STOCKS IN FOCUS (08th Oct 2026)

STOCKS IN NEWS

• Paytm, Pine Labs: A proposal to defer the introduction of merchant discount rates (MDR) on UPI transactions to January 1, 2027, from October 15, 2026, is under consideration, according to people familiar with the matter. The development could keep Paytm, Pine Labs and Mobikwik in focus.

• Ola Electric: Ola Electric proposed a rights issue of 37,02,72,665 partly paid-up equity shares at an issue price of ₹27 each, including a premium of ₹17 per share, aggregating up to ₹1,000 crore.

• Gabriel India: The company entered into a joint venture with France-based Forvia to bring advanced seating systems and technologies to the Indian automotive market.

• Sugar Stocks: The government reduced the stock holding limit for sugar dealers to 1,000 quintals, effective October 15 to November 30, to help control retail sugar prices during the festive season.

• PC Jeweller: PC Jeweller reported approximately 28% YoY growth in consolidated revenue for Q2FY27, supported by healthy consumer demand and strong business momentum.

• L&T: L&T Energy CarbonLite Solutions received a Limited Notice to Proceed (LNTP) from DVC CIL Power Pvt Ltd (DVCCIL), a joint venture between Damodar Valley Corporation and Coal India, for the main plant package of the 1,600 MW Chandrapura thermal power project in Jharkhand.

• Tata Power: Tata Power partnered with Norway-based renewable energy technology company Ocean Sun to introduce its membrane-based floating solar technology in India.

• MRF: Following MRF’s rectification application, the Deputy Commissioner of State Tax, Kerala, reduced the total tax demand from ₹91.53 crore to ₹36.19 crore. The matter relates to export clearances and declaration forms under sales tax for FY15.

• RPP Infra Projects: RPP Infra decided to withdraw from and discontinue its participation as Joint Developer in the proposed Legend 96 residential project, citing delays in approvals, financing challenges, proposed security arrangements and changes to the agreed revenue-sharing arrangement.

• Allcargo Terminals: Total volumes stood at 61,800 TEUs in September, down 7% YoY and 6% MoM.

• Banks: Several banks raised repo-linked lending rates following the RBI policy, effective October 8:

• Bank of Baroda: Repo-linked lending rate increased to 5.50% from 5.25%.
• Karur Vysya Bank: External benchmark repo-linked rate raised to 8.80% from 8.55%.
• Indian Overseas Bank: External benchmark lending rate increased to 8.35% from 8.10%.
• Punjab National Bank: External benchmark lending rate raised to 8.35% from 8.10%.
• Indian Bank: Repo-linked benchmark lending rate increased to 8.20% from 7.95%.
• Tamilnad Mercantile Bank: Repo-linked lending rate raised to 8.50% from 8.25%.

BULK DEALS

• JTL Industries: Goldman Sachs Investments Mauritius I, owned by Goldman Sachs Group, acquired 19.71 lakh shares, representing a 0.5% stake, for ₹16.16 crore at ₹82.03 per share.

• Jeena Sikho Lifecare: Oregano Life sold 6.98 lakh shares, equivalent to a 0.56% stake, for ₹29.35 crore at ₹420.28 per share.

Source: Moneycontrol, Business Standard

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