With rotational buying seen across sectors, analysts expect the prevailing uptrend to continue, with the Nifty eyeing a fresh record high. “Immediate support is placed at 25,800. While improving market breadth adds to the positive undertone, we continue to advise a selective approach, favoring fundamentally strong companies,” said Ajit Mishra – SVP, Research, Religare Broking.
In today’s trade, shares of ITC, Swiggy, L&T, Hero MotoCorp, Varun Beverages, Dr Reddy’s among others will be in focus due to various news developments.
PB Fintech, the parent of Policybazaar and Paisabazaar, delivered a strong performance in the September quarter (Q2 FY26), with profits and operating metrics showing sharp improvement on the back of solid insurance premium growth and improving operational efficiency. The company’s consolidated profit after tax jumped 165% year-on-year to Rs 135 crore, as margins expanded meaningfully. This marked one of its best quarters since listing in November 2021.
L&T
Engineering and construction major Larsen and Toubro (L&T) reported 16% YoY growth in its consolidated net profit at Rs 3,926 crore in the second quarter on top of 10% jump in its revenues at Rs 67,984 crore. EBITDA for the quarter improved 7% YoY to Rs 6,806 crore, while margins declined slightly to 10%Hero MotoCorp
Two-wheeler major Hero MotoCorp has entered France in partnership with GD France and launched its Euro 5+ range led by Hunk 440 model. This marks the company’s 52nd international market, and after the recent foray into Italy, Spain and the UK, the company has deepened its European presence, Hero MotoCorp said in a statement.Varun Beverages
Varun Beverages Ltd (VBL), a key bottling partner of PepsiCo, on Wednesday announced a major expansion plan that includes entering the alcoholic beverage segment in Africa and establishing new operations in Kenya. The unit will handle the manufacturing, distribution, and sale of beverages in the region.
M&M
Mahindra & Mahindra and Samsung have collaborated to develop digital keys for electric SUVs, integrated with Samsung Wallet, thereby eliminating the need for physical keys, a senior official of the Korean electronics giant said on Wednesday.
SAIL
Steel major SAIL reported 53% decline in its net profit at Rs 419 crore in the September quarter. Revenue from operations stood at Rs 26,704 crore, up 8% YoY.
Dr Reddy’s
Dr Reddy’s received a notice of non-compliance (NON) from Canada pharma directorate regarding its abbreviated new drug submission (ANDS) for Semaglutide Injection. The NON outlines requests for additional information and clarifications on specific aspects of the submission. The company said it will submit a response at the earliest and well within the stipulated time period.
BHEL
State-owned Bharat Heavy Electricals Ltd (BHEL) said its consolidated net profit more than tripled to Rs 374.89 crore in the September quarter compared to a year ago, mainly on the back of higher revenues. The company had a consolidated net profit of Rs 106.15 crore in the quarter ended on September 30.
ITC, NTPC, Adani Power, Swiggy, Hyundai Motor
Shares of ITC, NTPC, Adani Power, Swiggy and Hyundai Motor will be in focus as the companies will announce their second quarter results today.