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Trendlyne Marketwatch
20 Oct 2025
Market closes higher, Reliance Industries' Q2FY26 net profit grows 10% YoY
By Trendlyne Analysis

 

Nifty 50 closed at 25,843.15 (133.3, 0.5%), BSE Sensex closed at 84,363.37 (411.2, 0.5%), while the broader Nifty 500 closed at 23,716.10 (118.1, 0.5%). Market breadth is in the green. Of the 2,605 stocks traded today, 1,456 showed gains, and 1,091 showed losses.

Indian indices closed higher after extending gains in the afternoon session. The Indian volatility index, Nifty VIX, fell 2.3% and closed at 11.4 points. Reliance Industries closed 3.5% in the green as its Q2FY26 net profit grew 9.7% YoY to Rs 18,165 crore, helped by lower raw materials and inventory expenses.

Nifty Smallcap 100 and Nifty Midcap 100 closed in the green, tracking the benchmark index. Nifty PSU Bank and S&P BSE Energy were among the best-performing indices of the day. According to Trendlyne’s sector dashboard, Oil & Gas emerged as the highest-performing sector of the day, with a rise of 2.6%.

European indices are trading higher, except France’s CAC 40 and Switzerland’s SMI indices, which are trading 0.1% and 0.3% lower, respectively. Major Asian indices closed in the green. US index futures are trading higher, indicating a positive start to the session as investors assessed signs of easing in trade tensions between the US and China. Meanwhile, WR Berkley Corp, Steel Dynamics and Summit Therapeutics are set to report their results later today.

  • Money flow index (MFI) indicates that stocks like SRF, Tata Communications, Ather Energy, and 360 One Wam are in the overbought zone.

  • India Cements posts a net profit of Rs 8.8 crore in Q2FY26 compared to a net loss of Rs 339.1 crore in Q2FY25, helped by lower employee benefits, finance, power & fuel and freight & forwarding expenses. Revenue declines 3.8% YoY to Rs 1,146 crore during the quarter. The company's board approves a capacity expansion of 2.8 million tonnes (MT) with a capex of Rs 440 crore.

  • Ceat surges to an all-time high as it posts net profit growth of 52.9% YoY to Rs 185 crore in Q2FY26, due to lower input costs, beating Forecaster estimates by 39.2%. Revenue rises by 14.2% to Rs 3,773, led by increased export momentum and strong OEM demand after GST rationalisation. The company shows up in a screener of stocks with a positive breakout from the third resistance.

  • Sterling & Wilson Renewable Energy bags three domestic and international orders worth Rs 1,772 crore for solar projects. The orders include a 363 megawatt-peak (MWp) DC project in Rajasthan, a 580 MWp DC project in Uttar Pradesh and a 115 MWp DC project in South Africa.

  • Punjab National Bank surges to its 52-week high of Rs 119.1 as its Q2FY26 net profit grows 13.9% YoY to Rs 4,903.7 crore, helped by lower employee benefits expenses. Revenue jumps 5.1% YoY to Rs 36,213.6 crore, owing to improvements in the treasury operations and retail banking segments. The bank's asset quality improves as its gross and net NPAs decline by 103 bps and 10 bps YoY, respectively.

  • Federal Bank surges to its all-time high of Rs 229.5 as its Q2FY26 net profit beats Forecaster estimates by 8.4% despite falling 9.5% YoY to Rs 991.9 crore due to higher interest, employee benefits, and provisions expenses. However, revenue grows 3.8% YoY to Rs 8,321.5 crore, driven by improvements in the corporate and retail banking segments. The bank's asset quality improves as its gross and net NPAs decline by 26 bps and 9 bps YoY, respectively.

  • Bharat Rasayan is rising as its board of directors schedules a meeting on October 24 to consider a proposal for a stock split and a bonus issue.

  • Avaada Group's solar arm, Avaada Electro, files a Draft Red Herring Prospectus (DRHP) with SEBI through the confidential pre-filing route, aiming to raise Rs 10,000 crore via an Initial Public Offering (IPO). 

  • DCB Bank is rising as its Q2FY26 net profit grows by 14.8% YoY to Rs 615 crore due to lower credit costs, beating Forecaster estimates by 21.8%. Revenue rises 13.3% supported by healthy growth in mortgages, co-lending, construction finance and gold loan segments. The bank's asset quality improves with gross NPA decline of 38 bps.

  • Yes Bank is rising as its Q2FY26 net profit grows 18.3% YoY to Rs 654.5 crore owing to lower interest expenses. However, revenue declines 1.2% YoY to Rs 9,023.2 crore due to a reduction in the treasury operations segment. The bank's asset quality improves as its net NPAs decline 20 bps YoY.

  • Ultratech Cement is falling as its Q2FY26 net profit misses Forecaster estimates by 14% despite surging 75% YoY to Rs 1,232 crore. However, revenue jumps 21.3% YoY to Rs 19,371 crore, driven by growth in the grey cement, construction chemicals, RMC, and white cement segments. It shows up in a screener of stocks with expensive valuations according to the Trendlyne's valuation score.

  • ICICI Bank's management expects strong retail loans and advances growth in H2FY26. They add that a potential RBI rate cut will have a minimal impact on its net interest margin (NIM). 

  • IDBI Bank rises sharply as its Q2FY26 net profit jumps 73.6% YoY to Rs 3,229.6 crore, helped by a Rs 1,231.4 crore return from provisions. Revenue grows 5.1% YoY to Rs 9,263.5 crore, driven by improvements in the treasury operations and retail banking segments. The bank's asset quality improves as its gross NPAs decline by 103 bps YoY.

  • IDFC First Bank is rising sharply as its Q2FY26 net profit surges 64.1% YoY to Rs 347.8 crore, driven by lower provisions. Revenue jumps 10.7% YoY to Rs 11,828.4 crore, led by improvements in the treasury operations, corporate and retail banking segments. The bank's asset quality improves as its gross NPAs decline by 6 bps YoY.

  • JSW Energy is falling as its Q2FY26 net profit declines 17.4% YoY to Rs 704.7 crore due to higher fuel, employee benefits and finance costs. However, revenue jumps 55% YoY to Rs 5,361.1 crore, driven by improvements in the thermal and renewable energy segments. It shows up in a screener of stocks with the highest increase in promoter pledges.

  • US President Trump notes that India will continue to pay heavy tariffs if they don't discontinue Russian oil purchases.  

  • HDFC Bank rises as its Q2FY26 net profit grows 10.8% YoY to Rs 18,641.3 crore. Revenue rises 10.3% to Rs 45,900 crore, led by improvements in the treasury operations, retail and corporate banking segments. The bank's asset quality improves, as its gross NPAs decline 12 bps.

  • L&T Technology Services is rising as its Q2FY26 net profit grows 4.1% QoQ to Rs 328.7 crore. Revenue jumps 3.8% QoQ to Rs 3,045.1 crore, led by improvements in the mobility, sustainability and tech segments. It features in a screener of stocks with increasing book value over the past two years.

  • ICICI Bank's Q2FY26 net profit grows 3.2% YoY to Rs 13,357.1 crore, helped by lower interest and provisions expenses. Revenue rises 4.4% YoY to Rs 76,146.6 crore, led by improvements in the treasury operations, retail and corporate banking segments. The bank's asset quality improves as its gross and net NPAs decline 39 bps and 3 bps YoY, respectively.

  • JSW Steel's Joint Managing Director and Chief Executive Officer, Jayant Acharya, expects the company to outperform in volumes and earnings in H2FY26 compared to H1FY26. He adds that the Dolvi Phase-III expansion and the GST rate cuts will boost demand in H2FY26. 

  • AU Small Finance Bank surges to its all-time high of Rs 857.2 as its Q2FY26 revenue grows 14.8% YoY to Rs 5,223.9 crore, helped by improvements in the treasury operations, retail and corporate banking segments. However, net profit declines 1.9% YoY to Rs 560.9 crore due to higher provisions, employee benefits, and interest expenses. The bank's asset quality worsens as its gross and net NPAs rise 43 bps and 13 bps YoY, respectively.

  • RBL Bank surges to its 5-year high of Rs 314.9 as Emirates NBD Bank enters an agreement to acquire a majority stake in the bank for $3 billion (~Rs 26,850 crore). RBL Bank's Q2FY26 net profit declines 16.9% YoY to Rs 192.5 crore due to higher interest and employee benefits expenses. Revenue falls marginally by 0.4% YoY to Rs 4,441.6 crore during the quarter. The bank's asset quality improves as its gross and net NPAs decline by 56 bps and 22 bps YoY, respectively.

  • Dixon Technologies' Q2FY26 net profit surges 71.9% YoY to Rs 670 crore. Revenue jumps 33.2% YoY to Rs 15,350.8 crore, led by an improvement in the mobile & other electronic manufacturing services (EMS). It appears in a screener of newly affordable stocks with good financials and durability.

  • Reliance Industries is rising as its Q2FY26 net profit grows 9.7% YoY to Rs 18,165 crore, helped by lower raw materials and inventory expenses. Revenue jumps 9.6% YoY to Rs 2.6 lakh crore, driven by improvements in the oil to chemicals (O2C), retail and digital services segments. It features in a screener of stocks with PEG lower than industry PEG.

  • Nifty 50 was trading at 25,906.40 (196.6, 0.8%), BSE Sensex was trading at 84,269.30 (317.1, 0.4%), while the broader Nifty 500 was trading at 23,744.50 (146.5, 0.6%).

  • Market breadth is in the green. Of the 2,155 stocks traded today, 1,278 were on the uptrend, and 769 went down.

Riding High:

Largecap and midcap gainers today include Au Small Finance Bank Ltd. (865.20, 9.2%), IDFC First Bank Ltd. (76.93, 7.0%) and Federal Bank Ltd. (227.08, 6.9%).

Downers:

Largecap and midcap losers today include Dixon Technologies (India) Ltd. (16,075, -3.7%), ICICI Bank Ltd. (1,390.30, -3.2%) and JSW Energy Ltd. (525.20, -2.9%).

Volume Shockers

25 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included Ceat Ltd. (4,203.90, 12.6%), Au Small Finance Bank Ltd. (865.20, 9.2%) and RBL Bank Ltd. (326.65, 9.1%).

Top high volume losers on BSE were Tejas Networks Ltd. (539.70, -8.5%), UTI Asset Management Company Ltd. (1,340, -4.4%) and Metro Brands Ltd. (1,159.60, -3.6%).

eClerx Services Ltd. (4,314.40, 6.0%) was trading at 12.8 times of weekly average. Can Fin Homes Ltd. (838.35, 4.7%) and Radico Khaitan Ltd. (3,254.70, 4.7%) were trading with volumes 9.8 and 6.2 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

26 stocks overperformed with 52 week highs, while 5 stocks tanked below their 52 week lows.

Stocks touching their year highs included - Apollo Hospitals Enterprise Ltd. (8,010, 1.4%), Bajaj Finance Ltd. (1,081, 1.0%) and Bajaj Finserv Ltd. (2,139.80, 2.7%).

Stocks making new 52 weeks lows included - Finolex Cables Ltd. (790, 0.9%) and Westlife Foodworld Ltd. (593, -1.1%).

17 stocks climbed above their 200 day SMA including Ingersoll-Rand (India) Ltd. (3,899.40, 4.6%) and Bandhan Bank Ltd. (166.99, 3.7%). 20 stocks slipped below their 200 SMA including Metro Brands Ltd. (1,159.60, -3.6%) and Shree Cements Ltd. (28,880, -2.7%).

 
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