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From Asian Paints, Reliance Industries, TCS to Biocon - Here are 8 stocks to watch - Market News | The Financial Express

Published 2 weeks ago3 minute read

The Iran-Israel conflict enters Day 3. The GIFT Nifty indicates that the Indian stock markets will likely open on a flat note. If you’re unsure which stock to focus on in Tuesday’s trade, surrounded by global as well as domestic news. Here are updates on all the stocks making headlines. You can check these stocks to stay informed about all the key developments.

Earlier on Monday, the NSE Nifty 50 closed the session 228 points or 0.92% higher at 24,947, while the BSE Sensex surged 678 points or 0.84% to close at 81,796.

Asian Paints MD & CEO Amit Syngle has said that the growing competition in the sector is intensifying pricing pressure and putting further strain on profitability across segments. The paints major, which closed FY25, with a consolidated revenue of Rs 33,855 crore and a net profit of Rs 3,619 crore, down 4.5% and 29%, respectively, versus the previous year, would step up its efforts to protect market share, he said in the firm’s latest annual report (for FY25).

In another bulk deal, Reliance Industries has sold 85 lakh shares in Asian Paints through its affiliated company, Siddhant Commercials. The transaction is valued at Rs 1876 crore. This is the second time in less than a week’s period that the company has offloaded a big part of the Asian Paints shares in a bulk deal.

The promoters of Zee Entertainment will hike their shareholding in the company from nearly 4% to 18.39% by investing Rs 2,237 crore in a preferential issue of 169.5 million fully convertible warrants. According to an exchange filing, the move aims to strengthen the company’s financial foundation and support its strategic growth plans in content and technology.

Raymond Group is looking to nearly double its topline from its soon-to-be-listed real estate company to Rs 4,000 crore over the next five years. “We are looking at a topline growth of 15% and Ebitda (earnings before interest, taxes, depreciation and amortisation) growth of 25% every year,” chairman and managing director Gautam Singhania said in an interaction with FE.

Tata Consultancy Services has signed multiple partnerships with European companies. While it has a partnership with the Council of Europe Development Bank (CEB) to streamline the bank’s complex transactions, it has signed another partnership deal with Denmark’s Salling Group to drive the digital transformation of its 2100 stores.

Lupin has signed a license and supply agreement with the Chinese pharmaceutical company Sino Universal Pharmaceuticals. The company is working towards selling Tiotropium Dry Powder Inhaler (DPI), 18 mcg capsule in the Chinese market. While the Sino Universal Pharmaceuticals will get the necessary regulatory approval from the Chinese authorities, Lupin will be responsible for manufacturing the medicine and will be the Marketing Authorisation Holder.

Jindal Steel and Power (JSPL) announced that its board of directors has approved a proposal to change the company’s name to Jindal Steel Limited, subject to necessary approvals from shareholders and statutory authorities. The rebranding move is aimed at aligning the company’s identity more closely with its core business focus on steel manufacturing.

Biocon launched its Qualified Institutional Placement (QIP) issue on Monday to raise Rs 4,500 crore, with the floor price set at Rs 340.20 per share, as per the pricing formula under SEBI regulations. The company may offer up to a 5% discount on this floor price while finalising the issue price in consultation with book-running lead managers. CNBCTV18 reported, citing sources, that the indicative price for the block deal is Rs 323.20 per share, reflecting a discount of up to 9.53% on the current market price.

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