#Stocks to Watch: Key Indian Corporate Updates and Banking Developments – October 4, 2026
🔹 HDFC Bank approved the appointment of Anup Bagchi as its new Managing Director and CEO for a three-year term following RBI approval, bringing an external candidate to lead India's largest private bank.
🔹 ICICI Prudential Life Insurance appointed Siddhartha Mishra as its next MD and CEO for a five-year term, succeeding Anup Bagchi.
🔹 Bajaj Finance board approved a preferential issue of warrants convertible into equity shares for an aggregate amount of up to ₹5,800 crore.
🔹 Infosys and Wipro ADRs jumped around 8% following strong fourth-quarter results and an upbeat fiscal 2027 revenue outlook from Accenture.
🔹 Canara Bank reported Q2 global business growth of 15.8% year-on-year to ₹30.71 lakh crore, with domestic advances rising 16.8% to ₹12.63 lakh crore.
🔹 Bank of Baroda logged a 17.45% year-on-year growth in global business to ₹32.64 lakh crore for the quarter ended September 30, 2026.
🔹 Indian Bank posted a 14.2% year-on-year rise in total business to ₹15.96 lakh crore in Q2, while IDBI Bank reported an 18% increase to ₹6.27 lakh crore.
🔹 UCO Bank recorded total business growth of 18.84% year-on-year to ₹6.37 lakh crore, driven by a 24.68% surge in advances.
🔹 PNB received an administrative warning from SEBI regarding alleged violations of insider trading rules involving six individuals.
🔹 Rail Vikas Nigam Limited announced the mutual cancellation of an LOA from East Coast Railway for an IP-based video surveillance system without financial penalty.
🔹 SRF Ltd received a show cause notice from CGST authorities regarding an alleged disallowance of input tax credit aggregating to ₹266.32 crore for FY23 and FY24.
🔹 Hindustan Zinc reported a 5% year-on-year increase in mined metal production to 271 kilotonnes and a 7% rise in saleable metal output to 264 kilotonnes.
🔹 NMDC total iron ore production rose 7.7% year-on-year to 4.04 million tonnes in September, though sales declined 9.5% to 3.51 million tonnes.
🔹 Bharat Coking Coal reported a 20.7% year-on-year increase in total raw coal production to 2.57 million tonnes in September.
🔹 MOIL announced a 5% price hike across all grades of manganese ore effective October 2026.
🔹 Muthoot Finance appointed Alexander George as Managing Director and George Alexander Muthoot as Vice Chairman effective October 1, 2026.
🔹 Aurobindo Pharma received final approval from the USFDA to manufacture and market Perampanel tablets across multiple strengths.
🔹 IREDA extended the additional charge of Chairman and Managing Director to Director Finance Dr. Bijay Kumar Mohanty for three months.
#HDFCBank #ICICIPrudential #BajajFinance #CanaraBank #BankOfBaroda #PNB #Infosys #Wipro #RVNL #SRF #HindustanZinc #NMDC #AurobindoPharma #MOIL #IREDA #Nifty #BankNifty #EquityUpdate #MarketTrends
*Stocks in Action:*
*HUDCO Ltd.:* India’s urban infrastructure financing cycle remains supportive, with rising government spending on housing, urban development and infrastructure creating sustained demand for long-term institutional financing. Against this backdrop, HUDCO reported a 36.9% YoY increase in loan disbursements to Rs. 35,371 crore during the first six months of FY27, while cumulative sanctions crossed Rs. 1,04,592 crore. Management has guided for full-year disbursements of Rs. 65,000 crore, alongside its roadmap to expand the loan book to Rs. 3 lakh crore by 2030. The company is also broadening its lending opportunities, with a five-year agreement with the Government of Bihar to finance up to Rs. 25,000 crore for industrial parks. In Q1FY27, revenue increased 26.6% YoY to Rs. 3,717 crore and operating profit rose 41.4% to Rs. 1,066 crore, while PAT stood at Rs. 851 crore. *Positive on HUDCO given strong disbursement growth, expanding financing opportunities, improving operating performance and increasing visibility on loan-book expansion.*
*Hyundai Motor India Ltd.:* Hyundai Motor India delivered its strongest monthly volume performance on record in September 2026, dispatching 77,916 vehicles across domestic and export markets, marking 10.8% YoY growth, while also opening bookings for the new Hyundai Bayon utility vehicle. Management had guided for 8–10% volume growth and an operating profit margin of 11–14% for FY27, with the company implementing a portfolio-wide price hike in September to offset elevated metal costs and protect unit realisations. Rural demand remained a key growth driver, increasing 23.2% YoY in Q1FY27 and taking rural contribution to a record 25.9% of domestic volumes. However, Q1FY27 operating margin declined to 9.3% from 13.3% YoY, while net profit fell 35.1% to Rs. 889 crore, impacted by a fire at a key parts supplier that disrupted production of 13,900 vehicles. *Positive on Hyundai Motor India given improving monthly volumes, strong rural traction, new product launches and pricing actions to protect realisations.*
Good Morning ❤️
📢 IPO Events | 05 Oct 2026
🟢 Opening Today :-
• R.K.Fashion Accessories Ltd. (SME)
📋 Allotment Today :-
• Green Asia Impex Ltd. (SME)
• Black Opal Consultants Ltd. (SME)
• Vans Electroengineerings Ltd. (SME)
• Papadmalji Agro Foods Ltd. (SME)
🎯 Listing Today :-
• Sai Urja Indo Ventures Ltd. (SME)
• Runwal Enterprises Ltd. (M)
• Dudani Retail Ltd. (SME)
• Orient Cables (India) Ltd. (M)
• German Green Steel & Power Ltd. (M)
• Acevector Ltd. (M)
• Himalayan Solar Ltd. (SME)
• Bench Mark Infotech Services Ltd. (SME)
⏳ Closing Today :-
• Shree TNB Polymers Ltd. (SME)
• EverestIMS Technologies Ltd. (SME)
• Omara Ventures Ltd. (SME)
• Vishal Nirmiti Ltd. (M)
• Sollfege Smart Electronics Ltd. (SME)
• Nityas Gems and Jewellery Ltd. (M)
• SJP Ultrasonics Ltd. (SME)
• Eventions Ltd. (SME)
• Dove Soft Ltd. (SME)
Maharashtra Braces For Water Crisis 💧
A minimum 10% water cut will kick in across the state from October 16, as deficient rainfall and El Niño concerns raise fears of worsening water scarcity.
Drinking water will get top priority, while irrigation will be restricted until essential needs are met.
#Maharashtra #WaterCrisis #WaterCut #Drought #ElNino #MaharashtraNews #ETNOW
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