State Bank of India, JSW Energy, Graphite India, NALCO, NLC India, TVS Motor, Indian Oil and HFCL are among the key stocks to watch today following major corporate developments. Highlights include SBI Funds Management's IPO, JSW Energy's renewable capacity expansion, the NALCO-NLC India power joint venture, TVS Motor's partnership with Indian Oil, and HFCL's AI-focused optical connectivity brand launch. These announcements are expected to keep the stocks in focus during today's trading session.
There are several stocks that will see investor interest because of certain happenings within these firms from the time of listing, renewable energy initiatives, mergers, and more. The State Bank of India, JSW Energy Limited, Graphite India, NALCO, NLC India, TVS Motor Company, Indian Oil Corporation, and HFCL may continue to attract investor interest.
State Bank of India in Focus on SBI Funds Management IPO
The Red Herring prospectus for the public offering of State Bank of India’s asset management subsidiary, SBI Funds Management, has been filed. The IPO is completely an OFS (offer for sale) of 20.37 crore shares from the promoters State Bank of India and Amundi India Holding.
As per the deal, State Bank of India would be selling out 6.3% of its holdings while Amundi India Holding would be selling out 3.7% of its holdings. The IPO has been issued at a price band of Rs. 545 to Rs. 574 per share.
JSW Energy Strengthens Renewable Portfolio
JSW Energy has informed that it has commissioned 1,081 MW of renewable energy capacity from April 2026 onwards. With this new commissioning, the total installed capacity of power generated by the company now stands at 14,535 MW.
The projects that have been commissioned comprise 442 MW of solar power, 108 MW of wind energy, 381 MW of hybrid plants and 150 MW of hydro power capacity.
Graphite India to Shut German Operations
According to Graphite India, it has been decided by its management in Germany to shut down its Specialities and Coating divisions as well as their services.
This has been due to the effect of the Russia-Ukraine conflict on their business for a long time and low demand situations.
NALCO and NLC India Form Power Joint Venture
Joint Venture & Shareholders’ Agreement between National Aluminium Company (NALCO) & NLC India
A Joint Venture & Shareholders’ Agreement has been entered into between National Aluminium Company (NALCO) & NLC India to form a 50:50 joint venture company.
The JV Company is intended to develop a 4×270 MW, or 1080 MW, Thermal Captive Power Plant at Angul in the State of Orissa.
TVS Motor and Indian Oil Partner for LPG Distribution
Strategic Partnership between TVS Motor and Indian Oil to Optimize Last Mile LPG Cylinder Distribution through Sustainable Mobility Solutions
As part of this partnership, TVS Motor will make use of the extensive distributor network of Indian Oil for more than 13,000 LPG distributors, which includes using TVS King Kargo HD commercial vehicles to deliver LPG cylinders right at the doorstep of consumers.
HFCL Launches New AI-Focused Optical Brand
OptiQ AI is the name given by HFCL as the single brand name for all its products associated with optical connectivity.
This brand name is used for the optical fiber cables and the accessories that go along with them for artificial intelligence, cloud computing, and hyperscale data centers.
