Stock-specific activity is likely to remain in focus on Dalal Street on October 26, following a slew of corporate developments, brokerage recommendations and earnings.
KEC International share price gained more than 2 percent after securing turnkey orders worth Rs 2,872 crore from Power Grid Corporation of India for the design, supply and installation of 765 kV transmission lines.
Shares of Infosys fell 2 percent despite reporting a 6.2 percent year-on-year rise in Q2 consolidated profit to Rs 7,823 crore and a 10.7 percent increase in revenue to Rs 49,244 crore. The company expects FY27 constant-currency revenue growth of 1-2 percent and an operating margin of 20-22 percent.
Shares of Shriram Finance shed 5% after CLSA maintained 'outperform' rating and cuts target price to Rs 1,100. CLSA said Shriram Finance's PAT missed estimates by 4%, as higher credit costs partly offset stronger pre-provision operating profit (PPoP). The higher credit costs were attributed to seasonality and drought, with normalisation towards the 2% steady-state guidance expected.
Shares of Kotak Mahindra Bank added 2 percent after reporting a 29.5 percent year-on-year jump in Q2 standalone profit to Rs 4,212 crore and a 15.7 percent rise in net interest income to Rs 8,459 crore. Gross NPA improved to 1.04 percent from 1.18 percent quarter-on-quarter.