News Overview

Vedanta Oil and Gas shares jumped nearly 12% on October 30, 2026, even as Q2 FY27 consolidated net profit declined 21% QoQ to ₹746 crore. Improved profitability from continuing operations and lower expenses were key highlights of the quarterly results.

Laurus Labs shares gained 4.94% after the company reported a 126% YoY rise in Q2 FY27 net profit to ₹441.48 crore. Revenue increased 33%, while EBITDA margin expanded to 34.5%.

Suzlon Energy shares declined nearly 9% on October 30 after reporting a 69% fall in Q2 FY27 net profit. Revenue rose 26% to ₹4,875 crore, while EBITDA margin contracted to 14.7%.

BLS Polymers IPO was subscribed 241.22 times, with the latest GMP at ₹68, indicating an estimated listing price of ₹218 per share. Check the IPO allotment status online, category-wise subscription details and listing expectations.

Sumitomo Mitsui Trust Bank has invested in Mumbai-based One Planet Partners and formed a strategic partnership to expand equity investments in India’s energy transition and manufacturing sectors. The partnership includes a dedicated separately managed account targeting high-growth Indian companies.

Alphabet shares fell 10.2% in premarket trading, raising concerns over AI spending, cash burn and weaker search advertising. Microsoft shares rose 3.6%, while Nasdaq futures declined 1.5%. Indian markets rallied, with the Sensex gaining 905 points and the Nifty rising 238 points as investors awaited key US inflation data.

Sensex gained 0.82% to 73,847 and Nifty rose 0.74% to 22,865 on October 29, supported by Reliance Industries and IT stocks. Elevated crude oil prices continued to limit market gains.

SFC Environmental Technologies IPO GMP stood at ₹9.50 on October 29, 2026, implying an estimated listing price of ₹339.50. The IPO was subscribed 0.62 times overall as of 11:40 AM.

Adani Ports reported an 18% year-on-year increase in consolidated net profit to ₹3,682 crore in Q2 FY27. The company raised its FY27 revenue guidance to ₹44,000–46,000 crore, EBITDA guidance to ₹26,000–27,000 crore and capital expenditure target to ₹15,000–17,000 crore.

BLS Polymers IPO GMP stood at ₹51 on October 29, 2026, with an estimated listing price of ₹201. The IPO was subscribed 64.66 times overall, led by strong demand in the NII category.