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Stocks To Watch: Tech Mahindra, Axis Bank, Ola Electric, Vedanta, ICICI Lombard, And Others
Stocks To Watch: Tech Mahindra, Axis Bank, Ola Electric, Vedanta, ICICI Lombard, And Others
Stocks to Watch on October 15: Indian markets ended marginally lower on Tuesday as renewed trade-related concerns overshadowed otherwise positive domestic cues. Technically, analysts said the Nifty is nearing its first key support at the 20-day exponential moving average (DEMA) around 25,050, with resilience in banking majors keeping hopes of a recovery alive.
“Amid the volatility, we continue to maintain a tactical buy-on-dips approach, focusing on stocks showing relative strength or limited decline for long trade opportunities," said Ajit Mishra, SVP – Research, Religare Broking.
In Wednesday's trade, shares of Tech Mahindra, Axis Bank, Ola Electric, ICICI Lombard, Vedanta, among others, will be in focus amid quarterly earnings announcements and key developments.
Axis Bank, IRFC, Tata Communications, HDFC Life
Shares of Axis Bank, IRFC, Tata Communications, and HDFC Life will remain in focus as the companies are set to declare their Q2 results.
Tech Mahindra
Net profit declined 4.4% to Rs 1,194.5 crore from Rs 1,250.1 crore, while revenue rose 5.1% to Rs 13,994.9 crore from Rs 13,313.2 crore.
Ola Electric
Ola Electric is preparing to enter the energy storage market, which is projected to exceed USD 30 billion by 2030, according to a PTI report.
ICICI Lombard
ICICI Lombard General Insurance reported a Q2 FY26 net profit of Rs 819.5 crore, up 18.1% year-on-year. Total income increased 12.5% to Rs 6,582.7 crore, and the board declared an interim dividend of Rs 6.5 per share.
Mishra Dhatu Nigam (MIDHANI)
MIDHANI secured a fresh order worth Rs 306 crore, raising its total open order book to around Rs 2,212 crore.
Maruti Suzuki
Maruti Suzuki India signed an MoA with the Tamil Nadu government to automate driving test tracks across the state.
Sula Vineyards
The company posted Q2 FY26 revenue of Rs 139.7 crore, slightly lower than Rs 141.2 crore recorded a year earlier.
Vedanta
The Competition Commission of India (CCI) has granted in-principle approval for Vedanta to acquire debt-laden Jaiprakash Associates, subject to the outcome of the ongoing insolvency process.
Keystone Realtors
Promoters Boman Irani, Chandresh Mehta, and Percy Chowdhry plan to sell up to a 3.63% stake (4.58 million shares) in Keystone Realtors Ltd via an Offer for Sale (OFS) valued at up to Rs 251.7 crore.
Hyundai Motor India
The board approved a succession plan under which Managing Director Unsoo Kim will step down and return to South Korea to take on a strategic role at Hyundai Motor Company, effective December 31, 2025.
Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.
Source: News18
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