Stocks to watch, Oct 23: eMudhra, Swiggy, Infosys, Coforge, Nuvoco Vistas, BlueStone Jewellery, Mastek, Sagility

The domestic stock market is expected to open with a gap-up on Friday, October 23. The GIFT NIFTY futures suggest that the NIFTY50 index will open 109 points higher.

V. Srinivasan, Chairman, eMudhra Limited, referred to the recent incident relating to its global SSL/TLS certificate and indicated that eMudhra handled the recent incident diligently, revoking the affected CAs within 14 hours of discovery and disclosing promptly.

"There were no end entity certificates issued out of the affected CA’s. Its infrastructure was not compromised; no data was breached. All physical and logical security controls remained intact," the press release added.

However, sequentially, the company’s loss expanded from ₹791 crore in the first quarter of FY27, according to a regulatory filing.

Its profit after tax (PAT) was ₹38.3 crore in the second quarter of the preceding 2025-26 financial year, the company said in a statement.

During July-September FY27, the company's revenue increased by 23.9% to ₹1,308.1 crore from ₹1,055.4 crore in the year ago period.

Pranav Bansal, MD & CEO, Bansal Wire Industries said, "We sold 1.29 LT in the quarter, up 12.4% year-on-year and 15.1% over Q1FY27. EBITDA rose to ₹105.03 crore and EBITDA per tonne to ₹8,150.4, both the highest in our history."

The company earned a net profit of ₹36.43 crore a year ago, according to a regulatory filing by Nuvoco Vistas Corp.

Its revenue from operations rose 13.52% to ₹2,789.97 crore in the September quarter. It was ₹2,457.57 crore in the corresponding quarter of the preceding fiscal year.

Nuvoco Vistas' total expenses increased 11.4% to ₹2,684.80 crore in the second quarter of FY27.

Its total income, which includes other income, climbed 13.46% to ₹2,792.80 crore in the September quarter.

Its net loss stood at ₹52.10 crore in the year-ago period.

Total income rose to ₹769.4 crore in the second quarter of this fiscal year from ₹525.28 crore in the corresponding period of the preceding year.

BlueStone Jewellery and Lifestyle Ltd, one of the leading jewellery companies in the country, has 379 stores across 146 cities.

Its profit after tax (PAT) was ₹808 crore in the second quarter of the preceding 2025-26 financial year, the company said in a statement.

"The company reported a resilient operating and financial performance in Q2FY27. The Q2 FY27 net revenue stood at ₹12,874 crore, marking an 18.2% year-on-year (YoY) increase," it said.

EBITDA was reported at ₹1,433 crore, while profit after tax (PAT) rose to ₹898 crore, registering a year-on-year growth of 3.2% and 11.1%, respectively.

The consolidated net debt was at ₹3,121 crore, while the net debt-to-equity ratio was at 0.15x.

Besides, the board approved the amalgamation of Chromeni Steels Ltd, Rabirun Vinimay Pvt Ltd, JSL Super Steel Ltd, and Jindal United Steel Ltd into Jindal Stainless Ltd with the aim of simplifying the Group structure.

The consolidation of wholly owned subsidiaries would optimise utilisation of financial and other resources, improve operational efficiency, reduce administrative and compliance costs, eliminate inter-company transactions and balances, strengthen corporate governance and facilitate better management oversight and decision-making, thereby creating long-term value for all stakeholders.

While lower gold prices could reduce the value of gold collateral held by gold loan lenders, potentially affecting loan-to-value ratios and requiring borrowers to pledge additional gold or make repayments in some cases, the impact will depend on their risk management practices.

For jewellery retailers, the correction could improve affordability and encourage buying, particularly ahead of the wedding season, but sharp price volatility may also prompt customers to defer purchases in anticipation of further declines.

While higher crude prices could support realisations for upstream producers such as ONGC and Oil India, they may increase input costs for oil marketing companies (OMCs) such as IOC, BPCL and HPCL, potentially squeezing marketing margins if higher costs are not passed on to consumers.

For Reliance Industries, the impact will depend on refining margins, petrochemical demand and the movement in crude prices.

Consolidated net profit of ₹3,625.22 crore in July-September - the second quarter of current 2026-27 fiscal year - compared with ₹3,859.30 crore earning a year back, according to a stock exchange filing by the company.

HPCL had posted a net loss of ₹12,264.67 crore in the preceding April-June quarter.

The company earned a record $32.15 on turning every barrel of crude oil into fuel in the quarter as compared to a gross refining margin of $8.80 a barrel in the same period a year back.

However, the bumper refining margins were wiped away by losses the firm incurred on selling petrol, diesel and cooking gas LPG as retail rates have remained unchanged despite a spurt in benchmark international prices.

The Adani Group firm had posted a net profit of ₹49 crore for the July-September period a year ago, according to a regulatory filing.

Its revenue from operations dropped 12.13% YoY to ₹565 crore in Q2 FY27 compared to ₹643 crore in the year-ago quarter.

Orient Cement’s total expenses stood 8% lower at ₹534 crore in the second quarter of the current fiscal.

Its total income declined 11.75% to ₹578 crore in the period under review.

Orient Cement is being merged into Ambuja Cements, alongside ACC, to build a unified pan-India cement platform under the Adani Group.

The company's net profit was ₹103 crore a year ago, according to a regulatory filing.

Revenue from operations was flat during the quarter under review at ₹858 crore, compared with ₹861 crore in the same period last year.

"Weather-related disruptions and delayed sowing continued to impact market demand during the quarter and season. We remain focused on improving market execution, driving cost efficiencies and strengthening customer engagement to navigate these challenges and enhance business performance," Rallis India said in a statement.

The company, which sells noodles under the Maggi brand in India and other Asian markets, also has ambitious plans to expand the category in Europe and the Americas, its top leadership said during the earnings call for the September quarter of 2026.

Net profit stood at ₹109.54 crore a year earlier, according to a regulatory filing.

Total income rose 19.35% to ₹2,902.49 crore from ₹2,431.85 crore a year earlier.

Expenses climbed to ₹2,749.99 crore from ₹2,284.32 crore.

"Despite the challenging environment faced by the dairy industry, including geopolitical uncertainties, El Niño-related factors and inflation in agricultural input costs, we have continued to stand out in the industry with stronger EBITDA margins," Chairman R G Chandramogan said.

Net profit rose to ₹342 crore from ₹328 crore, marking a 4.3% increase.

Excluding one-offs and exceptional items, net profit grew 5.5% YoY. The company also declared a first interim dividend of ₹24 per share.

Adjusted EBITDA stood at ₹535.3 crore, at 26.3% of revenue, registering a YoY growth of 23.0%. Adjusted profit after tax (PAT) stood at ₹325.4 crore, at 16.0% of revenue, marking a YoY growth of 8.1%.

Basic earnings per share (EPS) stood at ₹0.61, recording a YoY growth of 13.3%, while adjusted basic EPS stood at ₹0.70, registering a YoY growth of 8.1%.

Its PAT has grown more than fivefold over the past five years. Assets under management (AUM) increased 19.5% YoY, while return on assets (ROA) stood at 5.8% and return on equity (ROE) at 23.2%.

The company raised its FY27 guidance for ROA to 5.2–5.8% and ROE to 21–24%.