Stocks To Watch, October 27: Sobha Ltd, IOCL, Mazagon Dock, Adani Energy, LIC, SBI Card, Coforge, Kotak Bank, Bharat Rasayan, NCC

In a conference call with market analysts, Sobha Ltd MD Jagadish Nangineni said the company had an inventory of 10 million sqft in existing projects at the end of the latest September quarter.

Apart from existing inventories, he said the company has a strong launch pipeline for the second half of this fiscal year and beyond.

"Overall, we have a strong residential pipeline of 15.96 million sq ft across 13 projects in nine cities and a commercial pipeline of about 0.74 million sq ft across all our operation cities," Nangineni said.

Reliance will hold 70% of Reliance Enterprise Intelligence Ltd., the company stated in the filing.

Reliance Intelligence, a wholly owned subsidiary of Reliance Industries Ltd, will jointly invest an initial ₹855 crore in the venture with Facebook.

The company’s revenue from operations stood at ₹8,828 crore year-on-year (YoY) for the quarter under review as compared to ₹8,038 crore, marking an increase of 10%, driven by price increases, new launches, and higher volumes.

The drugmaker’s operating profit, or earnings before interest, taxes, depreciation, and amortisation (EBITDA), slipped 3.23% to ₹2,010 crore as against ₹2,077 crore YoY.

In the quarter-ago period, the company had clocked a profit of ₹349 crore, it said in a regulatory filing.

During the quarter under review, its revenue from operations witnessed an 8.05% QoQ growth at ₹3,985.7 crore, compared to ₹3,688.9 crore in the first quarter of the same fiscal year.

The decline in profit was on the back of higher provisions during the quarter. The bank's provisions for bad loans during the quarter jumped by 43% to ₹947 crore from ₹660 crore in the year-ago period.

The Mumbai-based lender's net interest income, or the difference between interest earned on loans and expended on deposits, rose 4.15% to ₹7,311 crore in the July-September period from ₹7,020 crore in the same period last year.

US President Donald Trump on October 22 announced new sanctions against two of Russia's largest oil companies, Rosneft and Lukoil, in a bid to pressure Moscow into ending its war with Ukraine.

As part of these, the US Department of the Treasury's Office of Foreign Assets Control (OFAC) designated a number of Russia-based Rosneft and Lukoil subsidiaries in which they, directly or indirectly, held a 50% or more stake.

The list of subsidiaries thus blocked includes CJSC Vankorneft, in which OVL has a 26% stake, and an Indian consortium comprising Oil India Ltd (OIL), Indian Oil Corporation (IOC), and Bharat PetroResources Ltd, which holds 23.9%. The remaining 50.1% is with Rosneft.

ONGC Videsh Limited is the overseas arm and a wholly-owned subsidiary of Oil and Natural Gas Corporation (ONGC) Limited.

In an investor call, the company's Joint Managing Director and CEO, Sharad Mahendra, also said that trial runs for the green hydrogen project having a capacity of 3,800 tonnes per annum (TPA) at Vijayanagar are near complete, and its commissioning is expected soon.

The company is setting up a battery assembly plant at Pune in Maharashtra with an annual capacity of 5 gigawatt hours (GWh), he said.

This facility is dedicated to supporting Battery Energy Storage Systems (BESS), he said, adding the company expects to operationalise it in the third quarter of FY26.

"It will also enable us to meet domestic content requirements for BESS as and when they are mandated," he said.

The company's board has considered and approved a proposal for raising funds by issue of shares, or convertible securities, including warrants via rights issue, qualified institutional placement, private placement, and/or any other permitted modes under applicable laws for an aggregate consideration of up to ₹1,500 crore, the Bengaluru-based firm said in a regulatory filing.

The electric two-wheeler maker did not disclose the reasons for raising the funds.

The company's subsidiary, Patratu Vidyut Utpadan Nigam Ltd, has successfully completed the trial operation of Unit-1 (800 MW), NTPC said in a regulatory filing.

"Unit-1 (800 MW) of the Patratu Super Thermal Power Project, stage-1 (3x800 MW) of Patratu Vidyut Utpadan Nigam Ltd, has successfully completed the trial operation and consequently been included in the installed capacity of the NTPC Group with effect from October 16," the filing said.

With this, the total installed capacity of the NTPC group has reached 84,849 MW.

The subdivision of shares is meant to boost the liquidity of its scrips and expand the shareholders' base.

In a regulatory filing on Friday, the company informed that the Board has approved the subdivision of the existing 41,55,268 equity shares of face value of ₹10 each, fully paid-up to 83,10,536 shares of the face value of ₹5 each, fully paid-up.

Accordingly, the board approved a consequential amendment to the company's capital clause in the Memorandum of Association.

In a regulatory filing, the company said it has received a letter of acceptance dated October 24 from Central Coalfields Ltd (CCL) regarding this.

The extraction and transportation of overburden and coal will have to be done from the Amrapali open-cast project of CCL in the Chandragupt area of Jharkhand, NCC said in the regulatory filing.

"The Department of Financial Services (in the Union Finance Ministry) or any other body does not have any role in such (investment) decisions," LIC said in a statement posted on X.

India's largest insurer has, over the years, made investment decisions across companies based on fundamentals and detailed due diligence. Its investment value in India's top 500 companies has grown 10-fold since 2014 -- from ₹1.56 lakh crore to ₹15.6 lakh crore -- reflecting strong fund management.

"The investment decisions are taken by LIC independently as per board-approved policies after detailed due diligence," LIC said.

In a regulatory filing on Friday, the company informed that it has received purchase orders aggregating to ₹129.95 crore from Avaada Ventures Pvt Ltd for the design, fabrication, and supply of a pre-engineered steel building for a glass factory at Butibori, Nagpur, Maharashtra.

Recently, the company reported a two-fold jump in consolidated net profit to ₹29.46 crore for the second quarter of this fiscal year, driven by higher income.

In a regulatory filing on Friday, Housing and Urban Development Corporation Ltd (HUDCO) informed that it has signed a Memorandum of Understanding (MoU) with JNPA.

"The purpose of this non-binding MoU is to establish and initiate cooperation for exploring collaboration in existing and upcoming infrastructure development and financing & refinancing of port infrastructure projects at JN port for an estimated amount of ₹5,000 crore," HUDCO added.

In a regulatory filing on Friday, the company informed that its subsidiary Starworth Infrastructure & Construction Ltd has received a letter of award for the "construction of core and shell with finishes works for the proposed residential project 'SBR Global Queen's Ville' for SBR Builders."

The value of the contract is ₹211.53 crore.

According to the bulk deal data on the National Stock Exchange (NSE), Docon Technologies offloaded a little over 53.32 lakh shares, or a 10.06% stake, in the company.

The transaction was valued at around ₹667.69 crore and was executed at an average price of ₹1,252.03 apiece.

The company had reported a PAT of ₹7 crore in the year-ago period.

In a statement, Brigade Hotel Ventures said it has registered a total revenue of ₹130 crore in Q2 FY26, a growth of 20% over Q2 FY25.

Its arm, Waaree Solar Americas, has also secured a solar module supply order of 122 MW in the US from a developer and owner-operator of utility-scale solar and energy storage projects, the company said in an exchange filing.

Waaree Energies has received orders for the supply of 220 MW, 210 MW and 140 MW solar modules from renowned customers engaged in the business of owning, developing and operating renewable power projects in India, it said.

The orders are to be executed over 2025-26 and 2026-27.

The company had a net profit of ₹404 crore in the July-September period of the last fiscal year (FY25).

Total revenue increased by 13% YoY to ₹5,136 crore in Q2 FY26, from ₹4,556 crore seen a year ago.

In a statement, SBI Card said the interest income increased by 9% to ₹2,490 crore in Q2 FY26 from ₹2,290 crore a year ago. Fees and commission income increased by 16% to ₹2,471 crore in the quarter under review.