Axiscades Tech

< -5%

-5% to -3%

Azad Eng

Sika Interplant

SpiceJet

Jaykay Ent

Rossell Techsys

-3% to 0%

Data Patterns

TAAL Enterprise

NIBE

Bharat Elec

Apollo Micro Sy

MTAR

Interglobe Avi

Hindustan Aeron

Bharat Dynamics

Unimech Aerospa

0% to 3%

Flysbs Aviation

Taneja Aerospac

3% to 5%

Global Vectra

C2C Advanced

Let's catch up on the latest news from the stock market. From significant investments to major deals, quarterly earnings, appointments, and order wins, here’s a quick look at which stocks will be in focus in today's trade:

<a href="https://www.moneycontrol.com/markets/earnings/" target="_blank">Results Today</a>

Reliance Industries, JSW Steel, JSW Energy, 360 ONE WAM, Atul, AU Small Finance Bank, Bajaj Healthcare, Bank of India, Ceat, Central Bank of India, CESC, CRISIL, Dalmia Bharat, DCB Bank, Dixon Technologies, Havells India, Hindustan Zinc, India Cements, IndiaMART InterMESH, Jindal Saw, Jana Small Finance Bank, L&amp;T Technology Services, Oracle Financial Services Software, Polycab India, Poonawalla Fincorp, PVR Inox, REC, Shoppers Stop, Sobha, Solarworld Energy Solutions, Sterling and Wilson Renewable Energy, Tanla Platforms, Tata Technologies, Tejas Networks, TTK Healthcare, UCO Bank, and Ujjivan Small Finance Bank will announce their quarterly earnings today.

<a href="https://www.moneycontrol.com/markets/earnings/" target="_blank">Results on October 18</a>

HDFC Bank, ICICI Bank, UltraTech Cement, Punjab National Bank, RBL Bank, IDBI Bank, IDFC First Bank, IndusInd Bank, Jammu &amp; Kashmir Bank, Federal Bank, Agi Greenpac, Anand Rathi Share And Stock Brokers, Can Fin Homes, Jaro Institute of Technology Management and Research, Jaiprakash Power Ventures, SML Isuzu, UTI Asset Management Company, and Yes Bank will release their quarterly results on October 18.

<a href="https://www.moneycontrol.com/markets/earnings/" target="_blank">Quarterly Earnings</a>

<a href="https://www.moneycontrol.com/india/stockpricequote/computers-software/infosys/IT" target="_blank">Infosys</a> Q2 (Consolidated YoY)

Profit grows 13.2% to Rs 7,364 crore Vs Rs 6,506 crore

Revenue in rupee terms jumps 8.6% to Rs 44,490 crore Vs Rs 40,986 crore

EBIT rises 8.1% to Rs 9,353 crore Vs Rs 8,649 crore

Margin falls 10 bps to 21% Vs 21.1%

Revenue in dollar terms increases 3.7% to $5,076 million Vs $4,894 million

Company announces interim dividend of Rs 23 per share

FY26 Guidance: Infosys sees revenue growth of 2-3% in constant currency, and operating margin of 20-22%

<a href="https://www.moneycontrol.com/india/stockpricequote/computers-software/wipro/W" target="_blank">Wipro</a> Q2 (Consolidated YoY)

Profit increases 1.2% to Rs 3,246.2 crore Vs Rs 3,208.8 crore

Revenue grows 1.8% to Rs 22,697.3 crore Vs Rs 22,301.6 crore

IT services revenue soars 2% to Rs 22,640.5 crore Vs Rs 22,195.7 crore

IT services EBIT rises 1.3% to Rs 3,780.9 crore Vs Rs 3,732.2 crore

IT services EBIT margin drops to 16.7% Vs 16.81%

Guidance: Wipro expects IT services revenue in $2,591-2,644 million in Q3

<a href="https://www.moneycontrol.com/india/stockpricequote/finance-others/jiofinancialservices/JFS" target="_blank">Jio Financial Services</a> Q2 (Consolidated YoY)

Profit increases 0.9% to Rs 695.04 crore Vs Rs 689.07 crore

Revenue soars 41.5% to Rs 981.39 crore Vs Rs 693.5 crore

Assets under management (AUM) of the NBFC zooms to Rs.14,712 crore Vs Rs 1,206 crore

Pre-provisioning operating profit rises to Rs 579 crore Vs Rs 552 crore

<a href="https://www.moneycontrol.com/india/stockpricequote/computers-software/ltimindtree/LI12" target="_blank">LTIMindtree</a> Q2 (Consolidated YoY)

Profit jumps 10.4% to Rs 1,381.2 crore Vs Rs 1,251.6 crore

Revenue grows 10.2% to Rs 10,394.3 crore Vs Rs 9,432.9 crore

EBIT increases 13% to Rs 1,648.1 crore Vs Rs 1,458.2 crore

Margin expands 40 bps to 15.9% Vs 15.5%

Revenue in dollar terms soars 4.8% to $1,180.1 million Vs $1,126.6 million

Company declares interim dividend of Rs 22 per equity share

<a href="https://www.moneycontrol.com/india/stockpricequote/infrastructure/jswinfrastructure/JIL01" target="_blank">JSW Infrastructure</a> Q2 (Consolidated YoY)

Profit falls 2.8% to Rs 361.2 crore Vs Rs 371.5 crore

Revenue jumps 26.4% to Rs 1,265.7 crore Vs Rs 1,001.4 crore

<a href="https://www.moneycontrol.com/india/stockpricequote/computers-software/cyient/IE07" target="_blank">Cyient</a> Q2 (Consolidated YoY)

Profit tanks 28.8% to Rs 127.5 crore Vs Rs 179.1 crore

Revenue drops 3.7% to Rs 1,781 crore Vs Rs 1,849.1 crore

Company declares interim dividend of Rs 16 per share

<a href="https://www.moneycontrol.com/india/stockpricequote/electric-equipment/vikramsolar/VSL04" target="_blank">Vikram Solar</a> Q2 (Consolidated YoY)

Profit spikes 1,646.5% to Rs 128.5 crore Vs Rs 7.4 crore

Revenue grows 93.7% to Rs 1,109.9 crore Vs Rs 572.9 crore

<a href="https://www.moneycontrol.com/india/stockpricequote/footwear/metrobrands/MB06" target="_blank">Metro Brands</a> Q2 (Consolidated YoY)

Profit falls 3.9% to Rs 69 crore Vs Rs 71.8 crore

Revenue rises 11.2% to Rs 651.1 crore Vs Rs 585.5 crore

<a href="https://www.moneycontrol.com/india/stockpricequote/auto-ancillaries-castingsforgings/cieautomotiveindia/MF19" target="_blank">CIE Automotive India</a> Q2 (Consolidated YoY)

Profit soars 9.6% to Rs 213.9 crore Vs Rs 195.2 crore

Revenue increases 11.1% to Rs 2,371.8 crore Vs Rs 2,134.6 crore

<a href="https://www.moneycontrol.com/india/stockpricequote/banks-public-sector/punjabsindbank/PSB" target="_blank">Punjab &amp; Sind Bank</a> Q2 (YoY)

Profit zooms 22.9% to Rs 294.5 crore Vs Rs 239.6 crore

Net interest income rises 8.8% to Rs 950 crore Vs Rs 872.9 crore

Gross NPA falls to 2.92% Vs 3.34% (QoQ)

Net NPA drops to 0.83% Vs 0.91% (QoQ)

Board approves raising capital up to Rs 5,000 crore in one or more tranches by March 2027 via equity and bonds

Board approves raising funds of Rs 3,000 crore via Long Term Infrastructure Bonds in one or more tranches by March 2027

<a href="https://www.moneycontrol.com/india/stockpricequote/pesticidesagro-chemicals/rallisindia/RI03" target="_blank">Rallis India</a> Q2 (YoY)

Profit increases 4.1% to Rs 102 crore Vs Rs 98 crore

Revenue falls 7.2% to Rs 861 crore Vs Rs 928 crore

<a href="https://www.moneycontrol.com/india/stockpricequote/constructioncontracting-real-estate/sunteckrealty/SR05" target="_blank">Sunteck Realty</a> Q2 (Consolidated YoY)

Profit spikes 41.4% to Rs 49 crore Vs Rs 34.6 crore

Revenue zooms 49.3% to Rs 252.4 crore Vs Rs 169 crore

<a href="https://www.moneycontrol.com/india/stockpricequote/finance-investments/pnbgilts/PNB04" target="_blank">PNB Gilts</a> Q2 (YoY)

Loss stands at Rs 45.35 crore Vs profit of Rs 114.7 crore

Revenue falls 11.5% to Rs 443.4 crore Vs Rs 500.8 crore

Stocks to Watch

<a href="https://www.moneycontrol.com/india/stockpricequote/hospitalsmedical-services/fortishealthcare/FH" target="_blank">Fortis Healthcare</a>

IHH Healthcare Berhad has announced an open offer for the acquisition of up to a 26.10% stake in Fortis Healthcare, and a 26.11% stake in Fortis Malar Hospitals.

<a href="https://www.moneycontrol.com/india/stockpricequote/pharmaceuticals/biocon/BL03" target="_blank">Biocon</a>

Biocon’s subsidiary, Biocon Biologics, has expanded its partnership with Civica Inc. to launch a private-label insulin Glargine for diabetes treatment in the United States.

<a href="https://www.moneycontrol.com/india/stockpricequote/power-generationdistribution/jswenergy/JE01" target="_blank">JSW Energy</a>

The company’s subsidiary, JSW Energy (Utkal), has received a Letter of Award from Power Company of Karnataka for a 400 MW, 25-year power supply agreement, starting from April 1, 2026. The required coal will be procured from Coal India under the SHAKTI Scheme 2017.

<a href="https://www.moneycontrol.com/india/stockpricequote/personal-care/godrejindustries/GI23" target="_blank">Godrej Industries</a>

The company has made a further investment of Rs 409 crore in its subsidiary Godrej Capital. As a result, it now holds a 91.11% stake in the subsidiary.

<a href="https://www.moneycontrol.com/india/stockpricequote/infrastructure-general/beml/BEM03" target="_blank">BEML</a>

BEML has entered into a Memorandum of Understanding (MoU) with Kineco for collaboration in the field of advanced composite manufacturing for aerospace and defence applications.

<a href="https://www.moneycontrol.com/india/stockpricequote/hospitalhealthcare-services/sanoficonsumerhealthcareindia/SCH" target="_blank">Sanofi Consumer Healthcare India</a>

The Board has approved the appointment of Richard D’souza as the Chief Financial Officer (CFO) of the company, effective October 16.

Bulk Deals

<a href="https://www.moneycontrol.com/india/stockpricequote/pharmaceuticalsdrugs/rubiconresearch/RRL04" target="_blank">Rubicon Research</a>

Nomura Funds Ireland Plc, through Nomura Funds Ireland India Equity Fund, has acquired 16.5 lakh shares (representing a 1 percent stake) in Rubicon Research at Rs 616.31 per share, amounting to a total value of Rs 101.69 crore.

<a href="https://www.moneycontrol.com/india/stockpricequote/finance-investment/canararobecoassetmanagementcompany/CRAMCL" target="_blank">Canara Robeco AMC</a>

Negen Capital Services, founded by Neil Bahal, has acquired 10.9 lakh shares at Rs 281.79 per share, for a total investment of Rs 30.7 crore.

<a href="https://www.moneycontrol.com/india/stockpricequote/automobile-dealersdistributors/cartradetech/CT12" target="_blank">Cartrade Tech</a>

Plutus Wealth Management LLP bought 3.75 lakh shares (representing a 0.78% stake) in CarTrade Tech at Rs 2,454.98 per share, totaling Rs 92.06 crore.

However, Oxbow Master Fund reduced its stake in the multi-channel auto platform by selling 2.84 lakh shares at Rs 2,445.08 per share, amounting to Rs 69.48 crore.

As of June 2025, Oxbow Capital Management (HK)-backed Oxbow Master Fund had held a 2.82% stake (equivalent to 13.36 lakh shares) in CarTrade Tech.

<a href="https://www.moneycontrol.com/india/stockpricequote/software/cmsinfosystems/CIS03" target="_blank">CMS Info Systems</a>

PPFAS Mutual Fund acquired 20 lakh shares (representing a 1.21% stake) at Rs 358 per share, for a total of Rs 71.6 crore.

However, WF Asian Reconnaissance Fund, managed by Ward Ferry Management, sold 26.9 lakh shares (1.63% stake) at Rs 358.01 per share, for Rs 96.3 crore. This sale is against the fund’s 3.14% stake (51.62 lakh shares) held as of September 2025.

<a href="https://www.moneycontrol.com/india/stockpricequote/construction-infrastructure/irbinvit/II04" target="_blank">IRB InvIT Fund</a>

L&amp;T Technology Services purchased 72.37 lakh units at Rs 60.40 per unit for Rs 43.71 crore, while Larsen &amp; Toubro acquired 4.41 crore units at Rs 60.24 per unit for Rs 266.19 crore. Together, they acquired an 8.85% stake in the IRB InvIT Fund.

However, Alpha Alternatives MSAR LLP, Kotak Mahindra Bank, Trust Investment Advisors, and Athena Enhanced Equity Fund collectively sold 8.23 crore units (representing a 14.19% stake) for Rs 505.11 crore.

Mainboard Listing

Canara HSBC Life Insurance Company

SME Listing

SK Minerals &amp; Additives
Sihora Industries
Shlokka Dyes

Stocks Trade Ex-Dividend

HCL Technologies
Anand Rathi Wealth
PlatinumOne Business Services

Stock Trades Ex-Date for Consolidation of Shares

Synthiko Foils

Stocks Trade Ex-Date for Split

A B Infrabuild
Narmada Macplast Drip Irrigation Systems
Rolex Rings
Sunrakshakk Industries India

Stock in F&amp;O ban

Sammaan Capital

Disclaimer: MoneyControl is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

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.

Details of Associate

Receipt of Compensation

Third-Party Compensation

Employment History

Market-Making Activities

Use of Artificial Intelligence

Stocks to Watch Today: Canara HSBC Life, Infosys, Vikram Solar, Wipro, Jio Financial, Sunteck Realty, Biocon, JSW Energy, BEML, LTIMindtree in focus on 17 October

Let's catch up on the latest news from the stock market. From significant investments to major deals, quarterly earnings, appointments, and order wins, here’s a quick look at which stocks will be in focus in today's trade:

Results Today

Reliance Industries, JSW Steel, JSW Energy, 360 ONE WAM, Atul, AU Small Finance Bank, Bajaj Healthcare, Bank of India, Ceat, Central Bank of India, CESC, CRISIL, Dalmia Bharat, DCB Bank, Dixon Technologies, Havells India, Hindustan Zinc, India Cements, IndiaMART InterMESH, Jindal Saw, Jana Small Finance Bank, L&amp;amp;T Technology Services, Oracle Financial Services Software, Polycab India, Poonawalla Fincorp, PVR Inox, REC, Shoppers Stop, Sobha, Solarworld Energy Solutions, Sterling and Wilson Renewable Energy, Tanla Platforms, Tata Technologies, Tejas Networks, TTK Healthcare, UCO Bank, and Ujjivan Small Finance Bank will announce their quarterly earnings today.

Results on October 18

HDFC Bank, ICICI Bank, UltraTech Cement, Punjab National Bank, RBL Bank, IDBI Bank, IDFC First Bank, IndusInd Bank, Jammu &amp;amp; Kashmir Bank, Federal Bank, Agi Greenpac, Anand Rathi Share And Stock Brokers, Can Fin Homes, Jaro Institute of Technology Management and Research, Jaiprakash Power Ventures, SML Isuzu, UTI Asset Management Company, and Yes Bank will release their quarterly results on October 18.

Quarterly Earnings

Infosys Q2 (Consolidated YoY)

Profit grows 13.2% to Rs 7,364 crore Vs Rs 6,506 crore

Revenue in rupee terms jumps 8.6% to Rs 44,490 crore Vs Rs 40,986 crore

EBIT rises 8.1% to Rs 9,353 crore Vs Rs 8,649 crore

Margin falls 10 bps to 21% Vs 21.1%

Revenue in dollar terms increases 3.7% to $5,076 million Vs $4,894 million

Company announces interim dividend of Rs 23 per share

FY26 Guidance: Infosys sees revenue growth of 2-3% in constant currency, and operating margin of 20-22%

Wipro Q2 (Consolidated YoY)

Profit increases 1.2% to Rs 3,246.2 crore Vs Rs 3,208.8 crore

Revenue grows 1.8% to Rs 22,697.3 crore Vs Rs 22,301.6 crore

IT services revenue soars 2% to Rs 22,640.5 crore Vs Rs 22,195.7 crore

IT services EBIT rises 1.3% to Rs 3,780.9 crore Vs Rs 3,732.2 crore

IT services EBIT margin drops to 16.7% Vs 16.81%

Guidance: Wipro expects IT services revenue in $2,591-2,644 million in Q3

Jio Financial Services Q2 (Consolidated YoY)

Profit increases 0.9% to Rs 695.04 crore Vs Rs 689.07 crore

Revenue soars 41.5% to Rs 981.39 crore Vs Rs 693.5 crore

Assets under management (AUM) of the NBFC zooms to Rs.14,712 crore Vs Rs 1,206 crore

Pre-provisioning operating profit rises to Rs 579 crore Vs Rs 552 crore

LTIMindtree Q2 (Consolidated YoY)

Profit jumps 10.4% to Rs 1,381.2 crore Vs Rs 1,251.6 crore

Revenue grows 10.2% to Rs 10,394.3 crore Vs Rs 9,432.9 crore

EBIT increases 13% to Rs 1,648.1 crore Vs Rs 1,458.2 crore

Margin expands 40 bps to 15.9% Vs 15.5%

Revenue in dollar terms soars 4.8% to $1,180.1 million Vs $1,126.6 million

Company declares interim dividend of Rs 22 per equity share

JSW Infrastructure Q2 (Consolidated YoY)

Profit falls 2.8% to Rs 361.2 crore Vs Rs 371.5 crore

Revenue jumps 26.4% to Rs 1,265.7 crore Vs Rs 1,001.4 crore

Cyient Q2 (Consolidated YoY)

Profit tanks 28.8% to Rs 127.5 crore Vs Rs 179.1 crore

Revenue drops 3.7% to Rs 1,781 crore Vs Rs 1,849.1 crore

Company declares interim dividend of Rs 16 per share

Vikram Solar Q2 (Consolidated YoY)

Profit spikes 1,646.5% to Rs 128.5 crore Vs Rs 7.4 crore

Revenue grows 93.7% to Rs 1,109.9 crore Vs Rs 572.9 crore

Metro Brands Q2 (Consolidated YoY)

Profit falls 3.9% to Rs 69 crore Vs Rs 71.8 crore

Revenue rises 11.2% to Rs 651.1 crore Vs Rs 585.5 crore

CIE Automotive India Q2 (Consolidated YoY)

Profit soars 9.6% to Rs 213.9 crore Vs Rs 195.2 crore

Revenue increases 11.1% to Rs 2,371.8 crore Vs Rs 2,134.6 crore

Punjab &amp;amp; Sind Bank Q2 (YoY)

Profit zooms 22.9% to Rs 294.5 crore Vs Rs 239.6 crore

Net interest income rises 8.8% to Rs 950 crore Vs Rs 872.9 crore

Gross NPA falls to 2.92% Vs 3.34% (QoQ)

Net NPA drops to 0.83% Vs 0.91% (QoQ)

Board approves raising capital up to Rs 5,000 crore in one or more tranches by March 2027 via equity and bonds

Board approves raising funds of Rs 3,000 crore via Long Term Infrastructure Bonds in one or more tranches by March 2027

Rallis India Q2 (YoY)

Profit increases 4.1% to Rs 102 crore Vs Rs 98 crore

Revenue falls 7.2% to Rs 861 crore Vs Rs 928 crore

Sunteck Realty Q2 (Consolidated YoY)

Profit spikes 41.4% to Rs 49 crore Vs Rs 34.6 crore

Revenue zooms 49.3% to Rs 252.4 crore Vs Rs 169 crore

PNB Gilts Q2 (YoY)

Loss stands at Rs 45.35 crore Vs profit of Rs 114.7 crore

Revenue falls 11.5% to Rs 443.4 crore Vs Rs 500.8 crore

Stocks to Watch

Fortis Healthcare

IHH Healthcare Berhad has announced an open offer for the acquisition of up to a 26.10% stake in Fortis Healthcare, and a 26.11% stake in Fortis Malar Hospitals.

Biocon

Biocon’s subsidiary, Biocon Biologics, has expanded its partnership with Civica Inc. to launch a private-label insulin Glargine for diabetes treatment in the United States.

JSW Energy

The company’s subsidiary, JSW Energy (Utkal), has received a Letter of Award from Power Company of Karnataka for a 400 MW, 25-year power supply agreement, starting from April 1, 2026. The required coal will be procured from Coal India under the SHAKTI Scheme 2017.

Godrej Industries

The company has made a further investment of Rs 409 crore in its subsidiary Godrej Capital. As a result, it now holds a 91.11% stake in the subsidiary.

BEML

BEML has entered into a Memorandum of Understanding (MoU) with Kineco for collaboration in the field of advanced composite manufacturing for aerospace and defence applications.

Sanofi Consumer Healthcare India

The Board has approved the appointment of Richard D’souza as the Chief Financial Officer (CFO) of the company, effective October 16.

Bulk Deals

Rubicon Research

Nomura Funds Ireland Plc, through Nomura Funds Ireland India Equity Fund, has acquired 16.5 lakh shares (representing a 1 percent stake) in Rubicon Research at Rs 616.31 per share, amounting to a total value of Rs 101.69 crore.

Canara Robeco AMC

Negen Capital Services, founded by Neil Bahal, has acquired 10.9 lakh shares at Rs 281.79 per share, for a total investment of Rs 30.7 crore.

Cartrade Tech

Plutus Wealth Management LLP bought 3.75 lakh shares (representing a 0.78% stake) in CarTrade Tech at Rs 2,454.98 per share, totaling Rs 92.06 crore.

However, Oxbow Master Fund reduced its stake in the multi-channel auto platform by selling 2.84 lakh shares at Rs 2,445.08 per share, amounting to Rs 69.48 crore.

As of June 2025, Oxbow Capital Management (HK)-backed Oxbow Master Fund had held a 2.82% stake (equivalent to 13.36 lakh shares) in CarTrade Tech.

CMS Info Systems

PPFAS Mutual Fund acquired 20 lakh shares (representing a 1.21% stake) at Rs 358 per share, for a total of Rs 71.6 crore.

However, WF Asian Reconnaissance Fund, managed by Ward Ferry Management, sold 26.9 lakh shares (1.63% stake) at Rs 358.01 per share, for Rs 96.3 crore. This sale is against the fund’s 3.14% stake (51.62 lakh shares) held as of September 2025.

IRB InvIT Fund

L&amp;amp;T Technology Services purchased 72.37 lakh units at Rs 60.40 per unit for Rs 43.71 crore, while Larsen &amp;amp; Toubro acquired 4.41 crore units at Rs 60.24 per unit for Rs 266.19 crore. Together, they acquired an 8.85% stake in the IRB InvIT Fund.

However, Alpha Alternatives MSAR LLP, Kotak Mahindra Bank, Trust Investment Advisors, and Athena Enhanced Equity Fund collectively sold 8.23 crore units (representing a 14.19% stake) for Rs 505.11 crore.

Mainboard Listing

Canara HSBC Life Insurance Company

SME Listing

SK Minerals &amp;amp; Additives
Sihora Industries
Shlokka Dyes

Stocks Trade Ex-Dividend

HCL Technologies
Anand Rathi Wealth
PlatinumOne Business Services

Stock Trades Ex-Date for Consolidation of Shares

Synthiko Foils

Stocks Trade Ex-Date for Split

A B Infrabuild
Narmada Macplast Drip Irrigation Systems
Rolex Rings
Sunrakshakk Industries India

Stock in F&amp;amp;O ban

Sammaan Capital

Disclaimer: MoneyControl is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

Nomura has acquired additional 1 percent stake in pharmaceutical firm Rubicon Research via open market transactions on its listing day, i.e. October 16, while L&amp;T and L&amp;T Technology Services picked 8.85 percent units in IRB InvIT Fund on the same day.

<a href="https://www.moneycontrol.com/india/stockpricequote/pharmaceuticalsdrugs/rubiconresearch/RRL04">Rubicon Research</a> stock had a stellar rally on its market debut, soaring 29.5 percent to close the session at Rs 628.20 against the issue price of Rs 485, backed by the positive market mood and healthy IPO subscription numbers of nearly 104 times.

Nomura Funds Ireland Plc through Nomura Funds Ireland India Equity Fund has bought 16.5 lakh shares in Rubicon at Rs 616.31 per share, valued at Rs 101.69 crore.

Japanese global investment bank and financial services group Nomura Holdings-backed Nomura Funds Ireland Public Limited Company - Nomura Funds Ireland - India Equity Fund already acquired 10.3 lakh shares at Rs 485 per share for Rs 50 crore via anchor book on October 8.

Meanwhile, <a href="https://www.moneycontrol.com/india/stockpricequote/finance-investment/canararobecoassetmanagementcompany/CRAMCL">Canara Robeco AMC</a>, which listed today, was also in focus, rising nearly 13 percent to Rs 300.45 against offer price of Rs 266. Neil Bahal-founded Negen Capital Services acquired 10.9 lakh shares at Rs 281.79 per share, for Rs 30.7 crore.

The brisk action was also seen in <a href="https://www.moneycontrol.com/india/stockpricequote/automobile-dealersdistributors/cartradetech/CT12">Cartrade Tech</a>, which closed the session 0.06 percent higher at Rs 2,489.2. Plutus Wealth Management LLP bought 3.75 lakh shares (0.78 percent stake) at Rs 2,454.98 per share, for Rs 92.06 crore, however, Oxbow Master Fund reduced its stake in the multi-channel auto platform, selling 2.84 lakh shares at Rs 2,445.08 per share for Rs 69.48 crore.

As of June 2025, Oxbow Capital Management (HK)-backed Oxbow Master Fund had owned 2.82 percent stake (13.36 lakh shares) in Cartrade.

Business services company <a href="https://www.moneycontrol.com/india/stockpricequote/software/cmsinfosystems/CIS03">CMS Info Systems</a> shares rebounded sharply after consolidation and hitting almost two-year low during the current week, rising 4.53 percent to Rs 372.45 amid high volumes. PPFAS Mutual Fund acquired 20 lakh shares (equivalent to 1.21 percent stake) at Rs 358 per share for Rs 71.6 crore.

However, Ward Ferry Management-managed WF Asian Reconnaissance Fund trimmed its shareholding in CMS Info, selling 26.9 lakh shares (1.63 percent stake) at Rs 358.01 per share for Rs 96.3 crore, against its 3.14 percent stake (51.62 lakh shares) held as of September 2025.

The action was also seen in IRB Infrastructure Developers-sponsored <a href="https://www.moneycontrol.com/india/stockpricequote/construction-infrastructure/irbinvit/II04">IRB InvIT Fund</a>, the private highway infrastructure developer. L&amp;T Technology Services picked 72.37 units at Rs 60.4 per unit for Rs 43.71 crore, and Larsen &amp; Toubro acquired 4.41 units at Rs 60.24 per unit for Rs 266.19 crore. Both together bought 8.85 percent stake.

However, Alpha Alternatives MSAR LLP, Kotak Mahindra Bank, Trust Investment Advisors, and Athena Enhanced Equity Fund sold 8.23 crore units (14.19 percent stake) in the InvIT for Rs 505.11 crore.

IRB InvIT Fund declined 3.84 percent to Rs 60.30 on the NSE, while on the BSE, it closed the session at Rs 62.34, down 0.57 percent.

Nomura picks additional 1% stake in Rubicon Research on its market debut for Rs 102 crore

Nomura has acquired additional 1 percent stake in pharmaceutical firm Rubicon Research via open market transactions on its listing day, i.e. October 16, while L&amp;amp;T and L&amp;amp;T Technology Services picked 8.85 percent units in IRB InvIT Fund on the same day.

Rubicon Research stock had a stellar rally on its market debut, soaring 29.5 percent to close the session at Rs 628.20 against the issue price of Rs 485, backed by the positive market mood and healthy IPO subscription numbers of nearly 104 times.

Nomura Funds Ireland Plc through Nomura Funds Ireland India Equity Fund has bought 16.5 lakh shares in Rubicon at Rs 616.31 per share, valued at Rs 101.69 crore.

Japanese global investment bank and financial services group Nomura Holdings-backed Nomura Funds Ireland Public Limited Company - Nomura Funds Ireland - India Equity Fund already acquired 10.3 lakh shares at Rs 485 per share for Rs 50 crore via anchor book on October 8.

Meanwhile, Canara Robeco AMC, which listed today, was also in focus, rising nearly 13 percent to Rs 300.45 against offer price of Rs 266. Neil Bahal-founded Negen Capital Services acquired 10.9 lakh shares at Rs 281.79 per share, for Rs 30.7 crore.

The brisk action was also seen in Cartrade Tech, which closed the session 0.06 percent higher at Rs 2,489.2. Plutus Wealth Management LLP bought 3.75 lakh shares (0.78 percent stake) at Rs 2,454.98 per share, for Rs 92.06 crore, however, Oxbow Master Fund reduced its stake in the multi-channel auto platform, selling 2.84 lakh shares at Rs 2,445.08 per share for Rs 69.48 crore.

As of June 2025, Oxbow Capital Management (HK)-backed Oxbow Master Fund had owned 2.82 percent stake (13.36 lakh shares) in Cartrade.

Business services company CMS Info Systems shares rebounded sharply after consolidation and hitting almost two-year low during the current week, rising 4.53 percent to Rs 372.45 amid high volumes. PPFAS Mutual Fund acquired 20 lakh shares (equivalent to 1.21 percent stake) at Rs 358 per share for Rs 71.6 crore.

However, Ward Ferry Management-managed WF Asian Reconnaissance Fund trimmed its shareholding in CMS Info, selling 26.9 lakh shares (1.63 percent stake) at Rs 358.01 per share for Rs 96.3 crore, against its 3.14 percent stake (51.62 lakh shares) held as of September 2025.

The action was also seen in IRB Infrastructure Developers-sponsored IRB InvIT Fund, the private highway infrastructure developer. L&amp;amp;T Technology Services picked 72.37 units at Rs 60.4 per unit for Rs 43.71 crore, and Larsen &amp;amp; Toubro acquired 4.41 units at Rs 60.24 per unit for Rs 266.19 crore. Both together bought 8.85 percent stake.

However, Alpha Alternatives MSAR LLP, Kotak Mahindra Bank, Trust Investment Advisors, and Athena Enhanced Equity Fund sold 8.23 crore units (14.19 percent stake) in the InvIT for Rs 505.11 crore.

IRB InvIT Fund declined 3.84 percent to Rs 60.30 on the NSE, while on the BSE, it closed the session at Rs 62.34, down 0.57 percent.

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.

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.

Aviation Sector Stocks
Check latest stock performance, list of stocks, earnings review & more details about the Aviation sector stocks.

Gainers/Losers

Sector Market Map

Earnings Review-Q2 FY25-26

Stock News

Stocks to Watch Today: Canara HSBC Life, Infosys, Vikram Solar, Wipro, Jio Financial, Sunteck Realty, Biocon, JSW Energy, BEML, LTIMindtree in focus on 17 October

Nomura picks additional 1% stake in Rubicon Research on its market debut for Rs 102 crore

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

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

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

Aviation Sector StocksCheck latest stock performance, list of stocks, earnings review & more details about the Aviation sector stocks.

Gainers/Losers

Sector Market Map

Earnings Review-Q2 FY25-26

Stock News

Stocks to Watch Today: Canara HSBC Life, Infosys, Vikram Solar, Wipro, Jio Financial, Sunteck Realty, Biocon, JSW Energy, BEML, LTIMindtree in focus on 17 October

Nomura picks additional 1% stake in Rubicon Research on its market debut for Rs 102 crore

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

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

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

Aviation Sector Stocks
Check latest stock performance, list of stocks, earnings review & more details about the Aviation sector stocks.