The Indian stock market opened today, spotlighting a few major companies. Adani Energy, Nestlé India, TCS, Kotak Mahindra Bank, and Alembic Pharma have all announced key developments. These include a major expansion plan, a leadership exit, large-scale layoffs, quarterly earnings, and a U.S. drug approval. Investors are expected to watch these stocks closely as the day unfolds. Here are the top stocks to watch:
Stocks to Watch
Adani Energy
Adani Energy Solutions plans to grow its commercial and industrial energy business tenfold in five years. CEO Kandarp Patel said the company will also enter smart metering, power distribution, and centralized cooling.
Nestlé India
Nestlé India Chairman and MD Suresh Narayanan will retire on July 31. He led the company through the 2015 mega-crisis. In an interview, he spoke about his leadership journey and changes in India’s food sector.
TCS
Tata Consultancy Services will lay off 2% of its workforce—over 12,000 employees—by FY26. The company said the cuts are part of a restructuring plan to stay competitive as technology and work models change.
Kotak Mahindra Bank
Kotak Mahindra Bank posted a net profit of Rs 3,282 crore for the June quarter, down 48% from last year. Without one-time gains from selling a 70% stake in its insurance arm, profit fell 7%. The bank doubled its provisions, raising concerns over rising bad loans.
Alembic Pharma
Alembic Pharmaceuticals received USFDA approval to sell the drug Carbamazepine, a sustained-release tablet, in the U.S. The drug treats seizures and nerve pain and has a market size of $71 million.
