Stocks To Watch: Tata Motors, NTPC, HDFC Bank, LIC, BEL, Oil India, Waaree, And Others

Stocks to Watch on September 29: Indian equities remained under pressure on Friday, extending their losing streak for the sixth consecutive session. Analysts attributed the slide to sustained weakness

in index heavyweights, which has accelerated the market’s decline over the past two sessions.

The Nifty50 is now approaching its key support level near the 200-day exponential moving average (DEMA) around 24,400, a crucial technical marker. “We recommend adopting a cautious approach—focusing on fundamentally strong stocks while avoiding aggressive directional bets until clearer signals emerge,” said Ajit Mishra, SVP – Research, Religare Broking.

In today’s trade, several stocks will be in focus due to significant news and developments:

Key Stocks in Focus

Glenmark, Sun Pharma, Granules India, Zydus, Unichem

Domestic drugmakers Glenmark, Granules India, Sun Pharma, Zydus and Unichem are voluntarily recalling certain products in the US market over manufacturing issues, according to the US Food and Drug Administration’s (USFDA) latest Enforcement Report. The recalls pertain to affected lots in the American market.

NTPC

State-run NTPC will appoint a consultant to identify uranium mines overseas following a formal agreement with Uranium Corporation of India Ltd (UCIL). The move aims to secure raw materials for NTPC’s future nuclear power projects.

HDFC Bank

HDFC Bank’s Dubai International Financial Centre (DIFC) branch has received a decision notice from the Dubai Financial Services Authority (DFSA) restricting it from onboarding or soliciting new clients.

The notice bars the DIFC branch from advising on financial products, arranging investment deals, arranging credit, and providing custody services to new clients. The restriction applies to all clients who had not completed their onboarding process as of September 25, 2025.

IndusInd Bank

Gobind Jain, whistleblower and former CFO of IndusInd Bank, told Mumbai’s Economic Offences Wing (EoW) that accounting irregularities in the bank’s derivatives portfolio date back to 2015 and were known to the then board, senior management, and former finance chief SV Zaregaonkar.

LIC

Life Insurance Corporation of India (LIC) attracted inflows of over ₹1,100 crore on the first day after the GST was scrapped on individual traditional life insurance policies, according to an ET report. This compares with LIC’s monthly premium income of ₹5,000 crore from retail policyholders in August 2025.

Tata Motors

Tata Motors announced the appointment of Shailesh Chandra as Additional Director, Managing Director and CEO, effective October 1, 2025, for a three-year term.
Chandra will continue to lead Tata Passenger Electric Mobility, the company’s EV subsidiary, following the resignation of P B Balaji as Group CEO.

Oil India

Oil India (OIL), a Maharatna company under the Ministry of Petroleum and Natural Gas, reported natural gas discovery in its second exploratory well drilled in the Andaman Shallow Offshore Block—a key step in its ongoing exploration campaign.

Tata Power Renewable Energy Ltd (TPREL)

Tata Power Renewable Energy Ltd (TPREL) signed an agreement with Bank of Baroda to provide financing solutions for MSMEs and Commercial & Industrial (C&I) units purchasing solar equipment and projects.

Bharat Electronics (BEL)

The Indian Army has issued a tender to buy five to six regiments of the ‘Anant Shastra’ surface-to-air missile weapon systems—earlier known as the Quick Reaction Surface to Air Missile system (QRSAM)—developed by DRDO. The tender was issued to Bharat Electronics (BEL) to bolster air defence along borders with Pakistan and China.

Waaree Energies

Waaree Energies, India’s largest solar panel maker, is under investigation in the US for alleged evasion of anti-dumping and countervailing duties on solar cells from China and other Southeast Asian nations by labelling them as made in India.

The company said it had cooperated with previous US investigations and will continue to do so. Waaree maintains that it complies with all applicable laws and regulations in every country where it operates.

Sunteck Realty

Sunteck Realty launched an ultra-luxury residential brand, ‘Emaance’, with properties priced at over ₹2.5 lakh per sq ft—among the most expensive in India.

The company plans to launch two properties under this brand: one at Napeansea Road in South Mumbai during the current fiscal year, and another at Downtown Dubai (Burj Khalifa Community)—marking Sunteck’s international debut.

Hindustan Unilever (HUL)

Hindustan Unilever (HUL) reported a short-term dip in sales for Q2FY26 due to the rollout of GST 2.0 reforms. In its first-ever business update to exchanges, HUL cited trade postponing new orders to clear existing stock and delayed pantry buying by consumers, leading to slower sales in September.

JSW Steel

The Supreme Court overturned its previous order that had directed the liquidation of Bhushan Power and Steel (BPSL), reinstating approval for JSW Steel’s ₹19,700-crore resolution plan.

A bench led by Chief Justice BR Gavai, with Justices SC Sharma and K Vinod Chandran, stressed that creditors’ commercial wisdom must take precedence and criticised attempts by erstwhile promoters to stall proceedings, noting they had lost control of the company post-insolvency.

Godawari Power & Ispat (GPIL)

GPIL is conducting an internal inquiry into an accident at its Chhattisgarh plant that resulted in the deaths of six people, including four officials and two workers, after a furnace incident in Raipur on Friday. Six others, including a general manager, were injured.

Interarch Building Solutions

Interarch Building Solutions, a leading maker of pre-engineered steel buildings, held the groundbreaking ceremony for its new plant in Attivaram, Andhra Pradesh.

The ₹100-crore facility, with a first-phase capacity of 25,000 metric tonnes, will cater to multi-storey steel buildings, data centres, semiconductor plants, electronic manufacturing units, and battery production facilities.

Deepak Nitrite

Deepak Nitrite announced that its subsidiary, Deepak Chem Tech, has commissioned a hydrogenation plant at Dahej in Gujarat’s Bharuch district. The project cost ₹115 crore and aims to enhance manufacturing capabilities and support the company’s growth plans.

VIP Industries

VIP Industries offloaded a 6.2% stake in the company on Thursday through a block deal worth ₹343 crore. Piramal Vibhuti Investments and Kiddy Plast sold 88.4 lakh shares at an average price of ₹388.2 per share. Multiples Private Equity Fund acquired 60 lakh shares for ₹233 crore. Samvibhag Securities bought 22 lakh shares for ₹86 crore.

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