Stocks to Watch Today: Infosys Results Day, the Jio Issue Closing and Swiggy's Record Low

Friday opens with three dated events: Infosys reports at about 3:45 pm during market hours, the Jio Platforms issue closes, and Dr Reddy's, Adani Power, JSW Steel and IndusInd Bank also report. Thursday set the tone with the Nifty down 0.54 percent at 22,687.65 and the Sensex down 0.62 percent at 73,249.39, as Wednesday's IT rally reversed and Nifty IT gave back 1.05 percent.

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Ankit Jaiswal (Senior Research Analyst) and Kunal Singla (Associate Director) at Univest have put ten names on today's watchlist. Ankit Jaiswal flags the results and deal triggers, and Kunal Singla flags the three downside watches. Levels come from Thursday's closing data, and every figure was pulled on 22 October.

Stocks to Watch Today: How the Market Closed on Thursday

Index	Thursday Close	Change
Nifty 50	22,687.65	-0.54%
Sensex	73,249.39	-0.62%
Nifty Bank	54,925.70	-0.09%
Nifty IT	32,081.25	-1.05%
Nifty FMCG	43,105.45	-1.41%
Nifty Auto	25,011.50	-0.73%
Nifty Metal	11,798.35	-0.52%
Nifty Pharma	25,596.65	+0.12%
Nifty PSU Bank	8,257.40	+0.07%
Nifty Midcap 50	16,410.80	-0.54%
Nifty 500	21,696.55	-0.65%

Among the sector indices checked, only Nifty Pharma and Nifty PSU Bank closed higher. FMCG was the weakest at 1.41 percent down, with Nestle India, ITC and Hindustan Unilever all lower. The Nifty traded between 22,554.85 and 22,785 and closed below its open of 22,687.75 by a few points.

10 Stocks to Watch Today With Triggers and Thursday's Data

1. Infosys: Results Due Today at About 3:45 PM in Stocks to Watch Today

Infosys closed at Rs 1,153.35, down 1.25 percent, on 1.70 crore shares, a day before its Q2 results. The company will announce results at around 3:45 pm today, with a press conference at 4:30 pm and the earnings call at 6 pm, and the board will consider a dividend. Ankit Jaiswal flags Rs 1,207.25, the upper SuperTrend band, and Rs 1,053.35, the SuperTrend support. The risk is the setup going in: the RSI is 73.3 and the close is 9.7 percent above the 20-day average of Rs 1,051.15.

2. Reliance Industries: Jio Platforms Issue Closes Today in Stocks to Watch Today

Reliance Industries closed at Rs 1,184.50, down 2.03 percent, at the low of the day, on 1.49 crore shares. The Jio Platforms issue was 3.47 times subscribed by 11 am on day two: qualified institutional buyers bid 9.42 times, non-institutional investors 2.34 times, the shareholder quota 2.06 times and employees 1.61 times, and the retail quota was fully subscribed within about two hours. Kunal Singla flags Rs 1,230.75, the upper SuperTrend band, as the first hurdle. The risk is concentration: prepaid services were 77.08 percent of Jio's FY26 revenue and a single Reliance group distributor sells them.

3. Adani Energy Solutions: Q2 Profit Up 145%, but a Tax Credit Helped in Stocks to Watch Today

Adani Energy Solutions closed at Rs 1,295.40, down 2.16 percent, on 23.3 lakh shares as its board approved Q2 results. Net profit rose 145 percent to Rs 1,363.92 crore and revenue rose 53 percent to Rs 10,075.54 crore, and H1 profit rose 137 percent to Rs 2,600.48 crore. Ankit Jaiswal flags that profit before regulatory adjustments and tax was Rs 1,483.60 crore and that a deferred tax credit of Rs 1,581.35 crore lifted the reported figure. The risk is valuation: the stock trades at about 52 times trailing earnings against an industry figure of 21.75.

Also read – Stocks to Watch Today: Jio Issue Day Two, Eternal's Profit Miss and a 10% Jump in L&T Technology Services

4. Havells India: Q2 Revenue Up 35%, Margin Down 30 Basis Points in Stocks to Watch Today

Havells India closed at Rs 1,073, up 0.13 percent, on 20.8 lakh shares after Q2 standalone net profit rose 11 percent to Rs 353 crore. Revenue rose 35 percent to Rs 6,417 crore and EBITDA rose 30 percent to Rs 576 crore, but the EBITDA margin slipped 30 basis points to 8.98 percent. Kunal Singla flags Rs 1,039.89, the SuperTrend support, and Rs 1,166.46, the upper band. The risk is that profit grew far slower than revenue, and the stock trades at about 41 times earnings against an industry figure of 44.27.

5. Persistent Systems: Rs 4,265 Crore Share Sale Opens in Stocks to Watch Today

Persistent Systems closed at Rs 5,740.50, down 2.01 percent, on 7.39 lakh shares after opening a qualified institutional placement of up to 450 million dollars, about Rs 4,265 crore, at a floor price of Rs 5,550. The company can offer a discount of up to 5 percent, which would put the issue price at Rs 5,272.50, about 8.2 percent below the close. Ankit Jaiswal flags Rs 5,429.45, the SuperTrend support, as the level that matters if the placement prices at a discount. The risk is dilution, and a trailing P/E of about 51 against an industry figure of 17.46.

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6. Zydus Lifesciences: US FDA Approval for a Transdermal Therapy in Stocks to Watch Today

Zydus Lifesciences closed at Rs 1,135, up 1.58 percent, on 13.6 lakh shares after receiving final US FDA approval for a generic transdermal menopause treatment. Nifty Pharma rose 0.12 percent, one of only two sectors in the green. Kunal Singla flags Rs 1,207.32, the upper SuperTrend band, and the 20-day average of Rs 1,148.98 as the first test. The risk is that the SuperTrend is still bearish, the MACD is below its signal line, and one approval rarely changes quarterly earnings.

7. Bharat Electronics: Rs 1,011 Crore of New Orders in Stocks to Watch Today

Bharat Electronics closed at Rs 364.50, down 1.80 percent, on 81.7 lakh shares after announcing additional orders worth Rs 1,011 crore since its 13 October disclosure. The RSI is 31.2 and the close sits 0.4 percent above the lower Bollinger band of Rs 363.17. Ankit Jaiswal flags Rs 356.42, the SuperTrend support, and Rs 390.09, the upper band. The risk is that the trend is still bearish, with the close 4.3 percent below the 20-day average, so an order win has not stopped the selling.

8. Swiggy: Downside Watch: Record Low and 5.48% Fall in Stocks to Watch Today

Swiggy closed at Rs 211.40, down 5.48 percent, on 2.70 crore shares, after hitting a record low earlier in the session. The stock is about 46 percent below its IPO price of Rs 390, foreign portfolio investors cut their holding from 13.96 percent to 8.55 percent between the June and September quarters, and the board was due to approve Q2 results on Thursday. Kunal Singla flags Rs 207.70, Thursday's low, and Rs 239.33, the upper SuperTrend band. The RSI is 22.4, but trailing earnings per share are a loss of Rs 13.58, so an oversold reading does not mean the shares are inexpensive on earnings.

Also read – 10 Stocks to Buy Today: Targets and Stop-Losses After a 2.88% IT Rally and Strong Results That Still Fell

9. HDFC Bank: Downside Watch: Internal Review Into Two Executives in Stocks to Watch Today

HDFC Bank closed at Rs 694.05, down 1.82 percent, on 6.03 crore shares, a day after reports that an internal review is examining two senior executives over alleged sharing of confidential business information. The bank has said the review is underway and that action will follow the findings. Kunal Singla flags Rs 684.24, the SuperTrend support, and Rs 742.61, the upper band. The risk is that Q2 profit rose only 5.2 percent to Rs 19,509.96 crore with net interest margin down 10 basis points to 3.16 percent, so the stock has weak numbers and a governance headline together.

10. Nestle India: Downside Watch: FSSAI Notices and a 2.78% Fall in Stocks to Watch Today

Nestle India closed at Rs 1,189.90, down 2.78 percent, on 19.9 lakh shares as Nifty FMCG fell 1.41 percent. The food regulator issued show-cause notices on 17 October over the labelling of its Nescafe ready-to-drink range and the approval status of a nutrition product, and the company said the matter concerns label classification, not product safety. Kunal Singla flags the close below the lower Bollinger band of Rs 1,210.21 and the SuperTrend upper band of Rs 1,336.85. The risk is valuation: the stock trades at about 58 times trailing earnings against an industry figure of 33.85.

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Dates That Can Move Today's Watchlist

• 23 October (today): Infosys at about 3:45 pm, and Dr Reddy's Laboratories after its board meeting. Adani Power, JSW Steel, Torrent Pharmaceuticals, Tata Motors, Bharat Petroleum, Jindal Steel, Coforge, Shree Cements, IndusInd Bank and Godrej Properties are also listed.
• 23 October (today): the Jio Platforms issue closes, and Tech Mahindra's Rs 15 dividend record date falls.
• 24 October: Kotak Mahindra Bank, AU Small Finance Bank and IDFC First Bank are listed for results, though 24 October is a Saturday, so confirm the date.
• 26 to 28 October: Jio Platforms allotment, refunds and listing.

Dates are as reported from exchange filings and issue documents; confirm each on NSE or BSE before acting.

What to Check at the Open

• Whether Infosys holds Rs 1,153.35 into its 3:45 pm results, since the IT index already fell 1.05 percent on Thursday.
• Whether Reliance Industries recovers its 1,184.50 low or keeps falling as the Jio Platforms issue closes.
• Whether Swiggy holds Rs 207.70 and whether HDFC Bank holds Rs 684.24, the two downside supports.
• Whether Persistent Systems holds Rs 5,429.45 once the placement price is announced.

Conclusion

The stocks to watch today fall into three groups: dated events (Infosys results and the Jio Platforms issue close), results reactions (Adani Energy Solutions and Havells India), and downside names (Swiggy, HDFC Bank and Nestle India). Ankit Jaiswal and Kunal Singla suggest watching how Infosys and Reliance Industries trade before and after their events. Use a stop-loss on every position and consult a SEBI-registered adviser before you buy.

Frequently Asked Questions

What are the stocks to watch today?

Ans. The stocks to watch today are Infosys, Reliance Industries, Adani Energy Solutions, Havells India, Persistent Systems, Zydus Lifesciences, Bharat Electronics, Swiggy, HDFC Bank and Nestle India, based on Thursday's close and results or news triggers.

When does Infosys announce Q2 results?

Ans. Infosys will announce Q2 results on Friday 23 October at around 3:45 pm. The press conference is at 4:30 pm and the earnings call at 6 pm. The board will also consider a dividend.

How was the Jio Platforms issue subscribed on day two?

Ans. The issue was 3.47 times subscribed by 11 am on 22 October. Institutions bid 9.42 times, non-institutional investors 2.34 times, the shareholder quota 2.06 times and employees 1.61 times, and the retail quota was fully subscribed.

When does the Jio Platforms issue close?

Ans. The Jio Platforms issue closes today, 23 October. Allotment is on 26 October, and listing is on 28 October.

Why is Adani Energy Solutions on the watchlist?

Ans. Adani Energy Solutions reported Q2 net profit up 145 percent to Rs 1,363.92 crore on revenue up 53 percent. A deferred tax credit of Rs 1,581.35 crore lifted the reported profit, which is why the quality of the number matters.

Why did Swiggy fall to a record low?

Ans. Swiggy fell 5.48 percent to Rs 211.40 on Thursday. Foreign portfolio investors cut their holding from 13.96 percent to 8.55 percent between the June and September quarters, and the company is still loss-making.

What did the Nifty do on Thursday?

Ans. The Nifty fell 0.54 percent to 22,687.65 and the Sensex fell 0.62 percent to 73,249.39. Nifty IT fell 1.05 percent and Nifty FMCG fell 1.41 percent, while Nifty Pharma rose 0.12 percent.

Should I buy these stocks today?

Ans. Not automatically. These are names to watch, several have result-day or event risk, and Univest does not guarantee any outcome. Check live prices, use a stop-loss and consult a SEBI-registered adviser before you buy.