A mix of earnings surprises, acquisitions, and fundraising announcements have pushed several companies into the spotlight. Here is a closer look at what is driving these stocks today.
Market recap
Indian markets ended on a flat note after a volatile session on November 3. The Sensex closed 39.78 points higher at 83,978.49, while the Nifty inched up 41.25 points to end at 25,763.35
Stocks to watch today, November 4
Titan Company
Titan Company reported a 43% jump in net profit to Rs 1,006 crore for the September quarter of FY26, compared to Rs 705 crore a year ago. The rise in profit was mainly due to higher gold prices and steady festive demand. The company’s revenue also increased 25% to Rs 16,534 crore from Rs 13,215 crore in the same period last year.
Power Grid
Power Grid Corporation posted a 6% year-on-year (YoY) fall in profit to Rs 3,566 crore, while revenue inched up 1.8% to Rs 11,476 crore. The company’s EBITDA fell 6.1% to Rs 9,114 crore, leading to narrower margins of 79.4% versus 86% last year.
Bharti Hexacom
Bharti Hexacom, a subsidiary of Bharti Airtel, reported a 66.4% YoY jump in net profit to Rs 421 crore, led by higher data usage and smartphone additions. Revenue grew 10.5% YoY to Rs 2,317 crore, supported by improving average revenue per user (ARPU) and a strong showing across business segments.
Cipla
Cipla announced a deal to acquire 100% of Inzpera Healthsciences Ltd for about Rs 110.65 crore. Once the transaction is complete, Inzpera will become a wholly owned subsidiary of Cipla. The acquisition aligns with Cipla’s broader focus on strengthening its consumer healthcare portfolio.
Zydus Lifesciences
Zydus Lifesciences said its board will meet on November 6 to consider raising up to Rs 5,000 crore through methods such as QIP, rights issue, or private placement. The proposal will require shareholder approval via postal ballot, marking a potential capital infusion move for the company’s expansion and strategic needs.
Gland Pharma
Pharma manufacturer Gland Pharma recorded a 12.3% YoY rise in profit to Rs 184 crore for Q2 FY26. Revenue increased 5.8% YoY to Rs 1,486.8 crore, driven by steady demand for injectables. EBITDA grew 5.8% to Rs 314 crore, while margins remained stable at 21.1%, indicating controlled expenses amid moderate growth.
Godfrey Phillips
Cigarette manufacturer Godfrey Phillips India posted a 22.9% YoY increase in profit to Rs 305 crore, even though revenue was nearly flat at Rs 1,632 crore. EBITDA grew 13.4% YoY to Rs 314.5 crore, while margins improved to 19.3% from 17%, reflecting better operational control and cost management.
Indus Towers
Bharti Airtel’s board has approved the acquisition of up to an additional 5% stake in its subsidiary Indus Towers. The move, which may be carried out in multiple tranches, aims to strengthen Airtel’s position in the telecom infrastructure provider, which plays a key role in supporting the industry’s network operations. The company said it will continue to assess opportunities to consolidate its holding in Indus Towers while ensuring adequate cash flow for business expansion and dividend payouts.
VRL Logistics
VRL Logistics reported a 39% YoY jump in net profit to Rs 50 crore for the September quarter, up from Rs 36 crore a year ago. However, the company’s revenue from operations remained nearly unchanged at Rs 796.5 crore. On the operating front, EBITDA rose 14.2% YoY to Rs 151.4 crore, reflecting cost efficiency despite limited topline growth.
Key earning to watch today
State Bank of India, Adani Enterprises, Adani Ports, Mahindra & Mahindra, and IndiGo will be in focus today as investors track their quarterly results and key business updates.