Stocks to Watch Oct 15: Jio Platforms IPO Opens Oct 21, IDBI Bank's Fairfax Deal Cleared
Stocks to watch on October 15, 2026 include Reliance Industries, IDBI Bank, CEAT, Hyundai Motor India and Tata Technologies, based on company announcements and results on October 14. Earnings season is in full swing, and several companies also issued updates on acquisitions, deals and investments.
Reliance Industries: Jio Platforms Files Prospectus
On Wednesday, October 14, Reliance Industries' subsidiary Jio Platforms submitted its red herring prospectus to the Registrar of Companies in Ahmedabad, Gujarat. Anchor investors get the first allocation on October 19, and the public issue runs from October 21 to October 23, 2026. Up to ₹500 crore is reserved for eligible employees and up to ₹2,500 crore for eligible Reliance Industries shareholders.
IDBI Bank: Government Approves Fairfax Bid
The Cabinet Committee on Economic Affairs cleared Fairfax Financial Holdings to buy a 60.72% stake in IDBI Bank for ₹52,878.08 crore. The government is selling 30.48% and Life Insurance Corporation of India is selling 30.24%. Fairfax offered ₹81 per share, above the independent benchmark valuation of ₹75.99. Finance Minister Nirmala Sitharaman called the clearance a milestone for India's reform agenda, saying foreign direct investment will support the bank's next growth phase while the government retains a minority stake.
Earnings and Investment Updates
| Company | Key figure | Change / Signal |
|---|---|---|
| CEAT (Sep quarter) | Net profit ₹112 crore | -39.8% from ₹186 crore |
| CEAT revenue | ₹4,762 crore | +26.2% from ₹3,773 crore |
| CEAT EBITDA | ₹457 crore | -9.1% from ₹503 crore |
| CEAT EBITDA margin | 9.6% | Down from 13.3% |
| Tata Technologies net profit | ₹171.4 crore | -5.2% from ₹180.8 crore |
| Tata Technologies revenue | ₹1,698.8 crore | +28.4% from ₹1,323.3 crore |
| HDB Financial net profit | ₹780 crore | +34% from ₹581 crore |
| HDB Financial net interest income | ₹2,534 crore | +15.5% from ₹2,193 crore |
CEAT sold more but earned less, with costlier raw materials weighing on margins. Tata Technologies' constant-currency revenue rose 1.9% sequentially, close to the 2% estimate. Its services segment grew 4.3% sequentially in constant currency and 33.9% year on year to ₹1,355.7 crore, while technology solutions added ₹343.1 crore, up 10.5%. EBIT rose 25.3% to ₹238.7 crore, but the EBIT margin edged down to 14.1% from 14.4%. HDB Financial's board declared an interim dividend of ₹2 per equity share on a face value of ₹10.
Hyundai Motor India plans a ₹11,000 crore investment, deployed in phases, at its Talegaon plant in Pune to expand capacity. Maharashtra Chief Minister Devendra Fadnavis inaugurated the facility on Wednesday, with Hyundai Motor Group Executive Chair Euisun Chung among those present.
Results Calendar
As many as 35 companies are scheduled to announce Q2 results on October 15, 2026. Nestle India, Wipro, Tech Mahindra, Jio Financial Services, Polycab India, HDFC Life Insurance, HDFC Asset Management and Persistent Systems are in focus. IRFC, L&T Finance, Tata Communications, 360 ONE WAM, Karur Vysya Bank, Angel One, IIFL Finance, Metro Brands, CCL Products India, South Indian Bank and Tips Music also report.
Market and Sector Impact
The updates span a large technology and telecom IPO filing, a banking ownership change, a margin squeeze at a tyre maker and mixed IT services earnings. Raw material costs hurt CEAT's profitability even as revenue grew strongly.
What to Watch
Track the Jio Platforms anchor book on October 19 and the subscription window from October 21 to 23, any follow-up on the Fairfax transaction, and the day's Q2 results.