News Overview

PC Jeweller reported a 58% YoY rise in net profit to ₹331 crore and a 27.8% increase in revenue in Q2 FY27. Despite strong earnings, full bank debt repayment and ₹142 crore in export receivables recovered, the stock fell from its intraday high on October 22. Here are the key factors behind the share price movement.

Jio Platforms IPO received 3.48 times subscription by 11:02 AM on October 22, 2026, led by strong QIB demand at 9.42x. The GMP stood at ₹247, indicating an estimated listing price of ₹1,366 against the upper price band of ₹1,119.

₹30,230-crore IPO received ₹90,500 crore in Day 1 bids on October 21, 2026, with the issue subscribed three times by 5 PM. The QIB portion led demand with 9 times subscription, while retail participation stood at 0.67 times. The IPO closes on October 23, ahead of its scheduled October 28 listing.

PC Jeweller shares extended their rally on October 21, 2026, after gaining over 40% in two weeks. The company reported 28% revenue growth in Q2 FY27, cleared dues to 14 consortium banks and received ₹142 crore in export remittances.

Reliance Industries shares gained 1.71% to ₹1,222.50 on the NSE by 11:25 AM on October 21, 2026, as Jio Platforms launched its IPO. The ₹30,213-crore issue, expected valuation of ₹10.3 lakh crore and proposed debt repayment of up to ₹27,500 crore are key developments surrounding the market movement.

Jio Platforms IPO was subscribed 1.03 times by 10:41 AM on October 21, 2026, led by QIB demand at 3.25 times. The GMP stood at ₹265, indicating an estimated listing price of ₹1,384 per share. Check the latest subscription figures, investor-category demand, price band and GMP trend.

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.

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.

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.

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.