Stocks To Watch Today: Tata Capital, Cochin Shipyard, Indian Overseas Bank, Dilip Buildcon And More

Several stocks are likely to remain in focus on Wednesday following key corporate announcements made after Tuesday’s market session. Developments related to fundraising, debt repayment, project execution and stake sales could influence Tata Capital share price, Cochin Shipyard share price and Indian Overseas Bank share price during the day.

Invest in Indian Markets and Unlock Future Potential With 5paisa!

Open Account Now

Key Corporate Updates

Tata Capital allotted secured redeemable non-convertible debentures worth ₹1,000 crore through a private placement. The bonds carry an 8.15% coupon rate and will mature on June 11, 2029. The issue has been rated AAA/Stable by CRISIL and ICRA.

Cochin Shipyard saw the government exercise the oversubscription option in its Offer for Sale, increasing the issue size to 1.33 crore shares, or a 5.04% stake, from 66.30 lakh shares earlier. Retail investors have been allocated 10% of the offer.

Indian Overseas Bank shareholders approved raising up to ₹5,000 crore through equity capital. They also extended the tenure of Managing Director and CEO Ajay Kumar Srivastava until October 8, 2027.

Dilip Buildcon reported a landslide at its Anakkampoyil-Kalladi-Meppadi tunnel project in Wayanad following heavy rainfall and said it is cooperating with rescue and investigation authorities.

Other Stocks in Focus

Ceigall India received appointed dates for three HAM road projects worth a combined ₹4,050 crore, enabling construction work to begin.

IdeaForge Technology opened its Qualified Institutional Placement (QIP) on July 7 with a floor price of ₹835.86 per share and may offer a discount of up to 5%.

Restaurant Brands Asia completed a change in control after the Lenexis Foodworks-led investor group invested ₹2,235 crore, acquiring a 41.78% stake that could rise to 48.04% after warrant conversion.

PC Jeweller said it has repaid all outstanding dues covered under its September 2024 settlement with two consortium banks and expects to become debt-free this quarter.

NTPC Green Energy will issue ₹2,500 crore worth of unsecured non-convertible debentures through private placement on July 9 to fund capital expenditure, refinancing and investments in subsidiaries and joint ventures.

L&T Finance allotted ₹1,000 crore worth of non-convertible debentures through private placement, while Heritage Foods clarified that the use of the word “Fresh” in its branding does not refer to product quality or safety standards.

IPO Listing

Knack Packaging Ltd. is scheduled to list on the stock exchanges. The company manufactures printed and laminated woven polypropylene packaging products for domestic and export markets.