Several key companies are expected to be in focus on October 24 following a series of major announcements across defence, pharma, and manufacturing sectors. From the Defence Ministry’s Rs 79,000 crore procurement approvals to Cipla’s new diabetes drug deal and Caplin Point’s USFDA nod – here’s a look at the stocks likely to drive market action today.
Market recap
The Indian market wrapped up Thursday’s session on a muted note, managing to hold on to slim gains. The Sensex inched up 130 points (0.15%) to close at 84,556.40, while the Nifty added just 22.8 points (0.09%), settling at 25,891.40.
Stocks to watch on October 24, 2025
Defence stocks in focus
The Defence Acquisition Council (DAC), led by Defence Minister Rajnath Singh, approved proposals worth around Rs 79,000 crore. Key projects include the Nag Missile System (Tracked) Mk-II, Ground-Based Mobile ELINT System, and High Mobility Vehicles with cranes.
Cipla
Cipla has entered into an agreement with Eli Lilly and Company (India) to distribute and promote tirzepatide in India under the brand name Yurpeak. This marks the second brand of tirzepatide to launch in the country, expanding treatment options for diabetes patients.
Caplin Point
Caplin Point Laboratories subsidiary, Caplin Steriles, has received final approval from the US Food and Drug Administration (USFDA) for its generic nicardipine hydrochloride injection. The product will be available in 20 mg/200 mL and 40 mg/200 mL single-dose infusion bags. It is the generic version of a Hikma International drug used to manage high blood pressure during surgery.
Laurus Labs
Laurus Labs shared its business outlook for FY2026, highlighting steady momentum seen in the first half of the fiscal year. The company expects revenue growth to come from its Contract Development and Manufacturing Organisation (CDMO) business, supported by new clinical and commercial projects in the pipeline.
Premier Energies
Premier Energies announced plans to acquire a 51% stake in KSolare Energy Pvt Ltd for about Rs 86.7 crore. Post-acquisition, KSolare will become a subsidiary of Premier Energies, while Syrma SGS Technologies Ltd will pick up the remaining 49% stake for around Rs 83.3 crore.
Kaynes Technology
Kaynes Technology India said its Singapore-based subsidiary, Kaynes Holding, has signed a Share Purchase Agreement to acquire an additional 7% stake in Sensonic GmbH.
Welspun Enterprises
Welspun Enterprises received an order from the Tamil Nadu GST Appellate Authority upholding a Rs 9 crore tax demand and an equal penalty for FY2018–19. Authorities allege the company claimed ineligible input tax credit in violation of Section 16 of the CGST and TNGST Acts.
Hero MotoCorp
Two-wheeler maker Hero MotoCorp has officially entered the United Kingdom market through a partnership with MotoGB, a Lancashire-based distributor.
Key earnings on radar today
Over 20 companies, including Aditya Birla Sun Life AMC, Coforge, Dr Reddy’s Laboratories, ITC Hotels, SBI Cards and Payment Services, and SBI Life Insurance, are scheduled to announce their September quarter (Q2 FY26) results today.
