Stocks to Watch Today, Nov 2: Reliance, Jio Platforms, Sun Pharma, IOC, BEL in Focus After Q2 Results

Market's mood today is expected to be in the positive zone as the gift nifty is trading 183 points higher this morning. At the time of writing, nifty futures were trading at 23,269 up by 0.79% or 183 points hinting at a gap up start.

At the end of closing on Friday, the Sensex closed 308.49 points higher at 74,459.53, while the Nifty settled at 23,053.10, up 116.35 points. The bigger story for Dalal Street today is the post-result reaction, because a heavy set of Q2 FY27 numbers.

landed after Friday's close.
Overseas, the mood is more mixed. Australian market reports point to a tech selloff on Wall Street on Friday, with Intel sinking almost 30%, while oil prices rose and gold fell. Here are all the stocks that are going to be in focus today:

Reliance Industries and Jio Platforms

Reliance Industries reported a strong quarter on Friday. Net profit rose by 41% YoY to Rs. 25,548 crore, against Rs. 18,165 crore a year earlier, and EBITDA grew 24% to Rs.62,409 crore. The oil-to-chemicals business was the main source with O2C EBITDA at Rs. 25,203 crore, up 68% YoY. Reliance Retail was the soft spot, as its net profit fell 24.3% YoY to Rs. 2,611 crore. The board also announced that it will raise up to Rs. 15,000 crore through non-convertible debentures.

Jio Platforms posted its first quarterly results since listing, with profit up 14% YoY. Investors will watch whether the strong O2C numbers and the digital business growth offset the retail decline in today's trade.

Sun Pharma

Sun Pharma is likely to see selling pressure at the open, as consolidated net profit fell 36.2% YoY to Rs. 1,988.53 crore, hit by a one-time loss of Rs. 1,269 crore. Revenue grew 11.88% YoY to Rs. 16,198.71 crore.

Indian Oil Corporation

Indian Oil shares will be in focus today as the company delivered a record quarter. Standalone net profit of Rs. 21,630.03 crore is the company's highest-ever quarterly profit, due to refining and petrochemical margins.

Bharat Electronics

Defence PSU BEL stock will be watched today as the company's reported standalone PAT of Rs. 1,541 crore, up 19.8% YoY, with revenue up 26.5% to Rs. 7,291 crore. The company's order book stands at Rs. 68,717 crore. Profit growth trailed revenue growth, which is something analysts may flag, but the revenue beat against pre-result estimates of ₹6,487 crore to ₹6,720 crore keeps the stock in focus.

Results due today

ITC, Marico, NALCO, NLC India, Container Corporation of India and Tata Investment Corporation are scheduled to announce Q2 FY27 results today.

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