Indian equities enter Friday, October 9, after Thursday’s broad decline. The NSE’s closing data showed Nifty 50 at 22,231.80, down 371.25 points or 1.64%, with 2,940 stocks declining against 649 advancing. Today’s ten-stock watchlist draws on fresh earnings, orders and business updates.
Stocks to Watch Today
| Stock | Why It Is in Focus |
|---|---|
| TCS | Q2 results, $9.6 billion contract value and ₹12 dividend. |
| JSW Steel | Q2 crude-steel production reaches 7.27 million tonnes. |
| Dr. Reddy’s Laboratories | FTO-11 USFDA inspection ends with two observations. |
| NCC | ₹1,286.03 crore Telangana road contract, excluding GST. |
| SML Mahindra | September domestic sales rise; exports decline. |
| Hexaware Technologies | Multi-year Anthropic partnership brings Claude into AI platforms. |
| IRB Infrastructure Developers | September group toll revenue grows approximately 24%. |
| P N Gadgil Jewellers | Q2 business update shows 22.4% revenue growth. |
| PACE Digitek | ₹179.4 crore letter of intent for Delhi battery storage. |
| S&S Power Switchgear | Subsidiary wins over ₹1 crore high-voltage isolator order. |
TCS
TCS’s September-quarter results showed revenue of $7.642 billion and sequential constant-currency growth of 0.5%. Operating margin was 24%, while contract value reached $9.6 billion. The ₹12 dividend has an October 14 record date. Watch contract conversion and client spending: signed work provides visibility, but delivery timing determines revenue and cash generation.
JSW Steel
JSW Steel’s production update recorded 7.27 million tonnes of consolidated crude steel in Q2 FY27, up 10% sequentially and 5% annually. Indian capacity utilisation averaged 88%. Higher throughput can improve cost absorption, but investors still need sales volumes, realised prices and input costs to establish whether operational growth translates into stronger earnings.
Dr. Reddy’s Laboratories
Dr. Reddy’s disclosed two USFDA observations following the October 5–7 pre-approval inspection at FTO-11, Pydibhimavaram. It will respond within the stipulated timeline. The filing does not detail severity or financial impact. A Form 483 is not a final violation determination; follow corrective action and subsequent agency communication rather than estimating losses from observation count.
Also Read: Stocks to Watch Today: October 8, 2026 – TCS, Senco Gold, Tata Power
NCC
NCC’s new contract from Hyderabad Growth Corridor Limited is worth ₹1,286.03 crore excluding GST. The Telangana Radial Road-2 package covers Budwel to Shabad, with construction scheduled over 18 months. The award adds business visibility, while execution milestones, billing and collections determine earnings conversion. Contract value should not be mistaken for immediate revenue or profit.
SML Mahindra
SML Mahindra’s September report showed domestic commercial-vehicle sales of 1,071 units against 812 a year earlier. Production increased to 1,257 from 1,049, while exports fell to 53 from 138. Monitor product mix and inventory alongside volumes before assuming a corresponding improvement in profitability.
Hexaware Technologies
Hexaware’s October 8 company release announced a multi-year Anthropic partnership and Preferred Partner status in the Claude Partner Network. Claude will support Zerovity and AgentVerse, with joint solution development and deployments. The strategic opportunity is enterprise AI execution; investors should look for paid adoption and measurable revenue contribution rather than treating partnership status as an earnings forecast.
IRB Infrastructure Developers
IRB’s October 8 release reported September group toll revenue of ₹773 crore against ₹622 crore a year earlier, approximately 24% growth. Toll revenue at wholly owned subsidiaries increased 17% on a like-for-like basis. Distinguish group portfolio collections from the listed company’s consolidated revenue; asset ownership, operating costs and financing shape the earnings benefit.
Also Read: Stocks to Watch Today: October 7, 2026
P N Gadgil Jewellers
P N Gadgil’s Q2 FY27 operating update reported revenue growth of 22.4%, with retail up 31.1% and same-store sales up 25.5%. E-commerce declined 83.6% as the company reduced lower-margin coin sales. This is a business update rather than full financial results. Watch jewellery mix, margins and working capital to assess the quality of growth.
PACE Digitek
PACE Digitek’s disclosure confirmed a ₹179.4 crore letter of intent from BSES Rajdhani Power for 57.5 MW/115 MWh of battery storage across four Delhi grid stations. The scope includes design, commissioning, operation and maintenance. The award expands its energy pipeline; contract execution and delivery economics remain the practical tests of eventual earnings contribution.
S&S Power Switchgear
S&S Power’s October 8 filing said its wholly owned equipment subsidiary received a Sterling & Wilson letter of award for 765 kV isolators for the Adani Akola project in Maharashtra. Value exceeds ₹1 crore, with delivery in the next financial year. The product milestone deserves monitoring, while its modest size limits conclusions about group-wide earnings.
Today’s focus spans IT earnings, infrastructure execution, consumer demand and regulatory follow-up. Compare these new disclosures with October 8’s edition and monitor sustained trading interest after the opening.
Also Read: Stocks to Watch Today October 6, 2026: Trent, Axis Bank, Kotak Bank & More
Disclaimer: This article is for educational and informational purposes only, not investment advice or a buy, sell or hold recommendation. Onetrader is not a SEBI-registered investment adviser. Markets involve risk; verify current disclosures and consult a qualified adviser before making financial decisions.
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