Stock-specific activity is likely to remain in focus on Dalal Street on October 28, following a slew of corporate developments, brokerage recommendations and earnings.
Lemon Tree Hotels share price shed 1 percent after company signed a licence agreement for Lemon Tree Hotel in Sirhind, Punjab. The 76-room property will be managed by the company's subsidiary, Carnation Hotels.
Tata Motors share price gained 1.3 percent after its tender offer to acquire Iveco Group crossed the 80% threshold, with provisional results indicating an 89.42% stake in the Italian commercial vehicle maker, net of treasury shares.
Max Financial Services shares down more than 2 percent despite HSBC maintained its 'buy' rating with a target price of Rs 1,900 per share. The company's value of new business (VNB) grew 15% year-on-year to Rs 734 crore in Q2FY27, while the VNB margin expanded 150 basis points to 27%. Annualised premium equivalent (APE) was in line with estimates, while VNB marginally beat expectations.
Shares of Larsen and Toubro rose 5 percent after its Q2 consolidated profit rose 33% to Rs 5,202 crore from Rs 3,926 crore a year ago, while revenue grew 16% to Rs 78,750 crore. Order inflow jumped 28% to Rs 1.47 lakh crore, but EBITDA margin declined to 8.7% from 10%.