Stocks to watch, Oct 14: Infosys, Tata Elxsi, BCCL, Tata Technologies, Groww, BHEL, Canara Bank, Bajaj Consumer Care

The domestic equity market is expected to open lower on Wednesday, October 14. The GIFT NIFTY futures suggest that the NIFTY50 index will open 71 points lower.

The list includes names such as Tata Technologies, Bharat Heavy Electricals (BHEL), Billionbrains Garage Ventures (Groww), Canara Bank, ICICI Lombard General Insurance Company, HDB Financial Services, Mangalore Refinery and Petrochemicals, Emmvee Photovoltaic Power, CEAT, Leela Palaces Hotels & Resorts, and Bajaj Consumer Care, among others.

The company had posted a profit of ₹154.82 crore in the same quarter of the preceding fiscal year, according to a regulatory filing.

Tata Elxsi's revenue from operations rose 14.98% to ₹1,055.66 crore in Q2 FY27, compared to ₹918.10 crore in Q2 FY26.

On a quarter-on-quarter basis, the company's revenue grew by 3.4%. However, its net profit declined by 0.18%.

"We have delivered strong operational excellence and resilient growth across customers and industry verticals in a volatile macro environment," Tata Elxsi CEO and MD Manoj Raghavan said.

Parekh said the business, which includes building AI agents, coding work and modernising old technology for clients, is small relative to the company’s size but growing so fast that it could account for 20-30 per cent of Infosys’ work within a few quarters if the current pace continues.

"It (AI services) is growing at a fantastic pace. If you sort of extrapolate that by a few quarters, you already start to see that's 20-30 per cent of our work in a few quarters, and maybe in two or three years, almost half of our work," Parekh said at the Bloomberg New Economy Forum 2026.

He said the growth showed there was "a huge demand" for such services.

TARIL said Q2 FY27 performance reflects better execution, improved capacity utilisation, and operating leverage across manufacturing facilities. Order inflow stood at ₹1,169 crore during Q2FY27, reflecting 97% YoY growth.

The rate revision, approved at the board meeting, aims to correct "disproportionate inter-grade price differentials" in BCCL's raw coking coal pricing, Bharat Coking Coal Ltd said in a stock exchange filing.

"With a view to correct disproportionate inter-grade price differentials, the revision covers steel grades (I and II), direct feed, PCC Washery Grades (W-II to W-VI) and HVMC Washery Grades (W-I to W-VI) for non-regulated Sector only. The basic prices of different grades have been increased by approximately 0.1% to 14% over the existing prices," the filing said.

The proposed venture would make and assemble AI racks, servers, storage and networking equipment, alongside power distribution systems, liquid-cooling equipment and transformers.

It is envisaged as a multi-gigawatt manufacturing platform serving Indian and global customers, including hyperscalers and data centre operators.

The agreement remains subject to definitive contracts, regulatory approvals and customary conditions, the companies said in a statement.

The company posted a net profit of ₹35.17 crore a year ago, according to a regulatory filing by Den Networks, owned by Reliance Industries Group.

Den's revenue from operations slipped 3.67% to ₹232.55 crore in the September quarter of FY27. It was ₹241.42 crore in the year-ago period.

Total expenses of Den Networks fell 1.8% to ₹241.53 crore in the second quarter of FY26.

Aegis will acquire the said firm from Agility Tristar Holdings Limited, Gulf Investment Corporation and Diamond Holdings Limited for an equity consideration of US$809 million, including contingent consideration and interest on deferred consideration.

Established in 1998, Tristar is an integrated liquid logistics solutions provider offering end-to-end services across maritime logistics, road transportation, fuel tank storage, fuel distribution and aviation fuelling. Incorporated in Dubai, the company has operations in more than 30 countries.

For the financial year ended December 31, 2025, Tristar reported consolidated revenue of approximately US$1.4 billion, EBITDA of US$257 million and net profit of US$82 million.

Den Networks' total income rose marginally to ₹293.28 crore in the September quarter.

In a statement on Tuesday, the company said projects have been secured through the e-tender process.

Letter of Award (LOA) has been received from NHAI for engaging as a user fee agency at Kannoli Fee Plaza and Harval Fee Plaza in Karnataka for ₹49.49 crore.

Another LoA is for engaging as a user fee agency at Gaddurur (Nangli) Fee Plaza in Karnataka.

The orders also include maintenance of building infrastructure adjacent to the toll plazas.

Hazoor Multi Projects (HMPL) is in renewable energy and building road projects on an engineering, procurement and construction (EPC) basis.

The coaches, comprising seven variants, are being manufactured by Rail Coach Factory (RCF), Kapurthala, Punjab.

The first rake, dispatched on October 12, 2026, comprises 11 non-AC shovan chair cars, three AC chair cars, two AC sleeper cars, and two AC power cars equipped with a guard room and luggage space, it said.

The company said it has supplied over 280 locomotives and more than 1,085 coaches & diesel multiple unit (DMU) trainsets.

A navratna public sector enterprise, RITES has undertaken projects in over 55 countries in Asia, Africa, Latin America, South America, and West Asia.

The private insurance firm had posted a PAT of ₹299.26 crore in the year-ago period.

The company's net premium income rose 16.5% to ₹13,804 crore in the July-September quarter against ₹11,843 crore a year ago, ICICI Life Insurance said in a stock exchange filing.

Its total income declined to ₹11,742 crore in the quarter under review from ₹12,015 crore in the year-ago period.

Further, the company has been renamed 'ICICI Life Insurance Ltd', marking a key milestone in its 25-year journey.

ICICI Life Insurance's solvency ratio stood at 229.9% as of September 30. Its assets under management stood at ₹3.29 lakh crore as of September 30, 2026.