Stocks to watch, Oct 15: IDBI Bank, RIL, Nestle India, Jio Financial Services, Tech Mahindra, Wipro, South Indian Bank, IRFC

The domestic stock market is expected to open lower on Thursday, October 15. The GIFT NIFTY futures suggest that the NIFTY50 index will open 36 points lower.

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

The company has set a price band of ₹1,065 to ₹1,119 per share for its IPO that could raise about ₹30,213 crore at the top of the range, making it India's largest..

The shares are expected to list on October 28.

The issue includes two reserved portions - up to ₹500 crore for eligible JPL employees and up to ₹2,500 crore for eligible Reliance shareholders, according to the filing.

Besides, Reliance Consumer Products Ltd (RCPL) has entered the ready-to-drink dairy market with the launch of the brand 'Joyland' as part of its expansion in the dairy market.

The company has launched Joyland flavoured milk in Tamil Nadu with flavours such as strawberry and vanilla, according to a statement from the FMCG arm of Reliance Industries Ltd (RIL).

The development comes a month after RCPL announced its entry into India's ice cream market with Bombay Creamery.

“The launch extends RCPL’s total beverage portfolio, reinforcing its commitment to bringing world-class products to consumers at accessible prices,” it said.

Reliance Consumer Products Limited (RCPL) is the fast-moving consumer goods (FMCG) arm and subsidiary of Reliance Retail Ventures Limited (RRVL), operating under Reliance Industries Limited (RIL).

The board, in a meeting held on Monday, has considered and approved to issue of bonus shares to the equity shareholders "in the ratio of 5 new fully paid-up equity shares of ₹10 each for every 1 (one) existing fully paid-up equity share of ₹10".

Besides, the board has also approved an "increase of authorised share capital from ₹20 crore...to ₹117 crore", through amendment to the Capital Clause of the Memorandum of Association of the company, CKK Retail informed in its regulatory filing.

These changes are subject to the approval of the shareholders.

Although the company has raised prices in the last two quarters, it could not fully offset inflation in major raw materials such as rubber and petroleum-based items. This was reflected in its second-quarter earnings, where profit plunged nearly 40%, and margins fell into single digits.

"The price increase has been massive, though inadequate. We still have to cover; we still have to increase prices in the replacement category. OEM pricing will come in through indexing. And international business pricing also has to increase,” Banerjee told PTI.

In a regulatory filing, the company said GARL was incorporated on October 13 with an initial subscribed and paid-up share capital of ₹1 crore.

GARL would engage in "carrying out any real estate, land development and other related opportunities that may come up from time to time," and is yet to commence business operations, the filing said.

The subscription to the Memorandum of Association of GARL by the company is not a related-party transaction. Promoter/promoter group/group companies of the company do not hold any interest in the said transaction other than any direct/indirect shareholding, as per the filing.

The company posted a net profit of ₹18.25 crore in the July-September period a year ago, according to a regulatory filing from Hathway Cable, a firm owned by Reliance Industries Group.

Revenue from operations went up 5.74% to ₹567.51 crore in the September quarter of FY27. It was ₹536.67 crore in the corresponding period a year ago.

Hathway's revenue from its cable TV business was at ₹409.56 crore in the second quarter of FY27, up 8.1% year-on-year.

The company reported a net profit of ₹42.28 crore for the July-September quarter a year ago, according to a regulatory filing from Bajaj Consumer Care, part of the Bajaj Group of companies.

Its revenue from the sale of goods jumped 27.26% to ₹332.69 crore in the September quarter of FY27. It was ₹261.40 crore in the year-ago period.

"This growth was delivered on the back of robust double-digit unit volume growth," the company said in its earnings presentation.

Its total expenses increased 14.87% to ₹254.67 crore in the second quarter of FY27.

The insurer had earned a net profit of ₹820 crore in the year-ago period.

Total income in the quarter rose to ₹7,844 crore from ₹6,583 crore logged in the year-ago period, ICICI Lombard said in a regulatory filing.

The company's written gross premium also rose to ₹7,702 crore from ₹7,059 crore a year ago. Net premium earned was higher at ₹6,214 crore as compared to ₹5,313 crore.

Total expenditure during the period under review increased to ₹6,970 crore from ₹5,830 crore a year ago.

In its 77-page confirmatory order, the Securities and Exchange Board of India (SEBI) also directed the company and Mehta to continue cooperating with the ongoing investigation and provide all documents, information and explanations sought by the regulator.

The regulator also directed the newly appointed forensic auditor to complete its work expeditiously and asked the investigating authority to conclude the investigation at the earliest.

The company had posted a net profit of ₹165.5 crore in the year-ago period.

During the quarter under review, revenue from operations increased to ₹1,698.8 crore from ₹1,323.33 crore seen in July-September FY26, a regulatory filing said. Total expenses also shot up to ₹1,499.66 crore from ₹1,150.97 crore.

The Cabinet Committee on Economic Affairs approved Fairfax subsidiary M/s 10955230 Canada Inc as the strategic buyer for the government's 30.48% stake (for about ₹26,620 crore) and state-run Life Insurance Corporation of India's (LIC) 30.24% stake (for about ₹26,440 crore).

The central agency said in a statement that the seized assets include RPL's bank balances and its shareholding in Sasan Power Limited.

The seizure order worth ₹2,032.81 crore was issued on October 12 under section 37A of the Foreign Exchange Management Act (FEMA).

The financial services entity had earned a PAT of ₹581 crore in the year-ago period.

Its net interest income (NII) rose 15.6% to ₹2,534 crore in the July-September quarter of FY27, up from ₹2,192 crore in the corresponding quarter of the previous fiscal year, the firm said in a stock exchange filing.

HDB Financial Services' total income rose 12% to ₹3,188 crore for the quarter under review from ₹2,851 crore in the year-ago period.