SML Mahindra Ltd. reported a 44.4% year-on-year decline in net profit to approximately Rs.11.7 crore for the second quarter of FY27, even as revenue increased 20.7% to around Rs.669.8 crore. The results were reported on October 21, with the company’s shares coming under pressure following the announcement.
Indian Gas Exchange Ltd. (IGX), a natural gas trading platform promoted by Indian Energy Exchange Ltd. (IEX), has received regulatory approval to proceed with its proposed initial public offering (IPO).
Russia has carried out fresh missile and drone attacks on Ukraine, with reports of civilian casualties and electricity disruptions across multiple regions.
Cult.fit, the fitness and wellness business associated with the Curefit brand, is among the companies reported to have received approval from the Securities and Exchange Board of India (SEBI) to proceed with its proposed IPO.
Indian equity benchmarks opened higher on Wednesday, October 21, as buying in information technology shares and Reliance Industries supported the market.
Eswari Global Metal and Sohan Lal Commodity Management are among the companies reported to have received SEBI approval for their proposed public issues. The clearances form part of the continuing pipeline of companies seeking access to India’s primary market.
Infosys Ltd. has expanded its collaboration with Truist Financial Corporation, a major US financial services company, to support the continued development of Truist’s artificial intelligence-focused Global Capability Centre in Hyderabad.
Date 21.10.2026
Technical Summary Nifty CMP 22888.95
As discussed yesterday market behavior remained on the expected lines during the day, as sellers re strike and succeed to drift down the nifty up to our level of 22847 i.e. nifty made a day low of 22845.
As per market grapevine, stocks to watch for potential short-term returns include Atlanta Electricals, Butterfly, DCB Bank, GPPL, HFCL, INDORAMA, JAYNECOIND, Jyoti, Lords Chloro, Rajesh Power, RBL Bank, RDBRL, Shetron, South West Pinnacle Exploration, Talbros Engineering and Vilas Transcore. Keep them on the radar/watchlist.
Sobha Ltd. reported a 54.6% year-on-year (YoY) decline in consolidated net profit to approximately Rs.33 crore for the September quarter of FY27. Revenue fell 31.3% YoY to approximately Rs.967.1 crore, according to results coverage published on October 21.
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