Stocks to Watch: TCS, JSW Steel, IndiGo, and NCC in Focus for Big Market Moves
Indian equity benchmark indices are gearing up for high-octane trading on Friday, October 9, as a flurry of post-market corporate announcements, quarterly earnings, and major order wins hit Dalal Street after Thursday's closing bell. Investors and market participants will track critical operational developments spanning heavyweight information technology leaders, industrial metal giants, infrastructure developers, commercial automakers, and domestic aviation players as trading begins for the final session of the week.
TCS Q2 Earnings and JSW Steel Production Milestone
India’s largest software exporter, Tata Consultancy Services (TCS), will command primary market attention following the release of its solid second-quarter scorecard. The IT behemoth reported a consolidated net profit of ₹13,884 crore on quarterly revenues of ₹73,188 crore, accompanied by an operating profit of ₹17,553 crore and a net workforce expansion of 4,258 professionals, marking its third straight quarter of headcount growth. Meanwhile, JSW Steel posted a robust 5% year-on-year and 10% quarter-on-quarter expansion in consolidated crude steel output, reaching 7.27 million tonnes for Q2, anchored by strong domestic production that climbed 11% sequentially to 7.07 million tonnes.
Heavy Infrastructure Wins for NCC and Commercial Auto Surge for SML Mahindra
Infrastructure major NCC secured a significant commercial boost after receiving a formal Letter of Acceptance from Hyderabad Growth Corridor Limited for a road development project in Telangana valued at ₹1,286.03 crore excluding GST, slated for execution over an 18-month timeline. In the auto segment, commercial vehicle maker SML Mahindra revealed positive September operational metrics, registering a 19.83% annual rise in vehicle production to 1,257 units and an impressive 31.90% surge in total domestic sales to 1,071 units, despite exports contracting 61.59% down to 53 units during the month.
IndiGo Fuel Surcharges, Toll Revenue Gains, and Key Strategic Alliances
Aviation bellwether IndiGo (InterGlobe Aviation) will face pricing and volume reactions after implementing distance-tiered fuel surcharges between ₹400 and ₹1,200 on all new domestic ticket bookings starting October 9, directly responding to elevated aviation turbine fuel (ATF) costs. Highway developer IRB Infrastructure recorded a sharp 24% annual growth in September toll collections to ₹773 crore, up from ₹622 crore year-on-year. In executive leadership news, Cummins India approved the appointment of Adegbile Adedapo Adewunmi as Additional Director and Managing Director effective November 1, 2026, for a three-year tenure. Rounding out market catalysts, battery storage firm Pace Digitek clinched a ₹179.4 crore, 115 MWh storage project from BSES Rajdhani Power, while IT player Hexaware Technologies expanded its cloud footprint via a strategic alliance with Cloud Partner Network.
