Adani Power shares gained 2% after the company signed a pact with Bhutans Druk Green Power Corporation to develop the 770-MW Chamkharchhu hydropower project. The project will be developed through a 49:51 partnership, with construction expected to begin in the first half of 2027. The project is part of a broader 5,000-MW hydropower development programme.
Rentomojo shares rallied after the company's first earnings report since its listing last month, which showed revenue up 50% year-on-year to Rs 126 crore in Q1 FY27. EBITDA rose to Rs 51 crore from Rs 34 crore, with margins st
Honasa Consumer shares rallied after the company projected strong Q2 FY27 operating performance, with net sales growth expected in the early thirties, improving margins and continued traction across brands and offline channels.
Vedanta shares rose over 3% after the company set October 14 as the record date for its first FY27 interim dividend, subject to board approval on October 8. The payout will be the first since Vedantas demerger into five entities. Analysts expect dividends to remain strong but potentially become more volatile and commodity-sensitive.
Kotak Mahindra Bank's net advances increased 25% year-on-year to Rs 5.77 lakh crore in Q2 FY27. Total deposits rose more than 23% year-on-year to Rs 6.51 lakh crore during the same period. CASA deposits reached Rs 2.49 lakh crore, reflecting an 11% growth compared to last year. Anup Kumar Saha has been appointed as the new CEO, effective January 1, 2027.
Nomura initiated coverage on Sterlite Technologies with a Buy rating and Rs 1,350 target, implying 48.5% upside. The brokerage expects strong optical fibre demand, data-centre growth and planned capacity expansion to drive STLs revenue and margins. Shares have already surged sharply, gaining 430% in six months and 880% year-to-date.
Jane Street Group LLC is currently appealing against the Securities and Exchange Board of Indias allegations of market manipulation. The company has previously been cleared of wrongdoing by regulatory reviews, which raises questions about the ongoing investigation. Jane Street is seeking further information about the origins and conduct of the SEC investigation into its trading activities.
