Stocks to watch on October 29: Marico, Maruti, Bharti Airtel, Cipla, Adani Ports, Adani Enterprises, SBI Card, NTPC and more

On the global front, oil prices edged up on Tuesday after a sharp plunge in the previous session, as a US plan to purchase oil for the Strategic Petroleum Reserve provided support while investors remained focused on developments in the Middle East.

Both contracts tumbled 6% on Monday, hitting their lowest since October 1, after Israel's retaliatory strike on Iran at the weekend bypassed Tehran's oil infrastructure.

On Wall Street, US stocks closed higher on Monday. The S&P 500 gained 15.4 points, or 0.27%, to 5,823.52, while the Nasdaq Composite gained 48.58 points, or 0.26%, to 18,567.19. The Dow Jones Industrial Average rose 273.17 points, or 0.65%, to 42,387.57. 

The telecom major clocked quarterly revenues of ₹41,473 crore, 12% higher than the year-ago period, aided by strong momentum in India and growth in Africa.

Bharti Airtel announced that Gopal Vittal, who has helmed the company as Managing Director and CEO for the last twelve years, will move to the role of Executive Vice Chairman on January 1, 2026.

The company reported an industry-leading ARPU of ₹233.

NTPC Green Energy is looking to garner ₹10,000 crore. 

Consolidated revenue from operations in the quarter under review stood at ₹1,296.45 crore as against ₹1,269.17 crore in the year-ago period, it added.

In a separate filing, the company said it is collaborating with Air India to transform the latter's aircraft interiors for delivering an enhanced travel experience.

It had posted a net profit of ₹89.89 crore in the July-September period of the preceding 2023-24 fiscal year, the company said in an exchange filing.

During the quarter, the company signed binding agreements for the sale of Vindhyachal Expressway for an enterprise value of Rs 775 crore. The deal is expected to close in FY26, subject to requisite approvals and closing adjustments.

Its total income rose to ₹1,088.19 crore against ₹895.48 crore in the year-ago period.

The company said it handled cargo volumes of 27.5 million tonnes during the quarter, 16% higher than the same period of the last financial year.

The volume rise was driven by the increased capacity utilisation at the coal terminals of Mangalore (Karnataka), Paradip (Odisha), and Ennore (Tamil Nadu) and the contribution from the acquisitions (PNP and Liquid Storage Terminal, UAE).

The company posted a standalone net profit of ₹180.01 crore during the quarter as against ₹12,967.32 crore profit registered a year ago.

Revenue from operations increased 6.92% to ₹3,697 crore against ₹3,458 crore in the year-ago period. 

The company explained that there were lower one-time revenue recognition of prior period items of ₹1,020 crore in the first half of FY25 (April-September 2024) as compared to ₹9,278 crore in H1 FY24, following the resolution of all major regulatory matters and realisation of outstanding dues from discoms (power distribution companies) in the previous year.

The company had reported a consolidated net loss of ₹63.01 crore in the quarter ended on September 30, 2023, a BSE filing showed.

Total income in the second quarter rose to ₹6,695.37 crore in the period under review, from ₹5,305.38 crore in the same period a year ago.