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6 min read | Updated on October 15, 2025, 12:49 IST
SUMMARY
Shares of Hyundai Motor India rallied nearly 3% to an intraday high of ₹2,480 apiece on the NSE as the firm’s President & CEO Jose Munoz said it will invest ₹45,000 crore by FY30
Shares of the construction company climbed 5.4% to touch an intraday high of ₹2,975 apiece on Wednesday as it bagged an order from BHEL. Image: Shutterstock
The Indian stock market continued with its upward movement in the afternoon session on Wednesday, October 15, following strong cues from Asian markets.
Nestle India shares were the biggest contributor, soaring 3.23%, followed by Bajaj Finance (2.68%), Bajaj Finserv (2.54%), Larsen & Toubro (2.49%) and Asian Paints (2.03%).
ICICI Lombard General Insurance Company shares rallied over 8% to an intraday high of ₹2,011 apiece as the investors cheered September quarter earnings.
The insurance firm reported an 18% year-on-year (YoY) increase in its net profit to ₹819.5 crore in the second quarter of the 2025-26 financial year (Q1FY26), compared to ₹694 crore it clocked in the year-ago period.
The company’s net total income stood at ₹6,583 crore in the quarter under review, improving 12.5% YoY from ₹5,850 crore in the September quarter of FY25.
Along with its earnings, the company has also approved an interim dividend of ₹6.5 per share.
The insurance company’s GDPI was at ₹14,331 crore in H1 FY2026 compared to ₹14,409 crore in H1 FY2025, a de-growth of 0.5%, as against the industry growth of 7.3%.
At 12:20 PM, ICICI Lombard shares were trading at ₹2,007.70 apiece on NSE, soaring 8.24%.
Persistent Systems shares surged over 7.3% to touch an intraday high of ₹5,730 apiece on Wednesday as the mid-tier IT services company posted an 11% quarter-on-quarter (QoQ) increase in its consolidated net profit.
The firm clocked a profit of ₹471.47 crore in the September quarter of FY26, compared to ₹424.90 crore in the previous quarter, it said in a regulatory filing.
The technology company’s revenue from operations soared 7.4% QoQ to ₹3,580.72 crore during the quarter under review, as against 3,333.59 crore in the first quarter of FY26.
At an operational level, Persistent Systems’ EBIT (earnings before interest and tax), also known as operating profit, stood at ₹583 crore in Q2 of FY26, marking a 12.6% QoQ jump from ₹517.8 crore in the June quarter of FY26.
Its EBIT margin expanded to 16.3% during the quarter, from 15.5% in Q1FY26.
At 12:20 PM, Persistent Systems shares were trading at ₹5,667.60 apiece on the NSE, surging 6.18%.
Shares of recently listed home services platform Urban Company surged as much as 8.38% to hit an intraday high of ₹163.28 in Wednesday’s trade, snapping a five-day losing streak that had dragged the stock below its listing price.
The rebound came a day ahead of a crucial trading session on Thursday, October 16, when the company’s one-month shareholder lock-in period ends.
The stock had slumped as much as 11% in the past five trading sessions to close at ₹150.65, below its listing price of ₹162 per share—and falling 26% from its post-listing high of ₹201. Wednesday’s upmove helped the stock reclaim its listing level on the exchanges.
According to a CNBC TV18 report quoting Nuvama Alternative & Quantitative Research, around 4.15 crore shares, equivalent to 3% of Urban Company’s outstanding equity, will become eligible for trade once the lock-in period expires. Based on the prevailing market price, these shares are valued at approximately ₹651 crore.
Tech Mahindra, the large-cap IT services company, reported a 4.44% year-on-year (YoY) fall in its September quarter (Q2 FY26) net profit at ₹1,194.5 crore. The company had posted a ₹1,250 crore profit in the year-ago period.
Shares of the company slipped nearly 2% to an intraday low of ₹1,440.40 apiece on the NSE. At 12:26 PM, the stock was trading at ₹1,460.10 per share, losing 0.54%.
The Q2 FY26 profit, however, was marginally higher than the ₹1,141 crore reported in the preceding June quarter.
Its revenue grew to ₹13,995 crore from ₹13,313 crore seen a year ago and ₹13,351 crore in the quarter-ago period, as per an exchange filing.
Its managing director and chief executive, Mohit Joshi, said the Americas saw an over 2% decline in revenues during the quarter, mainly due to macroeconomic issues. From a sectoral perspective, its key vertical of communication witnessed a 2.5% decline.
Shares of the automaker rallied nearly 3% to an intraday high of ₹2,480 apiece on the NSE as the firm’s President & CEO Jose Munoz said Hyundai Motor India will invest ₹45,000 crore by FY30, aiming to make India its second-largest region globally.
Hyundai Motor India Limited (HMIL) on Wednesday hosted its first-ever Investor Day, presenting a comprehensive strategic roadmap that includes India-centric product expansion plans, advanced manufacturing, deep localisation and key financial guidance to support its growth trajectory through FY2030.
The company also aims to increase its revenues by 1.5 times and cross the Rs 1 lakh crore milestone by FY2030 under its 2030 growth roadmap. Under the roadmap, HMIL plans 26 product launches by FY2030, including seven new nameplates, marking its entry into the MPV and off-road SUV segments.
The company also aims to roll out a locally designed, developed and manufactured dedicated electric SUV for the Indian market by 2027. It will also launch the luxury segment brand Genesis in India by 2027.
"Following our landmark IPO last year and 30 years of success in India, now HMIL plans an investment of ₹45,000 crore through FY30 to drive the next phase of growth," Munoz said in a statement.
Hyundai Motor India shares were trading at ₹2,448.30 apiece on NSE, rising 1.51%.
Shares of the construction company climbed 5.4% to touch an intraday high of ₹2,975 apiece on Wednesday as it bagged an order from BHEL.
“…our Company has secured a large-scale order over ₹2500 crores (two thousand five hundred crore rupees) excl. GST from Bharat Heavy Electricals Limited (BHEL) for an EPC package for balance of plants (BOP) at the 1 X 800 MW Singareni Super Thermal Power Project, Stage - II, Mancherial, Telangana,” Power Mech said in a regulatory filing.
It will take 38 months to complete the project from the start of work.
At 12:34 PM, Power Mech Projects shares were trading at ₹2,858.60 apiece on NSE, gaining 1.30%.
Shares of the Bhavesh Aggarwal-led firm rallied 5% to hit the upper circuit of ₹52.75 on Wednesday. The company, in a regulatory filing, announced that it will unveil the name of its new energy product, “Ola Shakti”, on October 16, a day earlier than initially planned.
According to media reports, Ola Electric is likely to enter the energy storage market, which is expected to reach over $30 billion by 2030. News agency PTI reported that industry sources speculate the announcement could involve Battery Energy Storage Systems (BESS) for homes and businesses, leveraging Ola's existing 4680 Bharat Cell technology from its Tamil Nadu Gigafactory.
Ola's potential entry into the energy storage sector would come with distinct advantages: domestic manufacturing capability at a time when the government is prioritising local production.
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