Stocks to Watch Today: Jio Platforms, JSW Energy, PNB Housing and 3 More Shares in Focus on October 29

Stocks to Watch Today, October 29, 2026: Indian stock market investors have several important corporate developments to track on Thursday, October 29. Shares of JSW Energy, United Spirits, Jio Platforms, Fortis Healthcare, PNB Housing Finance and Bandhan Bank are likely to attract attention following quarterly earnings announcements, business expansion updates and recent market activity.

While JSW Energy and PNB Housing Finance have reported strong year-on-year profit growth, United Spirits has recorded a decline in quarterly earnings. Bandhan Bank has shown improvement in profitability and asset quality compared with the previous quarter.

Meanwhile, Jio Platforms remains in focus following its reported stock market debut, while Fortis Healthcare has announced an acquisition to expand its hospital network.

Here is a detailed look at the six companies and the developments investors may want to monitor.

1. JSW Energy: Net Profit Jumps Nearly 50% in Q2 FY27

JSW Energy has reported strong financial performance for the July–September quarter of the financial year 2026–27.

According to the reported results, the company's consolidated net profit increased by 49.8% year-on-year to ₹1,056.4 crore, compared with ₹704.9 crore in the corresponding quarter last year.

The reported profit also exceeded the CNBC-TV18 market estimate of ₹689 crore.

Revenue from operations rose 23% to ₹6,368.5 crore, compared with ₹5,177 crore during the same period in the previous financial year. This was also higher than the estimated revenue of ₹5,630 crore.

The company's earnings before interest, taxes, depreciation and amortisation (EBITDA) increased by 20.7% to ₹3,617.6 crore from ₹2,998 crore a year earlier.

Another important development was the addition of 813 megawatts of generation capacity during the September quarter, including 513 megawatts from renewable energy sources.

What investors may watch: Revenue growth, profitability, capacity expansion and the contribution of renewable energy projects to future earnings.

2. United Spirits: Quarterly Profit Declines Despite Revenue Growth

United Spirits, the beverage company controlled by Diageo, reported a weaker profitability performance during the September quarter.

Its net profit declined 2.1% year-on-year to ₹462 crore, compared with ₹472 crore during the corresponding period last year.

The reported profit was also below the market expectation of ₹471 crore.

Despite the earnings decline, revenue increased by 2.8% to ₹3,258 crore. However, this figure remained below the estimated ₹3,348 crore.

The company's EBITDA fell by 4.3% to ₹643 crore from ₹672 crore in the previous year.

The combination of modest revenue growth and declining operating earnings suggests that profitability faced pressure during the quarter.

What investors may watch: Operating margins, cost pressures, premium product demand and management commentary on future business performance.

3. Jio Platforms: Shares in Focus After Strong Market Debut

Jio Platforms is expected to remain in the spotlight following its reported stock market listing on Wednesday, October 28, 2026.

According to the supplied report, the company's shares debuted at a premium exceeding 21% over the IPO issue price.

The stock subsequently ended the session at ₹1,419, compared with its issue price of ₹1,119.

This represents a reported gain of approximately 26.81%, equivalent to ₹300 per share.

The report also states that Jio Platforms became India's second-most valuable listed company by market capitalisation following its debut.

However, these listing details and the market-capitalisation ranking have not been independently verified against official exchange records.

What investors may watch: Trading volumes, share-price volatility, institutional participation and whether the initial listing gains are sustained.

4. Fortis Healthcare: Company Acquires Bengaluru's Suguna Hospital for ₹277 Crore

Fortis Healthcare has announced an acquisition aimed at strengthening its presence in the hospital services sector.

According to the reported corporate update, Fortis acquired Bengaluru-based Suguna Hospital for approximately ₹277 crore.

The transaction was completed on October 28, 2026, through International Hospital Limited, a wholly owned subsidiary of Fortis Healthcare.

The acquisition reportedly includes the hospital business along with the associated land and building.

The deal was completed through a cash payment arrangement.

The expansion could help Fortis increase its healthcare services footprint in Bengaluru, an important market for private hospitals and specialised medical facilities.

What investors may watch: Integration of the acquired hospital, additional operating capacity, capital expenditure and the acquisition's contribution to future revenue.

5. PNB Housing Finance: Net Profit Rises 33% to ₹627 Crore

PNB Housing Finance reported strong growth in profitability and lending activity during the September quarter.

The company's net profit increased by approximately 33% year-on-year to ₹627 crore, compared with ₹472 crore during the same quarter last year.

Net interest income (NII), an important measure of earnings for lending institutions, increased by 16.3% to ₹861.2 crore from ₹740.6 crore.

Loan disbursements also recorded significant growth.

Total disbursements reached ₹9,609 crore during the second quarter of FY27, representing an increase of approximately 60%.

Retail loan disbursements stood at a record ₹9,250 crore, rising 54% compared with the previous year and 59% compared with the preceding quarter.

Corporate loan disbursements were reported at approximately ₹360 crore.

PNB Housing Finance Q2 FY27 Results

What investors may watch: Housing loan demand, lending growth, borrowing costs, asset quality and the sustainability of retail disbursement growth.

6. Bandhan Bank: Profit Improves 24% Sequentially, NPAs Decline

Bandhan Bank has reported an improvement in quarterly profitability and asset quality.

The bank's net profit increased by approximately 23.9% quarter-on-quarter to ₹622 crore during the September quarter.

In the preceding June quarter, the bank had reported a profit of ₹502 crore.

Net interest income also improved, increasing 1.3% sequentially to ₹2,960.4 crore from ₹2,921 crore.

The bank recorded a modest improvement in asset quality.

As of September 30, 2026, gross non-performing assets (GNPA) declined to 3.11%, compared with 3.15% in the previous quarter.

Net non-performing assets (NNPA) also decreased slightly to 0.92% from 0.93%.

These changes suggest an improvement in reported asset quality, although the movement was relatively small.

Bandhan Bank Q2 FY27 Performance

What investors may watch: Credit growth, deposit mobilisation, loan recovery performance, asset quality and net interest margins.

Stock Market Today: Key Corporate Developments at a Glance

What Should Investors Consider Before Trading These Stocks?

Quarterly earnings and major corporate announcements can influence stock prices, but strong financial results do not necessarily guarantee positive share-price movements.

Market expectations, valuations, trading volumes, global economic developments and broader investor sentiment can also affect performance.

Investors should examine whether reported earnings growth is sustainable and whether the company's valuation already reflects positive expectations.

For banking and financial stocks, asset quality, credit growth and interest margins remain important indicators.

For energy and healthcare companies, business expansion, profitability and future capital requirements may influence investor expectations.

Those monitoring newly listed shares should also remain aware of the possibility of heightened volatility during the initial trading sessions.

Final Takeaway

Six companies are in focus on October 29, 2026, following a series of important financial and corporate developments.

JSW Energy and PNB Housing Finance have reported strong profit growth, while Bandhan Bank has shown sequential improvement in earnings and asset quality.

United Spirits has reported a decline in profitability despite higher revenue. Fortis Healthcare has expanded through a hospital acquisition, while Jio Platforms remains in the spotlight after its reported strong listing performance.

Investors should verify the latest stock prices, exchange disclosures and financial results before making trading decisions.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. The financial figures and corporate developments are based on the supplied news report and have not been independently verified against official stock exchange filings. Equity investments involve market risks. Consult a qualified financial adviser before making investment decisions.