Stocks to watch, Oct 13: TARIL, Tata Elxsi, HCLTech, RBL Bank, Polycab, oil-sensitives, Shadowfax Technologies

The domestic equity market is expected to open in the green on Tuesday, October 13. The GIFT NIFTY futures suggest that the NIFTY50 index will open 37 points higher.

The Noida-headquartered company narrowed its FY27 revenue growth forecast to 2.5-4% in constant currency from 1-4% earlier.

Its CEO and MD C Vijayakumar said the guidance was backed by strong bookings, a healthy deal pipeline, and momentum in AI-led services.

The company had posted a net profit (attributable to owners of the company) of ₹4,235 crore in the year-ago period, according to a regulatory filing.

HCLTech’s revenue from operations rose 11.5% to ₹35,620 crore from ₹31,942 crore in Q2 FY26.

While supply risks following attacks on Saudi Arabia continue to support prices, the prospect of additional Russian diesel supplies could ease tightness in global fuel markets.

Elevated crude prices remain a concern for oil marketing companies (OMCs), as they can increase under-recoveries if higher input costs are not fully passed on to consumers.

Upstream oil producers such as ONGC and Oil India, however, could benefit from higher crude prices, while aviation and paint companies may face cost pressures.

Under the agreement, TMPV and Stellantis will collaborate to develop vehicles for more than ‌50 global markets and manufacture them in India at Fiat India Automobiles Private Limited (FIAPL), the 50:50 joint venture between TMPV and Stellantis.

Under the agreement, TMPV will provide Stellantis access to its advanced product technology and vehicle architecture, which Stellantis will build upon through its product development and engineering capabilities in India to address the requirements of more than 50 global markets, adapting to diverse customer, regulatory and operating requirements, a statement said.

Lakadia II Power Transmission will be engaged in the business of transmission of power, Power Grid Corporation of India said in an exchange filing.

The company said it has "acquired Lakadia II Power Transmission, the Project SPV to establish an inter-state transmission system for the project, namely Transmission system for Integration of Power from RE projects in Lakadia REZ in Gujarat-Phase 11 (7500MW), on a build, own, operate and transfer (BOOT) basis from the Bid Process Coordinator RECPDCL".

IHCL, the country's largest hospitality player, also opened 20 hotels across its brandscape during the first half (April-September) of the current financial year, it said in a statement.

Suma Venkatesh, Executive Vice President - Real Estate & Development, IHCL, said, "With a strong momentum of 47 signings and 20 openings in H1 FY2027, IHCL is on track to achieve its guidance under Accelerate 2030 of a 700-hotel portfolio ahead of time."

She observed that with 10 hotel brands, IHCL's H1 signings are well represented across segments, from 4 Taj hotels, a Brij, and an Atmantan in luxury to driving scale in the mid-scale with 19 signings in Ginger and Tree of Life brands.

It will also stop introducing new F&O contracts after the October 2026 series expires, although existing October, November and December contracts will remain available until their respective expiry dates.

The move could increase the funds traders need to maintain their positions and prompt some to reduce exposure, potentially affecting near-term trading activity and volatility in the stock.

The subsidiary of UAE's Emirates NBD, which had raised $3.4 billion in deposits from the diaspora under the scheme, reported a widening of interest margin courtesy of repayment of bulk deposits using the FCNR(B) money and also lent ₹10,300 crore to depositors using the leverage provision in the scheme.

The bank's managing director and chief executive, R Subramaniakumar, however, said that while the special scheme helped post 42% growth in advances, loan growth excluding the scheme was 30%.

The core net interest income (NII) grew 37% to ₹2,131 crore during the reporting quarter on the back of the healthy loan growth and also the widening of the NIM to 4.61% from 4.51% in the year-ago period and 4.13% in the quarter-ago period.

The company had logged a profit of ₹838 crore in the year-ago period.

Revenue from operations increased 16.3% to ₹1,674 crore in July-September FY27 from ₹1,439 crore a year ago, the asset management firm said in a stock exchange filing.

Total expenses increased 18% to ₹493 crore in the quarter under review from ₹418 crore in the year-ago period.

The company's board has approved an interim dividend of ₹30 per equity share, with October 21 fixed as the record date to determine eligible shareholders.

In the first half of FY27, the company's net profit increased 14.3% to ₹1,854 crore from ₹1,622 crore in the year-ago period. Revenue from operations rose 17% to ₹3,238 crore from ₹2,770 crore earlier.

The budget carrier has been grappling with financial and operational headwinds for the past many months, and aviation watchdog DGCA is keeping a close tab on the airline, the report added, quoting sources.

The report on Monday said that recently around 40 pilots who operate the Q400 planes refused to fly till their pending salary dues are paid.

Further details could not be immediately ascertained.

SpiceJet did not comment.

According to a regulatory filing, Ircon received a letter of award (LoA) for EPC works, including supply of “ballast & P.Way materials including laying and linking of track works and other miscellaneous works for 32.5 T axle load in Gomoh-Koderma section (Rly km 300.15 to 393.68, DHN Division) and Gaya-Son Nagar section (Rly km 475.200 to 542.075, DDU Division) of East Central Railway.”

Qualcomm Ventures, through its affiliate Qualcomm Asia Pacific Pte Ltd, sold a little over 57.13 lakh shares, representing a 0.98% stake, in Bengaluru-based Shadowfax Technologies, according to bulk deal data on the BSE.

The shares were sold at an average price of ₹275.30 per share, taking the deal value to ₹157.28 crore.

Qualcomm Asia Pacific is a regional corporate affiliate and investment arm of US-based semiconductor and wireless technology major Qualcomm.

At the end of the June quarter, Qualcomm Asia Pacific Pte Ltd owned a 2.26% stake in the company, according to shareholding data on the exchange.

Details of the buyers could not be identified.

The company also announced the resignation of its CFO, Rakesh Shah.

Mittersain’s re-designation as founder and non-executive director takes effect from the close of business hours on Monday, the company said in the filing. He will cease to be a key managerial personnel from October 13.

The change is part of a leadership transition that will allow the professional leadership team to lead the company’s “next phase”, while Mittersain continues to provide strategic guidance to the board, Nazara said in the filing.

The contracts will support Safran's supply chain and ongoing production programmes while contributing to the growth and development of Aequs within the aerospace sector, the company said.

The latest pacts come close on the heels of Aequs partnering with Safran Landing Systems in July for the supply of fully assembled A320 family aircraft wheels.

The agreements build on Aequs' longstanding engagement with Safran Landing Systems with new contracts, while also extending the relationship to other Safran entities, Safran Aerosystems and Safran Electronics & Defense, taking the number of Aequs relationships to six Safran entities.

Ojha brings over two decades of finance leadership experience across multinational healthcare and pharmaceutical firms, the company said in a release.

Most recently, he served as Global CFO and President, Finance at Intas Pharmaceuticals, it said, adding that earlier he held senior leadership roles at Viatris, Mylan, Sun Pharmaceuticals, and Ranbaxy Laboratories.

Cohance Lifesciences, formerly Suven Pharmaceuticals, is an innovator-focused global contract research, development, and manufacturing organisation, formed via the merger of Cohance Life Sciences into Suven Pharmaceuticals.