Indian Equities Watchlist: Major Contracts, Bank Moves & Energy Push
- Protean eGov Tech bags Rs 1,160 crore UIDAI order; Tata Motors gets NCLT nod for scheme.
- Rajiv Anand takes charge as IndusInd Bank CEO, Paytm approves Rs 455 crore fresh investments.
- BPCL plans new refinery in Andhra Pradesh, LIC reclassified as public shareholder in IDBI Bank.
Indian stock markets started the week on a strong note, with benchmark indices gaining nearly half a percent on Monday, supported by positive global trends. In today’s session, several stocks are likely to remain active due to company-specific developments.
Protean eGov Tech: Protean eGov Technologies has bagged a major work order worth about Rs 1,160 crore from the Unique Identification Authority of India (UIDAI). This win could boost its revenues and strengthen its position in the digital governance space.
IndusInd Bank: The private lender announced that veteran banker Rajiv Anand has formally taken charge as Chief Executive Officer. With this appointment, the bank has dissolved its interim management committee, signaling stronger leadership stability.
Vodafone Idea: Telecom Minister of State Chandra Sekhar Pemmasani clarified that the government has no plans to extend any relief to Vodafone Idea on its adjusted gross revenue (AGR) dues, which may impact the stock’s sentiment.
BPCL: Bharat Petroleum Corporation Ltd is exploring the setup of a new greenfield oil refinery and petrochemical complex near Ramayapatnam Port in Andhra Pradesh. The move is aimed at catering to India’s fast-growing energy demand.
Paytm: Paytm’s Board has approved fresh investments of Rs 300 crore in its subsidiary Paytm Money and Rs 155 crore in Paytm Services through a rights issue. This investment is expected to strengthen its financial services play.
IREDA: The Indian Renewable Energy Development Agency (IREDA) has signed a performance-based MoU with the Ministry of New and Renewable Energy and set a revenue target of Rs 8,200 crore for FY26, highlighting its growth ambitions.
Tata Motors: The National Company Law Tribunal (NCLT), Mumbai Bench, has approved Tata Motors’ Composite Scheme of Arrangement, which may help streamline its business structure.
Sai Life Sciences: Reports suggest that TGP Asia is planning to sell up to 14.72% stake, equal to 3.07 crore shares, in Sai Life Sciences through a block deal.
LIC / IDBI Bank: SEBI has cleared the reclassification of LIC as a public shareholder in IDBI Bank, a key step in the government’s strategic divestment plan.
RailTel Corporation: The PSU said it expects steady growth in its telecom services business, with faster expansion likely in its projects segment.
