“We recommend adopting a cautious approach—focusing on fundamentally strong stocks while avoiding aggressive directional bets until clearer signals emerge,” said Ajit Mishra – SVP, Research, Religare Broking.
In today’s trade, shares of Tata Motors, Waaree Energies, HDFC Bank, Anant Raj, Oil India among others will be in focus due to various news developments.
Waaree Energies
A US investigation into potential solar tariff evasion will not impact Waaree Energies’ investment plans, including the expansion of its Texas facility and exploration of setting up a solar cell manufacturing capability in the high-growth, strategic US market, the company said. US customs officials last week launched an investigation into whether Waaree bypassed tariffs on Chinese-made solar cells and panels by falsely labelling them as manufactured in India.
Glenmark, Sun Pharma
Domestic drugmakers Glenmark, Granules India, Sun Pharma, Zydus and Unichem are recalling products in the US market for various manufacturing issues, according to the US Food and Drug Administration (USFDA). The drugmakers are voluntarily recalling affected lots in the American market, the US health regulator said in its latest Enforcement Report.
NTPC
State-owned NTPC will appoint a consultant to identify uranium mines overseas after signing a formal agreement with Uranium Corporation of India Ltd (UCIL), a company official said. The move will be part of the company’s plan to secure raw material for its future nuclear projects to be set up on individual basis.HDFC Bank
HDFC Bank said that its Dubai International Financial Centre (DIFC) branch has received a decision notice from the Dubai Financial Services Authority (DFSA), restricting it from onboarding or soliciting new clients. According to the notice, the DIFC branch has been prohibited from engaging in financial services for new clients, including advising on financial products, arranging deals in investments, arranging credit, and providing custody services.IndusInd Bank
Gobind Jain, whistleblower and former chief financial officer, IndusInd Bank, has told Mumbai’s Economic Offences Wing (EoW) that accounting irregularities in the bank’s derivatives portfolio date back to 2015, and that the then board, senior management and former finance chief SV Zaregaonkar were aware of the issue.
LIC
Life Insurance Corporation of India drew over Rs 1,100 crore of inflows on the first day after the goods and services tax (GST) was scrapped on individual traditional life insurance policies, ET reported. This compares with Rs5,000 crore of monthly premium income from retail policyholders in August this year.
Tata Motors
Tata Motors announced the appointment of Shailesh Chandra as Additional Director, Managing Director and CEO, effective October 1 for a three-year term. Chandra will continue to lead Tata Passenger Electric Mobility, the company’s wholly-owned EV subsidiary, following the resignation of P B Balaji as Group CEO.
Oil India
Oil India (OIL), a Maharatna company under the Ministry of Petroleum and Natural Gas reported the occurrence of natural gas in its second exploratory well drilled in the Andaman Shallow Offshore Block, marking a significant step in its ongoing exploration campaign.
Tata Power
Tata Power Renewable Energy Ltd (TPREL) has signed an agreement with public lender Bank of Baroda to offer financing solutions to MSMEs and Commercial & Industrial (C&I) units for solar equipment and projects. Under this partnership, Bank of Baroda will extend financial assistance to borrowers purchasing solar equipment and projects.
HUL
Hindustan Unilever, India’s largest consumer goods company, said it expects near-flat to low single-digit growth in the September quarter due to temporary disruptions across its distribution network caused by the goods and service tax (GST) rate cuts.
Anant Raj
Real estate developer Anant Raj expects revenue from its data centre and cloud services business to increase to about Rs 1,200 crore by 2026-27 and scale up to nearly $1 billion (Rs 8,870 crore) by 2031-32 as India is expected to lead the data centre demand in the Asia-Pacific region, said its managing director Amit Sarin.
BirlaSoft
Birlasoft re-appointed Angan Guha as CEO and MD of the company for a further period of 2 years starting from December 1.
as a Reliable and Trusted News SourceGodrej Agrovet
Godrej Agrovet signed an MoU with MoFPI to set up manufacturing facility with estimated investment of Rs 960 crore