The Indian stock market is likely to remain focused on several major companies on Monday, November 2. Shares of Reliance Industries, Jio Platforms, Bank of Baroda, Indian Oil Corporation (IOC) and NTPC will be on investors’ radar following their second-quarter financial results.
Apart from quarterly earnings, investors will also track October automobile sales figures, which showed strong growth across several companies. Updates concerning Affle 3i’s acquisition of Perion Network, Coal India’s coal supply and fresh orders received by NCC are also among the important developments to watch.
Here is a look at the major stocks that could remain in focus during today’s trading session.
Reliance Industries, Jio and Bank of Baroda in Focus
Reliance Industries (RIL): Reliance Industries reported a 33.8% year-on-year increase in consolidated net profit for the second quarter, reaching ₹29,550 crore compared with ₹22,092 crore in the corresponding period last year. Revenue increased by 27.8% to ₹3.62 lakh crore, while EBITDA grew 23.9% to ₹62,409 crore. However, the EBITDA margin declined to 17.2% from 17.8%.
Jio Platforms: Jio Platforms recorded a 13.7% rise in profit to ₹8,387 crore. Revenue increased by 11.3% to ₹47,485 crore, while EBITDA climbed 16.6% to ₹21,879 crore. Its EBITDA margin improved to 54.1% from 51.6%. Average Revenue Per User (ARPU) also increased by 3.5% to ₹218.80.
Bank of Baroda: The public sector lender reported a 35.8% increase in second-quarter profit to ₹6,531.5 crore. Net interest income grew 9% to ₹13,026.3 crore. The bank’s asset quality also improved, with gross NPAs declining to 1.78% and net NPAs falling to 0.37%. However, provisions and contingencies increased by 93.3%.
Indian Oil Corporation (IOC): IOC posted a significant 184.2% jump in profit to ₹21,630 crore. Its revenue, excluding excise duty, increased by 40% to ₹2.5 lakh crore.
NTPC: The power generation company’s profit rose 14.3% to ₹5,319.9 crore during the second quarter. Revenue also increased by 16.8% to ₹45,752 crore.
Bharat Electronics (BEL): Bharat Electronics reported a 19.7% year-on-year increase in profit, taking its earnings to ₹1,540.4 crore.
Indraprastha Gas and Zee Entertainment Report Profit Decline
Not all companies reported positive earnings during the quarter. Indraprastha Gas witnessed a sharp 93.3% decline in profit, which fell to ₹25.9 crore.
Zee Entertainment also reported weaker profitability, with its profit declining 40.4% to ₹45.6 crore. However, the company’s revenue increased by 13% during the reporting period.
Auto Stocks in Focus After Strong October Sales
Automobile companies reported encouraging sales figures for October, making their shares important to watch in the stock market.
Maruti Suzuki recorded a 20.9% increase in total sales to 2.67 lakh units. Its exports registered particularly strong growth of 59.3%, reaching 49,872 units.
Tata Motors also reported higher sales across its vehicle segments. Commercial vehicle sales increased by 27% to 47,652 units, while passenger vehicle sales rose 23% to 75,426 units.
Affle 3i, NCC and Waaree Renewable Technologies in Focus
Affle 3i: The company’s Israel-based subsidiary, Affle 3iL, has entered into an agreement to acquire all outstanding shares of Perion Network for $11.70 per share. The all-cash transaction values Perion Network’s equity at approximately $420 million.
The acquisition is expected to be completed in early 2027. Affle 3i expects to become net debt-free immediately after the transaction and achieve a revenue run rate of more than $700 million in financial year 2028.
NCC: The infrastructure company secured eight additional orders during October, with a combined value of ₹1,862.45 crore. The contracts cover its Water, Building and Transportation divisions.
Waaree Renewable Technologies: The company has entered into a five-year operation and maintenance agreement for a 360 MWp solar power project.
Meanwhile, RBM Infracon has received a work order worth ₹354.76 crore.
Disclaimer: This article is published solely for informational and educational purposes. It does not constitute investment advice or a recommendation to buy, sell or subscribe to any shares, IPOs, mutual funds, precious metals, commodities, REITs, InvITs, alternative investment products or cryptocurrencies. Stock market investments are subject to market risks. Readers should conduct their own research or consult a qualified financial adviser before making investment decisions.