Indian stock market news: Jio Platforms, Kaynes Technology, Balmer Lawrie & Co., EPACK Prefab Technologies and Choice International are among the companies in focus following broker recommendations, corporate announcements and quarterly financial results.
Jio Platforms: Motilal Oswal Maintains Buy Call, Sets Target at ₹1,515
Motilal Oswal has issued a Buy recommendation on Jio Platforms, with a target price of ₹1,515 per share. The brokerage recommendation places the company in focus for investors tracking its valuation and growth outlook.
Kaynes Technology Incorporates Saudi Arabia Subsidiary to Expand GCC Presence
Kaynes Technology India Ltd. has incorporated a new wholly owned subsidiary, Kaynes Arabia Electronics Company (KAEC), on November 2, 2026, marking its expansion into the Middle East market.
The subsidiary will primarily operate in Saudi Arabia and focus on manufacturing and assembling electronic products and sub-assemblies. It will cater to customers in Saudi Arabia and other Gulf Cooperation Council (GCC) countries.
KAEC is fully owned by Kaynes Technology India Ltd. and has an authorised capital of SAR 100,000, which will be invested in tranches based on business requirements.
The company said the initiative aims to strengthen its regional presence and address growing demand in the GCC market. The incorporation received approval from the company's Board of Directors.
Balmer Lawrie & Co. Reports 39.56% Growth in Q2 FY27 Net Profit
Balmer Lawrie & Co. Ltd., a Miniratna Category-I public sector enterprise, reported strong financial results for the second quarter and half-year ended September 30, 2026. The results were approved by the Board of Directors on November 2, 2026.
Q2 FY27 financial performance:
| Financial Metric | Q2 FY27 | Q2 FY26 | YoY Growth |
|---|---|---|---|
| Net Total Income | ₹818.04 crore | ₹647.48 crore | 26.34% |
| Profit Before Tax | ₹93.63 crore | ₹65.50 crore | 42.95% |
| Net Profit After Tax | ₹67.66 crore | ₹48.48 crore | 39.56% |
For the first half of FY27, the company reported total income of ₹1,570.58 crore, compared with ₹1,332.76 crore in the corresponding period last year.
Half-year profit before tax increased to ₹172.75 crore from ₹140.88 crore, while net profit after tax rose to ₹125.32 crore from ₹104.41 crore.
The company attributed its performance to contributions from its diversified business portfolio.
EPACK Prefab Technologies Approves Q2 FY27 Results, Appoints Company Secretary
EPACK Prefab Technologies Ltd. announced that its Board of Directors approved the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026.
The board also approved the appointment of Khushboo Mishra as Company Secretary and Compliance Officer.
The board meeting commenced at 5:37 PM IST and concluded at 6:52 PM IST. The company stated that the financial results would be made available on its website.
Choice International Approves 1:1 Bonus Issue
Choice International Ltd. has approved a 1:1 bonus issue, proposing to issue one bonus equity share for every existing share held by shareholders.
The proposed bonus issue will increase the company's authorised share capital from ₹225 crore to ₹447.80 crore. The bonus shares will be issued from the Securities Premium Account and/or free reserves.
The company expects to credit the bonus shares within two months following approval. However, the proposal remains subject to shareholders' approval.
Disclaimer: This article is for informational and educational purposes only and should not be construed as investment advice or a recommendation to buy or sell any securities. Stock market investments are subject to market risks. Readers should consult a qualified financial advisor and conduct their own research before making investment decisions.
