Key Stocks to Track This Friday
- Bajaj Auto, Hindalco, Divis Labs, Nykaa results; strong Q2 from Lupin, Apollo Hospitals, Cummins India.
- Singtel-Airtel stake sale, Mahindra-RBL Bank exit, Tiger Global-Ather Energy exit.
- NBCC–Australia MoU, Maruti merger approval, Studds listing, ex-dividend trades.
As the trading day begins, the stock market is set for an eventful session with several companies announcing their quarterly results, major investment moves, and fresh order wins. Here’s a roundup of all the key developments that are likely to keep investors busy today.
Results to Watch Today
A packed list of big names will release their quarterly earnings today, including Bajaj Auto, Hindalco Industries, National Aluminium Company, FSN E-Commerce Ventures (Nykaa), Aegis Logistics, AstraZeneca Pharma, Divis Laboratories, JSW Cement, Kalyan Jewellers, Petronet LNG, Power Finance Corporation, Signature Global, SpiceJet, Torrent Pharmaceuticals, Trent, UNO Minda, and VA Tech Wabag.
On November 8, investors will look out for results from Anant Raj, Craftsman Automation, Ethos, Gujarat Ambuja Exports, Greenlam Industries, Karnataka Bank, Olectra Greentech, Poly Medicure, Transformers and Rectifiers (India), and Voltamp Transformers.
Earnings Highlights
Several major companies have already declared their quarterly numbers, giving a mixed picture of corporate India’s performance.
Apollo Hospitals Enterprise posted a 24.8 percent rise in profit to Rs 494 crore, supported by a 12.8 percent jump in revenue to Rs 6,303.5 crore.
Lupin saw its profit surge 73.3 percent to Rs 1,477.9 crore, with revenue climbing 24.2 percent to Rs 7,047.5 crore, marking a strong show in the pharma space.
However, ABB India reported a 7.2 percent decline in profit to Rs 408.9 crore, even as revenue grew 13.7 percent to Rs 3,310.7 crore.
Power sector PSU NHPC reported a 13.5 percent rise in profit to Rs 1,021.4 crore, while Mankind Pharma saw its profit dip 22 percent to Rs 511.5 crore despite a 20.8 percent increase in revenue.
GlaxoSmithKline Pharmaceuticals posted a steady profit of Rs 257.5 crore, marginally up 2 percent, while revenue slipped 3 percent.
Among industrials, GMM Pfaudler reported a sharp 172 percent jump in profit to Rs 41.4 crore, while Crompton Greaves Consumer Electricals saw a 43 percent drop to Rs 71.2 crore due to subdued demand.
In financials, Bajaj Housing Finance reported a 17.8 percent profit growth to Rs 643 crore, supported by a strong 34 percent rise in net interest income. Cummins India also delivered a solid quarter with profit up 38.5 percent and revenue rising 26.4 percent to Rs 3,170.3 crore.
On the other hand, Amber Enterprises India swung to a loss of Rs 32.9 crore, while Genus Power Infrastructures posted a stellar 72 percent jump in profit and 136 percent spike in revenue, indicating robust momentum in the smart metering business.
Aster DM Healthcare reported a 13.6 percent growth in profit, and Pricol impressed with a 42 percent surge in earnings driven by a strong 50 percent rise in revenue.
Battery maker Amara Raja Energy & Mobility reported a 17.4 percent increase in profit, while Birlasoft faced a 9 percent drop in profit due to weak demand in the IT services sector.
Aarti Industries posted an impressive 104 percent rise in profit, backed by a 29 percent revenue growth, and Linde India also recorded a 60.7 percent jump in profit to Rs 171 crore.
Stocks to Watch
Bharti Airtel could see action after reports suggested Singtel may sell a 0.8 percent stake in the telecom major, valued at around Rs 10,300 crore, at a floor price of Rs 2,030 per share.
TVS Motor Company is in focus after it sold part of its stake in Rapido (Roppen Transportation Services) to Accel India VIII (Mauritius) and MIH Investments One BV, raising Rs 288 crore.
Rail Vikas Nigam Limited (RVNL) emerged as the lowest bidder for a Rs 272 crore contract from Central Railway for designing and commissioning traction substations and related infrastructure in the Daund–Solapur section.
NBCC India has signed an MoU with Goldfields Commercials, an Australian real estate developer, to explore real estate, housing, and infrastructure projects in Australia.
Maruti Suzuki India also enters the spotlight as the NCLT has approved the merger of Suzuki Motor Gujarat with the parent company, a move expected to streamline operations.
Block and Bulk Deals
A major transaction was seen in RBL Bank, where Mahindra & Mahindra sold 2.11 crore shares (3.45 percent stake) at Rs 320.65 per share, totaling Rs 677.95 crore. The stake was picked up by several global investors including Abu Dhabi Investment Authority, Citigroup Global, Société Générale, Goldman Sachs, and Morgan Stanley, along with top domestic mutual funds.
In the startup space, Tiger Global’s Internet Fund III has fully exited Ather Energy, selling its 5.09 percent stake for Rs 1,204 crore at around Rs 620 per share.
Nippon India Mutual Fund acquired a 4.54 percent stake in Orkla India (the parent of MTR Foods) for Rs 459 crore, while GreenX Wealth Multi Horizons Opportunity Fund bought stakes in Dhariwalcorp and Essen Speciality Films worth Rs 7.9 crore combined.
Other Key Market Moves
Studds Accessories lists on the mainboard today, while several stocks including Hindustan Unilever, Godrej Consumer Products, Bharat Petroleum Corporation, Dabur India, NTPC, and Shriram Finance trade ex-dividend.
Brookfield India REIT, Embassy Office Parks REIT, and Mindspace Business Parks REIT also trade ex-date for income distribution.
Market Outlook
With a packed earnings calendar, multiple bulk deals, and high-profile corporate moves, market volatility is likely to remain elevated. Investors will keep a close watch on heavyweight results from Bajaj Auto, Hindalco, and Divis Laboratories, while eyes will also be on Bharti Airtel and Maruti Suzuki for possible price reactions to key developments.
Today’s session promises a mix of excitement and caution, as traders navigate through earnings momentum, global cues, and the ongoing shift in institutional investments.
