STOCKS IN FOCUS (30th Oct 2026)

STOCKS IN NEWS

• Equitas Small Finance Bank: Shares of Equitas Small Finance Bank will remain in focus following the resignation of Managing Director and CEO P N Vasudevan. He cited persistent investor concerns over a perceived conflict of interest linked to his daughter’s association with an NBFC. The stock plunged 20% during the final hour of Thursday’s trading session.

• Afcons Infrastructure: The company announced that it has secured two significant engineering, procurement and construction (EPC) contracts in Uttar Pradesh, with a combined value of nearly ₹3,469 crore.

• Indian Hotels: Indian Hotels Company Limited (IHCL) and Adani Airport Holdings Limited (AAHL) have announced a multi-hotel operating agreement covering eight airport-linked hotels with more than 2,000 rooms across key locations, including Mumbai, Ahmedabad, Lucknow and Guwahati.

• Coal India: The state-owned mining major reported a 57% year-on-year increase in profit after tax (PAT) to ₹6,547 crore for the quarter ended September 2026, compared with ₹4,167 crore in the corresponding quarter of the previous financial year.

• IndiGo: The airline’s consolidated net loss narrowed to ₹1,879.1 crore in Q2 FY27. Stronger revenue and improved pricing helped cushion the impact of a 67.2% surge in fuel expenses.

• Vedanta Oil and Gas: India’s largest private-sector oil and gas exploration and production company reported a profit after tax (PAT) of ₹746 crore for the quarter ended September 2026, compared with a loss of ₹92 crore in the corresponding quarter of the previous financial year.

• Trent: Tata Group’s retail arm reported a 25% year-on-year increase in consolidated net profit to ₹468 crore for the September quarter, supported by revenue growth and operating leverage despite an inflationary environment. Separately, Noel N Tata announced his decision to step down as chairman.

• Godrej Consumer Products: The company reported a 13.84% year-on-year increase in consolidated net profit to ₹522.92 crore for the September quarter of FY27, driven by volume growth.

• Sagility: According to media reports, Sagility BV is likely to sell a 12% stake in Sagility through a block deal worth approximately ₹2,377 crore. The reported floor price for the transaction is ₹42.45 per share.

BULK DEALS

• IIFL Capital Services: London-based Theleme Partners, through Theleme India Master Fund, sold 31.24 lakh equity shares, representing 0.99% of the company’s paid-up equity, for approximately ₹108.7 crore at an average price of ₹348.01 per share. As of September 2026, the fund held a 1.72% stake, equivalent to 54.35 lakh shares, according to the company’s latest shareholding pattern.

• Birlasoft: Societe Generale acquired 16.47 lakh equity shares, representing 0.58% of the company’s paid-up equity, for approximately ₹56.31 crore at an average price of ₹341.78 per share.

• Interactive Financial Services: Varsha Chugh, wife of investor Ashish Chugh, sold 53,068 equity shares, representing 0.76% of the company’s paid-up equity, for approximately ₹6.04 lakh at ₹11.39 per share.

Source: Moneycontrol, Business Standard

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