Stock Alert: ICICI Lombard, IDBI Bank, Reliance Industries, Bajaj Consumer, CEAT
Ambuja Cements, SAIL, and Kaynes Technology India are in the futures and options (F&O) ban period for 15 October 2026.
Earnings Today:
HDFC Life Insurance Company, Jio Financial Services, Nestle India, Tech Mahindra, Wipro, HDFC Asset Management Company, 360 ONE WAM, Angel One, Armee Infotech, Cyient DLM, IIFL Finance, Indian Bank, Sri Lotus Developers and Realty, L&T Finance, Persistent Systems, Polycab India, South Indian Bank, Sterling and Wilson Renewable Energy, Tata Communications, and UCO Bank will declare their results later today.
Stocks to Watch:
ICICI Lombard General Insurance Company reported a 15.47% rise in profit to Rs 946.4 crore in Q2 FY27 as compared with Rs 819.54 crore in Q2 FY26. Net premium earned increased 17.7% to Rs 6,651.87 crore, while total income rose 19.2% to Rs 7,843.7 crore. Underwriting loss widened to Rs 318.38 crore from Rs 178.36 crore. The board approved an interim dividend of Rs 7 per share.
Bajaj Consumer Care reported a 65.9% rise in consolidated net profit to Rs 70.2 crore in Q2 FY27 as compared with Rs 42.3 crore in Q2 FY26. Revenue increased 25.5% to Rs 332.8 crore from Rs 265.3 crore.
Reliance Industries' subsidiary Jio Platforms will open its Rs 30,187.6-crore initial public offering (IPO) for subscription on 21 October and close the issue on 23 October 2026. The price band has been fixed at Rs 1,065-1,119 per share. The IPO comprises a fresh issue of 27 crore equity shares. The issue includes a reservation of shares worth up to Rs 500 crore for eligible employees and up to Rs 2,500 crore for eligible shareholders of Reliance Industries. The anchor investor bidding will take place on 19 October.
HDB Financial Services reported a 34.2% rise in profit to Rs 780.2 crore in Q2 FY27 as compared with Rs 581.4 crore in Q2 FY26. Net interest income increased 15.6% to Rs 2,533.7 crore from Rs 2,192.5 crore.
CEAT reported a 39.8% fall in consolidated net profit to Rs 112 crore in Q2 FY27 as compared with Rs 186 crore in Q2 FY26. Revenue increased 26.2% to Rs 4,762 crore from Rs 3,773 crore. The company reported an exceptional loss of Rs 13 crore during the quarter on account of voluntary retirement schemes, as compared with nil exceptional items in the corresponding quarter last year.
Mangalore Refinery and Petrochemicals (MRPL) reported a 203% rise in consolidated net profit to Rs 1,900.8 crore in Q2 FY27 as compared with Rs 627.4 crore in Q2 FY26. Revenue, excluding excise duty, increased 43.6% to Rs 32,516.2 crore from Rs 22,649 crore.
Hathway Cable and Datacom reported a 44.3% fall in consolidated net profit to Rs 10.16 crore in Q2 FY27 as compared with Rs 18.25 crore in Q2 FY26. Revenue increased 5.7% to Rs 567.5 crore from Rs 536.7 crore.
IDBI Bank will remain in focus after Fairfax Financial Holdings-backed Canada Inc. was approved as the strategic buyer of the bank. The government and Life Insurance Corporation of India (LIC) will divest their combined 60.72% stake for Rs 52,878 crore. The government will sell its 30.48% stake, while LIC will divest its 30.24% stake at Rs 81 per share. Following the transaction, the government will retain a 15% stake in the bank, while LIC will continue to hold 19%.
Dr Reddy's Laboratories announced that the United States Food and Drug Administration (USFDA) completed a pre-approval inspection (PAI) at its FTO-9 manufacturing facility in Visakhapatnam, Andhra Pradesh, and issued a Form 483 containing three observations. The inspection was conducted on 8 and 9 October 2026.
Enviro Infra Engineers announced that its subsidiary, Suyog Urja, has received a Letter of Intent (LoI) worth Rs 228 crore from Arie Energy LLP for engineering, procurement and construction (EPC) turnkey works for the development of the 100 MW Ajani Wind Power Project in Latur, Maharashtra.
Om Power Transmission announced that it has received a Letter of Acceptance (LoA) worth Rs 101.56 crore from Uttar Gujarat Vij Company for a turnkey contract involving the conversion of the existing electrical line network into an underground cable network, along with associated works, in Ambaji.
NIIT has appointed Anish Sarkar as its Chief Executive Officer (CEO), effective October 14. He succeeds Pankaj Jathar, who has stepped down from the role.
Capri Global Capital said that its board approved raising funds of up to Rs 4,000 crore through equity shares or debt securities via one or more permissible modes. These include a rights issue, a preferential issue on a private placement basis, a public issue, a qualified institution placement (QIP), foreign currency convertible bonds (FCCBs), or external commercial borrowings (ECBs).
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