Stories
Stocks to Watch Oct 1: HDFC Life, Tech Mahindra, LIC & 15 Others Set for Action
- •Fiscal deficit surged to –7.1 lakh crore during April-August.
- •NCC received two large orders worth –500 crore in September, boosting its order book.
- •HDFC Life to consider raising funds via NCDs on October 15; Tech Mahindra to consider bonus shares on the same date.
- •Blue Dart to increase domestic service prices by 9% to 12% starting January 2027.
- •IRFC received a show-cause notice from Bihar Tax Department for a –397 crore tax demand; Wipro extended Select Alpha Net acquisition deadline to Dec 31, 2026.
Key Questions Answered
Tech Mahindra announced that its board will consider a proposal to issue bonus shares during its meeting on October 15, 2026. Similarly, HDFC Life's board is scheduled to consider a proposal to raise funds through Non-Convertible Debentures on October 15, 2026. Both companies have significant updates driving attention to their shares.
Blue Dart shares are in focus because the company will increase its domestic service prices by 9% to 12% starting in January 2027. Meanwhile, IRFC received a show-cause notice from the Bihar Tax Department concerning a tax demand of 397 crore rupees, to which the company will file its response.
The government appointed Lavnya Mundayur as the Chairman and Managing Director of New India Assurance, representing a major management change. Additionally, Bata India appointed Sanjay S. Rao as its new Managing Director and CEO, with him assuming the responsibility starting October 1, 2026.
