Stocks to Watch Today: PNB, Tata Motors, Adani Enterprise, HUL, Zomato and others

Stocks to Watch Today: Friday’s trading was flat, with little change amid positive global indicators. Due to several news events, shares of BEL, L&T, PNB, Nuvama Wealth, IDFC, and IndusInd Bank, among others, will be the focus of today’s trading.

Tata Motors: In Panapakkam, Tamil Nadu, the company celebrated the launch of its new manufacturing plant, which will be used to produce cars and SUVs. Tata Motors and JLR will manufacture next-generation cars at this plant.

Nuvama Wealth: On Friday, a number of block agreements at Nuvama Wealth Management saw the purchase of shares at a total cost of Rs 1,235 crore by Morgan Stanley, Goldman Sachs, and Smallcap World Fund Inc.

PNB: Punjab National Bank (PNB), a state-owned financial institution, has collected Rs 5,000 crore by issuing equity shares to eligible institutional investors. At an issue price of Rs 103.75 per share, the bank distributed about 48.19 crore equity shares.

Adani Enterprises: To fortify its supply chain for solar cells and modules, Adani New Industries, the company’s subsidiary that manufactures green energy components, is growing its capacity to produce solar components in India. It is concentrating on producing solar glass, aluminum frames, and backsheets. By 2030, ANIL wants to expand from 4 GW to 10 GW of solar cell and module capacity. It also wants to establish facilities for component manufacture.

Hindustan Unilever (HUL): HUL is under pressure from smaller FMCG businesses and participants in the unorganised sector, especially in the soap industry. The corporation is currently concentrating on premiumization throughout its product line after implementing price reductions to maintain market dominance. Experts predict that HUL’s expansion plan will need some time as it adjusts to market developments, even if e-commerce is still a steadily expanding source of income.

Reliance Industries, Network18 Media & Investments: After merging with Disney’s Indian media holdings, RIL has been given permission by the government to transfer licenses for its current affairs and non-news TV channels to Star India. It is anticipated that this calculated action would strengthen RIL’s competitive edge over rival media behemoths. It is projected that the merger, which is valued at Rs 70,350 crore, would be completed in late 2024 or early 2025. In a related development, Candytoy Corporate (CTC) has partnered with Reliance Retail to provide candy toys, with the goal of quickly expanding over 1,400 locations by the end of the fiscal year.

NLC India: By 2029–2030, the business hopes to have a mining capacity of one million metric tons yearly, enabling itself to capitalize on the crucial minerals industry. This action is in line with the rising need for vital minerals for wind and solar energy installations. By 2030, the firm hopes to increase its capacity for renewable energy from 1,431 MW to 10,110 MW, a considerable increase.

REC: The government-owned business issued green dollar bonds to finance $500 million for renewable energy initiatives. September 27, 2029, is the date of maturity for the bonds.

Zydus Lifesciences: The US FDA has given the business permission to produce generic Enzalutamide capsules, a medication used to treat prostate cancer. The medicine brought in around $869.4 million in sales to the US market per year.

Biocon: Following an examination of its Bengaluru API plant, the US FDA made four observations to the business. The firm does not foresee any negative effects on business and intends to resolve these results.

Larsen & Toubro: By purchasing land and improving pre-sales, L&T intends to grow its real estate business. The business wants to concentrate on high-end homes while expanding its inventory considerably.

Sterling and Wilson Renewable Energy: For over Rs 1,040 crore, Shapoorji Pallonji and Khurshed Yazdi Daruvala sold a 7.14 percent interest in the company.

GMR Airports: Manba Finance (Mainline) and two SME firms, WOL 3D India and Rappid Valves, will list as initial public offerings (IPOs) on the stock markets today.

GMR Airports: After the Center and AAI closed their curative petitions, the Supreme Court’s recent ruling permits GMR Airports to continue running Nagpur’s Babasaheb Ambedkar International Airport.

Alkem Laboratories: The pharmaceutical business has denied rumors that its medications, Clavam 625 and Pan-D, failed CDSCO quality testing. The corporation claims that the tested samples weren’t made by them and were fake.

IndusInd Bank: Subject to RBI clearance, the board of the bank accepted Sumant Kathpalia’s reappointment as MD and CEO for a three-year term. His main priorities have been growing retail deposits and fortifying the bank’s balance sheet.

Tamilnad Mercantile Bank: The bank is creating hubs for SMEs and new branch openings as part of a plan to expand its MSME portfolio. To improve its approach, the bank is collaborating with McCinsey.

Zomato: Akriti Chopra, the Chief People Officer and co-founder of the firm, has left her position.