Stocks to Watch Today, October 29: Shree Cement, Tata Capital, and Adani Green in Focus

Stocks to Watch Today, October 29

The domestic equity markets are expected to see heightened activity as several large and mid-cap companies announce their Q2 FY26 earnings and key corporate developments. Among the stocks to watch today are Shree Cement, Tata Capital, Adani Green Energy, Jindal Steel, Star Health, M&M Financial Services, BEML, DCM Shriram, Ideaforge, Go Digit, and Premier Energies.

The session is expected to be driven by corporate earnings from blue-chip companies such as Larsen & Toubro, Coal India, HPCL, LIC Housing Finance, PB Fintech, BHEL, Steel Authority of India (SAIL), and Varun Beverages, which are scheduled to release their quarterly numbers today.

Key Q2 FY26 Earnings Highlights

Shree Cement

The cement major reported a 303.6% YoY surge in consolidated profit to ₹308.5 crore compared to ₹76.4 crore last year. Revenue rose 17.4% to ₹4,761 crore, and EBITDA increased 58.8% to ₹974 crore, with margins improving to 20.45% from 15.13%.

Jindal Steel & Power

The company’s consolidated profit declined 25.9% YoY to ₹638.2 crore, though revenue rose 4.2% to ₹11,685.9 crore. The board approved the appointment of Gautam Malhotra as CEO.

Tata Capital

The financial services arm of the Tata Group posted a 17% YoY rise in profit to ₹1,128 crore. Net interest income grew 23% to ₹2,637 crore, while assets under management expanded 22% to ₹2.15 lakh crore.

Mahindra & Mahindra Financial Services

The NBFC reported a 45.1% YoY rise in profit to ₹566 crore, backed by an 18% growth in net interest income to ₹2,829 crore.

Premier Energies

The renewable energy player saw its profit surge 71.6% YoY to ₹353.4 crore, while revenue grew 20.3% to ₹1,836.9 crore, supported by strong demand for solar modules.

DCM Shriram

The diversified agri and chemical firm reported a 151.2% jump in profit to ₹158 crore, driven by a 9.7% rise in revenue to ₹3,432.4 crore.

Ideaforge Technology

The drone manufacturer posted a loss of ₹19.6 crore, compared to ₹13.7 crore last year, though revenue rose 9.9% to ₹40.8 crore.

Happiest Minds Technologies

The IT company reported a 9% YoY increase in profit to ₹54 crore and 10% growth in revenue to ₹573.6 crore.

Star Health and Allied Insurance

The standalone insurer’s profit fell 50.7% YoY to ₹54.9 crore, even as gross premium written rose 1.2% to ₹4,423.8 crore. Net premium earned climbed 10.2% to ₹4,080.8 crore.

Blue Dart Express

The logistics major saw its profit rise 29.5% YoY to ₹81.4 crore, while revenue increased 7% to ₹1,549.3 crore.

Go Digit General Insurance

The insurer reported a 30.2% increase in profit to ₹116.5 crore, with gross premium up 12.6% to ₹2,667.5 crore.

Adani Total Gas

The company’s profit fell 11.9% YoY to ₹163.5 crore, even as revenue grew 19.6% to ₹1,576.4 crore, supported by higher CNG and PNG volumes.

Adani Green Energy

The renewable energy company posted a 25% YoY profit growth to ₹644 crore, while revenue remained steady at ₹3,008 crore. EBITDA rose 17.4% to ₹2,603 crore, with margins expanding to 86.5%.

TVS Holdings

The firm reported a 59.2% jump in profit to ₹442.9 crore and a 27.1% rise in revenue to ₹14,549.2 crore, driven by robust growth in its automotive business.

Corporate Developments and Key Announcements

Signature Global India

The real estate developer raised ₹875 crore through non-convertible debentures (NCDs) issued to the International Finance Corporation (IFC) to fund mid-income housing projects and reduce debt.

Oil India

The company entered a strategic partnership with BPCL and NRL for the development of the ₹1 lakh crore Ramayapatnam Greenfield Refinery and Petrochemical Project in South India, along with a ₹3,500 crore cross-country pipeline project.

PNB Housing Finance

Girish Kousgi, MD & CEO, stepped down on October 28. Jatul Anand, Executive Director, will lead operations until a new CEO is appointed.

Cohance Lifesciences

V Prasada Raju resigned as MD, while Himanshu Agarwal, currently CFO, was appointed as Whole-time Director and CFO for a five-year term effective October 29.

ArisInfra Solutions

Through its subsidiary ArisUnitern RE Solutions, the company formed partnerships with Transcon Group and Amogaya Projects to unlock over ₹12,000 crore in real estate value.

Swan Defence and Heavy Industries

Mazagon Dock Shipbuilders signed a Teaming Agreement with Swan Defence to jointly design and build Landing Platform Docks (LPDs) for the Indian Navy.

Block and Bulk Deals

Aditya Birla Capital

Jomei Investments, a vehicle of Advent International, sold its 2.04% stake (5.32 crore shares) via block deals at ₹308 per share, totaling ₹1,638.6 crore.
Institutional buyers included Goldman Sachs, Morgan Stanley, Norges Bank, Société Générale, HDFC Life, ICICI Prudential, Motilal Oswal AMC, and SBI Mutual Fund.

Aarey Drugs & Pharmaceuticals

India Opportunities Growth Fund – Pinewood Strategy sold 1.53 lakh shares at ₹87.76 per share, worth ₹1.3 crore.

Tolins Tyres

BofA Securities Europe SA acquired 2.1 lakh shares at ₹189.99 per share, valued at ₹3.98 crore.

Stocks in F&O Ban

• Sammaan Capital remains under the F&O ban.
• SAIL has exited the ban list.

Broader Market Context

The focus on stocks to watch today comes amid a busy earnings season where multiple sectors — including cement, renewable energy, financial services, and insurance — are showing mixed performances.
While infrastructure and green energy players report robust growth, select manufacturing and steel companies continue to face margin pressures due to cost volatility and muted global demand.

The session on October 29 will likely be influenced by these corporate results, management changes, and new strategic alliances across key industries, reflecting India’s broad-based industrial recovery trend heading into the second half of FY26.