Stocks to Watch Today, October 8, 2026: Fino Payments Bank, Jubilant FoodWorks, Allcargo Terminals, Senco Gold and Rathi Steel & Power
- Om Power Transmission surges 8% after securing a ₹69.19 crore LOI from GETCO.
- Ola Electric ticks up as it submits Letter of Offer for its ₹1,000 crore rights issue at ₹27.
- Tata Steel slips 1.7% despite a 10% YoY rise in India crude steel production.
- Senco Gold and Jubilant FoodWorks rally on strong revenue growth in Q2 results.

*this image is generated using AI for illustrative purposes only.
Om Power Transmission rallies 8% after bagging a ₹69 crore order from Gujarat’s GETCO, while Ola Electric ticks up as it locks in its ₹1,000 crore rights issue at ₹27. Tata Steel slips 1.7% despite strong domestic output.
Fino Payments Bank
- Earnings: Loan referral disbursals surged 223% YoY to ₹278 crore, though transaction throughput declined 10% YoY to ₹3,469 crore. Stock closed at ₹128.76 in the previous session, up 0.37%.
- Management: Board extended interim CFO Anup Agarwal’s tenure by three months effective October 6, 2026.
- Corporate action: Shareholders approved FY26 financials with 99.02% votes in favour during the AGM.
Jubilant FoodWorks
- Earnings: Consolidated revenue rose 11.9% YoY to ₹2,608.7 crore in Q2FY27, driven by a 4.1% like-for-like growth at Domino's India. Stock closed at ₹460.60 in the previous session, up 2.41%.
Allcargo Terminals
- Operations: Total volumes fell 7% YoY to 61.8 '000 TEUs in September 2026, marking a 6% MoM decline from August levels. Stock closed at ₹25.67 in the previous session, up 3.89%.
Senco Gold
- Earnings: Revenue jumped 31% YoY in Q2, reflecting robust demand for jewellery products during the quarter. Stock closed at ₹320.60 in the previous session, up 0.58%.
Rathi Steel & Power
- Earnings: Revenue exceeded ₹200 crore in Q2FY27, rising over 30% YoY, with sales volume up 28.86% to 32,028 MT. Stock closed at ₹20.49 in the previous session, down 1.54%.
- Regulatory: Board approved reclassifying DBG Leasing from Promoter to Public category following its loss of control via insolvency proceedings.
Ola Electric Mobility
- Fund raise: Submitted Letter of Offer for a ₹1,000 crore rights issue at ₹27 per share, offering a ~26% discount to market price. Stock closed at ₹36.32 in the previous session, up 1.00%.
- Management: Appointed Deepa Bansal as Company Secretary and Compliance Officer effective September 28, 2026.
Om Power Transmission
- Order Book: Secured a Letter of Intent worth ₹69.19 crore from GETCO for the 220KV Prantij-Jantral Line Package 2 project. Stock closed at ₹165.75 in the previous session, up 7.98%.
- Corporate action: All resolutions passed at the 15th AGM, including the re-appointment of auditors and director Kalpesh Dhanjibhai Patel.
Polyplex Corporation
- Capex: Subsidiary Polyplex (Thailand) is adding 12,000 MT/year capacity for $15.2 million, targeting completion in Q4 FY27-28. Stock closed at ₹1,023.30 in the previous session, down 1.06%.
- Deal: Approved final sale consideration of ₹7,348.83 lakh for acquiring a 51% stake in PDPL, including post-closing adjustments.
Sudarshan Chemical Industries
- Regulatory: Maharashtra GST search concluded peacefully with no major impact on operations reported by the company. Stock closed at ₹1,226.60 in the previous session, down 0.97%.
- Deal: Completed acquisition of a 15.89% stake in Sudarshan Colorants India for ₹150.76 crore from its wholly owned subsidiary.
Tata Steel
- Earnings: India crude steel production rose 10% YoY to 6.21 million tonnes in Q2FY27, but European deliveries declined significantly. Stock closed at ₹175.64 in the previous session, down 1.71%.
- Regulatory: NCLT Mumbai approved the amalgamation of Rujuvalika Investments into Tata Steel, effective from April 1, 2023.
- Fund raise: Infused $340 million into T Steel Holdings Pte. Ltd by subscribing to equity shares, part of a broader $2 billion infusion plan.
Bottom Line
Small-cap order wins are driving specific stock rallies, notably Om Power’s 8% jump, while large-caps like Tata Steel face pressure despite operational growth. The market remains selective, rewarding tangible order books and strategic fund raises over mixed earnings reports.
How might Ola Electric's significant rights issue discount impact its future share price volatility and dilution concerns among existing shareholders?
Will Tata Steel's continued European delivery declines necessitate further capital infusions or strategic divestitures in its overseas assets?
Can Senco Gold sustain its 31% revenue growth momentum given potential fluctuations in global gold prices and festive season demand?














