STOCKS IN FOCUS (28th Oct 2026)

STOCKS IN NEWS

• Jio Platforms: Jio Platforms’ $3.1 billion initial public offering (IPO), reportedly the largest in India’s history, is set to debut on Dalal Street today. The grey market premium has remained around 22% above the IPO price for nearly 10 days, raising expectations of a strong listing.

• SpiceJet: Cash-strapped SpiceJet’s domestic passenger market share fell to 0.6% in September, slipping below regional carrier Star Air, which recorded a 0.7% share. This marks the first time SpiceJet’s market share has fallen below that of Star Air.

• Infosys: The IT major announced the successful implementation and go-live of Crop Protection Core (CP Core), Syngenta’s global SAP S/4HANA transformation project for its Crop Protection business.

• Lemon Tree Hotels: The company has signed a licence agreement for a 76-room Lemon Tree Hotel in Sirhind, Punjab. The property will be managed by its subsidiary, Carnation Hotels.

• Tata Motors: Tata Motors’ tender offer to acquire Italian commercial vehicle maker Iveco Group has crossed the key 80% threshold. Provisional results indicate that the offeror will hold an 89.42% stake in Iveco, excluding treasury shares.

• Exide Industries: The company has invested ₹150 crore in its subsidiary, Exide Energy Solutions, through a rights issue. The investment will help meet the subsidiary’s funding requirements for its greenfield plant in Bengaluru, which will manufacture and sell lithium-ion battery cells, modules and packs.

• Gulf Oil Lubricants India: The company informed the stock exchanges that a fire broke out at its warehouse in Umbergaon, Gujarat. No injuries or casualties have been reported, and the company is assessing the full extent of the damage.

• Mishra Dhatu Nigam: The company has signed a Memorandum of Understanding (MoU) with the Heavy Water Board (HWB) and the Bhabha Atomic Research Centre (BARC) to collaborate on recovering nickel and cobalt from plant reverts.

• Bajaj Auto: The automobile major reported a 62% year-on-year increase in consolidated net profit to ₹3,436.1 crore in Q2 FY27, compared with ₹2,122.03 crore in Q2 FY26.

• Tata Capital: The Tata Group company reported a 51% year-on-year increase in consolidated net profit to ₹1,660 crore for the September quarter of FY27. Net total income rose 24% to ₹4,676 crore.

• L&T: The infrastructure major reported a 33% year-on-year jump in consolidated profit after tax (PAT) to ₹5,202 crore in Q2 FY27, compared with ₹3,926 crore in the corresponding period last year.

• Cipla: The pharmaceutical major reported a 35% year-on-year decline in consolidated net profit to ₹877.54 crore for the quarter ended September, as revenue declined marginally while expenses increased.

BULK DEALS

• Seshasayee Paper and Boards: Atyant Capital India Fund I, managed by Atyant Capital Management, sold 17.23 lakh equity shares, representing 2.73% of the company’s paid-up equity capital, for approximately ₹35.5 crore at an average price of ₹206.24 per share.

• MSTC: WisdomTree Emerging Markets High Dividend Fund, an exchange-traded fund issued by WisdomTree Trust, sold 4.13 lakh shares of the state-owned company, representing 0.58% of its paid-up equity capital, for approximately ₹23.22 crore.

• Advit Jewels: High-net-worth individual Ramesh Sawalram Saraogi acquired an additional 3.25 lakh shares, equivalent to 0.7% of the company’s paid-up equity capital, for approximately ₹10.81 crore.

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