Stocks To Watch Today: Bank Of Maharashtra, NTPC Green, Axis Bank, RailTel And More

Several stocks are expected to remain in focus on Wednesday after companies announced fundraising plans, project wins, acquisitions and debt issuances following Tuesday’s market hours. Bank of Maharashtra, NTPC Green Energy, Axis Bank, RailTel, Max Healthcare and DCM Shriram are among the companies that reported significant developments.

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Bank Of Maharashtra Plans ₹7,500 Crore Fund Raise

Bank of Maharashtra said its board will consider raising up to ₹7,500 crore through various equity capital instruments. The proposed fundraising is aimed at supporting the bank’s future capital requirements, subject to necessary approvals.

NTPC Green Energy Subsidiary Wins Wind Project

NTPC Green Energy said its subsidiary, Ayana Renewable Power, secured a 193 MW wind power project in an auction conducted by MPPMCL. The project was awarded at a tariff of ₹4.17 per unit and is expected to strengthen the company’s renewable energy portfolio.

Axis Bank Raises Funds Through Overseas Notes

Axis Bank announced the allotment of debt securities under its $5 billion Global Medium Term Note Programme. The bank issued $500 million of 6.875% Additional Tier-1 Notes and $300 million of 5.348% Senior Notes.

RailTel Bags ₹107.60 Crore Order

RailTel Corporation of India received a work order worth ₹107.60 crore from Mahanadi Coalfields Limited. The contract involves setting up a Multiprotocol Label Switching Virtual Private Network (MPLS VPN) on a rental basis for 60 months.

Max Healthcare Expands Pune Presence

Max Healthcare Institute acquired 100% voting rights and a 50.22% economic interest in Yerawada Properties Pvt Ltd, making it a subsidiary. The acquisition forms part of the company’s plan to establish a 450-bed super-speciality hospital in Pune.

Other Corporate Developments

Muthoot Microfin approved the issuance of non-convertible debentures worth up to ₹3,000 crore through private placement and up to ₹1,000 crore through a public issue during FY27.

Rane (Madras) entered into an agreement with Hindustan Composites Ltd to acquire its friction business for an enterprise value of ₹370 crore. Power Finance Corporation transferred Kakinada I Transmission Ltd, a special purpose vehicle, to Power Grid Corporation of India for ₹20.51 crore for the Kakinada green hydrogen and ammonia transmission project.

Newgen Software Technologies received and accepted a Letter of Award for a retail loan origination solution contract valued at $1.71 million. DCM Shriram approved a definitive agreement to acquire the entire equity share capital of four companies engaged in manufacturing and selling industrial salt.

H.G. Infra Engineering completed the acquisition of 100% equity in WR ER Part C Power Transmission Ltd from REC Power Development and Consultancy for implementing an awarded transmission project.

IPO Listings Scheduled

Shares of Waterways Leisure Tourism Ltd. and Advit Jewels Ltd. are scheduled to list on the exchanges on Wednesday, making them stocks to watch alongside companies that announced key corporate developments after market hours.