Stocks to Watch Today: HDFC Bank, IIFL, Nykaa, Hero MotoCorp and Others

Stocks to Watch Today: As per the earlier trend, domestic markets ended an active expiration day with only slight changes apart from where they began. A fair amount of shares for these companies (India’s Reliance Infrastructure, VST Industries, IDFC First Bank, NTPC, and Vodafone Idea, among others) will be hada in today’s market because of some news events.

HDFC Bank: The bank is anticipating finalizing its biggest loan sale by the end of September with a hope to exceed Rs 90 billion. They are offering pass-through certificates backed by auto loans.

IIFL Finance: The business has mentioned that the Reserve Bank of India has lifted the restrictions over its gold lending business. The organization has solved its previous regulatory challenges about loan processes and is now in a position to resume loaning.

Nykaa: The firm has attained 60% of its orders to be completed in a single day. The company has also ramped up its same-day and next-day delivery services to 110 cities. There has been a significant increase in the company’s network of warehouses, which has enhanced efficiency and reduced lead times for deliveries.

Macrotech Developers: The company also bought the shares in three storage companies for Rs 239.56 crore to increase its shareholding and prospective rental income. This well-planned move is in line with the company’s venturing into the property business.

Hero MotoCorp: The company is considering launching e-scooters in the United Kingdom, France, and Spain through its Vida brand by mid-2025. It is entering developed countries at the same time as negotiations are underway for an India-UK trade treaty and the growing electric vehicle market.

The equities of the Shapoorji Pallonji Group (Gokak Textiles, Eureka Forbes, Vascon Engineers, Forbes & Company, and Sterling and Wilson Renewable Energy): It is expected that more than Rs 2,100 crore would be raised by the Shapoorji Pallonji group from a consortium of overseas investors led by Deutsche Bank. This happens as the team gears up towards making impending loan obligations and towards the IPO of Afcons Infrastructure.

SJVN: The company had reported that renewable sources of energy generation from hydro, solar, and wind power in the fiscal year 2023-2024 added up to 8489 million units. Among the achievements, the company has recorded some notable achievements, which include the highest daily and monthly generating rates ever. Furthermore, the company reported net post-tax profits of Rs 908.40 crore against a standalone revenue of Rs 2,533.59 crore.

Infosys: The business and Posti, one of the leading logistics providers in Finland, Sweden, and the Baltics, have deepened their cooperation. Wishing to enhance both operational efficiency and customer satisfaction, the partnership seeks help from Topaz-powered Aimed Infosys’ new methodology. For the past five years, Infosys has been improving Posti’s IT systems and also building up its defenses against cyber threats.

TCS: Appraised at a brand value of $49.7 billion Tata Consultancy Services TCS is the most valuable brand in India, as it increased by 16% from the previous year. Survey findings of Kantar BrandZ, where Zomato features on the list of brands that have experienced the fastest growth, underline the need for appropriate brand positioning and consistent marketing activity on all customer touchpoints.

IDFC First Bank: As per the approval from RBI, V Vaidyanathan would return as a Managing Director and Chief Executive Officer of the bank, basing this appointment on the 19th of December, 2024. Ever since the bank merged with Capital first in 2018, Vaidyanathan has been very active.

Reliance Infrastructure: To augment investor participation and assist in the achievement of its strategic objectives, the company’s board has sanctioned a preferential proposal to furnish an amount of Rs. Three Thousand and Fourteen crores through the issuance of equity shares. The company plans to use the proceeds for working capital and general corporate purposes

MSTC: The sale of Ferro Scrap Nigam Ltd., a subsidiary of MSTC, to Konoike Transport Co. of Japan for a consideration of Rs 320 crore has been cleared by the government over and above the reserve price. Konoike’s intention to engage in recycling and steel services indicates a strategic entry into India’s steel market.

SpiceJet: Some large institutional investors like Tata Mutual Fund, Authum Investment, and Think Investments have also been attracted to the company’s share offering worth $358 million, apart from some other institutional investors. It was said that the placement turned out to be… oversubscribed.

Telco stocks: The Supreme Court also dismissed the petitions filed by the telecom companies seeking certain reliefs against the adjusted gross revenue (AGR) orders, which are inclusive of the revenue arising from non-telecom sectors. This ruling emphasizes the financial commitments of the telecommunications companies, particularly with the ongoing strain of telecom operators such as Vodafone, who are in the red.

NTPC: The Board of NTPC Limited has approved an investment of Rs 9,701 crore for the Sipat Super Thermal Power Project, Stage-III (1×800 MW).

SBI: For one more year, SBI continued to invest in USD 50 million government Treasury Bills that have been offered by the government of the Maldives.