News

Stocks to Watch Today (October 24, 2025): Indian equity markets are expected to witness stock-specific action on Friday, October 24, 2025, with several board meetings, fundraising plans, right issues, and corporate developments lined up.

- The company announced that it will change its name to Tata Motors Passenger Vehicles Ltd, aligning with its growing focus on passenger car operations. - Separately, S&P Global Ratings revised the outlook on Tata Motors’ passenger vehicle business to negative while reaffirming the BBB rating. - S&P cited slow recovery at Jaguar Land Rover (JLR) and the impact of a recent cyber incident as key reasons for the outlook change, warning of potential long-term pressure on credit metrics and cash flow.

The lender’s board meeting is scheduled today to consider a fundraise, possibly through equity or debt instruments.

The company will hold a board meeting to consider a share buyback proposal.

The company’s board will meet today to discuss a stock split and a bonus issue of shares, aimed at improving liquidity and shareholder value.

- The rights issue opens today (October 24) and will remain open until November 3.

- Price: Rs 14 per share

- Issue size: Rs 949 crore

- Ratio: 8 shares for every 13 shares held

The FMCG company released its Q2 FY26 results, which will be closely tracked after peers like HUL reported steady margins earlier this week.

The company reported its quarterly earnings for the September quarter (Q2 FY26). Detailed results are awaited.

Declared Q2 FY26 results, expected to show improved realizations with better cement demand.

Announced its Q2 FY26 results, marking the first earnings update since moving from the Trade-to-Trade segment to the Rolling segment.

- Confirmed a marketing and distribution agreement with Eli Lilly for the diabetes drug ‘Yurpeak’, following a Zee Business exclusive report from August 25. - ‘Yurpeak’ is the second brand of Tirzepatide and will be produced and supplied by Lilly, while Cipla will promote and distribute it in India. - The pricing will remain similar to Lilly’s existing brand ‘Mounjaro’, expanding treatment options for type-2 diabetes and obesity patients in India.

- Plans to acquire 100% stake in KSolare Energy Pvt Ltd for about Rs 170 crore, jointly with Premier Energies Ltd (PEL). - Post-acquisition, Syrma will hold 49%, and PEL will hold 51% in KSolare, a solar inverter manufacturer.

The board approved the acquisition of a 51% stake in KSolare Energy for around Rs 86.7 crore, marking the company’s entry into the solar inverter manufacturing segment.

Announced its official entry into the UK market through a partnership with MotoGB for the sale of two-wheelers. Hero will offer the Euro 5+ range, including the Hunk 440, as it expands presence across 51 global markets.

Subsidiary Kaynes Holding Pte signed a share purchase agreement with Frauscher Sensor Technology Group GmbH to acquire a 7% stake in Sensonic GmbH for one euro.

- Commissioned a 9.9 MW wind project in Bhuj, Gujarat, taking the total installed capacity to 92.4 MW. - The project will begin commercial operations from October 25.

Announced name changes in its subsidiaries:

- Biocon Biologics UK Ltd renamed to Biocon Biologics International Ltd.

- Biosimilars Newco Ltd renamed to Biocon Biologics UK Ltd.

Acquired a 26% stake in Aditya Birla Renewables SPV 3 in the first phase for Rs 26,000. The move is part of the company’s renewable energy transition initiative.

Received a Letter of Award (LoA) worth Rs 11.26 crore from NHAI for a toll operation contract in Madhya Pradesh.

Received a show-cause notice from the West Bengal GST Department demanding Rs 63 lakh in tax dues and penalties for FY19.

Received board approval to raise up to Rs 500 crore through the issue of equity shares, securities, QIP, or NCDs.

The board has approved fundraising of up to Rs 500 crore, potentially via equity or other financial instruments.

Scheduled a board meeting on October 31, 2025, to consider Q2 results and a second interim dividend for FY26.

Received a tax and penalty order worth Rs 9 crore from the Tamil Nadu State GST Department for FY2018-19. The company plans to appeal the order.

Appointed Eravi Gopan as President and Global Head for its High Tech, Products, and Platforms division.

Announced the opening of a new branch in Pennadam, Tamil Nadu, on October 24, 2025.

Fixed October 28, 2025, as the record date for its stock split.

- Dr. Reddy’s Laboratories – 1 pm to 3 pm

- SBI Life Insurance – 12 pm to 3 pm

- SBI Cards and Payment Services – post-market hours

- Coforge Ltd – variable timing

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

Prior to joinin