Stocks to Watch: Tata Steel, ZEEL, Adani Enterprises, IOCL, SBI and Airtel

Earnings and Expansion Plans Put These Shares in Focus

From Tata Steel’s quarterly performance to fresh investment plans, company-specific developments will shape Monday’s watchlist.

The watchlist comes against a mixed backdrop for global markets. GIFT Nifty indicated a positive domestic opening, trading 99 points, or 0.40%, higher at 25,080 as of 7:50 a.m. The Nifty had slipped 0.18% to 24,986.40 during Sunday’s Muhurat trading, while the Sensex fell 0.04% to 80,999.40. Asian equities were mostly higher after a US recovery, although concerns around an investigation involving Nvidia chief Jensen Huang tempered gains in some markets. Oil prices eased after US President Donald Trump said he was highly unlikely to order fresh attacks on Iran while talks to end the conflict progress.

Tata Steel reports higher profit as volumes hold up

Tata Steel reported a more than 16% year-on-year increase in consolidated net profit to ₹3,700 crore in Q2FY27. Revenue was ₹65,436 crore, with production of 8.07 million tonnes and sales of 7.92 million tonnes. The figures put earnings and volumes in focus as investors assess the company’s operating performance; the update provided does not include further detail on margins or the outlook.

The quarter also brought contrasting results elsewhere. Tata Chemicals posted a consolidated loss of ₹50 crore, citing lower realisations, higher energy and logistics costs, reduced other income and lower joint-venture income. Revenue from operations stood at ₹4,177 crore. Kirloskar Industries reported a 5% rise in profit after tax to ₹105 crore, while consolidated income increased to ₹2,097.7 crore. Surya Roshni’s net profit rose 3.42% to ₹76.73 crore and revenue from operations climbed 32.7% to ₹2,448.48 crore.

Infrastructure investment and healthcare growth in focus

Adani Enterprises plans annual spending of ₹35,000 crore to ₹40,000 crore over the next couple of years. Airports, data centres and its proposed PVC complex are expected to be major investment drivers. The scale of the plan makes funding and execution important considerations: the announcement signals intended expansion, but does not by itself establish how quickly projects will contribute to earnings.

Rainbow Children’s Medicare plans to invest around ₹2,200 crore to grow its hospital network to more than 5,000 beds by FY32, with funding entirely from internal accruals rather than fresh debt or private equity. In real estate, Kalpataru is targeting ₹6,500 crore in pre-sales this fiscal, 23% above the previous year. Prestige Estates acquired a 100% stake in Allure Developers for ₹524 crore, making it a wholly owned subsidiary as the company expands in Delhi-NCR.

Oil shipping, overseas banking and telecom plans

Indian Oil plans to acquire crude oil and LPG carriers as shipping disruptions around the Strait of Hormuz and higher freight costs prompt the refiner to seek greater control over its energy supply chain. The move highlights the importance of transport availability to energy procurement; its eventual financial effect will depend on implementation and operating costs, details not provided in the announcement.

State Bank of India’s California subsidiary has opened a branch in Frisco, Texas, its first physical expansion beyond California, taking its US branch network to eight locations. Bharti Airtel has restored its ₹299 entry-level plan with reduced data benefits after subscriber churn increased. For Zee Entertainment, the immediate event is its board meeting on November 12, where directors will consider measures including a possible buyback and interim dividend; neither proposal is confirmed.

Key Highlights

• Tata Steel’s Q2FY27 profit rose more than 16% year on year to ₹3,700 crore.
• Adani Enterprises plans annual investment of ₹35,000 crore to ₹40,000 crore over the next couple of years.
• Indian Oil plans to acquire crude oil and LPG carriers amid shipping disruption and higher freight costs.
• SBI’s California subsidiary has opened its first branch outside California, in Texas.
• ZEEL’s board will consider a possible buyback and interim dividend on November 12.

Investor Note: These updates cover different businesses and should not be treated as a single market signal. Investors may want to distinguish reported results from forward-looking spending plans and proposals, and assess execution, costs and subsequent company disclosures before drawing conclusions.