Stocks to Watch: Adani Group, Vedanta, Raymond, Tata Power, Hyundai Motor, SJVN, and More - Read Now 

The week progresses with many major stocks in news for significant developments on the business and financial fronts. From allegations on Adani Group to huge funding plans by Tata Power, here is a rundown of the top stock picks for Monday.

Adani Group Stocks: Allegations Impact Market Sentiment

This follows serious allegations against the Adani Group led by Gautam Adani by U.S. authorities, who claimed that the conglomerate defrauded investors and bribed Indian officials with $265 million to award it solar energy contracts. The deal has further got complicated with Kenyan President William Ruto canceling significant deals with the Adani Group, which include a $736-million power transmission project and airport management plans.

The allegations led to a sharp selloff in Adani Group stocks, causing the net worth of the Adani family to plunge by 20.1% to ₹7.8 trillion on Thursday. Investors are strongly advised to keep close tabs on developments as the allegations could further weigh on stock performance.

Vedanta: Rising Costs Push Bond Issuance Delays

Vedanta has delayed its dollar bond plan, citing a threat to its borrowing cost due to an Adani indictment. Adani Green Energy had also withdrawn its dollar bond earlier, marking a growing concern by international investors over Indian companies' global standing.
Vedanta's decision happens at the time when there is ripple effect about the controversy regarding Adani in the market.

Hyundai Motor: A Step Towards Renewable Energy

Hyundai Motor India is advancing its green energy goals with plans to establish two renewable energy plants in Tamil Nadu. This initiative aligns with Hyundai’s strategy to achieve 100% renewable electricity dependency across its operations by 2025. This move is expected to enhance Hyundai’s sustainability profile and operational efficiency, making it a stock to watch in the clean energy space.

Tata Power: Secures $4.25 Billion for Strategic Growth

Tata Power to consider $4.25 billion funding. Tata Power has agreed to a preliminary deal with the Asian Development Bank to consider funding worth $4.25 billion. The funding will help Tata Power promote clean energy initiatives, bringing the company closer to reaching the sustainability goals. This big financial injection will help Tata Power consolidate its market leadership during India's renewable energy transition.

Raymond: Demerger plans on track

Raymond gets the nod for its scheme of demerger arrangement with Raymond Realty from NSE and BSE, which gives it a 'No Observation Letter'. The board of directors approved this demerger, in July 2024, in a bid to simplify and streamline operations, alongside making focus on individual business verticals. Such a development makes Raymond an attractive stock for investors looking for strategic realignment opportunities.

LTIMindtree: LIC Increases Stake in the IT Company

LIC of India, which had increased its shareholding to 7.034% in LTIMindtree from 5.033% over the last eight months, is a stock that should be viewed as more interesting than most in the IT industry, in terms of growth potential.
Offer for Sale in Protean eGov Technologies
NSE Investments is selling up to 20.31 per cent stake in Protean eGov Technologies through an OFS. The base issue comprises an equity offering of 10.16 per cent; the green shoe option further offers another 10.16 per cent of equity. This forms a strategic entry point for possible investors at a floor price of ₹1,550 per share.

Afcons Infrastructure: Wins Major Project in Uttarakhand

Afcons Infrastructure has gained the lowest bid to win a ₹1,274 crore UPDCC project. Such a project would be a transportation and energy infrastructure upgrading one in the region for the company, adding a growth driver.

SJVN: Expanding Renewable Energy Projects

SJVN, a company owned by the state, has signed an MoU with Rajasthan's Energy Department to develop 5 GW of pumped storage capacity and 2 GW of floating solar projects. This is more ambitious for Rajasthan in relation to its expansion goals in renewable energy, as the company is participating in India's growing green energy movement.

Market Insights

Major corporate developments as well as macro-economic trends continue to drive large Indian stock market movements. Companies like Adani Group, Vedanta, Hyundai Motor, Tata Power, Raymond, and SJVN are changing their respective sectors with strategic initiatives, and therefore, remain an important watchlist.

The clean energy, infrastructure growth, and technological advancements are still in focus for the investor. The rippling effects from the Adani Group scandal can trickle into other sectors, showing a dire need for diversified portfolios.