On October 17, 2025, Indian stock markets opened slightly lower, taking a breather after a recent rally. The Sensex dropped 261.58 points to 83,206.08, while the Nifty 50 slipped 76.7 points to 25,508.60, as investors weighed margin pressures in IT majors Infosys and Wipro, despite both surpassing revenue forecasts for the September quarter.
Among the 16 key sectoral indices, 10 opened in the red, led by a 1.25% decline in the IT index, with Wipro plunging 4.5%. Broader indices also saw mild weakness — the Nifty Smallcap fell 0.1%, and the Nifty Midcap declined 0.4%.
After closing at three-month highs on Thursday, benchmark indices now sit just under 3% below their all-time peaks from September 2024. Optimism over earnings recovery and rate cut expectations in both India and the U.S. continues to support investor sentiment.
Amid this mixed market setup, here are two stocks to keep on your radar today — BLS International Services Ltd. and Kalyan Jewellers India Ltd., both showing fresh momentum driven by strong fundamentals and recent developments.
BLS International Services Ltd. [NSE: BLS]
Shares of BLS International Services Ltd. have turned volatile this week after a dramatic rebound following a new government contract win. On Thursday, the stock jumped over 6% after the company announced a three-year contract from the Ministry of External Affairs (MEA) to establish and operate Indian Visa Application Centres (IVACs) in Beijing, Shanghai, and Guangzhou.
This deal, effective October 14, 2025, is being hailed as a crucial win for the company, coming just days after the MEA had temporarily debarred BLS from participating in future tenders for two years. According to the company, the new IVACs will feature advanced infrastructure, multilingual staff, and upgraded technology, enabling smooth and secure visa services for applicants in China.
The management stated, “This is a significant milestone for BLS International, and these IVACs will play a vital role in facilitating reliable and user-centric visa services.”
Financially, BLS International delivered a strong Q1 FY26, reporting a 49.8% YoY rise in net profit to ₹181 crore and a 44% jump in revenue to ₹710.56 crore, driven by growth in existing business and recent acquisitions like iDATA and Citizenship Invest. EBITDA margins improved to 28.7% from 27% last year.
Despite being down around 38% year-to-date, analysts view the current levels as a potential accumulation opportunity, backed by its robust balance sheet and recent government contract momentum.
| Metric | Details |
| Closing Price (as of Oct 16, 2025) | ₹324.50 |
| Market Cap | ₹13.32KCr |
| 52-Week Range | ₹276.95 – ₹521.80 |
| P/E Ratio | 23.53 |
| Dividend Yield | 0.31% |
| Average Trading Volume | 4.40M |
| Company Type | Small cap |
| Beta | 1.61 |
Why to Watch:
After a major contract win with the MEA and steady earnings growth, BLS International’s recovery momentum could extend in the near term. Its strong fundamentals, recurring government business, and global presence make it a potential turnaround play in today’s market.
Kalyan Jewellers India Ltd. [NSE: KALYANKJIL]
Kalyan Jewellers shares climbed over 2.4% in early trade on Friday, extending gains from Thursday after a strong business update for Q2 FY26. The company recorded approximately 30% year-on-year growth in consolidated revenue, fueled by festive demand, robust wedding season sales, and early Navratri buying.
India operations delivered 31% YoY revenue growth, while international operations rose 17%, with the Middle East business expanding about 10%, driven entirely by same-store sales. The company’s digital-first brand, Candere, reported an impressive 127% revenue jump year-on-year.
Kalyan added 15 showrooms in India, two in the Middle East, and 15 Candere outlets in the last quarter, bringing the total count to 436 showrooms worldwide (300 in India, 38 in the Middle East, 2 in the US, and 96 under Candere).
Management has highlighted that the ongoing festive quarter has started strongly, with encouraging footfalls and new showroom launches planned before Diwali. The company continues to focus on debt reduction and expanding retail presence, signalling confidence in sustained growth momentum.
| Metric | Details |
| Closing Price (as of Oct 16, 2025) | ₹487.15 |
| Market Cap | ₹50.85KCr |
| 52-Week Range | ₹399.40 – ₹795.40 |
| P/E Ratio | 63.38 |
| Dividend Yield | 0.30% |
| Average Trading Volume | 3.96M |
| Company Type | Mid cap |
| Beta | 1.53 |
Why to Watch:
Kalyan Jewellers continues to shine with consistent double-digit revenue growth, aggressive expansion, and strong festive demand. With a robust retail pipeline and rising consumer confidence, it remains one of the most promising consumption plays in India’s retail jewellery space.
Conclusion
While the broader market has taken a pause, selective opportunities exist in companies demonstrating resilient earnings and strategic momentum. BLS International offers a potential rebound story after securing a key government contract, while Kalyan Jewellers stands out as a steady growth pick driven by festive spending and operational expansion.
Traders and investors should monitor these counters closely for potential near-term upside, backed by fundamental strength and positive business triggers.
Stock trading involves market risk and does not assure guaranteed returns. Investors should evaluate company fundamentals, recent financial results, and market conditions before making trading decisions. Use stop-loss strategies, diversify portfolios, and consult a financial advisor if needed. Past performance may not indicate future outcomes.
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