The Indian stock market will see several companies in focus on October 21, as quarterly earnings, new business agreements, investments and corporate developments are likely to influence investor attention. Key stocks to watch include Bajaj Finance, L&T Technology Services, Hindustan Zinc, Delta Corp, Waaree Renewable Technologies, Piramal Finance, Infosys, Diamond Power Infrastructure, Dhampur Bio Organics, Sobha and Just Dial.
Investors will also track the September-quarter earnings announcements from companies including Eternal, Adani Green Energy, Indian Hotels, KEI Industries, SRF and Vishal Mega Mart. Recent financial performance and corporate announcements could remain important factors for these stocks.
Q2 Results to Watch Today
Several companies are scheduled to announce their second-quarter financial results, making their stocks important to watch during the trading session. Eternal, Adani Green Energy, Indian Hotels, KEI Industries, SRF and Vishal Mega Mart are among the companies expected to report their quarterly numbers.
Investors will monitor earnings, revenue growth and other financial indicators to assess business performance.
Bajaj Finance, L&T Technology Services and Hindustan Zinc
Bajaj Finance: The company’s consolidated profit rose 29% year-on-year to Rs 6,367 crore, compared with Rs 4,948 crore in the corresponding period last year. Net interest income increased 24% to Rs 13,335 crore, while pre-provisioning operating profit climbed 23% to Rs 10,699 crore. Gross non-performing assets (NPA) declined to 1.06%, and net NPA stood at 0.42%. The company also raised its assets under management (AUM) growth projection for FY27 to 27%.
L&T Technology Services: The company reported a 66.8% increase in profit to Rs 548.2 crore. Revenue grew 12.1% to Rs 3,040.4 crore, while earnings before interest and tax (EBIT) rose 29.8% to Rs 496.6 crore. Its EBIT margin improved from 14.1% to 16.3%. The company announced an interim dividend of Rs 20 per share.
Hindustan Zinc: The company’s profit surged 142.1% to Rs 6,412 crore, while revenue increased 76.5% to Rs 15,093 crore.
Piramal Finance: Profit rose 67% to Rs 545 crore, while net interest income increased 35% to Rs 1,530 crore.
Delta Corp: The company reported a loss of Rs 106.4 crore, compared with a profit of Rs 25.1 crore in the previous year.
Waaree Renewable Technologies: Profit after tax (PAT) declined 30% to Rs 81.5 crore, even as revenue increased 36.5% to Rs 1,057.8 crore.
Infosys, Dhampur Bio Organics and Other Corporate Updates
Infosys: The IT services company has expanded its partnership with US-based financial services firm Truist. Under the agreement, Infosys will support the development of Truist’s artificial intelligence-based Global Capability Center in Hyderabad.
Dhampur Bio Organics: The company has signed a technology licensing agreement with Switzerland-based Planetary SA. The agreement provides for the exclusive production of mycoprotein in India.
Transrail Lighting: The company’s board has approved a proposal to acquire a 49% stake in NOPL Pace Green Energy for Rs 20 crore. NOPL is developing a solar power portfolio with an approximate capacity of 990 MW AC in Maharashtra.
Ceigall India: A subsidiary of the company has signed an agreement with the Central Transmission Utility of India for the development and operation of an interstate transmission system.
Diamond Power Infrastructure, Sobha and Just Dial are also among the stocks investors may track during the session.
Ashish Kacholia Sells Shares in Xpro India
Investor Ashish Kacholia sold 2.22 lakh shares of Xpro India for Rs 21.53 crore. The shares were sold at an average price of Rs 970.11 each, representing 0.94% of the company’s paid-up equity capital.
Disclaimer: This article is intended for informational and educational purposes only. It is not investment advice or a recommendation to buy or sell any security. Stock prices can fluctuate, and investors should conduct their own research or consult a qualified financial adviser before making investment decisions.