# Stocks in News: Reliance, Eternal, Alkem Labs and Others

> Reliance Industries, Eternal, Alkem Labs, BEL, HPCL, Swiggy and GMDC lead Thursday's market focus amid earnings and regulatory updates.
- Title: Stocks in News: Reliance, Eternal, Alkem Labs and Others
- Summary: Reliance Industries, Eternal, Alkem Labs, BEL, HPCL, Swiggy and GMDC lead Thursday's market focus amid earnings and regulatory updates.
- Keywords: reliance industries, eternal, alkem labs, bel, hpcl, swiggy, gmdc, stocks, market, earnings, credit ratings, regulatory updates
- Source: The Economic Times — https://economictimes.indiatimes.com/markets/stocks/news/stocks-in-news-reliance-industries-eternal-alkem-labs-bel-hpcl-swiggy-and-gmdc/articleshow/135102947.cms
- Author: Kumar Gaurav
- Published: 2026-10-22T00:30:00+00:00
- Read time: 2 min
- Topics: reliance industries, eternal, alkem labs, bel, hpcl, swiggy, gmdc, stocks, market, earnings, credit ratings, regulatory updates
## Market Moves
Indian equities reversed early gains on Wednesday as selling pressure in banking stocks and the broader market dragged benchmarks lower, offsetting strength in information technology shares.
## Nifty 50 Declines
The Nifty 50 declined 77.60 points, or 0.34%, to close at 22,811.35.
## Market Focus
Reliance Industries, Eternal, Alkem Labs, BEL, HPCL, Swiggy, GMDC and other stocks are likely to remain in focus on Thursday, October 22.
## Reliance Credit Ratings
ICRA reaffirmed its credit ratings of [ICRA]AAA (Stable) on Reliance Industries' non-convertible debenture programme worth Rs 12,000 crore and bank loan facilities worth Rs 50,000 crore.
## Eternal Q2 Results
Eternal reported a 92.3% year-on-year increase in consolidated net profit to Rs 125 crore for the second quarter of FY27, compared with Rs 65 crore a year earlier.
## Eternal Revenue
Revenue from operations surged 77.6% to Rs 24,138 crore from Rs 13,590 crore in the year-ago quarter.
## Indian Hotels Company
Indian Hotels Company reported a 19.5% year-on-year increase in net profit to Rs 380 crore for the September quarter, compared with Rs 318 crore in the corresponding period last year.
## Mahindra Financial Services
Mahindra & Mahindra Financial Services posted a 55% year-on-year increase in net profit to Rs 882 crore in the second quarter of FY27, compared with Rs 569 crore in the year-ago period.
## KEI Industries
KEI Industries reported a 29.3% year-on-year increase in second-quarter profit after tax to Rs 262.4 crore, while revenue rose 38.5% to Rs 3,776.4 crore.
## Bharat Electronics
The Ministry of Defence signed a Rs 770 crore contract with Bharat Electronics (BEL) for the supply of improved low-level light-weight radar (LLLR-I) systems to the Indian Army.
## Persistent Systems
Persistent Systems has launched a qualified institutional placement (QIP) to raise up to $450 million, or approximately Rs 4,265 crore.
## Gujarat Mineral Development Corporation
Gujarat Mineral Development Corporation presented a dividend cheque of Rs 223.55 crore to the Gujarat government, representing the state's share of the company's final dividend for FY26.
## Alkem Laboratories
Alkem Laboratories' audit committee approved the initiation of a forensic audit into an incident involving alleged misappropriation of funds by a former employee.
## Tata Communications
Tata Communications' subsidiary in Spain won a tax dispute ruling against the Spanish Tax Agency, annuling a VAT demand of €15.51 million and penalty of €18.10 million.
## Sagility Acquisition
Sagility acquired Chirok Health, a provider of clinical documentation improvement, medical coding, coding quality assurance and revenue integrity services for healthcare organisations.
## Key takeaway

Reliance Industries, Eternal, Alkem Labs, BEL, HPCL, Swiggy and GMDC are key stocks for Thursday's market as investors track September-quarter earnings, credit ratings, fundraising plans and regulatory developments.