28 October 2026 Punjab Khabarnama Bureau : Indian stock markets are set for a busy trading session on Wednesday, October 28, 2026, as investors track major corporate earnings, new stock market listings and developments across the automobile, pharmaceutical, financial services and infrastructure sectors. Jio Platforms and Paras Healthcare are among the companies attracting attention as they prepare to make their stock market debuts.
Larsen & Toubro (L&T), Maruti Suzuki India, Gandhar Oil Refinery, Home First Finance, Capri Global Capital, Piramal Pharma, Tata Capital and Steel Authority of India (SAIL) are also in focus following their September-quarter earnings announcements.
The broader market opened lower amid rising crude oil prices and caution ahead of the US Federal Reserve’s policy decision. At the opening bell, the Nifty 50 declined 0.32% to 22,678, while the Sensex fell 0.47% to 73,253.44, according to Reuters. Investors will be watching whether company-specific developments can offset wider market pressure.
Jio Platforms: Record-Breaking IPO Listing
Jio Platforms, the telecommunications and digital services business backed by Reliance Industries, is scheduled to list on the BSE and NSE on Wednesday following its record-breaking initial public offering.
The company priced its IPO at ₹1,119 per share, raising approximately ₹30,213 crore. The issue attracted bids worth around $77 billion and was subscribed more than 22 times, reflecting substantial demand from institutional and other investors.
Jio Platforms has an implied valuation of approximately ₹10.3 lakh crore at the issue price. The listing is expected to be closely watched because of the company’s large customer base, its position in India’s digital economy and its ambitions in artificial intelligence and other technology services.
Investors will focus on the opening share price, listing premium and trading volumes. However, grey market premiums are unofficial indicators and do not guarantee listing gains.
Paras Healthcare: Hospital Operator Makes Market Debut
Paras Healthcare is also scheduled to list on the stock exchanges on October 28 after completing its ₹1,450-crore IPO.
The company fixed its issue price at ₹693 per share, at the upper end of the ₹660–₹693 price band. The IPO received an overall subscription of 2.23 times.
The offering included a fresh issue of shares and an offer for sale by existing shareholders. Part of the fresh issue proceeds is intended for debt repayment, including borrowings at the company and its subsidiary.
Paras Healthcare operates hospitals under the Paras Health brand across several Indian cities. Investors will monitor its listing price and market response, along with the company’s financial performance and expansion plans.
Maruti Suzuki: Profit Declines Despite Revenue Growth
Maruti Suzuki India reported a 26.4% year-on-year decline in consolidated net profit to ₹2,466.1 crore for the September quarter, compared with ₹3,349 crore in the corresponding period last year.
Revenue, however, rose 26% to ₹53,355.5 crore from ₹42,344.2 crore.
The contrasting performance of revenue and profit will be an important focus for investors assessing the country’s largest carmaker by volume. Market participants will also look for commentary on demand, product mix, input costs and margins.
The results could influence sentiment towards the automobile sector, particularly as investors assess whether revenue growth can translate into stronger profitability.
L&T: Profit Rises 33%
Engineering and infrastructure major Larsen & Toubro reported a 33% year-on-year increase in consolidated net profit to ₹5,202 crore for the second quarter of FY27, compared with ₹3,926 crore a year earlier.
Revenue grew 16% to ₹78,750 crore, while earnings before interest, tax, depreciation and amortisation (EBITDA) increased slightly to ₹6,845 crore. The EBITDA margin declined to 8.7% from 10%.
The company’s order inflow jumped 28% to approximately ₹1.47 lakh crore, providing an important indicator of demand for its engineering and construction services.
Investors will assess the balance between strong order inflows and margin performance as they evaluate the outlook for infrastructure spending and project execution.
Gandhar Oil: Sharp Increase in Quarterly Profit
Gandhar Oil Refinery India reported a substantial improvement in its September-quarter financial performance.
Consolidated net profit surged 368.4% year-on-year to ₹186.3 crore, compared with ₹39.8 crore in the same quarter last year. Revenue rose 72.9% to ₹1,846.6 crore from ₹1,068.1 crore.
The sharp increase in both figures puts the stock on investors’ watchlists. Market participants will look for details about the factors behind the improvement and whether the performance can be sustained in coming quarters.
Home First Finance: Profit Grows 29%
Home First Finance Company India reported a 29.1% year-on-year increase in profit to ₹170.2 crore. Net interest income also rose 29.1% to ₹266.7 crore.
Investors will assess the company’s lending growth, funding costs, asset quality and margins to understand the sustainability of its earnings performance.
As a housing finance company focused on home loans, its outlook will also be influenced by demand for affordable housing and developments in the broader lending market.
Capri Global Capital: Earnings Show Strong Growth
Capri Global Capital reported a 66.9% year-on-year increase in standalone profit to ₹353.3 crore. Net interest income rose 71.6% to ₹704.9 crore.
The figures put the non-banking financial company in focus as investors examine lending growth, profitability and the quality of its loan portfolio.
Market participants will also monitor whether the company can maintain its earnings momentum while managing credit risks and funding costs.
Piramal Pharma Returns to Profit
Piramal Pharma reported consolidated net profit of ₹5.58 crore for the September quarter, compared with a loss of ₹99.2 crore in the corresponding period last year.
Revenue increased 28% year-on-year to ₹2,617.1 crore from ₹2,043.7 crore.
The return to profitability and stronger revenue growth will be key areas of interest. Investors will look for further details on margins, business-segment performance and the company’s ability to sustain the improvement.
Tata Capital: Profit Jumps 51%
Tata Capital reported a 51.3% year-on-year increase in consolidated profit to ₹1,659.9 crore for the September quarter. Revenue rose 20.7% to ₹9,341.8 crore.
Investors will track the company’s growth in lending and other financial services, along with asset quality and funding costs. Its results may also provide insights into conditions across India’s wider lending market.
SAIL: Steelmaker Reports Strong Profit Growth
Steel Authority of India reported a 318.1% year-on-year increase in consolidated net profit to ₹1,750.5 crore. Revenue rose 19.8% to ₹31,997.6 crore.
The results place the state-owned steelmaker in focus as investors evaluate steel demand, realisations, raw-material costs and the outlook for domestic infrastructure and industrial activity.
Other Stocks in Focus
Several other companies are scheduled to announce their September-quarter results on October 28. These include Hindustan Unilever, Hero MotoCorp, Hyundai Motor India, TVS Motor Company, Adani Enterprises, Adani Ports and Special Economic Zone, Vedanta, Pidilite Industries, JSW Energy and Bandhan Bank.
Investors will monitor these announcements for changes in revenue growth, margins, profitability and management guidance.
Market Outlook for October 28
The day’s trading is likely to be influenced by a combination of earnings reactions, the Jio Platforms and Paras Healthcare listings, crude oil prices and global monetary-policy developments.
While strong quarterly results can support individual stocks, market movements will also depend on valuations, investor expectations and broader risk appetite. The opening decline in benchmark indices highlights the cautious mood at the start of the session.
Investors should distinguish between companies reporting strong financial growth and stocks whose prices already reflect optimistic expectations. Listing premiums and early trading movements can also change quickly, making the first session only an initial indication of market sentiment.