Big Announcements Across Sectors Spark Investor Watchlist Today
- Swiggy exits Rapido, Bajaj Electricals buys Morphy Richards, Torrent Pharma gets South Africa’s nod for JB Chemicals.
- Indian Hotels signs Taj in Vizag, Dilip Buildcon wins Rs 1,115 crore Kerala project, Mazagon Dock plans new shipyard.
- Tata’s JLR extends shutdown, Yes Bank stake rises with SMBC, HCL Tech extends AI partnership.
Indian equity markets are likely to see action in several counters today as corporate announcements and business updates keep investor sentiment buzzing. Here’s a quick look at the stocks that may remain in focus during today’s trade.
Swiggy: The food delivery platform has approved the divestment of its stake in bike-taxi operator Rapido. The sale, spread across two separate deals, is valued at Rs 2,399 crore.
Tata Motors: Jaguar Land Rover (JLR), owned by Tata Motors, has extended its production shutdown until October 1, 2025. The halt follows a cybersecurity incident on September 2 that disrupted operations.
Indian Hotels: The Tata Group’s hospitality arm, Indian Hotels Company Ltd (IHCL), has signed an agreement to open a 310-room Taj hotel in Visakhapatnam, Andhra Pradesh, further expanding its luxury portfolio.
Bajaj Electricals: The company will acquire the Morphy Richards brand along with its intellectual property rights from Ireland-based Glen Electric for Rs 146 crore.
Yes Bank: Japan’s Sumitomo Mitsui Banking Corporation (SMBC) has increased its holding in Yes Bank by another 4.22%, reflecting growing foreign interest in the lender.
Torrent Power: The company has acquired shares of Newzone India Pvt Ltd and Newzone Power Projects Pvt Ltd for a combined value of Rs 211 crore.
HCL Technologies: The IT services giant has extended its long-term partnership with a Sweden-based commercial vehicle maker, focusing on AI-driven digital transformation services.
Torrent Pharma: The Competition Commission of South Africa has cleared Torrent Pharma’s majority acquisition of JB Chemicals & Pharmaceuticals from private equity firm KKR.
Mazagon Dock: The shipbuilder has signed an MoU with Guidance Tamil Nadu to explore building a greenfield shipyard along India’s eastern coast.
Dilip Buildcon: The infrastructure company has emerged as the lowest bidder for a Rs 1,115 crore industrial corridor project in Kerala.
