Stock Market Today (24 October 2026): IDFC First Bank Profit Jumps 196%, Ramky Wins ₹589 Cr Order

Indian stocks enter the new week with a fresh set of earnings, orders and corporate actions to track. IDFC First Bank delivered the strongest headline number of the day with a 196% jump in quarterly profit, while Ramky Infrastructure secured a ₹589 crore RVNL order. JK Cement also reported higher profit, AU Small Finance Bank received a positive outlook revision, and Utssav CZ Gold approved a 1:1 bonus issue.

Today's Key Market Highlights

IDFC First Bank Q2 Profit Jumps 196%

IDFC First Bank delivered the standout earnings update of the day, with Q2 profit rising 196% year on year. The sharp improvement puts the lender firmly on investors' radar as the banking sector moves through the quarterly results season.

The focus now shifts to the quality of earnings, loan growth, asset quality, margins and deposit trends. A strong profit number is encouraging, but investors will be watching whether the improvement can be sustained over the coming quarters.

Ramky Infrastructure Bags ₹589 Crore RVNL Order

Ramky Infrastructure secured a ₹589 crore order from Rail Vikas Nigam Limited (RVNL), adding a significant fresh contract to its order pipeline.

The order strengthens the company's exposure to railway and infrastructure spending. Investors will track execution timelines, project margins and further order wins as the company works through its growing pipeline.

JK Cement Q2 Profit Rises 6.4%

JK Cement reported a 6.4% year-on-year increase in Q2 net profit. The result provides a positive earnings signal for the cement maker as the market continues to monitor construction activity, pricing and input costs.

For the coming quarters, cement volumes, realisations, energy costs and capacity utilisation will remain the key factors influencing earnings performance.

AU Small Finance Bank Gets Positive Outlook From ICRA

ICRA upgraded the outlook on AU Small Finance Bank to 'Positive'. The move provides a constructive credit-quality signal for the lender and puts the stock in focus among banking investors.

The outlook change will be assessed alongside the bank's loan growth, asset quality, profitability and funding profile. Investors will also watch whether the positive outlook eventually translates into stronger ratings or improved funding conditions.

Utssav CZ Gold Approves 1:1 Bonus Issue

Utssav CZ Gold Jewels approved a 1:1 bonus issue, giving shareholders an additional share for every share held, subject to the applicable record-date process.

Bonus issues can increase the number of shares held by existing investors without changing the underlying value of their holding at the time of the adjustment. Investors should therefore focus on the company's operating performance rather than treating the bonus itself as a fundamental value creation event.

Kajaria Ceramics Declares ₹12 Per Share Dividend

Kajaria Ceramics announced a ₹12 per share dividend, adding a shareholder-return trigger to the stock.

Dividend-related developments are particularly relevant for investors tracking companies with established cash-generation and capital-return policies. The record date and payment timeline will be important for eligible shareholders.

Seshasayee Paper Sales Jump 45%

Seshasayee Paper and Boards reported a strong improvement in quarterly sales, with Q2 sales rising 45%. The sharp increase keeps the paper manufacturer in focus as investors assess demand, realisations and operating margins.

Ritco Logistics Bags ₹120 Crore Orders

Ritco Logistics secured orders worth approximately ₹120 crore. The fresh business adds to the company's revenue visibility and supports its position in the logistics and transportation segment.

Order execution and the ability to convert new contracts into profitable revenue will remain the key factors to watch.

Other Important Corporate Updates

• Permanent Magnets: Sees steady demand from the electric-vehicle segment, keeping EV-related growth prospects in focus.
• Panchsheel Organics: Plans to list on the NSE, potentially improving market visibility and liquidity.
• Equippp: Signed an MoU with Instillmotion for a new business collaboration.
• Supreme Power Equipment: Reported a 45% jump in first-half profit.
• Waterbase: Plans to appeal a state tax demand.
• Indian Overseas Bank: RBI revised the bank's CRAR to 19.1%.
• Agribio Spirits: Shareholders approved the proposed merger.
• S V Global Mill: Reported first-half profit of ₹6.3 crore.

Market Outlook

The latest corporate updates suggest that the market is entering another stock-specific phase as the earnings season gathers momentum. IDFC First Bank's sharp profit growth provides a strong banking trigger, while AU Small Finance Bank's positive rating outlook adds another constructive signal to the financial sector.

Infrastructure remains another important theme. Ramky Infrastructure's ₹589 crore RVNL order and Ritco Logistics' ₹120 crore order highlight continued activity in transportation and public infrastructure.

In the consumer and industrial space, JK Cement's profit growth, Seshasayee Paper's 45% sales increase and Permanent Magnets' steady EV demand offer different growth signals. Corporate actions such as Utssav CZ Gold's bonus issue and Kajaria Ceramics' dividend also add to the day's list of investor-focused developments.

For the next trading session, investors should focus on earnings quality, order execution, management commentary and upcoming corporate-action dates rather than headline numbers alone.

Stocks to Watch