Stocks to watch today: Adani, Waaree, PCBL, Vedanta, Godrej Properties

Domestic stock markets continued their cautious trend, closing slightly higher in Wednesday’s session. For the third consecutive day, the benchmark indices moved within a narrow range as investors weighed ongoing developments. The market witnessed a brief rally, supported by a surge in Adani group shares following the group’s clarification regarding bribery allegations from US authorities.
In today’s trade, shares of Adani Group, Waaree Renewable Technologies, Godrej Properties, Vedanta, and PCBL, among others, will be in focus due to various developments.
Adani Group stocks have been a major highlight in recent sessions. On Wednesday, shares of the conglomerate surged by up to 20% after it addressed allegations of bribery by US authorities, clarifying that Gautam Adani and other key individuals were not charged under the US Foreign Corrupt Practices Act (FCPA). Investors are expected to closely track the movement of Adani stocks today, with many hoping for a continued recovery after earlier declines.
Godrej Properties has launched a qualified institutional placement (QIP) programme to sell equity shares and raise up to Rs 6,000 crore. The funds are intended to support the company’s growth and expansion plans, which have been a focus for investors.
KEC International has secured a major order worth Rs 1,704 crore in its transmission and distribution segment. The order was placed by Power Grid Corporation of India Ltd., strengthening KEC’s position in the sector.
Moody’s Ratings has upgraded the corporate family rating of Vedanta Resources Ltd (VRL), the parent company of Vedanta, following successful liability management measures. This positive rating change is expected to attract investor attention to Vedanta stocks.
Hero MotoCorp, the two-wheeler giant, has announced a new initiative to support startups in the automotive industry. The programme aims to encourage innovation and growth in the sector, reflecting the company’s forward-looking strategy.
The Andhra Pradesh government has approved the allocation of 116.62 acres of land to PCBL in the Naidupeta Special Economic Zone (SEZ). This allocation is expected to support the company’s plans for expansion and capacity enhancement.
NBCC has signed a memorandum of undertaking (MoU) with Housing and Urban Development Corporation (HUDCO) for a Rs 600 crore project. The collaboration will focus on the development of a 10-acre land parcel in Noida.
Waaree Renewable Technologies has received a significant order worth Rs 1,233.5 crore for a ground-mounted solar PV project with a capacity of 2012.47 MWp DC. This order highlights the company’s growing footprint in the renewable energy sector.
Natco Pharma has sold 14.38 acres of land in Ranga Reddy District, Telangana, for Rs 115.57 crore. The sale aligns with the company’s strategy to monetise non-core assets.
Ashoka Buildcon has secured a new order worth Rs 192.69 crore from Madhya Pradesh Poorv Kshetra Vidyut Vitaran Company. The order involves work in the power distribution segment and could strengthen the company’s project portfolio.