Akzo Nobel, Jio Financial, Landmark Cars among key stocks to watch today

Gift Nifty live: The stock market is expected to open higher today, as indicated by Gift Nifty futures traded at Gift City, Gandhinagar. Last week, the Sensex and Nifty recorded their steepest weekly drop in two years, falling 4 per cent due to rising geopolitical tensions in the Middle East after Iran launched missiles at Israel. The escalation led to foreign institutional investors selling Indian shares worth Rs 9,897 crore on Friday. Here's a look at the key stocks to watch in Monday’s session:

Stocks to Watch

Apollo Tyres: Life Insurance Corporation of India (LIC) has raised its stake in Apollo Tyres from 4.983 per cent to 5.030 per cent. LIC acquired 3 lakh shares (0.047 per cent stake) through open market transactions on October 3, signaling confidence in the company’s growth prospects.

Akzo Nobel India: The parent company, Akzo Nobel NV, has launched a strategic review of its portfolio to reallocate capital, focusing on expanding its core coatings business, particularly in South Asia’s decorative paints sector.

Landmark Cars: Landmark Cars has received a Letter of Intent from Mercedes-Benz India to open a dealership in Patna. This new dealership will serve high-growth markets in Bihar and Jharkhand , providing sales and after-sales services for Mercedes-Benz vehicles.

Adani Energy Solutions: The company has launched a new subsidiary, Adani Energy Solutions Global, to explore transmission projects beyond India, expanding its footprint in international markets.

GAIL India: GAIL has signed an MoU with AM Green to develop renewable energy projects of up to 2.5 GW and green chemical initiatives. The partnership focuses on securing long-term CO2 supply for eMethanol production and exploring hybrid renewable energy projects across India.

Lupin: Following an inspection between September 25 and October 4, the US FDA issued five observations to Lupin’s biotech facility in Pune as part of the pre-approval inspection process.

BLS International Services: BLS has acquired a 100 per cent stake in Dubai-based Citizenship Invest for $31 million (approximately Rs 260 crore). The acquisition adds fast-track investor programs for residency and citizenship in over 15 countries to its portfolio.

Jio Financial Services: SEBI has granted in-principle approval for Jio Financial Services and BlackRock Financial Management Inc. to act as co-sponsors in establishing a mutual fund, paving the way for a major venture in the financial sector.

One 97 Communications ( Paytm ): Manmeet Singh Dhody has stepped down as CTO - Payments as of October 4, transitioning to an AI Fellow role. Deependra Singh Rathore has been appointed as the new CTO - Payments, effective October 4, after serving as Senior Vice President - Technology.

Gravita India: The board has approved raising up to Rs 1,000 crore through equity shares. Sunil Kansal has been appointed as Whole Time Director, while Rajat Agrawal has been re-designated as Chairman and Managing Director. Mahavir Prasad Agarwal has resigned as Chairman and Whole Time Director, effective October 5.

Bank of Maharashtra : The public sector lender has closed its QIP issue on October 4, allotting 61.01 crore equity shares at Rs 57.36 per share, raising Rs 3,500 crore. Key investors include LIC, ICICI Prudential Life Insurance, and Aditya Birla Sun Life Insurance.

CG Power & Industrial Solutions: CG Power has signed an agreement with Renesas Electronics Corporation to acquire its radio frequency components business for $36 million, expanding its presence in the semiconductor design industry.