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Stocks to Watch Today (October 30, 2025): Indian stock markets are set for a busy session today with multiple quarterly results, corporate announcements, and global cues likely to drive sentiment. Here are the key stocks to watch:

PB Fintech Ltd reported a strong set of Q2FY26 numbers with sharp growth across revenue, EBITDA, and PAT.

Revenue: Rs 1,614 crore, up 19.7% QoQ (Est: Rs 1,528 crore) – better than estimates

EBITDA: Rs 98 crore vs Rs 34 crore (up 1.8x QoQ), slightly below estimate of Rs 100 crore

Margin: 6% vs 2.5% (Est: 6.5%) – below estimate

PAT: Rs 135 crore vs Rs 85 crore (up 59% QoQ), above estimates

YoY, revenue growth was driven by a 44% rise in new protection premiums. The annualized insurance premium stood at Rs 30,420 crore, up 40% YoY.

Bharat Heavy Electricals Ltd (BHEL) reported a robust set of Q2FY26 numbers with profit recovery and order inflows.

Revenue: Rs 7,511.8 crore, up 14.1% YoY (Est: Rs 7,806 crore)

EBITDA: Rs 580.9 crore, up 111.2% YoY (Est: Rs 266 crore)

PAT: Rs 374.9 crore vs Rs 106.2 crore, up 253% (Est: Rs 193 crore)

Margin: 7.7% vs 4.2% (Est: 3%)

The company secured Rs 35,000 crore worth of orders during the quarter, including Rs 25,992 crore from the power segment. Order book stands at Rs 2.19 lakh crore. Notably, BHEL had posted a Rs 456 crore loss last quarter.

Steel Authority of India Ltd (SAIL) posted mixed results for Q2FY26.

Revenue: Rs 26,704 crore, up 8.2% YoY

EBITDA: Rs 2,528 crore, down 13.2% YoY

Net profit: Rs 419 crore, down 53.3% YoY

EBITDA margin: 9.5% vs 11.8% YoY

While volumes jumped 8% QoQ and 20% YoY, lower steel prices and monsoon impact hurt realizations. The company will hold its analyst call today at 10 AM.

Signed a multi-year strategic deal with HanesBrands Inc. for a GenAI-led IT 2.0 transformation.

Increased stake in M Res NSW HCC Pty Ltd to 83.33% (from 66.67%) for USD 60 million. Effective economic interest in Illawarra Metallurgical Coal now rises to 30%.

To acquire Sojern Inc. and its subsidiaries via newly formed US unit. Signed facility agreement with HSBC and Citibank.

Partnered with JNPA to develop rail operations at Vadhavan Port. Estimated project cost: Rs 500 crore.

Approved sale of 100% stake in TCI Global (Singapore) to subsidiary TCI Express Pte Ltd.

SEBI advised the firm to surrender its Research Analyst registration. Company said this will not materially impact operations.

Received a Notice of Non-Compliance (NON) from Health Canada related to Semaglutide injection.

Invested Rs 1,409 crore in subsidiary T Steel Holdings Pte Ltd.

Board to consider share buyback proposal on November 1.

Approved setting up a new Rs 280 crore aluminium products plant near Chennai.

Approved acquisition of Rubbertec Group’s business for AU$ 5 million; completion expected by Q3 FY26.

Signed a Rs 4,466 crore, 20-year project management deal with IRB InvIT Fund.

Received Rs 79.1 crore worth of new orders for construction projects in Raipur and Guwahati.

Received notice from CCPA over alleged consumer rights violations and misleading ads.

Board to consider stock split on November 4.

Received EIR (clean chit) for its Baddi facility from USFDA.

Invested Rs 382.5 crore in its life insurance arm via rights issue.

Opened a new 69-room property in Morbi, Gujarat.

Formed a new subsidiary, Chembur Realty Ltd, for redevelopment-focused real estate projects.

Subsidiary received Rs 56.33 crore GST demand notice from Surat department.

Nifty 50: Cipla, ITC, NTPC

F&O: Bandhan Bank, Dabur, Exide Industries, Mphasis, Pidilite Industries, United Spirits, Canara Bank, Manappuram Finance, Union Bank, DLF, AB Capital, IEX, IIFL Finance, Lodha Developers

IEX hearing on the market coupling case is also scheduled today.

Studds Accessories IPO: Opens today (October 30–November 3).

- Price band: Rs 557–585

- Lot size: 25 shares

- Issue size: Rs 455.5 crore (entirely offer for sale)

Orkla India IPO (Day 1 update): Overall subscription at 52%; Retail 62%, NII 97%, QIB 0.1%.

US: Donald Trump to meet Xi Jinping at ASEAN Summit in South Korea

Japan: Bank of Japan policy decision due today

Europe: ECB policy meeting

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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