Nuvama initiated coverage of Powerica with a Buy rating and a ₹700 target, implying about 20% upside from Friday’s close. It expects growth from data-centre demand, expanding wind capacity and emission-control devices, while flagging risks including cost pass-through and project execution.
Swiggy share price: Brokerage firm Anand Rathi has upgraded the quick food delivery stock Swiggy to ‘buy’, while keeping target price unchanged at ₹310
UltraTech Cement Q2 Results: The cement maker reported a 21% year-on-year rise in consolidated net profit to Rs 1,494 crore in Q2 FY27, while revenue grew 19% to Rs 23,295 crore.
The Sensex declined almost 1,000 points, or 1.3%, to an intraday low of 73,771, while the Nifty 50 dropped nearly 300 points, or 1.2%, to the day's low of 22,861. The BSE 150 Midcap index declined by 0.75%, while the BSE 250 Smallcap index dropped 1%.
Jio Platforms is making waves with its IPO, drawing in around Rs 2.5 lakh crore from institutional investors, reflecting remarkable enthusiasm in the market.
Reliance Jio IPO GMP today: The Jio Platforms IPO will remain for bidding till Friday, 23 October, with shares likely to be listed on Wednesday, 28 October, on both BSE and NSE.
The working group will review ICDR provisions and deliberate upon the relevant issues, with a view to identify areas that may require review, clarification, rationalization or modification.
Just Dial share price opened at ₹716.45 against its previous close of ₹712.45 and jumped 12.6% to an intraday high of ₹802, with volume soaring massively by 115 times.
ECB President Christine Lagarde warned that a global bond selloff is tightening euro zone financial conditions, raising borrowing costs and weighing on growth. Policymakers face a challenge balancing persistent energy-driven inflation risks against slowing economic activity.
Platinum Industries shares jumped nearly 14% on Monday amid strong trading volumes, after crossing key moving averages. The company reported lower Q1 FY27 revenue and profit, while ramping up expanded Palghar capacity and advancing plans for a new Egypt facility.
HFCL reported a 448% year-on-year jump in Q2FY27 net profit to Rs 394 crore, compared with Rs 71.92 crore a year ago. Revenue surged 144% to Rs 2,542 crore, while EBITDA rose 224% to Rs 658 crore. EBITDA margin expanded 640 basis points to 25.89%.
The stock is up 6% year-to-date compared to a 13% fall in the equity benchmark Sensex. Over the last six months, it is up 12% compared to a 6% decline in the Sensex.
ICICI Bank has outperformed HDFC Bank in 2026, supported by stronger loan growth, deposits and profitability. While ICICI commands a valuation premium, HDFC’s 28% stock decline has created a potential recovery opportunity.
Tech Mahindra shares fell 2.1% after a sharp post-results rally, as investors booked profits. Brokerages remain divided, with Nuvama projecting 25% earnings growth over two years, while Nomura maintains a Neutral rating amid a focus on future growth and margins.
A-One Steels India shares rose nearly 10% on Monday as investors awaited the board’s review of unaudited results for the quarter ended 30 June 2026. The steelmaker’s recent market debut and strong IPO demand have also kept the stock in focus.
The Indian government bond market saw a positive turnaround as US Treasury yields declined, prompting significant value purchases. The benchmark 6.94% bond maturing in 2036 observed a yield of 7.3551% in morning trading.
PSU bank stocks surged up to 8% on Monday, led by Punjab National Bank after its Q2FY27 earnings beat estimates. In contrast, private lenders such as Axis Bank and HDFC Bank fell up to 5% despite reporting profit growth. The Nifty PSU Bank index gained over 2%, while its private-sector counterpart declined.
Jio Platforms’ Rs 30,213-crore IPO will open for subscription on October 21 and close on October 23, 2026. The issue comprises a fresh issue of 27 crore equity shares, with allotment expected on October 26 and listing tentatively scheduled for October 28 on the BSE and NSE.
Kross shares jumped nearly 20% after the commercial vehicle components maker reported strong Q2 FY27 results. Revenue rose 79.6% year on year to ₹235.09 crore, EBITDA increased 107.4% to ₹30.60 crore, and profit after tax climbed 143.5% to ₹19.69 crore.
Private bank stocks fell on Monday, pulling the Nifty Bank index down 1%, despite most lenders reporting year-on-year profit growth. Analysts cited high expectations, mixed results, elevated crude prices and foreign investor selling as risks.
Source: Mint — Markets
See India on the globe, compare it with other countries and follow it for free.