STOCKS IN FOCUS (15th Oct 2026)

STOCKS IN NEWS

• IDBI Bank: Fairfax Financial Holdings-backed Canada Inc. has been approved as the strategic buyer for IDBI Bank. The government and LIC will divest a combined 60.72% stake for ₹52,878 crore at ₹81 per share.

• Enviro Infra Engineers: The company’s subsidiary, Suyog Urja, received a Letter of Intent (LoI) worth ₹228 crore from Arie Energy for a wind power project in Maharashtra.

• NITCO: The company completed 75% of its Kanjurmarg land sale for ₹143 crore and expects to realise approximately ₹250 crore from the sale of commercial space.

• Hyundai Motor India: The company inaugurated its manufacturing facility in Pune and plans to invest up to ₹11,000 crore in the plant. Its annual installed capacity is expected to increase from 170,000 units to 320,000 units by 2030.

• Dr. Reddy’s Laboratories: The US FDA completed a pre-approval inspection at the company’s FTO-9 facility in Visakhapatnam and issued a Form 483 containing three observations. The company plans to address the observations within the stipulated timeline.

• Neuland Laboratories: The US FDA concluded its inspection at the company’s Unit 3 manufacturing facility in Telangana and issued an Establishment Inspection Report (EIR).

• Reliance Industries (Jio): Jio Platforms will open its ₹30,187.6 crore IPO for public subscription on October 21, with the issue closing on October 23.

• HDB Financial Services: The company reported a 34.2% year-on-year increase in net profit to ₹780.2 crore, while net interest income rose 15.6% to ₹2,533.7 crore.

• ICICI Lombard: The company’s net profit increased 15.4% year-on-year to ₹946 crore, while net premium earned grew 17.7% to ₹6,652 crore. The company also announced an interim dividend of ₹7 per share.

• Bajaj Consumer Care: The company reported a 65.9% year-on-year surge in net profit to ₹70.2 crore, while revenue increased 25.5% to ₹332.8 crore.

• Om Power Transmission: The company received a Letter of Acceptance (LoA) worth ₹101.56 crore from Uttar Gujarat Vij Company for a turnkey project involving the conversion of the existing electrical line network into an underground cable network, along with associated works in Ambaji.

• Morepen Laboratories: The Himachal Pradesh High Court quashed the show-cause notice issued to the company and disposed of the writ petition in its favour. The Central GST and Central Excise Commissionerate, Shimla, had sought recovery of ₹117.94 crore towards an allegedly excess GST refund, along with applicable interest and penalties.

• Cemindia Projects: The company opened its Qualified Institutions Placement (QIP) issue on October 14, with the floor price set at ₹1,158.58 per share. It may offer a discount of up to 5% on the floor price.

• Turtlemint Fintech Solutions: The company will invest ₹149.51 crore in its subsidiary, Turtlemint Insurance Broking Services, through a rights issue of up to 8.41 lakh equity shares at an issue price of ₹1,776.27 per share.

• City Union Bank: The GST demand raised by the Deputy Commissioner of State Tax, Thanjavur, for FY2021–22 was reduced to ₹208.91 crore from ₹337.79 crore following a remand order issued pursuant to directions from the Madurai Bench of the Madras High Court.

BULK DEALS

• AceVector: ICICI Securities Primary Dealership sold 32.91 lakh shares, representing a 0.6% stake in the company’s paid-up equity, for ₹8.6 crore at ₹26.27 per share.

• Devson Catalyst: India Max Investment Fund sold 72,000 equity shares, representing a 0.53% stake in the company, for ₹2.75 crore at ₹382.50 per share. As of July 15, 2026, the fund held a 2.41% stake, equivalent to 3.27 lakh shares, in Devson Catalyst.

• Fine Line Circuits: Wallfort Financial Services acquired 25,000 shares, representing a 0.52% stake in the company’s paid-up equity, for ₹20.71 lakh at ₹82.87 per share.

Source: Moneycontrol, Business Standard

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