Stocks to Watch Today: TCS, Tata Elxsi, IREDA, Adani Enterprise and Others
Stocks to Watch Today: The present corrective phase was maintained by the turbulent trading and practically flat closing of domestic markets. Due to a number of news events, shares of TCS, Tata Elxsi, IREDA, IDFC, and Star Health, among others, will be the subject of attention in today’s session.
IREDA, TCS, and Tata Elxsi
Today’s announcement of TCS, Tata Elxsi, and IREDA’s second-quarter earnings will put the businesses’ shares front and center.
Adani Enterprises: At a floor price of Rs 3,117 per share, the firm has begun to sell qualified institutional placements (QIPs). The corporation wants to raise as much as Rs 16,600 crore to finance a number of initiatives, such as airport expansions. ICICI Securities, Jefferies India, and SBI Capital Markets are the issue’s book-running lead managers.
Vedanta: As part of a liquidity management plan, the business has returned $869 million to bondholders by redeeming notes that were due in 2027 and 2028 before they were due. It is anticipated that this action would cut interest expenses for the firm.
JSW Infrastructure: The Maharashtra Maritime Board has sent the business a Letter of Intent to establish a multifunctional port in the Palghar district. At an estimated cost of Rs 4,259 crore, the project is projected to generate 1,500 employment and is in line with JSW’s expansion strategy, which aims to raise capacity by a substantial amount by FY30.
ICICI Securities: In accordance with a plan to become a fully-owned subsidiary of ICICI Bank, the National Company Law Tribunal has authorized ICICI Securities’ delisting. For every 100 shares of ICICI Securities held, shareholders will get 67 shares of ICICI Bank. The arguments of minority shareholders have been rejected.
Jio Financial Services: In order to sell direct mutual fund plans, Jio Payments Bank, a division of Jio Financial Services, obtained a mutual fund distribution license from AMFI. This is consistent with Jio Financial Services’ overarching plan to grow inside the financial services industry, which also includes a partnership with BlackRock.
Tata Stocks: After the passing of its Chairman Emeritus, Ratan Naval Tata, on the evening of Thursday, October 10, the stocks of the Tata group firms will be the subject of attention.
HDFC Life Insurance: To finance company expansion, the insurer intends to issue non-convertible debentures for a total of Rs 1,000 crore. The National Stock Exchange will list the unsecured issue.
Star Health and Allied Insurance: Following a large-scale data breach that impacted 31 million consumers, the business is conducting a forensic investigation. Star Health has filed lawsuits against the sites that allowed the data breach and is assisting law enforcement.
Ola Electric: The Ministry of Heavy Industries has asked the Automotive Research Association of India for information on Ola Electric’s adherence to regulatory requirements in response to a spike in customer complaints.
IRB Infrastructure Developers: In order to satisfy its financial obligations, the business intends to issue notes denominated in foreign currencies in an amount up to $200 million. The management committee has been given permission by the board to supervise this fundraising initiative.
Zee Entertainment Enterprises: Following a SEBI investigation into suspected money diversion, the Independent Investigation Committee (ICC) established by ZEEL found “no material irregularities” in the firm. This comes after managing director and CEO Punit Goenka, as well as chairman emeritus Subhash Chandra, examined the company for possible financial misappropriation totaling more than Rs 2,000 crore.
IDFC: For almost Rs 88 crore, the Swiss financial services company UBS Group purchased a 0.51% share in IDFC. Following the announcement of IDFC First Bank’s merger with IDFC Ltd., this transaction took place.
TAC InfoSec: By March 2026, the cybersecurity company hopes to have 10,000 worldwide clients, having gained 200 new ones, including Microsoft and Lenovo.
