Stocks in news: Bharti Airtel, LIC, Titan, ONGC, Bharti Hexacom, Glenmark Pharma and Astral

Indian equity markets extended their winning streak to a sixth consecutive session on Thursday, with benchmark indices witnessing a sharp and broad-based rally. The Nifty 50 surged 576 points, or 2.40%, to settle at 24,536.60. The benchmark closed above its 20-day, 50-day, 100-day and 200-day simple moving averages (SMAs), signalling a significant improvement in its technical structure, according to Hariselvan Radhakrishnan, Founder and CEO of HST Wealth. He sees the next resistance at around 24,775, while 24,330 is the immediate support level.

Against this backdrop, several stocks, including Bharti Airtel, Life Insurance Corporation of India (LIC), Titan Company, ONGC, Bharti Hexacom, Glenmark Pharmaceuticals and Astral, are likely to remain in focus on Friday, November 6, as investors track September-quarter earnings, sales updates, order wins, acquisitions, fundraising activity and other corporate developments.

Bharti Airtel

Bharti Airtel reported a 31% year-on-year (YoY) increase in consolidated net profit to Rs 8,887.5 crore for the September quarter (Q2FY27), compared with Rs 6,791.6 crore in the corresponding quarter last fiscal. Consolidated revenue rose 16.7% YoY to Rs 60,878 crore from Rs 52,145 crore reported in Q2FY26.

LIC

Life Insurance Corporation of India (LIC), the country's largest insurer, reported a nearly 20% rise in consolidated net profit to Rs 12,114.78 crore for the September quarter, supported by growth in premium income and higher investment earnings. The state-owned insurer had reported a net profit of Rs 10,098 crore in the corresponding quarter last year. However, profit declined 11% sequentially from Rs 13,584 crore in the June quarter.

Titan Company

Tata Group-owned Titan Company reported a 54% rise in consolidated net profit to Rs 1,722 crore for the September quarter, driven by strong demand for jewellery, premium watches and eyewear. The company had reported a net profit of Rs 1,120 crore in the corresponding quarter last year.

Bharti Hexacom

Bharti Hexacom reported a 34.4% YoY rise in net profit to Rs 566 crore in Q2FY27, while revenue grew 11.4% to Rs 2,582 crore. EBITDA increased 14% to Rs 1,377 crore, with the EBITDA margin improving to 53.3% from 52.1% a year earlier.

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ONGC

State-owned Oil and Natural Gas Corporation (ONGC) reported a 46.9% YoY jump in consolidated profit after tax (PAT) to Rs 18,534.82 crore for Q2FY27, compared with Rs 12,614.60 crore in the corresponding quarter of the previous financial year. Consolidated revenue from operations increased 25.6% YoY to Rs 1,98,263.33 crore from Rs 1,57,913.60 crore in the year-ago quarter.

On a standalone basis, ONGC reported a 57.3% YoY increase in PAT to Rs 15,489 crore in Q2FY27, compared with Rs 9,847.97 crore in Q2FY26. However, profit declined 9.1% sequentially from Rs 17,034 crore in the preceding quarter.

Glenmark Pharmaceuticals

Glenmark Pharmaceuticals reported a 56.7% YoY decline in net profit to Rs 264 crore in Q2, while revenue fell 29.8% to Rs 4,247.3 crore. EBITDA plunged 63.4% to Rs 864 crore, with the EBITDA margin contracting sharply to 20% from 39% a year earlier.

Britannia Industries

FMCG major Britannia Industries reported a 10.8% YoY increase in consolidated net profit to Rs 726 crore for Q2FY27, compared with Rs 655.06 crore in the corresponding quarter of the previous fiscal. Consolidated revenue from operations rose 15.6% YoY to Rs 5,597.79 crore from Rs 4,840.63 crore in the year-ago period.

Vedant Fashions

Vedant Fashions reported a marginal 0.36% YoY rise in net profit to Rs 56.2 crore in Q2, while revenue grew 2.4% to Rs 269.3 crore. EBITDA declined 5.1% to Rs 105 crore, while the EBITDA margin contracted to 39% from 42% a year earlier.

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Astral

Astral reported a 5.9% YoY decline in net profit to Rs 127 crore in Q2, even as revenue grew 26.1% to Rs 1,988 crore. EBITDA rose marginally by 1.6% to Rs 261 crore, while the EBITDA margin contracted to 13.1% from 16.3% a year earlier.

Bikaji Foods International

Bikaji Foods International reported an 11.3% YoY decline in net profit to Rs 70.78 crore for the second quarter, compared with Rs 79.77 crore in the corresponding period last year. Revenue, however, rose 13.1% to Rs 921.44 crore from Rs 814.9 crore.

Godfrey Phillips India

Godfrey Phillips India reported a 37.7% YoY decline in net profit to Rs 190 crore for Q2FY27, compared with Rs 305 crore in the corresponding quarter last year. Revenue from operations rose 4.1% to Rs 1,342 crore from Rs 1,289 crore.

Safari Industries

Safari Industries reported a 9.1% YoY increase in total revenue to Rs 582.22 crore in Q2FY27, compared with Rs 533.55 crore in Q2FY26. The company clocked a profit after tax of Rs 36.93 crore during the quarter.

Separately, Safari Industries has entered into a 20-year brand licensing agreement with Carlton Retail Pvt Ltd. The company has also appointed actor Saif Ali Khan as the brand ambassador for Magnum by Safari.

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Texmaco Rail & Engineering

Texmaco Rail & Engineering has received three orders aggregating Rs 428.55 crore. These include an order worth Rs 30.98 crore from UltraTech Cement, Rs 329.53 crore from Jujhar Logistics & Travels and Rs 68.04 crore from APL Logistics Vascor Automotive.

AstraZeneca Pharma India

AstraZeneca Pharma India said it may receive a revised demand notice from Bengaluru North City Corporation or the Greater Bengaluru Authority, the successor to Bruhat Bengaluru Mahanagara Palike. The notice may seek improvement charges along with applicable interest under the provisions of the Greater Bengaluru Governance Act, 2024, read with the Karnataka Municipal Corporations Act, 1976.

Sansera Engineering

Sansera Engineering reported a 52% YoY increase in profit after tax to Rs 108.6 crore in Q2FY27, compared with Rs 71.4 crore in Q2FY26. Revenue from operations rose 32% to Rs 1,091.5 crore from Rs 825.2 crore in the year-ago quarter.

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Q2 results

Hindalco Industries, Bosch, Siemens, Aster DM Quality Care, Coromandel International, Gland Pharma, Voltas, Nuvama Wealth Management, 3M India, Jubilant FoodWorks, Cholamandalam Financial Holdings, Data Patterns (India), Great Eastern Shipping Company, Sigma Advanced Systems, Elgi Equipments, Ratnamani Metals and Tubes, Cohance Lifesciences, Azad Engineering, Honasa Consumer, Vardhman Textiles, Ingersoll Rand (India), Godrej Agrovet and Blue Dart Express.

Disclosure: This article has been written by Kumar Gaurav, who is not a Sebi-registered Research Analyst or an Investment Adviser. Gaurav and their ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective Sebi-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here