GIFT Nifty Opening Update
GIFT Nifty opened today at 22,776.50. It is down -84.50 points (-0.37%) from yesterday’s close of 22,774.00- so the trend is negative.
Investors in the Indian stock market are expected to monitor a number of companies on Wednesday, October 7, in light of significant order wins, business updates, expansion strategies, and corporate announcements. Axis Solutions, Blue Dart Express, Glen Industries, Titan, Container Corporation of India, and Laurus Labs are among the stocks expected to attract attention. Utkarsh Small Finance Bank, OM Power Transmission, Apollo Tyres, Azad India Mobility, and Mukka Proteins are likely to draw interest.
Equities to Monitor:
- Axis Solutions has obtained a contract valued at around €4.03 million from John Cockerill Hydrogen Belgium. This agreement entails the design, manufacturing, and supply of over 100 gas analysers for the Kakinada project in India.
- Blue Dart Express has entered into a Memorandum of Understanding with the National Capital Region Transport Corporation to investigate the potential for express parcel movement along the Delhi-Ghaziabad-Meerut Namo Bharat corridor. The initiative seeks to assess prospects for enhancing logistics and parcel transportation solutions.
- Glen Industries has disclosed its revenue for the first half of FY27, amounting to Rs 113.57 crore, which represents an 18.84% increase compared to the same period last year. It maintains a focus on capacity expansion and product innovation, while the construction of its new manufacturing facility in Howrah is advancing.
- Titan reported approximately 25% year-on-year growth in Q2 FY27, with the addition of 78 net new stores during the quarter, resulting in a total retail network of 3,758 stores.
- HCL Technology announced its intention to present its AI-native telecom solutions at the India Mobile Congress 2026. The emphasis will be on assisting telecom service providers and OEMs in their transition to AI-ready and autonomous operations.
- Container Corporation of India has secured an order valued at Rs 87.15 crore, excluding free-supply items, for the provision of 12 rakes of BLSS waggons to a domestic firm.
- Laurus Labs has made an investment of Rs 12.09 crore in Kurnool Renewables via a rights issue, resulting in the acquisition of 1.21 crore shares. Following the investment, the total stake in the associate company remained constant at 26%.
- Utkarsh Small Finance Bank has demonstrated robust business growth in Q2 FY27, with total disbursements increasing by 54.9% year-on-year to Rs 3,525 crore. The gross loan portfolio experienced a growth of 7.5%, reaching Rs 20,063 crore, while deposits saw an increase of 6.6%, totalling Rs 23,869 crore. The CASA ratio improved to 21.5%.
- OM Power Transmission has secured a letter of intent valued at 69.19 crore from GETCO for the 220 kV Prantij-Jantral Line Package 2.
- Apollo Tyres has announced the resignation of Co-CFO Gaurav Kumar, effective at the close of business hours on October 6, 2026. He is departing to seek new personal and professional opportunities, with no additional substantial reason provided for his resignation.
- Azad India Mobility has established October 23, 2026, as the record date for its share split. Each existing Rs 10 share will be subdivided into five shares of Rs 2 each, contingent upon approval at its 65th AGM.
- Mukka Proteins has obtained USDA NOP Inputs Attestation from ECOCERT for its Eco Sphere Organic Fertiliser. The certification is anticipated to enhance the product’s marketability within organic farming markets, particularly in the US, and bolster the company’s value-added and sustainable product portfolio.
