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  1. Stocks to watch, Oct 21: PC Jeweller, RIL, Bajaj Finance, Schaeffler India, oil-sensitives, IHCL, SRF, HZL

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Stocks to watch, Oct 21: PC Jeweller, RIL, Bajaj Finance, Schaeffler India, oil-sensitives, IHCL, SRF, HZL

Swati Verma

8 min read | Updated on October 21, 2026, 08:13 IST

SUMMARY

Shares of oil marketing companies (OMCs), aviation companies and paint manufacturers will be in focus on Wednesday as crude oil prices remain elevated amid concerns over supply disruptions in the Middle East and risks to shipping through the region.

stocks-to-watch-today-October-21-2026

The GIFT NIFTY futures suggest that the NIFTY50 index will open 122 points higher.

The domestic equity market is expected to open with a gap-up on Wednesday, October 21, after a trading holiday on Tuesday. The GIFT NIFTY futures suggest that the NIFTY50 index will open 122 points higher.

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Here is a list of stocks that may remain in focus today.
Earnings today: According to the BSE list, 40 companies are slated to announce their September quarter (Q2 FY27) numbers on Wednesday, October 21. The list includes Indian Hotels Company, Eternal, Adani Green Energy Limited, SRF, PC Jeweller, Mahindra and Mahindra Financial Services, Vishal Mega Mart, Indosolar, and KEI Industries, among others.
Oil-sensitive stocks: Shares of oil marketing companies (OMCs), aviation companies and paint manufacturers will be in focus on Wednesday as crude oil prices remain elevated amid concerns over supply disruptions in the Middle East and risks to shipping through the region.

Brent crude futures rose 0.78% to $109.64 per barrel, while US West Texas Intermediate (WTI) crude gained 0.78% to $98.58 as of 0022 GMT. Prices edged higher after Iran's Revolutionary Guards Navy reported that a supertanker had caught fire after striking a sea mine south of the Strait of Hormuz.

Sustained high crude prices could increase input costs for sectors such as aviation, paints and oil marketing, while also raising concerns over fuel inflation and marketing margins for OMCs, depending on the extent to which higher costs are passed on to consumers.

Schaeffler India: Shares of Schaeffler India will be in focus after the company disclosed that its Managing Director and CEO, Harsha Gopal Kadam, was taken into custody by the Talegaon MIDC Police on October 19 in connection with an investigation into a fatal accident at its Talegaon factory in Pune on June 9, 2026.

The incident resulted in the deaths of two employees of a service provider. The development raises questions around leadership continuity and potential legal implications, which investors will track.

Bajaj Finance: The company on Monday reported a 29% increase in consolidated net profit at ₹6,367 crore for the second quarter ended September 2026 (Q2 FY27) on the back of improvement in interest income.

The non-banking financial company had posted a net profit of ₹4,948 crore in the September quarter a year ago.

Total consolidated income increased to ₹24,576 crore from ₹19,992 crore, BFL said in a regulatory filing.

Net interest income (NII) rose 24% to ₹13,335 crore as compared to ₹10,785 crore in the second quarter of FY26.

The Pune-headquartered company's total expenditure climbed to ₹16,042 crore from ₹13,388 crore in the year-ago period.

Asset quality of the company improved, with gross non-performing assets declining to 1.06% of gross loans by the end of September 2026 from 1.24% a year ago. Similarly, net NPAs, or bad loans, eased to 0.42% from 0.6%.

Reliance Industries (RIL): India's biggest IPO by Jio Platforms is set to open for subscription today. Jio Platforms is the tech and digital arm of RIL. Jio Platforms is seeking to raise about ₹30,213 crore through a fresh issue of up to 27 crore shares, at a price band of ₹1,065 to ₹1,119 apiece. The offering values the company at around $108 billion, according to the offer documents.

The IPO will close on October 23.

Hindustan Zinc (HZL): Vedanta group firm Hindustan Zinc (HZL) Ltd on Monday reported a 142% rise in consolidated net profit to ₹6,412 crore for the quarter ended September 30, 2026 (Q2 FY27), driven by higher metal prices, increased production and a stronger dollar.

The company had posted a net profit of ₹2,649 crore in the year-ago period, Hindustan Zinc said in a filing to the BSE.

Its total revenue from operations increased 76.5% in Q2 FY27 to ₹15,093 crore from ₹8,549 crore in the year-ago period.

"Revenue from operations stood at ₹15,093 crore during the quarter, up 77% YoY, driven by higher metal prices, increased metal production, higher by-product realisation and a stronger dollar."

The company's EBITDA stood at ₹9,285 crore during the quarter, up 108% YoY.

Sobha Ltd: Realty firm Sobha Ltd on Monday reported a 55% decline in its consolidated net profit to ₹32.95 crore for the quarter ended September (Q2 FY27), impacted by lower income.

Its net profit stood at ₹72.52 crore in the year-ago period.

Total income fell to ₹1,017.21 crore in the second quarter of the current fiscal from ₹1,469.32 crore in the corresponding period of the preceding financial year, according to a regulatory filing.

During the first six months of FY27, Sobha Ltd's net profit fell to ₹83.80 crore from ₹86.14 crore in the year-ago period.

Total income dropped marginally to ₹2,347.38 crore in the first six months of this fiscal from ₹2,370.73 crore in the corresponding period of the preceding financial year.

Jagadish Nangineni, Managing Director of Sobha, said, "Our H1 FY27 (April-September) performance, marked by record sales, reflects the continued trust of our customers, the strength of the Sobha brand and the successful execution of our business strategy."

Prestige Estates: Realty firm Prestige Estates Projects Ltd will launch residential properties worth ₹40,000 crore in the second half of this fiscal year, a 2.5 times jump from the April-September period, as it looks to encash festive demand.

In its latest operational update, Bengaluru-based Prestige Estates informed that residential launches for April-September of the 2026-27 fiscal year aggregated 23.14 million square feet with a revenue potential of over ₹16,200 crore.

"We have a substantial launch pipeline of over ₹40,000 crore planned across Bengaluru, Mumbai, Delhi-NCR, Chennai, and Hyderabad over the next two quarters," Prestige Estates Chairman Irfan Razack said.

The launch pipeline would help the company to carry the sales momentum forward, the chairman added.

Just Dial: Just Dial Ltd, a leading local search engine, has reported a decline of 9.73 per cent in its consolidated net profit to Rs 107.8 crore in the September quarter of FY27, on a year-on-year basis.

It had posted a net profit of Rs 119.44 crore in the July-September quarter a year ago, according to a regulatory filing.

However, Just Dial's revenue from operations was up 13.11% in the September quarter at ₹342.82 crore (Q2 FY27), compared to ₹303.07 crore in the corresponding quarter a year ago.

Just Dial's total expenses stood at ₹262.81 crore, up 14.6% YoY in the September quarter.

The company, owned by Reliance Retail Ventures, the retail arm of billionaire Mukesh Ambani-led Reliance Industries Ltd, reported a 5.6% rise in total income to ₹397.38 crore in the second quarter of FY27.

Indian Renewable Energy Development Agency (IREDA): State-owned IREDA has posted a marginal rise in its standalone net profit to ₹554 crore for the September quarter, the company said on Monday.

It earned a net profit of ₹549 crore in the second quarter of the preceding financial year, the company said.

In July-September, the company's revenue from operations rose 14% to ₹2,345 crore from ₹2,057 crore a year ago.

Loan disbursement increased 31% to ₹10,579 crore against ₹8,062 crore seen in the year-ago quarter.

Loan book grew 15% to ₹97,411 crore from ₹84,477 crore in Q2 FY26.

The company's net worth grew 11% to ₹14,337 crore during the quarter compared to ₹12,920 crore a year earlier.

Piramal Finance: Non-bank lender Piramal Finance on Monday reported a 67% jump in net profit to ₹545 crore for the September quarter, helped by core income growth and improvements in costs.

The company's core net interest income (NII) grew 35% to ₹1,530 crore due to a 24% growth in assets under management (AUM) and a 0.35% expansion in net income margin to 6.5 per cent.

The cost-to-income ratio improved sharply to 52.1% during the reporting quarter from 61.2%, helping the bottom line.

Stressing that the company is uniquely positioned in the NBFC universe, as it does not see a threat to margins amid the rising interest rate environment, its Managing Director and Chief Executive Jairam Sridharan exuded confidence that it will be able to expand NIMs by up to 0.20% over the next year.

UltraTech Cement: India's largest cement maker has commissioned its ₹2,650 crore Petnikota Cement Works in Andhra Pradesh's Nandyal district, completing the project in 14 months from groundbreaking, state minister Nara Lokesh said.

The integrated cement plant, located in Petnikota village in Kolimigundla mandal in the Rayalaseema region, has a clinkerisation capacity of 3.3 million tonnes a year and cement dispatch capacity of 3.6 million tonnes a year.

Construction began in May 2025. The facility is expected to provide direct employment to 650 people and indirect employment to another 2,000, taking the total number of jobs associated with the project to 2,650.

Waaree Renewable Technologies: Waaree Renewable Technologies on Monday reported over 29% year-on-year (YoY) decline in consolidated net profit to ₹81.48 crore in the September quarter of the current fiscal year, primarily due to higher expenses.

The company’s net profit stood at ₹116.36 crore in the quarter ended on September 30, 2025, an exchange filing showed.

Total expenses rose to ₹961.66 crore in the quarter from ₹622.63 crore in the same period a year ago.

Revenue from operations increased to ₹1,057.84 crore in the quarter under review from ₹774.78 crore a year ago.

The company has a consolidated unexecuted order book of over ₹5,500 crore.

Its bidding pipeline remains strong for solar of over 34.6 GWp, BESS of more than 12.5 GWh and T&D of over ₹21.9k crore.

With inputs from PTI
Disclaimer: This article is purely for informational purposes and should not be considered investment advice from Upstox. Please consult with a financial advisor before making any investment decisions.

About The Author

Swati Verma
Swati Verma is a business journalist with 12 years of experience. She writes on equities, corporate earnings, sectoral trends, and industry outlook, among others. At Upstox, she leads financial markets coverage.

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