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Stocks to Watch: Reliance Industries, NTPC, CG Power, Infosys and more

Published on 28/08/2025 11:16 PM

ICICI Bank, Infosys, Muthoot Finance, Hexaware and Lemon Tree Hotels are in focus today on the back of key corporate updates ranging from leadership changes and partnerships to equity infusion and new property launches. Sectorally, fertiliser, textile, apparel, renewable and footwear stocks may also see action as the GST Council considers significant rate revisions. The proposed changes could benefit players like UPL, Adani Green, Raymond, and Bata India, while impacting price dynamics across multiple consumer categories.ICICI Bank | The bank announced that Subir Saha has retired from the position of Group Chief Compliance Officer (GCCO) with effect from August 28, 2025. The bank has appointed Anish Madhavan, an existing Senior Management Personnel (SMP), as the new GCCO effective August 29, 2025.Infosys | Infosys and Mastercard have entered a strategic partnership to enhance cross-border payments by integrating Mastercard Move with Infosys Finacle, enabling faster access to payment solutions across 200 countries and 150 currencies.Reliance Industries Ltd | Investors will closely watch Reliance Industries’ 48th AGM on Aug 29, where Mukesh Ambani addresses 44 lakh shareholders. Key focus will be on updates in digital, retail, new energy, oil & gas, along with any value-unlocking announcements.Muthoot Finance | The company has infused ₹499.99 crore into its subsidiary Muthoot Money via allotment of 3.25 lakh equity shares, aimed at strengthening the capital base, boosting the adequacy ratio, and funding expansion, corporate needs, and loan repayment.NTPC | The company has approved a partial modification in the transfer of its coal mining business to subsidiary NTPC Mining Ltd (NML). The business, which contributed ₹7,735.54 crore in FY25 revenue, will be moved under an amended BTA by Sept 30, 2025, with a consideration of ₹10,503.27 crore to be paid in phases.CG Power | The company’s subsidiary CG Semi has launched its first OSAT facility in Sanand, Gujarat, becoming one of India’s first full-service semiconductor assembly and test providers. Backed by govt support and partners Renesas & Stars Microelectronics, the company will invest ₹7,600 crore over five years to set up two advanced units.Hexaware Technologies | The company has partnered with Replit to drive secure, governed Vibe Coding, enabling enterprises to rapidly build production-grade applications using natural language-powered development.Lemon Tree Hotels | The company has signed a license agreement for a 98-room property in Mohkampur, Dehradun, to be managed by its subsidiary Carnation Hotels, featuring dining, conference, fitness, and leisure facilities.Fertiliser stocks | The GST Council is considering a cut in GST on fertiliser acids and bio-pesticides to 5% from the current 18% and 12%. The move, if approved, could directly benefit agrochemical companies such as UPL Ltd, PI Industries and Rallis India.Textile and apparel stocks | The textile industry may see relief with GST on synthetic filament yarns, sewing threads, manmade staple fibre yarns, carpets and related items proposed to be cut from 12% to 5%. For apparel, the threshold for garments taxed at 5% may rise from ₹1,000 to ₹2,500, while those above ₹2,500 could attract 18% (up from 12%). Beneficiaries could include V-Mart, Vishal Mega Mart, Vardhman Textiles, Arvind Ltd, Raymond Ltd, Page Industries and Welspun India.Renewable energy stocks | In the renewables segment, GST on solar cookers, solar water systems, energy devices and related parts may be reduced from 12% to 5%. This could aid companies including Adani Green Energy, KPI Green Energy, Sterling & Wilson Renewable Energy and Tata Power.Footwear stocks | Footwear priced above ₹2,500 may see GST increase from 12% to 18%, while those below ₹2,500 could drop from 12% to 5%, a shift significant for Bata India, Relaxo Footwears and Campus Activewear.NewsLive TVMarketPopular CategoriesCalculatorsTrending NowLet's Connect with CNBCTV 18Network 18 Group :©TV18 Broadcast Limited. All rights reserved.