Trading Radar: Vedanta, Nykaa, Aurobindo, Avenue Supermarts Are On The Watchlist

Indian equities market could open flat on Thursday, following mixed global cues. At the time of writing, the GIFT Nifty was trading 0.09% higher at 25,580.5 while the SGX Nifty was up 0.08% at 25,577.

Ahead of Thursday’s trade, here’s a list of stocks in focus.

Vedanta: Its demerger plan has been delayed after the Ministry of Petroleum and Natural Gas raised objections during the NCLT hearing on July 2. The next hearing is scheduled on August 20.

Aurobindo Pharma: Unit CuraTeQ Biologics received approval from the European Union to market Dazublys, its trastuzumab biosimilar developed for the treatment of HER2-positive breast and gastric cancers.

Nykaa: FSN E-Commerce Ventures, which owns beauty and lifestyle platform Nykaa, could see early investors Harindarpal Singh Banga and Indra Banga offload shares worth up to ₹1,200 crore via a block deal, according to reports.

Indian Overseas Bank: Received shareholders' approval to raise up to ₹4,000 crore in the market via qualified institutional placements (QIPs), rights issues, and employee stock options in FY26.

PVR Inox: The company plans to invest ₹400 crore to add approximately 200 new screens across India over the next two years, according to Executive Director Sanjeev Kumar Bijli.

Voltas: Served a show cause notice by the Central GST Commissionerate in Dehradun for alleged GST shortfalls related to a merged company from 2018 to 2021.

Hindustan Zinc: Reported its highest-ever quarterly mined metal production at 265 kilo tonnes in Q1. Silver production declined to 149 tonnes, a 11% decrease.

Avenue Supermarts: The company posted a 16% increase in Q1 revenue at ₹15,932 crore on a standalone basis. They operate the D-Mart retail chain in India. 

Coromandel International: Received Competition Commission of India (CCI) approval to acquire a 53.13% stake in NACL Industries.

State Bank of India: Reliance Communications (RCom) has announced that SBI has classified its loan account as ‘fraud’.

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