Summary:
HDFC Bank, Yes Bank, Axis Bank, Sterling & Wilson Renewable Energy, SIS, and Engineers India are among the key stocks to watch today following major corporate announcements. Key developments include leadership changes, fundraising plans, a ₹120 crore buyback, a $560 million overseas solar project, and strategic partnerships. Investors will track these company-specific updates for their potential impact on stock performance.
A number of stocks may continue to be under the scanner in the coming trading session in light of several corporate events involving them such as appointments to the board, fund raising, orders, acquisition and change in management. These stocks include HDFC Bank, Yes Bank, Axis Bank, Sterling and Wilson Renewable Energy, SIS and Engineers India.
HDFC Bank, Axis Bank and Bandhan Bank in Spotlight
With the board of HDFC Bank taking the decision to appoint Rajiv Kumar as an Additional Director (Independent Director) for a period of four years starting from June 30, the bank is going to be under close watch.
The private bank has also taken the decision to appoint Puneet Sharma, who was earlier serving as the CFO of Axis Bank, as the Chief Financial Officer-Designate of the bank starting from September 1, 2026. He will be assuming charge as the bank's Chief Financial Officer starting from December 1.
While on one hand, HDFC Bank has appointed Puneet Sharma as its Chief Financial Officer, on the other hand, Puneet Sharma has stepped down as CFO of Axis Bank as of August 31 to move on to the next chapter of his professional life.
There was another important appointment made by Bandhan Bank when its Chief Financial Officer Rajeev Mantri quit his job. His resignation as CFO will come into effect from September 25.
Yes Bank Plans Fundraising; SIS Approves Buyback
The Yes Bank board approved the issue of up to ₹7,500 crore by issuing equity securities and also up to ₹8,500 crore by issuing debt securities, making its capital raise plan stronger.
Security and Intelligence Services (SIS) approved a share buyback up to ₹120 crore. This is a fifth share repurchase program that the firm has announced since it came into the stock exchange in August 2017.
Engineers India, RITES and CONCOR Announce Key Developments
Engineers India said Atul Gupta, Director (Commercial), has taken over as the Chairman and Managing Director of the company following his appointment by the Ministry of Petroleum and Natural Gas effective June 29.
RITES entered into a MoU with Container Corporation of India (CONCOR) to offer project management consultancy services together. The agreement would include projects from conception through commissioning for the development and upgrading of CONCOR's terminals and associated infrastructure.
Sterling and Wilson Renewable Energy Secures Major Overseas Order
The Sterling and Wilson Renewable Energy Company, via its joint venture with the Hassan Allam Construction, which operates at 50/50 ratio, bagged an order valued about $560 million for the West Minya Solar Power Project located in the Egyptian governorate of Minya. The order is considered to be huge and international in nature.
Other Stocks to Watch
Afcons Infrastructure has declared a final dividend of ₹2 per share for the financial year ending FY2025-26 and has declared July 23 as the record date for deciding the eligible shareholders, which is yet to be approved at its AGM.
Crest Ventures, through its wholly owned subsidiary, Sutlej Housing, has signed an agreement for cluster redevelopment project in Dadar, Mumbai, with Prafulla Co-operative Housing Society.
Juniper Hotels informed that its Chief Financial Officer, Tarun Jaitly will resign from his post on July 15 in search of new opportunities.
Jagsonpal Pharmaceuticals has entered into a definitive agreement to buy 85% shares in Aequitas Healthcare of Mumbai for ₹20.8 crore, expanding its pharmaceutical operations.
SJVN has signed Power Purchase Agreements with Gujarat Urja Vikas Nigam Ltd (GUVNL) for power from three proposed hydro projects of Himachal Pradesh, including 66 MW Dhaulasidh, 210 MW Luhri Stage-I and 382 MW Sunni Dam.
