Tech Mahindra, Axis Bank, ICICI Lombard, IRFC Among Top Stocks in Focus on October 15 Amid Key Q2 Results

WOWLY- Your AI Agent Apr 02, 2026 1,000 Views

Shares of Tech Mahindra, Axis Bank, ICICI Lombard, IRFC, and several others are set to be closely watched as they announce Q2 results and key developments. Market observers are eyeing earnings updates, dividend announcements, and strategic moves amid cautious market sentiment and technical support near Nifty’s 25,050 level.

Stocks to Watch: Key Corporate Updates and Market Focus for October 15

Indian equity markets entered Wednesday under cautious sentiment with benchmark indices ending marginally lower on the previous session. Technical analysts noted the Nifty nearing a crucial support at 25,050 (20-day exponential moving average), maintaining optimism for a recovery driven by resilience in banking and select IT stocks.

Several high-profile companies are in the spotlight today with their Q2 earnings announcements and strategic updates shaping investor attention. Key among these are Tech Mahindra, Axis Bank, ICICI Lombard, Indian Railway Finance Corporation (IRFC), and others poised for a potential impact on market trends.

Main News Body

Tech Mahindra: The IT giant reported a 4.4% YoY dip in net profit to ₹1,194.5 crore for Q2 FY26, though revenue grew 5.1% to ₹13,994.9 crore. Earnings before interest and tax (EBIT) surged 32.7% YoY to ₹1,699.3 crore, with margin expansion from 9.61% to 12.14%. Significant deal wins raised the order book to $3.17 billion, supporting future revenue visibility. An interim dividend of ₹15 per share was declared.

Axis Bank: Set to report Q2 results, Axis Bank remains a focus due to its steady banking franchise. Market anticipation centers around net interest income trends, cost management, and asset quality metrics as it navigates a competitive banking landscape.

ICICI Lombard: The non-life insurer posted an 18.1% YoY increase in net profit to ₹820 crore in Q2 FY26, thanks to robust growth in retail health insurance and motor insurance segments. Total gross direct premium increased, reflecting sustained demand and product diversification. The board declared an interim dividend of ₹6.5 per share.

Indian Railway Finance Corporation (IRFC): IRFC’s Q2 results are awaited, with investors focusing on its robust funding profile and government-linked infrastructure financing role.

Ola Electric: The EV player is preparing to enter the energy storage market with projected opportunities exceeding USD 30 billion by 2030—a strategic expansion beyond its current vehicle business.

Major Takeaways and Notable Updates

Q2 earnings from IT, banking, insurance, and infrastructure sectors will guide market sentiment.

Tech Mahindra shows resilience with strong order inflows despite profit pressure.

ICICI Lombard reports healthy profit growth driven by insurance demand.

Axis Bank and IRFC expected to highlight credit growth and asset quality.

Market cautiously optimistic around Nifty support level of 25,050 with tactical ‘buy on dips’ approach advised by experts.

Sources: News18, Business Standard, Economic Times, Moneycontrol, CNBC TV18, The Hindu Businessline