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The Nifty 50 ended the session at 22,889, down 257 points, or 1.11%. From a technical perspective, the index needs to reclaim and sustain levels above 23,000, followed by the crucial resistance zone of 23,200–23,300, according to Ponmudi R, CEO of Enrich Money. A sustained breakout above this range could strengthen bullish momentum and improve the near-term outlook. Against this backdrop, shares of Reliance Industries, IREDA, Yes Bank, Waaree Renewable Technologies, Trent, Hindustan Zinc, RailTel Corporation of India and several other companies are likely to remain in focus on Wednesday, October 21, as investors track quarterly earnings, corporate announcements, fundraising plans and order wins. Reliance Industries The much-anticipated initial public offering (IPO) of Jio Platforms opens for public subscription today. The telecom company aims to raise Rs 30,213 crore through the issue. If completed as planned, the offering could become India's largest IPO, surpassing Hyundai Motor India's issue. Piramal Finance Piramal Finance, the financial services arm of the Piramal Group, reported a 67% year-on-year increase in second-quarter profit to Rs 545 crore, compared with Rs 327 crore in the year-ago period. Net interest income (NII) rose 35% to Rs 1,530 crore from Rs 1,132 crore a year earlier, while assets under management (AUM) grew 24% to Rs 1,13,112 crore. IREDA State-run Indian Renewable Energy Development Agency (IREDA) reported a marginal 0.5% year-on-year increase in net profit to Rs 552 crore for the September quarter, compared with Rs 549 crore a year earlier. Operating profit rose 16.5% to Rs 904 crore from Rs 776 crore in the corresponding quarter last year. Asset quality improved during the quarter, with gross non-performing assets (NPAs) declining to 3.57% from 3.76% and net NPAs easing to 1.08% from 1.23%. Read more: Jio IPO’s GMP rises to 22% as India’s largest ever issue set to open on October 21. Should you subscribe? NLC India NLC India received an Environmental, Social and Governance (ESG) rating of 57 from CRISIL ESG Ratings & Analytics. The company said the assessment was conducted independently by CRISIL using publicly available information. NLC India clarified that it had not engaged the agency for the rating. Yes Bank Moody's Investors Service has reaffirmed Yes Bank's ratings across several instruments, according to the bank's latest disclosure. The long-term foreign currency issuer rating was maintained at Ba1. The long-term local and foreign currency deposit ratings were also reaffirmed at Ba1. The bank's Baseline Credit Assessment (BCA) and Adjusted BCA remained at Ba2, while the rating on its senior unsecured foreign currency medium-term note programme was retained at (P)Ba1. L&T Technology Services L&T Technology Services (LTTS) reported a 53.7% quarter-on-quarter increase in consolidated net profit to Rs 548.2 crore for the September quarter of FY27. Revenue rose 3.4% sequentially to Rs 3,040 crore, exceeding the poll estimate of Rs 3,022.5 crore. The company had reported revenue of Rs 2,940.1 crore in the June quarter. Waaree Renewable Technologies Waaree Renewable Technologies, the engineering and construction arm of the Waaree Group, reported a 30% year-on-year decline in net profit to Rs 82 crore for the September quarter of FY27, compared with Rs 116 crore in the year-ago period. Revenue from operations, however, rose 36.53% to Rs 1,057.84 crore from Rs 775 crore a year earlier. Read more: Jio IPO vs Airtel shares: Which telecom giant offers greater valuation comfort to investors? ICICI Prudential Life Insurance ICICI Prudential Life Insurance received a rectification order from the Assistant Commissioner of Income Tax, Mumbai. The order relates to an incremental tax demand of Rs 97,07,75,200 and incremental interest of Rs 1,33,11,03,953. Hindustan Zinc Hindustan Zinc reported a 142% year-on-year surge in net profit to Rs 6,412 crore for the September quarter, compared with Rs 2,649 crore a year earlier. Trent Harish Bhat has resigned as non-executive, non-independent director of Trent after serving on the company's board for more than 12 years. The resignation was attributed to increasing professional and personal commitments. According to the company's disclosure, it took effect on Sunday, October 17. Trent is scheduled to announce its second-quarter FY27 results on October 29. RailTel Corporation of India RailTel Corporation of India received a Letter of Acceptance (LoA) from Haryana State Electronics Development Corporation Limited. The estimated order value is Rs 47.40 crore, including taxes, according to the company's regulatory filing. Read more: From ₹228 a GB to ₹7.5: How Mukesh Ambani’s Jio rewired India’s internet and is now seeking a ₹10 lakh crore valuation Kapston Services Kapston Services' board has approved a proposal to subdivide its existing equity shares, subject to shareholder approval through a postal ballot. Under the proposed split, each fully paid-up equity share with a face value of Rs 5 will be divided into five shares with a face value of Rs 1 each. The board has also approved an alteration to Clause V of the company's Memorandum of Association to reflect the proposed subdivision. Kirloskar Brothers Kirloskar Brothers informed the stock exchanges that its statutory auditor, Sharp & Tannan Associates, has converted its partnership firm into a limited liability partnership (LLP) under the Limited Liability Partnership Act, 2008. Bajaj Finance Bajaj Finance reported a 28.8% year-on-year increase in consolidated net profit to Rs 6,367 crore for the September quarter. Net interest income rose 23.6% to Rs 13,335 crore from Rs 10,785 crore in the corresponding quarter last year. Net total income increased 23% to Rs 15,974 crore. Assets under management grew 26% year-on-year to Rs 5.85 lakh crore as of September 30, 2026. The company added Rs 37,680 crore to its AUM during the quarter. Bajaj Finance booked 13.45 million new loans in Q2 FY27, up 11% from 12.17 million in the year-ago period. PVP Ventures PVP Ventures has issued a Letter of Intent (LOI) to Sweden-based Elekta Solutions AB for the proposed procurement of 10 HARMONY linear accelerator (LINAC) systems. The contractual consideration is proposed to be payable in Swedish krona, with the equivalent amount to be specified in the definitive Purchase and License Agreement. The systems are proposed to be operated by the company's subsidiary, Optimus Oncology Private Limited. PVP Ventures clarified that the LOI reflects its current commercial intention and does not constitute a definitive purchase agreement or obligate Elekta to supply the equipment. The proposed procurement remains subject to execution of the definitive agreement, necessary approvals, financing arrangements and other applicable contractual conditions. Just Dial Hyperlocal search platform Just Dial reported a 13.2% year-on-year increase in revenue to Rs 343 crore for the second quarter of FY27, compared with Rs 303.1 crore in the corresponding period last year. EBITDA rose 4.5% to Rs 91 crore from Rs 87.1 crore a year earlier. However, the EBITDA margin contracted to 26.4% from 28.7% in the year-ago quarter. Sun Pharmaceutical Industries Sun Pharmaceutical Industries said UNLOXCYT (cosibelimab-ipdl) has been elevated to a Category 2A recommended treatment option under the National Comprehensive Cancer Network (NCCN) guidelines. The recommendation applies to patients with locally advanced cutaneous squamous cell carcinoma (laCSCC) who are not candidates for curative surgery or curative radiation. Read more: WhatsApp stock tips: Nithin Kamath warns of more pump-and-dump schemes as ED freezes accounts worth Rs 200 crore Nelco Tata Group's satellite communication services company Nelco reported a 6.79% year-on-year increase in profit after tax (PAT) to Rs 1.73 crore for Q2 FY27, compared with Rs 1.62 crore in the corresponding quarter last year. Revenue from operations rose 5.1% to Rs 78.14 crore from Rs 74.33 crore, while total expenses increased 3.23% to Rs 69.02 crore from Rs 66.86 crore. EBITDA grew 22% year-on-year to Rs 9.1 crore from Rs 7.5 crore. The EBITDA margin expanded to 11.7% from 10% a year earlier. Venus Pipes & Tubes Venus Pipes & Tubes has commenced operations at part of its dedicated pipe-spooling manufacturing capacity ahead of the previously scheduled December 2026 timeline. Further the company has received a Letter of Intent worth Rs 185 crore from a data centre customer for pipe-spooling solutions. SML Mahindra SML Mahindra reported a 42.9% year-on-year decline in net profit to Rs 12 crore for the September quarter, compared with Rs 21 crore a year earlier. Revenue from operations increased 20.7% to Rs 670 crore from Rs 555 crore in the corresponding quarter last year. EBITDA fell 31% to Rs 29 crore from Rs 42 crore, while the EBITDA margin contracted to 4.3% from 7.6% in the year-ago period. InfoBeans Technologies AI-focused engineering company InfoBeans Technologies said it had received a Bronze Medal from EcoVadis following an ESG assessment. The rating places the company among the top 35% of businesses assessed by EcoVadis in the 12 months preceding the award. It applies to InfoBeans Technologies at the group level and remains valid until September 2027. Birlasoft Birlasoft has scheduled a board meeting for Wednesday, October 28, 2026, to consider and approve its unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. The board will also consider declaring an interim dividend for FY27. The company has fixed November 5, 2026, as the record date for determining shareholder eligibility for the interim dividend, if declared. PTC India PTC India received an updated ESG rating of 63 in the 'Strong' category from CRISIL ESG Ratings & Analytics. The company said the agency independently prepared the assessment using publicly available information relating to FY26. PTC India clarified that it had not engaged CRISIL for the rating. Read more: IPO bound Paras Healthcare raises Rs 652.50 crore from anchor investors as issue set to open on October 21 Orchid Pharma Orchid Pharma's board has approved an enabling resolution to explore fundraising opportunities of up to Rs 600 crore. The proposal remains subject to applicable statutory and regulatory approvals, including shareholder approval wherever required, along with other necessary permissions and consents. GRP GRP has completed the installation of solar power plants at Ankleshwar and Panoli in Gujarat and commenced commercial generation of solar power from October 19, 2026. The development follows the company's earlier disclosures to the stock exchanges regarding the projects. UFlex CRISIL Ratings has reaffirmed UFlex's credit ratings for bank loan facilities worth Rs 4,600 crore. The company's long-term rating remains at CRISIL AA-/Negative, while its short-term rating has been reaffirmed at CRISIL A1+. Q2 results today Eternal, Adani Green Energy, Indian Hotels Company, SRF, Vishal Mega Mart, KEI Industries, Mahindra & Mahindra Financial Services, PC Jeweller and Swastika Investmart are scheduled to announce their second-quarter results today. Disclosure: This article has been written by Kumar Gaurav, who is not a Sebi-registered Research Analyst or an Investment Adviser. Gaurav and their ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective Sebi-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
The Nifty 50 ended the session at 22,889, down 257 points, or 1.11%. From a technical perspective, the index needs to reclaim and sustain levels above 23,000, followed by the crucial resistance zone of 23,200–23,300, according to Ponmudi R, CEO of Enrich Money. A sustained breakout above this range could strengthen bullish momentum and improve the near-term outlook. Against this backdrop, shares of Reliance Industries, IREDA, Yes Bank, Waaree Renewable Technologies, Trent, Hindustan Zinc, RailTel Corporation of India and several other companies are likely to remain in focus on Wednesday, October 21, as investors track quarterly earnings, corporate announcements, fundraising plans and order wins. Reliance Industries The much-anticipated initial public offering (IPO) of Jio Platforms opens for public subscription today. The telecom company aims to raise Rs 30,213 crore through the issue. If completed as planned, the offering could become India's largest IPO, surpassing Hyundai Motor India's issue. Piramal Finance Piramal Finance, the financial services arm of the Piramal Group, reported a 67% year-on-year increase in second-quarter profit to Rs 545 crore, compared with Rs 327 crore in the year-ago period. Net interest income (NII) rose 35% to Rs 1,530 crore from Rs 1,132 crore a year earlier, while assets under management (AUM) grew 24% to Rs 1,13,112 crore. IREDA State-run Indian Renewable Energy Development Agency (IREDA) reported a marginal 0.5% year-on-year increase in net profit to Rs 552 crore for the September quarter, compared with Rs 549 crore a year earlier. Operating profit rose 16.5% to Rs 904 crore from Rs 776 crore in the corresponding quarter last year. Asset quality improved during the quarter, with gross non-performing assets (NPAs) declining to 3.57% from 3.76% and net NPAs easing to 1.08% from 1.23%. Read more: Jio IPO’s GMP rises to 22% as India’s largest ever issue set to open on October 21. Should you subscribe? NLC India NLC India received an Environmental, Social and Governance (ESG) rating of 57 from CRISIL ESG Ratings & Analytics. The company said the assessment was conducted independently by CRISIL using publicly available information. NLC India clarified that it had not engaged the agency for the rating. Yes Bank Moody's Investors Service has reaffirmed Yes Bank's ratings across several instruments, according to the bank's latest disclosure. The long-term foreign currency issuer rating was maintained at Ba1. The long-term local and foreign currency deposit ratings were also reaffirmed at Ba1. The bank's Baseline Credit Assessment (BCA) and Adjusted BCA remained at Ba2, while the rating on its senior unsecured foreign currency medium-term note programme was retained at (P)Ba1. L&T Technology Services L&T Technology Services (LTTS) reported a 53.7% quarter-on-quarter increase in consolidated net profit to Rs 548.2 crore for the September quarter of FY27. Revenue rose 3.4% sequentially to Rs 3,040 crore, exceeding the poll estimate of Rs 3,022.5 crore. The company had reported revenue of Rs 2,940.1 crore in the June quarter. Waaree Renewable Technologies Waaree Renewable Technologies, the engineering and construction arm of the Waaree Group, reported a 30% year-on-year decline in net profit to Rs 82 crore for the September quarter of FY27, compared with Rs 116 crore in the year-ago period. Revenue from operations, however, rose 36.53% to Rs 1,057.84 crore from Rs 775 crore a year earlier. Read more: Jio IPO vs Airtel shares: Which telecom giant offers greater valuation comfort to investors? ICICI Prudential Life Insurance ICICI Prudential Life Insurance received a rectification order from the Assistant Commissioner of Income Tax, Mumbai. The order relates to an incremental tax demand of Rs 97,07,75,200 and incremental interest of Rs 1,33,11,03,953. Hindustan Zinc Hindustan Zinc reported a 142% year-on-year surge in net profit to Rs 6,412 crore for the September quarter, compared with Rs 2,649 crore a year earlier. Trent Harish Bhat has resigned as non-executive, non-independent director of Trent after serving on the company's board for more than 12 years. The resignation was attributed to increasing professional and personal commitments. According to the company's disclosure, it took effect on Sunday, October 17. Trent is scheduled to announce its second-quarter FY27 results on October 29. RailTel Corporation of India RailTel Corporation of India received a Letter of Acceptance (LoA) from Haryana State Electronics Development Corporation Limited. The estimated order value is Rs 47.40 crore, including taxes, according to the company's regulatory filing. Read more: From ₹228 a GB to ₹7.5: How Mukesh Ambani’s Jio rewired India’s internet and is now seeking a ₹10 lakh crore valuation Kapston Services Kapston Services' board has approved a proposal to subdivide its existing equity shares, subject to shareholder approval through a postal ballot. Under the proposed split, each fully paid-up equity share with a face value of Rs 5 will be divided into five shares with a face value of Rs 1 each. The board has also approved an alteration to Clause V of the company's Memorandum of Association to reflect the proposed subdivision. Kirloskar Brothers Kirloskar Brothers informed the stock exchanges that its statutory auditor, Sharp & Tannan Associates, has converted its partnership firm into a limited liability partnership (LLP) under the Limited Liability Partnership Act, 2008. Bajaj Finance Bajaj Finance reported a 28.8% year-on-year increase in consolidated net profit to Rs 6,367 crore for the September quarter. Net interest income rose 23.6% to Rs 13,335 crore from Rs 10,785 crore in the corresponding quarter last year. Net total income increased 23% to Rs 15,974 crore. Assets under management grew 26% year-on-year to Rs 5.85 lakh crore as of September 30, 2026. The company added Rs 37,680 crore to its AUM during the quarter. Bajaj Finance booked 13.45 million new loans in Q2 FY27, up 11% from 12.17 million in the year-ago period. PVP Ventures PVP Ventures has issued a Letter of Intent (LOI) to Sweden-based Elekta Solutions AB for the proposed procurement of 10 HARMONY linear accelerator (LINAC) systems. The contractual consideration is proposed to be payable in Swedish krona, with the equivalent amount to be specified in the definitive Purchase and License Agreement. The systems are proposed to be operated by the company's subsidiary, Optimus Oncology Private Limited. PVP Ventures clarified that the LOI reflects its current commercial intention and does not constitute a definitive purchase agreement or obligate Elekta to supply the equipment. The proposed procurement remains subject to execution of the definitive agreement, necessary approvals, financing arrangements and other applicable contractual conditions. Just Dial Hyperlocal search platform Just Dial reported a 13.2% year-on-year increase in revenue to Rs 343 crore for the second quarter of FY27, compared with Rs 303.1 crore in the corresponding period last year. EBITDA rose 4.5% to Rs 91 crore from Rs 87.1 crore a year earlier. However, the EBITDA margin contracted to 26.4% from 28.7% in the year-ago quarter. Sun Pharmaceutical Industries Sun Pharmaceutical Industries said UNLOXCYT (cosibelimab-ipdl) has been elevated to a Category 2A recommended treatment option under the National Comprehensive Cancer Network (NCCN) guidelines. The recommendation applies to patients with locally advanced cutaneous squamous cell carcinoma (laCSCC) who are not candidates for curative surgery or curative radiation. Read more: WhatsApp stock tips: Nithin Kamath warns of more pump-and-dump schemes as ED freezes accounts worth Rs 200 crore Nelco Tata Group's satellite communication services company Nelco reported a 6.79% year-on-year increase in profit after tax (PAT) to Rs 1.73 crore for Q2 FY27, compared with Rs 1.62 crore in the corresponding quarter last year. Revenue from operations rose 5.1% to Rs 78.14 crore from Rs 74.33 crore, while total expenses increased 3.23% to Rs 69.02 crore from Rs 66.86 crore. EBITDA grew 22% year-on-year to Rs 9.1 crore from Rs 7.5 crore. The EBITDA margin expanded to 11.7% from 10% a year earlier. Venus Pipes & Tubes Venus Pipes & Tubes has commenced operations at part of its dedicated pipe-spooling manufacturing capacity ahead of the previously scheduled December 2026 timeline. Further the company has received a Letter of Intent worth Rs 185 crore from a data centre customer for pipe-spooling solutions. SML Mahindra SML Mahindra reported a 42.9% year-on-year decline in net profit to Rs 12 crore for the September quarter, compared with Rs 21 crore a year earlier. Revenue from operations increased 20.7% to Rs 670 crore from Rs 555 crore in the corresponding quarter last year. EBITDA fell 31% to Rs 29 crore from Rs 42 crore, while the EBITDA margin contracted to 4.3% from 7.6% in the year-ago period. InfoBeans Technologies AI-focused engineering company InfoBeans Technologies said it had received a Bronze Medal from EcoVadis following an ESG assessment. The rating places the company among the top 35% of businesses assessed by EcoVadis in the 12 months preceding the award. It applies to InfoBeans Technologies at the group level and remains valid until September 2027. Birlasoft Birlasoft has scheduled a board meeting for Wednesday, October 28, 2026, to consider and approve its unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. The board will also consider declaring an interim dividend for FY27. The company has fixed November 5, 2026, as the record date for determining shareholder eligibility for the interim dividend, if declared. PTC India PTC India received an updated ESG rating of 63 in the 'Strong' category from CRISIL ESG Ratings & Analytics. The company said the agency independently prepared the assessment using publicly available information relating to FY26. PTC India clarified that it had not engaged CRISIL for the rating. Read more: IPO bound Paras Healthcare raises Rs 652.50 crore from anchor investors as issue set to open on October 21 Orchid Pharma Orchid Pharma's board has approved an enabling resolution to explore fundraising opportunities of up to Rs 600 crore. The proposal remains subject to applicable statutory and regulatory approvals, including shareholder approval wherever required, along with other necessary permissions and consents. GRP GRP has completed the installation of solar power plants at Ankleshwar and Panoli in Gujarat and commenced commercial generation of solar power from October 19, 2026. The development follows the company's earlier disclosures to the stock exchanges regarding the projects. UFlex CRISIL Ratings has reaffirmed UFlex's credit ratings for bank loan facilities worth Rs 4,600 crore. The company's long-term rating remains at CRISIL AA-/Negative, while its short-term rating has been reaffirmed at CRISIL A1+. Q2 results today Eternal, Adani Green Energy, Indian Hotels Company, SRF, Vishal Mega Mart, KEI Industries, Mahindra & Mahindra Financial Services, PC Jeweller and Swastika Investmart are scheduled to announce their second-quarter results today. Disclosure: This article has been written by Kumar Gaurav, who is not a Sebi-registered Research Analyst or an Investment Adviser. Gaurav and their ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective Sebi-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on the
document fetched 2026-10-21 02:57