Stock Market Today (27 October 2026): Bandhan Bank, L&T, Gravita in Focus

Indian equities remained firmly in the middle of the earnings season on 27 October 2026, with a mixed set of quarterly numbers across banking, finance, infrastructure, auto and metals. Bandhan Bank stood out with expectations of a sharp 385% jump in quarterly profit, while Home First Finance and Gravita India reported strong growth in profit and revenue. L&T delivered higher profit but came under pressure from margin contraction and project delays. Maruti Suzuki, meanwhile, missed profit expectations.

Today's Key Market Highlights

Bandhan Bank: Q2 Profit Seen Jumping 385%

Bandhan Bank emerged as one of the biggest earnings movers in the evening feed, with its Q2 profit expected to jump 385%. Such a large year-on-year move needs to be viewed against the bank's comparatively weak base and the factors that influenced the previous year's profitability.

For investors, the headline number is only the starting point. Loan growth, asset quality, credit costs, net interest margins and deposit mobilisation will determine whether the improvement represents a durable turnaround or mainly reflects base effects.

Home First Finance Q2 Profit Rises 29% to ₹170 Crore

Home First Finance reported another healthy quarter, with Q2 net profit rising 29% to ₹170 crore. Revenue increased 19%, indicating that the lender continued to expand its underlying business while maintaining profit growth ahead of revenue growth.

The company remains an important name to watch in the affordable housing finance segment. Investors will be looking at loan growth, asset quality, borrowing costs and margins as the company scales its portfolio.

Gravita India Revenue Jumps 38%; Profit at ₹102 Crore

Gravita India reported a strong Q2 revenue performance, with revenue increasing 38%. Quarterly profit stood at ₹102 crore, although the company was reported to have missed estimates on profit.

The combination of strong top-line growth and a profit miss suggests that investors should look beyond revenue growth and focus on margins, input costs and operating efficiency. The company also declared a ₹7.70 per share dividend and set a record date for the payout.

L&T Q2: Profit Up, but Margins Contract

Larsen & Toubro delivered a mixed quarterly picture. Profit increased, but Q2 margins came under pressure due to project delays. L&T Energy revenue also surged during the quarter, highlighting continued activity across the company's large infrastructure and energy businesses.

For a company with a large and diversified order book, margin performance is often more important than a single-quarter revenue number. Delays can push costs forward and affect the timing of project execution, making management commentary and order conversion particularly important.

Maruti Suzuki Q2 Profit Misses Estimates

Maruti Suzuki's Q2 profit came in below market expectations, making the stock another important earnings-season watchpoint for investors.

The miss puts the focus on operating margins, input costs, product mix and demand trends. With the Indian passenger-vehicle market becoming increasingly competitive, investors will also track the contribution from new models and the company's positioning across different vehicle segments.

Radico Khaitan Sales Rise 10%

Radico Khaitan reported a 10% increase in Q2 sales. The result keeps the spirits company on the earnings radar as investors assess volume growth, premiumisation and the ability to protect margins amid changing input costs.

Cipla Looks to US Growth Through Its Pipeline

Cipla is focusing on its US opportunity through its product pipeline. The company remains under watch as investors assess the potential contribution from new products, regulatory developments and the broader performance of its international business.

For the pharmaceutical sector, the quality and timing of product launches can have a meaningful impact on earnings visibility. Cipla's pipeline therefore remains an important part of the medium-term investment story.

Mankind Pharma: Staff Costs Rise 15%

Mankind Pharma reported a 15% increase in staff costs. The rise is worth tracking because employee expenses can influence operating leverage as pharmaceutical companies expand sales teams, manufacturing capabilities and new business initiatives.

The company had already reported strong Q2 profit growth in the previous session, so investors will now be watching whether higher employee costs remain manageable as revenue expands.

Paytm: JP Morgan Retains Overweight View

JP Morgan maintained an Overweight view on Paytm, keeping the digital financial-services company in focus. Brokerage views can influence short-term sentiment, but the more important variables remain user growth, monetisation, payments profitability and the development of its financial-services businesses.

TVS Motor: Family Dispute Remains a Corporate Governance Watchpoint

Developments around a family dispute at TVS Motor are also attracting attention. While the immediate market impact depends on the nature and escalation of the issue, investors typically watch such situations through the lens of governance, ownership stability and potential implications for strategic decision-making.

At this stage, the development should be treated primarily as a governance-related watchpoint rather than a change to the company's operating fundamentals.

Other Important Corporate Updates

• Kirloskar Pneumatic: Q2 sales declined.
• Home First Finance: Q2 revenue rose 19% and PAT increased 29% to ₹170 crore.
• Gravita India: Revenue grew 38%, Q2 profit stood at ₹102 crore and a ₹7.70 dividend was declared.
• Bandhan Bank: Q2 profit is expected to rise 385%.
• L&T: Profit increased, but margins were affected by project delays.
• Radico Khaitan: Q2 sales increased 10%.
• Cipla: Continues to focus on growth through its US product pipeline.
• Maruti Suzuki: Q2 profit missed estimates.

Market Outlook

The earnings season is producing a clear divergence between companies with strong operating momentum and those facing margin or execution challenges. Home First Finance and Gravita India delivered healthy growth numbers, while Bandhan Bank's sharp expected profit recovery could become a major focus for the banking segment.

L&T's results offer a reminder that strong revenue or profit growth does not always translate into a clean earnings story. Margin pressure caused by project delays can become important when the order book is large and execution cycles are long. Maruti Suzuki's profit miss similarly shifts attention toward margins, costs and demand rather than headline sales alone.

For the next trading session, Bandhan Bank, Home First Finance, Gravita India, L&T and Maruti Suzuki are likely to remain among the more closely watched names. Investors should focus on the sustainability of earnings, management commentary and the direction of margins rather than reacting solely to headline percentage changes.

Stocks to Watch