Market Movers Alert: HCL Tech Shines, KEC’s Record Order Sparks Rally, ONGC’s Energy Pact in Focus

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HCL Technologies reported steady quarterly revenue growth and declared an interim dividend, while KEC International secured its largest-ever international transmission order. IREDA and ONGC’s strategic agreements have positioned them as key market movers on October 14, amid an earnings-heavy session and cautious economic sentiment.

October 14 sees focused attention on select large-cap stocks spearheading market movements. Investors are closely watching IT, infrastructure, and energy sectors as corporate announcements and order wins set the tone for trading today.

Important Points

HCL Technologies: The IT giant posted a 10.7% year-on-year revenue increase to ₹31,942 crore for Q2 FY26. EBIT rose by 3.5% to ₹5,550 crore despite a slight margin dip. The company declared an interim dividend of ₹12 per share and reported deal wins growth of 15.8% to $2.57 billion. HCL Tech remains confident in guiding 3-5% constant currency revenue growth for FY26.

KEC International: The infrastructure player announced new Transmission & Distribution orders worth ₹3,243 crore internationally, including a 400 kV transmission project in the UAE and supply contracts across the Americas, marking its largest-ever EPC international T&D order. This order boosts KEC’s year-to-date intake to ₹14,000 crore, highlighting its aggressive expansion in global markets.

Indian Renewable Energy Development Agency (IREDA): IREDA remains a key focus amid its ongoing efforts to raise funds via perpetual bonds and strengthen its portfolio in renewable energy financing. The agency’s FY26 revenue target is set ambitiously at ₹8,200 crore, reflecting government support for green energy transition.

Oil and Natural Gas Corporation (ONGC): ONGC strengthened its gas supply agreements with NEEPCO, extending a 15-year deal to provide 1.4 million metric standard cubic meters daily to Assam Gas-Based Power Station. This long-term contract reinforces ONGC’s strategic foothold in eastern India’s energy infrastructure, vital amid rising demand.

Earnings and Market Sentiment: The market remains cautious but positive ahead of a slew of Q2 earnings reports across sectors. Institutional investors are closely tracking domestic inflows and global macro factors amid trade tension concerns, influencing volatility.

Major Takeaways

HCL Tech maintains steady growth with robust deal pipeline and dividend payout.

KEC International secures record international EPC orders, bolstering global footprint.

IREDA’s ambitious funding goals align with India’s renewable energy drive.

ONGC’s extended supply pact underlines energy sector’s strategic importance.

Earnings updates and global cues to sway market momentum in the near term.

Sources: Moneycontrol, Upstox, The Economic Times, Business Standard, NDTV Profit.