Stocks to watch on October 28: BHEL, Tata Technologies, Bharti Airtel, Sun Pharma, oil-linked stocks, ICICI Bank, and more

On the global front, the yen hit a three-month low on Monday as Japan's ruling party lost its parliamentary majority, while oil tumbled after Israel's weekend strike on Iran bypassed oil or nuclear targets.

Brent crude futures were 4.2% lower and traded as cheaply as $67.80 a barrel after Israel's response to an Iranian missile attack focused, so far, on missile factories and other sites near Tehran and not on disrupting energy supplies.

The total income rose to ₹2,180.83 crore during the April-September period of the 2024-25 fiscal from ₹1,476.42 crore in the corresponding period of the preceding year. 

Meanwhile, DLF MD said on Saturday that they are expecting ₹26,000 crore in revenue from its new super-luxury project in Gurugram at the current selling price, and the sales numbers may rise further due to high demand. 

The carrier had a profit of ₹188.9 crore in the year-ago period, according to a release.

IndiGo CEO Pieter Elbers said the airline's growth and expansion continued as the topline grew by 14.6% on a year-on-year basis in the September quarter to ₹17,800 crore.

"In a traditionally weaker second quarter, results were further impacted by headwinds related to groundings and fuel costs. We have turned the corner as the number of grounded aircraft and associated costs have started reducing," he said.

The total income increased to ₹47,714 crore during the quarter under review against ₹40,697 crore in the same quarter last year. 

The bank reported an interest income of ₹40,537 crore during the quarter compared to ₹34,920 crore in the year-ago period.

The net interest income (NII) improved by 9.5% to ₹20,048 crore from ₹18,308 crore in the second quarter of the previous year.

On the asset quality front, the bank witnessed improvement with gross non-performing assets (NPAs) declining to 1.97% of the gross loans by the end of September 2024 against 2.48% a year ago.

The core net interest income increased 14.3% to ₹2,200 crore for the reporting quarter on the back of 12.4% growth in overall advances and the net interest margin inching up to 2.4%.

The non-interest income grew 16.3% to ₹1,407 crore during the quarter. The overall deposits came at 18%, bucking an industry-wide trend of it falling short of credit growth.

Total income rose to ₹6,095 crore in the quarter under review, from ₹5,032 crore in the same period a year ago. 

The interest income of the bank rose to ₹5,500 crore in the July-September quarter, from ₹4,492 crore in the September quarter of 2023.

The bank's asset quality witnessed improvement, with gross non-performing assets (NPAs) falling to 4.68% of gross advances at the end of the September quarter of 2024, as against 7.32% a year ago.

The consolidated income of the PSU in the July-September period dropped to ₹32,177.92 crore, over ₹34,760.30 crore in the second quarter of the previous fiscal.

The total income decreased to ₹39,837 crore in the second quarter of the current fiscal as against ₹44,821 crore a year ago. 

JSW Steel's expenses were lower at ₹38,644 crore in the quarter under review against ₹40,801 crore in the year-ago quarter.