TCS Flags AI Revenue Surpassing $3bn as Brokers Track Options Activity in Adani Ports, Dabur, NHPC

No corporate filings were analysed by Orivam today, so this wrap draws entirely on broker research published through the day. HDFC Securities' note on Tata Consultancy Services was the most substantive piece: it says TCS's Q2FY27 constant-currency revenue grew 0.5% QoQ, driven by international business and AI adoption, with annualised AI revenue now above USD 3bn and contributing roughly 10% of revenue. The brokerage flags margins as a monitorable given elevated subcontracting costs and MHP consolidation, and maintains an ADD rating with a target of INR 2,470, based on 15x Sep-28E EPS.

On the derivatives side, Way2Wealth Securities' options and open-interest round-up showed Adani Ports as the day's top OI gainer, up 37.66% in open interest with the price up 2.75, and listed among stocks seeing major buying alongside Dabur (OI up 18.64%) and Sun TV Network (OI up 23.83%). On the other side, NHPC was the biggest OI loser at -14.07% and was also flagged for short unwinding, while Asian Paints, Bank of India, Oriental Bank and Opto Circuits also featured among top OI losers. SBI and Yes Bank call options were among the most active contracts traded.

Corporate actions and deal news were scattered across GEPL Capital and Arete Securities notes. Ola Electric Mobility shares were reported down 6% after the company approved a Rs 1,000 crore rights issue, while Embassy Developments' pre-sales were said to have jumped 272% to Rs 3,225 crore. Maharashtra Seamless was reported planning a demerger into two subsidiaries, MSL Seamless Tubes and United Seamless, with shareholders to receive one share of each per five held. Torrent Power's step-down arm was said to have terminated a 300 MW wind PPA with SECI, paying Rs 40 crore in termination charges.

Several order wins and expansions were also noted: Silver Touch Technologies reportedly won a Rs 50 crore defence order from ITI for enterprise servers tied to an Indian Army project; Railtel was reported to have won a new order worth Rs 63.81 crore; HCL Technologies announced a Rs 500 crore expansion of its Lucknow IT City campus; and L&T's Energy CarbonLite arm reportedly secured a Limited Notice to Proceed for a 2x800 MW thermal power plant in Jharkhand. Krishna Institute of Medical Sciences was said to have approved acquisitions of stakes in Sarvottam Health Care and Insignia Healthcare, while Inox Green Energy Services reportedly completed a Rs 550 crore payment to acquire Wind World India's wind O&M business.

Separately, Way2Wealth and GEPL published several intraday and derivative trade ideas, including buy calls on JSW Steel, Larsen & Toubro, SBI Life, Century Textiles and Shriram Transport Finance, alongside bullish and bearish intraday technical calls on Bank of Maharashtra and Titan respectively. Rites Limited was rated ACCUMULATE by Way2Wealth with a fair value of Rs 760-780, citing Q4FY24 revenue and PAT declines against an order book of Rs 56.9bn.