Tata Consultancy Services (TCS) kicked off the Q2 earnings season on Thursday, reporting a 15% year-on-year rise in net profit to ₹13,884 crore, compared with ₹12,075 crore a year ago and ₹13,349 crore in the preceding quarter
The GIFT NIFTY futures suggest that the NIFTY50 index will open 70 points higher. Image: Shutterstock
The domestic equity market is expected to open higher on Friday, October 9. The GIFT NIFTY futures suggest that the NIFTY50 index will open 70 points higher.
Here is a list of stocks that may remain in focus today.
IT stocks: Indian IT stocks, including TCS, Infosys, Wipro and HCLTech, will be in focus after the US suspended eight IT companies from the Permanent Labour Certification Programme (PERM), a key step in the employment-based green-card process. The move could delay green-card applications for foreign employees and add to concerns over staffing flexibility and compliance costs.
However, the suspension does not automatically affect existing H-1B visas or prevent these companies from operating in the US. The direct impact on earnings remains uncertain, but the development could weigh on near-term investor sentiment towards the IT sector.
Earnings today: As many as 11 companies are slated to release their Q2 earnings today. The list includes names such as Anand Rathi Wealth, Can Fin Homes, and Poonawalla Fincorp, among others.
TCS: Tata Consultancy Services (TCS) kicked off the Q2 earnings season on Thursday, reporting a 15% year-on-year rise in net profit to ₹13,884 crore, compared with ₹12,075 crore a year ago and ₹13,349 crore in the preceding quarter.
Revenue from operations rose 11.22% year-on-year to ₹73,188 crore in the July-September quarter, up from ₹65,799 crore a year ago and ₹72,275 crore in the June quarter.
Krithivasan said growth was broad-based and expressed confidence in its continuation, citing the deal pipeline, signings and client conversations.
ITC: ITC Ltd shares will remain on investors’ radar on Friday, October 9, after official data on Thursday’s block deals revealed that GQG Partners sold a 2.91% stake in the FMCG major. BSE data show that the US-based boutique investment firm offloaded 36,50,84,221 ITC shares in 14 tranches through its fund, representing a 2.91% stake in the Kolkata-based company.
Hexaware Technologies: The company on Thursday announced a multi-year partnership with Anthropic. Under the partnership, Hexaware becomes a Preferred Partner in Anthropic’s Claude Partner Network.
The partnership brings Claude to the core of two Hexaware platforms: Zerovity™, its AI-native engineering platform, and AgentVerse™, its agent build and governance platform with more than 600 pre-built agents.
Hexaware will use Claude to deliver outcome-based services across IT operations and software engineering, as enterprise clients increasingly buy results rather than effort.
KEC International: The RPG Group company has secured new orders worth ₹1,030 crore across businesses, including a 400 kV transmission line project in Bhutan, an additional order for a 380 kV transmission line in Saudi Arabia, and the supply of towers, hardware and poles in the Americas.
PC Jeweller: The company said all mortgaged assets have been released and original title deeds returned to the respective holders following the clearance of outstanding debt.
It added that all charges, securities, personal and corporate guarantees, and undertakings provided by the company and its guarantors have also been fully released, completing all formalities related to the debt clearance.
P N Gadgil Jewellers: The company reported 22.4% year-on-year revenue growth in Q2FY27 despite the shift in the Navratri festive period to Q3. Its retail segment grew 31.1%, driven by same-store sales growth of 25.5%, indicating strong organic growth at existing stores. Retail contributed 77.3% of total revenue.
IRB Infrastructure Developers: The IRB Group reported toll revenue of ₹773 crore in September 2026, up around 24% year-on-year compared with September 2025.
NCC Ltd: Shares of infrastructure and construction conglomerate NCC Ltd are expected to be in the spotlight on Friday, October 9, as the company bagged an order worth ₹1,286.03 crore, excluding GST, from Hyderabad Growth Corridor Ltd (HGCL).
The company received a letter of acceptance for the construction of “Radial Road-2 from Outer Ring Road (ORR) near Budwel to Nacharam on NH-167N (Package-1 - Budwel to Shabad), Telangana.
Cochin Shipyard: Shares are expected to be in focus after the state-owned firm on Thursday, October 8, received orders to build over 40 ships from the US, Germany, Norway and other countries.
According to a report by the news agency Press Trust of India (PTI), Shipping Minister Sarbananda Sonowal in an event on Thursday, said the Ministry of Ports, Shipping and Waterways is creating a comfortable ecosystem for shipbuilding.
“Most of the orders we are receiving for shipbuilding are for Cochin Shipyard Limited (CSL) from foreign countries like Germany, America, and Norway. So far, we have received orders for more than 40 ships,” Sonowal said.
JSW Steel: The firm on Thursday, October 8, said its consolidated crude steel production grew 5% year-on-year (YoY) to 7.27 million tonnes for the quarter ended September 30, 2026 (Q2 FY27). Sequentially, it has increased 10%.
Production at the company’s Indian operations rose 5% YoY and 11% quarter-on-quarter (QoQ) to 7.07 million tonnes in the reporting period, compared with the corresponding quarter.
With inputs from PTI
Disclaimer: This article is written purely for informational purposes and should not be considered investment advice from Upstox. Securities mentioned are illustrative and not recommendations. Please consult a financial advisor before making any investment decisions.
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.
