After a short festive pause, Dalal Street will open today, October 23, for a full trading session. Following the special Muhurat trading on October 21 and a market holiday on October 22, investors are gearing up for an active day as earnings, regulatory moves, and global cues shape market sentiment. Let’s take a look at the stocks that are likely to remain in focus today.
Market Recap: Muhurat Trading ends on a steady note
In the special one-hour Muhurat trading session on October 21, benchmark indices wrapped up slightly higher. The Sensex settled at 84,426.34, up 63 points or 0.07%, while the Nifty closed at 25,868.60, gaining 25 points or 0.10%.
Stocks to watch on October 23, 2025
Infosys
Infosys promoters, including Nandan Nilekani and Sudha Murty, have decided not to participate in the company’s Rs 18,000-crore share buyback, according to a regulatory filing on October 22. The promoters collectively hold 13.05% of the company’s equity. The buyback, approved by the board on September 11, 2025, will see Infosys repurchase 10 crore shares at Rs 1,800 per share, representing 2.41% of the total equity. The move is part of the company’s capital allocation policy, which aims to return surplus funds to shareholders through dividends and buybacks.
This is Infosys largest-ever buyback, following previous programmes in 2017, 2019, 2022, and 2023. Depending on the buyback response, the promoters voting rights may change.
Tata Motors
Tata Motors Passenger Vehicles said it delivered over 1 lakh vehicles during the festive period between Navratri and Diwali, marking a 33% growth over last year’s festive season. The surge in deliveries was led by SUVs, while electric vehicles also saw strong demand, according to Managing Director and CEO Shailesh Chandra.
LTIMindtree
LTIMindtree announced that its President and Whole-time Director, Nachiket Deshpande, has resigned to explore new opportunities outside the company. His resignation became effective after business hours on October 31, 2025. The company, in its filing, acknowledged Deshpande’s contribution during his tenure and said a succession plan is underway.
REC
State-owned Rural Electrification Corporation (REC) reported a 9% year-on-year increase in net profit at Rs 4,414.93 crore for the July–September quarter, compared to Rs 4,037.72 crore a year earlier. According to the company’s exchange filing, total income rose over 10% to Rs 15,162.38 crore, driven largely by higher interest income, which stood at Rs 14,589.97 crore against Rs 13,484.82 crore in the same period last year.
Punjab National Bank
Punjab National Bank (PNB) has sold 10% of its stake in Canara HSBC Life Insurance Company, bringing its shareholding down from 23% to 13%. The sale was executed through an Offer for Sale (OFS) as part of Canara HSBC Life’s recent IPO, helping PNB raise approximately Rs 1,007 crore.
Torrent Pharma
The Competition Commission of India (CCI) has approved Torrent Pharmaceuticals proposed acquisition of a majority stake in JB Chemicals and Pharmaceuticals. The clearance, however, is subject to voluntary modifications offered by the companies. The Rs 19,500-crore deal, first announced in June, marks Torrent’s major expansion move in the domestic pharma space.
Dr. Reddy’s Laboratories
Dr. Reddy’s Laboratories received a positive inspection outcome from the US Food and Drug Administration (USFDA) for its Srikakulam facility in Andhra Pradesh. The regulator issued a Voluntary Action Indicated (VAI) classification, confirming that the inspection is now officially closed. The company received the Establishment Inspection Report (EIR) on October 20, 2025.
NMDC
State-run miner NMDC has revised the prices of its key iron ore products with effect from October 22. The company set the price of Baila Lump (65.5%, 10–40 mm) at Rs 5,550 per tonne and Baila Fines (64%, -10 mm) at Rs 4,750 per tonne. The new rates are Free on Rail (FOR) and include statutory levies such as royalty, DMF, and NMET charges.
Marathon Nextgen Realty
In Mumbai’s property space, Marathon Nextgen Realty unveiled Monte South Commercial, a large-scale office and retail development in Byculla, jointly developed with Adani Realty. Spanning 1.2 million square feet, the project carries a Gross Development Value (GDV) of Rs 3,400 crore, adding to Marathon’s commercial portfolio in South Mumbai.
Unimech Aerospace
Unimech Aerospace and Manufacturing announced the commissioning of two new facilities – Unit 3 and Unit 4 at the KIADB Aerospace Park in Bengaluru. The new precision engineering unit, spread across 33,000 sq ft, will focus on high-precision components for the nuclear, aerospace, and oil & gas sectors, reinforcing Unimech’s manufacturing capabilities.
Geojit Financial
Broking and financial services firm Geojit Financial Services posted a sharp 59% decline in net profit to Rs 23.5 crore in the second quarter of FY26, down from Rs 57.4 crore in the year-ago period. Revenue for the quarter also slipped 22% to Rs 169.8 crore.
Earnings to watch today
As many as 12 companies, including Andhra Cements, Colgate Palmolive (India), Hindustan Unilever (HUL), Laurus Labs, and Sagar Cements, will announce their Q2 numbers on Thursday.
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