Stocks to Watch Today, 31 Oct: ITC, Swiggy, Reliance, NTPC, Dabur in Focus

Stocks to Watch Today, 31 October 2025: Key Earnings, Deals, and Market Highlights

The share market today is expected to witness heightened activity as several blue-chip and mid-cap companies release their quarterly results, announce new partnerships, or secure major orders. Here are the top stocks to watch today based on corporate developments, earnings reports, and key transactions shaping market sentiment.

Major Earnings Announcements

ITC Ltd

ITC reported a 2% year-on-year rise in standalone net profit to ₹5,180 crore for Q2 FY26, surpassing Street expectations. Revenue declined 3.4% to ₹18,021 crore, while EBITDA grew 2.1% to ₹6,252 crore, improving margins to 34.7% from 32.8% last year. The board appointed Amitabh Kant as Independent Director for five years and reappointed Hemant Malik as Wholetime Director for two years.

Swiggy Ltd

Food delivery platform Swiggy posted a net loss of ₹1,092 crore, widening from ₹626 crore last year, despite a 54% revenue jump to ₹5,561 crore. The company will consider raising up to ₹10,000 crore via QIP or other modes on November 7.

Dabur India Ltd

Dabur’s consolidated net profit grew 6.5% YoY to ₹444.8 crore, slightly below expectations, while revenue rose 5.4% to ₹3,191 crore. Operating margin held steady at 18.4%, supported by stable performance across its healthcare and home care segments.

NTPC Ltd

India’s largest power generator reported flat profit growth at ₹4,653 crore for Q2 FY26, compared with ₹4,648 crore last year. Revenue increased 2.9% to ₹39,166 crore, with EBITDA up 3.4% at ₹10,019 crore. Margins improved to 25.6% from 24%, in line with market estimates.

Nippon Life India Asset Management Ltd

The asset manager posted a 4.2% drop in net profit to ₹345 crore despite record operating profit of ₹419 crore. Revenue grew 15.2% to ₹658 crore. The company announced an interim dividend of ₹9 per share, with record date on November 6 and payment from November 14.

Welspun Corp Ltd

Welspun Corp’s consolidated net profit jumped 53% YoY to ₹439 crore, driven by 32.5% revenue growth to ₹4,373 crore. EBITDA increased 47.7% to ₹590.8 crore, while margins expanded to 13.5%.

Gillette India Ltd

The company posted an 11% profit rise to ₹49.1 crore, supported by higher sales and operational efficiency. Revenue grew 3.7% to ₹810.8 crore, and EBITDA rose 9.1% to ₹207.7 crore, with margins improving to 25.6%.

Manappuram Finance Ltd

Manappuram Finance reported a 62% decline in profit to ₹217 crore, impacted by lower net interest income (down 18.5% YoY to ₹1,408 crore). The results indicate pressure on the gold loan segment despite elevated gold prices.

Other Key Corporate Updates

Reliance Industries Ltd (RIL)

Through its subsidiary Reliance Intelligence Ltd, RIL has partnered with Google to provide Jio users aged 18–25 with free access to Google’s Gemini Pro AI suite worth ₹35,100 for 18 months. The plan includes Gemini 2.5 Pro access, cloud storage, and AI tools in Gmail and Docs, aligning with RIL’s “AI for All” vision.

Bharat Electronics Ltd (BEL)

BEL has received fresh defence and technology orders worth ₹732 crore, including software-defined radios developed with DRDO and advanced communication systems.

Tata Consultancy Services (TCS)

TCS signed a five-year partnership with Tata Motors to enhance ESG data management using AI-driven sustainability platform Prakriti. This collaboration aims to improve ESG reporting and environmental performance across Tata Motors’ plants.

LTIMindtree Ltd

The tech services firm launched BlueVerse with Organizational General Intelligence (OGI) — a next-generation IT service management platform designed for autonomous enterprise operations.

MTAR Technologies

MTAR Technologies received an international order worth ₹263.5 crore from an existing client, reflecting continued global demand for its precision engineering solutions.

V2 Retail Ltd

V2 Retail initiated its Qualified Institutional Placement (QIP) at a floor price of ₹2,245.75 per share, aiming to raise ₹300–₹400 crore to fund expansion and working capital needs.

Bulk and Block Deals

• Associated Alcohols & Breweries: Equity Intelligence India acquired 1 lakh shares (0.52%) at ₹1,160.6 per share, totaling ₹11.6 crore.
  
  
• Chennai Petroleum Corporation: BofA Securities Europe SA bought 7.62 lakh shares (0.51%) for ₹66.2 crore.
  
  
• Emergent Industrial Solutions: Isquare Global PE Fund acquired 72,000 shares (1.57%) worth ₹4.4 crore.
  
  
• Reliance Industries: BofA Securities also purchased 2.95 lakh shares at ₹1,475.5 per share, totaling ₹43.6 crore.

Ex-Dividend, Spin-Offs, and Bonus Updates

Stocks trading ex-dividend today: Coforge, Laurus Labs, NRB Bearings, PDS, Supreme Petrochem, Jasch Gauging Technologies, and Julien Agro Infratech.

Stocks trading ex-date for spin-off: Dalmia Bharat Sugar & Industries, Modern Insulators.

Rights Issue ex-date: Times Green Energy, Titan Intech, Darshan Orna.

Split & Bonus ex-date: Fineotex Chemical.

Amalgamation ex-date: Mangalore Chemicals & Fertilizers.

Out of F&O ban: Sammaan Capital.

Earnings to Watch

More than 75 companies including Maruti Suzuki, Vedanta, Bharat Petroleum, GAIL India, Shriram Finance, and Bank of Baroda will release results today. On November 1, Urban Company, Affle 3i, Azad Engineering, GHCL, JK Cement, SBFC Finance, and Tata Chemicals will report their quarterly earnings.

Market Context

Investor sentiment remains focused on Q2 earnings performance, with FMCG, financials, and IT sectors under close watch. The ongoing results season is expected to drive stock-specific action as companies report post-festive demand trends, margin performance, and global order flows.

The share market today may also take cues from global economic indicators, crude oil price trends, and domestic institutional flows.