Stocks in news: Reliance Industries, Jio Platforms, M&M, CDSL, ITC, NTPC, IOCL and Hero MotoCorp

Indian equity benchmarks ended higher on Friday, with the Nifty 50 and BSE Sensex posting modest gains. The Nifty 50 rose 116 points, or 0.51%, to close at 23,053. From a technical perspective, the short-term outlook for the Nifty remains positive as long as the index sustains above 22,800, said Vatsal Bhuva, Technical Analyst at LKP Securities.

Against this backdrop, several stocks, including Reliance Industries, Jio Platforms, Mahindra & Mahindra, CDSL, ITC, NTPC, Indian Oil Corporation and Hero MotoCorp, are likely to remain in focus on Monday, November 2 as the investors will track September-quarter earnings, monthly sales data, acquisition announcements, fundraising activity, operational updates and other corporate developments.

Reliance Industries

Mukesh Ambani-led Reliance Industries (RIL) on Friday reported a 41% year-on-year (YoY) increase in consolidated net profit attributable to shareholders at Rs 25,548 crore for the September quarter, compared with Rs 18,165 crore in the corresponding period last year.


The growth was supported by a strong performance from its oil-to-chemicals and digital services businesses.

Jio Platforms

Jio Platforms reported a 14% YoY increase in consolidated net profit at Rs 8,389 crore in its maiden quarterly results following its listing earlier in the week.

The performance was supported by healthy subscriber additions, growth in its digital services business and a marginal increase in average revenue per user (ARPU).

Revenue from operations rose 11% to Rs 40,475 crore from Rs 36,332 crore in the year-ago period.

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NTPC Green Energy

State-owned NTPC Green Energy reported a 56.2% YoY increase in consolidated net profit at Rs 137.5 crore for the second quarter of FY27 (Q2FY27), compared with Rs 88 crore in the corresponding quarter of the previous financial year.

Sun Pharma

Sun Pharmaceutical Industries reported a 36% YoY decline in consolidated net profit at Rs 1,989 crore for the September quarter, compared with Rs 3,118 crore a year earlier.

Exceptional charges related to US litigation and its proposed acquisition of Organon weighed on the company's earnings.

CDSL

Central Depository Services (India) Ltd (CDSL) reported a 24% YoY increase in net profit at Rs 173 crore for the second quarter, compared with Rs 140.2 crore in the corresponding period last year.

Revenue increased 23.7% to Rs 395 crore from Rs 319 crore. EBITDA stood at Rs 229 crore, while the EBITDA margin improved to 58% from 56% a year earlier.

NTPC

State-owned power utility NTPC reported a 14% YoY increase in standalone net profit at Rs 5,320 crore for Q2FY27, compared with Rs 4,653 crore in the corresponding quarter last year.

Bank of Baroda

Bank of Baroda reported a 35.8% YoY increase in standalone net profit at Rs 6,532 crore for Q2FY27, compared with Rs 4,809 crore in the corresponding quarter of the previous financial year.

Net profit for the first half of FY27 stood at Rs 7,810 crore.

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GAIL

GAIL (India) reported a 139.3% YoY surge in consolidated net profit at Rs 4,719.66 crore for the September quarter of FY27, compared with Rs 1,972.40 crore in the year-ago period.

Bharat Electronics

Bharat Electronics Ltd (BEL) reported a 19.8% YoY increase in standalone profit after tax (PAT) at Rs 1,541 crore for Q2FY27, beating market expectations.

The company had posted a standalone net profit of Rs 1,286 crore in the corresponding period of the previous financial year.

Mahindra & Mahindra

Mahindra & Mahindra announced overall auto sales of 1,31,109 vehicles in October 2026, registering a 9% growth, including exports.

In the utility vehicles segment, domestic sales stood at 73,338 units, up 2%. Total utility vehicle sales, including exports, came in at 74,904 units. Domestic commercial vehicle sales increased 4% to 33,037 units.

Hero MotoCorp

Hero MotoCorp reported total dispatches of 7,34,403 units in October 2026, compared with 6,35,808 units in the same month last year, marking a 16% YoY increase across motorcycles and scooters, including ICE and electric models.

The company also reported healthy retail momentum, with VAHAN registrations reaching 5,89,665.

Indian Oil Corporation

Indian Oil Corporation (IOC) reported its highest-ever quarterly standalone net profit of Rs 21,630 crore for Q2, compared with a loss of Rs 2,661 crore in the previous quarter.

Improved refining margins more than offset losses on petrol and diesel sales, along with the burden of unpaid LPG subsidies.

Revenue from operations declined 4.6% quarter-on-quarter to Rs 2.50 lakh crore from Rs 2.62 lakh crore.

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Muthoot Finance

Muthoot Finance, India's largest gold loan company, reported a 36% YoY increase in consolidated net profit at Rs 3,278 crore for the second quarter.

The growth was supported by a 42% expansion in business, although asset quality deteriorated during the quarter.

LIC Housing Finance

LIC Housing Finance reported a 12% YoY increase in consolidated net profit at Rs 1,507 crore for the September quarter, compared with Rs 1,349 crore a year earlier.

The growth was aided by a reversal of impairment charges and an improvement in asset quality.

Total income increased 1.5% to Rs 7,194 crore from Rs 7,090 crore, while interest income rose 1% to Rs 7,122 crore. Finance costs edged up to Rs 5,023 crore from Rs 4,995 crore.

SJVN

State-run SJVN reported a sharp improvement in its Q2FY27 performance, with net profit rising to Rs 657.4 crore from Rs 308 crore in the corresponding quarter last year.

Revenue for the quarter increased 117.5% YoY to Rs 2,244.3 crore, compared with Rs 1,032 crore in Q2FY26.

Nazara Technologies

Nazara Technologies announced an infusion of $77 million, or approximately Rs 734.35 crore, into its wholly owned UK subsidiary, Nazara Technologies UK.

The funds will be used in connection with the payment of the second tranche of its acquisition of Spanish gaming companies Bluetile Games and Bestplay Systems.

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Affle 3i

Affle 3i announced that its wholly owned step-down subsidiary, Affle 3iL Ltd, has entered into a definitive merger agreement to acquire Israel-based Perion Network Ltd.

Perion and its subsidiaries have operations primarily across the US, Canada, Israel and Europe. Under the proposed transaction, Affle will acquire 100% of Perion and its subsidiaries through an all-cash deal.

PNGS Reva Diamond Jewellery

PNGS Reva Diamond Jewellery announced the opening of its exclusive brand store at Elpro Mall, Elpro City Square, Chinchwadgaon, Pune, on November 1, 2026.

With the addition of this outlet, the company now has 34 shop-in-shop (SIS) stores with P. N. Gadgil & Sons Ltd and seven exclusive brand outlets (EBOs).

Coal India

Coal India Ltd (CIL) recorded its highest-ever monthly coal supplies and supplies to the power sector in October FY27, marking a milestone in its operational performance.

The company's coal production also reached its highest-ever October level in any financial year.

The achievement comes amid the need to replenish coal stocks at thermal power plants in response to rising electricity demand. Operations faced challenges from unseasonal rainfall, Puja festivities and the impact of a cyclone.

Lemon Tree Hotels

Lemon Tree Hotels announced the rebranding of three properties following renovation, effective November 1, 2026.

Lemon Tree Hotel, Electronics City, Bengaluru, owned by subsidiary Celsia Hotels Private Ltd, has been rebranded as Lemon Tree Premier, Electronics City, Bengaluru.

Lemon Tree Hotel, Gachibowli, Hyderabad, owned by subsidiary Fleur Hotels Ltd, has been renamed Lemon Tree Premier, Gachibowli, Hyderabad.

Red Fox Hotel, Hitec City, Hyderabad, owned by the company, has been rebranded as Lemon Tree Hotel, Hitec City, Hyderabad.

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Q2 results today

ITC, Marico, National Aluminium Company, Petronet LNG, UPL, NLC India, Container Corporation of India, Wockhardt, Escorts Kubota, Tata Investment Corporation, Granules India, Carborundum Universal, TBO Tek, Choice International, Fine Organics Industries, Devyani International, ESDS Software Solution, Amara Raja Energy & Mobility, Ventive Hospitality, Lloyds Engineering Works, Akums Drugs Pharmaceuticals, DOMS Industries, PCBL Chemical, Trident, Procter and Gamble Health, KEC International, KRBL, Kanohar Electricals, Gujarat Narmada Valley Fertilizers & Chemicals, Vesuvius India, JK Paper, Eureka Forbes, Sheela Foam, Sun Pharma Advanced Research Company, Balaji Amines, Nirlon, Gujarat State Fertilizers & Chemicals, Triveni Engineering and Industries, Prasol Chemicals, Arvind Fashions, Puravankara, VRL Logistics, Happiest Minds Technologies, Bosch Home Comfort India, MOIL, PTC India, Thomas Cook (India), Purple Style Labs, Capillary Technologies India, Epigral, Grauer and Weil (India), Sanghvi Movers and Ideaforge Technology.

Disclosure: This article has been written by Kumar Gaurav, who is not a Sebi-registered Research Analyst or an Investment Adviser. Gaurav and their ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective Sebi-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here