Stocks to Watch: HDFC Bank, RR Kabel, Tata Motors, Torrent Pharma, CIL, NHPC
HDFC Bank: The Reserve Bank of India has approved the reappointment of Sashidhar Jagdishan as HDFC Bank managing director and chief executive officer for three more years till 26 October 2026, the bank said in a regulatory filing. Jagdishan joined the bank in 1996 as a manager in the finance function and became business head of finance in 1999. He was later appointed CFO in 2008.
Prior to his appointment as CEO in October 2020, he was the group head of the bank in addition to overseeing other functions. RR Kabel: RR Kabel is set to make its debut on stock exchanges today, and according to the latest trend in the grey market, the stock could be listed at a premium. The company has become the first IPO firm to complete its listing under the T+2 timeline.
Under this norm, an IPO firm needs to complete its listing process within three working days from the closure of the IPO. The company's act was voluntary and SEBI has not made the deadline mandatory for IPO firms till November 30. Tata Motors: Tata Motors on Monday announced that it will raise the prices of its commercial vehicles by up to 3%, its third hike this calendar year to offset the residual impact of post-input costs, according to a report published by Reuters.
The price hike will be effective from October 1. The increased prices will be applicable across its range of commercial vehicles, the Indian automaker said. Torrent Pharma/Cipla: India's Torrent Pharmaceutical is in preliminary talks with Apollo Global Management to secure a loan of up to $1 billion to help fund a planned bid for Cipla, two people briefed on the discussions said.
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