Summary:
Indian stocks to watch on November 2 include Reliance Industries, Jio Platforms, BEL, IOC, M&M and several others. Quarterly earnings, October sales figures, regulatory developments and corporate announcements are expected to keep these companies in focus during Monday's trading session.
Which stocks are in focus on November 2?
Reliance Industries, Jio Platforms, Bharat Electronics (BEL), Indian Oil Corporation (IOC), Mahindra & Mahindra (M&M), NTPC, Coal India, Bank of Baroda, Muthoot Finance, PB Fintech and several other companies are in focus on November 2 following quarterly earnings, October sales updates and corporate announcements.
| Company | Key development from the supplied article |
| Reliance Industries | Consolidated net profit rose 33.8% YoY to ₹29,550 crore. |
| Jio Platforms | Net profit increased 13.7% to ₹8,389 crore. |
| IOC | Reported standalone net profit of ₹21,630 crore. |
| BEL | Standalone PAT rose 19.8% YoY to ₹1,541 crore. |
| SJVN | Profit increased to ₹657.4 crore. |
| NTPC Green Energy | Profit rose 56.2% to ₹137.5 crore. |
| NTPC | Profit increased 14.3% to ₹5,320 crore. |
| Coal India | October production increased 19.3% to 67.2 MT. |
| M&M | October total sales rose 9%. |
| Hyundai | October sales increased 17.7%. |
| Tata Motors CV | October sales increased 27%. |
| Granules India | Received Form FDA 483 with 11 observations following a USFDA inspection. |
| Zee Entertainment | Profit declined 40.3% YoY to ₹55.6 crore. |
| Yes Bank | AT1 bond trustee sought reinstatement of bonds worth ₹8,415 crore. |
Indian equity markets will witness stock-specific action on Monday, November 2, as investors react to September-quarter earnings, operational updates and corporate announcements. Several companies across sectors, including oil and gas, defence, banking, healthcare, automobiles and technology, have reported their latest business developments.
| Category | Companies |
| Quarterly earnings | Reliance Industries, Jio Platforms, BEL, IOC, NTPC |
| Banking and financial services | Bank of Baroda, Muthoot Finance, LIC Housing Finance, PB Fintech, CDSL |
| Automobile sales | M&M, Hyundai, Tata Motors CV, Force Motors, Escorts Kubota |
| Production updates | Coal India, Bharat Coking Coal |
| Corporate developments | Nazara Technologies, Vodafone Idea, Yes Bank |
| Regulatory developments | Granules India |
Alongside company-specific earnings and corporate announcements, investors will also monitor the broader market trend on Monday. The Nifty 50 closed at 23,053.10 on Friday, holding above the psychological 23,000 mark but failing to sustain above 23,076.90 resistance. Check our Nifty prediction for November 2 for the latest technical outlook, including key support and resistance levels, EMA positioning and RSI indicators.
| Category | Companies |
| Quarterly earnings | Reliance Industries, Jio Platforms, BEL, IOC, NTPC |
| Banking and financial services | Bank of Baroda, Muthoot Finance, LIC Housing Finance, PB Fintech, CDSL |
| Automobile sales | M&M, Hyundai, Tata Motors CV, Force Motors, Escorts Kubota |
| Production updates | Coal India, Bharat Coking Coal |
| Corporate developments | Nazara Technologies, Vodafone Idea, Yes Bank |
| Regulatory developments | Granules India |
Reliance Industries, Jio Platforms and IOC in Focus
Reliance Industries Ltd will remain in focus after delivering its strongest-ever quarterly performance in Q2FY27. Its consolidated net profit surged 33.8% year-on-year (YoY) to a record ₹29,550 crore, while revenue increased 27.8% to an all-time high of ₹3.62 lakh crore. EBITDA rose 23.9% to ₹62,409 crore. Record earnings from its oil-to-chemicals business and sustained growth in digital services supported its performance.
Jio Platforms reported a 13.7% YoY increase in net profit to ₹8,389 crore. Gross revenue increased 11.3% to ₹47,485 crore, while operating revenue rose 11.4% to ₹40,475 crore.
Indian Oil Corporation Ltd (IOC) also attracted attention after reporting its highest-ever quarterly standalone net profit of ₹21,630 crore, compared with a loss of ₹2,661 crore in the previous quarter. EBITDA surged to ₹30,297 crore from ₹1,947 crore, while its EBITDA margin expanded to 12%.
Defence, Power and Industrial Stocks
Bharat Electronics Ltd (BEL) reported a 19.8% YoY increase in standalone PAT to ₹1,541 crore, beating market expectations. EBITDA increased 20.4% to ₹2,040 crore, although its operating EBITDA margin contracted to 28% from 29.4%.
SJVN reported a sharp improvement in Q2FY27 earnings, with net profit increasing to ₹657.4 crore from ₹308 crore. Revenue surged 117.5% to ₹2,244.3 crore. NTPC Green Energy reported a 56.2% increase in net profit to ₹137.5 crore, while revenue grew 53.2%.
NTPC reported a 14.3% increase in net profit to ₹5,320 crore and a 16.8% rise in revenue. Coal India also reported strong operational growth, with October production increasing 19.3% to 67.2 MT. Bharat Coking Coal's raw coal production increased 7.1% YoY.
Other industrial stocks in focus include Finolex Industries, Shyam Metalics, Waaree Energies, Dixon Technologies, Syrma SGS Technology and Zen Technologies. Shyam Metalics reported an 88.5% increase in net profit to ₹493.4 crore, while Zen Technologies recorded 50.7% profit growth and 99% revenue growth.
Banking, Financial Services and Technology Stocks
Bank of Baroda reported a 35.8% increase in net profit and 9% growth in NII, alongside sequential improvement in asset quality. Muthoot Finance reported 27% growth in net profit and 34.4% growth in NII. LIC Housing Finance reported an 11.7% increase in net profit.
PB Fintech reported a 42.7% increase in net profit to ₹192.5 crore, while revenue increased 35% to ₹2,178 crore. CDSL reported 24% profit growth and 23.7% revenue growth. Nazara Technologies also remained in focus after infusing $77 million into its UK subsidiary and completing the second tranche of payments for its Spanish gaming acquisitions.
Healthcare, Pharmaceuticals and Consumer Stocks
Max Healthcare Institute reported 20% growth in network gross revenue to ₹3,219 crore, while network PAT increased 10% to ₹448 crore. Granules India received a Form FDA 483 with 11 observations following a USFDA inspection of its Gagillapur facility.
Zee Entertainment reported a 40.3% decline in net profit to ₹55.6 crore, despite 13% revenue growth. Phoenix Mills reported a 7.14% increase in net profit, while Aarti Industries recorded 58.5% profit growth. Birla Corporation reported a 58.6% decline in net profit.
Automobile and Other Corporate Developments
Mahindra & Mahindra reported a 9% increase in October total sales. Hyundai Motor's sales increased 17.7%, while Tata Motors CV and Force Motors recorded growth of 27% and 44.76%, respectively. Escorts Kubota reported a 10% decline in total sales.
Vodafone Idea will remain in focus after the Competition Commission of India cleared a proposal by Xavier Niel to acquire up to 16.2% stake in Vodafone Group Plc. Yes Bank also attracted attention after its AT1 bond trustee requested reinstatement of bonds worth ₹8,415 crore within three days.
Investors will track these developments and company-specific announcements for potential stock-specific movements during the November 2 trading session.
