Stocks to watch, Oct 6: Godrej Consumer Products, Trent, Kotak Mahindra Bank, Axis Bank, Tata Steel, Vedanta

The domestic equity market is expected to open flat on Tuesday, October 6. The GIFT NIFTY futures suggest that the NIFTY50 index will open 8 points higher.

Total deposits rose 23.2% YoY to ₹6.51 lakh crore, while CASA deposits increased 11.3% to ₹2.49 lakh crore. The bank also reported $5.78 billion (around ₹55,344 crore) in FCNR(B) deposits under the RBI’s swap facility.

Total deposits rose 20.7% YoY to ₹14.52 lakh crore, while CASA deposits grew 10.6% to ₹5.30 lakh crore.

The bank also mobilised $10.62 billion (around ₹1.02 lakh crore) in FCNR(B) deposits under the RBI’s swap facility. Excluding loans linked to these FCNR(B) deposits, gross advances grew 18.8% YoY, while deposits rose 17% YoY.

The fall came as Middle East crude exports increased and G7 nations pledged to boost supplies, although ongoing geopolitical tensions and disruption risks in the region limited the decline.

Lower crude prices could offer some relief to oil marketing companies, airlines, paints and other fuel-intensive sectors, while upstream producers could see pressure on realisations.

Revenue from merchandise sales, excluding other operating income, also grew 23% during the quarter.

In a regulatory filing, the company said it will meet on Thursday, October 8, 2026, for this purpose. “…the record date for the purpose of determining the entitlement of the equity shareholders for the said dividend, if declared, is being fixed as Wednesday, October 14, 2026,” Vedanta said in a statement.

The launch covers Riociguat tablets in all five strengths: 0.5 mg, 1 mg, 1.5 mg, 2 mg and 2.5 mg. The product was developed and manufactured by MSN Laboratories and has received approval from the US Food and Drug Administration (USFDA) as a generic equivalent of Adempas tablets, according to the filing on Monday evening.

Riociguat is a soluble guanylate cyclase (sGC) stimulator indicated for the treatment of adults with persistent or recurrent chronic thromboembolic pulmonary hypertension (CTEPH) after surgical treatment, or inoperable CTEPH. It is also indicated for adults with pulmonary arterial hypertension (PAH) to improve exercise capacity, functional class and delay clinical worsening.

The agreement with the hospital and the Assemblies of God of North India to operate the facility will enable Narayana Hrudayalaya to leverage its expertise in healthcare and hospital management to support the long-term sustainability and service capacity, it said in a regulatory filing.

The existing hospital has a built-up area of approximately 63,240.37 sq ft and a capacity of 100 beds, it said.

The agreement does not confer any ownership, lease rights or other interest in the underlying land to Narayana Hrudayalaya, according to the filing.

"At the consolidated level, we expect to deliver another quarter of strong performance, with high-teens revenue growth, high-single-digit underlying volume growth and double-digit EBITDA growth," Godrej Consumer Products Ltd (GCPL) said in its quarter updates.

Its standalone enterprise, which mainly consists of domestic business, is expected to deliver "revenue growth in the teens and high-single-digit underlying volume growth" despite an estimated impact of approximately 100-150 basis points from trade inventory correction.

"This performance is supported by healthy growth across both our Personal Care and Home Care portfolios, reflecting broad-based performance," it said.

The top company official made these remarks on the sidelines of the Indian Foundation for Quality Management (IFQM) Symposium 2026 in the national capital.

"So, we have already announced another 5 million tonne expansion in Neelachal, which is also in Kalinganagar. It is a long products expansion, and we have announced that it is a ₹40,000 crore project," Narendran said in reply to a question on its growth plans.

On July 4, 2022, Tata Steel completed the acquisition of Odisha-based Neelachal Ispat Nigam Ltd (NINL), the first state-owned steel company to be divested by the Narendra Modi-led government, through its erstwhile subsidiary Tata Steel Long Products (TSLP) for ₹12,100 crore.

Real-Time Market volumes rose 10.5% YoY to 16.5 BU, while the Day-Ahead Market average clearing price increased 46% YoY to ₹5.7 per unit.

In September, electricity traded volumes rose 10.4% YoY to 12.2 BU, while the average Day-Ahead Market clearing price more than doubled to ₹7.3 per unit.

It had clocked ₹10.18 crore profit after tax (PAT) during the same quarter a year ago, the company said in a statement.

Steamhouse India is engaged in the generation and distribution of industrial steam through community boilers and pipeline networks.

In its first quarterly result post-listing, the company reported revenue from steam of ₹123.37 crore for Q1 FY27, registering a 46.07% year-on-year (YoY) growth from ₹84.46 crore in Q1 FY26.

The project marks the second major hydropower collaboration between the two partners following the 570 MW Wangchhu Hydroelectric Project agreement signed in September 2025, and forms part of the broader 5,000 MW hydropower development Memorandum of Understanding (MoU) signed between the Adani Group and DGPC in May 2025.