Indian stock market sees dividend payouts and bank earnings

The Indian stock market is seeing significant activity regarding corporate dividends and quarterly financial results. Between October 21 and October 23, 2026, approximately 15 companies are scheduled to issue interim dividends. Notable among these is ICICI Prudential Asset Management Company, which has announced a dividend of ₹30 per share. Other companies with upcoming record dates include Tech Mahindra (₹15 per share), LTM (₹25 per share), MRPL (₹3 per share), and Angel One (₹1.40 per share).

In addition to dividend announcements, major banking institutions have reported their September quarter financial results. HDFC Bank reported a 4.7% annual increase in profit to ₹19,510 crore, though its net interest margin declined to 3.16%. Axis Bank saw a 37.6% profit increase to ₹7,003 crore, accompanied by improved asset quality. ICICI Bank recorded a 20.1% rise in profit to ₹14,843 crore, exceeding market expectations, while Yes Bank reported a 65.14% surge in profit to ₹1,080 crore.