Earnings season continues to drive market action as Titan Consumer businesses surge 25% YoY, lifting the stock. Meanwhile, Ola Electric secures in-principle approval for a ₹1,000 crore rights issue, signaling a major capital push.

Mphasis

• Deal: Secured a £35.4 million contract with Social Security Scotland to maintain its core benefits management platform. The agreement supports approximately 2 million citizens, ensuring continuity for disability and heating assistance benefits. Stock closed at ₹2298.00 in the previous session, up 0.04%.

Apollo Tyres

• Management: CFO Gaurav Kumar resigned effective October 6, citing personal and professional challenges outside the organization. The board approved the resignation on August 6, 2026. Stock closed at ₹401.55 in the previous session, down 0.01%.
• Fund raise: Allotted ₹500 crore in Non-Convertible Debentures via private placement at a 7.81% annual coupon rate. The three-year NCDs are secured by a first pari-passu charge on tangible movable fixed assets.

Om Power Transmission

• Order Book: Received a Letter of Intent worth ₹69.19 crore from GETCO for the 220KV Prantij-Jantral Line Package 2 project. GETCO is Gujarat's state power transmission utility. Stock closed at ₹153.50 in the previous session, up 0.95%.
• Corporate action: All resolutions passed at the 15th AGM, including the re-appointment of auditors and director Kalpesh Dhanjibhai Patel with near-unanimous support.

Granules India

• Guidance: Plans to invest ₹2,000 crore in organic growth over the next 3-4 years. The peptide CDMO division targets $50 million in revenue within three years, scaling to $100 million within five years.

Utkarsh Small Finance Bank

• Earnings: Q2FY27 total disbursements rose 54.9% YoY to ₹3,525 crore, driven by a 94.2% surge in non-JLG loans. CASA ratio improved to 21.5%, while LCR stood at 176%. Stock closed at ₹13.52 in the previous session, up 2.27%.
• Asset Quality: Approved the sale of a stressed unsecured loan pool with principal outstanding of ₹75.16 crore for ₹15.50 crore to an NBFC.

Titan

• Earnings: Consumer businesses grew c.25% YoY in Q2FY27, with international operations surging 97% YoY including Damas consolidation. Net store additions stood at 78, taking the total to 3,758. Stock closed at ₹4550.00 in the previous session, down 0.66%.
• Product launch: The automatic-watch business is projected to reach ₹350-400 crore this fiscal, up from ₹265 crore last year, reflecting growing demand for mechanical watches.
• Trading Activity: Approximately 77,156 shares were flagged in a large-trade signal on NSE, changing hands at ₹4570.10 per share for a combined value of ₹35.26 crore.

Blue Dart Express

• Regulatory: Blue Dart Aviation received a GST show cause notice for ₹27.1 crore regarding FY23-FY24 scrutiny. Allegations involve excess ITC availment and short tax payment. Stock closed at ₹4562.80 in the previous session, up 1.07%.
• Pricing: Will increase domestic service prices by 9-12% effective January 1, 2027, to cover rising labour and utility costs. New customers signing up between October and December 2026 are exempt.

Pace Digitek

• Order Book: Order book expanded to over ₹11,000 crore in FY26 from ₹7,634 crore in FY25, with the energy segment accounting for 88.7% of post-listing inflows. Stock closed at ₹166.28 in the previous session, up 1.37%.
• Compliance: Trading window closed for designated persons starting October 1 ahead of Q2FY27 results announcement, per SEBI insider trading regulations.

Glass Wall Systems

• Earnings: Q1FY27 revenue rose 35.8% YoY to ₹107 crore, but EBITDA margin contracted to 21.1% from 27.8%. Net profit declined to ₹16 crore. Stock closed at ₹275.75 in the previous session, up 8.26%.

Sharvaya Metals

• Capex: Commissioned a 10-inch aluminium extrusion press at Ahilyanagar facility on October 5, completing an integrated value chain for Defence, Aerospace, and EV sectors. Stock closed at ₹144.00 in the previous session, up 2.09%.

Ola Electric Mobility

• Fund raise: Received in-principle approval for a rights issue up to ₹1,000 crore. Board meeting scheduled for October 7 to determine price and ratio. Stock closed at ₹35.96 in the previous session, down 1.96%.
• Management: Appointed Deepa Bansal as Company Secretary and Compliance Officer effective September 28. She brings over 11 years of experience in corporate secretarial functions.
• Corporate action: Passed all AGM resolutions, including fund raise approval with 99.99% votes in favour.

Mahindra Lifespaces Developers

• Project Launch: Launched Mahindra Rivenza in Pune with ~₹3,500 crore GDV, comprising 1,236 residential units. Registered with MahaRERA with approvals received October 1. Stock closed at ₹352.20 in the previous session, up 0.31%.
• Expansion: Added three redevelopment societies in Mumbai with potential GDV of ₹1,500 crore, strengthening its residential portfolio in established MMR locations.

Kanohar Electricals

• Earnings: Q1FY27 net profit surged 140% YoY to ₹27.3 crore, with revenue more than doubling to ₹137.1 crore. EBITDA margin expanded 550 bps to 28.3%. Stock closed at ₹942.50 in the previous session, down 7.62%.
• Order Book: Secured a ₹250 crore order from a public sector entity for the supply of 400kV power transformers. Outstanding order book stands at ₹2,026 crore.
• Guidance: Targets around ₹950 crore revenue in FY27, aiming to maintain EBITDA margins consistent with FY26 levels.

Bottom Line

Consumer discretionary strength is evident with Titan’s robust store expansion and international growth, contrasting with regulatory headwinds for Blue Dart. Capital-intensive sectors like power transmission and electricals show strong order inflows, while Ola Electric’s capital raise highlights the ongoing funding needs in EV mobility.