🇮🇳 India Daybook ~ Stocks in News — October 16, 2026

Hitech Corporation: Delisting successful as promoter accepts exit price of ₹426 per share, tendering 30.10 lakh shares. (Positive)

REC Limited: Receives RBI No Objection Certificate for its proposed scheme of merger into Power Finance Corporation. (Positive)

Power Finance Corporation: Receives RBI No Objection Certificate for the proposed merger of REC Limited into the company. (Positive)

Magnus Steel and Infra: Committee to meet on October 21 to finalize terms for up to ₹40 crore Rights Issue. (Positive)

Prabhhans Industries: Exigo Recycling and PACs make open offer to acquire up to 15.84% stake at ₹41.30 per share. (Positive)

Deepak Fertilizers: ICRA reaffirms [ICRA]AA- rating and revises outlook to Positive on ₹2,186 crore loan facilities. (Positive)

Asian Energy Services: Receives certified NCLT order sanctioning merger of holding firm Oilmax Energy, adding 5 oil and gas blocks. (Positive)

Aeroflex Neu: To acquire controlling 51.01% stake in Stilonn Valves and Controls for ₹16.00 crore. (Positive)

Shankara Buildpro: CRISIL upgrades long-term rating to 'CRISIL A/Stable' and raises bank facility limits to ₹820 crore. (Positive)

Cubex Tubings: To raise up to ₹75 crore via 50 lakh convertible warrants at ₹150 per warrant. (Positive)

Unifinz Capital India: Approves preferential issue of convertible warrants to raise up to ₹99.97 crore at ₹102 per warrant. (Positive)

Bharat Dynamics: Secures ₹1,307 crore contract from the Indian Navy for heavyweight torpedoes, executable over 42 months. (Positive)

Parth Electricals & Engineering: Bags ₹85 crore domestic orders for Ring Main Units, lifting order book to ₹471 crore. (Positive)

LEAP India: India Ratings upgrades bank loan facilities worth ₹1,051 crore to 'IND A+/Stable'. (Positive)

Ravindra Energy: 49.5% JV inaugurates EV complex in Pune with initial capacity of 5,000 commercial vehicles per year. (Positive)

Tinna Rubber and Infrastructure: Registers 19 acres in Andhra Pradesh for planned ₹250 crore integrated recycling complex. (Positive)

Kabra Extrusion Technik: Q2 FY27 revenue jumps 64.2% YoY to ₹221 crore; PAT turns positive to ₹3.9 crore. (Positive)

Prestige Estates Projects: Closes first tranche of hospitality partnership with CPPIB, receiving ₹950 crore for 10% secondary stake. (Positive)

Tech Mahindra: Q2 PAT rises 32.7% YoY to ₹1,585.6 crore; declares 1:1 bonus issue and ₹15 interim dividend. (Positive)

Swan Defence and Heavy Industries: Discloses firm order book of ~₹6,500 crore against TTM revenue of ₹312 crore. (Positive)

Karur Vysya Bank: Q2 FY27 net profit climbs 37.3% YoY to ₹788 crore, with Gross NPA improving to 0.69%. (Positive)

Polycab India: Q2 PAT jumps 43% YoY to ₹990 crore on 53% surge in revenue to ₹9,899 crore. (Positive)

Sri Lotus Developers: Q2 pre-sales jump 83% YoY to ₹470 crore; plans H2 launches worth up to ₹4,000 crore. (Positive)

Agastya Energy and Infrastructure: Wins ₹106.04 crore EPC contract for 47.8 MW solar capacity across 15 sites. (Positive)

HEG Advanced Materials: GST authorities drop tax demand and penalty proceedings totaling ₹282.34 crore for FY 2020-21. (Positive)

L&T Finance: Q2 PAT rises 33% YoY to ₹975 crore; total loan book expands 28% to ₹1,36,635 crore. (Positive)

SBC Exports: Q2 FY27 consolidated revenue rises 94% YoY to ₹164.33 crore; standalone PAT up 41% to ₹10.80 crore. (Positive)

Mangalam Worldwide: Q2 PAT grows 30.9% YoY to ₹13.82 crore as exports surge 355% to ₹63.86 crore. (Positive)

Mankind Pharma: To acquire 70% majority stake in Belgium-based Armed Cell Therapeutics for €48 million. (Positive)

Waterways Leisure Tourism: Takes delivery of 'Cordelia Sky' cruise vessel, boosting fleet passenger capacity by ~126%. (Positive)

Maruti Suzuki India: ITAT grants favorable tax relief of approximately ₹13,000 crore across eight assessment years. (Positive)

Premier Energies: Signs definitive JV agreement with Germany's RCT Group for a 12 GWh battery storage facility. (Positive)

Jio Financial Services: NBFC gross AUM jumps 154% YoY to ₹37,320 crore; total income rises 132% to ₹1,699 crore. (Positive)

Jindal Steel: Subsidiary commissions Phase-I 12.5 MTPA capacity at Paradip Port under BOT concession. (Positive)

Sterling and Wilson Renewable Energy: H1 FY27 PAT turns positive to ₹70 crore; unexecuted order book reaches ₹12,480 crore. (Positive)

Angel One: Q2 FY27 PAT surges 58.2% YoY to ₹335 crore on 18.9% growth in gross revenues. (Positive)

Gujarat Inject Kerala: Wins solar module purchase order worth ₹6.25 crore from Deon Energy. (Positive)

Cyient DLM: Q2 FY27 revenue grows 26.5% YoY to ₹393.1 crore; order book reaches record ₹2,813.7 crore. (Positive)

Enviro Infra Engineers: Subsidiary receives ₹228 crore LOI for turnkey EPC of 100 MW wind project in Maharashtra. (Positive)

IIFL Finance: Q2 PAT jumps 93% YoY to ₹805 crore; consolidated AUM rises 38% to ₹1,24,268 crore. (Positive)

HDFC Life Insurance: H1 FY27 PAT rises 13% YoY to ₹1,119 crore; VNB grows 12.1% to ₹2,037 crore. (Positive)

Accent Microcell: H1 FY27 PAT surges 72.2% YoY to ₹31.12 crore, with revenue rising 25.4% to ₹174.83 crore. (Positive)

South Indian Bank: Q2 FY27 PAT climbs 21.4% YoY to ₹426 crore; Gross NPA drops to 1.24%. (Positive)

Virtuoso Optoelectronics: Allots equity shares worth ₹85 crore via preferential issue at ₹503 per share. (Positive)

UCO Bank: Q2 FY27 net profit rises 26.8% YoY to ₹786 crore; Gross NPA declines to 1.96%. (Positive)

Orient Electric: Q2 FY27 PAT surges 124.4% YoY to ₹27.1 crore, with revenue expanding 25.2% to ₹879.3 crore. (Positive)

Tips Music: Q2 FY27 revenue increases 35% YoY to ₹120.1 crore; declares interim dividend of ₹6.5 per share. (Positive)

Indian Bank: Q2 standalone net profit rises 14.7% YoY to ₹3,462 crore; Gross NPA improves to 1.61%. (Positive)

Tata Communications: Q2 consolidated PAT surges 83% YoY to ₹335.61 crore on revenue of ₹6,687.89 crore. (Positive)

Tembo Global Industries: Lists on BSE Main Board and outlines €50 million European defence ammunition collaboration. (Positive)

Vraj Iron and Steel: Receives Terms of Reference from MoEF&CC for greenfield integrated steel plant in Raipur. (Positive)

Fedbank Financial Services: Q2 PAT jumps 63.1% YoY to ₹130.8 crore; AUM expands 36.6% to ₹22,035 crore. (Positive)

Nestle India: Q2 FY27 PAT rises 36.3% YoY to ₹1,026.8 crore as sales climb 20.5% to ₹6,782.2 crore. (Positive)

Datamatics Global Services: Appoints Dr. Rajesh Gharpure as Chief Operating Officer effective October 15, 2026. (Positive)

AXISCADES Technologies: Subsidiary to acquire US-based ITSJ Group assets for up to $7 million (₹67 crore). (Positive)

Prime Focus: Multiples PE to invest in Brahma AI units via CCPS, resulting in cessation of control. (Neutral)

Go Digit General Insurance: Promoter Fairfax wins IDBI Bank bid for ₹52,878 crore; plans to fold Go Digit into IDBI. (Neutral)

Encompass Design India: Signs non-binding term sheet to acquire innerwear brand 'Bummer' operator for ₹4.65 crore. (Neutral)

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