Stocks to watch on 2 November as companies report earnings and deals
Reliance Industries and Jio Platforms report profit growth while Affle announces an acquisition and Coal India hits supply records.
Several companies including ITC, Marico, and Wockhardt are scheduled to release quarterly earnings on 2 November, according to Moneycontrol. Other firms releasing results today include Akums Drugs and Pharmaceuticals, Amara Raja Energy & Mobility, Balaji Amines, Container Corporation of India, Devyani International, DOMS Industries, Escorts Kubota, Granules India, KEC International, National Aluminium Company, Purple Style Labs, Petronet LNG, PTC India, Sun Pharma Advanced Research Company, Tata Investment Corporation, TBO TEK, Trident, UPL, and Zuari Agro Chemicals.
Affle's Israel-based subsidiary, Affle 3iL, has signed an agreement to acquire all outstanding shares of Perion Network at US$11.70 per share. The all-cash transaction implies an equity valuation of approximately US$420 million and is expected to be completed in early 2027, Moneycontrol reported.
Coal India's monthly coal supplies reached 70.3 MT in October, surpassing its previous record of 69.4 MT set in March 2026. The company's supplies to the power sector also hit a record 57.1 MT in October, according to Moneycontrol.
In corporate developments, Tencent Holdings exited Swiggy by selling 5.43 crore equity shares for Rs 981.79 crore to various institutional investors. Additionally, Sagility B V sold 56 crore equity shares, representing 11.96 per cent of the company's paid-up equity, in a transaction valued at Rs 2,394.56 crore, Moneycontrol said.
Regarding quarterly results, Mint reported that Reliance Industries' consolidated net profit rose 41 per cent to Rs 25,548 crore for the September 2026 quarter. Jio Platforms recorded a 14 per cent increase in net profit to Rs 8,389 crore, while NTPC's standalone net profit grew 14 per cent to Rs 5,320 crore for September 2026.