Stocks to Watch Today: ICICI Bank, HDFC Bank, Axis Bank, GPT Infra, RailTel, ACME Solar, Yes Bank, Urban...

Stocks to Watch Today: ICICI Bank, HDFC Bank, Axis Bank, GPT Infra, RailTel, ACME Solar, Yes Bank, Urban Company, Ixigo, LCC Projects, Zen Tech in focus on 19 October

Let's catch up on the latest news from the stock market. From significant investments to major deals, quarterly earnings, acquisitions, and order wins, here’s a quick look at which stocks will be in focus in today's trade:

Bajaj Finance, UltraTech Cement, L&T Technology Services, Union Bank of India, Bhansali Engineering Polymers, Delta Corp, Elevate Campuses, HFCL, Hindustan Zinc, Just Dial, Piramal Finance, SML Mahindra, Sobha, Tatva Chintan Pharma Chem, Varmora Granito, and Waaree Renewable Technologies will release their quarterly earnings today.

Profit soars 20.1% to Rs 14,843 crore Vs Rs 12,358.9 crore

Net interest income grows 17.7% to Rs 25,338.7 crore Vs Rs 21,529.5 crore

Provisions & contingencies fall 6.9% to Rs 850.7 crore Vs Rs 914.1 crore

Gross NPA declines to 1.20% Vs 1.38% (QoQ)

Net NPA drops to 0.30% Vs 0.35% (QoQ)

ICICI Bank seeks RBI approval for continuation of Pradeep Kumar Sinha as a Non-executive Part-time Chairperson

Profit rises 4.7% to Rs 19,510 crore Vs Rs 18,641.3 crore

Net interest income grows 9.7% to Rs 34,619.2 crore Vs Rs 31,551.5 crore

Provisions and contingencies increase 2.1% to Rs 3,573.6 crore Vs Rs 3,500.5 crore

Gross NPA drops to 1.11% Vs 1.17% (QoQ)

Net NPA slips to 0.37% Vs 0.41% (QoQ)

Zen Technologies Q2 (Standalone YoY)

Profit zooms 35.6% to Rs 7,003.3 crore Vs Rs 5,089.6 crore

Net interest income grows 11.8% to Rs 15,371.4 crore Vs Rs 13,745 crore

Provisions and contingencies sink 52.2% to Rs 1,693.7 crore Vs Rs 3,547 crore

Gross NPA falls to 1.16% Vs 1.28% (QoQ)

Net NPA slips to 0.35% Vs 0.39% (QoQ)

Axis Bank appoints Rahul Shukla as Group Head, Commercial and Bharat Banking effective October 19

Profit surges 65% to Rs 1,080 crore Vs Rs 654 crore

Net interest income jumps 22.7% to Rs 2,822 crore Vs Rs 2,301 crore

Provisions & contingencies fall 24.2% to Rs 317 crore Vs Rs 419 crore

Gross NPA declines to 1.2% Vs 1.3% (QoQ)

Net NPA remains unchanged at 0.2% (QoQ)

Urban Company Q2 (Consolidated YoY)

Loss widens to Rs 182.5 crore Vs loss of Rs 59.3 crore

Revenue grows 41.4% to Rs 537.3 crore Vs Rs 380 crore

Board approves fundraise of up to Rs 2,500 crore via equity & convertible securities

Le Travenues Technology-Ixigo Q2 (Consolidated YoY)

Profit stands at Rs 61.3 crore Vs loss of Rs 3.2 crore

Revenue increases 12.9% to Rs 320.96 crore Vs Rs 284.2 crore

Profit falls 0.2% to Rs 1,397.9 crore Vs Rs 1,401.1 crore

Revenue grows 13.6% to Rs 11,807.6 crore Vs Rs 10,394.3 crore

LTM declared interim dividend of Rs 25 per share

Central Bank of India Q2 (Standalone)

Profit jumps 21.1% to Rs 1,468.9 crore Vs Rs 1,212.9 crore

Net interest income soars 26.3% to Rs 4,145.2 crore Vs Rs 3,282.8 crore

Provisions & contingencies grow 79.1% to Rs 562.7 crore Vs Rs 314.1 crore

Gross NPA falls to 2.39% Vs 2.60% (QoQ)

Net NPA declines to 0.31% Vs 0.49% (QoQ)

Profit sinks 39.2% to Rs 2,205.5 crore Vs Rs 3,627.4 crore

Net interest income surges 28.7% to Rs 4,227.7 crore Vs Rs 3,285 crore

Provisions & contingencies stand at Rs 8.55 crore Vs write-back of Rs 652.61 crore

Gross NPA falls to 2.12% Vs 2.3% (QoQ)

Net NPA rises to 0.17% Vs 0.16% (QoQ)

Punjab National Bank Q2 (Standalone (YoY)

Profit increases 12.8% to Rs 5,532.2 crore Vs Rs 4,903.7 crore

Net interest income grows 10.8% to Rs 11,601.3 crore Vs Rs 10,468.8 crore

Provisions and contingencies sink 84.9% to Rs 97.3 crore Vs Rs 643.1 crore

Gross NPA drops to 2.55% Vs 2.78% (QoQ)

Net NPA declines to 0.25% Vs 0.28% (QoQ)

The company has received a Letter of Acceptance (LoA) worth Rs 167.52 crore from the Railway Recruitment Board (RRB), Secunderabad, for AM-RMS services covering the pre-examination and post-examination stages of RRB recruitment.

Additionally, RailTel has received a purchase order worth Rs 18.99 crore from Health Insurance TPA of India for providing IT infrastructure and cybersecurity solutions over a period of three years.

The company has received an order worth Rs 149.5 crore from the Chief Signal and Telecommunication Engineer (CSTE), Western Railway, Bhavnagar Division, and another work order worth Rs 134.11 crore from Western Railway's Ratlam Division for signalling works.

The company has entered into a non-binding agreement to acquire a majority equity stake in Verso Altima Group D.O.O., a prominent business integrator and digital solutions provider headquartered in Zagreb, Croatia.

The company's subsidiary, ACME Greentech Twenty, has executed a Power Purchase Agreement (PPA) with the Solar Energy Corporation of India (SECI) for a 300 MW assured peak power project under FDRE Tranche IX, at a tariff of Rs 6 per unit.

The company has received an Acceptance of Tender from the Government of Gujarat for an engineering, procurement and construction (EPC) contract involving the supply of water from Machhu-I Dam to Triveni Thanga Reservoir and various villages in Wankaner and Chotila talukas. The contract also includes the operation and maintenance of the commissioned project for 10 years and has an estimated value of Rs 151.57 crore.

The board has approved the appointment of Uttam Kumar Bhageria as Chief Financial Officer (CFO)-Designate, effective October 21.

The board has approved an investment of Rs 135.15 crore to acquire a 51.98% stake in Cogknit Semantics, a Bengaluru-based defence technology company.

The company has invested Rs 240 crore in the equity shares of its subsidiary, Kalyani Strategic Systems, at fair value through a rights issue. The investment has been funded through the proceeds of the qualified institutional placement (QIP) undertaken by the company and its internal accruals.

Of the total investment, Rs 163 crore will be further invested by Kalyani Strategic Systems in its subsidiary, Agneyastra Energetics, through a rights issue.

Power Grid Corporation of India

Power Grid has been declared the successful bidder for the establishment of the 765 kV GIS Pune West transmission project on a build, own, operate and transfer (BOOT) basis, with annual transmission charges of Rs 199.55 crore.

The project involves the establishment of a new 765/400 kV gas-insulated switchgear (GIS) substation at Pune West in Maharashtra. It also includes the construction of 765 kV and 400 kV transmission lines across Maharashtra, along with the associated bays.

With this project, Power Grid has secured 10 transmission system projects in the current fiscal year to date, with cumulative annual transmission charges of Rs 7,863.63 crore.

The company's subsidiary, IL JIN Electronics (India), has entered into a share-swap agreement with Ramanna Rajesh Mayasandra, Harsha Venkatesh, Dwaith Advisory, Doddabidere Honappa Veena, and its subsidiary, Power-One Micro Systems Private Limited.

Under the agreement, IL JIN Electronics will acquire 1.75 lakh equity shares of Power-One, representing the remaining 40% equity stake on a fully diluted basis, from the sellers. In consideration, it will allot 1.76 lakh Series A3 compulsorily convertible preference shares (CCPS A3) to the sellers at an issue price of Rs 10,000 per share.

IL JIN Electronics has also entered into a share-swap agreement with Manju Thomas to acquire 23,401 equity shares of Ascent Circuits, representing the remaining 1.50% equity stake on a fully diluted basis. In consideration, it will allot 13,120 Series A2 compulsorily convertible preference shares (CCPS A2) to Manju Thomas at an issue price of Rs 10,000 per share.

Following the transactions, IL JIN Electronics will hold a 100% stake in both Power-One and Ascent Circuits, making them wholly owned subsidiaries of IL JIN Electronics and, consequently, of Amber Enterprises India.

On April 24, 2026, the company submitted a representation to the Food Safety and Standards Authority of India (FSSAI) challenging the referral laboratory report and highlighting significant variations between the findings of the primary and referral laboratories.

As of the date of the clarification, the company stated that it had not received any formal order for prosecution or sanction, or any other communication from the FSSAI following the submission of its representation. The company also stated that there was no financial or operational impact at that point.

The company announced plans to double its annual zinc production capacity at its South African zinc operations to 5 lakh tonnes through an investment of nearly $600 million in Phase II of the Gamsberg project under Vedanta Zinc International (VZI).

RBL Bank has received approval from the Reserve Bank of India (RBI) for the amalgamation of all Indian branches of Emirates NBD Bank PJSC with RBL Bank, effective December 1, 2026.

The National Company Law Tribunal (NCLT), Mumbai, has sanctioned the Scheme of Amalgamation of Piombino Steel with JSW Steel.

The company has incorporated a joint venture, MOIL MPSMCL Mining, for the mining of manganese ore.

The company will incur additional capital expenditure of Rs 49.20 crore online balancing and debottlenecking initiatives, including the augmentation of curing capacity at its manufacturing facilities in Madurai (Tamil Nadu), and Uttarakhand.

The initiatives are aimed at increasing its two-wheeler and three-wheeler tyre production capacity by 6–7%, effective January 2027.

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!