Summary:
NLC India’s Odisha investment plans, eMudhra’s exit from SSL/TLS certificates, Cholamandalam Finance’s proposed QIP and Petronet LNG’s compressed biogas joint venture put the stocks in focus. Swiggy, Cyient, Colgate-Palmolive India and other companies also reported September-quarter earnings.
Which stocks are in focus today?
NLC India, eMudhra, Cholamandalam Investment and Finance Company, and Petronet LNG are in focus due to investment plans, a strategic business exit, proposed fundraising and a compressed biogas joint venture. Swiggy, Cyient, Colgate-Palmolive India, Nuvoco Vistas, Bluestone Jewellery and CreditAccess Grameen are also in focus following their Q2FY27 earnings announcements.
Several stocks are likely to remain in focus following quarterly earnings announcements and corporate developments spanning energy, digital trust services, financial services and renewable energy. NLC India, eMudhra, Cholamandalam Investment and Finance Company, and Petronet LNG have announced updates that investors will track.
| Company | Key development | Details to highlight |
| NLC India | Odisha investment plans | Proposed 3,200 MW power plant; potential investment of ₹35,000 crore |
| eMudhra | SSL/TLS business exit | Voluntary withdrawal from the global certificate business |
| Cholamandalam Finance | Proposed QIP | Board meeting scheduled for October 28 |
| Petronet LNG | Compressed biogas JV | Proposed 50:50 JV; 10 plants; estimated ₹1,200 crore investment |
| Swiggy | Q2FY27 results | Revenue up 36.1%; consolidated loss narrowed year-on-year |
| Cyient | Q2FY27 results | Profit down 7.3%; revenue up 25.5% |
| Colgate-Palmolive India | Q2FY27 results | Profit up 4.3%; revenue up 12.3% |
| Nuvoco Vistas | Q2FY27 results | Profit up 79.2%; revenue up 13.5% |
| Bluestone Jewellery | Q2FY27 results | Loss narrowed to ₹3.2 crore |
| CreditAccess Grameen | Q2FY27 results | Standalone profit up 299% |
Stocks in Focus Today Oct 23
NLC India: Major Investment Plans in Odisha
NLC India has signed memorandums of understanding with the Industrial Promotion and Investment Corporation of Odisha (IPICOL) to explore the technical feasibility of coal gasification and the production of synthesis gas, or Syn-Gas, for potential applications in the fertiliser sector.
The MoUs also cover the establishment of a beach sand mineral processing facility, involving a tentative investment of ₹2,000 crore. Separately, the company plans to develop a 3,200 MW ultra-supercritical coal-based thermal power plant in Odisha. The proposed facility will comprise four units of 800 MW each and entail a potential investment of ₹35,000 crore.
These proposals could expand NLC India's presence across power generation and industrial projects, subject to feasibility assessments, approvals and implementation.
eMudhra: Strategic Shift Away from SSL/TLS Certificates
eMudhra has announced that its board has decided to voluntarily withdraw from the global Secure Sockets Layer/Transport Layer Security (SSL/TLS) certificate business. The company intends to sharpen its focus on core enterprise solutions and trust services outside the SSL/TLS segment.
Investors will monitor how the strategic shift affects the company's business mix and its focus on other digital trust and enterprise offerings.
Cholamandalam Finance: Board to Consider QIP Fundraising
Cholamandalam Investment and Finance Company's board of directors will meet on October 28 to consider raising capital through a qualified institutions placement (QIP) by issuing equity shares. The board will also consider seeking shareholders' approval for the proposed fundraising.
The outcome of the meeting, including the proposed fundraising structure and subsequent disclosures, will be important for investors assessing the company's capital-raising plans.
Petronet LNG: ₹1,200 Crore Compressed Biogas Joint Venture
Petronet LNG has signed a binding term sheet with Gruner Renewable Energy to establish a 50:50 joint venture for setting up compressed biogas (CBG) plants across various states in India.
The joint venture plans to establish 10 plants, each with a capacity of 18 metric tonnes per day. The estimated total capital outlay is ₹1,200 crore. The proposed partnership marks Petronet LNG's entry into this planned compressed biogas expansion, with implementation and project execution remaining key factors to watch.
Q2FY27 Results: Swiggy, Cyient and Other Stocks
Swiggy Q2 Results
Swiggy's consolidated loss narrowed to ₹922 crore in Q2 from ₹1,092 crore a year earlier, while revenue surged 36.1% to ₹7,571 crore. Quick commerce revenue rose 33.3% to ₹1,306 crore, and food delivery revenue increased 21.6% to ₹2,338 crore.
Cyient Q2 Results
Cyient's consolidated profit declined 7.3% to ₹132.5 crore despite 25.5% revenue growth to ₹2,235 crore.
Colgate-Palmolive India Q2 Results
Colgate-Palmolive India reported a 4.3% increase in profit to ₹341.6 crore and 12.3% revenue growth to ₹1,705.8 crore.
Nuvoco Vistas Q2 Results
Nuvoco Vistas Corporation's profit jumped 79.2% to ₹65.3 crore, while revenue rose 13.5% to ₹2,790 crore.
Bluestone Jewellery Q2 Results
Bluestone Jewellery and Lifestyle narrowed its loss significantly to ₹3.2 crore from ₹51.7 crore, with revenue increasing 45% to ₹745 crore.
CreditAccess Grameen Q2 Results
CreditAccess Grameen reported a 299% increase in standalone profit to ₹501.6 crore, while revenue grew 31.3% to ₹1,350.7 crore.
