Top Stocks to Watch Today: Eternal, Adani Green, BEL, GMDC, KEI Industries and More on 22 Oct 2026
- October 22, 2026
- Posted by: Chaitanya Auti
- Category: News
Stocks to watch today, Thursday 22 Oct 2026: Eternal (Rs 311.05), Adani Green Energy (Rs 1,239.90, down 1.48%), Bharat Electronics (Rs 365, down 1.67%), Gujarat Mineral Development Corporation (Rs 439.70), KEI Industries (Rs 3,810.70, down 9.92%), M&M Financial Services (Rs 281.75, down 5.28%) and Indian Hotels (Rs 772.85, up 2.64%) are in focus after Q2 results and order news. Prices are from about 10:10 am IST. One source prints Eternal’s Q2 profit as Rs 1,250 crore, but the numbers fit Rs 125 crore.
Quick Answer
Stocks to watch today are Eternal, Adani Green Energy, Bharat Electronics, GMDC, KEI Industries, M&M Financial Services and Indian Hotels, all moving on Q2 results, an Army radar order or a dividend payment. Eternal reported a 92.3% rise in profit to Rs 125 crore but missed street expectations, and Adani Green’s profit rose 15.4% to Rs 673 crore. KEI Industries fell 9.92% and M&M Financial Services fell 5.28% even with higher profit, so strong headline growth did not protect either share. This is a news list and not a recommendation, so check each company’s filing before acting.
Stocks to watch today are led by the Q2 results season, with Eternal, Adani Green Energy, KEI Industries, M&M Financial Services and Indian Hotels reporting on 21 Oct, plus an Army radar order for Bharat Electronics and a large dividend payment by GMDC. The Nifty is down about 0.78% in early trade, so the list is being read in a weak market.
This article on stocks to watch today gives the trigger, the key numbers and the price reaction for each name, and flags where sources disagree. I could not find a specific trigger for Reliance Industries beyond its price move, so I keep it as a mention only. It is educational and not advice to buy or sell.
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Stocks to Watch Today: Snapshot Table
| Stocks to watch today: stock | Trigger | NSE price at about 10:10 am IST |
|---|---|---|
| Eternal | Q2 profit Rs 125 crore, up 92.3%, below street expectations | Rs 311.05 |
| Adani Green Energy | Q2 net profit Rs 673 crore, up 15.4% | Rs 1,239.90, down 1.48% |
| Bharat Electronics (BEL) | Rs 770 crore Army radar order | Rs 365.00, down 1.67% |
| Gujarat Mineral Development Corporation (GMDC) | Dividend cheque of Rs 223.55 crore to the Gujarat government | Rs 439.70 |
| KEI Industries | Q2 profit after tax Rs 262.4 crore, up 29% | Rs 3,810.70, down 9.92% |
| M&M Financial Services | Q2 profit Rs 882 crore, up 55% | Rs 281.75, down 5.28% |
| Indian Hotels | Q2 profit Rs 380 crore, up 19.5% | Rs 772.85, up 2.64% |
Of the seven stocks to watch today, only Indian Hotels is higher in early trade, which tells me investors are rewarding clean beats and punishing anything below expectations or any margin slip (my reading). The Rajratan Global Wire profit of Rs 24.14 crore, up 17.5%, and a Rs 25 crore rights infusion by Pine Labs into a subsidiary are smaller items on the same news list.
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Eternal: Stocks to Watch Today After a Q2 Miss
| Stocks to watch today: Eternal Q2 FY27 measure | Reported figure |
|---|---|
| Consolidated profit | Rs 125 crore against Rs 65 crore, up 92.3% |
| Revenue | Rs 24,138 crore against Rs 13,590 crore, up 77.6% |
| Blinkit net order value | Rs 20,940 crore, up 79.3% |
| Blinkit stores | 308 added, 2,751 in total |
| Blinkit adjusted EBITDA | Rs 184 crore against a loss of Rs 156 crore |
| Food delivery net order value | Rs 11,445 crore, up 21.5% |
| Overall adjusted EBITDA | Rs 666 crore, up 197% |
| Share price | Rs 305.65 on 21 Oct after a 4.5% fall; Rs 311.05 today |
Among stocks to watch today, Eternal is the one where the headline and the reaction disagree, and the Eternal Q2 story is the clearest example. Profit nearly doubled and quick commerce turned profitable, yet the stock fell 4.5% on 21 Oct because the quarter came in below street expectations. The company also sold its going-out business to Zomato Entertainment through a slump sale. HDFC Sky prints profit as Rs 1,250 crore against Rs 650 crore, but the 92.3% growth rate fits Rs 125 crore against Rs 65 crore, so I treat the larger figure as a typo and flag it.
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Risk: Eternal’s quick commerce growth needs heavy store expansion, so a slowdown in order growth or a rise in discounting could hurt margins.
Adani Green Energy: Stocks to Watch Today on Higher Debt
| Stocks to watch today: Adani Green Q2 FY27 measure | Reported figure |
|---|---|
| Net profit | Rs 673 crore against Rs 583 crore, up 15.4% |
| Revenue from operations | Rs 4,520 crore, up 39.1% |
| Power supply revenue | Rs 4,019 crore, up 45% |
| EBITDA | Rs 3,835 crore, up 51% |
| Cash profit | Rs 1,951 crore |
| Operational capacity | 20,763 MW, up 24% |
| Battery storage | 6,632 MWh |
| Net debt | Rs 1,02,973 crore against Rs 91,252 crore at March |
| H1 capital spending | Rs 17,160 crore |
Adani Green is among the stocks to watch today because growth is strong but so is borrowing: net debt rose by about Rs 11,721 crore in six months (my calculation). The company states an EBITDA margin of 92%, but Rs 3,835 crore on power supply revenue of Rs 4,019 crore gives 95.4%, so the stated margin does not reconcile with the figures I have and may use a different revenue base. The stock fell about 3.6% on 21 Oct and was down another 1.48% today.
Risk: A capital-heavy build-out funded by debt makes the stock sensitive to interest rates and refinancing conditions.
BEL, GMDC and Defence and Mining Stocks to Watch Today
| Stocks to watch today: company | News | What I could confirm |
|---|---|---|
| Bharat Electronics | Rs 770 crore order for LLLR-I radars for the Army | An earlier Rs 1,950 crore order came in March; price Rs 365.00, down 1.67% |
| GMDC | Dividend cheque of Rs 223.55 crore handed to the Gujarat government | Price Rs 439.70; no per-share figure found in my sources |
BEL has a steady flow of defence orders, so a Rs 770 crore order adds to the order book but is small against its overall size, which I could not verify from the sources I read. GMDC’s dividend payment is a state-owned transfer to the Gujarat government, its majority shareholder. Neither item changes my view of these stocks to watch today, and both are reported as news and not as recommendations.
KEI Industries, M&M Financial and Indian Hotels: Stocks to Watch Today
| Stocks to watch today: company | Q2 FY27 result | Price reaction |
|---|---|---|
| KEI Industries | Profit after tax Rs 262.4 crore, up 29%; revenue Rs 3,776.4 crore, up 38.5%; order book Rs 5,185 crore | Down 9.92% at Rs 3,810.70 |
| M&M Financial Services | Profit Rs 882 crore against Rs 569 crore, up 55% | Down 5.28% at Rs 281.75 |
| Indian Hotels | Profit Rs 380 crore against Rs 318 crore, up 19.5% | Up 2.64% at Rs 772.85 |
KEI Industries is the clearest case among stocks to watch today of a good number meeting a bad reaction. Profit rose 29% but profit after tax margin slipped to 6.95% from 7.46% a year earlier (my calculation from the reported figures), and the market sold the stock by almost 10%. M&M Financial’s profit grew 55% yet the shares fell 5.28%, and I could not find a reason in the sources. Indian Hotels grew profit 19.5% and rose, so the market is not simply selling everything that reports.
Risk: Large single-day falls after results can extend if brokerages cut targets, so follow-up reports matter.
Stocks to Watch Today: Market Backdrop
The Nifty traded at 22,632.85, down 0.78%, and the Sensex at 73,215.60, down 0.67%, at about 10:10 am IST, with India VIX at 16.14. Reliance Industries was at Rs 1,195.90, down 1.08%, with no company-specific trigger I could find. Among the stocks to watch today, results from Swiggy, HPCL and Adani Energy Solutions also arrive later on Thursday.
What to Watch Next for Stocks to Watch Today
- Brokerage notes on the Eternal Q2 result, KEI Industries and M&M Financial after the results
- Whether Adani Green’s net debt keeps rising in the next quarter
- Q2 results from Swiggy, HPCL and Adani Energy Solutions on 22 Oct, which join the stocks to watch today
- Infosys and Shriram Finance results on 23 Oct
- Nifty support near 22,500 and resistance near 23,000
Conclusion
Stocks to watch today are driven by Q2 results and order news, and the early reaction shows that expectations matter more than growth rates. Eternal, Adani Green, KEI Industries and M&M Financial all grew profit but fell, so read the filings and brokerage commentary before drawing conclusions. Size any position to your own risk.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions
Which stocks to watch today, 22 Oct 2026?
Ans. Eternal, Adani Green Energy, Bharat Electronics, GMDC, KEI Industries, M&M Financial Services and Indian Hotels are in focus after Q2 results, a defence order and a dividend payment. Smaller items include Rajratan and Pine Labs.
Why did Eternal shares fall after profit nearly doubled?
Ans. Eternal’s Q2 profit rose 92.3% to Rs 125 crore, but the result was below street expectations, and the stock fell 4.5% on 21 Oct. One source prints the profit as Rs 1,250 crore, which I treat as a typo.
What did Adani Green report in Q2 FY27?
Ans. Net profit was Rs 673 crore, up 15.4%, and revenue from operations was Rs 4,520 crore, up 39.1%. Net debt rose to Rs 1,02,973 crore from Rs 91,252 crore at March, which is the main concern.
What is the BEL order among stocks to watch today?
Ans. Bharat Electronics received a Rs 770 crore order for LLLR-I radars for the Army. An earlier order of Rs 1,950 crore came in March. The stock was down 1.67% at Rs 365 in early trade.
Why did KEI Industries fall almost 10%?
Ans. Profit after tax rose 29% to Rs 262.4 crore, but the profit margin slipped to 6.95% from 7.46% by my calculation. The stock fell 9.92% to Rs 3,810.70. Brokerage commentary will clarify the reason.
Is M&M Financial Services among stocks to watch today?
Ans. Yes. Profit rose 55% to Rs 882 crore from Rs 569 crore, but the shares fell 5.28% to Rs 281.75. I could not find a stated reason for the fall in the sources I read.
Where can I check these stocks to watch today?
Ans. Read each company’s results filing on NSE and BSE, and check live prices on the exchange sites. Prices in this article are from about 10:10 am IST and will have changed since.
Is this article investment advice?
Ans. No. It is educational and not a recommendation to buy or sell. Please check the figures against company filings and your own risk profile before you act on anything you read here.