Stocks in news: Titan, HCL Tech, Adani Ports and Utkarsh SFB

Indian equities extended their recovery on Tuesday, aided by firmer global cues, positive business updates from select companies and continued positioning ahead of the Reserve Bank of India's monetary policy decision.

The Nifty 50 closed at 22,714.80, gaining 195.05 points, or 0.71%. From a technical perspective, the index remains constructive as long as it holds above 22,600, according to Rupak De, Senior Technical Analyst at LKP Securities. He sees 22,850 as the immediate resistance level. A sustained breakout above that mark could extend the recovery, while failure to clear it could invite profit-taking and a pullback.

Against this backdrop, Titan Company, HCLTech, Adani Ports and Special Economic Zone, Utkarsh Small Finance Bank and several other stocks are likely to remain in focus on Wednesday following key corporate developments and business updates.

Titan Company

Titan Company's consumer businesses reported 25% year-on-year growth in the second quarter of FY27, according to its quarterly business update.

Jewellery, watches and EyeCare each recorded growth of more than 20% during the quarter. The company added 78 net stores, taking the total store count across its consumer businesses to 3,758 as of September 2026.

Titan's domestic businesses grew 22% year-on-year, while its international business registered a sharp 97% growth during the quarter.

HCLTech

HCL Group has announced an investment of Rs 500 crore to expand HCL IT City in Lucknow.

Separately, HCLTech announced an artificial intelligence upskilling initiative that will train 1,000 students.

Adani Ports and Special Economic Zone

Adani Ports and Special Economic Zone has incorporated a wholly owned subsidiary, Paradip Mahanadi Terminal Ltd, on October 6.

The new entity has been formed to develop and operate two dry bulk berths at Paradip Port in Odisha.

Read more: How a 9-year-old Warren Buffett learnt a lesson on compounding by rolling snowballs on the lawn of his Nebraska home

Utkarsh Small Finance Bank

Utkarsh Small Finance Bank reported a 54.9% year-on-year increase in total disbursements to Rs 3,525 crore in the quarter ended September 30, 2026, according to its provisional business update released after market hours.

Disbursements stood at Rs 2,275 crore in the year-ago quarter and Rs 3,370 crore in the preceding quarter, representing a 4.6% sequential increase.

TVS Supply Chain Solutions

TVS Supply Chain Solutions said the board of its subsidiary, TVS SCS ALA India Pvt Ltd, has approved the allotment of 1.999 crore equity shares following shareholder approval for a private placement.

The shares will be allotted to TVS SCS and ALA Mena Engines and Machinery Spare Parts Trading DWC-LLC in a 51:49 ratio, in line with the terms of their joint venture agreement.

The development follows the company's June 4 announcement regarding a proposed investment in the subsidiary.

Godrej Consumer Products

Godrej Consumer Products has inaugurated the first phase of a new manufacturing facility in Indonesia's Kendal Special Economic Zone.

The facility forms part of an investment of IDR 500 billion, or approximately Rs 250 crore, in the country.

Read more: Titan Q2FY27 update: Consumer businesses grow 25% YoY, jewellery up 21%

JSW Cement

JSW Cement has commissioned an additional 1 million tonne per annum (MTPA) cement grinding unit in Nagaur, Rajasthan.

With the commissioning of the new unit, the company's total cement grinding capacity has increased to 25.1 MTPA.

Endurance Technologies

Endurance Technologies said its wholly owned Italian subsidiary, Endurance Overseas SpA, has entered into an agreement to acquire 100% of Anna Milena SpA, Italy.

Anna Milena holds a 99.5% stake in Fondalpress SpA, while the remaining 0.5% stake will also be acquired from individual shareholders.

The total agreed consideration for the acquisition is €12.34 million for the 100% stake in Anna Milena and Fondalpress.

Zaggle Prepaid Ocean Services

Zaggle Prepaid Ocean Services plans to establish a wholly owned subsidiary in Abu Dhabi Global Market (ADGM), Abu Dhabi.

The move is aimed at expanding the fintech company's international presence and pursuing opportunities across technology and financial services.

Om Power Transmission

Om Power Transmission has received a Letter of Intent from Gujarat Energy Transmission Corporation Ltd for the supply, erection, testing and commissioning of 220kV and 66kV equipment and materials on a turnkey basis.

The order, which also includes civil works for the 220kV Kotda-Sanghani AIS substation, is valued at Rs 60.48 crore, including GST.

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