NIFTY50 above 23K, SENSEX soars 1,376 pts in noon deals; RIL, IDBI Bank, Nestle India, Tech Mahindra among buzzing stocks

The Indian equity benchmark indices were trading higher in the afternoon session on Thursday, October 15, driven by a strong rally in banking, IT and oil and gas stocks.

Buzzing stocks on October 15: Check list

IDBI Bank

Trading activity surpassing 48 million equity shares across NSE and BSE combined triggered the high-volume losses during the market session on October 15, as investors showed active interest in the bank’s stock.

The government and Life Insurance Corporation of India (LIC) will jointly retain a 34% stake in the restructured entity. The transaction involves the sale of a 30.48% stake held by the government and 30.24% held by LIC. Canadian billionaire Prem Watsa-led Fairfax will pay ₹81 per share, higher than the benchmark fair value of ₹75.99 determined by two independent valuation agencies.

Reliance Industries

On Wednesday late evening, details emerged that Jio Platforms Ltd, the digital and telecom arm of Reliance Industries, has set a price band of ₹1,065 to ₹1,119 per share for its initial public offering (IPO) that could raise about ₹30,213 crore at the top of the range, making it India's largest.

The IPO, comprising a fresh issue of up to 27 crore equity shares of ₹10 face value each, opens for subscription on Wednesday, October 21, and closes on Friday, October 23. Anchor investor bidding is on Monday, October 19, according to regulatory filings by Reliance.

CEAT

The tyre-making firm’s shares slipped 5% to touch an intraday low of ₹4,438 apiece on Thursday, a day after the firm reported a 40% decline in its consolidated net profit at ₹112 crore for the quarter ended September 30 of the financial year 2026-27 (Q2 FY27).

The company had seen a profit of ₹186 crore in the same quarter of the previous fiscal year.

The RPG Group firm’s revenue from operations for the quarter under review stood at ₹4,762 crore, marking a growth of 26% from ₹3,773 crore reported in the second quarter of FY26.

For Q2 FY27, CEAT’s earnings before interest, taxes, depreciation, and amortisation (EBITDA) slipped 9% year-on-year (YoY) to ₹457 crore as against ₹503 crore reported in the same quarter of FY26. Its margin contracted at 9.60% in contrast to 13.33% YoY.

Tata Technologies

Tata Technologies shares surged more than 8% in the early trading session to touch an intraday high of ₹807.55 apiece on Thursday, as investors reacted to the company’s healthy Q2 FY27 earnings performance. The stock, however, pared gains and was trading lower in the afternoon session.

In the July to September quarter (Q2) results for FY27, Tata Technologies registered a 3.5% YoY growth in the company’s consolidated net profit to ₹171.44 crore, in comparison to ₹165.50 crore in the corresponding quarter of the previous fiscal year.

Its consolidated revenue from operations stood at ₹1,698.80 crore during the quarter under review, marking a 28.37% YoY increase from ₹1,323.33 crore in the September quarter of the 2025-26 fiscal year (Q2 FY26).

In USD terms, Tata Tech’s total operating revenue came in at $177.9 million, up 19.1% YoY and 1.4% quarter-on-quarter (QoQ) on an organic constant currency (CC) basis, the investor presentation said. In the year-ago period, it was $150.9 million.

HDB Financial Services

The stock tanked 8% to hit a 52-week low of ₹538.20 apiece on Thursday. The NBFC firm reported a net profit of ₹780 crore in Q2 FY27, registering a growth of 34% from ₹581 crore during the same period last year.

The revenue from operations increased 10% for the quarter ended September 30, 2026, to ₹5,005 crore as against ₹4,545 crore in the year-ago period. For Q2 FY27, the HDB Financial Services net interest income (NII) stood at ₹2,534 crore compared to ₹2,192 crore for the quarter ended September 30, 2025, marking an increase of 15.6%.

The net interest margin (NIM) stood at 8.23% in the reporting quarter as against 7.95% YoY. In Q1 FY27, the NIM was at 8.35%.

Tech Mahindra

Tech Mahindra shares gained as much as 4% to touch an intraday high of ₹1,637.50 apiece on Thursday, ahead of the firm’s September quarter earnings.

Tech Mahindra’s net profit could rise 28% to 32% YoY and 4% to 8% QoQ to between ₹1,530 crore and ₹1,580 crore. Growth is likely to be supported by the ramp-up of new deals and strong demand from the BFSI and retail verticals. The company reported a net profit of ₹1,465 crore in the previous quarter and ₹1,194 crore in the same quarter last year.

As per experts, Tech Mahindra’s Q2 revenue could increase by 13% to 14% on a yearly basis and by up to 1.5% sequentially, to between ₹15,790 crore and ₹15,950 crore. 

Nestle India

The FMCG major reported a standalone net profit of ₹1,027 crore for the July-September quarter (Q2 FY27), marking a jump of 36% from ₹753 crore logged in the same period last year.

Nestle’s revenue from operations grew 20% year-on-year (YoY) to ₹6,788 crore in the September quarter of FY27, as against ₹5,644 crore registered in the year-ago period.

The operating profit, also known as earnings before interest, taxes, depreciation, and amortisation (EBITDA), increased 31% to ₹1,614 crore as compared to ₹1,232 crore in the corresponding quarter of the previous fiscal year.

Its EBITDA margin expanded to 23.78% in the reporting quarter from 21.83% in Q2 FY26.