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Stocks to Watch for October 23: RIL, Swiggy, HPCL, Jindal Stainless, eMudhra and more

From Swiggy narrowing its Q2 net loss to ₹922 crore to Colgate-Palmolive India reporting a 4.1% year-on-year rise in net profit to ₹341.5 crore, here ...

Stocks to Watch for October 23: RIL, Swiggy, HPCL, Jindal Stainless, eMudhra and more

From Swiggy narrowing its Q2 net loss to ₹922 crore to Colgate-Palmolive India reporting a 4.1% year-on-year rise in net profit to ₹341.5 crore, here ... 1 /9 Swiggy | Quick commerce platform reported a net loss of ₹922 crore in Q2, narrowing from ₹1,092 crore in the year-ago period. Revenue rose 54.4% year-on-year to ₹5,561 crore from ₹3,601 crore, while EBITDA loss narrowed to ₹770 crore from ₹798 crore. Quick commerce revenue increased 33.3% to ₹1,306 crore from ₹980 crore, while food delivery revenue grew 21.6% to ₹2,338 crore from ₹1,923 crore.

Quick Commerce NOV grew 31.4% YoY and 13.4% QoQ to ₹6,954 crore. Instamart added 69 darkstores in the quarter, equal to the cumulative additions of the last three quarters, bringing the total to 1,240 stores. 2 /9 Colgate-Palmolive India | The firm reported a 4.1% year-on-year rise in net profit to ₹341.5 crore in Q2, compared with ₹328 crore in the year-ago period. Revenue increased 12.2% to ₹1,705.7 crore from ₹1,520 crore, while EBITDA rose 1.9% to ₹474 crore from ₹465 crore.

EBITDA margin contracted to 28% from 31% a year ago. However the company's net profit, revenue, EBITDA and EBITDA margin came in below estimates of ₹367 crore, ₹1,734 crore, ₹518 crore and 30%, respectively. 3 /9 Cyient | The firm reported a 7.7% quarter-on-quarter rise in revenue to ₹2,235 crore in Q2, compared with ₹2,075.7 crore in the previous quarter. Net profit increased 22% sequentially to ₹132.5 crore from ₹108.7 crore.

EBIT rose 22.1% year-on-year to ₹228.4 crore, while EBIT margin expanded to 10.22% from 9.01% a year ago. It also declared an interim dividend of ₹12 per equity share. 4 /9 CIE Automotive India | The firm reported an 11% year-on-year increase in revenue to ₹2,633 crore for the September quarter, compared with ₹2,372 crore in the year-ago period. Net profit also rose 14% to ₹244 crore from ₹214 crore.

EBITDA increased 5.1% year-on-year to ₹374 crore from ₹356 crore. However, EBITDA margin contracted to 14.2% from 15% a year ago. Sales in India grew 18% year-on-year.

Sales in Europe remained under pressure amid a stagnant market. 5 /9 eMudhra | The firm has decided to voluntarily exit the global SSL/TLS certificate business, citing rising compliance requirements, increasing costs and reduced business potential. The company said the segment contributes around 1% of its global revenue. 6 /9 Jindal Stainless | It reported an 11.1% yoy increase in net profit to ₹898 crore in Q2 higher from ₹808 crore in the corresponding quarter last year , supported by stronger volumes and a 36% jump in exports. On a sequential basis, profit increased 16.4% from ₹769 crore in the June quarter.

Revenue for the quarter rose 18.2% year-on-year to ₹12,874 crore, compared with ₹10,893 crore a year earlier. Revenue was also up 14.1% from ₹11,279 crore in the preceding quarter. Shipments increased 2.5% to 664,378 tonnes during the quarter, while exports accounted for 11% of sales, compared with 9% a year earlier. 7 /9 Reliance Industries | Total bids for the Jio Platforms IPO crossed ₹1 lakh crore as bidding reached the halfway mark on the second day of the country’s largest IPO.

It became the fastest in history to reach full subscription for an issue of such a size. The first day had seen bids worth ₹70,000 crore being placed. All investor categories in the Jio Platforms IPO have now been fully subscribed. 8 /9 Adani Total Gas Ltd | The firm reported a 3.2% year-on-year increase in net profit to ₹167 crore for the second quarter, compared with ₹162 crore in the same period last year.

Revenue from operations rose 34.1% yoy to ₹1,936 crore from ₹1,444 crore. EBITDA increased 11% to ₹326 crore from ₹293 crore in the year-ago period. However, the EBITDA margin contracted to 16.8% from 20.3% in the corresponding quarter last year.

Its combined CNG and PNG volume increased 12% year-on-year to 315 MMSCM) in Q2 FY27 on a standalone basis. It expanded its CNG network to 723 stations. 9 /9 HPCL | The firm reported a net profit of ₹3,482.6 crore in Q2, compared with a loss of ₹11,526 crore in the previous quarter. Revenue fell 4.3% quarter-on-quarter to ₹1.3 lakh crore, while EBITDA stood at ₹9,074 crore against a loss of ₹16,141 crore in Q1.

The company said suppressed marketing margins on certain petroleum products impacted profitability during April-September 2026. Note To Readers Disclaimer: Reliance Industries Ltd is the sole beneficiary of Independent Media Trust that controls Network18, the parent company of CNBCTV18.com. Home Photos News Market News Stocks to Watch for October 23: RIL, Swiggy, HPCL, Jindal Stainless, eMudhra and more

Source: CNBC TV18

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