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Top10 stocks to watch today, along with recent developments and key information:

    1. Reliance Industries: Reliance Retail Ventures Ltd. (RRVL) has signed a joint venture agreement to acquire a 51% stake in EdaMamma, a kid and maternitywear brand founded by actor Alia Bhatt. The partnership aims to expand into new categories such as personal care, baby furniture, children’s storybooks, and an animated series.

     

    1. Tata Consumer Products: Tata Consumer Products Ltd. has denied reports suggesting it is in talks to buy a majority stake in Indian snack food maker Haldiram’s due to concerns about the $10 billion valuation sought. The company clarified in a regulatory filing that it is not engaged in such negotiations.

     

    1. Zomato: Zomato Ltd. is taking steps to improve profitability, including introducing a platform fee of ₹23 per order on its app. This fee is aimed at supporting the company’s operational costs and will apply to all customers using the food delivery platform.

     

    1. REC (Rural Electrification Corporation): REC Ltd. plans to expand its loan portfolio for green projects to ₹3 trillion by 2030. The company is focusing on renewable energy initiatives, including solar, wind, hybrid, and emobility projects, as well as exploring newer areas like green hydrogen, green ammonia projects, and ethanol manufacturing.

     

    1. Oil Marketing Companies (BPCL/HPCL/IOCL): Oil marketing companies, including Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL), have seen their target prices downgraded following a sharp rise in international crude oil prices above $90 per barrel. JM Financials maintains a ‘buy’ rating for BPCL and HPCL but advises a ‘hold’ for Indian Oil Corp Ltd (IOCL).

     

    1. One97 Communications/PB Fintech: Reserve Bank of India (RBI) governor Shaktikanta Das has urged fintech players to establish a selfregulatory organization (SRO) within a year. This marks a shift from previous stances, where the central bank emphasized the need for regulation in the fintech sector.

     

    1. AU Small Finance Bank Ltd: AU Small Finance Bank Ltd has introduced the Zenith+ metal credit card with an annual fee of ₹4,999. The card offers various benefits, including complimentary rounds of golf and free movie tickets, as the bank aims to attract new deposits and provide additional banking services to its customers.

     

    1. ABB India: ABB India Ltd’s shares have seen a significant appreciation of 68% in the current calendar year. This optimism is largely attributed to the company’s strong order inflow trajectory in recent times.

     

    1. HCL Technologies: HCL Technologies has been selected by Elders, an Australian agribusiness, to lead its digital transformation efforts. Under this multiyear IT services deal, HCLTech will provide managed IT services and leverage its artificial intelligence capabilities to enhance Elders’ business operations.

     

    1. Jet Airways: Maltabased Ace Aviation, a potential buyer of grounded Jet Airways’ aircraft, has requested the National Company Law Appellate Tribunal (NCLAT) to expedite its appeal against an order issued by the Mumbai bench of the insolvency tribunal.

     

    These developments provide insights into various sectors, including retail, technology, finance, and energy, and can influence stock market trends and investor decisions. It’s important to conduct further research and consider market conditions before making investment decisions based on this information.

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