Stocks To Watch, October 24: Oil & gas stocks, defence stocks, Moschip Tech, Colgate, ITC Hotels, Tata Motors PVs, Cipla, Premier Energies

Its total income fell 9.47% to ₹1,534.53 crore in the quarter under review as against ₹1,695.09 crore in the corresponding period of the previous fiscal year.

The company's earnings before interest, taxes, depreciation, and amortisation (EBITDA) were down 6.4% to ₹465 crore in the latest September quarter. In the year-ago period, it stood at ₹497 crore. EBITDA margin was at 30.63% vs 30.71% a year back.

In the international market, the crude oil benchmarks WTI crude and Brent jumped more than 5% on Thursday and were set for about a 7% weekly gain, the biggest since mid-June, as fresh US sanctions on Russia's two biggest oil companies over the war in Ukraine fuelled supply concerns.

US President Donald Trump's administration announced on Wednesday new "massive sanctions" against Russia's oil industry that are aimed at “moving Russian President Vladimir Putin to the negotiating table and bringing an end to Moscow's brutal war in Ukraine.”

Additionally, the global ratings agency lowered the long-term issue rating on the senior unsecured notes issued by TML Holdings to 'BBB-' from 'BBB'.

Tirzepatide was launched in India by Lilly in March 2025 under the brand name Mounjaro.

Under the agreement, Cipla has the rights to distribute and promote Yurpeak, the second brand of tirzepatide in India, the two companies said in a joint statement shared on BSE by Cipla.

This strategic agreement aims to expand the availability of tirzepatide by enabling broader access across the country beyond cities, where Lilly already has an established presence, it added.

The acquisition is a key milestone in its strategy to become a fully integrated clean energy solutions provider, Premier Energies said in a statement.

The renewable energy player said it has entered into definitive agreements to acquire a 51% ownership interest in Transcon Industries for a total consideration of ₹500.3 crore.

"This investment marks our foray into the fast-growing transformer business on the back of surging renewable power capacity addition and growing electrification of the economy," Premier Energies MD & CEO Chiranjeev Saluja said.

The procurement proposals were cleared at a meeting of the Defence Acquisition Council, chaired by Defence Minister Rajnath Singh.

It is the second major decision on procurement following Operation Sindoor.

Procurement projects worth ₹67,000 crore were approved on August 5.

The DAC approved various proposals amounting to a total cost of about ₹79,000 crore, the defence ministry said.

The pharmaceutical company posted a nearly 10-fold year-on-year (YoY) surge in its consolidated net profit attributable to owners of the company to ₹194.97 crore during the quarter under review.

During the corresponding period of the 2024-25 fiscal year (Q2FY25), its profit stood at ₹19.84 crore, it said in a regulatory filing.

"Sources told Fastmarkets in the week to Wednesday, October 22, that this is a growing worry. Icelandic aluminium smelter Nordural Grundartangi has reduced output by two-thirds. This includes the total shutdown of one of its two potlines due to an electrical equipment failure, operator Century Aluminium said on October 21," Fastmarkets reported.