Stocks to watch, Nov 2: Vodafone, NCC, Waaree Renewable, Affle, CDSL and more

SENSEX 75,425.09

+ 965.56

NIFTY 23,306.60

+ 253.50

CRUDEOIL 9,552.00

 -385.00

GOLD 138,783.00

+ 298.00

SILVER 180,866.00

+ 1,734.00

SENSEX 75,425.09

+ 965.56

NIFTY 23,306.60

+ 253.50

NIFTY 23,306.60

+ 253.50

CRUDEOIL 9,552.00

 -385.00

CRUDEOIL 9,552.00

 -385.00

GOLD 138,783.00

+ 298.00

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Corporate developments span acquisitions, major order wins, capacity expansion and regulatory action, with Vodafone, Affle, NCC, Waaree Renewable, KIMS, CDSL, EKI Energy Services and several other companies announcing key business updates and operational developments

By KS Badri Narayanan

Updated - November 02, 2026 at 10:23 AM.

From stake acquisitions and strategic investments to fresh project orders, healthcare expansion and regulatory penalties, companies across telecom, infrastructure, pharmaceuticals, real estate, energy and gaming sectors reported significant business developments and corporate announcements. | Photo Credit: iStockphoto

CCI clears Xavier Niel’s 16.2% stake acquisition in Vodafone

The Competition Commission of India has cleared French billionaire Xavier Niel’s proposal to acquire a 16.2 per cent stake in Vodafone Group Plc. Niel, who founded the telecom company Iliad, is acquiring the stake through his family investment vehicle Vega SAS. The latter is a wholly-owned subsidiary of Maya SAS, a simplified joint-stock company incorporated under French law. “The proposed combination envisages acquisition of 16.2 per cent of the issued share capital in Vodafone Group Plc (target) by Vega SAS (acquirer),” the Competition Commission of India (CCI) said in a release on Friday. Vega SAS has no business presence or business activity in India, while Vodafone provides fixed and mobile services through Vodafone Idea Ltd in the country.

Waaree Renewable signs five-year O&M agreement for 360MWp solar project

Waaree Renewable Technologies Ltd has signed a five-year Operation and Maintenance (O&M) agreement for a 360MWp solar power project with a leading Independent Power Producer (IPP) Company.

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NCC secures additional orders worth ₹1,862.45 crore in October

NCC Ltd has received eight additional orders aggregating to ₹1,862.45 crore, excluding GST, during October 2026. The latest order wins add to the major order worth ₹1,286.03 crore that the company had previously announced on October 8, 2026. With these additional orders, the company has reported fresh business inflows across its Water, Buildings and Transportation divisions during the month, reflecting continued order activity across its key business segments.

Granules India’s Hyderabad facility receives 11 observations in USFDA inspection

Granules India Ltd has informed the exchanges that the United States Food and Drug Administration (USFDA) has concluded a current Good Manufacturing Practice inspection of its finished dosage facility at Gagillapur, Hyderabad. The inspection was conducted from October 19 to October 30, 2026, and concluded with the issuance of a Form FDA 483 containing eleven observations. This was the first USFDA inspection of the facility since the Warning Letter of February 26, 2025, which followed an inspection in August-September 2024.

• Also read: Nifty likely to open 200 points higher as Reliance results, auto sales lift sentiment

KIMS Saveera Hospital doubles bed capacity to 500 in Andhra Pradesh

Saveera Institute of Medical Sciences, subsidiary of Krishna Institution of Medical Sciences (KIMS), has expanded its bed capacity from 250 to 500 beds at its KIMS Saveera Hospital in Anantapur. The expansion will strengthen the company’s healthcare infrastructure and improve access to advanced tertiary and quaternary healthcare services across Andhra Pradesh’s Rayalaseema region.

Affle subsidiary to acquire Perion Network for $420 million

Affle 3iL Ltd, a wholly owned step-down subsidiary of Affle 3i, said its Israel-based step-down subsidiary has signed a definitive agreement to acquire Nasdaq- and Tel Aviv-listed Perion Network for about $420 million (about Rs 3,986 crore) in an all-cash deal, as it looks to scale its business in developed markets. Perion shareholders will receive $11.70 per share, giving the company an implied equity value of about $420 million, Affle 3i said in a regulatory filing.

SEBI imposes ₹1 crore penalty on CDSL for compliance lapses

Market regulator SEBI on Friday imposed a penalty of Rs 1 crore on Central Depository Services (India) Ltd (CDSL) for multiple compliance lapses, including failing to communicate reasons for rejecting pledge requests to the depository participants (DPs) of both the pledgor and pledgee, as well as shortcomings in disaster recovery drills. CDSL has been directed to pay the penalty within 45 days, failing which recovery proceedings may be initiated.

Nazara Technologies infuses $77 million into UK subsidiary

Nazara Technologies has infused $77 million, or approximately ₹734.35 crore, into its wholly owned UK subsidiary, Nazara Technologies UK. It has paid the second tranche of its acquisition of Spanish gaming companies Bluetile Games and Bestplay Systems.

Zee Entertainment says Subhash Chandra loan case has no bearing on company

Zee Entertainment on Sunday night clarified that the company has no bearing on matters pertaining to Subhash Chandra and the alleged misappropriation of a loan worth ₹1,322 crore. The company stated in the context of the Enforcement Case Information Report (ECIR) after Chandra and others were booked on charges of misappropriating a loan borrowed from LIC Housing Finance. “The Company would like to state that the matters are pertaining to Dr. Subhash Chandra and the promoter entities and have no bearing on ‘Z’ or its operations in any manner,” said a Zee Spokesperson.

Deccan Gold Mines sees potential for over 4 million tonnes of mineralisation

Deccan Gold Mines Ltd has reported an encouraging milestone at its Bhalukona Nickel-Copper-Platinum Group Elements project in Chhattisgarh, with preliminary geological modelling of exploration drilling data indicating the potential for over 4 million tonnes of mineralisation grading approximately 0.24% nickel equivalent. Significantly, the preliminary estimates cover only near-surface mineralisation across approximately 300– 350 metres of the 1.3-km mineralised corridor identified at Bhalukona. They do not account for potential repetitions of the mineralised sequence indicated by drone magnetic and induced polarisation (IP) surveys, suggesting further exploration potential across the project area.

RBM Infracon bags ₹354.76 crore service order from Epitome Industries

RBM Infracon Ltd has received a significant service order worth ₹354.76 crore from Epitome Industries India Ltd. The customer sent the service order via email on October 30, 2026. The agreement carries a total value of ₹3,54,76,00,000, inclusive of all applicable taxes and duties, marking a major contract win for RBM Infracon.

SEBI bars EKI Energy Services, executives over financial misrepresentation

Markets regulator SEBI has barred EKI Energy Services Ltd and its Managing Director, Manish Kumar Dabkara, from the securities market for two months and 12 months, respectively, for misrepresenting the carbon credits trading firm’s financial statements and diverting funds. The regulator has also barred the company’s former Chief Financial Officer (CFO), Mohit Kumar Agarwal, from the securities market for eight months, while whole-time directors Naveen Sharma and Sonali Sheikh have been barred for five months and one month, respectively. Besides, SEBI has imposed monetary penalties totalling Rs 88 lakh on the company and other individuals for various violations of securities market regulations.

Marathon Nextgen Realty to acquire Adani Group’s 60% stake in Monte South

The board of Marathon Nextgen Realty Ltd has approved the acquisition of Adani Group’s 60% stake in Monte South for approximately ₹335 crore. Upon completion of the transaction, Marathon’s stake in the development will increase from 40% to 100%, giving it sole ownership and control of the landmark development in Byculla, Mumbai. Monte South was the Adani Group’s first premium real estate development in Mumbai. Since then, the Adani Group has significantly expanded its presence in the Mumbai Metropolitan Region (MMR), taking up several substantially larger developments.

Cranex bags orders worth ₹12.93 crore for EOT cranes

Cranex Ltd has received a Letter of Award (LOA) and Purchase Orders for new orders aggregating to approximately Rs. 12.93 crore for Goods, Supply, Commissioning, and Testing of EOT Cranes. The Company has received a Purchase Order from Godawari Power & Ispat Limited for an EOT Crane 15MT with Grabe Bucket, valued at approx. INR ₹ 4,93,24,000/-.

Key results: 24 companies to announce earnings

Key results: Akums Drugs and Pharmaceuticals, Amara Raja Energy & Mobility, Balaji Amines, Container Corporation of India, Devyani International, DOMS Industries, Escorts Kubota, Granules India, KEC International, ITC, Systems, Marico, National Aluminium Company, One Mobikwik, Purple Style Labs, Petronet LNG, PTC India, Sun Pharma Advanced Research Company, Tata Investment Corporation, TBO TEK, Trident, UPL, Wockhardt, and Zuari Agro Chemicals.

Published on November 2, 2026

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