Punjab National Bank: Q2FY27 net profit rose 12.8% YoY to ₹5,532 crore, NII grew 10.8% and GNPA improved to 2.55% from 3.45%. (Neutral)
Armee Infotech: Incorporated a wholly owned subsidiary focused on battery energy storage and renewable energy (Neutral)
Bharat Forge: Invested ₹240 crore in Kalyani Strategic Systems, which will further invest ₹163 crore in its subsidiary Agneyastra Energetics. (Neutral)
Kanchi Karpooram: CRISIL reaffirmed its corporate credit rating at BBB-/Stable. (Neutral)
Aadhar Housing Finance: Independent Director and Non-Executive Chairperson Raj Vikash Verma passed away on October 16, 2026. (Neutral)
Vodafone Idea: Appointed Manoj Murali as COO effective October 19, 2026; he brings over 25 years of telecom and mobility experience. (Neutral)
AXISCADES Technologies: Appointed Uttam Kumar Bhageria as CFO-designate from October 21, 2026. (Neutral)
LTM: Revenue grew 1.7% to Rs 11,808 crore from Rs 11,608 crore QoQ. EBIT grew 2.2% to Rs 1,839 crore from Rs 1,799 crore QoQ. (Neutral)
Axis Bank: Net profit grew 37.6% to Rs 7,003 crore from Rs 5,090 crore YoY. Gross NPA stood at 1.16% versus 1.28% QoQ. (Neutral)
HDFC Bank: Net profit grew 4.7% to Rs 19,510 crore from Rs 18,641 crore YoY. Gross NPA stood at 1.11% versus 1.17% QoQ. (Neutral)
ICICI Bank: Net profit grew 20.1% to Rs 14,843 crore from Rs 12,359 crore YoY. Net interest margin stood at 4.18% versus 4.36% QoQ. (Neutral)
IDBI Bank: Net profit declined 39.2% to Rs 2,205 crore from Rs 3,627 crore YoY. Gross NPA stood at 2.12% versus 2.30% QoQ. (Neutral)
Bajaj Health: Net profit grew 26.8% to Rs 14.1 crore from Rs 11.1 crore YoY. Revenue grew 18.2% to Rs 175 crore from Rs 148 crore YoY. (Neutral)
Yes Bank: Net profit grew 65% to Rs 1,080 crore from Rs 654 crore YoY. Gross NPA stood at 1.2% versus 1.3% QoQ. (Neutral)
Ganesha Ecosphere: Arm Ganesha Ecopet receives FSSAI approval for its fourth recycled polyethylene terephthalate (rPET) line. (Neutral)
List of stocks included in the short term ASM Framework: Hero Motors (Neutral)
List of stocks excluded from the ASM Framework: Astec LifeSciences, Centum Electronics, India Glycols, Kanohar Electricals, One Mobikwik and Advit Jewels. (Neutral)
Oberoi Realty: Revenue at Rs 1,671 crore from Rs 1,779 crore YoY. EBITDA declined 0.1% to Rs 1,019 crore from Rs 1,020 crore YoY. (Negative)
DLF: Revenue at Rs 1,261 crore from Rs 1,643 crore YoY. EBITDA at Rs 23 crore from Rs 284 crore YoY. (Negative)
Tejas Network: Revenue grew 0.9% to Rs 406 crore from Rs 402 crore QoQ. EBITDA loss widened to Rs 107 crore from Rs 100 crore QoQ. (Negative)
Stocks in News
Kross: Revenue stood at Rs 235 crore versus Rs 131 crore, up 79.4% YoY. Net profit stood at Rs 2 crore versus Rs 1 crore, up 137.5% YoY. (Positive)
Ixigo: Net profit stood at Rs 61.3 crore versus a loss of Rs 3.2 crore YoY. Revenue grew 12.9% to Rs 321 crore from Rs 284 crore YoY. (Positive)
Central Bank: Net profit grew 21.1% to Rs 1,469 crore from Rs 1,213 crore YoY. Gross NPA stood at 2.39% versus 2.60% QoQ. (Positive)
India Cem: Net profit stood at Rs 38.8 crore versus Rs 8.8 crore YoY. Revenue atRs 1,142 crore from Rs 1,117 crore YoY. (Positive)
PSB: Net profit grew 39.7% to Rs 412 crore from Rs 295 crore YoY. Gross NPA stood at 2.09% versus 2.21% QoQ. (Positive)
GPT Infraprojects: Wholly owned subsidiary Alcon Builders secured a railway order worth ₹149.5 crore, including GST (Positive)
Paushak: Q2FY27 revenue rose to ₹89.32 crore from ₹58.78 crore, while PAT increased to ₹13.51 crore from ₹8.61 crore. (Positive)
Power Grid Corporation: Won the 765kV GIS Pune West transmission project with annual transmission charges of ₹199.55 crore. (Positive)
Urban Company: Q2FY27 revenue rose 41% YoY to ₹537 crore and NTV increased 39% to ₹1,432 crore; core adjusted EBITDA rose 213% to ₹30 crore. (Positive)
JSW Steel: Company gets relief as Orissa High Court quashes the ₹696.32 crore demand linked to the Jajang iron ore block and sets aside a ₹1,472.69 crore demand (Positive)
Jindal Saw: Q2FY27 consolidated income rose to ₹4,523 crore from ₹4,264 crore, while EBITDA fell to ₹312 crore and PAT to ₹35 crore. (Positive)
Vedanta: Zinc production capacity in South Africa to double, targets 3 million tonnes output (Positive)
Adroit Infotech: Signed a non-binding agreement to acquire a majority stake in Croatia-based Verso Altima Group, which generates approximately €13 million in standalone revenue. (Positive)
ESAF Small Finance Bank Upgrading its core banking system to Oracle FLEXCUBE (Positive)
Zydus Wellness Received an ESG rating of 72 for FY26 from NSRAL, placing it in the “Leader” category. (Neutral)
Affle 3i: Received USD 34.99 million from promoter warrant conversion, taking cumulative remittances to USD 64.49 million (₹611.5 crore). (Neutral)
Dharmaj Crop Guard: Himachal Pradesh High Court dismissed SML’s interim injunction application in the ZeekaSulf patent dispute; the main suit remains pending. (Neutral)
Lenskart Solutions: Received a ₹13.17 crore customs duty and penalty demand over imported eyeframe classification (Neutral)
Bajaj Housing Finance: Q2FY27 PAT rose 18% YoY to ₹757 crore, revenue increased to ₹3,250 crore and AUM grew 25% to ₹1.58 lakh crore (Neutral)
Usha Financial Services: Allotted 279 secured 12% NCDs worth ₹2.79 crore under a ₹10 crore approved issue, with a four-year tenure. (Neutral)
Varroc Engineering: Approved acquisition of a 45% stake in Forsee Power India for up to €4.5 million; the target reported FY26 revenue of ₹18.84 crore. (Neutral)
Stocks in Action
Aegis Logistics Ltd.: Aegis Logistics Ltd. reported a better-than-expected 1QFY27 performance, driven by strong contributions from both its liquid and gas divisions. Gas distribution EBITDA/mt has remained above Rs 7,000 for the past two quarters, with management expecting margins to sustain around current levels even in a normalized energy price environment, supported by continued volume growth, procurement efficiencies and operating leverage. Further, the proposed acquisition of an 89.8% stake in Tristar for USD 809m marks a transformational milestone in Aegis’ evolution from a domestic LPG and liquid logistics player into a global energy logistics platform. With operations across 30+ countries, Tristar offers significant scale, geographic diversification and access to complementary businesses spanning maritime logistics, fuel storage, distribution and aviation fueling. In CY25, Tristar reported revenue of USD 1.4bn, EBITDA of USD 257m and PAT of USD 82m. The acquisition is expected to unlock cross-selling opportunities across Aegis’ domestic infrastructure and Tristar’s global network, broaden access to blue-chip customers and drive procurement efficiencies and better asset utilization. The combined entity could also deliver integrated logistics solutions across storage, transportation and fuel distribution, strengthening its international presence and supporting sustainable long-term growth. Positive on Aegis Logistics given the strong business fundamentals.
CG Power & Industrial Solutions Ltd.: CG Power & Industrial Solutions Ltd. has recently commissioned a greenfield transformer manufacturing facility in Madhya Pradesh, adding 45,000 MVA of capacity and taking its total transformer manufacturing capacity to 120,000 MVA. The management highlighted that the facility was commissioned within just 13 months, enabling the company to stay ahead of industry capacity requirements. The plant also offers scope for further capacity expansion, depending on the evolving demand-supply dynamics. With voltage capabilities ranging from 66kV to 1,200kV AC and a comprehensive product portfolio spanning distribution equipment to high-capacity EHV transformers and reactors, CG Power now has one of the most comprehensive transformer portfolios in the industry. The facility has already started attracting orders and enquiries from both domestic and export markets. Supported by a robust order book of Rs 14,400 crore and a significant expansion in manufacturing capacity, the company is well-positioned to deliver strong revenue growth over the next three years. Positive on CG Power & Industrial Solutions given the strong demand for transformers and its expansion strategies.
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Forthcoming Event
19th October: BEPL, LTTS to consider Dividend
20th October: Kapston Services to consider Stock split; Orchid Pharma, Vintage Coffee And Beverages to consider Fund Raising
21st October: ADOR to consider Dividend; Automobile Corporation of Goa to consider Buyback; Magnus Steel And Infra to consider Fund Raising
22nd October: COLPAL, CYIENT, NAM-INDIA, PITTIENG, SAGILITY to consider Dividend; BlueStone Jewellery and Lifestyle to consider Fund Raising
23rd October: CMPDI, CRISIL, INFY, SSWL, SPLPETRO to consider Dividend; SKM Egg Products Export (India) to consider Amalgamation; Shriram Finance to consider Dividend & Fund Raising
27th October: ROUTE to consider Dividend; Manba Finance to consider Dividend & Fund Raising; Tata Capital to consider Fund Raising
28th October: HINDUNILVR, VAIBHAVGBL to consider Dividend; Indergiri Finance to consider Fund Raising
29th October: ASIANPAINT, CARERATING, CAMS, GODREJCP, LAURUSLABS to consider Dividend
30th October: INDTONER, NAVINFLUOR, STL to consider Dividend
Corporate Actions
Dividend
21-Oct-26
MRPL: Interim Dividend – Rs. – 3.00
ICICIAMC: Interim Dividend – Rs. – 30.00
ELECON: Interim Dividend – Rs. – 0.50
22-Oct-26
TIPSMUSIC: Interim Dividend – Rs. – 6.50
ANGELONE: Interim Dividend – Rs. – 1.40
23-Oct-26
IRFC: Interim Dividend – Rs. – 1.15
TECHM: Interim Dividend – Rs. – 15.00
360ONE: Interim Dividend – Rs. – 7.50
ICICIGI: Interim Dividend – Rs. – 7.00
HDBFS: Interim Dividend – Rs. – 2.00
AEPL: Interim Dividend – Rs. – 0.0060
GARUDA: Interim Dividend – Rs. – 0.03
LTM: Interim Dividend
IPO
Zetwerk Manufacturing Business: Open: 15-Oct-26; Close: 19-Oct-26
Sahajanand Medical Technologies: Open: 15-Oct-26; Close: 19-Oct-26
Tonbo Imaging India: Open: 15-Oct-26; Close: 19-Oct-26
Bonfiglioli Transmissions: Open: 15-Oct-26; Close: 19-Oct-26
Jio Platforms: Open: 21-Oct-26; Close: 23-Oct-26
Paras Healthcare: Open: 21-Oct-26; Close: 23-Oct-26
Buyback
VRL Logistics: Ex-Date: 22-Oct-26
Shardul Securities: Open: 14-Oct-26; Close: 21-Oct-26
Transport Corporation of India: Open: 15-Oct-26; Close: 22-Oct-26
Bonus Issue
Titan Biotech: Bonus Issue 1:4; Ex-Date: 23-Oct-26
Stock Split
Jattashankar Industries: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 19-Oct-26
JSW Dulux: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 22-Oct-26
Azad India Mobility: Stock Split From Rs. 10/- to Rs. 2/-; Ex-Date: 23-Oct-26
Midaas Fashions: Stock Split From Rs. 10/- to Rs. 5/-; Ex-Date: 26-Oct-26
Meenakshi India: Stock Split From Rs. 10/- to Rs. 5/-; Ex-Date: 30-Oct-26
Galaxy Agrico Exports: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 30-Oct-26
Gujarat Natural Resources: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 05-Nov-26
Knowledge Marine & Engineering Works: Stock Split From Rs. 5/- to Rs. 1/-; Ex-Date: 06-Nov-26
Right Issue
Natco Pharma: Open: 12-Oct-26; Close: 22-Oct-26
Tuni Textile Mills: Open: 28-Sep-26; Close: 26-Oct-26
Ola Electric Mobility: Open: 22-Oct-26; Close: 30-Oct-26
Shivam Autotech: Open: 22-Oct-26; Close: 19-Nov-26
Open Offer
Premier Explosives: Open: 12-Oct-26; Close: 26-Oct-26
FNO BAN Stocks: #AMBUJACEM #KAYNES #SAIL
CORPORATE ACTION
OCT 21ST – #MRPL EX DIV – 3
OCT 21ST – #ELECON EX DIV – 0.50
OCT 21ST – #ICICIAMC EX DIV – 30
OCT 28TH – NEW STOCKS IN F&O – COROMANDEL #CUB #DATAPATTNS #KARURVYSYA #NAVINFLUOR #SYRMA
OCT 30TH – HOLDING COMPANIES SPL AUCTION SESSION – GFLLIMTED #KICL #MAHSCOOTER #NSIL #PILANIINVS #SILINV #TVSHLTD #WILLAMAGOR
Stock Result Today –
#BAJFINANCE #ULTRACEMCO #UNIONBANK #HINDZINC #IREDA #AKSHARCHEM #AONESTEELS #BEPL #DELTACORP #ELEVATE #GALLANTT #GOCLCORP #HFCL #JPPOWER #JUSTDIAL #LTTS #MGEL #NELCO #PIRAMALFIN #SMLMAH #SOBHA #TATVA #VARMORA #WAAREERTL #AERPACE #BLOIN #KOURA #MALTLAND #MDRNSTL #MELSTAR #MODAIRY #ONTIC #QUINT #SHRINIWAS #YASHMGM
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