Stocks to Watch Today: Key Earnings and Deals on 3 Nov

Stocks to Watch Today: Key Earnings, Auto Sales, and Corporate Developments (3 Nov)

The stocks to watch today include several major companies from diverse sectors as investors assess quarterly earnings, management changes, and new business orders. The share market today is expected to see stock-specific movements led by results from Bharti Airtel, Titan Company, Tata Consumer Products, Power Grid Corporation, Ambuja Cements, and more.

Earnings in Focus

Major Results Scheduled

A wide range of companies are set to announce their quarterly results today, including Bharti Airtel, Titan Company, Tata Consumer Products, Power Grid Corporation, Ajanta Pharma, Ambuja Cements, City Union Bank, Gland Pharma, JK Paper, Hitachi Energy India, Timken India, Westlife Foodworld, and others.

Key Quarterly Highlights

Bharat Petroleum Corporation Ltd (BPCL)

BPCL posted a 169.5% YoY surge in profit to ₹6,191.5 crore in Q2FY26, compared to ₹2,297.2 crore a year earlier. Revenue grew 2.1% to ₹1,04,946 crore. The company declared an interim dividend of ₹7.5 per share for FY26, with November 7 as the record date.

Bank of Baroda

Profit fell 8.2% YoY to ₹4,809 crore as provisions declined 47% to ₹1,232 crore. Net interest income grew modestly by 2.7%, while gross NPA improved to 2.16% from 2.28%.

Patanjali Foods

Profit rose 67.4% YoY to ₹517 crore, supported by a 21% increase in revenue to ₹9,799 crore. EBITDA rose 19.4%, aided by strong performance from the FMCG and edible oil segments.

Tata Chemicals

The company reported a 60% YoY decline in profit to ₹77 crore, while revenue dipped 3% to ₹3,877 crore. The fall was attributed to weaker market demand and reconfiguration of international operations.

JK Cement

Profit grew 27.6% YoY to ₹160.5 crore, with revenue up 18% to ₹3,019 crore. EBITDA surged 57% to ₹446 crore, improving margins to 14.8%.

Phoenix Mills

Q2FY26 profit jumped 39.5% YoY to ₹304 crore on the back of higher rental income and retail recovery. Revenue rose 21.5% to ₹1,115 crore, while EBITDA margin improved to nearly 60%.

Zensar Technologies

The IT firm reported a 17% YoY rise in profit to ₹182 crore and an 8.7% increase in revenue to ₹1,421 crore, reflecting steady operational growth.

Schaeffler India

Profit climbed 22.4% YoY to ₹289 crore, while revenue increased 15% to ₹2,435 crore, driven by strong industrial demand.

MedPlus Health Services

Profit surged 43% YoY to ₹55.5 crore, with revenue up 12% at ₹1,679 crore. EBITDA grew 20% to ₹149 crore.

Monthly Auto Sales Snapshot

Maruti Suzuki India

• Total sales rose 7% YoY to 2.2 lakh units.
• Domestic sales climbed 9.4%, while exports dipped 5.6%.

Mahindra & Mahindra

• Auto sales rose 25.6% YoY to 1.2 lakh units.
• Passenger vehicle sales up 31%, and tractor sales surged 13% to 73,660 units.

Tata Motors

• Passenger vehicle sales increased 27% YoY to 61,134 units.
• Commercial vehicle sales grew 10%, reflecting broad-based demand recovery.

Eicher Motors (Royal Enfield)

• Recorded record festive sales with 2.49 lakh motorcycles sold in October.
• Total sales grew 13% YoY to 1.24 lakh units.

TVS Motor Company

• Total sales rose 11% YoY to 5.43 lakh units.
• EV sales increased 11%, while exports grew 21%.

Corporate Announcements and Management Changes

• Kotak Mahindra Bank: Deputy Managing Director Shanti Ekambaram retired after completing her term.
• AU Small Finance Bank: Deputy CEO Rajeev Yadav resigned effective October 31.
• Zee Media Corporation: CEO Karan Abhishek Singh stepped down effective October 31.
• Gujarat Gas: Manoj Kumar Das appointed as Chairman, replacing Pankaj Joshi.
• Hindustan Unilever: Received an Income Tax demand order of ₹1,986 crore for FY21; company plans to appeal.

Key Order Wins and Business Developments

• Titagarh Rail Systems: Secured a ₹2,481 crore contract from MMRDA for Mumbai Metro Line 5, including manufacturing of metro coaches and signalling systems.
• Zen Technologies: Received two defence orders worth ₹289 crore for anti-drone system upgrades.
• Astra Microwave Products: JV Astra Rafael Comsys won a ₹285.56 crore order from the Ministry of Defence for communication systems.
• NCC Ltd: Bagged new infrastructure orders worth ₹1,663 crore across the buildings and transport segments.
• NTPC Green Energy: Signed an MoU with CtrlS Datacenters for 2 GW renewable energy projects.
• RailTel Corporation: Received a ₹32.4 crore order from Rajasthan Council of School Education.

Bulk Deals and Market Movements

• AAA Technologies: Nova Global Opportunities Fund purchased 5 lakh shares, increasing its stake to over 8%.
• Affordable Robotic: Promoter sold 1.6 lakh shares at ₹248.8 per share.
• HCP Plastene Bulkpack: SKG Asset Management bought a 0.5% stake for ₹82.8 lakh.

Stocks Trading Ex-Dividend or Split

• Ex-Dividend: Shree Cement, Colgate Palmolive, DCM Shriram, Oracle Financial Services, Supreme Industries.
  
• Ex-Split: BEML.

Market Outlook Context

Investors tracking the share market today will focus on earnings announcements, management reshuffles, and auto sales figures, all of which reflect sector-specific trends in consumption, manufacturing, and banking. Broader market cues will likely depend on foreign fund flows, oil price trends, and global equity movements as November trading begins.

Summary:
The stocks to watch today include large-cap names such as BPCL, Tata Chemicals, Patanjali Foods, and Phoenix Mills, along with mid-cap and SME players announcing major business updates and results. With key earnings and corporate events lined up, market participants will closely monitor sectoral trends and financial disclosures for trading direction.