Several stocks are likely to remain in focus in the stock market today due to fresh business developments, block deals and quarterly earnings. Bharat Electronics (BEL) has secured additional orders worth ₹1,011 crore, while Persistent Systems has launched a Qualified Institutional Placement (QIP) worth ₹4,265 crore. Seamec has signed a $55 million contract, and Tata Communications has received relief in a tax dispute in Spain.
Meanwhile, investor Aditya Kumar Halwasiya has purchased PC Jeweller shares worth ₹101.3 crore. Investors will also track the Q2FY27 results of several major companies scheduled for announcement today.
Q2FY27 Results Today: Companies to Watch
A number of companies are scheduled to announce their financial results for the second quarter of FY27. These include Swiggy, Colgate-Palmolive India, Adani Energy Solutions, Adani Total Gas, BlueStone Jewellery and Lifestyle, Chennai Petroleum Corporation, CreditAccess Grameen, Cyient, Havells India, Hindustan Petroleum Corporation, Jammu and Kashmir Bank, Jindal Stainless, Nippon Life India Asset Management, Nuvoco Vistas Corporation, Rallis India, Sagility, Sapphire Foods India and Tata Teleservices (Maharashtra).
The quarterly earnings announcements will provide investors with updates on the companies’ financial performance.
BEL, M&M Financial Services, KEI Industries and Other Stocks
Bharat Electronics (BEL): The defence electronics company has received additional orders worth ₹1,011 crore since October 13. The orders cover radar systems, communication equipment, sonar, jammers, upgrades, spare parts and services.
Mahindra & Mahindra Financial Services: The company’s profit increased 54.8% year-on-year to ₹881.5 crore. Net interest income also rose 13.2% to ₹2,391.4 crore.
KEI Industries: The company reported a 29% increase in profit to ₹262.5 crore. Revenue climbed 38.5% to ₹3,776.4 crore.
Indian Hotels Company: Profit increased 19.4% to ₹380 crore.
PC Jeweller: The jewellery company reported a 58% rise in profit to ₹331.1 crore, while revenue grew 27.8% to ₹1,054.5 crore.
Persistent Systems, Seamec and Tata Communications: Key Developments
Seamec: The company has signed an agreement with HAL Offshore to charter its vessel, SEAMEC ANANT, for inspection, maintenance and repair (IMR) operations for ONGC. The contract runs for approximately 1,225 days and is valued at $55 million.
Persistent Systems: The company opened a Qualified Institutional Placement on October 21 to raise ₹4,265 crore. The floor price for the issue has been set at ₹5,761 per share.
Tata Communications: A Spain-based subsidiary of the company has received relief in a tax dispute. The court has set aside a value-added tax (VAT) demand of €15.51 million and a penalty of €18.10 million.
NHPC: The company has announced the commercial operation date for the fifth 250 MW unit of the Subansiri Lower Hydroelectric Project.
Block Deals and Institutional Investment Activity
HD Fire Protect: Allianz Global Investors acquired 17.55 lakh shares in the company for ₹55.73 crore.
PC Jeweller: Investor Aditya Kumar Halwasiya purchased 5.51 crore shares at ₹18.39 per share. The transaction was valued at ₹101.3 crore.
Rappid Valves: The Maharashtra Defence and Aerospace Venture Fund sold 1.44 lakh shares. Meanwhile, Niveza Small Cap Fund and Aegis Investment Fund acquired stakes in the company.
Encompass Design India: Minerva Ventures Fund bought 2.42 lakh shares for ₹5.83 crore. Radiant Global Fund, meanwhile, exited the company by selling its entire stake.
These developments, along with the scheduled quarterly results, are likely to keep the listed companies on investors’ watchlists during the trading session.
Disclaimer: This article is for informational and educational purposes only and should not be considered investment advice or a recommendation to buy or sell any stock. Share prices can fluctuate, and corporate announcements may affect market performance differently. Investors should verify the latest company disclosures and consult a qualified financial adviser before making investment decisions.