Top Stocks to Watch: HCL Tech, ONGC, KEC, IREDA, Lodha Lead the Line-Up
- HCL Tech posts 11% YoY revenue growth and declares Rs 12 interim dividend per share.
- KEC International secures new T&D orders worth Rs 1,174 crore, ONGC plans oil trading venture targeting $1 billion profit.
- Lodha Developers acquires Chaitanya Bilva Pvt. Ltd for Rs 499.61 crore; IREDA, Tech Mahindra, and Cyient DLM set to announce Q2 results.
Indian stock markets are expected to see some action today with several major companies making headlines through earnings announcements, acquisitions, and strategic developments. Here’s a quick look at the top stocks likely to remain in focus.
HCL Tech
HCL Technologies has declared an interim dividend of Rs 12 per share, marking its 91st consecutive quarterly payout. The IT major reported consolidated revenue of Rs 31,942 crore for the quarter, reflecting a 5% rise sequentially and an 11% increase year-on-year. The growth was driven by robust performance in its services and engineering divisions.
KFin Technologies
KFin Technologies announced it has completed a $34.68 million investment to acquire a 51% controlling stake in Ascent Fund Services (Singapore) Pte. Ltd., making it the sole promoter of the company.
IREDA, Tech Mahindra, Cyient DLM
Investors will keep an eye on IREDA, Tech Mahindra, and Cyient DLM as the companies are scheduled to announce their Q2 results today.
Anand Rathi Wealth
Anand Rathi Wealth reported a 30.5% year-on-year jump in consolidated net profit to Rs 99 crore for Q2 FY26, compared to Rs 76 crore in the same quarter last year.
Asian Paints
The Supreme Court has declined to entertain Asian Paints’ petition against the Competition Commission of India’s order, which had called for an investigation into the company over alleged abuse of dominance in the decorative paints market.
KEC International
KEC International, part of the RPG Group, announced it has bagged new Transmission and Distribution (T&D) project orders worth Rs 1,174 crore across India and the Middle East.
Hero MotoCorp
Hero MotoCorp has officially entered the Italian market through a new distribution partnership with Pelpi International, strengthening its global presence.
ONGC and Oil India
ONGC is preparing to start its oil trading operations next fiscal year in collaboration with an international partner, targeting an annual profit of $1 billion. Meanwhile, Oil India announced the mechanical completion of its Numaligarh–Siliguri Product Pipeline upgrade project, boosting petroleum transport infrastructure in Northeast India.
Lodha Developers
Lodha Developers has acquired a 100% stake in Chaitanya Bilva Private Ltd for Rs 499.61 crore in cash, making it a wholly owned subsidiary.
