Stocks to Watch Today, September 2: Indian stocks are likely to remain in focus on Wednesday as investors track a mix of corporate developments, regulatory actions and operational updates. EPL Ltd will be watched after Blackstone exited its entire stake for Rs 2,032 crore, while Coal India reported a 5.7 per cent year-on-year decline in August production.
Jubilant Pharmova faces a GST demand of Rs 87.31 crore, including tax, interest and penalty. Reliance Industries will be in focus after its consumer products arm entered the ice cream market. HDFC Bank, BHEL, Indian Hotels, United Breweries, NMDC, Vedanta Oil and Gas, Welspun Corp and Prime Focus also have company-specific triggers.
Here’s the list of stocks to watch in today’s trading session:
| Stocks in focus | Why in focus |
| EPL Ltd | Blackstone exits entire 26.38% stake for Rs 2,032 crore |
| Coal India | August production falls 5.7% YoY to 47.5 MT |
| Jubilant Pharmova | GST authority demands Rs 87.31 crore for FY23 |
| BHEL | Pays Rs 283.56 crore final dividend to government |
| Reliance Industries | RCPL enters ice cream market with Bombay Creamery |
| Indian Hotels Company | Signs 104-key Gateway hotel in Agartala |
| United Breweries | Premium brands drive positive Q2 demand momentum |
| Vedanta Oil and Gas | Partners with Beicip-Franlab to boost Northeast exploration |
| Prime Focus | To consider fund raise through equity, debt, NCDs |
| HDFC Bank | To exercise call option on Rs 739 crore Tier 1 note |
| Welspun Corp | Signs MoU with Jordan government with Perma-Pipe |
| NMDC | August iron ore sales rise 5.6% YoY to 3.58 MT |
Blackstone exits entire 26.38 per cent stake
The Blackstone Group exited EPL Ltd by divesting its entire 26.38 per cent stake for Rs 2,032 crore through an open-market transaction on Tuesday.
August production falls 5.7 per cent YoY
Coal India’s production declined 5.7 per cent to 47.5 million tonnes in August from 50.4 million tonnes a year earlier, according to provisional company data.
GST authority demands Rs 87.31 crore
Jubilant Pharmova received a GST show-cause notice from the Mysore authority demanding Rs 87.31 crore, including tax, interest and penalty, for FY23.
BHEL
Pays Rs 283.56 crore final dividend to government
BHEL paid a final dividend of Rs 283.56 crore for FY26 to the government, the state-owned engineering company said on Tuesday.
RCPL enters ice cream market
Reliance Consumer Products, a Reliance Industries subsidiary, announced its entry into the ice cream market with the Bombay Creamery brand.
Signs 104-key Gateway hotel in Agartala
Indian Hotels Company signed a 104-key Gateway-branded hotel in Agartala, Tripura, expanding the Tata Group company’s presence in the Northeast.
Premium brands drive Q2 demand
United Breweries continues to see positive demand momentum in the first two months of Q2, driven by growth in premium brands, CEO Vivek Gupta said.
Partners with Beicip-Franlab
Vedanta Oil and Gas partnered with Beicip-Franlab India to accelerate exploration, resource maturation and production growth in the Northeast.
To consider fund raise on September 4
Prime Focus will consider raising funds through equity, debt and non-convertible debentures (NCDs) at its board meeting on September 4.
To exercise call option on Rs 739 crore Tier 1 note
HDFC Bank will exercise a call option for a Rs 739 crore Additional Tier 1 note, according to an exchange filing.
Signs MoU with Jordan government
Welspun Corp and Perma-Pipe International Holdings signed a memorandum of understanding with the Government of Jordan.
NMDC
August iron ore sales rise 5.6 per cent YoY
NMDC’s provisional iron ore sales rose 5.6 per cent year-on-year to 3.58 million tonnes in August from 3.39 million tonnes a year earlier.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
