Strong Q2 Earnings, Big-Ticket Investments, Project Wins, and Bulk Deals Set the Tone for Key Stocks in Today’s Trade
🔍 Top Q2 Earnings to Drive Market Action
Markets will react to a flurry of Q2 earnings reports released over the weekend and during early trade, with index heavyweights and mid-cap names alike showing significant financial updates.
📊 Key Q2 Results Highlights:
- Reliance Industries
- Net profit up 14.3% YoY to ₹22,092 Cr
- EBITDA margin rises to 17.8%
- Jio Platforms profit rises 12.8%, ARPU up to ₹211.40
- HDFC Bank
- Profit up 10.8% YoY to ₹18,641.3 Cr
- NII up 4.8%
- Gross NPA improves to 1.24%, Net NPA at 0.42%
- ICICI Bank
- Net profit up 5.2% YoY to ₹12,358.9 Cr
- NII grows 7.4%, Gross NPA down to 1.58%
- UltraTech Cement
- Profit up 75.2% YoY to ₹1,231.6 Cr
- Revenue rises 20.3% to ₹19,606.9 Cr
- Sobha
- Net profit soars 178% YoY to ₹72.5 Cr
- Revenue jumps 50.8% YoY
- Dixon Technologies
- Profit jumps 71.9% to ₹670 Cr
- Revenue up 28.8%, strong other income support
- IDBI Bank
- Net profit almost doubles (97.5%) to ₹3,627.4 Cr
- Gross NPA improves to 2.65%
🏦 RBL Bank in Focus After Massive FDI Deal
- Emirates NBD Bank to acquire 60% stake in RBL Bank via $3 billion primary infusion
- Marks largest-ever foreign investment in Indian banking
- Mandatory open offer for 26% public stake to follow
- Stock in F&O ban for the day
🔧 Infra & EPC Orders Fuel IRCON, RVNL, and Sterling & Wilson
- IRCON International
- Order worth ₹360.3 Cr from Petronet LNG for civil & structural works in Gujarat
- RVNL
- Emerges L1 bidder in South Central Railway reverse auction for 2x25kV OHE upgradation worth ₹144.4 Cr
- Sterling & Wilson Renewable Energy
- Declared L1 for 3 solar EPC projects (363 MW, 580 MW, and 115 MW)
- Combined project value of approx. ₹1,772 Cr
💼 Other Stocks to Watch Based on Key Triggers
- Marico: Acquires remaining 46.02% in True Elements, making it a 100% subsidiary
- Tata Power: Temporarily suspends Mundra unit operations till Nov 30
- Alembic Pharma: Gets USFDA final approval for steroid injectable drug
- RPP Infra: Wins ₹125.92 Cr contract from NADFM, Pune
💸 Bulk Deals & Institutional Action
- Delhivery:
- Smallcap World Fund sells 0.52% stake for ₹175.66 Cr
- Canara HSBC Life:
- Oxbow Master Fund exits entire 1.73% holding for ₹181.1 Cr
- MTAR Technologies:
- BNP Paribas buys shares worth ₹80.8 Cr
- IRB InvIT Fund:
- LTIMindtree buys 1 Cr units at ₹60.93/unit
- IIFL Finance & Kotak Bank sell large chunks worth ₹150 Cr+ combined
📉 Stocks Going Ex-Dividend Today
- Tech Mahindra
- Oberoi Realty
- Rama Phosphates
- Tips Music
🚫 F&O Ban List
- RBL Bank
- Sammaan Capital
Traders must exercise caution in these stocks as derivative positions are restricted due to high open interest.
October 20 will be action-packed as markets digest strong Q2 numbers from Reliance, HDFC Bank, ICICI, and others. RBL Bank will be under heavy focus after a record FDI deal, while infra and solar project wins will drive IRCON, RVNL, and Sterling & Wilson. Bulk deals and ex-dividends round out the day’s key movers.