Stock Alert: Tech Mahindra, Wipro, Persistent Systems, Angel One, Mankind Pharma

Ambuja Cements, SAIL and Kaynes Technology India are in the futures and options (F&O) ban period for 16 October 2026.

Earnings Today:

Punjab National Bank, LTM, Bajaj Housing Finance, Crompton Greaves Consumer Electricals, DLF, Federal Bank, Jindal Saw, Oberoi Realty, Shoppers Stop, Tejas Networks, Ujjivan Small Finance Bank, and Urban Company will declare their results later today.

Results on 17 October

HDFC Bank, ICICI Bank, Axis Bank, IDBI Bank, Yes Bank, Central Bank of India, Punjab & Sind Bank, Bajaj Healthcare, India Cements, Le Travenues Technology, Kross, and Rossari Biotech will announce their quarterly results on October 17.

Stocks to Watch:

Tech Mahindra reported 32.7% rise in consolidated net profit to Rs 1,585.6 crore in Q2 FY27 as compared with Rs 1,194.5 crore in Q2 FY26. Revenue from operations increased 15.6% to Rs 16,180.2 crore from Rs 13,994.9 crore. The board also declared an interim dividend of Rs 15 per share and approved a bonus issue of equity shares in the ratio of 1:1.

Wipro reported 1.4% decline in consolidated net profit to Rs 3,200.6 crore in Q2 FY27 as compared with Rs 3,246.2 crore in Q2 FY26. Revenue from operations increased 9.06% to Rs 24,752.7 crore from Rs 22,697.3 crore. IT services revenue rose 8.95% to Rs 24,667 crore, while IT services EBIT margin declined 20 basis points to 16.5%. The company expects IT services revenue to be between US$2,571 million and US$2,625 million in Q3 FY27, implying sequential growth of -1.5% to 0.5%.

Persistent Systems reported 25.4% decline in consolidated net profit to Rs 351.5 crore in Q2 FY27 as compared with Rs 471.5 crore in Q2 FY26. Revenue increased 30.3% to Rs 4,663.9 crore from Rs 3,580.7 crore. EBIT rose 19.5% to Rs 697.7 crore, while EBIT margin declined 130 basis points to 15% from 16.3%.

Angel One reported 58.2% rise in consolidated net profit to Rs 335 crore in Q2 FY27 as compared with Rs 211.7 crore in Q2 FY26. Revenue increased 18.7% to Rs 1,427 crore from Rs 1,201.8 crore.

Sri Lotus Developers and Realty reported 77.9% rise in consolidated net profit to Rs 82.1 crore in Q2 FY27 as compared with Rs 46.2 crore in Q2 FY26. Revenue increased 52.5% to Rs 268.6 crore from Rs 176.1 crore.

Premier Energies' subsidiary, Premier Battery Technologies, has executed a share allotment-cum-shareholders' agreement with RCT Energy India, part of Germany's RCT Group, to establish Premier Energies Storage Solutions as a strategic joint venture. The joint venture will set up a battery energy storage system (BESS) manufacturing facility with a total capacity of 12 GWh. The first phase, with a capacity of 6 GWh, is expected to be established in FY 2027-28 at Seetharampur, Telangana.

Agastya Energy and Infrastructure has received an engineering, procurement and construction (EPC) and operations and maintenance (O&M) contract worth Rs 106.04 crore from its subsidiary, IMC Solar BDN LLP, for a solar power plant project.

Mankind Pharma will acquire a majority stake in Belgium-incorporated biotechnology company Armed Cell Therapeutics B.V. for 48 million euros. Armed Cell Therapeutics is developing next-generation chimeric antigen receptor T-cell (CAR-T) therapies for cancer, with its lead programmes targeting non-Hodgkin lymphoma and small cell lung cancer.

Solar Industries India's subsidiary, Solar Explochem, has entered into a share purchase agreement with Sivasakthi Industrial Explosives for the proposed acquisition of a 100% stake in the company for Rs 115.02 crore.

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