Stock market live updates, Oct 7: Bharat Electronics to announce Q2 FY26 results on October 31

Paytm launched the AI Soundbox, India’s first AI-powered device for small and medium businesses, at the Global Fintech Festival 2025. The device helps merchants manage operations efficiently with an AI assistant in 11 local languages, providing real-time business insights.

RMC Switchgears reports 110% YoY growth in H1 FY26 sales driven by Solar EPC segment

Bondada Engineering’s subsidiary, Bondada Green Engineering, has received work orders worth Rs 13.74 crore from domestic companies for solar projects. The orders include supply of MMS HDG, 400KV & 200KV equipment and MMS column post HDG as per MAHAGENCO specifications, to be executed within 2–3 weeks. This strengthens the company’s order book and reinforces its role in India’s renewable energy sector.

CreditAccess Grameen posted strong growth in Q2 FY26, with disbursements up 33% YoY and 2.2 lakh new borrowers added. In H1 FY26, disbursements grew 27% YoY, supported by 150 new branches. GLP reached ₹25,904 Cr, with PAR remaining stable despite heavy rains and floods. The employee base rose to 21,701 in September 2025.

Shyam Metalics and Energy Limited announced its consolidated sales for September 2025, highlighting strong performance across steel, aluminum, and specialty alloys. CR Coil/Sheets sales reached 13,506 MT, with realizations at ₹73,826/MT, supported by the fully operational Jamuria color-coated plant. Aluminum foil sales rose 36.8% MoM to 5,056 MT, while Specialty Alloys and Stainless Steel showed healthy growth in realizations. Pellet and Pig Iron volumes saw moderate declines, but overall quarterly performance improved, driven by enhanced production efficiency and premium product offerings.

Quality Power Electrical Equipments Limited has acquired 50% stake (9,04,758 shares) in Sukrut Electric Company Private Limited for 5 Lac Euros (≈ Rs 5.22 Cr). The acquisition, aligned with Quality Power’s core electrical equipment business, is expected to be completed in 3 months. Sukrut Electric specializes in electronic equipment, panels, spares, and accessories and reported a FY25 turnover of Rs 25.56 Cr (provisional).

DEE Development Engineers (DEEDEV) reported fresh order inflows of ₹63.17 crore in September 2025, with executed projects worth ₹89.17 crore, taking its closing order book to ₹1,308.09 crore. For FY25 so far, cumulative inflows stand at ₹598.04 crore and executed orders at ₹518.11 crore. Segment highlights include piping (₹351.24 crore), oil & gas (₹887.15 crore), Thailand operations (₹28.02 crore), and heavy fabrication (₹19.55 crore). In biomass power, the company secured a 10-year PPA extension and a stay on previous tariff cuts, maintaining current rates at ₹7.47/unit.

DEE Development Engineers (DEEDEV) reported fresh order inflows of ₹63.17 crore in September 2025, with executed projects worth ₹89.17 crore, taking its closing order book to ₹1,308.09 crore. For FY25 so far, cumulative inflows stand at ₹598.04 crore and executed orders at ₹518.11 crore. Segment highlights include piping (₹351.24 crore), oil & gas (₹887.15 crore), Thailand operations (₹28.02 crore), and heavy fabrication (₹19.55 crore). In biomass power, the company secured a 10-year PPA extension and a stay on previous tariff cuts, maintaining current rates at ₹7.47/unit.

Eraaya Lifespaces’ subsidiary, Ebix Latin America, has onboarded CNP Seguradora, Icatu Seguros, and Aruana Seguradora onto its Digital New Business Platform, boosting digital transformation in Brazil’s insurance sector. The platform streamlines operations, enhances customer experience, and supports scalable, secure, and innovative insurance solutions.

Praj Industries is supplying advanced low-carbon technology for Aemetis’ $30M energy upgrade at its Keyes, California ethanol plant. The project, featuring a Mechanical Vapor Recompression system, aims to cut natural gas use by 80%, boost LCFS credits, and generate $32M in annual energy savings, supporting Aemetis’ decarbonization strategy.

Shaily Engineering Plastics led the rally, soaring 9.61% to ₹2,368.40.

DOMS Industries climbed 6.35% to ₹2,643.80, supported by sustained investor demand.

GMM Pfaudler gained 5.34% to ₹1,075.10, hitting its weekly high.

RHI Magnesita India advanced 4.37% to ₹459.30, continuing its positive streak.

Cyient DLM rose 5.47% to ₹452.20, driven by volume activity and steady buying interest.

Broader sentiment remained upbeat, with select manufacturing and engineering names outperforming the benchmark indices.

Several small-cap and SME companies are set to release their quarterly results today, October 7, 2025. The list includes Deep Diamond India Ltd, Harmony Capital Services Ltd, AJR Infra & Tolling Ltd, Prabhat Technologies (India) Ltd, Shringar House of Mangalsutra Ltd, and Dev Accelerator Ltd.

Shares of Hindustan Petroleum Corporation Ltd (HPCL) surged to a new record high during Tuesday’s session, extending their recent upward momentum. The rally comes amid strong refining margins, improved quarterly outlook, and sustained investor optimism in the oil and gas sector.

Shares of Moschip Technologies Ltd surged 5.49% to ₹279.81, hitting a new 52-week high of ₹279.64 on the NSE. The stock opened strong at ₹265 and gained momentum through the session, making it one of the top gainers in the mid-cap tech space today.

Shares of major agri and fertilizer companies saw mixed movement in early trade on Tuesday. UPL gained 0.34% to ₹683.70, while Bayer CropScience rose 0.15% to ₹5,005.00. Fertilisers and Chemicals Travancore was marginally up 0.12% at ₹900.05.

On the downside, Coromandel International fell 1.41% to ₹2,317.40, Sumitomo Chemical declined 0.71% to ₹537.75, and Chambal Fertilisers slipped 0.53% to ₹514.20. PI Industries also traded slightly lower by 0.18% at ₹3,623.70.

Shares of Vishal Mega Mart Ltd. were down 0.19% at ₹150.35, showing range-bound movement after last week’s gains in the retail space.

NTPC Ltd. inched up 0.29% to ₹340.10, extending its positive momentum driven by steady power demand and favourable sector outlook.

Hyundai Motor India Ltd. fell 0.41% to ₹2,470.70 amid muted auto sector sentiment, with traders awaiting festive season demand cues.

Shares of Waaree Energies Ltd. slipped 0.52% to ₹3,423.60 in morning trade, pausing after a strong rally last week as investors booked minor profits.

The IPO of LG Electronics India saw a subscription of 39% on the first day of bidding. The issue, which opened today, will remain open until October 9. The price band is fixed at ₹1,080–₹1,140 per share. Investors are closely watching the response from institutional buyers and retail participants over the next two sessions as market sentiment stays upbeat with Nifty above 25,000.

Shares of Glottis Limited made a weak debut on the NSE, listing at ₹84 per share, a sharp 34.9% discount to the issue price of ₹129. The stock opened, hit a high, and low — all at ₹84 — with heavy volumes of nearly 45 lakh shares traded on listing day, indicating strong selling pressure post-listing.

Indian equities trade higher in the morning session with Nifty at 25,127.55 (+0.20%) and Sensex at 81,965.04 (+0.21%), supported by gains in energy and FMCG shares. MRPL, Doms Industries, and Mahanagar Gas led the gainers, while Tata Investment Corp and KIOCL saw mild profit booking.

Shares of Tata Investment Corporation Ltd fell 2.9% to ₹9,653 after opening at ₹10,100 and hitting a high of ₹10,146. The decline comes on the back of profit booking following a strong rally in recent sessions.

Shares of KIOCL Limited declined 7.3% to ₹581.90 after opening at ₹625 and hitting an intraday high of ₹630. The fall is attributed to profit booking after the recent strong rally in the stock.

Shares of Mangalore Refinery and Petrochemicals Ltd (MRPL) gained 4.2% to ₹153.80 after opening at ₹148. The stock hit an intraday high of ₹153.80 amid strong buying interest in the oil and energy space.

Shares of Doms Industries surged 4.4% to ₹2,596.30 after opening at ₹2,485. The stock hit an intraday high of ₹2,626.10, supported by strong investor interest and higher trading volumes.

Shares of KRN Heat Exchange & Refrigeration Ltd jumped 6.9% to ₹884 after the company announced the acquisition of the bus air-conditioning division of Sphere Refrigeration Systems. The deal is expected to strengthen KRN’s position in the automotive cooling segment. The stock opened at ₹848.70 and hit an intraday high of ₹888.75.

Mahanagar Gas shares gained 3.4% to ₹1,327 after the company signed an agreement with Oil India to explore opportunities in the liquefied natural gas (LNG) value chain. The stock opened at ₹1,284.40 and hit an intraday high of ₹1,328.

Metropolis Healthcare shares gained 3% to ₹2,135 after the company reported a 23% year-on-year revenue growth in Q2FY26. The stock opened at ₹2,094.80 and hit an intraday high of ₹2,160, supported by healthy operational momentum and improving diagnostics demand.

Trent shares opened at ₹4,695 and dropped over 3% to ₹4,630 after reporting a notable miss in Q2 performance. Standalone revenue grew 17% year-on-year, below Morgan Stanley’s estimate of 25% growth. The company’s Westside format added 13 stores, marking its highest expansion in five years, but slower topline growth led brokerages to adopt a cautious stance.

Indian markets opened on a positive note in early trade. The Sensex was up 92 points at 81,828.51, while the Nifty gained 7.65 points to 25,085.30 in pre-market trade.

Snowman Logistics has begun building a new Built-to-Suit temperature-controlled warehouse in Pune, developed by Whitecastle Infra. The facility will add 5,900 pallets to its existing 16,000-pallet capacity and is expected to be operational by June 2026.

Prestige Estates Projects’ subsidiary, Prestige Mulund Realty, has received a GST show-cause notice worth ₹153.6 crore from the Directorate General of GST Intelligence (DGGI), Mumbai.

Satin Finserv has raised ₹60 crore through a non-convertible debenture (NCD) issuance to strengthen its MSME lending and green finance portfolio.

Biocon Pharma, a wholly owned subsidiary of Biocon Ltd, received tentative USFDA approval for Rifaximin Tablets 550 mg, developed in partnership with Carnegie Pharmaceuticals. The drug treats hepatic encephalopathy and irritable bowel syndrome with diarrhea (IBS-D) in adults.

Investec maintained its sell call on IndiGo with a target price of ₹4,050 per share.

Equirus downgraded Trent to a reduce call and cut its target price to ₹4,474 per share.

Goldman Sachs retained its neutral call on BSE with a target price of ₹2,220 per share.

Kotak Institutional Equities kept its neutral call on LTIMindtree with a target price of ₹5,000 per share.

Macquarie reiterated its underperform call on Jubilant FoodWorks with a target price of ₹530 per share.

Morgan Stanley maintained its underweight call on Bank of India with a target price of ₹110 per share.

The brokerage retained its overweight call on Jubilant FoodWorks with a target price of ₹775 per share.

Goldman Sachs kept a neutral call on Jubilant FoodWorks with a target price of ₹650 per share.

Macquarie remains long on HDFC Bank, ICICI Bank, PFC, REC, and AB Capital while short on IndusInd Bank, M&M Finance, and SBI Cards.

Morgan Stanley kept its overweight call on Trent but cut the target price to ₹5,892 per share.

Antique retained its buy call on Trent with a target price of ₹7,031 per share.

Jefferies expects India’s pharma sector to deliver 6–8% incremental growth over the next seven years.

Citi reiterated its buy call on Star Health with a target price of ₹530 per share.

Nuvama kept a buy call on EMart with a target price of ₹164 per share.

Motilal Oswal maintained its buy call on Endurance with a target price of ₹3,311 per share.

Citi reaffirmed its buy call on InterGlobe Aviation (IndiGo) with a target price of ₹7,100 per share.

The brokerage retained its buy call on HDFC Bank with a target price of ₹1,175 per share.

BofA Securities raised its target price on ICICI Bank to ₹1,850 per share from ₹1,750 while maintaining a buy call.

Britannia appointed Rajesh Kumar Batra as a non-executive independent director.

Adani’s new Mumbai airport will see its first commercial operations soon.

The board approved entering an exclusive term sheet with Cosmea Investment Holdco Private Limited to acquire 100% shareholding.

Wipro will announce its Q2 results on October 16, 2025.

Landmark Cars acquired the remaining 17% equity shares of Landmark Cars (East) Private Limited.

SPML Infra’s long-term loan of ₹408 crore has been rated [ICRA] BBB-(Stable).

Subex invested ₹35.36 crore in its Middle East subsidiary to support growth.

The company rolled out refreshed editions of its Bolero and Bolero Neo models for the Indian market.

The company reported net mobile subscriber losses of 3,08,984 in August.

Bharti Airtel reported net mobile subscriber additions of 4,96,087 in August.

The company fixed October 10, 2025, as the record date for determining shareholders eligible for the rights issue.

Havells International Inc will acquire Salesmark Ventures LLC’s 20% stake in Havells HVAC LLC.

Expo Engineering received a ₹5.61 crore work order from Bharat Petroleum Corporation Ltd., Vadinar.

The company incorporated a wholly owned subsidiary in the United Kingdom.

Aster DM received a no-objection letter with no adverse observations from BSE and NSE.

The company secured a $1.78 million government order from Turkmenistan.

NIBE received purchase orders worth ₹20.57 crore from a leading Indian infrastructure and defence company.

Coal India and CMDC joined hands to explore critical minerals.

Canara Robeco set the IPO price band at ₹253–₹266, targeting a $598 million valuation.

Oil India signed an agreement with Mahanagar Gas to explore opportunities in the LNG value chain.

PNC Infratech received the appointed date from NHAI for two of its projects.

Fabtech received a ₹68 crore cleanroom order and expanded its presence in the energy sector.

The company’s order book stood at ₹3,086 crore as of June 30, 2025, ensuring medium-term visibility.

Emcure Pharma acquired a 20.4% stake in Zuventus Healthcare for ₹724.9 crore.

The company’s joint venture received a Letter of Acceptance for a 100 MW grid-connected ground-mounted solar PV project.

LTIMindtree secured a multi-year strategic deal with a global entertainment leader.

Kranti Industries announced a joint venture with Kores Group to establish a precision machining facility in Halol, Gujarat.

The company reported 23% year-on-year revenue growth in Q2FY26.

HCL Tech joined the MIT Media Lab in the US to collaborate on next-generation AI research.

The company acquired the bus air-conditioning division of Sphere Refrigeration Systems.

The bank’s global business rose 12% year-on-year to ₹15.62 lakh crore in Q2.

ISGEC expanded its green energy portfolio with a 26% stake in a solar power project.

Astral commenced commercial production at its new Kanpur plant from October 6, strengthening its manufacturing footprint.

Zydus received Health Canada approval for Liothyronine tablets (5 mcg and 25 mcg).

Brigade Group signed a JDA for a premium 6.6-acre residential project in West Chennai with a GDV of ₹1,000 crore.

Reliance Jio added 19.5 lakh users in August, sharply higher than 4.83 lakh added in July.

RBL Bank is the only stock under the F&O trading ban for today, October 7, as per the National Stock Exchange (NSE). The ban is applied when the derivative contracts for a security cross 95% of the market-wide position limit (MWPL). Traders will be restricted from creating new positions in the F&O segment for RBL Bank until the ban is lifted.