Top 10 Stocks To Watch Today: Paytm, RIL, Jindal Stainless & More

Here is the list of top ten stocks that are likely to be in focus today as per the market watchers.

Reliance Industries

On Thursday, Reliance Industries revealed that it reached an agreement with The Oberoi Hotels and Resorts (Oberoi) to operate three properties together in India and the UK. These include the historic Stoke Park in the UK, the soon-to-be-built Anant Vilas Hotel in Mumbai's Bandra Kurla Complex (BKC), and another project in Gujarat that is in development.

Shoppers Stop

Following the retirement of its Managing Director and CEO, Mr Venu Nair, Shoppers Stop Limited said on Thursday that Mr Kavindra Mishra, Chief Commercial Officer and CEO Homestop, had been promoted to Executive Director and CEO.

The Chairman of the Company, Mr. BS Nagesh said that "I am delighted that Mr. Kavindra Mishra, has been promoted as the Executive Director and CEO of the Company. In the last five months he has taken over the charge of Homestop and the commercial part of the Shoppers Stop business. His skills as a Business Leader, strategic expertise and overall understanding of the retail industry is an excellent fit for leading the Company as its CEO and setting high standards. Under his leadership and guidance, I am confident about the future growth of the Company"

Paytm

Paytm Ads launches "India's Festive Wallet Outlook 2023" which highlights the digital purchasing habits of Indian customers over the festive season. According to the report, Paytm customers are three times more aware of its brand and products than those who use alternative payment systems.

As per the Redseer survey, Paytm boosts brand awareness threefold among users, outshining other payment platforms. The report highlights Paytm's seamless integration into daily routines for bill payments, subscriptions, and digital services. It has become a vibrant brand discovery and consideration platform, linking users with relevant products during festivities.

Praveen Sharma, SVP, Paytm said, "With almost 75% of consumers opting for mobile payments during festive shopping, it enables marketers to convey messages that deeply connect on an individual level. Paytm has emerged as a dynamic brand discovery platform with its large user base, playing a pivotal role in connecting users with brands and products during this celebratory period. With its advanced targeting and innovative ad formats, Paytm Ads has successfully created meaningful customer interactions along the path to purchase."

Hero MotoCorp

On Thursday, the New Glamour was unveiled by Hero MotoCorp, the largest producer of motorcycles and scooters in the world. The redesigned Glamour is the newest model in the company's thrilling line of technologically cutting-edge and visually appealing products in the 125cc class. The new Glamour came out in two varieties, Drum and Disc, and is now offered at Hero MotoCorp dealerships nationwide for Rs. 82,348 (Drum Variant) & Rs. 86,348 (Disc Variant)* (Ex-Showroom, Delhi).

Commenting on the launch, Mr. Ranjivjit Singh, Chief Business Officer, India BU, Hero MotoCorp, said, "With its immense popularity, Glamour has created a large base of loyal fans among the youth of the country who are seeking style, comfort & technology. At Hero MotoCorp, our intent has always been to provide our customers with distinctive features and technologically advanced products. The introduction of the New Glamour will further strengthen the brand's presence in the most competitive 125cc segment and help in improving market share. We are confident that the iconic Glamour in its new avatar will add to the growing appeal of our two-wheeler portfolio".

Zydus Lifesciences

Zydus Lifesciences Limited on Thursday received final approval from the United States Food and Drug Administration (USFDA) for Zinc Sulfate Injection USP, 10 mg/10 mL (1 mg/mL), 30 mg/10 mL (3 mg/mL), and 25 mg/5 mL (5 mg/mL) Pharmacy Bulk Package Vials (USRLD: Zinc Sulfate Injection USP, 10 mg/10 mL (1 mg/mL), 30 mg/10 mL (3 mg/mL), and 25 mg/5 mL (5 mg/mL)). The group has submitted over 444* ANDAs since the filing procedure began in FY 2003-2004, and it now has 377 approvals.

Jindal Stainless

On Thursday, Jindal Stainless revealed that it had developed and supplied a special alloy steel grade that had been utilised in the motor casing of India's historic Chandrayaan-3 third lunar mission. The special grade that is provided to the Indian Space Research Organisation (ISRO), which is typically imported from many different countries, has been carefully developed over a period of three years.

Commenting on the landmark development, Managing Director, Jindal Stainless, Mr Abhyuday Jindal, said, "The successful landing of the Chandrayaan-3 is historic and we are proud to play our part in this mission. This strengthens the Atmanirbhar Bharat story as we have provided the indigenously developed best-in-class quality material to this nationally important project through constant innovation. Jindal Stainless is committed to fulfilling the niche material requirements of the aerospace sector in the future."

For major DRDO and ISRO projects in the past, such as Chandrayaan, PSLV, GSLV Mk3, Nuclear Submarine Missile System, missile canister for practically all missile programmes, and exhaust unit application in rockets, Jindal Stainless has provided equipment in the past.

RailTel Corporation of India

The company on Thursday said in a regulatory filing that it has received the work order from Kerala State Information Technology Infrastructure Ltd. for supply, installation, testing, commissioning and maintenance of ISP Hardware, Software and License for Kerala Fibre Optic Network (KFON) amounting to Rs. 27.91 Crore (excluding GST).

Tata Power

On Thursday, Tata Power and Zoomcar partnered to provide seamless electric vehicle (EV) charging solutions. This partnership will benefit existing Zoomcar customers as well as current and potential EV owners by promoting Tata Power's EZ Charge stations on the Zoomcar platform.

"This collaboration with Zoomcar is another milestone in our journey to speed up the green mobility transition in the country. As India's leading EV charging infrastructure provider, we are constantly collaborating with industry partners such as Zoomcar to develop a technologically advanced and robust EV ecosystem in the country." said Dr. Praveer Sinha, CEO & MD, Tata Power.

Mr. Greg Moran, CEO & Co Founder, Zoomcar stated, "We are very excited to embark on this journey with Tata Power, leveraging their position as a leader in the field of EV charging. At Zoomcar, we strive to be at the forefront of creating innovative solutions that can help shape the mobility industry. Our car-sharing platform is perfectly suited for electric vehicles and we expect to grow 50 % of our platform by 2025. This mutual partnership is poised to create a comprehensive ecosystem that fulfils the evolving needs of EV enthusiasts"

Suzlon Energy

Suzlon secured a new order of 31.5 MW on Thursday from Integrum Energy Infrastructure Private Limited. In Maharashtra and Karnataka, Suzlon will install 15 of its S120-140m wind turbine generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower with a rated capacity of 2.1 MW each.

In May 2024, the project is anticipated to be put into operation.

JP Chalasani, Chief Executive Officer, Suzlon Group said, "We are delighted to announce our second order with Integrum Energy Infrastructure Private Limited. Suzlon takes pride when valued customers like Integrum Energy, one of India's fast‐growing renewable energy Project Management companies trusts us with a repeat order.

They have demonstrated their faith in our leading technology and comprehensive capabilities throughout the wind energy value chain. The Power generated from this project will be used for captive consumption, creating deeper penetration of renewable energy in India. Suzlon is committed to building a sustainable India by powering the domestic economy with green energy."

Anand Lahoti, Founder and Chief Executive Officer, Integrum Energy Infrastructure Private Limited said, "At Integrum Energy Infrastructure Private Limited, we are committed to shaping a sustainable and carbon neutral India. We are delighted to partner with Suzlon, a leading renewable energy solutions provider with reliable technology and a great track record in India. Suzlon's 'Made‐in‐India' products which complement our ideology of supporting 'Aatmanirbhar Bharat'. We look forward to creating many landmark renewable energy projects in the future with a focus on increasing adoption of renewable energy in India."

Torrent Pharma

On Thursday, Torrent Pharmaceuticals Limited announced that the US Food and Drug Administration (US FDA) had issued an Establishment Inspection Report ("EIR") for the company's manufacturing facility in Dahej, Gujarat. The US FDA has since successfully ended the inspection.

The US FDA designated the Dahej plant as having "Official Action Indicated (OAI)" based on the findings of the inspection conducted in March 2019. The site had undergone a second examination by the drug authority in May 2023 from May 17 to May 25, and a Form 483 was issued with two remarks.

The site's categorization has been changed to VAI (voluntary action indicated), which denotes that Torrent will begin to get permission for ANDAs that have been filed. As a result, the company's prospects will be considerably improved, and its new product offers will encourage market expansion in the US. The Dahej factory produces APIs and formulations for the worldwide markets served by Torrent Pharma.