Stocks to Watch Today, 04 November: Key Earnings, Fundraises, and Deals in Focus

Stocks to Watch Today, 04 November: Key Results, Fundraising Plans, and Acquisitions in Focus

The share market today is expected to witness significant movement as multiple blue-chip and mid-cap companies report their September-quarter earnings. Major corporates including State Bank of India, Mahindra & Mahindra, Adani Enterprises, Adani Ports, Paytm, and InterGlobe Aviation are set to release their Q2 results, alongside a flurry of corporate announcements, acquisitions, and fundraising decisions.

Q2 Earnings to Watch on 04 November

The day’s focus remains on quarterly earnings from some of India’s largest listed entities. Key companies announcing results include SBI, Mahindra & Mahindra, Adani Group firms, Paytm, Indian Hotels, Aditya Birla Fashion, InterGlobe Aviation, and Suzlon Energy.

On November 5, several other large-cap companies such as Grasim Industries, Sun Pharmaceutical, Britannia Industries, Aurobindo Pharma, and Delhivery will release their financial results.

Highlights from Major Q2 Announcements

Bharti Airtel

• Net profit surged 89% year-on-year (YoY) to ₹6,791.7 crore.
• Revenue grew 25.7% YoY to ₹52,145 crore.
• EBITDA rose 35.3% YoY, improving margins to 56.7%.
• The company also received Board approval to acquire up to a 5% stake in Indus Towers.

Titan Company

• Consolidated net profit increased 59% YoY to ₹1,120 crore.
• Revenue climbed 28.8% YoY to ₹18,725 crore.
• EBITDA margin expanded to 10%, driven by strong jewellery and watch sales.

Power Grid Corporation

• Net profit declined 6% YoY to ₹3,566 crore, though revenue edged up 1.8% YoY.
• The Board declared an interim dividend of ₹4.5 per share.

Bharti Hexacom

• Reported a 66.4% YoY rise in profit to ₹421 crore.
• Revenue increased 10.5% YoY to ₹2,317 crore with ARPU at ₹251.

SJS Enterprises

• Profit jumped 48.5% YoY to ₹43.3 crore, while revenue rose 25% YoY to ₹241.8 crore, driven by strong demand in auto components.

Godfrey Phillips India

• Profit rose 18.7% YoY to ₹305 crore, supported by improved operating efficiency.
• The company declared an interim dividend of ₹17 per share (850%).

Hitachi Energy India

• Profit grew fivefold YoY to ₹264 crore on strong order execution.
• Revenue advanced 18% YoY to ₹1,832 crore, with operating margins improving sharply.

Gland Pharma

• Posted a 12.3% YoY increase in profit to ₹184 crore.
• Revenue rose 5.8% YoY to ₹1,486.9 crore, supported by steady performance in injectables.

City Union Bank

• Profit grew 15.2% YoY to ₹329 crore, aided by higher net interest income.
• Gross NPA improved to 2.42% from 2.99% sequentially, with net NPA at 0.9%.

Hero MotoCorp

• Reported total sales of 6.36 lakh units in October, down 6.5% YoY.
• Domestic sales declined 8%, while exports surged 43% YoY, reflecting recovery in overseas markets.

Corporate Announcements and Strategic Developments

Cipla Ltd

Cipla signed definitive agreements to acquire a 100% stake in Inzpera Healthsciences for ₹110.65 crore. The acquisition will make Inzpera a wholly owned subsidiary, expanding Cipla’s portfolio in consumer health products.

Zydus Lifesciences

The company’s Board will meet on November 6 to consider raising up to ₹5,000 crore via QIP, rights issue, or preferential allotment. The proposal will also seek shareholder approval through a postal ballot.

Info Edge India

The firm plans to invest ₹100 crore in its subsidiary Redstart Labs (India), which has exposure to technology and internet-based ventures.

Lemon Tree Hotels

Lemon Tree opened its ninth hotel in Uttarakhand, a 98-room property in Dehradun, managed by its subsidiary Carnation Hotels.

Zee Media Corporation

Appointed Raktimanu Das as CEO, effective November 4, signaling a leadership shift in the media business.

Bulk Deals and Institutional Transactions

• Bharat Wire Ropes: NBFC Authum Investment & Infrastructure purchased 18 lakh shares (2.6%) at ₹210 each for ₹37.8 crore.
• Black Box: India Opportunities Growth Fund offloaded over 20 lakh shares worth approximately ₹110 crore at ₹550 per share.
• Dredging Corporation of India: Invesco Mutual Fund bought 1.52 lakh shares at ₹851.7 per share, totaling ₹13 crore.
• Fineotex Chemical: Nippon Mutual Fund sold 29.58 lakh shares at ₹33.2 per share for ₹9.8 crore.
• Exhicon Events Media Solutions: India Equity Fund sold 2.49 lakh shares (1.89%) for ₹11.15 crore.

Ex-Dividend and Spin-Off Stocks

The following stocks trade ex-dividend today:
Coal India, Bhansali Engineering Polymers, Happiest Minds Technologies, Mazagon Dock Shipbuilders, RailTel Corporation of India, and Sundram Fasteners.

Additionally, Cube Highways Trust trades ex-date for income distribution, and Parshva Enterprises trades ex-date for a spin-off.

Broader Context: Earnings Season and Market Sentiment

As Q2 FY26 earnings continue, corporate results across sectors are offering a mixed picture. Telecom, consumer goods, and industrial companies have shown resilience, while select auto and power firms face margin pressure. With major fundraises, acquisitions, and leadership appointments on the horizon, the share market today is expected to stay driven by earnings disclosures and corporate developments.

Summary

The stocks to watch today include Bharti Airtel, Zydus Lifesciences, Cipla, Gland Pharma, Titan, City Union Bank, and Hero MotoCorp, with investors tracking quarterly results, fundraises, and strategic deals that could shape market sentiment in the near term.