Stocks to Watch Today, 9th April 2025: NTPC, BPCL, VI, Concord Biotech, and more

The Indian equity markets are at an interesting place today as investors look forward to the Reserve Bank of India's (RBI) monetary policy decision later today. This comes after a good recovery on Tuesday, with both the Sensex and Nifty having made good gains—benefiting from good global market sentiment with countries engaging in bilateral talks with the US, which also helped boost investor confidence. Despite this rebound, early indicators point to a potentially subdued opening as markets brace for the RBI’s announcement.

Key Stocks in Focus

NTPC has announced the commissioning of commercial operations for an additional 90 MW capacity at its Dayapar Wind Energy Project Phase-I in Bhuj, Gujarat. This additional capacity takes the installed and running capacity of the NTPC group to 80,020 MW. 

NTPC Green Energy: Adding strength to its green energy efforts, NTPC Green Energy has formed a joint venture with Mahatma Phule Renewable Energy and Infrastructure Technology (MAHAPREIT), called NTPC-MAHAPREIT Green Energy, with a 74:26 stakeholding. This new company will work on setting up renewable energy parks in Maharashtra and other states of India.

Bharat Petroleum Corporation Ltd (BPCL) has concluded a partnership with Sembcorp Green Hydrogen, a group company of Sembcorp Industries. The two companies will form a 50:50 joint venture to undertake renewable energy and green hydrogen initiatives across India. 

Adani Wilmar: In the fast-moving consumer goods (FMCG) sector, Adani Wilmar, a subsidiary of the Adani Group, will formally rename itself AWL Agri Business Limited from 16th April.

Vodafone Idea (VI) in the limelight with the issuance of a huge 3,695 crore equity shares to the Indian government worth ₹36,950 crore. The huge share issue makes the government the largest shareholder in the company with 48.99%. This is part of a large debt restructuring exercise.

GAIL India, the state-owned gas transmission and marketing firm, has established a wholly owned subsidiary named GAIL Global IFSC within the International Financial Services Centre (IFSC) at GIFT City in Gujarat. This new entity will function as a finance firm operating from GIFT City. 

Concord Biotech has obtained final clearance from the US Food and Drug Administration (US FDA) for its abbreviated new drug application (ANDA) for Teriflunomide tablets (7 mg and 14 mg). The company has launched the tablets for treatment of relapsing forms of multiple sclerosis, and this launch is a huge milestone for the company in the US market of size $402 million, and the global market is $908 million.

Cyient has announced it is launching a new fully-owned unit, Cyient Semiconductors, marking its official foray into the semiconductor domain. 

PNB Housing Finance: The business head of its affordable housing unit Anujai Saxena resigned on 8th April. 

Bandhan Bank, a private sector bank, has unveiled an exclusive savings account tailored for high‑net‑worth individuals, complete with a suite of premium benefits.

Sasken Technologies sanctioned the acquisition of a 100% interest in BORQS International Holding Corp., and its specified wholly-owned subsidiaries, for an aggregate consideration of ₹338 Crore (USD 40 Million). 

Hindustan Aeronautics has had its Chairman & Managing Director, D K Sunil, assigned additional charge of the position of Director (Engineering and R&D) for another month, with effect from today. 

IRB Infrastructure Developers posted a 15.8 per cent year-over-year rise in toll collections for March to ₹556.8 crore, with full-year FY25 toll revenue up by 23 per cent to ₹6,360 crore. 

NBCC (India) has received new orders of ₹120.90 Crore and formed a strategic alliance with RailTel for development of data centre infrastructure.

Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.

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