STOCKS IN FOCUS (23rd Oct 2026)

STOCKS IN NEWS

• NLC India: The company signed Memorandums of Understanding (MoUs) with the Industrial Promotion and Investment Corporation of Odisha (IPICOL) to explore the technical feasibility of coal gasification and synthesis gas (Syn-Gas) production for potential applications in the fertiliser sector. The MoUs also cover the establishment of a beach sand mineral processing facility, involving a tentative investment of ₹2,000 crore.

• Indian Bank: The lender increased interest rates on its special term deposit schemes by 15 basis points each, effective October 23.

• Adani Ports: The company incorporated a wholly owned subsidiary, Indian Ocean Gateway Terminal, in Oman.

• Tech Mahindra: The IT services company announced a collaboration with AI coding platform SpaceXSI to help global enterprises modernise legacy applications, accelerate software delivery, improve developer productivity and scale AI-assisted engineering across the software development lifecycle.

• Mahindra Holidays: The company plans to add 1,000 resort keys over the next six months, with 70% of its capital expenditure earmarked for new resorts, despite rising costs and project delays.

• Sun Pharma: The company accepted bids aggregating ₹7,816 crore across two tranches of bonds maturing in five years and one day. The two tranches carry annual coupon rates of 8.05% and 8.20%, respectively.

• eMudhra: The company announced that it would voluntarily withdraw from the global SSL/TLS certificate business following an incident in which vulnerabilities were identified in its digital certificates.

• Petronet LNG: The company signed a binding term sheet with Gruner Renewable Energy to establish a 50:50 joint venture for setting up compressed biogas (CBG) plants across various states in India.

• HPCL: Hindustan Petroleum Corporation reported a 9% year-on-year decline in Q2FY27 profit, as higher tax expenses and a sharp rise in crude oil prices squeezed fuel retailing margins. Standalone net profit fell to ₹3,483 crore, while average global Brent crude prices increased nearly 40% year-on-year during the quarter.

• Adani Energy Solutions: The company’s net profit more than doubled to ₹1,364 crore in Q2FY27, while total income increased 51% to ₹10,239 crore.

• Havells India: The consumer electrical goods manufacturer reported a 9.72% year-on-year increase in consolidated net profit to ₹349.22 crore in Q2FY27. Revenue from operations rose 34.57% to ₹6,432 crore.

BULK DEALS

• Ravita Engineering Services: Finavenue Growth Fund purchased 3.66 lakh equity shares, representing a 0.97% stake in the company’s paid-up equity, for ₹4.12 crore at an average price of ₹112.58 per share.

• Capital Infra Trust: Larsen & Toubro (L&T) purchased 66.44 lakh units, representing a 1.3% stake in the trust’s total outstanding units, for ₹50.22 crore.

• Gallantt Ispat: Suryalaxmi Infracon purchased 26.51 lakh equity shares, representing a 1.09% stake in the company’s paid-up equity, for ₹149.83 crore.

Source: Moneycontrol, Business Standard

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