Stocks to Watch Today, October 16: Shares of Mankind Pharma, IndiGo, Maruti Suzuki, Metro Brands, NTPC, Nestle India, Tech Mahindra and Wipro will be in focus on Friday following key corporate developments and September-quarter earnings.
Mankind Pharma will acquire a 70 per cent stake in Belgium-based Armed Cell Therapeutics for 48 million euros, while Maruti Suzuki received a favourable tax tribunal order with a positive impact of around Rs 13,000 crore. Nestle India’s Q2 net profit rose 35.81 per cent year-on-year, while Tech Mahindra reported a 32.74 per cent increase and recommended a 1:1 bonus issue. Wipro’s profit declined marginally.
Here’s the list of stocks to watch in today’s trading session:
| Stocks in focus | Why in focus |
| Mankind Pharma | To acquire 70% stake in Belgium-based ACTx for Rs 511 crore |
| InterGlobe Aviation (IndiGo) | Extends Saudi Arabia flight cancellations until October 24 |
| Maruti Suzuki | Gets Rs 13,000 crore tax relief following tribunal order |
| Metro Brands | Q2 net profit rises 12% to Rs 77.28 crore; revenue up 12.15% |
| NTPC | Partners with Africa50 to explore power generation projects across Africa |
| Emmvee Photovoltaic Power | Reports Rs 382 crore Q2 profit against year-ago loss |
| Indian Hotels Company (IHCL) | Signs 215-key Gateway hotel project in Lucknow |
| Nestle India | Q2 net profit jumps 36% to Rs 1,010 crore; revenue rises 20% |
| Tech Mahindra | Q2 net profit rises 33%; board recommends 1:1 bonus issue |
| Indian Railway Finance Corporation (IRFC) | Q2 net profit rises 10% to Rs 1,958 crore |
| Persistent Systems | Q2 net profit declines 25% to Rs 351.51 crore |
| Hero MotoCorp | Launches Safe School Zone initiative across Delhi and Jaipur |
| HDFC Asset Management Company (AMC) | Q2 net profit rises 4.2% to Rs 749 crore; revenue up 14% |
| Wipro | Q2 net profit slips to Rs 3,200.6 crore; IT services revenue remains flat |
| Zydus Lifesciences | JV to set up pharmaceutical manufacturing facility in Sri Lanka |
To acquire 70% stake in Belgium-based ACTx
Mankind Pharma will acquire a 70 per cent stake in Belgium-based Armed Cell Therapeutics (ACTx) for 48 million euros, approximately Rs 511 crore.
IndiGo
Extends Saudi Arabia flight cancellations until October 24
IndiGo has extended flight cancellations to Saudi Arabian cities until October 24 amid the evolving security situation and escalating hostilities in the Middle East.
Gets Rs 13,000 crore tax relief following tribunal order
Maruti Suzuki received a favourable Income Tax Appellate Tribunal order covering eight financial years, resulting in a positive tax impact of approximately Rs 13,000 crore.
Q2 net profit rises 12% to Rs 77 crore
Metro Brands reported a 12 per cent year-on-year increase in consolidated net profit to Rs 77.28 crore. Revenue from operations rose 12.15 per cent to Rs 730.27 crore.
NTPC
Partners with Africa50 to explore power projects across Africa
NTPC and Africa50 signed an agreement to identify and develop power generation projects and explore cross-border electricity trading opportunities across African countries.
Emmvee Photovoltaic Power
Reports Rs 382 crore Q2 profit against year-ago loss
Emmvee Photovoltaic Power reported a net profit of Rs 382.04 crore in Q2, compared with a net loss of Rs 237.86 crore in the corresponding quarter last year.
Signs 215-key Gateway hotel project in Lucknow
The Indian Hotels Company (IHCL) signed an agreement with Kripanidhi Hospitality to develop a 215-key Gateway hotel in Lucknow, Uttar Pradesh. The project will be developed on a greenfield basis.
Q2 profit jumps 36% to Rs 1,010 crore
Nestle India’s consolidated net profit rose 35.81 per cent year-on-year to Rs 1,009.61 crore in Q2 FY27. Revenue increased 20.45 per cent to Rs 6,782.17 crore, driven by robust double-digit volume growth.
Q2 profit rises 33%; board recommends 1:1 bonus issue
Tech Mahindra reported a 32.74 per cent year-on-year increase in consolidated net profit to Rs 1,585.6 crore in Q2 FY27. Its board recommended a 1:1 bonus share issue, its first in 11 years.
IRFC
Q2 net profit rises 10% to Rs 1,958 crore
Indian Railway Finance Corporation (IRFC) reported a 10 per cent increase in net profit to Rs 1,958 crore in Q2 FY27. Total income rose to Rs 7,924 crore, while net worth increased to Rs 60,573 crore.
Q2 net profit declines 25% to Rs 352 crore
Persistent Systems reported a 25.44 per cent year-on-year decline in consolidated net profit to Rs 351.51 crore for the July-September quarter of FY27.
Launches Safe School Zone initiative in Delhi and Jaipur
Hero MotoCorp and IRF-India Chapter launched Safe School Zone interventions across four schools, two each in Delhi and Jaipur, with corporate social responsibility (CSR) support from Hero MotoCorp.
Q2 profit rises 4.2% to Rs 749 crore
HDFC Asset Management Company’s consolidated net profit increased 4.2 per cent year-on-year to Rs 749 crore in Q2 FY27. Revenue from operations rose 14 per cent to Rs 1,170 crore.
Wipro
Q2 net profit slips as IT services revenue remains flat
Wipro’s Q2 net profit marginally declined to Rs 3,200.6 crore, primarily due to lower other income following a share buyback. IT services revenue remained flat sequentially at USD 2,611.5 million.
JV to set up pharmaceutical manufacturing facility in Sri Lanka
Zydus Sunshine Lifesciences, a joint venture between Zydus Lifesciences and Sunshine Healthcare, signed an agreement with Sri Lanka’s Board of Investment to establish a pharmaceutical manufacturing facility in the island nation.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)