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:
Axis Bank, HDFC Life Insurance Company, HDFC Asset Management Company, HDB Financial Services, L&T Finance, Angel One, Delta Corp, Heritage Foods, Indian Railway Finance Corporation, KEI Industries, Mangalore Refinery and Petrochemicals, Muthoot Capital Services, Network 18 Media & Investments, Nuvoco Vistas Corporation, Oberoi Realty, Quick Heal Technologies, Rossari Biotech, Tata Communications, and Urja Global will release their earnings today.
Tech Mahindra Q2 (Consolidated YoY)
Profit falls 4.4% to Rs 1,194.5 crore Vs Rs 1,250.1 crore
Revenue grows 5.1% to Rs 13,994.9 crore Vs Rs 13,313.2 crore
EBIT jumps 32.7% to Rs 1,699.3 crore Vs Rs 1,280.4 crore
Margin expands to 12.14% Vs 9.61%
Deal wins zooms to $3,168 million Vs $2,018 million
Company declares interim dividend of Rs 15 per share
Persistent Systems Q2 (Consolidated YoY)
Profit surges 45.1% to Rs 471.5 crore Vs Rs 325 crore
Revenue grows 23.6% to Rs 3,580.7 crore Vs Rs 2,897.2 crore
EBIT soars 43.5% to Rs 583 crore Vs Rs 406.2 crore
Margin expands to 16.3% Vs 14.02%
Revenue in dollar terms jumps 17.6% to $406.2 million Vs $345.5 million
ICICI Lombard General Insurance Company Q2 (YoY)
Profit grows 18.1% to Rs 820 crore Vs Rs 694 crore
Gross direct premium income drops 1.9% to Rs 6,596 crore Vs Rs 6,721 crore
Gross premium written increases 1.6% to Rs 7,058.9 crore Vs Rs 6,948.3 crore
Total income jumps 12.5% to Rs 6,582.7 crore Vs Rs 5,850.7 crore
Combined ratio rises to 105.1% Vs 104.5%
Board approves interim dividend of Rs 6.5 per share
Cyient DLM Q2 (Consolidated YoY)
Profit zooms 108% to Rs 32.1 crore Vs Rs 15.5 crore
Revenue falls 20.2% to Rs 310.6 crore Vs Rs 389.5 crore
Other income surges 219.2% to Rs 22.7 crore Vs Rs 7.1 crore
Cost of materials consumed drops 30.7% to Rs 196.1 crore Vs Rs 283 crore
Thyrocare Technologies Q2 (Consolidated YoY)
Profit spikes 81% to Rs 47.8 crore Vs Rs 26.4 crore
Revenue grows 22.1% to Rs 216.5 crore Vs Rs 177.4 crore
Board declares an interim dividend of Rs 7 per share
Board announces issue of bonus shares in the ratio 2:1
Kolte-Patil Developers Q2 (YoY)
Sales value drops 13% to Rs 670 crore Vs Rs 770 crore
Sales volume falls 17% to 0.86 million square feet Vs 1.03 million square feet
Realisation grows 5% to Rs 7,823 per square feet Vs Rs 7,472 per square feet
Collections rise 8% to Rs 596 crore Vs Rs 550 crore
Sula Vineyards Q2 (YoY)
Revenue declines 1.1% to Rs 139.7 crore Vs Rs 141.2 crore
Own Brands revenue drops 2.5% to Rs 124.1 crore Vs Rs 127.3 crore
Wine Tourism revenue increases 7.7% to Rs 13.2 crore Vs Rs 12.2 crore
Ashiana Housing Q2 (YoY)
Area booked drops 43.4% to 4.13 lakh square feet Vs 7.3 lakh square feet
Value of area sold falls 54.9% to Rs 303.43 crore Vs Rs 673.05 crore
Stocks to Watch
Promoters Boman Rustom Irani, Percy Sorabji Chowdhry, and Chandresh Dinesh Mehta are set to sell up to 45.76 lakh shares (3.63% stake) in Keystone Realtors via an Offer-for-Sale (OFS) on October 15–16. The floor price has been fixed at Rs 550 per share.
The company's subsidiary, Saatvik Solar Industries, has received an order worth Rs 638.85 crore from three renowned independent power producers/EPC players for the supply of solar PV modules.
Additionally, the company has received another order worth Rs 50.62 crore from renowned independent power producers/EPC for the supply of solar PV modules.
Jaiprakash Associates, Vedanta
The Competition Commission of India (CCI) has approved the acquisition of Jaiprakash Associates by Vedanta. This transaction is pursuant to a corporate insolvency resolution process (CIRP) under the Insolvency and Bankruptcy Code.
The company has secured an order worth Rs 306 crore. With this, the open order position of MIDHANI as on date stands at around Rs 2,212 crore.
The company has commissioned its Epichlorohydrin (ECH) plant of 35,000 TPA at its chemical complex in Jhagadia, Gujarat. The remaining capacity of 17,000 TPA will be commissioned shortly.
The Income Tax Department has carried out a search operation at the Registered Office, Head Office, Corporate Office, and a few other locations of the company, along with the residences of promoters, certain members of the promoter group, the Chief Financial Officer, and a few employees on October 9. The search concluded at the company premises on October 14.
The company has co-operated with the proceedings of the Income Tax Department. The business operations of the company remain unaffected and continue as usual.
The country's largest pure-play EV company is set to launch a new product in the energy space on October 17 via a premiere on its official social media handles. The Promoter and CMD has tweeted about launching the first non-vehicle product this Diwali.
The Board has approved the Succession Plan for the Managing Director of the company. Unsoo Kim, the current Managing Director, will return to South Korea to take on a strategic role at Hyundai Motor Company, effective December 31, 2025.
Tarun Garg, presently serving as Whole-time Director, will succeed Unsoo Kim as the Managing Director & Chief Executive Officer (CEO) of the company, effective January 1, 2026.
The company has signed a License Agreement for a new hotel property in Gandhidham. The property will be managed by its subsidiary, Carnation Hotels.
Bulk Deals
QRG Investments and Holdings, part of the QRG Group (the family office of Havells India), has offloaded 24.07 lakh shares (3.36% stake) in the workspace solutions provider at Rs 585.14 per share, valued at Rs 140.89 crore.
Meanwhile, HSBC Mutual Fund has acquired 9.18 lakh shares (1.28% stake) at Rs 585 per share, amounting to Rs 53.72 crore.
360 ONE Asset Management bought 5.21 lakh shares (0.91% stake) at Rs 404.41 per share, amounting to Rs 21.09 crore.
Stock Trades Ex-Dividend
Tata Consultancy Services
Stock Trades Ex-Date for Spin Off
SKF India
Stocks in F&O ban
RBL Bank
Sammaan Capital
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