Stories
Stocks To Watch: RIL, IDBI Bank, Tata Tech And More In Focus
- •HDB Financial Services reported a 34 percent year-on-year rise in net profit to ₹780 crore for Q2FY27 and declared an interim dividend of ₹2 per share.
- •CCEA cleared the strategic restructuring of IDBI Bank, with Fairfax Financials chosen as the qualified bidder for the stake sale at ₹81 per share.
- •Fairfax will either merge CSB Bank with IDBI Bank within two years or exit its CSB Bank holding to comply with RBI norms.
- •Reliance Industries filed the RHP for the Jio Platforms IPO, which will open for subscription from October 21 to October 23, 2026.
- •Tata Technologies posted a 5 percent YoY decline in Q2 consolidated net profit to ₹171.4 crore, though constant-currency dollar revenue grew 22 percent.
- •Aeroflex Industries plans to invest ₹202 crore by March 2028 to expand manufacturing capacity for industrial applications.
- •Bajaj Consumer Care reported a 67.1 percent YoY surge in net profit to ₹70.2 crore for the September quarter.
Key Questions Answered
HDB Financial Services reported a 34 percent year-on-year rise in net profit to 780 crore rupees for Q2FY27, up from 581 crore rupees in the same quarter last year. Its net interest income also grew by 15.5 percent year-on-year to reach 2,534 crore rupees.
The initial public offering for Reliance Industries subsidiary Jio Platforms will open for subscription on Wednesday, October 21, and will close on Friday, October 23, 2026. The anchor investor bidding is scheduled for Monday, October 19, 2026.
The CCEA cleared a strategic restructuring of IDBI Bank valued at 52,878 crore rupees, with Fairfax Financials chosen as the qualified bidder after submitting an accepted bid of 81 rupees per share. Under the framework, the government and LIC will retain a 34 percent stake, and Fairfax will either exit its holding in CSB Bank or pursue a merger with IDBI Bank within two years.
