The Indian stock market is experiencing significant activity as major companies, Nykaa, Hindustan Zinc, Vedanta Ltd, Voltas Ltd, and State Bank of India announce key updates. From tax notices to legal issues, these developments may affect how stocks perform in the coming days. These stocks are likely to focus on.
Stocks to watch today
Nykaa
The Banga family plans to sell a 2.1% stake in Nykaa through a block deal worth around Rs. 198 crore. The shares will be sold at Rs. 200 each, which is 5.5% lower than the last closing price.
Hindustan zinc
Hindustan Zinc reported a small one percent rise in mined metal production to 265 kilotonnes in the April-June quarter of FY26. However, refined jink output fell 4% and silver production dropped. 11% when power generation also remained low.
State Bank of India
SBI has declared the Reliance Communication loan account as fraudulent after a year-long review, including a forensic audit and show cause notices. The bank will report Anil Dhirubhai Ambani, former director of Reliance Communications, to the RBI after declaring the company’s loan account fraudulent.
Vedanta LTD
The Ministry of Petroleum and Natural Gas has opposed Vedanta’s proposal to restructure its business. The issue came up during a hearing at the National Company Tribunal in Mumbai in July. This may delay or affect the company’s demerger process.
Voltas Ltd
Voltas has received a show-cause notice from the Central GST Commissioner in Dehradun. The notice mentions a possible violation under the CGST, Uttarakhand GST, and IGST loss. This spring tax credit comes into focus for the company.
