News Overview

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.

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.

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.

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.

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