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Stocks to Watch Today (October 23, 2025): India’s equity markets are likely to see stock-specific action on Thursday, October 23, 2025, with several companies announcing quarterly results, key board meetings, and corporate developments.

The board will meet today to consider fundraising plans through permissible routes.

The company’s shares will be shifted from the Trade-to-Trade segment to the Rolling segment, improving trading liquidity.

The stock will trade ex-dividend today for an interim dividend of Rs 6.5 per share.

Shares will turn ex-dividend for an interim payout of Rs 5 per share, which is around 2 per cent of the current market price.

Revenue: Rs 295.3 crore vs Rs 330 crore (down 10%)

EBITDA loss: Rs 48 crore vs Rs 66 crore

PAT: Rs 16 crore vs Rs 20 crore (down 20%)

Revenue: Rs 169.8 crore vs Rs 218.5 crore (down 22.3%)

EBITDA: Rs 38.9 crore vs Rs 95.1 crore (down 59%)

EBITDA margin: 22.9% vs 43.5%

PAT: Rs 22.4 crore vs Rs 56 crore (down 60.1%)

Revenue: Rs 2113.7 crore vs Rs 1392.1 crore (up 51.8%)

EBITDA: Rs 159.9 crore vs Rs 87.8 crore (up 82.1%)

Margin: 7.6% vs 6.3%

PAT: Rs 99.2 crore vs Rs 55.8 crore (up 77.8%)

The company announced new iron ore prices – Baila Lump at Rs 5,550 per tonne and Baila Fines at Rs 4,750 per tonne.

- Issued an update on its Rs 18,000 crore share buyback, the largest in its history. - Promoters will not participate in the buyback, approved on September 11, and priced at Rs 1,800 per share. - Promoter holding stands at 13.05 per cent.

Received a Rs 633 crore order from Cochin Shipyard for the supply of sensors, weapon equipment, and communication systems.

- Shares have soared from Rs 15 in April 2024 to Rs 9,292.20 in October 2025. - BSE has placed the stock under Enhanced Surveillance Measures (ESM) due to abnormal price movement not backed by fundamentals. - Trading will now take place in the Trade-for-Trade segment with a 2 per cent daily price band and 100 per cent margin requirement.

The company received an Establishment Inspection Report (EIR) from the USFDA for its Srikakulam, Andhra Pradesh facility, marking the inspection as Voluntary Action Indicated (VAI).

The company inaugurated two new facilities – a Precision Engineering Unit and a Fabrication Facility – catering to nuclear, aerospace, oil & gas, and aero-engine components.

Filed a settlement application with SEBI related to non-compliances in FY24 and agreed to pay a Rs 15.5 crore penalty as part of the settlement.

Announced a joint venture with Adani Realty to develop Monte South Commercial in Byculla, Mumbai. The project will have a gross development value of Rs 3,400 crore, making it one of the largest commercial projects in the city.

Clarified reports about a preferential issue for a 9.99% stake, stating no final decision has been taken yet. The board will meet on October 24 to consider the fundraising proposal.

Repaid around Rs 1,339 crore, including interest, to consortium lenders, completing its debt settlement process.

Signed a five-year agreement with Megha City Gas Distribution Pvt Ltd to provide the Zaggle Fleet Program.

Sold a 10% stake in Canara HSBC Life Insurance for Rs 1,007 crore, reducing its holding from 23% to 13%. The sale involved 9.5 crore shares at Rs 106 per share.

Promoter Heineken N.V. reported in its Q3 update that India’s net revenue grew mid-single digit, while beer volumes declined due to heavy monsoon. Price-mix improved in high single digits, supported by premium launches such as Kingfisher Ultra Max and Amstel Grande.

Signed a joint venture agreement with the US-based C&Y Group Investments to set up a recycling and manufacturing plant in Ahmedabad. Jain will hold 52%, and C&Y Group 45% in the JV focused on scrap material recycling.

Established a subsidiary in the Netherlands, named SEALUXE B.V., to expand its seafood business in the European market.

Received conditional approval from the Competition Commission of India (CCI) to acquire KKR’s stake in J.B. Chemicals.

Obtained IRDAI registration to operate as a Corporate Agent (Composite), enabling wider distribution of insurance products.

The board will meet on October 25 to consider a preferential issue of shares.

Bagged a Rs 358 crore order from ONGC for the supply of regular EUE tubing, pup joints, and crossovers.

Investors will track the release of Preliminary Consumer Confidence Data for October, which will indicate consumer sentiment trends across the eurozone.

Both FMCG majors, HUL and Colgate-Palmolive will announce their Q2 FY26 results today. Analysts expect steady growth supported by rural recovery and margin improvement due to lower input costs.

Abhay Shukla is a Senior Sub-Editor at Zee Business, where he covers the stock markets, corporate news, personal finance, technology, and auto sectors.

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