Stocks to Watch Today, October 28: Aditya Birla Capital, Mazagon Dock, PNB Housing Finance, and More

Stocks to Watch Today, October 28

A host of companies are set to be in focus in today’s trading session as investors track key earnings announcements, corporate actions, and order wins. Major names such as Aditya Birla Capital, Mazagon Dock Shipbuilders, PNB Housing Finance, Sai Silks Kalamandir, Rail Vikas Nigam Ltd (RVNL), Dilip Buildcon, and JK Tyre are among the top stocks to watch today.

Major Results Scheduled for Release

Several large-cap and mid-cap companies will announce their Q2 FY26 earnings today. These include Shree Cement, Tata Capital, TVS Motor Company, Mahindra & Mahindra Financial Services, Adani Green Energy, Adani Total Gas, Blue Dart Express, CAMS, CreditAccess Grameen, Happiest Minds, Jindal Steel, Star Health, and TTK Prestige.

Key Quarterly Earnings Updates

Indus Towers

Indus Towers reported a 17.3% year-on-year decline in consolidated profit to ₹1,839.3 crore, while revenue rose 9.7% to ₹8,188.2 crore. Other income dropped by 27.2%.

Indian Oil Corporation

The energy major posted a profit of ₹7,817.6 crore, reversing a loss of ₹169.6 crore in the previous year. Revenue grew marginally by 2.1% to ₹1.78 lakh crore.

PNB Housing Finance

The housing lender’s standalone profit rose 32.8% YoY to ₹626.5 crore, driven by a 16.1% growth in revenue to ₹2,167.9 crore.

Mazagon Dock Shipbuilders

Profit increased 28.1% YoY to ₹749.5 crore, with revenue up 6.3% at ₹2,929.2 crore. The board announced an interim dividend of ₹6 per share.

Raymond

Profit declined sharply by 76.5% to ₹13.9 crore, while revenue grew 11.4% to ₹527.7 crore.

Sai Silks Kalamandir

The retailer saw a 68.6% YoY surge in profit to ₹40.1 crore and a 27.9% jump in revenue to ₹444.3 crore, reflecting strong festive demand.

JK Tyre and Industries

JK Tyre reported a 64% increase in profit to ₹221.4 crore, with revenue up 10.8% at ₹4,011.3 crore.

Sona BLW Precision Forgings

The company’s profit rose 20% YoY to ₹172.8 crore, and revenue climbed 23.4% to ₹1,138.3 crore, supported by robust demand in the auto components sector.

Corporate Developments & Announcements

Aditya Birla Capital

According to reports, Jomei Investments is likely to sell up to 2% of its stake in Aditya Birla Capital through block deals at a floor price of ₹304.55 per share.

Dilip Buildcon

The infrastructure firm was declared L-1 bidder for a ₹879.3 crore road project awarded by the National Highways Authority of India (NHAI) in Tamil Nadu.

NTPC Green Energy

The company signed an MoU with Paradip Port Authority to develop green hydrogen-based mobility and derivative projects in the Paradip Port area.

Epack Prefab Technologies

Received fresh purchase orders worth ₹139.6 crore from JK Cement, Technical Associates Transformers, and CG Power and Industrial Solutions.

Rail Vikas Nigam Ltd (RVNL)

Emerged as the lowest bidder (L1) for a bridge substructure construction project worth ₹165.5 crore from the North Eastern Railway.

Sanofi India

The company’s board appointed Deepak Arora as Managing Director for three years, effective October 27, while Rachid Ayari stepped down as Interim MD but continues as CFO and Whole-time Director.

ITC Ltd

The board is scheduled to meet on October 30 to consider voluntary delisting from the Calcutta Stock Exchange.

Tata Chemicals

A legal ruling from the Court of Appeal, Nairobi, favored Tata Chemicals Magadi, declaring a ₹783 crore land rate demand by Kenya’s Kajiado County Government as arbitrary and unlawful.

Reliance Industries

Subsidiary Reliance Jio added 32.5 lakh new wireless subscribers in September, compared to 19.5 lakh in August, maintaining its leadership in telecom user additions.

Bharti Airtel & Vodafone Idea

Bharti Airtel gained 4.37 lakh subscribers in September, while Vodafone Idea lost 7.44 lakh, indicating continued churn in the sector.

Bulk Deals

• Dhani Services: Goldman Sachs Bank Europe SE bought 41.14 lakh shares at ₹51.26 each, worth ₹21.09 crore.
• Utkarsh Small Finance Bank: Olympus ACF sold 64.1 lakh rights shares at ₹3.53 each, totaling ₹2.26 crore.
• Ekansh Concepts: Durva Infratech LLP acquired 3.96 lakh shares at ₹227.05, while Carron Investments offloaded 3.37 lakh shares.

Stocks Trading Ex-Date

• For Amalgamation: Dhani Services, Indiabulls Enterprises.
• For Stock Split: KSE Ltd.

F&O Ban List

The following stocks are currently under Futures & Options (F&O) trading restrictions:

• SAIL
• Sammaan Capital

The session on October 28 is shaping up to be quite eventful, as several big companies are set to announce their earnings and share some strategic updates. With a flurry of news coming from the infrastructure, energy, and financial sectors, traders and investors will be keeping a close eye on emerging trends and how the market responds.