Swiggy, Indian Hotels, Yes Bank, HCL Tech, Tata Motors, Bajaj Electricals, Torrent Power, Torrent Pharma, and Mazagon Dock are among the key stocks to watch in today’s trade. Check major corporate updates here.
Market Overview
As Indian stock markets open for trade today, several corporate updates are likely to drive investor sentiment. From stake sales and fresh acquisitions to global partnerships and expansion plans, multiple companies have made headlines with significant announcements. Here’s a closer look at the top stocks to watch today.
Swiggy: Big Move in Rapido
Food delivery giant Swiggy has approved the divestment of its stake in bike-taxi platform Rapido through two separate deals worth ₹2,399 crore. The decision comes at a time when Swiggy is sharpening its focus on strengthening its core food delivery and quick-commerce business.
Tata Motors: JLR Faces Extended Production Halt
Tata Motors remains in the spotlight after its UK-based luxury unit Jaguar Land Rover (JLR) announced an extension of its production shutdown. The halt, now prolonged until October 1, 2025, follows a major cybersecurity breach on September 2 that disrupted operations. The incident has raised concerns over production delays and delivery schedules.
Indian Hotels: New Expansion in Andhra Pradesh
Indian Hotels Company Ltd (IHCL), the Tata Group hospitality arm, has signed a deal to set up a 310-room Taj hotel in Visakhapatnam, Andhra Pradesh. The move underscores IHCL’s expansion drive, tapping into the rising demand for premium hospitality services across India’s fast-growing tier-II cities.
Bajaj Electricals: Acquires Morphy Richards
Consumer durables major Bajaj Electricals has cleared a proposal to acquire the Morphy Richards brand along with its associated intellectual property rights. The ₹146 crore deal has been struck with Ireland-based Glen Electric, a subsidiary of the Glen Dimplex Group. This acquisition is expected to boost Bajaj’s presence in the premium appliances market.
Yes Bank: SMBC Raises Stake
In a significant development for the banking sector, Yes Bank announced that Japan’s Sumitomo Mitsui Banking Corporation (SMBC) has increased its shareholding by 4.22%. The fresh capital infusion highlights global investor confidence in Yes Bank’s turnaround strategy and long-term growth prospects.
Torrent Power: Expands with New Acquisitions
Ahmedabad-based Torrent Power revealed that it has acquired stakes in Newzone India Pvt Ltd (NZIPL) and Newzone Power Projects Pvt Ltd (NZPPPL) for a combined value of ₹211 crore. The acquisition is expected to strengthen Torrent Power’s position in India’s renewable and conventional energy segments.
HCL Technologies: Strengthens Global Partnership
Global IT major HCL Technologies has extended its long-term partnership with a Sweden-based commercial vehicle manufacturer. The collaboration will focus on providing AI-driven digital foundation services to accelerate digital transformation in the automobile industry.
Torrent Pharma: Acquisition Approved
Pharmaceutical player Torrent Pharma has received clearance from the Competition Commission of South Africa for acquiring a majority stake in JB Chemicals & Pharmaceuticals from private equity firm KKR. The acquisition marks Torrent’s deeper foray into the global pharma space.
Mazagon Dock: MoU for Greenfield Shipyard
Mazagon Dock Shipbuilders (MDL) has signed an MoU with Guidance Tamil Nadu to explore the establishment of a world-class greenfield shipyard along India’s eastern coastline. The project, if executed, could significantly enhance India’s shipbuilding capabilities.
Investor Caution
While these updates provide crucial insights into the corporate landscape, analysts urge investors to exercise caution. Market movements can be volatile, and investment decisions should be based on professional financial advice.
Summary
Today’s trade is expected to witness strong action in stocks such as Swiggy, Tata Motors, Indian Hotels, Bajaj Electricals, Yes Bank, Torrent Power, HCL Tech, Torrent Pharma, and Mazagon Dock. From expansion strategies to global partnerships and acquisitions, these companies are shaping up as key market movers.
Disclaimer: This article is for informational purposes only. It does not constitute investment advice. Investors are advised to consult certified financial experts before making any decisions.