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Jio Platforms IPO GMP climbed to ₹225 on October 16 ahead of the expected October 21 subscription opening. Check the latest GMP trend and estimated listing price.

Sensex fell 876 points to 73,852.90 and Nifty declined 1.11% to 22,888.95 on October 19, 2026. Banking and IT stocks led losses amid earnings concerns, elevated crude oil prices and foreign investor outflows.

Axis Bank shares dropped as much as 5% after Q2 FY27 net profit rose 38% to ₹7,003 crore. An earnings miss, lower reported NIM, muted fee income and funding concerns weighed on sentiment.

Jio Platforms IPO GMP climbed to ₹225 on October 16 ahead of the expected October 21 subscription opening. Check the latest GMP trend and estimated listing price.

Jio Platforms IPO GMP rose to ₹252 on October 19, indicating an estimated listing price of ₹1,371 at the upper issue price of ₹1,119. The premium has gained ₹104 since October 4.

Jio Platforms' ₹8,110 crore anchor book has reportedly attracted over ₹2.5 lakh crore in institutional bids ahead of its ₹30,213 crore IPO, scheduled to open on October 21, 2026.

Zetwerk IPO GMP declined to ₹4 on October 19, implying a listing price of ₹155 against the upper issue price of ₹151. The latest update shows subscription at 0.48x.

HFCL reported a 448% year-on-year surge in Q2 FY27 net profit to ₹394 crore, while revenue increased 144% to ₹2,542 crore. With an order book exceeding ₹28,900 crore, the company expects FY27 revenue growth of at least 80% and plans to invest ₹1,800 crore in manufacturing capacity expansion.

Tech Mahindra reported a 33% year-on-year rise in Q2 FY27 net profit to ₹1,586 crore, with revenue increasing 15.6% to ₹16,180 crore. The company declared an interim dividend of ₹15 per share and recommended a 1:1 bonus issue, subject to shareholder approval.

Federal Bank reported a record quarterly net profit of ₹1,386.09 crore in Q2 FY27, up 45.10% year-on-year. Net interest income rose 26.38% to ₹3,153.40 crore, NIM improved to 3.32%, and gross NPA declined to 1.32%, reflecting stronger profitability and improved asset quality.