Wednesday, October 28 brought a busy corporate-news session: Jio Platforms and Paras Healthcare made their market debuts, three more IPOs opened for subscription, and a heavy Q2 results calendar produced several dividend and guidance announcements. Company-level developments in orders, capacity expansion and partnerships added to the day’s flow.
In Simple Words
IPOs let companies sell shares to the public for the first time, and Q2 results show how a company performed in July–September. Today’s updates cover new listings, company results, orders and partnerships; they are information, not stock recommendations.
1. Paras Healthcare Listed at a Premium
Paras Healthcare shares debuted at ₹720 on the NSE and BSE, compared with an issue price of ₹693. The listing premium was 3.9%; the IPO had been subscribed 2.23 times.
| IPO detail | Figure |
|---|---|
| Issue price | ₹693 |
| Listing price | ₹720 |
| Listing premium | 3.9% |
| IPO subscription | 2.23× |
2. Three IPOs Opened for Subscription
M. K. Sons Fine Jewels opened its public issue on Wednesday, as did the SME issues of Ajwa Projects and Carver Roboweld. Their announced issue sizes totalled about ₹341.7 crore.
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| Issue | Size | Price or band | Bidding dates |
|---|---|---|---|
| M. K. Sons Fine Jewels | ₹275.4 crore | ₹153–₹162 | Oct. 28–30 |
| Ajwa Projects | ₹38.05 crore | ₹203 | Oct. 28–30 |
| Carver Roboweld | ₹28.29 crore | ₹76–₹80 | Oct. 28–30 |
3. Siyaram Recycling Industries Secures Two Brass Orders
Siyaram Recycling Industries disclosed two orders: a brass-billets contract from Dubai-based Green Metals FZCO and a brass-scrap order from Anurag Impex. The company said the orders are to be executed within 30 days and 15 days, respectively.
| Customer | Product | Order value | Execution |
|---|---|---|---|
| Green Metals FZCO, Dubai | Brass billets | ₹8.71 crore | 30 days |
| Anurag Impex | Brass scrap | ₹1.92 crore | 15 days |
4. Modison Develops New Contacts for Railway Signalling
Modison announced that it has developed silver–tungsten carbide electrical contacts for railway-signalling relays. The company described the product as addressing a domestic market opportunity it estimates at about ₹2,250 crore, with potential export opportunities as well.
| Development | Detail |
|---|---|
| Product | Silver–tungsten carbide electrical contacts |
| Application | Railway-signalling relays |
| Domestic market opportunity | About ₹2,250 crore, company estimate |
5. Kovilpatti Lakshmi Roller Approves Solar-Capacity Expansion
Kovilpatti Lakshmi Roller Flour Mills’ board approved adding 0.7 MW of solar capacity at Puducherry for captive use by its foods division. The expansion would take the proposed capacity there from 5 MW to 5.7 MW, subject to the required approvals.
| Expansion detail | Figure |
|---|---|
| Additional capacity | 0.7 MW |
| Proposed capacity | 5.7 MW |
| Estimated capital outlay | ₹4.25–₹4.50 crore |
| Target completion | By March 31, 2027 |
6. Lemon Tree Hotels Signs a 76-Room Property in Sirhind
Lemon Tree Hotels signed an agreement for a 76-room hotel in Sirhind, Punjab. The property is to be managed by Carnation Hotels, a wholly owned subsidiary of Lemon Tree Hotels.
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| Property detail | Information |
|---|---|
| Location | Sirhind, Punjab |
| Planned rooms | 76 |
| Management | Carnation Hotels |
7. Maharaja & Speedex Invests ₹19.80 Crore in Dewdrop Bottles
Maharaja & Speedex India invested ₹19.80 crore in its wholly owned subsidiary, Dewdrop Bottles, through a rights issue. The subsidiary plans to use the funds for capital expenditure, including plant and machinery at its existing manufacturing facility.
| Investment detail | Figure |
|---|---|
| Investment | ₹19.80 crore |
| Shares subscribed | 4,50,000 |
| Recipient | Dewdrop Bottles |
| Stated use | Manufacturing capex, including plant and machinery |
8. MIDHANI, HWB and BARC Sign a Critical-Metals Recovery MoU
Mishra Dhatu Nigam (MIDHANI) signed a memorandum of understanding with the Heavy Water Board and Bhabha Atomic Research Centre to collaborate on recovering and producing nickel and cobalt from plant reverts. The work is intended to develop processes for recovering the metals from secondary material.
| Parties | Role |
|---|---|
| MIDHANI | Specialty-metals producer |
| Heavy Water Board | Department of Atomic Energy |
| Bhabha Atomic Research Centre | Department of Atomic Energy |
| Target materials | Nickel and cobalt |
9. Steamhouse Signs Exploratory MoU with Haryana Government
Steamhouse India signed an MoU with the Haryana Enterprises Promotion Centre to explore industrial-infrastructure opportunities involving a proposed investment of ₹500 crore. The MoU is exploratory: it does not award a project or commit the parties to build a specific facility.
| MoU detail | Information |
|---|---|
| Government counterpart | Haryana Enterprises Promotion Centre |
| Proposed investment under exploration | ₹500 crore |
| Potential area | Community-boiler infrastructure |
| Status | Exploratory; feasibility and approvals required |
10. Hindustan Unilever Reported Higher Q2 Revenue and Profit
Hindustan Unilever reported consolidated revenue from operations of ₹18,226 crore and net profit attributable to owners of ₹2,790 crore for Q2 FY27. The board also declared an interim dividend of ₹19 per share.
| HUL Q2 FY27 | Current quarter | Year-ago quarter | YoY change |
|---|---|---|---|
| Revenue from operations | ₹18,226 crore | ₹15,919 crore | +14.5% |
| Net profit to owners | ₹2,790 crore | ₹2,685 crore | +3.9% |
| Interim dividend | ₹19 per share | — | — |
11. TVS Motor Reported Higher Q2 Profit and Revenue
TVS Motor reported revenue from operations of ₹17,103 crore and net profit of ₹1,377 crore for the September quarter. EBITDA reached ₹2,219 crore, and the company said its margin improved year on year.
| TVS Motor Q2 FY27 | Current quarter | Year-ago quarter | YoY change |
|---|---|---|---|
| Revenue from operations | ₹17,103 crore | ₹11,905 crore | +43.7% |
| Net profit | ₹1,377 crore | ₹904 crore | +52.3% |
| EBITDA | ₹2,219 crore | ₹1,507 crore | +47% |
12. TVS Motor Proposed Separating Its Consumer-Finance Business
TVS Motor’s board approved a proposed scheme to transfer its consumer-finance and related business to Harita ARC, while merging TVS Motor Services into the listed company. The scheme is subject to applicable regulatory, shareholder and other approvals.
| Proposed change | Key figure |
|---|---|
| Consumer-finance turnover, six months to Sept. 30 | ₹3,921 crore |
| Proposed share entitlement | 1 Harita ARC share for each TVS Motor share |
| Approvals | Pending |
13. Vedanta Reported Growth in Q2 Revenue and Profit
Vedanta reported consolidated revenue from operations of ₹26,356 crore and net profit of ₹6,202 crore for Q2 FY27. The company also announced a first interim dividend of ₹5 per share.
| Vedanta Q2 FY27 | Current quarter | Year-ago quarter | YoY change |
|---|---|---|---|
| Revenue from operations | ₹26,356 crore | ₹16,736 crore | +57% |
| Net profit | ₹6,202 crore | ₹3,479 crore | +78% |
| Interim dividend | ₹5 per share | — | — |
14. Hyundai Motor India’s Profit Fell Despite Revenue Growth
Hyundai Motor India reported a fall in consolidated net profit as revenue increased. Higher expenses, including material costs, weighed on the quarter’s earnings.
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| Hyundai Motor India Q2 FY27 | Current quarter | Year-ago quarter | YoY change |
|---|---|---|---|
| Revenue from operations | ₹20,696 crore | ₹17,461 crore | +18.5% |
| Net profit | ₹1,196 crore | ₹1,572 crore | −23.9% |
15. Adani Ports Raised Its FY27 Revenue and EBITDA Guidance
Adani Ports and Special Economic Zone reported year-on-year growth in Q2 revenue, EBITDA and profit. After its first-half performance, the company raised its FY27 revenue and EBITDA guidance by ₹1,000 crore each.
| APSEZ Q2 FY27 | Current quarter | Year-ago quarter | YoY change |
|---|---|---|---|
| Revenue | ₹11,340 crore | ₹9,167 crore | +24% |
| EBITDA | ₹6,807 crore | ₹5,550 crore | +23% |
| Net profit | ₹3,682 crore | ₹3,120 crore | +18% |
| FY27 revenue guidance | ₹44,000–₹46,000 crore | — | Raised by ₹1,000 crore |
| FY27 EBITDA guidance | ₹26,000–₹27,000 crore | — | Raised by ₹1,000 crore |
16. Info Edge Reported Q2 Growth and Declared a Dividend
Info Edge, the parent company of Naukri.com, reported consolidated operating revenue of about ₹904 crore and consolidated net profit of about ₹650 crore. The board declared an interim dividend of ₹3 per share, with November 6 as the record date.
| Info Edge Q2 FY27 | Current quarter | Year-ago quarter | YoY change |
|---|---|---|---|
| Operating revenue | ₹903.9 crore | ₹805.4 crore | +12.2% |
| Consolidated net profit | ₹649.8 crore | ₹347.5 crore | +87% |
| Interim dividend | ₹3 per share | — | — |
17. Info Edge Announced a Leadership Transition
Info Edge said Hitesh Oberoi will leave his full-time managing director and CEO roles after December 2. Co-founder Sanjeev Bikhchandani is set to take over as executive vice chairman, managing director and group CEO from December 3, subject to shareholder approval.
| Leadership change | Date |
|---|---|
| Oberoi’s executive role ends | Dec. 2, 2026 |
| Bikhchandani’s proposed start | Dec. 3, 2026 |
| Proposed term through | April 26, 2031 |
18. ACME Solar Commissioned More Battery-Storage Capacity
ACME Solar said its subsidiary commissioned an additional battery-storage component at a renewable-energy project in Rajasthan on October 27. The project’s cumulative commissioned storage reached 195.35 MW/781.40 MWh, with the commercial operation date for the additional component set for October 29.
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| Project measure | Capacity |
|---|---|
| Additional component | 35.77 MW / 143.08 MWh |
| Cumulative commissioned | 195.35 MW / 781.40 MWh |
| Planned project total | 300 MW / 1,200 MWh |
| Commercial operation date | Oct. 29, 2026 |
19. Exide Industries Invested More in Its Battery Subsidiary
Exide Industries invested about ₹150 crore in its wholly owned subsidiary, Exide Energy Solutions, through a rights subscription. The company’s total investment in the subsidiary reached ₹5,352.23 crore.
| Investment detail | Figure |
|---|---|
| New investment | About ₹150 crore |
| Shares subscribed | 4.29 crore |
| Exide’s ownership after issue | 100% |
| Total investment in subsidiary | ₹5,352.23 crore |
20. Bulk Deals Included PC Jeweller and Ola Electric
In bulk-deal disclosures for October 27, PC Jeweller and Ola Electric each appeared on both the buy and sell sides of large transactions by the same counterparty.
| Stock | Disclosed activity on Oct. 27 | Approx. value |
|---|---|---|
| PC Jeweller | 8.85 crore shares bought; 8.82 crore sold | ₹148 crore / ₹147 crore |
| Ola Electric | 2.33 crore shares bought; 2.36 crore sold | ₹77 crore / ₹78 crore |
Disclaimer: This article is for informational purposes only and is not investment advice. OneTrader is not registered with SEBI as an investment adviser or research analyst.
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