Adani Enterprises, Zinka, Vedanta, Godfrey Phillips: Stocks to watch today

Stock markets will be up and running on Thursday after a one-day holiday due to the Maharashtra Assembly Elections. Markets had a volatile session on Tuesday earlier this week, ending marginally higher after a recent decline.
On Thursday, several stocks are expected to be in focus due to news developments. Here is a detailed look at some of the key stocks to watch today.
Fitch Ratings has maintained its ‘B-‘ rating for Vedanta Resources Ltd (VRL), the parent company of Vedanta, while giving it a positive outlook. This signals potential improvement in the company’s credit profile, which could influence investor sentiment.
Zinka Logistics Solution is set to make its stock market debut today. Investors are optimistic about strong listing gains, given the positive response to its initial public offering (IPO).
Gautam Adani, the chairman of the Adani Group and among the wealthiest individuals globally, has been charged in New York for his alleged involvement in a bribery and fraud scheme worth billions of dollars, according to Reuters. This legal action could have implications for the Adani Group’s stock performance in the market today.
Separately, Adani Infrastructure has announced an open offer to acquire an additional 26% stake in PSP Projects. The offer price has been set at Rs 642.06 per share, which may influence the stock’s activity.
Gujarat Narmada Valley Fertilizers & Chemicals Ltd (GNFC) has signed a memorandum of understanding (MoU) with INEOS to establish a large-scale acetic acid production facility in India. This development aligns with the company’s efforts to expand its manufacturing footprint.
Telecom giant Bharti Airtel has extended its partnership with Nokia. The multi-billion-dollar deal will focus on expanding Airtel’s 4G and 5G operations in India. This move is expected to strengthen Airtel’s network capabilities and improve its customer experience.
UPL and Alpha Wave Global have signed agreements for an investment of $350 million. This will give Alpha Wave Global a 12.5% stake in Advanta Enterprises, UPL’s subsidiary. This partnership is expected to boost Advanta’s global presence and operations.
Godrej Properties has acquired 53 acres of land in Joka, Kolkata. This project is estimated to generate revenue of nearly Rs 500 crore, showcasing the company’s focus on expanding its real estate footprint.
Tata Power has partnered with Bhutan’s Druk Green Power Corporation to develop clean energy projects with a capacity of 5,000 MW. This collaboration supports the company’s focus on renewable energy and regional cooperation.
Godfrey Phillips India has declared an interim dividend of Rs 35 per equity share of Rs 2 each for the financial year ending March 2025. This announcement reflects the company’s confidence in its financial performance.
The US Food and Drug Administration (USFDA) has issued a Form 483 with seven observations for Dr Reddy’s API manufacturing facility in Bollaram, Hyderabad. This regulatory feedback could impact the company’s stock movement.
Aditya Birla Capital has infused Rs 100 crore into its subsidiary, Aditya Birla Capital Digital, on a rights basis. This investment highlights the company’s commitment to expanding its digital financial services.
JSW Steel has been declared the preferred bidder for the Codli Mineral Block-XII in Dharbandora, Goa. Securing this bid will help the company bolster its raw material supply chain.
Aegis Vopak Terminals, a subsidiary of Aegis Logistics, has filed a draft red herring prospectus (DRHP) for an IPO. This step is part of the company’s growth strategy, aimed at expanding its terminal operations.