Infosys gains 2% on Truist deal expansion as Sobha, SML Mahindra and Just Dial slide
According to Moneycontrol, Infosys rose after expanding its work with Truist, while Sobha, SML Mahindra and Just Dial fell following second-quarter results.
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what happened
Infosys shares rose about 2.7% after the company said it would deepen its work with Truist, one of the largest financial services firms in the US. The project supports the bank's AI-focused global capability center in Hyderabad.
Elsewhere, several stocks dropped after second-quarter earnings. Sobha lost about 3.5% as profit fell 54.6% to Rs 33 crore and revenue declined 31.3% to Rs 967.1 crore. SML Mahindra slid 8% even though revenue rose 20.7%, with profit down 44.4%. Just Dial fell 3% as profit dropped 9.7% while revenue grew 13.1%.
Gallantt Ispat added 2% despite a 32% fall in profit. According to Moneycontrol, its revenue increased 13.1% to Rs 1,145.9 crore.
why it matters
These stories mostly concern individual companies and do not set the direction for the wider Indian market. Investors will watch brokerage calls, block deals, order wins and regulatory decisions that could move these stocks during the session.
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sources
- Buzzing Stocks: Infosys jumps 2% on Truist collaboration; Sobha, SML Mahindra, Just Dial fall 3-8% after Q2 earnings — moneycontrol.com, 21 October 2026 at 04:05 UTC
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