Analysts attribute the strong performance of recent IPOs to investor preference for niche and differentiated businesses, backed by healthy growth expectations and high entry barriers in some segments.
Jefferies said that Hindustan Zinc trades below the long-term average EV/Ebitda and that recovery in silver price would be key for stock performance.
IT stocks gained ₹77,000 crore in market value, cushioning the Nifty's 0.34% decline on Wednesday, while banking and financial stocks lost around ₹81,000 crore amid rising bond yields.
VK Vijayakumar of Geojit Investments said that elevated Brent crude prices and US bond yields are keeping markets under pressure.
Vishal Mega Mart Q2 results: The company has reported a consolidated net profit of ₹157.9 crore in Q2, up 3.7 per cent on a Y-o-Y basis. Its profit margin contracted to 4.6 per cent in the quarter.
Paras Healthcare IPO bidding opened for subscription on Oct 21, 2026 and will close on Oct 23, 2026.
For Q2FY27, Just Dial reported a 9.73 per cent Y-o-Y decline in its consolidated net profit to ₹107.8 crore, and Ebitda margin contracted 228bps to 26.4 per cent.
Stocks to watch: Eternal, Hindustan Zinc, YES Bank, Bajaj Finance, IREDA, LTTS, RailTel Corporation, Adani Green Energy, Indian Hotels Company, KEI Industries, among others, will be in action today.
Bank earnings disappoint, IT stocks retreat; PSU banks emerge as lone sectoral gainers
Sensex Today | Stock Market Close Monday: In the broader markets, Nifty Midcap 100 and Nifty Smallcap 100 indices settled lower by 1.09 per cent and 1.01 per cent, respectively.
Stock market crash: The Indian benchmark indices, Sensex and Nifty, snapped their two-day gaining streak and declined 1 per cent today.
So far this year, Union Bank of India's stock has risen 17 per cent, and 32 per cent in a year.
HFCL's consolidated profit after tax (PAT) reached ₹394.22 crore in Q2FY27, registering a growth of 448.14 per cent Y-o-Y.
On the bourses, shares of sugar-producing companies tumbled as much as 6 per cent, leaving investors concerned about the impact of the latest move on growth.
Ixigo delivered an all-time high consolidated PAT of ₹63.42 crore in Q2 FY27, aided by partial sale of stake in Freshbus.
Urban Company's consolidated net loss widened to ₹182.48 crore in the July-September quarter of FY27. The company had posted a net loss of ₹59.33 crore in the year-ago period.
MOFSL said that Axis Bank's elevated opex led to slight earnings miss in Q2. The strong NII growth and lower-than-expected provisions were offset by elevated opex and softer treasury income.
ICICI Bank reported a 20.1 per cent year-on-year rise in standalone net profit to ₹14,843 crore in the July-September quarter of FY27.
Manish Jain, Deputy CEO of Choice AMC has said that mutual fund inflows are not sufficient to lift the market alone. He added that domestic money sets the floor only, and not the ceiling.
Stocks to buy today: Sachin Gupta, VP - research , Choice Equity Broking, recommends three stocks to buy today, namely Groww, HCL Tech and Nazara Technologies.