eMudhra shares plunged 37% in two sessions after a critical security incident involving compromised private keys linked to eight intermediate Certificate Authority certificates. MeitY said its Indian digital signature and eSign services remain unaffected. The affected global TLS business contributes around 1% of revenue, but reputational risks remain.
Lam Research posted record revenue of $8.22 billion, driven by AI infrastructure and memory chip demand. Supply constraints, declining China revenue contribution and cautious outlook weighed on investor sentiment despite strong earnings.
Adani Green Energy reported a 15% year-on-year rise in Q2FY27 net profit to Rs 673 crore, while revenue grew 39% to Rs 4,520 crore. Shares fell 4% after the results. Jefferies maintained its Buy rating, while JM Financial retained Add, citing growth opportunities and operational challenges.
International Gemological Institute shares hit the 10% upper circuit after Q2 FY27 revenue rose 31% and profit surged 43% year on year. Growth was supported by lab-grown diamonds, stronger margins and rising demand across jewellery and coloured gemstones.
Infosys is set to report an 11% rise in year-on-year revenues and an 8% increase in net profits. However, the company may lower its full-year revenue outlook due to declining discretionary spending and mounting pricing challenges. Analysts foresee sequential revenue growth driven by acquisitions and enhanced operating margins. The upcoming earnings report will be pivotal, offering valuable insights into client expenditures and potential recovery in demand.
Mahindra & Mahindra Financial Services shares fell sharply on despite a 55% year-on-year rise in Q2FY27 net profit to Rs 882 crore. Nomura lowered its target price to Rs 400 while retaining a Buy rating, citing asset quality concerns and rising funding costs. Motilal Oswal maintained its Buy rating.
KEI Industries shares fell despite strong Q2 FY27 results, with net profit rising 29% and revenue growing 39% year on year. Growth was supported by domestic wires and cables demand, higher dealer sales and improved profitability in the first half.
Paras Healthcare has launched its IPO, starting on October 21 and concluding on October 23. By October 22, participation had reached only 15% overall, yet retail investor involvement surged to 69%. The funds raised are intended for debt repayment and general corporate uses. In Fiscal Year 2026, Paras Healthcare reported a notable profit of Rs 44 crore. Shares are expected to be listed by October 28, 2026.
Swiggy shares fell ahead of its Q2 FY27 results as investors assessed its path to profitability. Anand Rathi upgraded the stock to Buy, while rival Eternal reported strong earnings growth, supported by food delivery and quick commerce.
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