Indian Markets Flat Amid Volatility; Companies Report Q2 Results and Business Updates

1 min read Updated on 24 Oct 2025, 06:06 AM

Reviewed by

Jubin VergheseScanX News Team

Overview

Indian stock markets closed nearly unchanged after a volatile session, with early gains erased by profit-taking. Vedanta Group announced a ₹1 lakh crore investment in Odisha, while Choice International acquired Fintoo Group's distribution business. Hero MotoCorp entered the UK market, and Cipla partnered with Eli Lilly for diabetes treatment distribution. Quarterly results were mixed, with Colgate-Palmolive India reporting a decline in profit and revenue, while PTC India Financial saw a significant increase in net profit. The market may enter a short-term consolidation phase if the Nifty index maintains levels above 25,600.

*this image is generated using AI for illustrative purposes only.

Indian stock markets experienced a volatile trading session, ending nearly unchanged as early gains were erased by profit-taking in heavyweight stocks. The day's developments encompassed a range of sectors, from market trends to company-specific news and quarterly results.

Market Overview

Analysts suggest that the market may enter a short-term consolidation phase if the Nifty index maintains levels above 25,600. This observation comes amidst the day's fluctuations, highlighting the current market sentiment.

Corporate Developments

Several companies made significant announcements:

Vedanta Group's Odisha Investment

Vedanta Group unveiled plans for a substantial investment in Odisha:

Detail	Value
Investment Amount	1.00 lakh crore
Employment Opportunities	Over 1.00 lakh
Project Focus	Ferro-alloys plants and aluminium parks

This investment is expected to boost the state's industrial landscape and create significant employment opportunities.

Choice International's Strategic Acquisition

Choice International has strengthened its wealth management business through a strategic move:

Detail	Value
Acquired Business	Fintoo Group's distribution business
Added Assets Under Management	635.00 crore

This acquisition is set to enhance Choice International's position in the wealth management sector.

Cochin Shipyard's Naval Delivery

Cochin Shipyard marked a milestone in its naval contracts:

Delivered 'Mahe', the first Anti-Submarine Warfare Shallow Water Craft to the Indian Navy

Hero MotoCorp's International Expansion

Hero MotoCorp has expanded its global footprint:

Entered the UK market through a partnership with MotoGB Ltd
Launched its Euro 5+ range led by Hunk 440
This marks Hero MotoCorp's presence in its 51st international market

Cipla's Partnership with Eli Lilly

Cipla has entered into an agreement with Eli Lilly:

To distribute Tirzepatide (Yurpeak) for Type-2 diabetes and obesity treatment in India
The drug will be priced the same as Eli Lilly's Mounjaro

UGRO Capital's NCD Issuance

UGRO Capital approved the issuance of Non-Convertible Debentures (NCDs):

5,000 NCDs worth 50 crore
Oversubscription option up to 150 crore

Vodafone Idea's Investment

Vodafone Idea invested 26,000 as the first tranche of a total investment of 1.56 crore in ABRen SPV 3.

NTPC Green Energy's Commercial Operations

NTPC Green Energy's subsidiary declared commercial operations:

9.9 MW from its 92.4 MW wind project
Total installed capacity raised to 7,563.57 MW

Quarterly Results

Several companies reported their quarterly results:

Colgate-Palmolive India

Colgate-Palmolive India reported a decline in both profit and revenue:

Metric	Value	Change
Net Profit	327.50 crore	-17.00%
Revenue	1,519.50 crore	-6.20%

PTC India Financial

PTC India Financial posted a significant increase in net profit:

Net profit surge of 86.2% to 88.1 crore

Sagar Cements

Sagar Cements recorded mixed results:

Revenue growth of 26.7% to 602 crore
Maintained net loss at 42.3 crore

Upcoming Events

Midwest shares will debut on Friday after a public issue subscription of 87.89 times

Upcoming Results

Several prominent companies are set to announce their quarterly results:

SBI Life
Dr Reddy's
SBI Cards
Coforge
ITC Hotels
Aditya Birla Sun Life AMC

Investors and market watchers will be keenly observing these results for insights into various sectors' performance.

As the Indian market navigates through this period of volatility, these corporate developments and financial results will play a crucial role in shaping investor sentiment and market trends in the coming days.

Corporate Developments

Company	Development
Jain Resource Recycling	Entered a joint venture with C&Y Group Investments to establish a recycling facility in Ahmedabad; also announced quarterly results
UCO Bank	Plans to add 150 branches by March, expanding its network to 3,472 branches
Jindal Steel International	Gained access to financial details of Thyssenkrupp's steel business following an indicative bid
Tata Motors	Delivered over 1 lakh passenger vehicles in 30 days from Navratri to Diwali, showing 33% growth
Reliance Industries	Purchased Middle Eastern crudes, including Iraq's Basrah Medium
Torrent Pharmaceuticals	Received CCI clearance for proposed acquisition of a stake in JB Chemicals in a Rs 19,500-crore deal
Ola Electric	Clarified that no chargesheet has been filed and stated it is cooperating with an ongoing investigation
Dr Reddy's Laboratories	Received a 'Voluntary Action Indicated' classification from the US FDA for its Andhra Pradesh manufacturing facility
Federal Bank	Clarified no board decision has been made regarding a preferential issue for a 9.99% stake
LTIMindtree	Announced Nachiket Deshpande's resignation as Whole-Time Director and President, effective October 31
Gulshan Polyols	Secured a Rs 1,185 crore order to supply ethanol to Oil Marketing Companies
Lloyds Metals and Energy	Approved allotment of 19.6 lakh shares at Rs 1,460.50 per share to Adler Industrial Services, raising Rs 286 crore
Manali Petrochemicals	Subsidiary AMCHEM sold its stake in Notedome Ltd
Expleo Solutions	Approved closure of its Coimbatore facility
Filatex India	Signed an MOU for textile recycling collaboration
Rubicon Research	Subsidiary entered an agreement to acquire preferred stock for up to $3 million

Upcoming Quarterly Results

Several companies are set to announce their quarterly results, including:

Hindustan Unilever (HUL)
Colgate-Palmolive
Laurus Labs
Vardhman Textiles

Other News

Police have launched an investigation into the reported suicide of an Ola Electric engineer who allegedly experienced workplace harassment.

The diverse range of corporate activities, from joint ventures and expansion plans to significant deliveries and acquisitions, reflects the dynamic nature of the Indian market. As companies continue to navigate challenges and opportunities, investors will be closely watching the upcoming quarterly results for insights into corporate performance and economic trends.