Stocks to Watch Today: Infosys, Vedanta, IndiGo, Canara Bank, NHPC Among Key Movers

Several companies are likely to remain in focus in today's trading session after announcing significant business developments, regulatory updates, acquisitions, fundraising plans, and major order wins. Investors will closely track these stocks for potential market reaction.

Infosys Expands Partnership with DNB Bank

Infosys has strengthened its long-standing relationship with Norway-based DNB Bank ASA by expanding its partnership to enhance financial-crime prevention operations. The collaboration aims to improve risk management capabilities and support the bank's efforts in combating financial fraud and money laundering. The development highlights Infosys' growing presence in digital transformation and banking technology services.

Vedanta Faces Regulatory Attention

Mining and metals major Vedanta clarified that officials from the Enforcement Directorate visited certain offices of Vedanta and Hindustan Zinc. The company stated that it is extending full cooperation to the authorities and that the proceedings are currently underway. While the development may attract investor attention, the company emphasized its commitment to complying with all regulatory requirements.

IndiGo Restructures International Operations

InterGlobe Aviation, the parent company of IndiGo, announced that it will discontinue flights to and from Manchester effective August 31. The airline cited a challenging cost and operational environment as the reason for the decision. Additionally, IndiGo plans to return one of its six Boeing 787-9 Dreamliner aircraft to Norse Atlantic. The move reflects the airline's focus on optimizing fleet utilization and international route profitability.

Canara Bank Plans Major Fundraising

Public sector lender Canara Bank has approved a plan to raise up to ₹8,500 crore through bonds during FY27. The fundraising exercise is expected to strengthen the bank's capital base and support future business growth. Investors may watch the stock for indications regarding the timing and structure of the proposed capital raise.

PFC Restructures Subsidiaries

Power Finance Corporation (PFC) informed exchanges that the Registrar of Companies has struck off its subsidiary PFC Projects due to the absence of future business opportunities. The company also announced the dissolution of three wholly owned subsidiaries—Deoghar Infra, Deoghar Mega Power, and Jharkhand Infra. The move is part of the company's efforts to streamline operations and improve organizational efficiency.

NHPC OFS Sees Strong Demand

State-run hydropower company NHPC remains in focus after the government exercised the oversubscription option in its Offer for Sale (OFS). This increased the total offer size to 6% of the company's equity, equivalent to 60.3 crore shares. The move indicates strong investor interest in the issue.

Pharma and Biotech Updates

Mankind Pharma announced that its subsidiary has acquired the remaining 10% stake in Upakarma, making it a wholly owned subsidiary. Meanwhile, Concord Biotech received US FDA approval for its Mycophenolate Mofetil ANDA, a drug used in organ-rejection prophylaxis. The product addresses an estimated US market opportunity of around $30 million.

Major Order Win and New Subsidiary

John Cockerill India secured an order worth approximately ₹1,300 crore from JSW Vijayanagar Metallics for the commissioning of two annealing and coating lines, providing strong revenue visibility. Delhivery also announced plans to incorporate a new subsidiary, Delhivery Fintech Distribution, signaling its intention to expand into financial services-related opportunities.

With a mix of corporate developments, regulatory updates, acquisitions, and large order wins, these stocks are expected to remain on investors' radar throughout the trading session.