ensex Today, Nifty 50 | Stock Market Live Updates - Find here all the live updates related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for 21st October 2026.
Shares fell on Wednesday as higher crude oil prices kept investors wary, while the IPO of billionaire Mukesh Ambani’s Jio Platforms was fully subscribed within hours of launch.
The benchmark Nifty 50 fell 0.34% to 22,811.35, and the Sensex lost 0.19% to 73,709.69. They had risen about 1% in early trading.
India’s benchmark IT index, Nifty IT, climbed 695 points or 2.21 per cent to 32,211.35 on Wednesday, emerging as the standout gainer in an otherwise bruising session for domestic equities. Wipro led the pack with a 3.30 per cent gain to ₹188.15, followed by Infosys and Mphasis. The sole decliner was OFSS, which slipped 0.14 per cent. Nine of ten constituents advanced.
Jio Platforms’ $3.2 billion IPO was fully subscribed within two hours of public bidding opening, as investors flocked to India’s largest share sale and the first from Ambani’s Reliance in two decades.
Click here to track Jio Platforms IPO Day 1 Live Updates
HDFC Bank probe finds two senior executives shared confidential information with outsiders
HDFC Bank probe finds two executives shared confidential information
HDFC Bank’s internal probe found evidence that two senior executives shared confidential business strategies and possible market-sensitive information with outsiders.
- October 21, 2026 15:59
Rupee jumps 0.5% to 94.46/$ on Jio IPO-linked inflows; elevated oil prices spur caution
Rupee jumps 0.5% to 94.46/$ on Jio IPO-linked inflows; elevated oil prices spur caution
The Indian currency touched its strongest level since early September, but pared gains in the second half of the session as Brent crude rose above $110 a barrel and domestic equities fell.
- October 21, 2026 15:47
Nifty IT surges 2.2% as IT stocks buck market-wide selloff
Nifty IT surges 2.2% as IT stocks buck market-wide selloff
Nifty IT leaps 2.21% amid mixed markets as Wipro, Infosys, Mphasis lead gains; broader indices remain weak.
- October 21, 2026 15:41
Market Quote by Vikram Kasat - Chief Business Officer – Advisory and Dealing at PL Capital
“Indian equities came under renewed selling pressure after surrendering early gains, with the Sensex falling over 500 points and the Nifty slipping below 22,700, reflecting profit-booking and heightened risk aversion. Auto, metal and banking stocks remained under pressure, while IT outperformed, indicating selective buying rather than broad-based confidence. Brent crude trading above $110 per barrel raises concerns over imported inflation, corporate margins and the rupee, which strengthened to ₹94.71 against the US dollar. Gold and silver weakened as elevated oil prices fuelled inflation concerns and reinforced expectations of tighter US monetary policy. Markets may remain volatile; investors should track geopolitical developments, crude prices and earnings, favouring fundamentally strong stocks.”
- October 21, 2026 15:24
West India wellbeing matches national average; Mumbai lags in sleep quality, finances
West India scored 65 out of 100 in overall wellbeing, matching the national average, while Mumbai scored 62/100, according to ManipalCigna Health Insurance’s India Health Quotient (IHQ) 2026.The study flagged gaps in quality sleep and financial preparedness, with only 53 per cent of Mumbai respondents rating their sleep quality highly.It also found that insured Indians scored 68/100 in overall wellbeing, compared with 62/100 among the uninsured.The West India insights were released as part of the IHQ 2026 survey.
- October 21, 2026 15:07
Refex Industries received a one-year Slab-wise Rate Contract for ash transportation from a Maharatna government company, with a maximum value of Rs. 31.44 crore
Refex Industries received a one-year Slab-wise Rate Contract for ash transportation from a Maharatna government company, with a maximum value of Rs. 31.44 crore, extendable six months. The contract is domestic, non-related-party, involves road project deliveries, and has no promoter interest or related-party transactions.
- October 21, 2026 15:06
Sybly Industries approved appointing Nand Kishore Ray and Dheeraj Kumar as additional non-independent directors
Sybly Industries approved appointing Nand Kishore Ray and Dheeraj Kumar as additional non-independent directors from October 21, 2026, both non-debarred and unrelated to existing board members. Ray supports Johnson Pharmacare, while Kumar also serves Johnson Pharma.
- October 21, 2026 15:05
Essar Ports wins Rs 2,276 cr Tuna Tekra terminal project at Kandla
Essar Ports has secured a letter of award from Deendayal Port Authority to develop an 18.33-million-tonne-a-year multipurpose cargo terminal at Tuna Tekra in Gujarat’s Kandla port, marking a renewed push by the group to expand its ports business.
The project carries an estimated cost of Rs 2,276.06 crore, including an investment of Rs 1,552.57 crore by Essar Ports and Rs 723.49 crore by the port authority, the company said in a statement.
The terminal will be developed under a 30-year build-operate-transfer concession through the public-private partnership route, with Essar emerging as the highest bidder in a global competitive bidding process. (PTI)
- October 21, 2026 15:00
SRF Ltd Q2 FY27: Net profit at ₹509.1 cr
- Revenue from operations: Rs 4,904.2 cr (−2.6% QoQ, +34.7% YoY)
- Total income: Rs 4,929.1 cr
- Profit before tax (PBT): Rs 671.0 cr
- Net profit (PAT): Rs 509.1 cr; Net margin: 10.38%
- Operating margin (EBIT/Revenue): 15.13%
- Basic EPS: Rs 17.18
Half-year (H1 FY27) snapshot:
- Revenue from operations: Rs 9,937.5 cr
- Net profit (PAT): Rs 1,268.0 cr
- Basic EPS: Rs 42.78
- October 21, 2026 14:55
Choice Mutual Fund launches large and mid cap fund; NFO closes on November 3
Choice Mutual Fund launches large and mid cap fund; NFO ends November 3
Choice Mutual Fund’s large and mid cap fund NFO runs until November 3, with at least 35% each in large and mid cap stocks and SIPs from ₹250.
- October 21, 2026 14:53
Grasim Industries announced the commercial start of its Epichlorohydrin plant in Vilayat, Gujarat
Grasim Industries announced the commercial start of its Epichlorohydrin plant in Vilayat, Gujarat, with 50,000 tonnes annual capacity, effective October 21, 2026. This milestone enhances its growth and downstream chlor-alkali derivatives portfolio.
- October 21, 2026 14:48
Marco Rubio meets Adani, Tata chiefs before visiting Reliance’s Jamnagar refinery
Marco Rubio meets Adani, Tata chiefs before Reliance Jamnagar visit
US Secretary of State Marco Rubio met Gautam Adani and Tata's N Chandrasekaran before visiting Reliance's Jamnagar refinery, Vantara and clean-energy giga factories.
- October 21, 2026 14:46
Indian Oil to trim West Asia oil imports under annual deals amid Iran war
Indian Oil to trim West Asia oil imports under annual deals amid Iran war
IOC, the country's top refiner, had planned to source about 47% of its crude imports from West Asia producers under annual deals on a free-on-board (FOB) basis
- October 21, 2026 14:42
LMW Q2 profit jumps 74% as revenue rises 38%
LMW Limited reported a standalone net profit of ₹87.21 crore for the quarter ended 30 September 2026, up from ₹45.14 crore a year earlier and ₹66.01 crore in the preceding quarter.
The company also approved capacity expansion through a new unit in Coimbatore.
Key financials — standalone
Revenue from operations: ₹1,127.52 crore, up 45.3% year on year from ₹776.03 crore and 32.1% sequentially from ₹853.30 crore.
Total income: ₹1,153.47 crore, versus ₹815.38 crore a year earlier.
Profit before tax: ₹118.52 crore, more than doubling from ₹59.14 crore in Q2 FY26.
Net profit: ₹87.21 crore, up 93.2% year on year.
Earnings per share: ₹81.63, compared with ₹42.25 in the year-ago quarter.
Total expenses: ₹1,034.75 crore, up from ₹756.24 crore, led by higher material consumption of ₹730.38 crore.
- October 21, 2026 14:40
Vipul Organics today announced the appointment of Tushar Jagtap as President – India & Subcontinent, Sales & Marketing
Vipul Organics today announced the appointment of Mr. Tushar Jagtap as President – India & Subcontinent, Sales & Marketing, effective immediately. He will report directly to the Managing Director and Directors of the Company.
Mr. Jagtap brings over 30 years of extensive experience in sales leadership, business development, strategic market expansion, and commercial management within the chemicals, pigments, and coatings industries, with reputed organizations such as Archroma and Clariant Chemicals (now Sudarshan Colorants) and driven robust growth.
In his new role at Vipul Organics, Mr. Jagtap will lead the Sales & Marketing function for India and the Subcontinent, focusing sharply on business expansion, deepening customer engagement, driving market penetration, and achieving the company’s commercial objectives.
- October 21, 2026 14:38
Khazanchi Jewellers gets nod from BSE and NSE to migrate from SME platform to main board
Khazanchi Jewellers Ltd received in-principle approvals from BSE and NSE to migrate from SME platform to main board, subject to compliance and submission of listing applications. The approvals, valid for 45 days, facilitate transition to the capital market segment, pending final approval and regulatory compliance, with NSE launching a new mobile app for further procedures.
- October 21, 2026 14:31
Adani Green Energy Q2 consolidated profit ₹747 crore; energy sales grew 32% y-o-y to 25.8 billion units
Energy sales: 12,090 million units, up 33% YoY.
Power-supply revenue: Rs. 4,019 crore, up 45% YoY.
Power-supply EBITDA: Rs. 3,835 crore, up 51% YoY, with margin expanding to 92.0% from 90.5% a year earlier.
Cash profit: Rs. 1,951 crore, up 45% YoY.
Consolidated net profit: Rs. 747 crore, compared with Rs. 644 crore in Q2 FY26.
Operational renewable capacity: 20.8 GW, up 24% YoY; the company added 4,083 MW over the past year.
Battery storage: Installed 3.08 GWh in Q2, taking cumulative BESS capacity to 6.63 GWh
- October 21, 2026 14:26
Goa Carbon informed stock exchanges about rectification orders increasing the tax refund for FY2010-11 from Rs. 76.15 lakh to Rs. 1.42 crore
Goa Carbon informed stock exchanges about rectification orders increasing the tax refund for FY2010-11 from Rs. 76.15 lakh to Rs. 1.42 crore, with additional interest granted. The company is evaluating its legal options regarding a pending writ petition before the Bombay High Court, Goa bench, linked to these tax refunds.
- October 21, 2026 14:21
ETERNAL LTD (ZOMATO) – EARNINGS ESTIMATES SUMMARY
1. 2QFY27 (Sep ‘26) Quarterly Preview
* Bloomberg Consensus:
- Revenue: ₹234.48 bn (QC: ₹185.07 bn | FD: ₹32.24 bn | Hyperpure: ₹11.77 bn)
- Net Profit (PAT): ₹2.80 bn
* Goldman Sachs (Buy | TP: ₹385):
- Reported Revenue: ₹231.3 bn (+70% YoY, +14% QoQ)
- Adj. EBITDA: ₹6.76 bn | Reported EBITDA: ₹7.41 bn
- PAT: ₹1.65 bn | EPS: ₹0.17
- Food Delivery NOV: ₹113.4 bn (+20% YoY, +5% QoQ) | Adj. EBITDA: ₹6.36 bn (5.6% margin)
- Blinkit (QC) NOV: ₹199.9 bn (+71% YoY, +17% QoQ) | Adj. EBITDA: ₹1.71 bn (0.9% margin)
* Kotak - KIE (Buy | TP: ₹395):
- Reported Revenue: ₹237.3 bn (+75% YoY, +17% QoQ)
- Adj. EBITDA: ₹7.17 bn | Reported EBITDA: ₹8.54 bn
- PAT: ₹2.93 bn (+351% YoY, +219% QoQ) | EPS: ₹0.30
- Food Delivery NOV: ₹113.1 bn (+20% YoY, +5% QoQ) | Adj. EBITDA: ₹6.43 bn (5.7% margin)
- Blinkit (QC) NOV: ₹204.1 bn (+75% YoY, +19% QoQ) | Adj. EBITDA: ₹1.92 bn (0.9% margin)
* Motilal Oswal (Buy | TP: ₹430):
- Food Delivery GOV: +21.7% YoY / +6.1% QoQ | Adj. EBITDA: ₹6.80 bn (~4.9% of GOV)
- Blinkit (QC) NOV: ₹210.2 bn (+22.7% QoQ) | Adj. EBITDA: ₹2.28 bn (~1.0% margin)
* Morgan Stanley (Overweight | TP: ₹373):
- Blinkit (QC) NOV: ~19% QoQ growth | Adj. EBITDA margin: +30 bps QoQ (~0.9% of NOV)
Key Segmental Trajectory (GS & Kotak Range)
* Blinkit (Quick Commerce):
- NOV (₹ bn): 485.7 (FY26) -> 825.7–835.0 (FY27E) -> 1,155.9–1,162.0 (FY28E) -> 1,444.9–1,491.0 (FY29E)
- Adj. EBITDA (₹ bn): -2.8 (FY26) -> 9.3 (FY27E) -> 25.7–26.4 (FY28E) -> 40.5–52.4 (FY29E)
* Zomato (Food Delivery):
- NOV (₹ bn): 379.9 (FY26) -> 457.0–457.9 (FY27E) -> 540.5–548.0 (FY28E) -> 636.7–655.0 (FY29E)
- Adj. EBITDA (₹ bn): 20.2 (FY26) -> 26.2–28.2 (FY27E) -> 32.7–34.3 (FY28E) -> 39.0–41.6 (FY29E)
- October 21, 2026 14:20
Oriental Rail Q2 profit jumps 44% as revenue climbs 29%; order book stands at ₹1,571 crore
- October 21, 2026 14:17
InfoBeans achieves Select Partner tier in Claude Partner Network
InfoBeans Technologies Ltd., an AI-first engineering company, has achieved the Select Partner tier in Anthropic’s Claude Partner Network Services Track.
The listed engineering company, which already earns 43 per cent of its revenue from AI-led engineering, focuses on developing agentic enterprise solutions that operate within enterprise systems with reliability, governance and cost discipline.
- October 21, 2026 14:17
Aditya Birla Sun Life AMC Q2 FY27: Revenue rises 4.9%, but quarterly profit falls 8.4%
Key results
Consolidated revenue from operations: ₹483.8 crore, up 4.9% year on year and 4.5% quarter on quarter.
Consolidated net profit: ₹221.0 crore, down 8.4% year on year and 28.6% quarter on quarter.
Total income: ₹526.2 crore, up 3.9% year on year, but down 15.9% sequentially due largely to lower other income.
Total expenses: ₹230.0 crore, up 20.5% year on year, led by employee-benefit expense of ₹126.3 crore, up 32.8%.
Profit before tax: ₹296.2 crore, down 6.1% year on year and 27.1% sequentially.
Earnings per share: Basic EPS was ₹7.64, versus ₹8.36 a year earlier and ₹10.72 in the preceding quarter.
Half-year performance: Revenue from operations rose 4.2% to ₹946.8 crore, while net profit increased 2.3% to ₹530.5 crore.
Shareholder return: The company paid a final dividend of ₹25.50 per share during the first half of FY27.
- October 21, 2026 14:03
Zydus Lifesciences gets USFDA nod for menopause treatment drug
Zydus Lifesciences gets USFDA nod for menopause treatment drug
Zydus Lifesciences gains USFDA approval for Estradiol and Levonorgestrel Transdermal System, a CGT menopause patch with $45.7 million US sales potential.
- October 21, 2026 14:01
Nureca Q2 profit rises 12% y-o-y as revenue jumps 55%
Nureca reported a stronger Q2 FY27, with consolidated revenue growth outpacing profit growth as expenses also increased.
Key numbers (consolidated, quarter ended 30 September 2026):
Revenue from operations: ₹58.53 crore, up 55.1% YoY and 45.0% QoQ
Profit after tax: ₹4.05 crore, up 11.7% YoY and 32.1% QoQ
Profit before tax: ₹5.52 crore, up 20.0% YoY
EPS: ₹4.25, versus ₹3.63 a year earlier
H1 revenue: ₹98.87 crore, up 37.5% YoY
H1 profit after tax: ₹7.12 crore, up 60.4% YoY
Q2 profit growth trailed revenue growth, with total expenses rising to ₹543.6 million from ₹354.6 million a year earlier.
- October 21, 2026 13:55
Carlsberg said to near public filing for $700 million India IPO
Carlsberg said to near public filing for $700 million India IPO
Carlsberg India aims for a $700 million IPO with roadshows, potentially launching in December, via a secondary share sale.
- October 21, 2026 13:55
J&K Bank reports record FY 2025–26 net profit of ₹2,363 crore, with total business rising 13.6% to ₹2.90 lakh crore
Jammu and Kashmir Bank reports record profit of ₹2,363 crore; total business of ₹2.9 lakh crore, asset quality improvement, and capital adequacy at 16.55%. Leadership emphasised digital transformation, risk management, and regional development, aiming for ₹5 lakh crore business and ₹5,000 crore profit by 2030.
- October 21, 2026 13:46
Gold and Silver Outlook: Ashish Rajodiya, Head of Commodities, PL Capital
Gold and silver are lower on Wednesday, with MCX gold at ₹1,45,917 per 10 grams, down ₹602, and MCX silver at ₹2,09,000 per kg, down ₹2,485 or 1.18%, while spot gold slips to around $4,110 an ounce for a fourth straight session of losses. Early hopes of an Iran peace deal pulled oil down and briefly helped the metals, but those gains faded once crude recovered after a diplomat dismissed reports that an agreement was close. Costlier oil keeps inflation worries alive, and markets see roughly an 85% chance of another Fed hike later this year, even though the October 27–28 meeting is widely expected to bring a hold. Clear progress on Iran and softer crude would ease rate fears and support bullion, while a fresh oil spike would keep both metals under pressure.
- October 21, 2026 13:43
Zydus Lifesciences gets USFDA nod for menopause treatment drug
Zydus Lifesciences Ltd on Wednesday said it has received the final approval from the US health regulator to market a generic transdermal system for treatment of moderate to severe symptoms of menopause and prevent postmenopausal osteoporosis.
The final approval granted by the US Food and Drug Administration (USFDA) is for Estradiol and Levonorgestrel Transdermal System (0.045 mg/0.015 mg per day), the company said in a regulatory filing.
The product has been designated as a Competitive Generic Therapy (CGT) and is eligible for 180 days of CGT exclusivity, which will commence upon its first commercial marketing, it added. (PTI)
- October 21, 2026 13:39
HDFC Bank Probe Finds That Senior Executives Leaked Secrets - Bloomberg
- October 21, 2026 13:35
BSE announces SEBI’s approval of Shri Ashutosh Singh as Executive Director for Vertical 3, effective upon his joining, pending shareholder ratification.
- October 21, 2026 13:34
Bharat Parenterals’ subsidiary Innoxel Lifesciences begins US commercial supply operations
Bharat Parenterals’ subsidiary Innoxel Lifesciences began U.S. commercial supply on October 20, 2026, with a product launched through a CMO arrangement, marking a shift from licensing income to recurring revenue. Innoxel’s Gujarat facility received FDA and EU-GMP approvals, with more CMO launches planned; the company works with 19 partners across regulated markets.
- October 21, 2026 13:28
Mahindra Holidays’ Q2 consolidated PAT rises 17%
Mahindra Holidays & Resorts India Ltd reported a 17 per cent year-on-year increase in consolidated profit after tax (PAT) for the quarter ended September 30, 2026, driven by strong sales and resort revenue momentum.
Sales rose 6 per cent year-on-year to ₹141 crore, while average unit realisation, including upgrades, increased 43 per cent to ₹13.4 lakh. Membership upgrades grew 26 per cent to ₹83 crore.
Resort revenue rose 15 per cent to ₹96 crore, with occupancy improving 220 basis points year-on-year to 75.6 per cent.
As of September 30, the company had deferred revenue of ₹5,828 crore and cash of ₹1,329 crore. Its portfolio comprised 5,762 keys across 106 resorts, and its cumulative membership base stood at 3,02,886.
- October 21, 2026 13:26
Nifty reverses early gains, 322 stocks hit 52-week lows
Gap-up gone: Nifty reverses early gains, 322 stocks hit 52-week lows
The Nifty Midcap 100 declined 1.7% and Nifty Smallcap 100 fell 2.4%, indicating that the selling was broader and deeper than headline index moves suggested
- October 21, 2026 13:26
SFC Environmental Technologies IPO to open on October 27; price band set at ₹313–330
SFC Environmental Technologies IPO: Price band, dates and issue details
SFC Environmental Technologies’ ₹668-crore IPO opens October 27 at ₹313–330 per share, with a fresh issue, offer for sale and listing planned for November 3.
- October 21, 2026 13:13
Kapston Services Q2 profit rises 19% to ₹8.41 crore
Kapston Services Ltd, an end-to-end manpower solutions provider, reported a 19.12 per cent year-on-year increase in consolidated profit after tax to ₹8.41 crore for Q2FY27. Revenue rose 6.82 per cent to ₹225.68 crore from ₹211.27 crore in the year-ago quarter. EBITDA increased 40.96 per cent to ₹14.90 crore from ₹10.57 crore in Q2FY26, according to the company’s financial results for the quarter ended September 30, 2026.
- October 21, 2026 13:13
Vishal Mega Mart Q2 revenue rises 14% to ₹3,398.5 crore
Vishal Mega Mart reported a 14 per cent year-on-year increase in revenue from operations to ₹3,398.5 crore in Q2FY27. Operating EBITDA, before Ind AS 116 and ESOP charges, rose 3.7 per cent to ₹262.2 crore, while adjusted profit after tax increased 6.4 per cent to ₹172 crore. Operating EBITDA margin declined to 7.7 per cent from 8.5 per cent a year earlier, impacted by festive buying shifting from the second to the third quarter. The retailer added 26 gross stores and 25 net stores during the quarter.
- October 21, 2026 12:57
Paras Healthcare Limited allots 94,15,584 equity shares to 39 anchor investors, raise ₹652.5 crore
Paras Healthcare Limited has allotted 94,15,584 Equity Shares to 39 Anchor Investors and raised ₹652.5 crore at the at the Anchor Investor Allocation Price of ₹693 per Equity Share, with a face value of ₹1 per Equity Share (including a share premium of ₹692 per Equity Share).
Some of the marquee names include domestic mutual funds such as SBI Mutual Fund, HDFC Mutual Fund, ICICI Prudential Mutual Fund Kotak Mutual Fund,Whiteoak Capital Mutual Fund and insurance companies such as ICICI Prudential Life, Edelweiss Life and Canara HSBC Life.
The anchor also saw major global institutional investor participation from Abu Dhabi Investment Authority Blackrock, Government Pension Fund Global, Eastspring Investments among others.
Out of the total allocation of 94,15,584 Equity Shares to the Anchor Investors, 55,55,574 Equity Shares (i.e. 59.00% of the total allocation to Anchor Investors) were allocated to 9 domestic Mutual Funds, which applied through a total of 24 schemes.
- October 21, 2026 12:56
Former Groww team launch Onto, a customer-first travel platform, with $1 million in pre-seed funding
Onto, a Bengaluru-based customer-first travel platform founded by former Groww professionals Jagdeep Singh and Shubham Goyal, has launched its services and raised $1 million in pre-seed funding. The funding round was led by Stargazer Fund and co-led by Singapore-based White Venture Capital.
Onto launches with a simple promise: to stay on the traveller’s side even after they pay. Its first offering, Price Drop Refund, automatically gives travellers the difference back when hotel prices fall after booking, including for eligible bookings made on other platforms. Onto brings together a team with experience in building consumer technology products. The company aims to extend a technology-led, customer-focused approach to travel, beginning with hotel bookings.
The company will use the fresh capital to scale operations, strengthen the company’s technology infrastructure and develop new products as Onto builds towards a more connected, AI-led travel experience.
Jagdeep Singh, Co-founder, Onto, said, “The travel industry is built around transactions, so the moment you pay, everyone stops caring. We started Onto to be the platform that stays on your side after you book. Today, that means refunding you when your hotel’s price drops, wherever you booked it. Tomorrow, it means looking after your entire trip, bringing every booking into one place, and using AI to show you only what matters to you, and why.”
- October 21, 2026 12:56
Shriram Group appoints Amit Golia as MD & CEO, to build Assisted DIY investment platform for retail and HNI investors in move to strengthen capital markets business
The Shriram Group is strengthening its capital markets business with the rebranding of Way2Wealth, acquired by the Group in 2020, as Shriram Financial Services Pvt. Ltd. (Shriram FS). The move brings the broking business under the trusted Shriram brand and marks the next phase of the Group’s capital markets strategy. The rebranding process is currently underway.
As part of this next phase, Amit Golia has been appointed as Managing Director & Chief Executive Officer of Shriram FS. Amit has been part of the capital markets industry for the last 26 years and was previously associated with Motilal Oswal, Axis Securities and SBI Securities.
Shriram FS will focus on India’s emerging value-discerning investor segment through an Assisted DIY (Do-It-Yourself) investing platform. Designed for investors who want the flexibility of managing their own investments without foregoing expert support, the model aims to bridge the gap between self-directed investing platforms and traditional advisory-led services.
- October 21, 2026 12:54
Aye Finance reports highest-ever quarterly profit of ₹87 crore in Q2 FY27, up 151% y-o-y and 16% q-o-q
RoAUM at 4.7%; credit cost declines for the 7th consecutive quarter to 3.8%; operating expense ratio declines to 8.6%
Aye Finance Limited (NSE: AYE, BSE: 544699), India’s leading NBFC that is solving the credit challenges of India’s micro enterprise sector, today announced its financial results for the quarter ended September 30, 2026 (Q2FY27). The Company reported its highest-ever quarterly profit after tax of INR 86.7 Crore, a 151% YoY and 16% QoQ jump, delivering a Return on AUM (RoAUM) of 4.7% for the quarter. Credit cost declined for the seventh straight quarter to 3.8%, while the operating expense ratio declined to 8.6%, lowest in the last 8 quarters.
Financial Numbers
Profit after tax (PAT): INR 86.7 Crore, up 151% YoY (Q2FY26: INR 34.5 Crore) and 16% QoQ (Q1FY27: INR 74.5 Crore)
RoAUM: 4.7%, versus 2.4% in Q2FY26 and 4.2% in Q1FY27
Credit cost: 3.8%, the seventh consecutive quarterly decline, versus 5.0% in Q2FY26 and 4.0% in Q1FY27
Operating expense ratio: declined to 8.6%, versus 9.6% in Q2FY26 and 8.9% in Q1FY27- lowest in the last 8 quarters
Net Interest Margin (NIM): 15.6%, up 173bps YoY and lower by 34bps QoQ
Incremental Cost of Borrowing: reduced to 10.04%, down 72bps YoY and 16bps QoQ
Return on Equity (RoE): 13.1%, versus 8.1% in Q2FY26 and 11.6% in Q1FY27
Net Worth as on 30th September 2026 is INR 2695 Crore with a Book Value Per Share of INR 110 per share.
- October 21, 2026 12:53
Bank of Baroda launches festive campaign with offers across retail loans, MSME financing, savings products and debit card spends
Bank of Baroda has launched its festive campaign, “bob Ke Sang Tyohaar Ki Umang – Shubh Bhi, Labh Bhi,” featuring a range of offers across retail loans, MSME financing, savings products and debit card spends to make festive financial aspirations more accessible and rewarding for customers.
Under the campaign, home loans start at 7.40% and car loans at 7.85%, along with attractive concessions and benefits for eligible customers. The festive offerings also include discounts on debit card spends, specialised savings solutions for women, the bob Flexi Systematic Deposit Plan starting at ₹500 per month, and financing solutions for MSMEs.
- October 21, 2026 12:52
Motorica launches local production of its own bionic prostheses in India
The project marks the company’s first international transfer of manufacturing technology and a major milestone in its overseas production localization strategy
New Delhi, 21st October 2026. Motorica Group, a leading Russian MedTech company focused on assistive technologies and medical cybernetics, has launched local production of its proprietary bionic hand prostheses in India. The company’s manufacturing unit has been established at the facility of Motorica’s Indian partner, a prosthetics developer and manufacturer, in Ghaziabad, Uttar Pradesh.
This development involves transferring Motorica’s manufacturing technologies to its Indian partner and initiating localized production of Indy Hand, the company’s single-grip myoelectric hand prosthesis. Motorica specialists have trained local personnel, implemented manufacturing processes, and introduced quality control standards. To date, several dozen prostheses have been manufactured at the facility, with some already fitted to users. Motorica plans to expand localized production and introduce additional products from its portfolio at the Indian facility.
- October 21, 2026 12:51
Bullion tests key support amid inflation and Fed uncertainty: Renisha Chainani, chief research officer at Augmont, writes
· Price Movement – Gold and silver are still under pressure. Higher oil prices have revived inflation worries, and investors are now looking to next week’s Federal Reserve meeting for hints on where interest rates go from here. With energy costs keeping inflation stubbornly high, the market continues to expect the Fed to tighten further.
· Geopolitical Tensions – Tensions are building in the Middle East and Eastern Europe, and a fresh wave of attacks on tankers in the Strait of Hormuz has deepened fears of supply disruptions. Oil started climbing again after a diplomat played down reports that a deal to end the US-Iran conflict was close, though talks are still going on.
· Macro-Economic Signals – The Fed is set to skip a rate hike this month and deliver one in December instead. Policymakers are signalling patience, even though sticky inflation makes a case for a tougher stance. According to CME’s FedWatch Tool, the odds of a hike at the October 27-28 meeting are as low as 16%, while traders still see a 90% chance of a hike in December.
Technical Triggers
· Gold is holding within a key support zone of $4,080–$4,200 (₹1,45,000–₹1,51,000). If prices sustain above $4,200, a near-term rebound towards $4,400 (₹1,58,000) looks likely. However, a break below support could drag prices down to $3,950 (~₹1,42,000).
· Silver is also trading near its $57 support (₹2,09,000). If it stays below this level, the next target would be $54–55.50 (₹2,00,000–₹2,05,000), an area where buyers have stepped in twice before. A decisive move back above $59 (₹2,16,000) could clear the way for a run towards $62 (₹2,28,000).
- October 21, 2026 12:45
SpaceX revenue surge: Daniel Munday, Principal Analyst, VT Markets, on what it means for investors
SpaceX’s Q3 2026 results reflect a strong growth trajectory, with revenue rising 161% year-on-year to $14.58 billion, surpassing expectations of $12.7–$12.9 billion. Adjusted EBITDA stood at $8.81 billion against expectations of approximately $6.6 billion, while net income reached $4.40 billion, marking the company’s first quarterly profit since listing. The Super Intelligence (AI) business emerged as the largest revenue contributor at $7.56 billion, followed by Connectivity/Starlink at $5.25 billion and Space/Rockets at $1.77 billion, with all three segments exceeding analyst estimates.
However, the key concern remains the scale of investment required to sustain this growth. Capital expenditure reached $19.59 billion in Q3, including $16.44 billion for Super Intelligence, taking nine-month capex to $48.07 billion. Management indicated that Q4 capital expenditure could rise to $35–$40 billion as AI infrastructure expands. Meanwhile, Starlink’s consumer subscriber base increased to 13.6 million from 12 million in Q2, although it remained below some pre-earnings estimates of 14.2–14.3 million. Monthly revenue per customer improved to $69 from $66 in Q2 but remained below $83 a year earlier, reflecting expansion into lower-price markets.
Going forward, the sustainability of AI monetisation, infrastructure spending, and Starlink’s subscriber growth will be critical in determining investor sentiment. From a technical perspective, $158.02 is the key resistance level, with a sustained move above it potentially supporting a recovery towards $172.63. On the downside, a break below $140.56 could bring $131.34 and $107.17 into focus. Investors will also monitor Tesla’s Q3 results, ongoing SpaceX–Tesla merger discussions, the Federal Reserve meeting on October 27–28, and broader sentiment towards capital-intensive AI infrastructure investments. The central question is whether SpaceX can sustain its strong revenue and profitability growth while funding its substantial infrastructure expansion.
- October 21, 2026 12:36
Royal Orchid Hotels launches Regenta Place in Kota
Royal Orchid Hotels Ltd, through its subsidiary Regenta Hotels Private Limited, has launched Regenta Place in Kota, Rajasthan, targeting business, leisure and family travellers. Located at Aerodrome Circle on DCM Road, the hotel offers 57 rooms and suites, along with all-day dining at Pinxx, which serves Indian, Oriental, Continental and regional cuisine.
- October 21, 2026 12:32
Rubio’s India visit puts energy security in focus as crude costs rise amid global disruptions: Kotak Neo’s Banerjee
Rubio’s India visit puts energy security in focus as crude costs rise amid global disruptions: Kotak Neo’s Banerjee
India will prioritize cheapest crude amid global disruptions, balancing energy security, diplomacy, and rising costs, per Kotak Neo’s Banerjee.
- October 21, 2026 12:26
RIL's stock climbs 2% as Jio Platforms IPO achieves full subscription in just 100 minutes
RIL's stock climbs 2% as Jio Platforms IPO achieves full subscription in just 100 minutes
Shares of Reliance Industries climbed 2 per cent on the stock exchanges on Wednesday as its digital arm Jio Platforms’ Rs 30,213-crore initial public offering achieved full subscription in just 100 minutes of opening, setting a record for the fastest subscription of a public issue.
- October 21, 2026 12:22
HDFC Bank stock slips despite profit growth as street stays unimpressed
HDFC Bank shares stock fall despite profit growth as street stays unimpressed
HDFC Bank shares traded 0.62% lower at ₹707.60 on the NSE Wednesday afternoon, extending losses from Monday’s 3 per cent slide, as investors continued to book profits following the bank’s Q2 FY27 results released on Saturday.
- October 21, 2026 12:22
Aye Finance Q2 profit jumps 151% to record ₹86.7 crore
Aye Finance reported its highest-ever quarterly profit after tax of ₹86.7 crore in Q2FY27, up 151 per cent year-on-year and 16 per cent sequentially. Return on assets under management rose to 4.7 per cent from 2.4 per cent a year earlier, while credit cost declined for the seventh consecutive quarter to 3.8 per cent. The operating expense ratio fell to 8.6 per cent, its lowest in eight quarters. Assets under management grew 26 per cent year-on-year to ₹7,597 crore, while disbursements rose 10 per cent to ₹1,403 crore.
- October 21, 2026 12:10
Indian market at attractive valuations; Kotak Neo sees opportunity in large-cap stocks
Nifty near 22,000 support: Kotak Neo sees opportunity in large-cap stocks
Kotak Neo’s Shrikant Chouhan sees long-term value in large-cap stocks as Nifty nears 22,000 support, but warns of uncertainty over US-Iran developments.
- October 21, 2026 11:59
Gold futures decline to Rs 1.46 lakh/gram
Gold prices on Wednesday declined Rs 509 to Rs 1,46,010 per 10 grams in futures trade amid a fall in spot demand.
On the Multi Commodity Exchange, the yellow metal contracts for December delivery traded lower by Rs 509, or 0.35 per cent, at Rs 1,46,010 per 10 grams in a business turnover of 699 lots. - PTI
- October 21, 2026 11:57
HDFC Bank opens postal ballot e-voting on October 22
HDFC Bank has issued a postal ballot notice seeking shareholders’ approval for a resolution through remote e-voting. The voting window will open on October 22, 2026, at 10 am and close on November 20, 2026, at 5 pm. The notice has been sent to members whose names appeared in the bank’s register of members or beneficial owners as on October 16, 2026, and whose email addresses are registered with the relevant depositories or the bank’s registrar and transfer agent.
- October 21, 2026 11:57
Jio IPO fully subscribed within hours
Ambani’s Jio has record India IPO fully subscribed within hours
Jio Platforms’ IPO attracts rapid demand, signaling India’s largest listing yet, amid a cautious valuation shift and growth optimism.
- October 21, 2026 11:53
HD Fire Protect shares list at nearly 24% premium, pare gains after strong debut
HD Fire Protect shares list at nearly 24% premium, pare gains after strong debut
Following the listing, the company's market capitalisation stood at ₹5,284.06 crore on the NSE and ₹5,276.18 crore on the BSE.
- October 21, 2026 11:52
Stock market update: eMudhra stock falls 108 points or 20% to 432.0 on the NSE after company flags weak keys
- October 21, 2026 11:50
Kenstar partners with Unicommerce to streamline e-commerce operations
Home appliance brand Kenstar has partnered with Unicommerce to strengthen its e-commerce operations as it expands across digital commerce channels. Kenstar has adopted Unicommerce’s Uniware platform, deploying its Order Management System and Warehouse Management System to integrate inventory, orders and warehouse operations, enabling efficient fulfilment across channels.
- October 21, 2026 11:50
Vodafone Idea to announce voice-only plans by October-end
Vodafone Idea to announce voice-only plans by October-end
Experts have stressed that the mandate is likely to benefit 2G users and feature phone users in India, in turn impacting ARPUs and revenues of companies like Vi and BSNL with a larger subscribership in this cohort
- October 21, 2026 11:47
Jefferies says selective rerating ahead for Computer Services & IT Consulting
While the growth outlook for IT remains uncertain, with stocks pricing 2-4ppts lower growth vs. history, any lack of disappointment in growth expectations and worsening sentiment on global AI capex could drive PE rerating. With valuation upside capped beyond 17-18x PE, Infosys/TCS are the only large IT firms with rerating potential. We raise PTs by 14-18% but retain Hold/UPF ratings on Infosys/TCS, respectively. Sagility offers rerating potential among midcaps.
Infosys/Sagility offer best risk-reward: Whilst the revenue growth outlook for the sector remains muted over FY26-29, a lack of incremental negative surprises on growth, amid potentially worsening sentiment on global AI capex, may drive a rerating in IT stocks. Given that best-case PE multiples for large-cap IT firms (e.g., Wipro) range from 19-22x, the risk-reward profile is unfavorable beyond 17-18x PE. At CMP, Infosys and TCS are the only large IT firms with scope for further rerating, as they are priced for 1-3% cc revenue CAGR over FY26-36. Sagility among mid-sized IT names also screens well. We raise our target PE multiples for TCS and Infosys to 13-14x to factor in a low-single-digit long-term cc revenue growth outlook, but maintain U-PF on TCS with a revised PT of Rs2125 and maintain Hold on Infosys with a revised PT of 1,160
- October 21, 2026 11:43
HD Fire Protect Limited debuts on BSE at ₹334, marking a premium of 24% to the issue price of ₹271
(L-R): 1.Mr. Anik Dharamshi, Whole Time - Director, HD Fire Protect LimitedWhatsApp Image 2026-10-21 at 11.35.35 AM.jpeg
2.Mr. Harish Dharamshi ,Chairman & Managing Director, Varmora Granito Limited
3.Mr. Miheer Ghotikar, Whole Time Director, HD Fire Protect Limited
4.Ms.Radha Kirthivasan, Head Issuer Relations and Corporate Sales, BSE
Along with Promoter Family of HD Fire Protect Limited.
- October 21, 2026 11:38
eMudhra flags weak keys in eight certificate authorities, rules out data breach
eMudhra flags weak keys in eight certificate authorities, rules out data breach
Digital trust services provider eMudhra informed exchanges on Wednesday that a flaw during a key generation event led to weak cryptographic keys being published for eight of its intermediate certificate authorities (CAs), prompting concerns over their trustworthiness.
- October 21, 2026 11:33
EAAA India Alternatives IPO to open on October 26; price band fixed at ₹1,585-1,665
EAAA India Alternatives IPO to open on October 26; price band fixed at ₹1,585-1,665
The issue size has been reduced to ₹1,200 crore from the ₹1,500 crore proposed in the Draft Red Herring Prospectus (DRHP) filed with SEBI in January
- October 21, 2026 11:32
CONCOR’s Q2 throughput rises 0.5% to 14.48 lakh TEUs
Container Corporation of India Ltd (CONCOR) handled 14.48 lakh TEUs (Twenty-foot Equivalent Units) in the quarter ended September 2026, up 0.53 per cent year-on-year.
- October 21, 2026 11:25
Allcargo Logistics cuts month-end close time by 30% with Oracle Cloud
Allcargo Logistics has adopted Oracle Fusion Cloud Applications for finance, standardising core business processes on an integrated platform and reducing month-end close time by 30 per cent. The move has helped automate manual tasks, strengthen governance and improve operational visibility.
- October 21, 2026 11:22
Zydus gets USFDA approval for menopause treatment, eligible for 180-day exclusivity
Zydus Lifesciences has received final USFDA approval for its generic Estradiol and Levonorgestrel Transdermal System, used to treat moderate to severe menopause symptoms and prevent osteoporosis in postmenopausal women. The product has been designated a Competitive Generic Therapy and is eligible for 180-day exclusivity, subject to applicable US regulatory provisions. With annual US sales of approximately $45.7 million, the product will be manufactured at Zydus’s Moraiya plant near Ahmedabad.
- October 21, 2026 11:18
G-sec yields hits over 3-year high of 7.44% as oil back to $110 a barrel
G-sec yields hits over 3-year high of 7.44% as oil back to $110 a barrel
The benchmark 10-year G-Sec (6.94% 2036) hit a more than three year high of 7.44% as brent crude futures touched $110 a barrel as outlook on West Asia turns uncertain again.
- October 21, 2026 11:17
India’s listed AI market could gain $100 billion from IPOs, says Goldman Sachs
India’s AI market could gain $100 billion from startup IPOs, says Goldman Sachs
Goldman Sachs estimates Indian AI IPOs could add $50-100 billion to listed market capitalisation over two to five years as private equity funding surges.
- October 21, 2026 11:11
Kalpataru Projects International bags orders worth ₹2,349 cr
Kalpataru Projects International bags orders worth ₹2,349 cr
Kalpataru Projects International on Wednesday said it has secured new work orders worth Rs 2,349 crore.
- October 21, 2026 11:10
Commodities markets: Gaurav Garg, Head - Research, Lemonn, on today's movements
Gold (XAUUSD): $4,119.540/oz (-0.14%)
Silver (XAGUSD): $57.40850/oz (-1.02%)
Crude (WTI): $100.604/bbl (+0.61%)
USD/INR: ₹94.5500 (-0.23%)
Gold is extending its decline for a fourth consecutive session as rising crude oil prices fuel inflation concerns and strengthen expectations that the US Federal Reserve may maintain a tighter monetary stance for longer. Markets expect the Fed to hold rates at its October 27–28 meeting, but the possibility of a rate hike in December remains a key concern for bullion investors. Silver is also under pressure, with its sharper decline reflecting weakness across precious metals. Meanwhile, WTI crude is supported by heightened Middle East supply risks, particularly threats to Red Sea shipping and Saudi energy infrastructure, keeping oil-market volatility elevated. The US dollar index is hovering around 101.78 after recent weakness, while investors await US inflation data, including the Personal Consumption Expenditures (PCE) report next week, for further policy clues. In India, the rupee’s recent recovery offers some relief, but sustained high crude prices could increase import costs and inflationary pressure.
- October 21, 2026 11:07
Stock market updates: Kotak Securities on stocks and sectors today
Bajaj Finance (Reco: Buy, FV: Rs. 1210) - Strong performance and momentum
Bajaj Finance reported a strong performance across vectors in 2QFY27. High growth, increasing diversification and strong asset-quality performance will help the company ride near-term challenges of higher interest rates, risks to flexi loans and lower insurance fees. We cut estimates by 2-3% and retain BUY with a Fair Value of Rs1,210 (Rs1,200 earlier).
UltraTech Cement (Reco: Sell, FV: Rs. 8900) - In-line set
UTCEM’s 2QFY27 consolidated EBITDA was broadly in line. Consolidated volume growth of ~13% yoy was above the estimated ~10% yoy industry growth. However, a lack of visibility on fuel/energy prices clouds the industry’s near-term outlook. The wires and cables venture commenced operations in Sep 2026, with ~60% capex spent/committed as of 2QFY27. UTCEM is on track to expand capacity by another ~35 mtpa over the next 2- 3 years, leading to robust accruals and market share gains. We cut FY2027E EBITDA by ~6%, mainly due to higher energy prices, with lower ~3% cut to FY2028/29 estimates. Maintain Fair Value at Rs8,900 on rollover to Dec 2028E. SELL.
Hindustan Zinc (Reco: Sell, FV: Rs. 500) - Beat on lower costs
HZ’s 2QFY27 EBITDA exceeded estimates, led by higher sulfuric acid prices (a byproduct), sales of lead concentrate and embedded silver. Higher byproduct realizations are aiding lower CoP, which stood at its lowest level since the underground transition. Board approvals and announcements for a further ~0.6 mtpa are now likely toward end-FY2027. Returns on announced expansions (including the approved 0.25 mtpa plan) remain clouded by the risk of a major mine lease expiring in FY2030. Growth capex requirements for the coming year will increase capex, but strong earnings should keep dividends elevated. Maintain SELL with an unchanged Fair Value of Rs500.
Union Bank (Reco: Buy, FV: Rs. 230) - Well-rounded performance
Union Bank’s earnings grew 30% yoy, led by a 50% yoy decline in provisions, while PPOP grew ~20% yoy. RoE was steady at 16% (higher end among PSU peers). Slippages and credit cost remained low. NIM (reported) improved ~5 bps qoq. Loan growth was strong (19% yoy) and supported by granular deposit mobilization. We like Union Bank for its profitability profile and palatable valuation. Retain BUY with a FV of Rs230 (Rs215 earlier).
L&T Technology Services (Reco: Reduce, FV: Rs. 3600) - Steady performance
LTTS delivered a better-than-expected quarter, led by strong growth in the sustainability (4.8% qoq) vertical and a return to growth in mobility (2.3% qoq). The December quarter will be key to assessing whether the recovery in weaker segments can sustain beyond seasonal support. We forecast 5.2% CC LFL revenue growth in FY2027 and raise FY2027-29E EPS by ~2%. Consistent account mining and faster conversion of bookings into revenues remain key monitorables for the medium-term growth outlook. Maintain REDUCE with a revised FV of Rs3,600 (Rs3,350 earlier) on roll-forward.
Sobha (Reco: Add, FV: Rs. 1350) - Continued pre-sales momentum; margins remain concerning
Sobha continued to deliver strong pre-sales in 2QFY27 at Rs22 bn (+16% yoy), taking 1HFY27 pre-sales to Rs58.6 bn—meeting 55% of the full-year guidance. The 1HFY27 performance was aided by 7.9 mn sq. ft of launches, while a strong 2HFY27 launch pipeline of 12 mn sq. ft should support momentum for the rest of the year. Strong sales performance notwithstanding, margins remained weak at 7%, although operating cash margin at 20% offers hope; management expects reported EBITDA margins to improve in 2HFY27/FY2028E as contribution from legacy projects recedes. Valuations at 6.5 EV/EBITDA are inexpensive, although stock performance is likely contingent on improved margin contribution and cash generation. ADD with a revised FV of Rs1,350 (down from Rs1,715) after factoring in a lowered margin profile.
Just Dial (Reco: Buy, FV: Rs. 1185) - Acceleration in revenue growth and billings
JUST posted healthy 2QFY27 revenue growth of 13.1% yoy, driven by 7.5% yoy growth in realizations and 5.2% yoy growth in paid campaigns. Revenue growth was 3.0% ahead of our estimates. Collection growth was 11.7% yoy, also healthy. EBITDA margin of 26.4% was broadly in line with estimates, as additional revenue was invested for growth. The cash balance of Rs61 bn continues to provide downside support. We raise our revenue estimates, though we broadly retain EPS. Maintain BUY with a FV of Rs1,185, based on a target multiple of 10X Sep-2028E core P/E, to which we add the value of cash.
Oberoi Realty (Reco: Add, FV: Rs. 1900) - Strongest quarterly performance, setting up for bigger goals
Oberoi Realty reported its strongest quarterly pre-sales (Rs91.5 bn) in 2QFY27, aided by the launch of Three Sixty North (Rs78.9 bn) in Gurugram. The annuity business continued its strong performance, with rental revenues increasing 17% yoy to Rs3.4 bn, aided by 98% occupancy in the commercial portfolio and 88% occupancy across the retail portfolio. Oberoi had a large inventory (Rs220 bn) and incremental launch pipeline (Rs350 bn) to sustain an elevated sales level, while commissioning of Ritz Carlton (1QFY28) and Mariott Sky City will provide growth in the hospitality segment. The recent price correction offers an attractive entry point (8X EV/EBITDA), prompting an upgrade to ADD with an unchanged FV of Rs1,900.
Healthcare Services (Sector View: Attractive) - Diagnostics pricing: Bridging the gap
Diagnostics pricing improved further in 2QFY27, with key online and select offline players raising prices by 6-13% qoq across seven cities on KIE’s sample test bouquet. Among online players, PharmEasy, Tata 1mg, Netmeds and mFine increased their prices. Apart from Tenet and Torrent, most key offline players largely retained their pricing in 2QFY27. The pricing differential between incumbents and the lowest-priced alternative reduced further, yet it remains elevated at ~1.2-2.2X. Led by a gradual, volume-led uptick, we bake in a healthy, double-digit organic sales CAGRs over FY2026- 29 for DLPL and METROHL. While we retain BUY on DLPL, we upgrade METROHL to BUY from ADD post the recent stock price correction.
- October 21, 2026 10:55
MCX Copper: Key support coming up
MCX Copper: Key support coming up
The price action around ₹1,376 will need a close watch
- October 21, 2026 10:54
LTM launches BlueVerse ValueMesh to scale AI across Oracle transformations
LTM has launched BlueVerse ValueMesh, an AI execution platform designed to help enterprises scale artificial intelligence across the Oracle transformation lifecycle, from strategy and implementation to operations and continuous innovation. The platform combines AI agents, intelligent automation, managed services, data and governance to support scalable innovation and measurable business outcomes.
- October 21, 2026 10:49
Dr Reddy’s gets DCGI’s nod for Zytorvi
Dr Reddy’s gets DCGI’s nod for Zytorvi
Dr. Reddy’s Zytorvi gets DCGI approval with cisplatin-paclitaxel for first-line treatment of unresectable ESCC in adults.
- October 21, 2026 10:36
SBI reports suspected exposure of customer data on the dark web
SBI reports suspected exposure of customer data on the dark web
State Bank of India (SBI) on Wednesday said it experienced an incident involving suspected exposure of customer data on the dark web.
- October 21, 2026 10:25
Rupee rises 29 paise to 94.62 against US dollar in early trade
Rupee rises 29 paise to 94.62 against US dollar in early trade
The rupee appreciated 29 paise to 94.62 against the US dollar in early trade on Wednesday, supported by positive sentiments in the domestic market and support from the RBI.
- October 21, 2026 10:25
Sigma Advanced Systems secures $19.7 million (approx. ₹174 crore) order from North American NATO Customer for critical 155 mm Artillery Ammunition Subsystems
The order is scheduled for execution by the second quarter of 2027.
- October 21, 2026 10:22
Govt bonds sell off on oil shock ahead of RBI policy minutes
Govt bonds sell off on oil shock ahead of RBI policy minutes
The benchmark 6.94% 2036 bond yield was at 7.4352% as of 10 am, after ending at 7.3920% on Monday.
- October 21, 2026 10:21
Oil shipping costs surge sevenfold to over $20 a barrel amid war: Goldman Sachs
Oil shipping costs surge sevenfold to over $20 a barrel amid Middle East war
Oil shipping costs have risen sevenfold to over $20 a barrel amid the Middle East war, raising risks to Brent crude prices, Goldman Sachs says.
- October 21, 2026 10:21
Nifty Prediction Today – October 21, 2026: Nifty 50 Futures: Vulnerable to fall
Nifty Prediction Today – October 21, 2026: Nifty 50 Futures: Vulnerable to fall
Resistance is in the broad 23,130-23,200 region which is holding well for now. Support is at 22,970. A break below it can drag the Nifty down to 22,850-22,800 again.
- October 21, 2026 10:10
Bitcoin consolidates near $82,000 after testing $83,230 resistance: CoinSwitch
Daily Quote from CoinSwitch
BTC briefly climbed to $83.3K, supported by stronger-than-expected Q3 corporate earnings and a recovery in U.S. equities. The Dow Jones gained 1.2%, while the S&P 500 and Nasdaq advanced 0.6% and 0.5%, respectively. Oil prices also eased sharply from $101 to below $96 per barrel, improving broader market sentiment. BTC subsequently consolidated near $82K after testing resistance around its 21-day moving average of $83,230 said CoinSwitch Markets Desk
- October 21, 2026 10:10
Bitcoin nears $83,000 as ETF inflows rise; $86,000 resistance in focus
Daily Quote from Mudrex
Bitcoin is trading near $83,000, supported by improving risk sentiment, with US equities rallying on strong earnings and crude oil falling nearly 5% on hopes of a potential US-Iran deal. Institutional demand also strengthened, with US spot Bitcoin ETFs recording $526.6 million in inflows, their highest since September 22. Strive also added 1,223 BTC, taking its holdings to 36,818 BTC. However, on-chain data shows only 53.8% of BTC supply is in profit, reflecting weak investor conviction. With next week’s Fed rate hike odds at 15–17%, Bitcoin needs to clear $86,000 resistance, while $80,000 remains key support said Prateek Gupta, Head of Business, Mudrex
- October 21, 2026 10:01
Markets bounce back; IT leads rally as crude, yields cap gains
Markets bounce back; IT leads rally as crude, yields cap gains
Markets rebound as IT leads gains amid elevated crude and yields, with stock-picking opportunities amid earnings, sector rotation, and global cues.
- October 21, 2026 09:54
L&T wins orders for government buildings in Delhi and Amaravati
Larsen & Toubro (L&T) has secured two orders to construct government buildings in New Delhi and Amaravati, Andhra Pradesh. The projects include two Common Central Secretariat buildings spanning 32.8 lakh sq. ft. and two 47-storey office towers covering 37.5 lakh sq. ft. at Amaravati.
- October 21, 2026 09:51
Top technical indicators for today's trade
Nifty 50: Trading at 23,030, up 0.62 per cent after opening at 23,016 and touching an early high of 23,121.
Market breadth: Advances/declines ratio at 32:18, indicating positive breadth.
Nifty 50 support: Immediate support at 22,970; a break below this level could drag the index to 22,850–22,800.
Nifty 50 resistance: 23,130–23,200; a sustained break above 23,200 could open the way towards 23,450.
Nifty October Futures: Immediate support at 22,960, followed by 22,860 and 22,750; resistance at 23,050 and 23,150–23,170. A sustained break above 23,170 could open the way towards 23,400.
- October 21, 2026 09:48
Dr. Reddy’s gets DCGI approval for Zytorvi in advanced oesophageal cancer
Dr. Reddy’s Laboratories has received DCGI approval for Zytorvi (toripalimab), combined with cisplatin and paclitaxel, for first-line treatment of adults with advanced oesophageal squamous cell carcinoma. This is Zytorvi’s second approved indication in India, following nasopharyngeal carcinoma.
- October 21, 2026 09:46
Brent crude oil stays above $110 amid supply disruption fears
Brent crude oil stays above $110 amid supply disruption fears
Brent above $110 on supply disruption fears amid Middle East tensions, with WTI near $99 as API inventory data awaited.
- October 21, 2026 09:45
Tech giants’ AI investment to exceed $1 trillion in 2027, says UBS
AI infrastructure spending by tech giants to exceed $1 trillion in 2027: UBS
Tech giants’ AI infrastructure spending is expected to exceed $1 trillion in 2027 as computing demand outpaces supply, supporting US growth amid financing pressures.
- October 21, 2026 09:36
SBI reports cyberattack, 3,897 customer records exposed on dark web
SBI cyberattack exposes 3,897 customer records on dark web
SBI reports a cyberattack that exposed 3,897 customer records, including personal details and loan records, on the dark web. An independent cybersecurity probe is underway.
- October 21, 2026 09:35
Crude oil update: Brent crude oil futures trade above $110 a barrel
Brent crude oil futures traded above $110 a barrel on Wednesday morning as markets assessed supply disruptions amid continued tensions in West Asia. At 9.33 am on Wednesday, December Brent oil futures were at $110.54, up by 1.61 per cent, and December crude oil futures on WTI (West Texas Intermediate) were at $99.35, up by 1.56 per cent. November crude oil futures were trading at ₹9432 on Multi Commodity Exchange (MCX) during the initial hour of trading on Wednesday against the previous close of ₹9311, up by 1.30 per cent, and December futures were trading at ₹9261 against the previous close of ₹9148, up by 1.24 per cent.
- October 21, 2026 09:33
Volatility index INDIA VIX at 14.77
- October 21, 2026 09:33
Nifty PCR at 0.93
- October 21, 2026 09:32
US-10 Year Bond at 5.12
- October 21, 2026 09:32
Brent crude oil at $110.30
- October 21, 2026 09:31
Currency market updates: US Dollar Index (DXY) at 101.77
- October 21, 2026 09:31
Securities in F&O Ban For Trade Date 21 - OCT 26
AMBUJACEM
KAYNES
SAIL
- October 21, 2026 09:29
Major Q2 results announcements today
Eternal
Adani Green Energy Limited
Indian Hotels Company
SRF
Vishal Mega Mart
KEI Industries
Mahindra and Mahindra Financial Services
PC Jeweller
LMW
International Gemological Institute
Mahindra Holidays and Resorts India
Aye Finance
Yash Highvoltage
9Welspun Specialty Solutions
Marathon Nextgen Realty
Ador Welding
Rajratan Global Wire
Wendt (India)
Automobile Corp of Goa (ACGL)
Indosolar
Swastika Infra
Oriental Rail Infrastructure
Infinity Infoway
Nureca
Swastika Investsmart
Pil Italica Lifestyle
Phantom Digital Effects
Digjam
DB (International) Stock Brokers
Shekhawati Industries
Ritesh International
- October 21, 2026 09:23
Copper supply crunch deepens as new mines take over 16 years to develop: Goldman Sachs
Goldman Sachs warns of copper supply constraints as mine costs rise
Copper supply faces long-term constraints as mine discoveries decline, ore grades fall and development costs rise, Goldman Sachs Research says.
- October 21, 2026 09:22
Citi on Indian Autos
2W demand more resilient than expected
Now build in 9% YoY industry volume growth in FY27, vs 7% earlier
Raise earnings estimates across 2W OEMs - Hero MotoCorp, TVS Motor, Bajaj Auto and Eicher Motors
Upgrade estimates for Varroc and Endurance Technologies (India business)
Reflecting healthy retail demand, new product launches and improving rural trends. While volume trends remain supportive
Continue to remain cautious on margins due to elevated commodity costs and competitive intensity
Among 2W OEMs, Eicher Motors remains our preferred pick, In parts, prefer Endurance
- October 21, 2026 09:22
JP Morgan on India EMS
Continue to prefer stocks with high ROCE and earnings growth
Trading at a relatively lower PE multiple over stocks with lower ROCE but similar earnings growth and trading at a higher PE
Order of preference is Dixon (OW) > Amber (OW) > Kaynes (N) > Syma (UW) > Avalon (UW) > CyientDLM (UW)
Revisiting the growth vs PE vs ROCE argument (post Cyient DLM stock correction)
- October 21, 2026 09:22
Jefferies on IT Sector
Infosys – Maintain Hold; Hike TP to Rs 1160 from Rs 1020
TCS – Maintain Underperform; Hike TP to Rs 2125 from Rs 1800
Selective rerating ahead
While the growth outlook for IT remains uncertain
Any lack of disappointment in growth expectations and worsening sentiment on global AI capex could drive PE rerating
Valuation upside capped beyond 17-18x PE
- October 21, 2026 09:22
Stock market today: HSBC on Consumer stocks
FMCG stocks corrected despite growth pick-up post GST cut on relatively high valuation, commodity spike potential reasons
With no visible trigger, expect growth to normalise
Order of preference: Marico, Tata Consumer, Honasa, HUL, Britannia, Nestle India, Dabur, ITC, and Colgate
Honasa – Upgrade to Buy from Neutral; Hike TP to Rs 554 from Rs 423
Britannia – Maintain Buy; Cut TP to Rs 5480 from Rs 6670
HUL – Maintain Buy; Cut TP to Rs 2210 from Rs 2440
Marico – Maintain Buy; Hike TP to Rs 1050 from Rs 1020
Tata Consumer – Maintain Buy; Cut TP to Rs 1180 from Rs 1390
Colgate – Maintain Hold; Cut TP to Rs 1860 from Rs 2140
Dabur – Maintain Hold; Cut TP to Rs 426 from Rs 456
Godrej Consumer – Maintain Hold; Cut TP to Rs 960 from Rs 990
Nestle – Maintain Hold; Cut TP to Rs 1390 from Rs 1480
- October 21, 2026 09:21
Stock in focus: Citi on ABB India
Recommendation: Sell, Target: ₹6075
ABB parent’s Q3CY26 results flag “very strong” India orders - a positive signal
The read-through to the ABB India listed entity may not necessarily be one-for-one
In Q2CY26, parent-reported India orders grew 81% versus 50% for ABB India
This was because some Indian orders were booked by overseas ABB entities
Q3CY26 also benefits from a favourable base and price hike impact
- October 21, 2026 09:21
Stock in focus: Goldman Sachs on Yes Bank
Recommendation: Sell, Target: ₹17 (Earlier Target: ₹22)
Maintains an SELL rating
FY27 earnings estimate was cut by 130%
Earnings cuts reflect weaker net interest margin progression in the second quarter of FY27
Reinstatement of AT-1 bond principal liability has now been factored into estimates, while coupon payment liability poses an unpriced downside risk
- October 21, 2026 09:20
Stock in focus: Investec On Cohance Lifesciences
Initiate Buy, TP Rs 560/share
Positioned for an execution-led recovery 2HFY27 onwards.
Recent management changes/restructuring should sharpen execution.
Improving reload visibility, new commercial projects and a deep pipeline should drive a sustained recovery
Forecast 13% rev CAGR and doubling of EBITDA over FY26-29E.
30% discount to India CDMO peers
- October 21, 2026 09:20
Stock market live updates: Bernstein India Strategy – Venugopal Garre
Positive returns ahead, led by mean reversion, but a tough road from here
India looks cheaper, but it is still expensive
Remains the third-costliest market globally and is more expensive than several Asian markets that offer much stronger medium-term growth
Earnings are not seeing upward revisions for FY27
Support to PE usually emerges as the earnings burden is shifted to FY28
Hopes of LTCG cut and an AI unwind are narratives, not catalysts
Cut year-end Nifty target to 25,000 from 26,000
- October 21, 2026 09:19
Stock market updates: MS on Chemicals
Aarti Industries – Upgrade to Equal-weight from Underweight; Hike TP to Rs 471 from Rs 366
PI Industries – Downgrade to Underweight from Overweight; Cut TP to Rs 2030 from Rs 3883
Navin Fluorine – Maintain Underweight; Hike TP to Rs 6853 from Rs 5720
Tata Chemical – Maintain Underweight; Cut TP to Rs 529 from Rs 566
SRF – Maintain Underweight; Hike TP to Rs 2260 from Rs 2209
Deepak Nitrite – Maintain Overweight; Hike TP to Rs 1889 from Rs 1869
Shifting Fortunes
El Niño risks supports stronger agchem demand, even as competition caps pricing gains
Selective supply-chain tightness offers margin opportunities
Improving agchem volumes should support operating leverage at SRF and Navin Fluorine
Selective Chinese supply tightness could support ASPs at Aarti and Deepak Nitrite
Intensifying generic competition should constrain PI Industries’ legacy growth and margins
- October 21, 2026 09:19
Stock in focus: Tata Steel
HSBC on Tata Steel
Recommendation: Buy, Target: ₹260
Steep increase in valuation discount vs peers unwarranted
Investor concerns centre around post 2030 India profitability, Netherlands issues, potential loss of market share in India
India business should remain strong driving debt lower
- October 21, 2026 09:18
Stock in focus: LTTS
Citi on LTTS
Recommendation: Sell, Target: ₹3115
Decent 2Q; Sustaining growth/margin trends key monitorable
Sustainability will be key in a furlough-impacted Q3 with wage hikes
Co targeting 13-15% rev CAGR in next 5 years, 16-17% EBIT margins
Continue to be cautious on the sector
Sluggish growth & high competitive intensity, continued impact of AI, and GCC shift
Nomura on LTTS
Recommendation: Neutral, Target: ₹3500 (Earlier Target: ₹3290)
2QFY27 – strong beat on EBIT margins
Growth was driven by data centers, energy transition, robotics and plant engineering
Tweak FY27-28F EPS by ~3-4%
JP Morgan on LTTS
Recommendation: Neutral, Target: ₹3700 (Earlier Target: ₹3300)
2Q print was a beat on both revenues and margins, for the second quarter in a row
Guidance is even stronger for 2H
Increase FY27E29E revenues/earnings by 1-3%
- October 21, 2026 09:18
Stock in focus: Hind Zinc
Citi on Hind Zinc
Recommendation: Sell, Target: ₹495 (Earlier Target: ₹480)
2Q ahead; Spot Zinc-Silver limit upside
Possible moderation of Zinc prices
Citi LME est: CY28 $3,700 (spot $3,700). Silver (~50% of EBITDA) upsides are likely predicated on easing macro
See physical zinc market as relatively balanced into 2027
Jefferies on Hind Zinc
Recommendation: Buy, Target: ₹650 (Earlier Target: ₹750)
Sep-Q EBITDA rose 15% QoQ, 8% above estimates
Zinc price is benefitting from supply disruptions, silver has been volatile since Jun-26
Raise FY27E EPS by 5% but cut FY28-29E EPS by 4% on lower silver prices
Trades below long-term average EV/EBITDA
Prefer JSW Steel, Welspun Corp in Indian metals
- October 21, 2026 09:17
Stock in focus: Oberoi Realty
CLSA on Oberoi
Hold, TP Rs 1830
Reported strong presales of Rs91bn (in line) in 2QFY27 driven by launch of Three Sixty North, Gurgaon.
ORL reiterated its robust launch pipeline for remainder of FY27 and upcoming annuity assets that will drive its rental income.
However, its Adarsh Nagar project has been deferred due to delay in approvals, & expect some additional spillover
Jefferies on Oberoi Realty
Recommendation: Hold, Target: ₹1890 (Earlier Target: ₹1970)
Strong Gurgaon project launch and good sustenance sales in Mumbai drove a record pre-sales and OCF generation (Alert- OCF is operating cash flow)
Balance sheet is net cash and business remains high margin at 60%
Mumbai project portfolio has built-up well over last 3 years
Launch momentum is likely to accelerate from FY28 onwards
- October 21, 2026 09:17
Stock in focus: Sobha Ltd
CLSA on Sobha
Upgrade to O-P , TP Rs 1580
Reported presales of Rs22bn in 2QFY27, up 16% YoY (achieved c.55% of FY27 guidance in 1HFY27).
OCF declined YoY due to lower growth in collections vis-à-vis construction and marketing spend.
It expects to exceed its 30% YoY presales growth guidance in FY27 driven by its robust launch pipeline subject to approvals.
Additionally, it expects margins to improve (normalised level of 20%) going forward owing to better product mix.
HSBC on Sobha
Buy, TP Rs 1850
2Q pre-sales of INR22bn supported by sustenance sales from Bangalore and NCR; c55% of FY27 guidance achieved
EBITDA margins continued to be disappointing at 11.7% in 2Q; management reiterates 3QFY27 as inflection point
- October 21, 2026 09:16
Stock in focus: Ultratech Cement
Jefferies on Ultratech Cement
Recommendation: Buy, Target: ₹14380 (Earlier Target: ₹14065)
Delivered another strong qtr with Vols/EBITDA/PAT up 13-21% YoY
Management:improving pricing momentum since mid-Sep
Co focus on protecting EBITDA/t despite higher costs
Mgmt also raised expectations for C&W biz. (C&W is cable and wire)
A sustained recovery in cement pricing remains the key catalyst for the stock
Bofa Securities on Ultratech Cement
Recommendation: Buy, Target: ₹13900 (Earlier Target: ₹13400)
Inline 2Q; Positive commentary on demand & price
Strong industry demand outlook after the 8% growth in 1H (~10% in 2Q) as well
Elevated costs due to the uncertainty on West Asia conflict should support improvement in pricing environment
Commentary on recent price increases along with confidence on further improvement does indicate a bottom on EBITDA/MT
Citi on Ultratech Cement
Recommendation: Buy, Target: ₹13200 (Earlier Target: ₹14750)
2Q In-Line, Cost Pressures Visible
Costs and Pricing to Improve in 3Q, Price Hikes in Sep and Oct
Mgmt expects strong industry growth going forward, co to grow faster
Co focus on pricing, premiumization, costs
CLSA on Ultratech
Recommendation: Outperform, Target: ₹13000 (Earlier Target: ₹14000)
All eyes on pricing
Q2 in line; improving pricing to offset persistent cost pressures
Pricing improves; cost pressures remain
Strong growth pipeline with ambitious cable and wire foray
- October 21, 2026 09:15
Stock in Focus: JPM on Ultratech
OW, TP Rs 12900
Reported 2QFY27 EBITDA in line with JPMe.
Volumes grew 13% YoY and were ahead of forecasts.
EBITDA/MT missed estimates on higher costs.
Management suggested prices can continue to increase, especially with a recovery in demand post monsoon/festive.
Cost pressures are likely to remain elevated.
Higher prices can help the Indian cement sector reverse recent underperformance
- October 21, 2026 09:15
Stock in Focus: HSBC on Ultratech
Buy, TP Rs 14200
While UTCEM reported strong volume growth (+13.8% y/y), sharply higher fuel costs (+12% q/q) impacted profits
UTCEM has meaningfully de-rated with 1-year forward EV/EBITDA below its 5-year average of 19.8x
UTCEM highlighted cement price increases in Sept and Oct and indicates further price increases over next 2-3 months given higher costs
On the Cable & Wireless business, against planned investment of INR18bn, committed spend is INR11bn
UTCEM is 2nd largest on installed capacity.
- October 21, 2026 09:14
Stock in Focus: Kotak Inst Eqt on Ultratech
Sell, TP Rs 8900
2QFY27 consolidated EBITDA was broadly in line.
Consolidated volume growth of 13% yoy was above estimated 10% yoy industry growth.
However, a lack of visibility on fuel/energy prices clouds the industry’s near-term outlook
Wires and cables venture commenced operations in Sep 2026, with 60% capex spent/committed as of 2QFY27
UTCEM is on track to expand capacity by another 35 mtpa over next 2-3 years, leading to robust accruals & market share gains
Cut FY2027E EBITDA by 6%, mainly due to higher energy prices, with lower 3% cut to FY2028/29 est.
- October 21, 2026 09:14
Stock in Focus: Citi on Bajaj Finance
Recommendation: Buy, Target: ₹1300
Raises AUM guidance as core metrics stay resilient
GS2/3 ticked up flowing from gold loans, day-count affect
MSME lending has stabilized—downward pressure has eased
Margin dips 10-12 bps QoQ and further compression likely
- October 21, 2026 09:11
Stocks in Focus: Bernstein on Bajaj Finance
Recommendation: Underperform, Target: ₹840
Earnings momentum remains intact
Credit costs remain benign despite marginal increase in delinquencies
Broad-based AUM growth continues
Lower credit costs offset softer NIM and NOI trends (NOI-Net Operating Income)
- October 21, 2026 09:10
Stocks in Focus: CLSA on Bajaj Fin
O-p, TP Rs 1300
2QFY27 PBT was in line with
However, adjusted for a macroeconomic provision of Rs3.4bn, it was 4% above estimate.
It was a strong quarter on all fronts. AUM growth picked up from 24% YoY in 1QFY27 to 26% in 2QFY27 and management raised FY27 growth guidance by 3-4ppt to 26-27%.
BAF benefitted on cost of funds due to interest rate swaps, though it cautioned on margins going forward due to rate hikes.
PPOP came in slightly above estimates.
Asset quality remained strong with the net slippage ratio declining 110bp YoY.
Management clarified that it is raising equity capital for two reasons – strong growth and leverage exceeding 5x.
On insurance guidelines impact, it said it would work to offset it, but did not specify details.
- October 21, 2026 09:09
Stocks in Focus: JPM on Bajaj Fin
OW TP Rs 1260 from Rs1310
Delivered a strong operating performance in 2Q, with key metrics in line with JPMe: NII at Rs 133.3bn (+24% y/y, +6% q/q, in line), PPoP at Rs 107bn (+21% y/y, in line), PAT (post MI) at Rs 62.7bn (+29% y/y, +5% q/q, in line)
Key things that stood out for us in the earnings (more details in paragraphs below):
(i) Growth guidance upgrade to 26-27% , underscoring the strong business momentum across segments,
(ii) continuation of benign asset quality trends across segments with only a transient impact in gold in short tenure product,
(iii) focus on RoA preservation despite the rising risk to NIM from higher funding costs
See BAF as the best-in-class earnings compounder supported by a combination of healthy loan growth, operating leverage gains from ongoing AI initiatives and a strong track record of managing credit costs that should support a 21% earnings CAGR over FY27-29E
- October 21, 2026 09:09
Stocks in Focus: Nomura on Bajaj Fin
Buy, TP Rs 1270
2Q27 net profit in line with estimate
Loan growth guidance for FY27E revised to 26-27%, with medium-term guidance unchanged at 23-25%
Management expects credit cost run rate in 2H27E to be at par with 1H27’s
Given rising rate environment, management has indicated marginal headwinds on NIMs.
Trim EPS estimates by 2-3% & expect ROA /ROE of 4.2%/19.9% over FY28-29F
Stock currently trades at a 1- year-fwd P/B of 3.4x
- October 21, 2026 09:09
Stocks in Focus: HSBC on Bajaj Fin
Buy, TP Rs 1270
BAF’s segment-leading performance continues, with MSME loan growth also likely to revive as move ahead
BAF is likely to find enough levers to offset potential revenue headwinds, and protect its ROA / ROE over FY28/29e
Potential capital raise will be positive for growth, profitability
- October 21, 2026 09:08
Stocks in Focus: Nomura on NTPC Green
Neutral; TP of Rs 100
NTPC Green’s growth is underpinned by 60GW of its target by FY32, supported by the MoUs signed with state entities and other PSUs.
To strengthen its green power, company plans to add ~34GWh of BESS by FY32, has contracted 3GWh of PSP, and tendered for 12GWh of PSP.
We expect NGEL to record 72% EBITDA growth over FY26-FY29F led by strong additions and contracted storage capacities
- October 21, 2026 09:07
Stocks in Focus: Nomura on Acme Solar
Acme Solar is transitioning from a conventional IPP to a firm, with its dispatchable platform comprising half of its portfolio.
This shift delivers superior returns driven by higher utilisation rates, tariffs, and equity IRRs.
To support FDRE, Acme plans to install 25GWh of BESS capacities and pre-commissioned 5GWh+ of BESS, further enhancing project returns
Expect Acme to deliver an EBITDA CAGR of 65% over FY26-FY29F, led by FDRE-led portfolio.
- October 21, 2026 09:06
Transrail Lighting bags ₹927-crore orders, FY intake reaches ₹3,356 crore
Transrail Lighting Ltd has secured new orders worth ₹927 crore, mainly in its domestic power transmission and distribution business, taking its order intake for the year to ₹3,356 crore.
The orders include EPC projects for domestic 765kV and 400kV transmission lines and conductor supply orders to the US. The company has announced orders worth more than ₹2,300 crore over the past three weeks.
- October 21, 2026 09:05
KPIL secures ₹2,349-crore orders for power, infrastructure projects
Kalpataru Projects International Ltd (KPIL) has secured new orders and notifications of awards worth approximately ₹2,349 crore for engineering, procurement and construction (EPC) projects in India.
The orders are in the power transmission and distribution (T&D) segment and the buildings and factories (B&F) business.
- October 21, 2026 09:02
Gold may trade at $4,200-$5,000 over next 12-24 months, says NDB Wealth
Gold price forecast: Central banks and Asian demand may drive prices to $5,000
Gold could reach $5,000 an ounce as central bank buying and Asian demand support prices, while limited mine supply and US fiscal concerns shape the outlook.
- October 21, 2026 08:58
Akshat Siddhant, Lead quant analyst, Mudrex, on the commodities market
Gold fell toward $4,120/oz for a fourth consecutive session as rising oil prices fuel inflation concerns and reinforce expectations of a December Fed rate hike, now priced at over 90%. Silver also weakened to around $57.5/oz, near multi-week lows. WTI remains near $98/barrel, up more than 10% this month, despite the hopes of a US-Iran diplomatic breakthrough. Those hopes have since faded, with a diplomat dismissing reports of an imminent deal and tanker attacks in the Strait of Hormuz continuing. The rupee closed near ₹94.9/$ on Monday, ending a six-session rally amid equity selling, foreign outflows and elevated crude prices.
- October 21, 2026 08:57
Vintage coffee approves fundraise of ₹325 crore, doubles borrowing and investment limits to ₹1,000 crore
- October 21, 2026 08:56
Stock market today: Major events and announcements today
India September Core Sector Output Data
RBI MPC Minutes
IPO Listing-HD Fire
IPO Opening- Jio Platforms, Paras Healthcare
Lockin Expiry-SS Retail, Jindal Supreme, Hero Motors, Caliber Mining
Q2 Earnings-Eternal, IHCL, SRF, Adani Green, M&M Financial
Global Earnings-Tesla, Meta, IBM
- October 21, 2026 08:55
Rupee may rise on Jio Platforms IPO inflows, RBI support; oil prices pose risk
Rupee outlook: Jio Platforms IPO inflows and RBI support versus oil risks
The rupee may rise on Jio Platforms IPO inflows and RBI support, but higher crude prices and Middle East supply risks could limit gains on Wednesday.
- October 21, 2026 08:54
Tesla-SpaceX merger: How Elon Musk could build a $3.5 trillion empire
Tesla-SpaceX merger: What Elon Musk’s plan means for investors
Elon Musk backs a Tesla-SpaceX merger that could create a $3.5 trillion giant spanning AI, robotics, Starlink and space, but regulatory risks remain.
- October 21, 2026 08:53
Stock market updates: Here's a look at what happened in markets across the globe
USA: Wall Street rose on strong earnings and lower oil prices, but housing data weakened and expectations of a December Fed rate hike increased.
Japan: Exports surged 16.7% YoY in September, driven by AI chip demand; wage-led inflation raised expectations of a BOJ rate hike in December.
China: Lending rates remained unchanged for the 17th consecutive month, while economic recovery momentum remained weak.
India: The US plans to encourage Reliance Industries to refine more Venezuelan crude, potentially opening new energy-sector opportunities.
Australia: Inflation concerns strengthened the RBA’s hawkish stance, while NextDC shares plunged 44% after a sharp cut in revenue forecasts.
UK: Modest job-market recovery and stronger wage growth kept rate-hike expectations alive; stocks declined.
Germany: Adidas raised its annual profit outlook after a 37% rise in Q3 operating profit; the government encouraged greater AI investment.
France: Political unrest and fiscal concerns pushed bond yields near 24-year highs and weighed on stocks and the euro.
Mexico: The US and Mexico moved closer to a trade deal, while Aeromexico considered expanding US routes.
Brazil: The central bank explored tighter consumer-lending rules to curb household debt.
Israel: The central bank was expected to pause rate cuts ahead of the October 27 election.
Colombia: Congress approved 2027 budget allocations, cutting some peace-agreement funding and increasing debt-servicing allocations.
Saudi Arabia: Airport attacks disrupted aviation and triggered flight cancellations, adding uncertainty to regional travel and economic activity.
Iran: Mediation efforts continued amid regional tensions, keeping oil supply risks and energy-market volatility elevated.
Canada: US tariffs on Canadian imports faced a fresh legal challenge, while Trump dropped threats to block Bombardier aircraft.
Source: Reuters
- October 21, 2026 08:52
Stock market today: Morning updates
Nifty Highest OI
(21st Oct Expiry)
Call:24100/Put: 22000
Nifty 200 EMA - 24003
Nifty 50 EMA - 23297
Nifty Spot - 22888
Nifty 100 PE - 19.1
Nifty 50 PE - 19.3
Nifty PCR - 0.89
Nifty Cash Market Volume- 80k Cr
FII Index Long Futures decreased to 10% from 11%
S&P 500 : -0.28%
Brent Futures : 110.6
Dollar Index : 101.8
USD INR. : 95.2
- October 21, 2026 08:51
Avinash Shekhar, Co-Founder & CEO, Pi42, on crypto markets
“Bitcoin holding above $80,000 for 33 consecutive days is a meaningful sign of resilience in a market navigating shifting macroeconomic conditions. The recent easing in oil prices and US Treasury yields has also supported a recovery across major cryptocurrencies, with Bitcoin, Ethereum, XRP and Dogecoin all posting gains. What stands out is Bitcoin’s ability to maintain its position through repeated bouts of volatility, suggesting that the market is gradually establishing a stronger base rather than reacting solely to short-term sentiment.
On-chain data adds to this constructive outlook, with large Bitcoin holders reportedly shifting back towards accumulation after a period of distribution. This suggests that some long-term participants are using price weakness to build positions. While spot demand remains an important factor to watch, the combination of sustained price levels and renewed whale accumulation offers encouraging signals for market participants assessing the next phase.
For investors, one of the most overlooked opportunities emerges when selling pressure begins to fade before prices make a decisive recovery. This is the phase where distinguishing between assets attracting genuine accumulation and those experiencing temporary rebounds becomes particularly valuable. Bitcoin’s current setup suggests the market may be moving from aggressive selling towards a more balanced phase, but confirmation will come from whether fresh capital returns. Investors who track this shift, rather than waiting for headlines to turn overwhelmingly bullish, may be better positioned to identify opportunities early.”
- October 21, 2026 08:50
Crypto update: Nischal Shetty, Founder, WazirX, on markets today
“Wall Street closed higher, led by the Dow, while the Nasdaq was flat and the VIX fell to about 17. Oil eased 2.5% but remains near $101, keeping inflation and rate worries alive ahead of next week’s Fed meeting. For Bitcoin, trading around $82,000s, the backdrop is neutral to slightly constructive.
Bitcoin’s long-term outlook is drawing renewed optimism. JPMorgan expects Bitcoin to outperform stocks, bonds and gold over the long term, projecting annual returns of around 10%. Continued accumulation by institutional players such as Strategy and Strive, alongside BlackRock’s view of Bitcoin as a potential hedge against rising US government debt, reinforces the longer-term investment case.
Bitcoin and Ethereum are trading near key technical levels, making the next move important for futures traders. Bitcoin needs to sustain momentum above the $83,600 resistance zone to build towards $84,500. On the downside, $82,300 is the immediate support to watch, with the $81,000 level becoming relevant if selling pressure intensifies.
Ethereum faces resistance around $2,470, followed by $2,535. Holding above the $2,410 support zone would help maintain its near-term recovery attempt, while a sustained break below this level could bring $2,375 into focus.
Bitcoin spot ETF flows have shown a sharp swing in institutional demand over the past few sessions. After net outflows on October 14 and 16, US spot Bitcoin ETFs attracted approximately $526.7 million on October 19, their strongest daily inflow since September 22. However, the rebound was largely driven by BlackRock’s IBIT, while some other funds continued to see withdrawals. The latest figures suggest that investor interest remains active, but the direction of flows is not yet consistent enough to establish a sustained accumulation trend.”
- October 21, 2026 08:49
Riya Sehgal, Research Analyst, Delta Exchange, on crypto today
Bitcoin rebounded strongly over the last 24 hours, recovering from the low-$81,000 region and briefly moving above $83,000. The bounce came alongside stronger U.S. equities after encouraging corporate earnings, while a sharp pullback in oil from above $100 helped reduce some of the inflation and interest-rate pressure weighing on risk assets. The move also forced short positions out of the market, with around $125 million in shorts liquidated within an hour, while open interest climbed to roughly $53.9 billion.
Institutional flows have also improved. U.S. spot Bitcoin ETFs attracted about $526.6 million in net inflows on Oct. 19, indicating that investors were buying into recent weakness. Ethereum ETF demand, however, remains noticeably softer.
From a technical perspective, Bitcoin has moved back above its major 4-hour EMAs, but the $83,200-$83,500 region remains an important resistance area. A clear breakout could shift focus toward $84,000 and then $86,000-$87,000. On the downside, $82,000 is the first support, followed by $81,000-$81,500. Ethereum is also recovering, but still needs to clear the $2,480-$2,520 resistance zone to strengthen its short-term structure.
- October 21, 2026 08:48
Stock market today: Here are earnings announcements to look out for
POSITIVE
Ultratech Cement-Strong management commentary
Bajaj Finance- Raises AUM guidance FY27
LTTS-Revenue, margins beat for 2nd straight quarter
Sobha-Best ever pre-sales, collections healthy
Tatva Chintan Pharma-4th straight quarter of strong earnings
Jaiprakash Power-Strong execution
Elevate Campuses-Revenue up 31% YoY
NEGATIVE
Piramal Finance-Cautious management commentary
Gallant Ispat-EBIDTA down 16% YoY
SML Mahindra-Pressure on profitability
A-One Steels-Q1 impacted by higher RM costs
Delta Corp-Large one-time loss
- October 21, 2026 08:47
Stock market update: Sectors to watch today
Q2-Strong-Sobha, Tatva Chintan
Steel Stocks-Brokerages Remain Bullish+Global Player Nucor Increases Spot Price for Hot Rolled Coil
2-Wheeler Stocks-CITI- Now build in 9% YoY industry volume growth in FY27, vs 7% earlier.
Cement Stocks-Positive Commentary/Outlook Ultratech Cement
Cohance Life, Acme Solar-Initiating reports
- October 21, 2026 08:46
Indian companies with more than 100% profit growth in Q2 FY27
1- KABRAEXTRU
2025 Net Profit - ₹0.33 Cr
2026 Net Profit - ₹3.97 Cr
Growth - 1103%
2- HFCL
2025 Net Profit - ₹71 Cr
2026 Net Profit - ₹394 Cr
Growth - 435%
3- POONAWALLA
2025 Net Profit - ₹74.20 Cr
2026 Net Profit - ₹374.85 Cr
Growth - 405%
4- UJJIVANSFB
2025 Net Profit - ₹122 Cr
2026 Net Profit - ₹365 Cr
Growth - 200%
5- RBLBANK
2025 Net Profit - ₹179 Cr
2026 Net Profit - ₹482 Cr
Growth - 170%
6- INDIACEM
2025 Net Profit - ₹9 Cr
2026 Net Profit - ₹39 Cr
Growth - 163%
7- KROSS
2025 Net Profit - ₹8.08 Cr
2026 Net Profit - ₹19.7 Cr
Growth - 144%
8- TARIL
2025 Net Profit - ₹37 Cr
2026 Net Profit - ₹81 Cr
Growth - 135%
9- ORIENTELEC
2025 Net Profit - ₹12 Cr
2026 Net Profit - ₹27 Cr
Growth - 124%
10- JAYNECOIND
2025 Net Profit - ₹105 Cr
2026 Net Profit - ₹230 Cr
Growth - 119%
Disc : For Educational Purpose Only.
- October 21, 2026 08:44
GIFT Nifty is trading at 23,018, up 83 points (0.36%), indicating a positive start for Nifty 50
Earnings To Watch
Eternal, Aditya Birla Sun Life AMC, Adani Green Energy, International Gemological Institute, Indian Hotels Company, KEI Industries, Mahindra & Mahindra Financial Services, PC Jeweller, SRF, Vishal Mega Mart, Indosolar, and Welspun Specialty Solutions
Earnings Update
Hindustan Zinc Q2 (Cons, QoQ)
Revenue up 9.8% to Rs 15,093 crore
Ebitda up 14.9% to Rs 9,248 crore
Ebitda margin at 61.3% versus 58.6%
Net profit up 17.2% to Rs 6,412 crore
Revenue at Rs 15,093 crore versus estimates of Rs 14,035 crore
Ebitda at Rs 9,248 crore versus estimates of Rs 8,466 crore
Ebitda margin at 61.3% versus estimates of 60.3%
Net profit at Rs 6,412 crore versus estimates of Rs 5,593 crore
Piramal Finance Q2 (Cons, YoY)
Total income up 28% to Rs 3,717 crore
AUM increased 24% YoY to Rs 1,13,112 crore
Net profit up 64.8% to Rs 539 crore
Tatva Chintan Pharma Chem Q2 (Cons, YoY)
Revenue up 76% to Rs 217 crore
Ebitda up 83.3% to Rs 40.7 crore
Ebitda margin at 18.7% versus 18%
Net profit at Rs 21.4 crore versus Rs 9.9 crore
L&T Technology Services Q2 (Cons, QoQ)
Revenue up 3.4% to Rs 3,040 crore
Ebit up 7.5% to Rs 495.9 crore
Ebit margin at 16.3% versus 15.7%
Net profit up 53.5% to Rs 548 crore
SML Mahindra Q2 (YoY)
Revenue up 20.7% to Rs 670 crore
Ebitda down 32.3% to Rs 28.3 crore
Ebitda margin at 4.2% versus 7.5%
Net profit down 44.5% to Rs 11.7 crore
Bajaj Finance Q2 (Cons, YoY)
Net profit up 28.5% to Rs 6,266 crore versus Rs 4,875 crore
NII up 23.6% to Rs 13,334 crore versus Rs 10,785 crore
Operating profit up 23.2% to Rs 10,699 crore versus Rs 8,685 crore
Gross NPA at 1.06% versus 1.24%
Net NPA at 0.42% versus 0.60%
Nelco Q2 (Cons, YoY)
Revenue up 5.1% to Rs 78.1 crore versus Rs 74.3 crore
Net profit up 6.8% to Rs 1.73 crore versus Rs 1.62 crore
A-One Steels Q1 (Cons, QoQ)
Revenue down 12% to Rs 1,041 crore versus Rs 1,188 crore
Ebitda down 16.2% to Rs 102.1 crore versus Rs 121.8 crore
Ebitda margin at 9.8% versus 10.3%
Net profit down 32.4% to Rs 48 crore versus Rs 71 crore
Government grants at Rs 2.5 crore versus Rs 6.9 crore
Sobha Q2 (Cons, YoY)
Revenue down 31.3% to Rs 967 crore versus Rs 1,408 crore
Ebitda down 28.1% to Rs 68.7 crore versus Rs 95.6 crore
Ebitda margin at 7.1% versus 6.8%
Net profit down 54.6% to Rs 32.9 crore versus Rs 72.5 crore
Waaree Renewable Technologies Q2 (Cons, YoY)
Revenue up 36.5% to Rs 1,058 crore versus Rs 775 crore
Ebitda up 1.2% to Rs 160 crore versus Rs 158 crore
Ebitda margin at 15.1% versus 20.4%
Net profit down 36.5% to Rs 74 crore versus Rs 116 crore
IREDA Q2 (Cons, YoY)
Total income up 14% to Rs 2,347 crore versus Rs 2,058 crore
Net profit up 0.5% to Rs 552 crore versus Rs 549 crore
Jaiprakash Power Q2 (Cons, YoY)
Revenue up 5.1% to Rs 1,512 crore versus Rs 1,438 crore
Ebitda up 39.3% to Rs 656 crore versus Rs 471 crore
Ebitda margin at 43.4% versus 32.8%
Net profit down 81.7% to Rs 33.3 crore versus Rs 182 crore
Reported one-time loss of Rs 511 crore in Q2
Just Dial Q2 (Standalone, YoY)
Revenue up 13.1% to Rs 343 crore versus Rs 303 crore
Ebitda up 4.1% to Rs 90.6 crore versus Rs 87 crore
Ebitda margin at 26.4% versus 28.7%
Net profit down 9.2% to Rs 108 crore versus Rs 119 crore
Elevate Campuses Q1 (Cons, YoY)
Revenue up 31.1% to Rs 219 crore versus Rs 167 crore
Ebitda up 29.1% to Rs 165 crore versus Rs 128 crore
Ebitda margin at 75.2% versus 76.3%
Net profit down 71.4% to Rs 34 crore versus Rs 119 crore
One-time loss of Rs 7 crore versus a gain of Rs 109 crore
Delta Corp Q2 (Cons, YoY)
Revenue down 13.1% to Rs 159 crore versus Rs 183 crore
Ebitda down 28.8% to Rs 28.4 crore versus Rs 39.9 crore
Ebitda margin at 17.9% versus 21.8%
Net loss at Rs 106 crore versus a profit of Rs 25 crore
One-time loss of Rs 137 crore in Q2
Galantt Ispat Q2 Highlights (Consolidated, YoY)
Revenue flat at Rs 1,145 crore
EBITDA down 41% at Rs 109.6 crore Vs Rs 185.1 crore
EBITDA margin at 9.6% vs 16.2%
Net profit down 51% at Rs 60.5 crore vs Rs 123.7 crore
STOCKS IN NEWS
Infosys
Expands collaboration with Truist; to build Global Capability Centre in Hyderabad.
Ceigall India
Arm Jam Khambhaliya Jamnagar Power Transmission signs transmission service agreement with Central Transmission Utility of India.
Shukra Pharma
Seeks NSE approval for name change to Shukra Medtech; submits revised CA certificate.
NTPC
Government appoints Diwakar Nath Misra as Government Nominee Director on the board.
Titan
Fully redeems commercial papers worth Rs 1,000 crore.
Federal Bank
Clarifies that it evaluates all opportunities in the normal course of business and is not in possession of any material information.
Genus Power Infra
Board to meet on Oct. 26 to consider share buyback.
Diamond Power Infrastructure
Appoints Kundip S Thakker as CFO from Oct. 20; Pawan Lohiya ceases to be CFO from Oct. 19 and is appointed Deputy CEO from Oct. 20.
Transrail Lighting
Approves acquisition of 49% stake in Pace Green Energy for Rs 20 crore; to invest in a 990 MW solar portfolio in Maharashtra.
Gabriel India
Forms JV with Faurecia Automotive; acquires 50% minus one share in the JV, which will begin with an investment of Rs 20 crore.
JSW Dulux
Receives Rs 118 crore tax order from Karnataka GST authority.
Jaiprakash Power
Appoints Jigar Dalal as CFO effective Nov. 1.
Nuvama Wealth Management
Arm Nuvama Asset Management receives SEBI approval to launch a Specialised Investment Fund (SIF) under the Nuvama SIF brand.
Karnataka Bank
COO Raja BS resigns effective Oct. 19.
Sterling & Wilson Renewable Energy
Step-down arm approaches South African court over a Rs 25.5 crore claim related to unpaid insurance bond invocation.
Cemindia Projects
QIP issue closes; allots 1.3 crore shares at Rs 1,108 per share.
Lord’s Mark Industries
Board to meet on Oct. 23 to consider raising an unsecured loan of Rs 100 crore.
Steel Stocks
Primary-secondary rebar spread at its highest level since June 2022; global steelmaker Nucor has hiked prices.
2-Wheeler Stocks
Citi now builds in 9% YoY industry volume growth for FY27 versus 7% earlier.
Cement Stocks
Positive commentary and outlook from UltraTech Cement.
Orchid Pharma
Board approves raising up to Rs 600 crore through equity and/or other instruments.
Globus Spirits
Maize ethanol price cut by Rs 3/litre; analysts see a likely 10-11% impact on Ebitda and a 20-22% impact on profit after tax.
Venus Pipes
Commences pipe spooling operations ahead of schedule.
Quality Power Electrical Equipments
Commences manufacturing operations at its new Global Coil Factory at Kupwad MIDC, Sangli, Maharashtra.
Karamtara Engineering
India Ratings upgrades bank loan ratings to IND AA-/Stable/IND A1+.
RailTel
Wins a Rs 47 crore order from Haryana State Electronics Development Corporation.
Vintage Coffee
Board approves raising Rs 325 crore through equity and/or debt.
Schaeffler India
Managing Director and CEO Harsha Kadam taken into custody by Pune Police in connection with a factory accident that occurred on June 9.
Sun Pharma
UNLOXCYT receives a National Comprehensive Cancer Network (NCCN) Category 2A preferred recommendation for advanced skin cancer patients who are not eligible for surgery or radiation.
IPO Update
Sahajanand Medical IPO — Day 3
Overall: 14.20x
QIB: 34.70x
NII: 14.64x
Retail: 3.03x
Bonfiglioli Transmissions IPO — Day 3
Overall: 46.06x
QIB: 120.78x
NII: 40.40x
Retail: 5.91x
Tonbo Imaging IPO — Day 3
Overall: 135.90x
QIB: 293.56x
NII: 170.94x
Retail: 31.07x
Zetwerk Manufacturing IPO — Day 3
Overall: 3.06x
QIB: 4.73x
NII: 1.40x
Retail: 0.73x
IPO Listings
HD Fire
IPO subscribed 131.73 times
Retail: 30.55 times
QIB (ex-anchor): 256.65 times
NII: 203.21 times
IPO To Open
Jio Platforms
About the company: Technology company focused on digital connectivity, digital services and technology-led solutions in India.
Dates: Oct. 21–23
Issue size: Rs 30,213 crore
Issue mix: Entirely a fresh issue
Paras Healthcare
About the company: Clinical specialty-led hospital platform providing tertiary and quaternary healthcare services.
Dates: Oct. 21–23
Issue size: Rs 1,450 crore
Issue mix: Fresh issue of Rs 500 crore and offer for sale of Rs 950 crore
Board Meetings
Orchid Pharma : Fundraising.
Bulk and Block Deals
DCM Shriram Industries : Mugi Constructions acquired 16.04 lakh shares at Rs 46.44 per share.
Shares To Exit Lock-In
1 Month
SS Retail : 2% / 2 million shares
Jindal Supreme (Ind): 4% / 2 million shares
Hero Motors : 4% / 18 million shares
3 Months
Caliber Mining : 2% / 1.6 million shares
Trading Tweaks
Price Band
KRN Heat Exchanger and Refrigeration : Price band changed from 10% to 5%.
F&O Cues
Securities in ban period: Ambuja Cements, Kaynes Technology, SAIL
- October 21, 2026 08:42
India-UAE bilateral trade crosses $100 billion as strategic ties deepen
India-UAE trade crosses $100 billion as strategic partnership deepens
India-UAE trade has crossed $100 billion since the 2022 CEPA, as both nations deepen cooperation in energy, defence, technology and investment amid Gulf tensions.
- October 21, 2026 08:42
FIIs are buying these small-cap stocks
1. Cupid: FII holding increased from 1.01% to 4.17% (Change: +3.16%)
2. Sterlite Tech: FII holding increased from 18.22% to 19.72% (Change: +1.50%)
3. HFCL: FII holding increased from 7.08% to 15.74% (Change: +8.66%)
4. MTAR: FII holding increased from 17.31% to 24.80% (Change: +7.49%)
5. Pine Labs: FII holding increased from 4.80% to 9.49% (Change: +4.69%)
6. Astra Microwave: FII holding increased from 7.56% to 10.74% (Change: +3.18%)
7. Apollo Micro Systems: FII holding increased from 3.63% to 7.59% (Change: +3.96%)
8. Paras Defence: FII holding increased from 5.06% to 8.29% (Change: +3.23%)
9. Fedbank Financial Services Limited: FII holding increased from 0.66% to 9.30% (Change: +8.64%)
10. IOL Chemicals and Pharmaceuticals: FII holding increased from 1.72% to 4.87% (Change: +3.15%)
11. Dee Development Engineers Ltd.: FII holding increased from 2.17% to 4.67% (Change: +2.50%)
12. IdeaForge: FII holding increased from 4.89% to 8.27% (Change: +3.38%)
Disclaimer : educational purpose only
- October 21, 2026 08:41
Mega IPO: Here is what brokerages say about Jio Platforms’ ₹30,213 crore issue
Mega IPO: Here is what brokerages say about Jio Platforms’ ₹30,213 crore issue
The issue is entirely a fresh issue of up to 27 crore equity shares, with a price band of ₹1,065–₹1,119 per share, aggregating up to ₹30,213 crore at the upper end.
- October 21, 2026 08:40
Stock market updates: Here are a few stocks to watch out for today
POSITIVE
Tata Steel, JSW Steel- Primary-Secondary Rebar Spread-Highest Since June 2022
Sun Pharma-Authority recommendations for skin cancer drug
ABB India-Strong commentary from parent co
Orchid Pharma-Board approves raising up to Rs 600 cr
Venus Pipes- Commences pipe spooling operations
Quality Power-Commencement of operations (coil factory)
Genus Power-Board to meet on Oct. 26 to consider buyback
Ceigall- Agreement with Central Transmission Utility of India
Gabriel India-Forms JV with Faurecia Automotive
NEGATIVE
Schaeffler India-MD, CEO taken into custody by Pune Police
Globus Spirits - Maize Ethanol Price cut by Rs 3/ltr
JSW Dulux-Rs 118 crore tax order from Karnataka GST authority
- October 21, 2026 08:39
Stock market today: Opening cues
Oil Steadies As Traders Weigh-In US-Iran Talks
Treasury Rates Cool-Off Slighlty
US Futures Advance On Strong Corporate Earnings
Elon Musk:SpaceX and Tesla Explore Potential Merger
Strong Earnings From SpaceX
Nikkei, Kospi-Rally On AI Optimism
Rest of Asian Markets Open Muted
FII Shorts At 90% vs 89%
FIIs Turn Sellers In Cash Markets After 1 Session
- October 21, 2026 08:38
Latest earnings and stock updates
1. Bajaj Finance
* Net Profit ↑ 29% to ₹6,367 Cr
* Net Interest Income ↑ 24% to ₹13,335 Cr
* Pre-Provision Operating Profit ↑ 23% to ₹10,699 Cr
* Gross NPA improved to 1.06% from 1.24%
* Net NPA improved to 0.42% from 0.60%
View: Strong growth with improving asset quality.
2. L&T Technology Services
* Net Profit ↑ 66.8% to ₹548.2 Cr
* Revenue ↑ 12.1% to ₹3,040.4 Cr
* EBIT ↑ 29.8% to ₹496.6 Cr
* EBIT Margin improved to 16.3% from 14.1%
* Interim Dividend: ₹20 per share
View: Strong profitability and margin expansion.
3. Hindustan Zinc
* Net Profit ↑ 142.1% to ₹6,412 Cr
* Revenue ↑ 76.5% to ₹15,093 Cr
View: Strong year-on-year growth; monitor metal prices and the sustainability of earnings.
4. Delta Corp
* Reported a loss of ₹106.4 Cr against a profit of ₹25.1 Cr
* Revenue ↓ 12.85% to ₹159.5 Cr
View: Weak performance.
5. Waaree Renewable Technologies
* Net Profit ↓ 30% to ₹81.5 Cr
* Revenue ↑ 36.5% to ₹1,057.8 Cr
View: Revenue growth but profit pressure.
6. Piramal Finance
* Net Profit ↑ 67% to ₹545 Cr
* Net Interest Income ↑ 35% to ₹1,530 Cr
* Pre-Provision Operating Profit ↑ 64% to ₹846 Cr
View: Strong growth in profitability and interest income.
7. Sobha
* Net Profit ↓ 54.6% to ₹33 Cr
* Revenue ↓ 31.3% to ₹967.1 Cr
View: Weak quarterly performance.
8. IREDA
* Net Profit ↑ 0.91% to ₹554 Cr
* Revenue ↑ 14% to ₹2,344 Cr
* Operating Profit ↑ 16.5% to ₹904 Cr
* Gross NPA improved to 3.57% from 3.97%
* Net NPA improved to 1.08% from 1.97%
9. Just Dial
* Net Profit ↓ 9.7% to ₹107.8 Cr
* Revenue ↑ 13.1% to ₹342.8 Cr
10. Gallantt Ispat
* Net Profit ↓ 32% to ₹60.5 Cr
* Revenue ↑ 13.1% to ₹1,145.9 Cr
11. SML Mahindra
* Net Profit ↓ 44.4% to ₹11.7 Cr
* Revenue ↑ 20.7% to ₹669.8 Cr
🔹 OTHER STOCKS TO WATCH
Infosys
Expanded its collaboration with Truist, a major US financial services company, to support the development of its AI-first Global Capability Centre in Hyderabad.
Diamond Power Infrastructure
Appointed Kundip S. Thakker as CFO and Key Managerial Personnel, effective October 20, 2026.
Dhampur Bio Organics
Signed an exclusive technology licensing agreement with Switzerland-based Planetary SA for mycoprotein production in India.
Ceigall India
Its subsidiary signed a Transmission Service Agreement for interstate power transmission infrastructure supporting renewable energy evacuation projects.
Transrail Lighting
Approved the proposed acquisition of a 49% stake in NOPL Pace Green Energy for ₹20 Cr. NOPL is developing a solar power portfolio of approximately 990 MW (AC) in Maharashtra under the PM-KUSUM scheme.
Alembic Pharmaceuticals
Its subsidiary incorporated a wholly owned subsidiary in Dubai, UAE.
JSW Dulux
Karnataka GST Department revised the tax demand to ₹42.04 Cr from the earlier demand of ₹118.33 Cr.
🔹 BULK DEAL
Xpro India
Investor Ashish Kacholia sold 2.22 lakh shares (0.94% stake) at an average price of ₹970.11 per share, for approximately ₹21.53 Cr.
His holding stood at 2.01% as of September 2026, according to the update.
🔹 LISTINGS TODAY
* Mainboard: HD Fire Protect
* SME: Vaibhav Vyapaar
🔹 STOCKS TRADING EX-DIVIDEND
* ICICI Prudential Asset Management Company
* Elecon Engineering Company
* Mangalore Refinery and Petrochemicals
🔹 F&O BAN
* Ambuja Cements
* Kaynes Technology India
* SAIL
🔹 QUARTERLY RESULTS EXPECTED TODAY
Eternal, Aditya Birla Sun Life AMC, Adani Green Energy, International Gemmological Institute, Indian Hotels Company, KEI Industries, Mahindra & Mahindra Financial Services, PC Jeweller, SRF, Vishal Mega Mart, Indosolar and Welspun Specialty Solutions.
- October 21, 2026 08:37
Stock market update: Morgan Stanley says India chemicals shifting fortunes
El Niño risks supports stronger agchem demand, even as competition caps pricing gains. Selective supply-chain tightness offers margin opportunities. Upgrade Aarti to EW on MMA/ intermediate pricing tailwinds, double-downgrade PI to relative UW on legacy pressures, retain Deepak Nitrite as sole OW.
Changing preferences: We upgrade Aarti to EW, with tighter gasoline markets benefiting its energy portfolio and Chinese supply constraints supporting its agchem, pharma, pigments and dye intermediates (~one-third of revenues). We double-downgrade PI to relative UW, as lagging earnings growth, slow scaling of new businesses and elevated capex could prolong YTD underperformance. Deepak Nitrite remains our sole OW. We update estimates for F26/1Q27 and latest guidance. Key risks: (i) Weaker crop prices or limited El Niño disruption; (ii) persistent Chinese pricing pressure or reversal of supply constraints.
- October 21, 2026 08:30
Half of India’s coal-fired power plants face critically low fuel stocks
India’s 96 coal-fired power plants face critically low fuel stocks
Nearly half of India’s coal-fired power plants have critically low stocks as rising power demand, hotter weather and falling hydropower output strain supplies.
- October 21, 2026 08:15
Indian stock markets likely to open marginally positive on global cues
Indian stock markets likely to open marginally positive on global cues
Indian markets may open marginally higher on positive global cues amid cautious earnings and geopolitical oil risks.
- October 21, 2026 07:54
Stocks to watch out for today, October 21: Infosys, Ceigall, Dhampur Bio, JSW Dulux, Venus Pipes, Transrail, Orchid Pharma among 15 stocks in focus
Stocks to watch out for today, October 21: Infosys, Ceigall, Dhampur Bio, JSW Dulux, Venus Pipes, Transrail, Orchid Pharma among 15 stocks in focus
Stocks to watch today include Infosys, Ceigall, Dhampur Bio, JSW Dulux, Venus Pipes, Transrail, Orchid Pharma among 15 focused names.
- October 21, 2026 07:42
Megamont Ltd bags orders worth ₹6.04 crore to supply Crude Degummed Soyabean Oil to AWL Agri Business Ltd (formerly Adani Wilmar Ltd)
The entire supply is to be executed within October
- October 21, 2026 07:42
Takyon Networks receives work order worth ₹1.33 crore from IIT, Kanpur, for the purpose of Supply and Installation of Modern Smart Racks
The order has to be executed within 60 days
- October 21, 2026 07:20
Today's Stock Recommendation: October 21, 2026: The stock idea that we have for you today is South Indian Bank
- October 21, 2026 07:20
ArMee Infotech delivers strong profitability growth in Q1 FY27; standalone PAT rises 192% y-o-y
Consolidated EBITDA more than doubles as the Company strengthens operational performance and advances its renewable energy strategy.
Key Highlights
Standalone revenue from operations at ₹273.27 crore, up 1.10% YoY.
Standalone EBITDA rose 64.61% to ₹7.72 crore; margin improved to 2.83%.
Standalone PAT grew 191.58% to ₹2.77 crore.
Consolidated EBITDA rose 128.62% to ₹6.95 crore; PAT turned positive at ₹1.82 crore.
Subsequent developments: ₹300 crore IPO, 250 MW / 500 MWh BESS award and new renewable energy subsidiary.
- October 21, 2026 07:19
BLS Polymers Limited IPO to open on October 27, 2026
PRICE BAND FIXED AT ₹142-₹150
IPO comprises a Fresh Issue of up to 1,70,00,000 equity shares with a face value of ₹10 through book-building route
BLS Polymers proposes to utilize ₹7,756.07 lakhs from the Offer proceeds for financing the capital expenditure requirement towards expansion of the Company’s manufacturing facility by increasing the manufacturing capacity of certain of its existing products; ₹8,950.00 lakhs for funding its working capital requirements and deploy the remaining funds for general corporate purposes and offer expenses
- October 21, 2026 07:18
IndusInd General Insurance Company appoints Sharad Mathur as MD & CEO
IndusInd General Insurance Company Limited (formerly Reliance General Insurance Company Limited), part of the IndusInd International Holdings Limited (IIHL) Group, has appointed Mr. Sharad Mathur as its Managing Director & Chief Executive Officer, following receipt of all requisite statutory approvals.
With over three decades of experience in the insurance and financial services industry, Mr. Mathur brings deep expertise in business transformation, distribution expansion, customer-centric growth, risk management and technology-led innovation. In his new role, he will lead IndusInd General Insurance’s next phase of growth and transformation, with a strong focus on customer experience, digital innovation, insurance inclusion and sustainable profitability.
- October 21, 2026 07:17
Mangalam Global Enterprise Limited Q2 FY27 PBT rises 41.85% y-o-y to ₹12.27 crore; strengthens NEAT everyday business presence across India
Mangalam Global Enterprise Limited (MGEL), an integrated agro-processing company with a presence in the consumer wellness segment, today announced its financial results for the quarter and half year ended September 30, 2026.
The company reported consolidated revenue from operations of ₹982.56 crore in Q2 FY27, compared to ₹705.80 crore in the corresponding quarter of the previous financial year. Profit Before Tax (PBT) stood at ₹12.27 crore, as against ₹8.65 crore in Q2 FY26. The results reflect the company’s performance across its agro-processing value chain and ongoing business initiatives.
The company continues to strengthen its integrated agro-processing operations, with a focus on sourcing, processing, value addition and exports across key product categories, including castor oil, wheat and rice. Alongside its core business, MGEL is developing its consumer wellness portfolio through NEAT Everyday, with a retail presence across Mumbai, Ahmedabad and Indore.
During the period, MGEL continued to develop NEAT Everyday, its direct-to-consumer wellness brand offering products across cold-pressed Nutra & Vital oils, wellness supplements, gummies, Ayurvedic formulations and personal care. The brand’s retail presence supports consumer engagement as it participates in the evolving everyday wellness market.
Key Financial Highlights (Consolidated): Q2 FY27
Profit Before Tax (PBT): ₹12.27 crore, up 41.85% YoY from ₹8.65 crore in Q2 FY26.
Revenue from Operations: ₹982.56 crore, up 39.21% YoY from ₹705.80 crore in Q2 FY26.
Adjusted EBITDA: ₹23.10 crore, up 38.57% YoY from ₹16.67 crore in Q2 FY26.
Adjusted EBITDA Margin (%): 2.35%, compared with 2.36% in Q2 FY26.
Key Financial Highlights (Consolidated): H1 FY27
Profit Before Tax (PBT): ₹22.71 crore, up 32.65% YoY from ₹17.12 crore in H1 FY26.
Revenue from Operations: ₹1934.63 crore, up 23.67% YoY from ₹1564.34 crore in H1 FY26.
Adjusted EBITDA: ₹44.28 crore, up 32.57% YoY from ₹33.40 crore in H1 FY26.
Adjusted EBITDA Margin (%): 2.29%, compared with 2.14% in H1 FY26.
- October 21, 2026 07:05
UPCOMING Q2 FY27 RESULTS
21 Oct 2026
* ETERNAL
* ADANI GREEN ENERGY
* INDIAN HOTELS
* SRF
* KEI INDUSTRIES
* VISHAL MEGA MART
* M&M FINANCIAL SERVICES
* PC JEWELLER
* ADITYA BIRLA SUN LIFE AMC
22 Oct 2026
* ADANI ENERGY SOLUTIONS
* ADANI TOTAL GAS
* HAVELLS INDIA
* SWIGGY
* CYIENT
* NIPPON LIFE INDIA AMC
* COLGATE-PALMOLIVE INDIA
23 Oct 2026
* ADANI POWER
* BPCL
* CG POWER & INDUSTRIAL SOLUTIONS
- October 21, 2026 07:05
Zerodha enters the IPO anchor book for the first time
Via Rainmatter Investments enters JIO Platforms
At: ₹1,119/sh
Shares Allotted: 2.23L
- October 21, 2026 07:03
RECORD DATES THIS WEEK (13 STOCKS WITH DIVIDENDS, STOCK SPLIT & BUYBACK)
🔸WEDNESDAY, 21 Oct
■ ICICI Prudential AMC – Dividend ₹30
■ MRPL – Dividend ₹3
🔸THURSDAY, 22 Oct
■ JSW Dulux – Stock Split (₹10 → 10 × ₹1)
■ VRL Logistics – Buyback ₹320/share
■ Angel One – Dividend ₹1.4
■ Tips Music – Dividend ₹6.5
🔸FRIDAY, 23 Oct
■ 360 ONE WAM – Dividend ₹7.5
■ HDB Financial Services – Dividend ₹2
■ ICICI Lombard – Dividend ₹7
■ IRFC – Dividend ₹1.15
■ LTM (LTIMindtree) – Dividend ₹25
■ Oberoi Realty – Dividend ₹2
■ Tech Mahindra – Dividend ₹15
- October 21, 2026 07:03
Morgan Stanley double-downgrades PI Industries Ltd to relative Underweight; PT falls to ₹2,030 from ₹3,883
- October 21, 2026 07:02
Nomura initiates coverage of Acme Solar with Buy and NTPC Green with Neutral rating
India’s renewable capacity (ex-hydro) has seen strong additions over FY16-FY26, driven by falling capital cost and policy support. As a result, the share of renewable energy (RE) in India’s electricity mix has risen from ~1% in FY06 to ~17% in FY26, creating grid-level challenges: thermal cycling utilisation of ~60–82% in a day, RE curtailments at ~35GW in summer 2026, and non-solar-hour reserve margin 5–6% below the Central Electricity Authority (CEA) optimum margin through FY36E. Energy storage is the critical technology that addresses all these issues, underpinning the thesis, in our view. We prefer Acme Solar (Buy) over NTPC Green (Neutral) as Acme is better placed to capture the energy storage opportunity owing to its faster execution.
Acme Solar (ACMESOLA IN, Buy; TP of INR505): Acme Solar is transitioning from a conventional IPP to a firm, with its dispatchable platform comprising half of its portfolio. This shift delivers superior returns driven by higher utilisation rates, tariffs, and equity IRRs. To support FDRE, Acme plans to install ~25GWh of BESS capacities and pre-commissioned 5GWh+ of BESS, further enhancing project returns. We expect Acme to deliver an EBITDA CAGR of 65% over FY26-FY29F, led by FDRE-led portfolio.
NTPC Green (NTPCGREE IN, Neutral; TP of INR100): NTPC Green’s growth is underpinned by 60GW of its target by FY32, supported by the MoUs signed with state entities and other PSUs. To strengthen its green power, the company plans to add ~34GWh of BESS by FY32, has contracted 3GWh of PSP, and tendered for 12GWh of PSP. We expect NGEL to record 72% EBITDA growth over FY26-FY29F led by strong additions and contracted storage capacities.
- October 21, 2026 07:01
All-time high breakout alert: 6 stocks closed at fresh lifetime highs on 19-10-2026
💠TBZ
💠Kross
💠Singer India
💠Karur Vysya bank
💠Shyam Metallics
💠South Indian Bank
- October 21, 2026 06:59
Instl. Investors EQUITY Cash Trades PROV. - 19/10/2026 (in crores)
FIIS : SELL -1,149 (11,240-12,389)
DIIS : BUY +3,201 (14,781-11,580)
- October 21, 2026 06:49
Today's stock recommendation: South Indian Bank (54.31) – BUY
South Indian Bank share price can rise to ₹62
Stock to buy today: South Indian Bank (54.31) – BUY
Bullish technical outlook for South Indian Bank; stock may rise to ₹62 with buy/accumulate guidance, risk notes, and stop-loss levels.
Published on October 21, 2026
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