Stocks to Watch Today: Paytm, Adani Wilmar, Zomato, HDFC Bank, and others

Stocks to Watch Today: The last week saw negative tendencies take hold of domestic markets as a result of FII withdrawals and geopolitical concerns. Due to a number of news events, shares of Jio Financial, Titan, Adani Wilmar, IDFC Bank, and Zomato, among others, will be the subject of attention in today’s trading.

Godrej Properties: After selling more than 5.1 million square feet in the second quarter, Godrej Properties’ booking value increased by 3% year over year to around Rs 5,200 crore.

Vodafone Idea: Due to Vodafone Idea’s failure to provide the bank guarantees required to repay outstanding spectrum auction debt, the Department of Telecommunications (DoT) has sent a warning to the company.

Paytm: As of October 4, Manmeet Singh Dhody was no longer the company’s CTO for payments and SMP. A new CTO was hired by the corporation to fill the same role.

Jio Financial: BlackRock Financial Management Inc. and the firm have received in-principle clearance from Sebi to serve as co-sponsors and establish the proposed mutual fund.

Adani Wilmar: Adani Wilmar said on Friday that it anticipates a 16% increase in standalone revenue in the second quarter due to greater sales volumes at its staple edible oil sector and its rapidly expanding foods division.

Zomato: Under its ESOP scheme, the online meal delivery company Zomato has given qualified workers 1.19 crore stock options.

HDFC Bank: The private lender surpassed forecasts with a Q2FY25 deposit increase of approximately Rs 1.2 trillion. The overall deposit base reached Rs 25 trillion, a 15.1% YoY rise, while deposits increased 5.1% consecutively. Despite a 7% YoY increase in gross loans to Rs 25.19 trillion, the bank is concentrating on lowering its loan-to-deposit ratio after its merger with HDFC. Analysts predict large inflows as well since HDFC Bank is expected to gain weight in MSCI indexes and might draw in excess of $1.8 billion.

IndiGo Airlines: On Saturday, the airline had a significant system failure that left customers delayed and stranded at many airports. While travel rises throughout the holiday season, the airline is attempting to fix the problems and minimize consumer annoyance.

Honasa Customer: The parent business of Mamaearth said that since the firm has no holdings in the United Arab Emirates, no assets would be attached there as a result of the lawsuit. The firm is appealing notwithstanding a recent court decision on its distributorship issue, and it anticipates no negative financial effects from the legal process.

State Bank of India: According to its chairman and managing director, CS Setty, the bank intends to hire over 10,000 more staff members to strengthen its banking and technology skills. In response to shifting client expectations, SBI intends to establish 600 new branches and keeps improving its digital offerings.

REC: In H1FY25, the state-owned business provided loans worth Rs 90,955 crore, a 20.1% YoY increase. With green loans making up a significant share and representing 13% of all disbursements in Q2FY25, REC’s dedication to funding renewable energy is evident.

Adani Total Gas: In an effort to cut emissions, the business has begun mixing green hydrogen with regular gas at its Ahmedabad plant. The project’s intentions to progressively raise the hydrogen mix levels represent a major step in the shift to greener energy alternatives.

Hindalco Industries, JSW Steel: JSW Steel and Hindalco Industries are competing for two Jharkhand copper mines that will go up for auction this month. These mines have the potential to increase local copper output and decrease dependency on imports since they have a combined annual capacity of three million metric tons.

Bank of Maharashtra: Following the share allocation during a QIP, Life Insurance Corporation of India raised its ownership stake in Bank of Maharashtra from 4.05 percent to 7.10 percent. At an average cost of Rs 57.36, LIC purchased 3.376 percent of the bank’s stock, demonstrating its confidence in the bank’s future.

Larsen & Toubro: In preparation for NASA’s upcoming International Space Station, L&T is venturing farther into the global space industry. With the help of government initiatives that encourage private sector involvement, L&T hopes to achieve significant turnover growth in the space economy.

Canara Bank: To reduce its holdings in the three NSL group companies—NSL Sugar Ltd., NSL Krishnaveni Sugar Ltd., and NSL Textiles Ltd.—the bank is requesting expressions of interest (EoIs) for a Swiss challenge auction. These assets have reserve values of Rs 394.59 crore.

SpiceJet: The airline recently funded Rs 3,000 crore via a qualified institutional placement (QIP) amidst financial difficulties. It recently paid off its payroll and GST obligations and deposited ten months’ worth of provident fund payments after the fundraising. Nevertheless, because of persistent difficulties, it keeps running with a reduced fleet.

Godrej Properties: In H1FY25, the business exceeded Rs 13,800 crore in bookings, indicating a robust sales performance. By taking advantage of the rising demand for upscale real estate, it hopes to reach a goal of Rs 27,500 crore for the fiscal year.

Macrotech Developers: In spite of the customarily unfavorable “Shradhhh” time, the real estate company recorded record pre-sales of Rs 4,290 crore in Q2FY25, a 21% YoY gain. Additionally, the business recorded revenues of Rs 3,070 crore, up 11% year over year.

SAMHI Hotels: The business has given the go-ahead to acquire Innmar Tourism and Hotels for Rs 205 crore, adding an operational hotel and the possibility of more rooms to its portfolio. It is anticipated that the deal will conclude shortly.

Eco Hotels & Resorts: As it adds more environmentally friendly hotels to its portfolio, the firm hopes to turn a profit by FY26. The corporation plans to reach its goal of 5,000 rooms in five years, having just purchased three more buildings.