13619290.html">Our LIVE blog on stock market updates</a>

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

HDFC Life shares drop 5% after Q2 results: Should you buy, sell or hold?

The shares of HDFC Life Insurance Company dropped around 5 percent to hit an intraday low of Rs 726 apiece on October 16 after the company released its results for the July-September quarter of the financial year 2026.

The company released its results for Q2 FY26 in the post market hours of October 15. The stock later recovered some losses and was trading over 2 percent lower at Rs 743.40, as seen at 1.50 pm on Thursday.

HDFC Life Q2 results:

HDFC Life Insurance Company reported a 3 percent year-on-year increase in consolidated net profit to Rs 448 crore for the quarter ended September 2025, as against the Rs 435 crore net profit reported in the same period last year.

The insurer's total premium income rose 15 percent year-on-year to Rs 34,162 crore, driven by growth across both new business and renewal segments. New business premium grew 12 percent to Rs 16,222 crore, while renewal premium surged 18 percent to Rs 17,940 crore. HDFC Life's Assets Under Management (AUM) stood at Rs 5 lakh crore during the quarter under review, rising 11 percent year-on-year to Rs 3,59,999 crore.

Should you buy, sell or hold?

Jefferies kept a 'Buy' call on the stock, with a target price of Rs 930 per share. This implies an upside potential of more than 22 percent over the stock's previous closing price. The brokerage said that Q2 VNB rose 8 percent YoY, slightly ahead of estimates with better margin.

Growth expected to improve from December quarter as base normalizes, buy margins will likely dip slightly in H2FY26 due to GST impact before normalising from FY27.

CLSA kept an 'Outperform' call on the stock, with a target price of Rs 910 per share. This implies an upside potential of nearly 20 percent from the stock’s previous closing price.

PL Capital also held a 'Buy' call on the stock, with a target price of Rs 900 per share. This implies an upside potential of more than 18 percent from the stock's previous closing price. The domestic brokerage expects FY26E margin to trend lower at 24 percent. However strong growth in retail protection volume and improved margin profile in ULIP is likely to offset some of the drag. &quot;While we have trimmed our VNB margin estimates for FY26/FY27E, we remain confident of delivery on growth,&quot; it added.

Also read: Our LIVE blog on stock market updates

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

The newly-listed shares of <a href="https://www.moneycontrol.com/india/stockpricequote/finance-nbfc/hdbfinancialservices/HFSL">HDB Financial</a> fell more than 1 percent on October 16 after the company released its results for the July-September quarter of the financial year 2026.

The shares of the subsidiary of private lender HDFC Bank, hit a day's low at Rs 733.25 apiece on Thursday. The stock, which debuted on stock markets in July, has now fallen more than 12 percent since listing.

HDB Financial Q2 results:

HDB Financial Services reported a <a href="https://www.moneycontrol.com/news/business/earnings/hdb-financial-services-q2-results-net-profit-falls-1-5-to-rs-581-crore-nbfc-declares-rs-2-interim-dividend-13618243.html">1.5 percent decline in net profit</a> at Rs 581 crore for the quarter under review, hurt by higher loan losses and provisions. The NBFC had reported net profit of Rs 591 crore in the year-ago period.

The firm's revenue rose 13 percent YoY to Rs 4,545 crore in Q2 FY26, as against Rs 4,007 crore in the year-ago period. The newly-listed company also announced an interim dividend of Rs 2 per share for FY26. It has set October 24 as the record date to determine the eligibility of the shareholders set to receive the payment.

Should you buy, sell or hold?

Morgan Stanley kept an equal-weight call on the stock, with a target price of Rs 805 per share. This implies an upside potential of more than 8 percent from the stock’s previous closing price. The brokerage raised FY26 EPS estimate by 4 percent, but cut FY27 and FY28 EPS estimates by 0.4 percent and 3 percent, respectively.

Jefferies kept a ‘Buy’ call on the stock, with a target price of Rs 900 per share. This implies an upside potential of more than 21 percent from the stock’s previous closing price.

The international brokerage said that the firm's Q2 profit after tax missed estimates. AUM growth moderated to 13 percent YoY, while net interest margin (NIM) rose 20 bps QoQ. Asset quality slipped QoQ due to higher CV portfolio stress, it added.

Growth and asset quality are expected to improve in the second half of FY26 due to GST cuts and activity normalization, Jefferies said.

Also read: <a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-sensex-nifty-50-share-price-gift-nifty-latest-updates-16-10-2025-liveblog-13618831.html">Our LIVE blog on stock market updates</a>

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

HDB Financial shares fall 1% after Q2 results: Should you buy, sell or hold?

The newly-listed shares of HDB Financial fell more than 1 percent on October 16 after the company released its results for the July-September quarter of the financial year 2026.

The shares of the subsidiary of private lender HDFC Bank, hit a day's low at Rs 733.25 apiece on Thursday. The stock, which debuted on stock markets in July, has now fallen more than 12 percent since listing.

HDB Financial Q2 results:

HDB Financial Services reported a 1.5 percent decline in net profit at Rs 581 crore for the quarter under review, hurt by higher loan losses and provisions. The NBFC had reported net profit of Rs 591 crore in the year-ago period.

The firm's revenue rose 13 percent YoY to Rs 4,545 crore in Q2 FY26, as against Rs 4,007 crore in the year-ago period. The newly-listed company also announced an interim dividend of Rs 2 per share for FY26. It has set October 24 as the record date to determine the eligibility of the shareholders set to receive the payment.

Should you buy, sell or hold?

Morgan Stanley kept an equal-weight call on the stock, with a target price of Rs 805 per share. This implies an upside potential of more than 8 percent from the stock’s previous closing price. The brokerage raised FY26 EPS estimate by 4 percent, but cut FY27 and FY28 EPS estimates by 0.4 percent and 3 percent, respectively.

Jefferies kept a ‘Buy’ call on the stock, with a target price of Rs 900 per share. This implies an upside potential of more than 21 percent from the stock’s previous closing price.

The international brokerage said that the firm's Q2 profit after tax missed estimates. AUM growth moderated to 13 percent YoY, while net interest margin (NIM) rose 20 bps QoQ. Asset quality slipped QoQ due to higher CV portfolio stress, it added.

Growth and asset quality are expected to improve in the second half of FY26 due to GST cuts and activity normalization, Jefferies said.

Also read: Our LIVE blog on stock market updates

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

The shares of <a href="https://www.moneycontrol.com/india/stockpricequote/finance-investments/hdfcassetmanagementcompany/HAM02">HDFC Asset Management Company</a> jumped nearly 3 percent to hit a record high on October 16 after brokerages issued positive notes following its Q2 earnings and bonus issue announcement.

The shares hit a fresh 52-week high of Rs 5,934.5 apiece on Thursday. The stock then erased gains to trade in the red with marginal losses.

HDFC AMC Q2 results:

HDFC Asset Management Company reported a net profit of Rs 718.43 crore for the second quarter of the financial year 2026. This marks a rise of nearly 25 percent year-on-year (YoY) from the Rs 576.61 crore net profit reported in the same period last year.

The firm’s revenue from operations meanwhile rose around 16 percent YoY to Rs 1,027.40 crore during the quarter under review. It had earlier reported revenue from operations at Rs 887.21 crore in the corresponding quarter of the previous financial year.

The firm's assets under management (AUM) rose 14 percent on-year to Rs 8.73 lakh crore by the end of Q2 FY26. Its number of live individual accounts meanwhile rose 26 percent YoY to 25.94 million.

HDFC AMC Bonus issue:

Along with the Q2 FY26 results, HDFC AMC announced a <a href="https://www.moneycontrol.com/news/business/markets/hdfc-amc-announces-its-first-ever-bonus-issue-what-it-means-for-shareholders-13618061.html">bonus issue in the ratio of 1:1</a>. Notably, this is the first-ever bonus issue announced by the company. The record date to determine the eligibility of the shareholders set to receive the payment has been set at November 26.

This means that shareholders owning shares of the company as on the record date, will get one bonus share for every share they hold.

Should you buy, sell or hold?

HSBC has a 'Hold' call on the stock, with a target price of Rs 4,920 per share. This implies a downside potential of nearly 15 percent from the stock's previous closing price of Rs 5,764 apiece.

The brokerage noted that the <a href="https://www.moneycontrol.com/news/business/earnings/hdfc-amc-q2-results-net-profit-rises-25-to-rs-718-crore-firm-announces-1-1-bonus-issue-13617990.html">Q2 FY26 operating performance</a> was largely in line with estimates. Higher treasury gains and tax write-back led to profit after tax beating estimates. Buoyant markets and AUM market share gains are key catalysts, it added.

Motilal Oswal raised the target price on the stock to Rs 6,800 per share from Rs 5,764 per share, while maintaining its 'Buy' call on the stock. The latest target price implies an upside potential of nearly 18 percent from the stock's previous closing price.

Motilal said that with improved market position, diversified product portfolio and digital expansion efforts, the company is well positioned to sustain growth and deliver value to stakeholders.

Nuvama also maintained its 'Buy' call on the stock, while raising its target price to Rs 7,200 per share from Rs 6,530 per share. The latest target price implies an upside potential of nearly 25 percent from the stock’s previous closing price.

CLSA meanwhile said that flows and profitability remain intact. It raised PAT estimates by 2 percent-5 percent, driven by higher AUM growth. The international brokerage increased its target price for the stock to Rs 6,000 apiece, from Rs 5,670 apiece. This implies an upside potential of more than 4 percent from its previous closing price.

Also read: <a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-sensex-nifty-50-share-price-gift-nifty-latest-updates-16-10-2025-liveblog-13618831.html">Our LIVE blog on stock market updates</a>

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

HDFC AMC shares hit record high on positive brokerage notes post Q2 results: Should you buy, sell or hold?

The shares of HDFC Asset Management Company jumped nearly 3 percent to hit a record high on October 16 after brokerages issued positive notes following its Q2 earnings and bonus issue announcement.

The shares hit a fresh 52-week high of Rs 5,934.5 apiece on Thursday. The stock then erased gains to trade in the red with marginal losses.

HDFC AMC Q2 results:

HDFC Asset Management Company reported a net profit of Rs 718.43 crore for the second quarter of the financial year 2026. This marks a rise of nearly 25 percent year-on-year (YoY) from the Rs 576.61 crore net profit reported in the same period last year.

The firm’s revenue from operations meanwhile rose around 16 percent YoY to Rs 1,027.40 crore during the quarter under review. It had earlier reported revenue from operations at Rs 887.21 crore in the corresponding quarter of the previous financial year.

The firm's assets under management (AUM) rose 14 percent on-year to Rs 8.73 lakh crore by the end of Q2 FY26. Its number of live individual accounts meanwhile rose 26 percent YoY to 25.94 million.

HDFC AMC Bonus issue:

Along with the Q2 FY26 results, HDFC AMC announced a bonus issue in the ratio of 1:1. Notably, this is the first-ever bonus issue announced by the company. The record date to determine the eligibility of the shareholders set to receive the payment has been set at November 26.

This means that shareholders owning shares of the company as on the record date, will get one bonus share for every share they hold.

Should you buy, sell or hold?

HSBC has a 'Hold' call on the stock, with a target price of Rs 4,920 per share. This implies a downside potential of nearly 15 percent from the stock's previous closing price of Rs 5,764 apiece.

The brokerage noted that the Q2 FY26 operating performance was largely in line with estimates. Higher treasury gains and tax write-back led to profit after tax beating estimates. Buoyant markets and AUM market share gains are key catalysts, it added.

Motilal Oswal raised the target price on the stock to Rs 6,800 per share from Rs 5,764 per share, while maintaining its 'Buy' call on the stock. The latest target price implies an upside potential of nearly 18 percent from the stock's previous closing price.

Motilal said that with improved market position, diversified product portfolio and digital expansion efforts, the company is well positioned to sustain growth and deliver value to stakeholders.

Nuvama also maintained its 'Buy' call on the stock, while raising its target price to Rs 7,200 per share from Rs 6,530 per share. The latest target price implies an upside potential of nearly 25 percent from the stock’s previous closing price.

CLSA meanwhile said that flows and profitability remain intact. It raised PAT estimates by 2 percent-5 percent, driven by higher AUM growth. The international brokerage increased its target price for the stock to Rs 6,000 apiece, from Rs 5,670 apiece. This implies an upside potential of more than 4 percent from its previous closing price.

Also read: Our LIVE blog on stock market updates

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

Axis Bank shares rose over 4 percent on Thursday after the lender reported improved asset quality in its September quarter results, helping the Bank Nifty index climb past the 57,200 mark.

The stock rose 4.04 percent to an intraday high of Rs 1,216.90 on the NSE, after opening with a 4 percent gain. The rise came after two consecutive sessions of decline.

According to data compiled by LSEG, at least eight of the 40 brokerages tracking <a href="https://www.moneycontrol.com/india/stockpricequote/banks-private-sector/axisbank/AB16">Axis Bank</a> raised their price targets following the results.

"Improvements have been substantial, including credit cost decline and better-than-estimated net interest margin resilience," analysts at HSBC said in a note.

HSBC raised its target price on the stock to Rs 1,460 from Rs 1,340. Jefferies also increased its price target to Rs 1,430 from Rs 1,370 and retained its “buy” rating.

Axis Bank on Wednesday reported a sharper-than-expected drop in quarterly profit, but total deposits grew 11 percent year-on-year and credit costs declined.

Its net interest margin fell to 3.73 percent from 3.8 percent in the previous quarter and 3.99 percent in the year-ago period. Jefferies had expected a 20-basis-point sequential decline in margins, while the bank reported a 7-basis-point fall, which analysts viewed as a positive sign.

The Bank Nifty index recovered from previous day losses to trade above 57,000, with analysts at Choice Broking identifying resistance at 57,100–57,200. Analysts have given a target of 57,500 for the bank Nifty index.

Axis Bank was the top gainer on the index, followed by <a href="https://www.moneycontrol.com/india/stockpricequote/banks-private-sector/kotakmahindrabank/KMB">Kotak Mahindra Bank</a>, which rose up to 2 percent intraday. Punjab National Bank, HDFC Bank, ICICI Bank and IndusInd Bank were also among the gainers.

Investor sentiment in the banking space was further supported by <a href="https://www.moneycontrol.com/news/business/economy/govt-draws-up-mega-bank-merger-plan-smaller-lenders-to-be-clubbed-with-big-banks-by-fy27-13617103.html" target="_blank">reports of a potential public sector bank consolidation</a>, with government sources indicating that the Centre is working on a merger plan to combine smaller lenders with larger state-run banks.

(Inputs from Reuters)

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

A financial journalist with over 10 years of experience, specialising in tracking stock market movements and fundamental developments that impact investors and the broader economy. A keen observer of global financial markets, I regularly engage with leading market voices to write stories. At Moneycontrol, I focus on decoding market trends, policy shifts and economic changes, driven by a constant passion to learn, analyse, and share knowledge with my readers.

Axis Bank Q2 results propel Bank Nifty past 57,200; analysts say 57,500 is next resistance

Axis Bank shares rose over 4 percent on Thursday after the lender reported improved asset quality in its September quarter results, helping the Bank Nifty index climb past the 57,200 mark.

The stock rose 4.04 percent to an intraday high of Rs 1,216.90 on the NSE, after opening with a 4 percent gain. The rise came after two consecutive sessions of decline.

According to data compiled by LSEG, at least eight of the 40 brokerages tracking Axis Bank raised their price targets following the results.

&quot;Improvements have been substantial, including credit cost decline and better-than-estimated net interest margin resilience,&quot; analysts at HSBC said in a note.

HSBC raised its target price on the stock to Rs 1,460 from Rs 1,340. Jefferies also increased its price target to Rs 1,430 from Rs 1,370 and retained its “buy” rating.

Axis Bank on Wednesday reported a sharper-than-expected drop in quarterly profit, but total deposits grew 11 percent year-on-year and credit costs declined.

Its net interest margin fell to 3.73 percent from 3.8 percent in the previous quarter and 3.99 percent in the year-ago period. Jefferies had expected a 20-basis-point sequential decline in margins, while the bank reported a 7-basis-point fall, which analysts viewed as a positive sign.

The Bank Nifty index recovered from previous day losses to trade above 57,000, with analysts at Choice Broking identifying resistance at 57,100–57,200. Analysts have given a target of 57,500 for the bank Nifty index.

Axis Bank was the top gainer on the index, followed by Kotak Mahindra Bank, which rose up to 2 percent intraday. Punjab National Bank, HDFC Bank, ICICI Bank and IndusInd Bank were also among the gainers.

Investor sentiment in the banking space was further supported by reports of a potential public sector bank consolidation, with government sources indicating that the Centre is working on a merger plan to combine smaller lenders with larger state-run banks.

(Inputs from Reuters)

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

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Food Processing Industry StocksCheck latest stock performance, list of stocks, earnings review & more details about the Food Processing industry stocks.

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Axis Bank Q2 results propel Bank Nifty past 57,200; analysts say 57,500 is next resistance

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Check latest stock performance, list of stocks, earnings review & more details about the Food Processing industry stocks.