Indian stock markets witnessed a strong rally on Thursday, driven by optimism surrounding domestic earnings recovery and positive global cues, placing several key stocks in focus. Investors are closely monitoring companies like Infosys, Jio Financial Services, Wipro, Reliance Industries, and Hindustan Zinc, among others, as they navigate the current market dynamics.
Infosys
Infosys, India's second-largest software exporter, reported a 13% year-on-year growth in net profit, reaching ₹7,364 crore for the second quarter. Revenue from operations also rose by 9% to ₹44,490 crore. The company has declared an interim dividend of ₹23 per share, with October 27, 2025, set as the record date and November 7, 2025, as the payout date. Furthermore, Infosys has revised the lower end of its FY26 revenue guidance upwards to 2-3% from the previous 1-3%. CEO Salil Parekh highlighted the company's strong growth and relevance in the market, emphasizing their understanding of client priorities in leveraging AI. Brokerages have issued 'buy' ratings for Infosys, citing steady execution and an improving deal pipeline. However, the company's American Depository Receipt (ADR) experienced a decline following the earnings announcement.
Jio Financial Services
Jio Financial Services (JFS) reported a 0.9% year-on-year growth in its consolidated Q2 net profit, amounting to ₹695 crore. The company's revenue from operations surged by 41% to ₹981 crore. The Board has approved raising ₹15,825 crore via warrants to promoter group entities for investments in insurance and lending ventures. JFS is also expanding its reach through partnerships with BlackRock and Allianz, venturing into asset management, insurance, and securities broking. The stock has shown stability, with analysts suggesting a bullish setup. Technically, the stock faces resistance near ₹320-₹330, and a decisive close above ₹330 could signal a potential move towards ₹360–₹380.
Wipro
Wipro, a leading IT services company, reported a 1.2% growth in its consolidated Q2 net profit, reaching ₹3,246 crore. However, this fell short of Street estimates. Revenue from operations saw a modest increase of 1.8% to ₹22,697 crore. The company expects revenue from its IT Services business segment to be in the range of $2,591 million to $2,644 million for the December quarter. Wipro's voluntary employee attrition rate has dropped to 14.9% in September 2025. Total bookings stood at $4,688 million, a 31% year-on-year increase, and large deal bookings jumped 91% year-on-year.
Reliance Industries
Reliance Industries (RIL) is expected to post strong results, with an anticipated 11% year-on-year rise in consolidated net profit for Q2 FY26. This growth is predicted to be driven by robust performance in the oil-to-chemicals (O2C) and telecom sectors. Revenue is estimated to grow by 7% year on year. Reliance Jio is expected to maintain its growth trajectory, with subscriber additions estimated at 5-7 million. Investors are also hoping for improved margins in the O2C business and strong performance from Jio.
Hindustan Zinc
The board meeting for Hindustan Zinc is scheduled for today to consider and approve the unaudited financial results for the second quarter and half-year ended September 30, 2025. Market experts suggest that Hindustan Zinc's exposure to silver is underpriced, potentially leading to a re-rating.
