Markets traded sideways on Wednesday and ended with a mild downtick, taking a breather after the recent surge.
With the earnings season underway, focus now shifts to TCS’s quarterly results, scheduled for Thursday, October 9. As IT remains one of the lagging sectors, market participants will closely watch how sentiment evolves post its numbers.
On the index front, analysts said indications point toward further consolidation, albeit with a positive bias. In today's trade, shares of TCS, PVR Inox, Senco Gold, JSW Cement, Maruti Suzuki among others will be in focus due to various news developments.
TCS
TCS will kick off the earnings season on Thursday, with brokerages estimating Q2 net profit growth of 3.7%–9.6% YoY, pegging the bottomline between Rs 12,346 crore and Rs 13,058 crore. Revenue is projected in the range of Rs 64,200–65,700 crore, reflecting a 0.7%–2.2% uptick compared to the same quarter last year.
PVR Inox
PVR Inox launched 'dine-in cinema', claimed to be India's first, at M5 ECity Mall in Bengaluru. The multiplex operator said the dine-in cinema is a first-of-its-kind experience where "blockbuster films meet gourmet dining". This format transforms the cinema into a lifestyle destination, giving audiences the freedom to enjoy chef-curated meals in-seat, without stepping out of the auditorium or even purchasing a movie ticket.
Lupin
Drug firm Lupin will set up a new manufacturing facility in Coral Springs, Florida, entailing an investment of $250 million. The Florida-based plant would produce products like albuterol inhalers for children with asthma. By strengthening domestic manufacturing and enhancing supply chain diversification, this critical project will enhance medicine security and strengthen the company's position as a global respiratory leader, it said.
Maruti Suzuki
Maruti Suzuki India said it plans to add a total of 500 service workshops to its network in the current fiscal. The auto major announced the setting up of its 5,000th Arena Service touchpoint in Coimbatore. The company sells its product range in the country through Arena and Nexa sales networks.
JSW Cement
JSW Cement, part of diversified $23-billion JSW Group has commissioned a 1 MTPA (million tonnes per annum) capacity cement grinding unit at Sambalpur in Odisha. The unit, which will take the company's total installed capacity to 21.6 MTPA, is being commissioned through its subsidiary, Shiva Cement, according to a statement.
Senco Gold
Jewellery retailer Senco Gold reported a 6% YoY growth in total revenue for the second quarter (Q2FY26), despite headwinds from record-high gold prices and seasonal factors.
Saatvik Green Energy
September listed Saatvik Green Energy posted a 459% jump in its consolidated net profit for the June ended quarter at Rs 119 crore versus Rs 21 crore reported in the year ago period. The profit after tax (PAT) is attributable to the owners of the group.
With the earnings season underway, focus now shifts to TCS’s quarterly results, scheduled for Thursday, October 9. As IT remains one of the lagging sectors, market participants will closely watch how sentiment evolves post its numbers.
On the index front, analysts said indications point toward further consolidation, albeit with a positive bias. In today's trade, shares of TCS, PVR Inox, Senco Gold, JSW Cement, Maruti Suzuki among others will be in focus due to various news developments.
TCS
TCS will kick off the earnings season on Thursday, with brokerages estimating Q2 net profit growth of 3.7%–9.6% YoY, pegging the bottomline between Rs 12,346 crore and Rs 13,058 crore. Revenue is projected in the range of Rs 64,200–65,700 crore, reflecting a 0.7%–2.2% uptick compared to the same quarter last year.
PVR Inox
PVR Inox launched 'dine-in cinema', claimed to be India's first, at M5 ECity Mall in Bengaluru. The multiplex operator said the dine-in cinema is a first-of-its-kind experience where "blockbuster films meet gourmet dining". This format transforms the cinema into a lifestyle destination, giving audiences the freedom to enjoy chef-curated meals in-seat, without stepping out of the auditorium or even purchasing a movie ticket.
Lupin
Drug firm Lupin will set up a new manufacturing facility in Coral Springs, Florida, entailing an investment of $250 million. The Florida-based plant would produce products like albuterol inhalers for children with asthma. By strengthening domestic manufacturing and enhancing supply chain diversification, this critical project will enhance medicine security and strengthen the company's position as a global respiratory leader, it said.
Maruti Suzuki
Maruti Suzuki India said it plans to add a total of 500 service workshops to its network in the current fiscal. The auto major announced the setting up of its 5,000th Arena Service touchpoint in Coimbatore. The company sells its product range in the country through Arena and Nexa sales networks.
JSW Cement
JSW Cement, part of diversified $23-billion JSW Group has commissioned a 1 MTPA (million tonnes per annum) capacity cement grinding unit at Sambalpur in Odisha. The unit, which will take the company's total installed capacity to 21.6 MTPA, is being commissioned through its subsidiary, Shiva Cement, according to a statement.
Senco Gold
Jewellery retailer Senco Gold reported a 6% YoY growth in total revenue for the second quarter (Q2FY26), despite headwinds from record-high gold prices and seasonal factors.
Saatvik Green Energy
September listed Saatvik Green Energy posted a 459% jump in its consolidated net profit for the June ended quarter at Rs 119 crore versus Rs 21 crore reported in the year ago period. The profit after tax (PAT) is attributable to the owners of the group.
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