As the new trading week begins, the big question is what are the key stocks to watch now? A wave of quarterly results, fresh orders, and tax updates has placed several companies in the spotlight. Here is a quick look at the key stocks to watch today and what is driving them.
Market recap
Indian markets ended lower on October 31. The Sensex dropped 465.75 points, or 0.55%, to close at 83,938.71, while the Nifty fell 155.75 points, or 0.60%, to settle at 25,722.10.
Stocks to watch today, November 3
Auto sector stocks
Auto majors reported upbeat October sales driven by festive buying. Maruti Suzuki sold 2.20 lakh units, while Hyundai delivered 69,894 units. Tata Motors saw a 27% jump in PV sales to 61,134 units.
Two-wheeler maker TVS Motor sold 5.43 lakh units, and Escorts Kubota posted a 3.8% rise in tractor sales.
Among others, Toyota Kirloskar registered 39% growth at 42,892 units, and Mahindra & Mahindra recorded a 26% rise to 1,20,142 units.
BPCL
Bharat Petroleum Corporation (BPCL) reported a Q2 FY26 net profit of Rs 6,442 crore, up 5% sequentially, even as revenue slipped 6.8% to Rs 1.04 lakh crore. Margins improved slightly to 9.3%. The state-run oil refiner also announced an interim dividend of Rs 7.5 per share, with November 7 set as the record date.
HUL
Hindustan Unilever (HUL) received a Rs 1,986 crore demand notice from the Income Tax Department for FY2020–21 over transfer pricing and depreciation claims. The FMCG major said it will contest the order and added that the development will not materially affect its operations or finances.
Godrej Consumer
Godrej Consumer Products posted a 6.5% drop in quarterly profit to Rs 459 crore. Revenue edged up 4.3% to Rs 3,825 crore. EBITDA declined 3.5% and margins narrowed to 19.2%.
Tata Chemicals
Tata Chemicals reported a 60% fall in consolidated net profit to Rs 77 crore in Q2FY26. Revenue dropped 3.1% to Rs 3,877 crore. This reflected subdued demand and operational reconfiguration in the UK. EBITDA was down 13% to Rs 537 crore.
Titagarh Rail
Titagarh Rail Systems bagged a Rs 2,481 crore contract from the MMRDA for the Mumbai Metro Line 5 project. The order includes rolling stock, signalling, telecom, and maintenance services for both phases.
NCC
NCC announced new orders worth Rs 1,663 crore, received during April 2025. These contracts span the company’s building and transportation divisions and were awarded by state agencies and private firms.
Zen Technologies
Zen Technologies said it received two defence orders worth Rs 289 crore from the Ministry of Defence. The orders, aimed at upgrading anti-drone systems, will be executed within a year.
Astra Microwave
Astra Microwave Products joint venture Astra Rafael Comsys secured a Rs 285 crore order from the Ministry of Defence. The deal involves supplying communication systems for the Indian Air Force’s Special Forces, with execution expected in 11 months.
Q2 results to watch today
State Bank of India, Adani Enterprises, Adani Ports, Mahindra & Mahindra, and IndiGo among other companies will be in focus today as these heavyweights are set to announce their Q2 earnings.