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KEC International – KEC International has secured new orders worth Rs 1,174 crore for transmission and distribution projects in India and the Middle East. With these orders, its year-to-date (YTD) order intake now stands at Rs 14,000 crore.

HCL Tech Q2FY26 Highlights – HCL Tech reported in-line revenue with estimates, and net profit was below expectations in Q2FY26. For FY26E, it retained its full-year revenue growth guidance at 3-5% YoY in constant currency, and the operating margin is expected to be in the 17-18% range. Consolidated revenue grew by 5.3% QoQ and 10.7% YoY to Rs 31,942 crore. USD Revenue of $3,644M, up 2.8% QoQ & up 5.8% YoY. HCL Tech Services Constant Currency (CC) revenue was up 2.4% QoQ & up 4.6% YoY.

EBIT rose by 11.3% QoQ and grew by 2.6% YoY to Rs 5,502 crore, and EBIT margin increased by 90bps QoQ and slipped 230 bps YoY to 17.2%, in Q2FY26, supported by higher revenue growth and impacted 55bps by restructuring cost. Net profit was up 10.2% QoQ and it was almost flat on YoY to Rs 4,236 crore in Q2FY26. Net profit margin stood at 13.3% in Q2FY26 vs. 12.7% in Q1FY26 and 14.7% in Q2FY25.

Anand Rathi Wealth – The Company reported 31% YoY surge in net profit to Rs 100 crore for three months ended September 2025. Total revenue increased 23% to Rs 307 crore. Operating performance was strong, with EBITDA rising 32% to Rs 137.5 crore, while margins improved to 46.2% from 43% in Q2FY25. The firm has declared an interim dividend of Rs 6 per equity share.

ONGC – Oil and Natural Gas Corporation (ONGC) plans to launch its oil trading business in the next financial year in partnership with an international firm, targeting an annual profit of $1 billion.

Bharti Airtel – Airtel Payments Bank announced its partnership with Hitachi Payment Services, a leading end-to-end payments and commerce solutions provider, to accelerate digital payment adoption through the deployment of an end-to-end Soundbox solution across India.

OIL India – Oil India Limited (OIL) has inked a long-term firm Gas Sale and Purchase Agreement (GSPA) with North Eastern Electric Power Corporation Limited (NEEPCO) for the continued supply of 1.4 MMSCMD of Natural Gas to NEEPCO’s Assam Gas Based Power Station (AGBPS) at Bokuloni, Dibrugarh, for another 15 years. The new agreement, with a term of 15 years, succeeds the earlier 10-year arrangement between the two companies.

Tech Mahindra Q2FY26 Results Purview – Tech Mahindra is likely to report 2.9% QoQ and 3.2% YoY revenue growth to Rs 13,740 crore in Rupee terms. Net profit could rise by 11.4% QoQ and it could fall by 5.5% YoY to Rs 1,270 crore in Q2FY26. EBIT margin could increase by 40bps QoQ and 180 bps YoY to 11.5%. The management commentary on deals and deal pipeline, top client stability, traction in digital business, and telecom segment would be key monitorables.

Persistent System Q2FY26 Result Purview – Persistent could report 5.6% QoQ and 21.6% YoY growth in revenues to Rs 3,522 crore in rupee terms. In US$ terms, revenue could rise by 3.6% QoQ and 16.9% YoY to US$404 mn in Q2FY26. Net profit could rise by 3.5% QoQ and 35.4% YoY to Rs 440 crore in Q2FY26. EBIT margin could increase by 60bps QoQ and 210bps YoY to 16.1%.

Hero Motocorp – Hero MotoCorp officially announced its entry into the Italian market, marking its presence in 49 international markets. Hero is entering Italy with three flagship models — Xpulse 200 4V, Xpulse 200 4V Pro and Hunk 440.

Tata Steel – Tata Steel Ltd. Is currently involved in ongoing litigation regarding a demand of Rs. 1902.73 crore related to the Sukinda Chromite Block. The Honourable High Court of Orissa has extended interim protection against coercive actions until the next hearing scheduled for November 6,2025.

KEC – Company is a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs. 1,174 cr for Transmission & Distribution projects in India and the Middle East: ± 800 kV HVDC and 765 kV Transmission lines from a reputed private developer in India. 380 kV Transmission lines in Saudi Arabia.

Dredging Corp – Dredging Corporation of India (DCI) approved the appointment of Capt. S. Divakar, chief general manager (CGM), as managing director (MD) & CEO (additional charge), additional director, and key managerial personnel (KMP) of the company. This appointment will be effective from 16 October 2025, following the completion of the tenure of Durgesh Kumar Dubey, IRTS, whose term as managing director (MD) & CEO (additional charge) ends on 15 October 2025.

L&T – The Power Transmission & Distribution (PT&D) vertical of Larsen & Toubro has won grid infrastructure orders in the Middle East. The 400kV super grid interconnection linking the electricity networks of GCC member states has helped in efficient utilization of generation capacity and has improved the overall grid resilience. Currently, the network of the Sultanate of Oman is connected to this interconnection through the UAE’s grid at 220kV.

Waaree Energies – Waaree Energies Limited has entered into a Share Subscription cum Shareholder’s Agreement (SSSHA) with its wholly owned subsidiary, Waaree Energy Storage Solutions Private Limited and certain investors, whereby certain investors have agreed to subscribe 10.07% of shares of WESSPL. The proposed transaction is intended to facilitate capital infusion into WESSPL for its business expansion.

RBL Bank – Middle East banking powerhouse Emirates NBD has held advanced discussions to potentially acquire more than a 51% stake in listed domestic private sector lender RBL Bank, according to multiple industry sources.

Lodha Developers – The company has acquired approximately 8.37 acres of land in Bengaluru through the acquisition of a 100% stake in Chaitanya Bilva for Rs 499.61 crore. As a result, Chaitanya Bilva has become a wholly owned subsidiary of the company.

KFin Tech – KFin Technologies announced the completion of its $34.68 million investment in Ascent Fund Services (Singapore) Pte Ltd, acquiring a 51% controlling stake and becoming the sole promoter.

Anant Raj – The company announced the closure of its Qualified Institutions Placement (QIP) and raised Rs 1,100 crore by allotting 1.66 crore shares at Rs 662 per share.

JD Cables – The company has entered into an Agreement for Sale (without possession) with Star Battery for the purchase of land and building in Hooghly for Rs 10.45 crore. It has also placed orders for advanced machinery worth Rs 5.72 crore for its conductor division.

Highway Infrastructure – The company has received a Letter of Acceptance (LOA) for the operation of an eight-lane access-controlled expressway from Laban village in Bundi district to the interchange of fee plaza at Gopalpura village in Kota district, from the National Highways Authority of India (NHAI). The order size is Rs 25.26 crore.

Landmark Cars – Vehicle sales grew 35% year-on-year to Rs 1,403 crore, while sales from after-sales services, spare parts, and others up by 10% yearon-year to Rs 252 crore. Total revenue from operations rose by 30.5% year-on-year, reaching Rs 1,655 crore.

Source: HDFC Securities Prime Daily, 14 October 2025

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