Key Stock Updates: Infosys, eMudhra, HPCL, Havells, Sun Pharma & More

Domestic equity markets are set for a positive opening as indicated by the GIFT Nifty, which was trading at 22,820, up by 111 points or 0.49 percent as of early Friday morning. This follows a decline in key indices on Thursday, when the BSE Sensex dropped 460.30 points to close at 73,249.39 and the NSE Nifty slipped 123.70 points to 22,687.65.

Asian markets opened lower amid a selloff in technology stocks, reflecting Wall Street’s tech sector downturn overnight. Japan’s Nikkei 225 fell by 1.93 percent while South Korea’s Kospi dropped 2.64 percent. Australia’s ASX 200 also saw a modest decline of 0.36 percent.

In commodities, crude oil prices climbed due to supply concerns triggered by Houthi attacks on Saudi Arabia, a leading oil exporter. Brent crude rose 0.71 percent to $114 per barrel, and WTI crude gained 0.84 percent, reaching $100.3.

Corporate Earnings and Updates

eMudhra announced it will voluntarily exit the global SSL/TLS certificate business after identifying vulnerabilities in its digital certificates. This move aims to protect users and maintain security standards.

Hindustan Petroleum Corporation Limited (HPCL) reported a 9 percent drop in net profit for Q2 FY27, amounting to ₹3,483 crore. The reduction is attributed to increased tax expenses and a sharp rise in crude oil prices, which squeezed the company’s profit margins. Brent crude prices surged nearly 40 percent year-over-year in the quarter.

Adani Energy Solutions showed strong results with net profit more than doubling to ₹1,364 crore in Q2 FY27. Its total income rose 51 percent to ₹10,239 crore, reflecting robust growth in the energy sector.

Sapphire Foods narrowed its consolidated net loss to ₹1.5 crore in the quarter ended September, while revenue climbed 19.6 percent to ₹888 crore, indicating improved operational performance.

Havells India, a major player in consumer electrical goods, posted a 9.72 percent increase in consolidated net profit to ₹349.22 crore for Q2 FY27. Revenue grew significantly by 34.57 percent to ₹6,432 crore.

Sun Pharma accepted bids worth ₹7,816 crore for two bond tranches maturing in just over five years. The company will pay annual coupon rates of 8.05 percent and 8.20 percent on these tranches, respectively, emphasizing its active debt management strategy.

Jammu and Kashmir Bank reported a 10.6 percent rise in net profit to ₹546.36 crore for Q2 FY27. Net interest income increased by 5 percent to ₹1,502 crore, reflecting steady banking operations.

Mahindra Lifespace Developers experienced a 65.9 percent year-over-year drop in consolidated net profit, down to ₹16.34 crore, despite an 84.6 percent jump in operating revenue to ₹32.42 crore.

Mahindra Holidays plans to expand by adding 1,000 resort keys within six months. Despite higher costs and project delays, 70 percent of the capital expenditure will target new resorts.

Jindal Stainless (JSL) recorded an 11 percent increase in profit after tax to ₹898 crore for Q2 FY27. Revenue rose 18 percent to ₹12,874 crore compared to the previous year.

Colgate Palmolive India saw net profit rise 4.3 percent to ₹341.6 crore in the quarter. The company declared a first interim dividend of ₹24 per share, with November 2 set as the record date.

Swiggy reported a 15.6 percent year-over-year reduction in net loss to ₹922 crore during Q2 FY27. Meanwhile, revenue from operations increased 36 percent to ₹7,571 crore, indicating growth in its food and grocery delivery business.

Indian Bank increased interest rates on its special term deposit schemes by 15 basis points, effective from October 23.

Adani Total Gas posted a 3 percent rise in standalone net profit to ₹167 crore for the quarter ending September. Revenue from operations grew 34 percent to ₹2,102 crore.

Bansal Wire Industries reported a 38 percent rise in consolidated net profit to ₹52.9 crore for Q2 FY27. Revenue increased 23.9 percent to ₹1,308.1 crore.

Nuvoco Vistas Corp, part of the Nirma Group, saw consolidated profit jump 77.84 percent to ₹64.79 crore. Its revenue from operations rose 13.52 percent to ₹2,789.97 crore in the quarter.

BlueStone Jewellery and Lifestyle recorded a consolidated net loss of ₹4.37 crore for the quarter, though total income increased to ₹769.4 crore.

Orient Cement, an Adani Group company, posted a 34.7 percent year-over-year decline in net profit to ₹32 crore for Q2 FY27, with revenue falling 12.13 percent to ₹565 crore.

Rallis India, part of the Tata Group, reported a 17.47 percent decrease in net profit to ₹85 crore. Revenue remained steady at ₹858 crore for the quarter.

Hatsun Agro Product reported a 5.61 percent rise in net profit to ₹115.69 crore during Q2 FY27. Total income climbed 19.35 percent to ₹2,902.49 crore.

Adani Ports has set up a wholly owned subsidiary named Indian Ocean Gateway Terminal in Oman, expanding its international footprint.

Nippon Life India Asset Management saw a 6 percent decline in profit after tax to ₹324.4 crore in Q2 FY27, while revenue increased 21 percent to ₹796 crore.

Tech Mahindra announced a partnership with AI coding platform SpaceXSI. This collaboration aims to help global companies modernize legacy applications, speed up software delivery, improve developer productivity, and integrate AI-driven engineering across software development cycles.

This series of earnings reports and strategic moves reflect ongoing shifts in various sectors, from energy and banking to technology and consumer goods. Investors and market participants will be watching how these developments influence broader market trends in the coming months.