Nuvama highlighted that Polycab posted revenue, Ebitda, and APAT growth of 18%, 62%, and 51% Y-o-Y in Q2, respectively, noting that the base in Q2FY25 was low due to volatile copper prices.
Stocks to watch on October 20: Dixon Tech, PNB and IndusInd Bank are among tother top stocks to track today.
Down 10% in USD terms, Indian equities still give hawk-eyed investors a clear vantage through Nifty's pre-pandemic valuations
At 12:50 PM, M&B Engineering share price was trading 2.46 per cent higher at ₹440.75 per share. By comparison, BSE Sensex was trading 0.62 per cent higher at 83,982.99 levels.
Analysts pointed to a combination of technological interventions, a diversified retail portfolio, and prudent risk management as key drivers of the quarter's performance.
On the bourses, LTIMindtree share rose as much as 2.32 per cent to hit an intraday high of 5750.60 per share.
Leading the list is GNG Electronics (Target: ₹482 | Upside: 52%), named by Nirmal Bang, which expects robust growth as the company benefits from the govt's 'Make in India' thrust on electronics mfg.
During the quarter, Zee Entertainment's advertising revenue dropped 10.6 per cent to ₹806.3 crore, marking the sixth consecutive quarter of decline, against ₹901.7 crore a year ago.
Around 7:20 AM, GIFT Nifty futures were down 41.6 points at 25,614.5, indicating a negative start.
At 12:12 PM, Nestle India share price was trading 3.23 per cent higher at ₹1,261 per share. By comparison, BSE Sensex was trading 0.53 per cent higher at 83,043.31 levels.
Ola Electric shares rose today following the launch of Ola शक्ति, its first residential Battery Energy Storage System (BESS).
The uptick in Jyoti Structures share price came after the company announced that it has received a Notification of Award worth ₹288.36 crore from AESL Projects Limited.
Nomura has maintained its Nifty target for March 2026 at 26,140, implying a modest upside of 4 per cent from current levels, based on a FY27F earnings per share (EPS) estimate of ₹1,245.
The Cables & Wires (C&W) segment, which is KEI Industries' growth engine, saw revenues rise 23 per cent Y-o-Y, marking a six-year compound annual growth rate (CAGR) of 17 per cent.
Stocks to watch today: Angle One, KEI Industries, Jyoti Structures and KEC International are among other top stocks to track today:
On the bourses around 11:30 AM, Cyient DLM share price was trading 0.75 per cent higher at ₹1,161.45. In comparison, BSE Sensex was trading 0.62 per cent higher at 82,535 levels.
Thyrocare Technologies share price surged following a strong September quarter (Q2FY26) financial performance.
ICICI Lombard's combined ratio rose to 105.1 per cent, up 68 basis points Y-o-Y, though excluding catastrophe (CAT) losses, it stood at 103.8 per cent, according to Nuvama.
Stocks to watch today: Kolte-Patil, Saatvik Green, Thyrocare, Persistent Systems are among other top stocks to track.
Analysts at PL Capital expect domestic-oriented sectors to outperform, naming banks, NBFCs, autos, retail, consumer staples, defence, metals, and select consumer durables as top picks.