Stocks to Watch

Stocks To Watch on October 7: The Indian markets began the week on a strong note, gaining over half a percent on Monday as supportive global and domestic cues lifted sentiment. The rally was driven by robust local triggers and positive global factors. Analysts said the Nifty has reclaimed its short-term moving average (20-DEMA) and looks poised to test 25,150, with potential to move toward 25,400.

In today’s session, several stocks are likely to be in focus due to fresh developments:

Zydus Lifesciences

Zydus received final approval from the US Food and Drug Administration (USFDA) for its generic version of Deflazacort oral suspension (22.75 mg/ml), used to treat a severe form of inherited muscular dystrophy.

KEC International

Engineering and EPC major KEC International secured new orders worth Rs 1,102 crore across its businesses. Its civil unit bagged a contract for civil and structural works for a 150 MW thermal power plant from a leading private player in India. The transmission and distribution (T&D) arm won orders for supplying towers, hardware, and poles in the Americas and the Middle East.

Mahindra & Mahindra (M&M)

The automaker launched an upgraded range of its popular Bolero SUV lineup. The refreshed models — Bolero B8 and Bolero Neo N11 — feature updated styling and enhanced features, aiming to provide a more premium and contemporary SUV experience.

Kalyan Jewellers

Kalyan Jewellers reported nearly 30% year-on-year consolidated revenue growth in Q2FY26, driven by strong wedding season demand and a robust start to the festive period. Revenue from its India operations rose approximately 31% compared to the same quarter last year.

ONGC

State-run Oil and Natural Gas Corporation (ONGC) is set to invest Rs 8,110 crore in developing and producing oil and gas from 172 onshore wells across eight petroleum mining lease (PML) blocks in Andhra Pradesh. The Ministry of Environment’s committee has recommended environmental clearance for the project.

Adani Green Energy

Adani Green Energy, led by billionaire Gautam Adani, has reportedly signed a deal to raise around $250 million from a group of global lenders, Bloomberg reported. This would mark the company’s first foreign currency loan since the US Department of Justice’s indictment.

Aster DM Healthcare

Aster DM received ‘no adverse observation’ letters from BSE and NSE for its proposed merger with Quality Care India. The deal remains subject to further statutory, regulatory, shareholder, and creditor approvals.

Brigade Enterprises

Brigade Enterprises signed a joint development agreement (JDA) for premium residential projects on a 6.6-acre land parcel in West Chennai. The project has an estimated gross development value (GDV) of Rs 1,000 crore.

Aditya Birla Lifestyle Brands (ABLB)

Major institutional investors, including SBI Life Insurance, Aditya Birla MF, Morgan Stanley, and Goldman Sachs, acquired over 7.31 crore shares (6% stake) in Aditya Birla Lifestyle Brands from Flipkart Investments for Rs 998 crore via open market transactions on Monday.