Stocks in news: Infosys, Kotak Mahindra Bank, YES Bank, Raymond, BPCL, Coforge and Senco Gold

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Indian equity markets extended their decline for a fourth consecutive session, with the Nifty falling 2.36% to close at 22,600. Persistent foreign investor selling, elevated crude oil prices and weakness in banking and cyclical stocks weighed on sentiment, while IT stocks showed relative resilience.

The Nifty needs to sustain a move above 22,800 to regain momentum and potentially recover towards 23,000–23,150. Failure to reclaim this level could expose the index to further weakness around 22,400–22,200, according to Hariselvan Radhakrishnan, Founder and CEO of HST Wealth.

Against this backdrop, several stocks including Infosys, Kotak Mahindra Bank, Yes Bank, Raymond, BPCL, Coforge, Senco Gold and other are likely to remain in focus on Monday, October 26, as investors track September-quarter earnings, credit rating updates, fundraising plans, regulatory developments and new business wins.

Infosys

Infosys reported a 6% year-on-year (YoY) increase in consolidated net profit to ₹7,823 crore for Q2 FY27, compared with ₹7,364 crore a year earlier. The IT services major lowered its FY27 revenue growth guidance to 1–2% in constant currency terms from its earlier projection of 1.5–3%.

YES Bank

YES Bank said it is evaluating the Supreme Court judgment concerning its Additional Tier 1 (AT-1) bonds and assessing the available options and next steps. The bank said the bond terms allow it discretion over coupon payments and confirmed that it had received queries from certain bondholders.

The 9% AT-1 bonds issued under the information memorandum dated October 17, 2017, had a coupon payment date of October 18, 2026. The bank said it would communicate its decision on exercising coupon discretion after completing its evaluation. It added that day-to-day operations and customer services continue uninterrupted across branches and digital channels.

Kotak Mahindra Bank

The lender reported a 29.5% YoY rise in Q2 FY27 net profit to ₹4,212 crore, compared with ₹3,253.3 crore in the year-ago period. Net interest income (NII) increased 15.7% to ₹8,459 crore from ₹7,311 crore, while operating profit rose 21.1% to ₹6,382.2 crore from ₹5,268.3 crore.

Bharat Petroleum Corporation (BPCL)

BPCL reported a net profit of ₹4,993 crore in Q2, against a net loss of ₹3,962 crore in the preceding quarter. EBITDA stood at ₹8,971 crore, compared with an EBITDA loss of ₹4,077 crore in the previous quarter.

Coforge

Coforge reported a 56.5% YoY increase in Q2 FY27 net profit to ₹588.1 crore, supported by a full-quarter contribution from its $2.35 billion acquisition of engineering services firm Encora. Net profit increased 13.4% sequentially.

Raymond

Raymond’s board approved a proposal to rename the company Raymond Aerospace, Defence & Engineering Limited. The resolution was passed by circulation on October 24, 2026. The proposed change is subject to shareholder approval through a special resolution, as well as approvals from the Central Government, stock exchanges and other relevant statutory and regulatory authorities. The board also approved consequential amendments to the company’s constitutional documents, subject to the required approvals.

Senco Gold

Senco Gold executed a Share Subscription Agreement, Shareholders’ Agreement and other transaction-related documents on October 25, 2026, with August Jewellery Private Limited (AJPL), which operates under the Melorra brand, and its existing shareholders. The agreements provide for the acquisition of a 68% equity stake in AJPL for ₹68 crore, to be invested in multiple tranches. The transaction remains subject to specified conditions precedent. Senco Gold had earlier disclosed on January 21, 2026, that its board had approved the proposed investment.

Apollo Micro Systems

Net profit rose 55.6% YoY to ₹48.4 crore in Q2, compared with ₹31 crore a year earlier. Revenue increased 72.2% to ₹388 crore from ₹225.3 crore, while EBITDA grew 87.6% to ₹111 crore from ₹59.2 crore. The EBITDA margin expanded to 28.6% from 26.3%.

Dr Reddy’s Laboratories

Dr Reddy’s Laboratories' Q2 revenue declined 1.5% YoY to ₹8,671 crore, while net profit fell 36% to ₹913.4 crore. EBITDA dropped 24.2% to ₹1,783 crore, and the EBITDA margin contracted to 20.6% from 26.7% a year earlier.

Torrent Pharmaceuticals

Revenue increased 50.8% YoY to ₹4,979 crore in Q2, while net profit declined 9.6% to ₹534 crore. EBITDA rose 54.1% to ₹1,583 crore, and the EBITDA margin expanded to 32.33% from 31.6%.

IDFC First Bank

The bank reported Q2 FY27 net profit of ₹1,044.6 crore, compared with ₹352.3 crore in the year-ago period. NII increased 21% YoY to ₹6,184.5 crore from ₹5,112.6 crore, while operating profit rose 35% to ₹2,538 crore from ₹1,880 crore. The bank also reported a sequential improvement in asset quality.

AU Small Finance Bank

Net profit increased 53% YoY to ₹857.7 crore in Q2, compared with ₹561 crore a year earlier. NII rose 31.5% to ₹2,820.1 crore from ₹2,144.4 crore. Gross non-performing assets (GNPA) improved to 1.99% from 2.10% in the previous quarter, while net non-performing assets (NNPA) increased to 0.81% from 0.76%.

Bank of India

The public sector lender reported a 25.3% YoY increase in Q2 net profit to ₹3,202 crore. NII rose 18.5% to ₹7,007 crore, while operating profit increased 33.2% to ₹5,089 crore. Gross NPA declined sequentially to 1.6% from 1.81%, and net NPA fell to 0.42% from 0.51%.

Netweb Technologies

Revenue increased 61.5% quarter-on-quarter (QoQ) to ₹1,323 crore in Q2, compared with ₹819 crore in the preceding quarter. Net profit rose 60.6% to ₹137 crore from ₹85.3 crore, while EBITDA increased 64.4% to ₹197 crore from ₹119.8 crore. The EBITDA margin improved to 14.9% from 14.6%.

Arvind

Prime Minister Narendra Modi inaugurated Arvind Limited’s garment manufacturing facility in Varanasi, Uttar Pradesh. Built with an investment of approximately ₹150 crore, the facility is the company’s first manufacturing unit in the state. Spread across 5.5 acres, it has a built-up area of around 65,000 square feet and a stated revenue potential of ₹250 crore.

The facility is expected to generate employment for more than 1,000 people, predominantly women, and manufacture knitwear products using automated sewing technologies.

Oracle Financial Services Software

The company's net profit declined 50.38% QoQ to ₹702 crore in Q2 from ₹1,416 crore in the previous quarter. Revenue fell 39% sequentially to ₹1,907 crore from ₹3,125 crore.

SBI Funds Management

SBI Funds Management's Q2 revenue increased 3.4% QoQ to ₹1,193 crore, while net profit declined 20.3% to ₹701.2 crore. EBITDA fell 1.2% to ₹913 crore, and the EBITDA margin narrowed to 77% from 80.1%.

VRL Logistics

The company announced a buyback of up to 87.5 lakh shares at ₹320 apiece, involving a total outlay of up to ₹280 crore. The buyback will open on October 27 and close on November 2.

Lupin

The US Food and Drug Administration (US FDA) concluded an inspection of Lupin’s manufacturing facility in Goa, conducted from October 19 to 23, 2026. The inspection resulted in a Form 483 with one observation. Lupin said it would address the observation and respond within the stipulated timeframe, reiterating its commitment to current Good Manufacturing Practice (cGMP) standards.

SEPC

The company received formal communications from the respective Executive Engineers of the Drinking Water and Sanitation divisions rescinding agreements for seven ongoing rural water supply projects in Jharkhand. The projects had been covered under earlier corporate announcements between February 2016 and December 2023.

SEPC said it was engaging with the relevant departments and evaluating available remedies, dispute resolution mechanisms and legal arbitration to protect its financial and legal interests. It will inform the stock exchanges of material developments in accordance with applicable SEBI regulations.

Transworld Shipping Lines

The company signed a Memorandum of Agreement to purchase two vessels, OEL Surya and OEL Varun, from Orient Express Lines Inc. The agreement was received by the company on October 24, 2026.

JSW Energy

ICRA Ltd assigned ratings to the long-term bank facilities of three step-down wholly owned subsidiaries through rating releases dated October 23, 2026. The ratings were as follows:

JSW Renew Energy Thirty Seven Ltd: [ICRA]A (Stable)/[ICRA]A2+

JSW Renew Energy Thirty Eight Ltd: [ICRA]A (Stable)/[ICRA]A2+

JSW Green Energy Nineteen Ltd: [ICRA]A (Stable)/[ICRA]A2+

Q2 Results Today

One 97 Communications (Paytm), Tata Consumer Products, Mankind Pharma, REC, Bank of Maharashtra, APL Apollo Tubes, Indian Overseas Bank, Ather Energy, Sona BLW Precision Forgings, Aegis Logistics, Supreme Industries, ITC Hotels, Dalmia Bharat, Aegis Vopak Terminals, Sumitomo Chemical India, Nazara Technologies, Aequs, Eris Lifesciences, DCM Shriram, KFin Technologies, Five-Star Business Finance, Tamilnad Mercantile Bank, Aditya Birla Real Estate, JBM Auto, AAVAS Financiers and WeWork India Management.

Disclosure: This article has been written by Kumar Gaurav, who is not a Sebi-registered Research Analyst or an Investment Adviser. Gaurav and their ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective Sebi-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here

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