Stock market live updates, October 9: Sensex up 210.02 points, Nifty at 25,133.15

STL, a leading digital network solutions provider, has signed an MoU with QNu Labs Pvt. Ltd. to strengthen research in Quantum Communication over Optical Fibre. QNu Labs, incubated at IIT Madras and backed by the National Quantum Mission, is India’s first quantum cybersecurity company developing solutions to secure digital infrastructure against quantum threats.

Under the partnership, QNu Labs successfully demonstrated its Quantum Key Distribution (QKD) system over STL’s 4-core Multi-Core Fibre (MCF), achieving secure key exchange across 170 km with 800 Gbps of data transmission and 150 km with 1.8 Tbps traffic.

Shares of Tata Elxsi Ltd jumps 1% ahead of the company’s Q2 FY26 financial results set to be announced later in the day.

Vascon Engineers has received a Rs 161.18 crore LOI from MSEB Holding Company for the redevelopment of the “Saudamini” Building in Mahalaxmi, Mumbai. The project, expected to be completed in 36 months, is a domestic order with no promoter interest involved and does not fall under related party transactions. This adds a significant project to Vascon’s Mumbai real estate portfolio.

GM Breweries shares jumped 14% to Rs 880 after strong Q2 FY26 results. Net profit rose 59% YoY to Rs 35 crore, revenue grew 22% to Rs 181 crore, and EBITDA surged 61% with margins expanding to 24.9%, driven by robust demand and operational efficiency.

Jio Financial Services to announce Q2 FY26 results on October 16, 2025, with an analyst presentation following the board meeting.

Goodluck Defence and Aerospace Limited, a material subsidiary of Goodluck India, has commenced commercial production from October 8, 2025, at its plant in Sikandrabad, Uttar Pradesh.

PB Fintech shares in focus today today following CNBC reports that insurers might partially or fully reverse recent commission cuts.

Power & Instrumentation (Gujarat) Ltd (PIGL) secures a Rs 68.22 crore order from Ajmer Discom under the RDSS scheme for 11 KV feeder segregation in Dungarpur, Rajasthan, to be completed in 15 months.

Larsen & Toubro (L&T) has won an ultra-mega order worth over ₹15,000 crore to set up a Natural Gas Liquids (NGL) plant and allied facilities in the Middle East. The project, in partnership with Greece-based CCC, will see L&T handle engineering and procurement, while CCC manages construction.

Hubtown’s subsidiary, Rare Townships, has received the Occupation Certificate for two towers — Manhattan Residency (A4) and Detroit Residency (A5) — in its Rising City project, Ghatkopar, Mumbai. The towers have achieved sales of 1.23 lakh sq ft, about 75% of the total area, marking a key milestone in the project.

Ashoka Buildcon shares jump over 3% after acquiring 44.57 lakh Class A CCDs at Rs 1,007.15 each and 1.15 crore Class B CCDs at Rs 10 each, totaling Rs 882.25 crore. The deal, part of a Securities Purchase Agreement with Macquarie SBI and SBI Macquarie Infrastructure Trust, allows full investor exit from Ashoka Concessions. ACL’s FY25 income was Rs 151.16 crore with a net worth of Rs 990.70 crore; NHAI has approved the transaction.

Swiggy shares rose over 2% after Citi raised its target price to ₹495 while maintaining a “Buy” rating, citing 64% YoY revenue growth, improved margins, lower cash burn, and quick commerce nearing breakeven within 1–3 quarters.

Senco Gold shares fell over 3% despite reporting a 6.5% revenue rise in Q2. In H1 FY26, total revenue grew 17.8%, with diamond jewellery up 12% and silver sales surging 54%. The company expects strong demand in Q3 due to festive and wedding seasons and forecasts 18-20% topline growth for the year.

Lupin shares surged over 3% after the company announced a $250 million investment to build a state-of-the-art pharmaceutical plant in Coral Springs, Florida. The 70,000 sq. ft. facility will produce over 25 critical respiratory medicines, including albuterol inhalers, and create 200+ skilled jobs by 2030.

G R Infraprojects shares jump 2% after winning a ₹290.23 crore Jharkhand road project for the 26.672 km Giridih Bypass on EPC mode, expected to complete in 24 months. The company will update exchanges on further developments.