Tata Steel, BHEL and Wipro among key stocks in focus following corporate results and orders

Indian stock markets are poised for a positive start today, with GIFT Nifty pointing to a gap-up opening for the Sensex and Nifty. This follows a rare decline in the previous Muhurat Trading session where both benchmark indices snapped a six-session winning streak and closed in the negative territory for the first time in nine years.

Corporate Updates

Several major companies are drawing attention due to earnings reports, major acquisitions, and fresh orders. Tata Steel reported a consolidated profit after tax of ₹3,699.59 crore for the second quarter of the 2027 financial year, marking a rise from the previous year. Voltas posted a jump in net profit to ₹52.6 crore alongside higher operational revenue. Siemens also registered an increase in its net profit for the July-September quarter.

Orders and Acquisitions

Bharat Heavy Electricals has secured an order worth between ₹600 crore and ₹900 crore from Power Grid Corporation of India to install equipment in Rajasthan. Marico has signed agreements to buy a 51% stake in Bonorizon Consumer Ventures for up to ₹35 crore. Adani Enterprises announced that its joint venture AdaniConneX has completed the full acquisition of Vizag Mega Data Center Park. Additionally, Wipro named Angan Guha as the head of its Americas 2 Strategic Market Unit, and Waaree Renewable Technologies secured a solar project order.

Context

Special Muhurat Trading sessions are held annually on Diwali by Indian stock exchanges as an auspicious start to the Hindu calendar year. Corporate earnings reports released during quarterly windows frequently drive stock-specific price movements based on how company profits and revenues match market expectations.