Stories
Stocks to Watch for 16 October: Mankind Pharma, Wipro and 20 others in action
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CNBC Awaaz•15-10-2026, 23:38
Stocks to Watch for 16 October: Mankind Pharma, Wipro and 20 others in action
- •IT stocks including Tech Mahindra, Persistent Systems and Wipro will be in focus following their second-quarter earnings reports.
- •Maruti Suzuki received major relief from ITAT in an eight-year-old tax case, potentially impacting liability and taxes by thousands of crores.
- •Mankind Pharma announced plans to acquire a 70 percent stake in Belgium-based Armed Cell Therapeutics for ₹511.18 crore.
- •Angel One declared an interim dividend of ₹1.40 per share alongside a 44.7 percent quarter-on-quarter jump in net profit.
- •HEG secured a penalty notice withdrawal of ₹282.34 crore from the Bhopal GST authority for the 2020-21 financial year.
Key Questions Answered
Maruti Suzuki received relief from the Income Tax Appellate Tribunal (ITAT) in an eight-year-old case, which could result in a positive tax impact of about ₹13,000 crore including interest and reduce its liability by approximately ₹6,300 crore.
Mankind Pharma is set to purchase a 70% stake in Belgium-based biotech company Armed Cell Therapeutics for ₹511.18 crore as part of its business expansion strategy.
South Indian Bank appointed Anto George T as its Executive Vice President and Chief Business Officer, with the appointment taking effect on November 1, 2026.
