STOCKS IN FOCUS (13th Oct 2026)

STOCKS IN NEWS

• ICICI Prudential AMC: The company reported a profit that exceeded estimates, driven by strong revenue growth, healthy AUM expansion, improved yields and higher other income. However, rising operating expenses remain a concern for margins.

• IRCON International: The company received a Letter of Acceptance (LoA) for an EPC contract worth ₹862.46 crore from East Central Railway, strengthening its order book.

• Aequs: The company signed long-term supply agreements with Safran for aerospace applications, reinforcing its presence in the aerospace manufacturing supply chain.

• Vikran Engineering: The company’s subsidiary, NOPL, entered into a facility agreement with IREDA for a ₹2,914 crore loan to finance the development of a solar project.

• Azad Engineering: The company secured an order worth ₹53 crore from BHEL to supply critical stator vanes and rotor blades for gas turbines, adding to its industrial order pipeline.

• Tata Motors Passenger Vehicles: The company signed a definitive technology agreement with Stellantis covering vehicle architecture, marking a key step in its technology collaboration strategy.

• Bank of India: The bank classified Future Enterprises’ exposure of approximately ₹575 crore as fraud and made 100% provisions against it, highlighting its exposure to the financially distressed Future Group. Separately, the bank classified Future Enterprises’ non-performing asset (NPA) account, amounting to ₹575.4 crore, as fraud.

• TD Power Systems: The company completed its ₹600 crore Qualified Institutional Placement (QIP) at an issue price of ₹775 per share. Participation from several leading mutual funds makes the capital raise a key development to watch.

• HCL Technologies: The company revised its FY27 revenue growth guidance to 2.5–4% year-on-year, compared with the earlier range of 1–4%. Strong deal wins support the outlook, although management continues to describe demand conditions as fluid and dynamic following its Q2FY27 results.

• RBL Bank: The bank reported a 170% year-on-year jump in net profit to ₹482 crore, while net interest income rose 37% to ₹2,131 crore. Improved margins and a sharp recovery in asset quality supported its operating performance.

• Karur Vysya Bank: The bank entered into an agreement with Zurich Kotak General Insurance Company to distribute general insurance products and address the insurance needs of its customers.

• Polycab India: The National Stock Exchange of India (NSE) decided to exclude the company from the equity derivatives segment after shortlisting its shares under the Insolvency and Bankruptcy Code (IBC) framework.

• CreditAccess Grameen: The company signed a syndicated social loan facility agreement worth $175 million, qualifying as external commercial borrowing (ECB) under the Reserve Bank of India’s (RBI) automatic route.

BULK DEALS

• Lenskart Solutions: Alpha Wave Ventures LP sold 2.64 crore equity shares, representing a 1.51% stake in the company, for ₹1,704.8 crore at an average price of ₹645.31 per share.

• Religare Enterprises: Dalmia Bharat Refractories acquired 36.64 lakh shares, representing a 1.07% stake in the company, for ₹79.15 crore at ₹216 per share.

• Northern Arc Capital: Axana Estates LLP, backed by Arpit Khandelwal of Plutus Wealth Management LLP and Mithun Sacheti of CaratLane, acquired 10.96 lakh shares, representing a 0.67% stake in the NBFC, for ₹31.56 crore at ₹288 per share.

• Jubilant Pharmova: Abakkus Four2eight Opportunities Fund purchased 11 lakh shares, representing a 0.69% stake in the company, from Quant Mutual Fund for ₹100.65 crore at ₹915 per share.

• Shadowfax Technologies: Qualcomm Asia Pacific, a subsidiary of US-based Qualcomm Incorporated, sold its remaining 57.13 lakh shares in the company, representing a 0.98% stake, for ₹157.28 crore at ₹275.30 per share.

Source: Moneycontrol, Business Standard

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