Polycab India jumps on strong Q2 earnings; HDFC Bank hits 52-week high; IRCON International bags Coal India and Petronet LNG projects

Written by - Fisdom Research

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October 20, 2025 2 minutes

Market Snapshot

Indian equity benchmarks, the BSE Sensex and NSE Nifty 50, retreated on Monday afternoon after touching fresh 52-week highs, as investors opted for profit booking at higher levels.
Market sentiment turned cautious following remarks from US President Donald Trump, who warned of imposing “massive” tariffs on India over its Russian oil imports.
Early gains in the session were driven by positive global cues and a decline in Brent crude prices to around USD 61 per barrel, which helped ease inflation concerns and supported initial buying interest.

Polycab India rose around 3% on October 20, rebounding after a two-session decline, following the release of its Q2 FY26 earnings. The wire and cable manufacturer reported a net profit of ₹685.5 crore for the July–September quarter, marking a 56% year-on-year increase from ₹439.8 crore in Q2 FY25.
HDFC Bank shares hit a fresh 52-week high on Monday after the lender posted better-than-expected Q2 results, supported by steady loan growth and strong trading income. The bank’s net interest margin (NIM) stood at 3.27%, slightly lower than 3.35% in the previous quarter, while loan growth came in at 9.9% year-on-year.
Separately, IRCON International signed a non-binding MoU with Coal India earlier this month for the development of rail infrastructure for Coal India and its subsidiaries. In addition, it received a contract from Petronet LNG for civil, structural, and underground works at the PDHPP plant in Dahej, Gujarat, to be completed within 18 months.s.

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