Stocks to Watch Today: ICICI Bank, HDFC Bank, Axis Bank and Others (October 19, 2026)

Indian equity markets will track a busy corporate calendar on October 19, 2026, with several companies announcing their September-quarter results and others reporting new contracts, investment plans and strategic developments.  

ICICI Bank, HDFC Bank, Axis Bank and Yes Bank have reported year-on-year growth in quarterly profits, while Urban Company’s widening losses and proposed fundraise will also draw attention. 

RailTel Corporation, GPT Infraprojects, ACME Solar Holdings, LCC Projects and Zen Technologies are among the companies in focus following order wins, power purchase agreements and investment decisions. Investors will also monitor developments across the infrastructure, defence, manufacturing and financial services sectors. 

ICICI Bank Ltd 

ICICI Bank reported a 20.1% year-on-year increase in standalone net profit to ₹14,843 crore for the September quarter, compared with ₹12,358.9 crore a year earlier. Net interest income rose 17.7% to ₹25,338.7 crore from ₹21,529.5 crore.  

Provisions and contingencies declined 6.9% to ₹850.7 crore from ₹914.1 crore. Asset quality improved, with gross non-performing assets (NPAs) falling to 1.20% from 1.38% in the previous quarter and net NPAs declining to 0.30% from 0.35%. The bank has also sought RBI approval for the continuation of Pradeep Kumar Sinha as its non-executive part-time chairperson. 

HDFC Bank Ltd 

HDFC Bank recorded a 4.7% year-on-year rise in standalone net profit to ₹19,510 crore in the September quarter, compared with ₹18,641.3 crore in the corresponding period last year. Net interest income increased 9.7% to ₹34,619.2 crore from ₹31,551.5 crore.  

Provisions and contingencies edged up 2.1% to ₹3,573.6 crore from ₹3,500.5 crore. Gross NPAs improved to 1.11% from 1.17% in the previous quarter, while net NPAs declined to 0.37% from 0.41%. 

Axis Bank Ltd 

Axis Bank reported a 35.6% year-on-year jump in standalone net profit to ₹7,003.3 crore for the September quarter, compared with ₹5,089.6 crore a year earlier. Net interest income grew 11.8% to ₹15,371.4 crore from ₹13,745 crore. Provisions and contingencies fell 52.2% to ₹1,693.7 crore from ₹3,547 crore.  

Gross NPAs declined to 1.16% from 1.28% in the previous quarter, while net NPAs dropped to 0.35% from 0.39%. The bank has also appointed Rahul Shukla as Group Head, Commercial and Bharat Banking, effective October 19, 2026. 

Yes Bank Ltd 

Yes Bank posted a 65% year-on-year increase in standalone net profit to ₹1,080 crore for the September quarter, against ₹654 crore in the year-ago period. Net interest income rose 22.7% to ₹2,822 crore from ₹2,301 crore.  

Provisions and contingencies declined 24.2% to ₹317 crore from ₹419 crore. Gross NPAs improved to 1.2% from 1.3% in the previous quarter, while net NPAs remained unchanged at 0.2%. The bank’s quarterly performance and asset quality trends will remain on investors’ radar. 

Urban Company Ltd 

Urban Company reported a consolidated net loss of ₹182.5 crore for the September quarter, compared with a loss of ₹59.3 crore in the corresponding period last year. Revenue increased 41.4% year on year to ₹537.3 crore from ₹380 crore.  

The company’s board has approved a fundraise of up to ₹2,500 crore through equity shares and convertible securities. Investors will assess the impact of the widening loss alongside revenue growth and the proposed capital-raising plan. 

Le Travenues Technology Ltd (Ixigo) 

Le Travenues Technology, which operates the Ixigo travel platform, reported consolidated net profit of ₹61.3 crore for the September quarter, compared with a loss of ₹3.2 crore in the year-ago period.  

Revenue rose 12.9% to ₹320.96 crore from ₹284.2 crore. The return to profitability, alongside higher revenue, will keep the travel technology company in focus. 

RailTel Corporation of India Ltd 

RailTel Corporation of India received a Letter of Acceptance worth ₹167.52 crore from the Railway Recruitment Board, Secunderabad, for application management and recruitment management system services covering the pre-examination and post-examination stages of recruitment.  

The company also secured a purchase order worth ₹18.99 crore from Health Insurance TPA of India for IT infrastructure and cybersecurity solutions over three years. The two developments strengthen its order pipeline across railway services and digital infrastructure. 

Read More: Bajaj Housing Finance Share Price in Focus After Q2 FY27 Earnings Results: Total Income Up 18.3% YoY! 

GPT Infraprojects Ltd 

GPT Infraprojects secured two railway signalling contracts. The company received an order worth ₹149.5 crore from the Chief Signal and Telecommunication Engineer of Western Railway’s Bhavnagar Division.  

It also received a work order worth ₹134.11 crore from Western Railway’s Ratlam Division for signalling works. The combined contract value of ₹283.61 crore adds to its railway infrastructure order book and supports business visibility. 

Adroit Infotech Ltd 

Adroit Infotech has entered into a non-binding agreement to acquire a majority equity stake in Verso Altima Group D.O.O., a business integrator and digital solutions provider headquartered in Zagreb, Croatia.  

The proposed transaction marks a potential expansion of the company’s international presence and digital services business. Investors will monitor further details regarding the transaction and its eventual completion. 

ACME Solar Holdings Ltd 

ACME Solar Holdings’ subsidiary, ACME Greentech Twenty, has executed a power purchase agreement with the Solar Energy Corporation of India for a 300 MW assured peak power project under FDRE Tranche IX.  

The agreed tariff is ₹6 per unit. The agreement marks a further step in the subsidiary’s renewable energy project development and will remain in focus as investors assess its contribution to the company’s project portfolio. 

LCC Projects Ltd 

LCC Projects received an Acceptance of Tender from the Government of Gujarat for an engineering, procurement and construction contract involving water supply from Machhu-I Dam to Triveni Thanga Reservoir and various villages in the Wankaner and Chotila talukas.  

The contract includes operation and maintenance of the commissioned project for 10 years and has an estimated value of ₹151.57 crore. The award strengthens the company’s presence in water infrastructure and public-sector projects. 

Zen Technologies Ltd 

Zen Technologies’ board has approved an investment of ₹135.15 crore to acquire a 51.98% stake in Cogknit Semantics, a Bengaluru-based defence technology company.  

The proposed acquisition could expand Zen Technologies’ exposure to defence technology capabilities. Investors will track the transaction’s progress and its potential contribution to the company’s business operations. 

Axiscades Technologies Ltd 

Axiscades Technologies’ board has approved the appointment of Uttam Kumar Bhageria as Chief Financial Officer-designate, effective October 21, 2026. The management development will be monitored as the company prepares for the transition in its finance leadership. 

Bharat Forge Ltd 

Bharat Forge has invested ₹240 crore in the equity shares of its subsidiary, Kalyani Strategic Systems, through a rights issue at fair value. The investment was funded through proceeds from the company’s qualified institutional placement and internal accruals.  

Of the total amount, Kalyani Strategic Systems will further invest ₹163 crore in its subsidiary, Agneyastra Energetics, through a rights issue. The transactions support funding across the group’s strategic and defence-related businesses. 

Power Grid Corporation of India Ltd 

Power Grid Corporation of India has been declared the successful bidder for the 765 kV GIS Pune West transmission project on a build, own, operate and transfer basis. The project carries annual transmission charges of ₹199.55 crore and includes a new 765/400 kV gas-insulated switchgear substation at Pune West in Maharashtra, along with 765 kV and 400 kV transmission lines and associated bays.  

With this award, Power Grid has secured 10 transmission system projects in the current financial year to date, taking cumulative annual transmission charges to ₹7,863.63 crore. 

Amber Enterprises India Ltd 

Amber Enterprises India’s subsidiary, IL JIN Electronics (India), has entered into share-swap agreements to acquire the remaining 40% stake in Power-One Micro Systems and the remaining 1.50% stake in Ascent Circuits, both on a fully diluted basis.  

Consideration for the acquisitions will be paid through the allotment of compulsorily convertible preference shares to the respective sellers. Following completion, IL JIN Electronics will hold 100% stakes in both businesses, making them wholly owned subsidiaries and, consequently, subsidiaries of Amber Enterprises India. 

Dodla Dairy Ltd 

Dodla Dairy stated that it had submitted a representation to the Food Safety and Standards Authority of India on April 24, 2026, challenging a referral laboratory report and highlighting differences between the primary and referral laboratory findings.  

The company said it had not received any formal prosecution or sanction order, or any further communication from the regulator following its representation, as of the date of its clarification. It also stated that there had been no financial or operational impact at that point. 

Vedanta Ltd 

Vedanta announced plans to double annual zinc production capacity at its South African operations to 5 lakh tonnes through an investment of nearly $600 million in Phase II of the Gamsberg project under Vedanta Zinc International.  

The expansion plan is aimed at increasing production capacity and strengthening the company’s zinc operations in South Africa. 

RBL Bank Ltd 

RBL Bank has received approval from the Reserve Bank of India for the amalgamation of all Indian branches of Emirates NBD Bank PJSC with RBL Bank, effective December 1, 2026. The development marks a significant change in the bank’s operations and will remain in focus as the effective date approaches. 

JSW Steel Ltd 

The National Company Law Tribunal, Mumbai, has sanctioned the scheme of amalgamation of Piombino Steel with JSW Steel. The approval advances the proposed corporate restructuring and will be monitored for its implications for the company’s business and operations. 

MOIL Ltd 

MOIL has incorporated a joint venture named MOIL MPSMCL Mining for the mining of manganese ore. The development marks a step towards expanding its mining activities through a joint venture structure. 

TVS Srichakra Ltd 

TVS Srichakra will incur additional capital expenditure of ₹49.20 crore on online balancing and debottlenecking initiatives, including the expansion of curing capacity at its manufacturing facilities in Madurai, Tamil Nadu, and Uttarakhand. The initiatives are intended to increase two-wheeler and three-wheeler tyre production capacity by 6–7%, effective January 2027. 

Conclusion 

Quarterly earnings from leading private banks, fresh railway contracts, renewable energy agreements, defence technology investments and infrastructure project awards are likely to drive stock-specific activity on October 19, 2026. Investors will also track corporate restructuring, fundraise proposals and capacity expansion plans for further cues.  

Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.  

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