IT bellwether Wipro rallies 4.45% ahead of its Q2 earnings review, while defence major Bharat Electronics ticks up on a fresh ₹661 crore order. Mid-cap Transformers & Rectifiers surges on a massive profit jump, and Paytm gains as a regulatory burden eases.

Bharat Electronics

• Order Book: The Defence Ministry signed a ₹661.50 crore contract with BrahMos Aerospace for fire-control systems and launchers for Indian Navy ships. This procurement directly supports the Navy's operational readiness. Stock closed at ₹380.00 in the previous session, up 1.63%.

Transformers & Rectifiers

• Earnings: Consolidated net profit for Q2FY27 skyrocketed 338% year-on-year to ₹75 crore, driven by a 66% revenue jump to ₹709 crore. The company holds a robust order book of ₹7,237 crore. Stock closed at ₹304.00 in the previous session, up 3.12%.

Wipro

• Corporate action: The board is scheduled to meet on October 14-15 to review Q2 financial results. Traders are positioning ahead of this key earnings event. Stock closed at ₹169.00 in the previous session, up 4.45%.

Anand Rathi Share & Stock Brokers

• Earnings: Net profit rose 50% YoY to ₹419 million in Q2FY27, with revenue up 20% to ₹2,732 million. However, EBITDA margin contracted by 421 bps to 36.55%. Stock closed at ₹543.70 in the previous session, down 1.25%.

Den Networks

• Earnings: Net profit increased to ₹365 million from ₹351.6 million YoY, despite revenue falling to ₹2.33 billion. EBITDA margins contracted significantly to 4.30%. Stock closed at ₹27.36 in the previous session, up 7.97%.

One 97 Communications

• Regulatory: A GST demand on subsidiary First Games Technology was reduced to ₹703.66 crore from ₹5,712 crore. The company stated there is no incremental financial impact on consolidated results. Stock closed at ₹1715.00 in the previous session, up 1.48%.

Gujarat State Fertilizers & Chemicals

• Capex: The board approved a 600 MTPD phosphoric acid plant and an 1,800 MTPD sulphuric acid plant at its Sikka unit to ensure raw material self-sufficiency. Stock closed at ₹147.04 in the previous session, down 0.92%.
• Corporate action: The board meeting scheduled for October 12 to approve Q2FY27 results was cancelled. A revised date will be announced per SEBI regulations.

Hero Motors

• Earnings: Net profit surged 117% YoY to ₹102 million, with EBITDA doubling to ₹359 million. Revenue grew 24.6% to ₹3.19 billion. Stock closed at ₹155.19 in the previous session, down 0.33%.
• Deal: The board approved the acquisition of 8,039 shares in Hewland Engineering Limited for £0.60 million.

Bottom Line

Market sentiment leans positive with IT and capital goods stocks leading the rally on strong fundamentals and upcoming triggers. Regulatory relief for Paytm and robust order inflows in defence continue to drive sector-specific momentum.