Daily Corporate & Economy Report — 6 October 2025

Key Corporate Developments

Bondada Engineering: Received sanction from Bank of Baroda for enhanced credit facilities to support project execution. The company reported an order book of ₹5,044 crore (as of April 1, 2025) and expects new orders worth ₹6,250–7,000 crore, targeting a closing order book near ₹8,000 crore by March 2026.

Infosys: Partnered with Telenor Shared Services to modernize HR operations using Oracle Fusion Cloud HCM.

Manali Petrochemicals: Appointed Srishti M. Bathija as the new CFO, replacing K. Lalitha.

Ceigall India: Secured LoAs from MSEDCL for solar projects totaling ₹1,309 crore — including 190 MW (₹712 crore) and 147 MW (₹597 crore) projects under the Mukhyamantri Saur Krushi Vahini Yojana 2.0.

Punjab National Bank: Q2 business update showed strong growth — global business at ₹27.9 lakh crore (+10.6% YoY) and domestic business at ₹26.8 lakh crore (+10.5% YoY). Deposits rose ~10.9% YoY; advances up ~10.7% YoY.

Marico: Reported consolidated revenue growth in the thirties driven by pricing interventions and strong international performance. Operating profit grew modestly YoY.

Piccadilly Agro: Its brand Indri won “Best World Whisky” at the Las Vegas Global Spirits Awards 2025 with a 99.1 score.

LTIMindtree: LIC increased its stake from 7% to 9% through market purchases.

Hemisphere Properties: Concluded its e-auction for Pune plots without any bids; reviewing next steps.

Hindustan Zinc: Q2 update showed strong refined lead (+29%), silver (+22%), and wind power (+2%) output; mined metal rose 1% to 2.58 lakh tonnes.

Ethos Ltd: Opened new luxury boutiques — Ethos Haute Horology in Mumbai’s BKC and RIMOWA in Delhi’s DLF Emporio.

Yes Bank: Deposits up 7.1% to ₹2.96 lakh crore; loans and advances up 6.5% to ₹2.5 lakh crore; CASA improved to 33.8% from 32.8%.

Stocks in News

Positive

PTC Industries: Subsidiary signed a multi-million-pound partnership with Coolbrook to supply clean-tech components; expected revenue >£10 million annually.

Equitas SFB: Gross advances up 8.6% YoY to ₹39,145 crore.

FDC Ltd: Received USFDA approval for a key eye treatment.

Sambhv Steel: Q2 sales volume up 53% YoY.

John Cockerill: Bagged contract from Godawari Power & Ispat for 6-Hi reversible cold rolling mill at Raipur.

Highway Infrastructure: Received LoA for an EPC contract for e-bus charging infrastructure.

Mahamaya Steel Industries: September sales up ~55% MoM to 17,454 MT.

Bajaj Housing Finance: Gross disbursements up 32% YoY to ₹15,900 crore; AUM up 24% to ₹1.26 lakh crore.

Reliance Industries: Reportedly in talks with banks for record-breaking Jio IPO; hiring to begin in November.

Emcure Pharma: Acquired 20.4% stake in Zuventus Healthcare for ₹724.9 crore.

UFLEX: Enhanced aseptic packaging capacity from 7 billion to 12 billion packs per annum at its Gujarat plant.

MOIL: Recorded best-ever September output at 1.52 lakh tonnes (+3.8% YoY).

UNI Abex Alloy Products: Signed agreement to sell Thane land for ₹244.2 crore; completion expected by Jan 2026.

Kalyan Jewellers: India revenue up 31% YoY on robust wedding and festive demand.

AstraZeneca Pharma: Received CDSCO approval to import and market Enhertu for HER2-positive solid tumors.

Sandur Manganese: Received final MoEF&CC clearance for forest land diversion in Karnataka.

Ravindra Energy: Secured two LoAs from MSEDCL to develop 120 MW decentralized solar projects.

Bizotic Commercial: Reported 40% YoY revenue growth.

Ravinder Heights: Subsidiary received RERA licenses for two affordable housing projects in Gurugram with Bestech Group.

Kotak Mahindra Bank: Q2 deposits up 14.6% YoY to ₹5.29 lakh crore; advances up 15.8% to ₹4.63 lakh crore.

Apollo Hospitals: Acquired 50% stake in AGPCL from Parkway Healthcare.

AU Small Finance Bank: Deposits up 20.8% YoY to ₹1.32 lakh crore; CASA up 9.7% to ₹38,960 crore.

IDBI Bank: Total business up 12% YoY to ₹5.34 lakh crore.

Public Sector Bank (PSB): Total business up 12.3% YoY to ₹2.41 lakh crore; deposits up 9.4% YoY.

Dhanlaxmi Bank: Total business up 17.5% YoY to ₹30,147 crore.

Vedanta: Record aluminium output at 617 KT (+1% YoY) and alumina at 653 KT (+31% YoY).

Hindustan Copper: Executed mining lease deed for Kendadih mine for 20 years.

ESAF Finance: Deposits up 6% to ₹22,894 crore; secured advances up 62%.

S Chand: Neerja Jhunjhnuwala raised stake from 11.3% to 22.7%.

Krystal Integrated Services: Bagged ₹83 crore sanitation and housekeeping contract from Delhi Govt.

Bajaj Healthcare: Received CDSCO nod to conduct Phase III trials for Suvorexant tablets.

Fortis Healthcare: SEBI approved IHH Healthcare’s pending open offer for Fortis and its subsidiary.

Neutral

Aayush Wellness: Incorporated new Singapore subsidiary to expand global footprint.

Sobha Ltd: H1 sales value ₹3,981 crore (+30% YoY); Q2 sales down 8.5% QoQ to ₹1,903 crore.

Bandhan Bank: Loans up 7.2% YoY; deposits up 10.9% YoY.

HDFC Bank: Deposits up 12.1% YoY to ₹28.02 lakh crore; advances up 8.9% YoY.

Lupin: FDA classified Pithampur Unit-2 inspection as “Official Action Indicated”; launches Liraglutide injection in the US ($350M market).

Allcargo Logistics: Subsidiary ALX filed EOW complaint over alleged irregularities.

RBL Bank: Q2 deposits up YoY to ₹1.16 lakh crore; advances up to ₹1.02 lakh crore.

VPR Punglia: Clarified promoter equity infusion was interest-free to support liquidity.

Avenue Supermarts (DMart): Q2 revenue ₹16,218.8 crore (+15.4% YoY); total stores at 432.

Bank of Baroda: Global business up 10.5% YoY to ₹27.79 lakh crore.

Wipro: Dissolved Aasonn Philippines Inc. as part of restructuring.

IEX: September power volume up 7.1% YoY to 11,065 MU.

Asian Paints: Board to meet on Nov 12 to consider interim dividend.

Circuit Filter Revisions:

5% → 20%: Nahar Capital, Ishan Dyes, Mindteck, Linc, IRIS Clothing, Onward Tech, Orbit Exports.

5% → 10%: Sumit Industries, Tamilnadu Tele.

Corporate Actions (Ex-Dates):

Sayaji Industries — Bonus 3:1

Ashnisha Industries — Rights Issue

CyberTech Systems — Dividend

Julien Agro Infratech — Bonus 1:1

Sigma Solve — Stock Split (1:10)

Negative

IndusInd Bank: Net advances down 8% YoY, deposits down 5% YoY.

Paradeep Phosphates: Facing customs probe over alleged urea import violations; legal recourse being explored.