Let's catch up on the latest news from the stock market. From significant investments to major deals, quarterly earnings, fund raising and appointments, here’s a quick look at which stocks will be in focus in today's trade:
Just Dial, Reliance Industrial Infrastructure, Plastiblends India, Hathway Cable, Jagsonpal Finance, Jaypee Infratech, Atishay, PVV Infra, Universal Arts, and Sangam Finserv will release quarterly earnings on October 11.
Avenue Supermarts, Network18 Media & Investments, Narmada Macplast Drip Irrigation Systems, SPA Capital Services, and Trident Texofab will announce quarterly earnings scorecard on October 12.
Tata Consultancy Services Q2 (Consolidated QoQ)
Profit falls 1.1% to Rs 11,909 crore Vs Rs 12,040 crore
Revenue rises 2.6% to Rs 64,259 crore Vs Rs 62,613 crore
Dollar revenue increases 2.2% to $7,670 million Vs $7,505 million
Attrition rate inches to 12.3% Vs 12.10%
Net headcount addition at 5,726 Vs 5,452
TCS announces interim dividend of Rs 10 per share
Tata Elxsi Q2 (QoQ)
Profit surges 24.6% to Rs 229.4 crore Vs Rs 184.1 crore
Revenue grows 3.1% to Rs 955.1 crore Vs Rs 926.5 crore
EBIT rises 6.2% to Rs 239.2 crore Vs Rs 225.2 crore
Margin expands 70 bps to 25% Vs 24.3%
Indian Renewable Energy Development Agency (IREDA) Q2 (YoY)
Profit grows 36% to Rs 388 crore Vs Rs 285 crore
Revenue from operations increases 38.5% to Rs 1,629.5 crore Vs Rs 1,176.6 crore
Net interest income jumps 52% to Rs 546.8 crore Vs Rs 359.8 crore
Anand Rathi Wealth Q2 (Consolidated YoY)
Profit grows 32.4% to Rs 76.1 crore Vs Rs 57.5 crore
Revenue jumps 32.8% to Rs 242.5 crore Vs Rs 182.6 crore
EBITDA surges 34.4% to Rs 104.1 crore Vs Rs 77.5 crore
EBITDA margin expands 50 bps to 42.9% Vs 42.4%
Den Networks Q2 (Consolidated YoY)
Profit rises 13.94% to Rs 52 crore Vs Rs 45.7 crore
Revenue declines 10% to Rs 249 crore Vs Rs 276.6 crore
EBITDA down 35.4% at Rs 27.8 crore Vs Rs 43.1 crore
Margin drops sharply to 11.2% Vs 15.6%
Stocks To Watch
The company has received an order worth Rs 121.7 crore from the Maharashtra State Power Generation Company. The order involves the supply, installation, and commissioning of an AI-based comprehensive infrasecure project at GTPS-Uran and KGSC-Pophali.
The company has expanded its customer base by entering into a manufacturing agreement with Adidas India Marketing as a T-1 supplier.
The company has received a signed agreement from Sadar Hospital, Ranchi (Jharkhand), to commission, install, operate, and maintain radiology services (CT and MRI) on a public-private partnership basis.
Shareholders have approved the voluntary liquidation of the company's subsidiary, Imperial Owners and Land Possessions. The liquidation is subject to applicable regulatory approvals. Imperial is not a material subsidiary of the company, and the liquidation of this subsidiary will have no material impact on the consolidated financials of the company.
The public sector lender has kept the marginal cost of funds-based lending rate unchanged, effective October 12.
The NBFC has crossed the Rs 10,000 crore AUM milestone in the quarter ended September 2025, reaching over Rs 10,200 crore, up from Rs 2,970 crore in March 2022.
The Board has appointed Avinash Ramnath Shetye as Chief Financial Officer (CFO) of the company after the resignation of Biswanath Singha, effective October 9. The Board also appointed Somnath Nanda as Additional Executive Director, Swapnil Nitin Kasar as Additional Non-Executive Independent Director, and Manju Sanghamitra Nikale as Non-Executive Director of the company.
ESG rating provider SES ESG Research has upgraded the company's ESG score from 68.5 (Grade B) in 2023 to 74 (Grade 3+) in 2024.
The Board has approved raising funds of up to Rs 6,000 crore via the issuance of equity shares, eligible securities, and other securities, in one or more tranches, by way of private placement, including a qualified institutions placement.
Allied Blenders and Distillers
Ankur Sachdeva has resigned as Chief Revenue Officer of the company, effective December 8, to pursue other professional opportunities.
The company's wholly owned subsidiary, Aarti Chemical Trading - FZCO (Dubai), has incorporated its overseas wholly owned subsidiary, Aarti Chem Trading USA Inc. Aarti Chem Trading USA Inc becomes a step-down subsidiary of Aarti Industries.
The Corporate Affairs Ministry has approved the incorporation of the company's subsidiary, Dish Bharat Ventures. Dish Bharat Ventures will undertake the business of distributing products and services through a digital platform and will also provide ancillary services.
Toyoda Gosei Uno Minda India, the joint venture of Uno Minda, has started commercial production at its manufacturing facility in Neemrana, Rajasthan.
The Reserve Bank of India has approved the appointment of Partha Pratim Sengupta as MD & CEO of Bandhan Bank.
Bulk Deals
Foreign portfolio investor Goldman Sachs India Equity Portfolio exited Ideaforge by selling its entire shareholding of 1.51% at an average price of Rs 657.67 per share, valued at Rs 42.7 crore. However, Citigroup Global Markets Mauritius bought a 1.54% stake in the company at an average price of Rs 656 per share.
Sanofi Consumer Healthcare India
Promoter Hoechst GMBH exited the company by selling its entire 60.37% stake at an average price of Rs 4,982.05 per share, amounting to Rs 6,927.4 crore, to Opella Healthcare Participations B V.
JM Financial Asset Reconstruction Company sold a 0.55% stake in the company at an average price of Rs 92.06 per share. JM Financial had held a 14.04% stake in Nitco as of June 2024.
SME Listing on October 11
Khyati Global Ventures
Stocks Trade Ex-Dividend
Coforge, Blue Cloud Softech Solutions, IndInfravit Trust
Stock Trades Ex-Date for Split
Rajnish Retail
Stock Turns Ex-Rights
Kretto Syscon
Stocks Trade Ex-Date for Spin-Off
Hercules Hoists, Softsol India
F&O Ban
Chambal Fertilisers and Chemicals, Bandhan Bank, Birlasoft, GNFC, Granules India, Hindustan Copper, IDFC First Bank, Manappuram Finance, Punjab National Bank, RBL Bank, SAIL, Tata Chemicals
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