Earnings

Street to track results from Swiggy, Havells, Colgate-Palmolive, Adani Total Gas, HPCL, Nippon Life AMC and J&K Bank amid a busy earnings day.

InterGlobe Aviation’s board will review September-quarter earnings on October 29; the company has yet to disclose the results announcement time or dividend plans.

Cyient's net profit rose 16.6% to Rs 121 crore in the quarter from Rs 104 crore crore in the previous quarter.

Stock Market Highlights: Among sectors, Nifty FMCG, Nifty IT, Nifty Media, Nifty Metals, Nifty Auto and Nifty Oil & Gas fell the most, while minor gains were seen in Nifty Pharma and Nifty PSU Bank indices.

The company posted a bottom-line of Rs 2,271 crore, sharply higher from Rs 1,017 crore in the preceding quarter.

Revenue from cables rises 48% year-on-year to Rs 3,000 crore, while Lloyd Consumer revenue grows 28% to Rs 615 crore. EBITDA margin contracts to 9% from 9.3%.

The company had posted a loss of Rs 12.8 crore in the year-ago period.

Net interest income increases 5% year-on-year, while other income doubles and provisions decline from a year earlier.

ICICI Securities is constructive on Dark.AI' given Eternal's strong capital deployment track record.

Goldman's call marks another bearish assessment of Mazagon Dock in October and a rare Sell rating on Garden Reach, as the brokerage warns of an earnings downturn and uncertainty over fresh orders.

Continued improvement in flows and market share recovery remain key earnings drivers, adds the brokerage.

Eternal's Q2 revenue rose 77.6% year on year, while net profit increased 92.3%, although both profit and EBITDA missed estimates. Brokerages highlighted faster Blinkit expansion and improving mature-market economics, while flagging food delivery margin pressures and valuation concerns.

SRF Ltd.'s net profit for the second quarter of fiscal year 2027 jumped 31.2% year-on-year, according to an exchange filing on Wednesday. The company posted a consolidated bottom-line of Rs 509 crore, compared to Rs 388 crore in the year-ago period.

HDFC Securities has maintained its positive stance on all the three stocks, even as the brokerage revised its target prices for two of the three stocks.

Eternal's food delivery business is stable, while Blinkit continues to offer a long runway to participate in the structural shift in retail, grocery, and e-commerce.

IBM's infrastructure unit, which includes mainframe servers, expanded 4% to $3.7 billion.

Tesla had been consistently short of the pace needed to hit its spending goal, particularly after a $4.73 billion outlay in the third quarter.

During its quarterly earnings report Wednesday, the social-media giant boosted its capital spending plans for the year and announced a new class of nonvoting stock that could ultimately be used to help pay for acquisitions and other expenses.

Asian shares declined as mixed results from major US technology companies clouded the outlook for AI stocks. Brent crude approached $110 a barrel after attacks in Saudi Arabia heightened supply concerns, despite rising oil shipments through the Strait of Hormuz.

Mahindra & Mahindra Financial Services expects borrowing costs to rise in the coming quarters as the interest-rate cycle turns, even as quarterly profit jumps 54.8% year on year. The NBFC is counting on diversification to drive its next phase of growth.