JKB Financial Services Ltd.

As on : 19-Oct-2026

Market Commentary - Stock Alert
19-Oct-2026 08:30

Stock Alert: Onward Technolog, Tech Mahindra, Tips Music, Vedanta, Shoppers Stop

Onward Technologies Ltd’s share price fell 0.89% to Rs 356.35, despite strong Q3FY26 results. Net profit rose 50.13% to Rs 16.77 crore, with revenue increasing 13.89% to Rs 170.18 crore over Q2FY26. The company’s market capitalization increased 16.04% and 25.07% over one month and one year, respectively, outperforming the BSE Sensex.

Tech Mahindra Ltd. announced a record date of October 23, 2026, for a final dividend of Rs. 15 per equity share, face value Rs. 5, for FY 2025-26. The stock has risen 10.28% in the last week, 4.70% in the last month, and 13.09% over the last year, with average delivered quantity at 45.80%.

Tips Music Ltd. has set 22 October 2026 as the record date for a final dividend of Rs 6.50 per share, face value Rs 1, for FY 2025-26. The stock has seen significant gains, rising 10.72% in the last week, 3.83% in the last month, and 36.43% over the past year, with average weekly volume at 41.37%.

Vedanta Ltd. reported that CRISIL Ratings Limited reaffirmed its credit ratings, maintaining CRISIL AA+/Stable/CRISIL A1+ for Non-Convertible Debentures and long-term facilities, and CRISIL A1+ for short-term facilities, without changes. The ratings, detailed in a release from October 16, 2026, cover instruments including Non-Convertible Debentures with Scrip Codes 976754, 976755, 976756, 977639, and 978254.

Shoppers Stop Ltd’s share price rose 2.49% to Rs 384.65 after Q3FY26 results showed net profit declining 121.82% to Rs 3.11 crore, with revenue up 5.80% to Rs 1366.27 crore. Total expenses increased 5.50% to Rs 1310.37 crore. The stock has fallen 25.25% in the last year, underperforming the BSE Sensex’s 10.04% decline.

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