Stocks To Buy or Sell Today, October 9, 2026: TCS, JSW Steel, Dr Reddy’s Among Shares In Focus On Friday
TCS, JSW Steel, Dr Reddy’s Laboratories, NCC and SML Mahindra are among the stocks likely to remain in focus on Friday, October 9, following quarterly results, production updates, regulatory developments and new order wins.
Indian equities are likely to remain under pressure on Friday after benchmark indices suffered another sharp sell-off on Thursday. The Nifty 50 fell 1.64% to close at 22,231.80, while the Sensex dropped 1,010 points to 71,593.24.
Against this backdrop, several companies are likely to remain in focus on October 9 following earnings announcements, business updates and fresh orders.
TCS
Tata Consultancy Services (TCS) will be one of the key stocks to watch after the IT major reported a 15% year-on-year rise in consolidated net profit to INR 13,884 crore for the September quarter.
Revenue from operations increased 11.22% year-on-year to INR 73,188 crore, while the company reported an operating margin of 24%. Stocks To Buy or Sell Today, October 8, 2026: Tata Power, Jubilant FoodWorks, Senco Gold Among Shares Likely To Remain in Focus on Thursday.
Investors are likely to track management commentary on demand, deal wins, artificial intelligence-led services and the outlook for the second half of FY27.
JSW Steel
JSW Steel will also be in focus after reporting a 5% year-on-year increase in consolidated crude steel production to 7.27 million tonnes in the second quarter of FY27. Why Is Stock Market Down Today, October 8, 2026?
Production from its Indian operations stood at 7.07 million tonnes. Capacity utilisation of Indian operations was 88% during the quarter and improved to around 90% in September as the Vijayanagar blast furnace gradually ramped up following capacity upgradation work.
Dr Reddy’s Laboratories
Dr Reddy’s Laboratories could see attention after the US Food and Drug Administration issued a Form 483 containing two observations following a pre-approval inspection at the company's FTO-11 manufacturing facility in Pydibhimavaram, Andhra Pradesh.
The inspection was conducted from October 5 to October 7.
NCC
NCC is likely to be in focus after receiving a letter of acceptance from Hyderabad Growth Corridor Limited for the construction of Radial Road-2.
The order is valued at INR 1,286.03 crore and is expected to be completed within 18 months. The project adds to NCC's order book and strengthens its presence in the infrastructure segment.
SML Mahindra
SML Mahindra reported a 32% year-on-year increase in commercial vehicle sales to 1,071 units in September.
Production rose 20% to 1,257 units during the month. However, exports declined 62% to 53 units, making the domestic sales performance and export trend key points for investors to watch.
Market Context
The stocks are entering Friday's session against a weak broader market backdrop. The Nifty has fallen more than 10% from its recent August high, while Thursday's decline was broad-based, with all sectoral indices ending in the red.
With TCS kicking off the September-quarter earnings season for major Indian companies, investors are likely to focus on earnings visibility, management guidance and company-specific developments alongside broader concerns around crude oil prices, interest rates and foreign fund flows.
(The above story first appeared on LatestLY on Oct 09, 2026 07:42 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
