stocks to watch, PNC Infratech, RCF, Britannia Industries, GTPL Hathway, Vedanta, Adani Enterprises, RAIN Industries, Craftsman Automation, GR Infraprojects, Star Health Insurance and more, these are the stocks to watch for today.

PNC Infratech | Infrastructure company said it has been declared the lowest (L1) bidder by the City & Industrial Development Corporation of Maharashtra Ltd (CIDCO) for an engineering, procurement, and construction project. The project involves the integrated infrastructure development of roads that are 20 metres wide and above, along with the construction of various structures such as flyovers, minor bridges, and allied electrical works, including street lighting, under the NAINA project.

RCF | State-owned company said its board of directors has approved a purchase order with Larsen & Toubro Ltd for the establishment of a 1200 MTPD (DAP basis) complex fertiliser plant at its Thal facility. The project will be executed on a lump-sum turn-key (LSTK) basis and is valued at approximately ₹1,000.27 crore, excluding GST. The construction timeline for the plant is set for 27 months.

Britannia Industries | Bakery foods company and Bel Group announced the opening of a new cheese manufacturing plant in Ranjangaon, Maharashtra, as part of their joint venture, Britannia Bel Foods. This facility will produce Britannia The Laughing Cow cheese products locally, catering to the increasing demand for high-quality cheese among Indian consumers.

GTPL Hathway | Digital cable TV and broadband service provider reported a 62.9% year-on-year (YoY) drop in net profit at ₹12.7 crore for the second quarter that ended September 30, 2024. In the corresponding quarter of the previous fiscal, GTPL Hathway posted a net profit of ₹34.2 crore. The company’s revenue from operations increased 9.8% to ₹855.6 crore against ₹779.2 crore in the corresponding period of the preceding fiscal.

Vedanta | Anil Agarwal-owned mining conglomerate cancelled its board meeting for the second day in a row on Wednesday, October 9, during which the company’s board was to mull a fourth interim dividend for financial year 2025 for its shareholders. Vedanta attributed “unforeseen circumstances” as the reason behind the cancellation of the board meeting on Wednesday as well.

Adani Enterprises | The flagship company of Adani conglomerate announced the launch of its qualified institutional placement (QIP) following board and shareholder approval. The total size of the QIP is projected at ₹4,200 crore, sources privy to the developments told CNBC-TV18. The QIP is being offered at an indicative price of ₹2,962 per share, reflecting a discount of 6.08% to the recent closing price and a 5% to SEBI-prescribed floor price.

RAIN Industries | The company said Northern Graphite Corporation and RAIN Carbon Inc have signed a Joint Development Agreement (JDA) to collaboratively develop and commercialise advanced battery anode materials (BAM) for lithium-ion batteries, targeting the electric vehicle (EV) market. RAIN Carbon Inc. is a wholly owned subsidiary of RAIN Industries Ltd.

Craftsman Automation | Auto component maker said it has acquired a 100% stake in Sunbeam Lightweighting Solutions Private Ltd for ₹376 crore. The transaction included the purchase of all Sunbeam securities and an investment in optionally convertible debentures (OCDs) of Sunbeam. Following an initial investment of ₹136 crore on October 7, 2024, Craftsman completed the purchase on October 9 and subsequently subscribed to an additional 24 crore OCDs, valued at ₹240 crore.

GR Infraprojects | Infrastructure company said it has been awarded a ₹903.5 crore contract from the Maharashtra Metro Rail Corporation Ltd for the design and construction of an elevated metro viaduct in Nagpur. The project spans 17.6 kilometres and includes special railway spans of 79 and 100 metres each.

Star Health Insurance | Policyholder data leaked by Anonymous Hackers, who claim data of over 3 crore customers leaked. Hackers claim that Star Health CISO Amarjeet Khanuja sold the data to them. Star Health said they were victims of a targeted Malicious Cyberattack, resulting in unauthorised and illegal access to certain data. Operations remain unaffected. No wrongdoing has been arrived at by CISO to date.

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First Published: Oct 9, 2024 7:47 PM IST