🇮🇳 India Daybook ~ Stocks in News — October 21, 2026

Positive Buzz

• Reliance Industries (RIL): Public bidding for the marquee $3.2 billion initial public offering of its telecom and digital services arm, Jio Platforms, opens today. The issue values the company at up to $108.3 billion, following an anchor round that attracted bids exceeding $25 billion from global and domestic institutions.
• Hindustan Zinc: The Vedanta group company delivered a strong performance for the September quarter, reporting a net profit surge of over 140% year-on-year to ₹6,412 crore. Total revenue jumped 77% YoY to a record ₹15,093 crore, supported by robust metal realizations and EBITDA margins reaching 62%.
• Infosys: The IT major expanded its strategic collaboration with Truist to establish a state-of-the-art Global Capability Centre (GCC) in Hyderabad, aimed at accelerating digital transformation and banking modernization.
• Ceigall India: The infrastructure company’s subsidiary, Jam Khambhaliya Jamnagar Power Transmission, executed a formal transmission service agreement with the Central Transmission Utility of India, expanding its operational power grid portfolio.

Neutral Developments

• Titan Company: The Tata Group consumer major confirmed the full redemption of commercial papers worth ₹1,000 crore upon maturity as part of its regular liquidity and liability management.
• NTPC: The state-run power major announced that the Government of India has appointed Diwakar Nath Misra as Government Nominee Director on its board with immediate effect.
• L&T Technology Services: The engineering services company inaugurated an advanced AI-native lab and reported strong quarterly profit growth; however, the counter remains under watchful eyes as analysts evaluate execution timelines amid recent valuation corrections.
• Shukra Pharma: The company submitted a revised chartered accountant certificate and compliance filings seeking National Stock Exchange (NSE) approval for its proposed rebranding to Shukra Medtech.

Negative News

• Bajaj Finance: Despite delivering a 28.7% YoY increase in consolidated net profit to ₹6,366.57 crore and net interest income growth of 24%, the stock faces near-term headwind due to a sequential uptick in non-performing assets (NPAs) and elevated credit costs in specific consumer segments.
• SML Mahindra: Shares are under pressure following a sharp 44% YoY drop in Q2 net profit. Adding to investor caution, the commercial vehicle maker announced the formal resignation of its Chief Financial Officer.
• Sobha: The real estate developer reported a 55% YoY drop in Q2 net profit, as rising construction expenses and project completion timings dented operational margins despite achieving record half-yearly pre-sales of ₹58.62 billion.

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