Stocks to watch Sept 29: Honasa, HCL Tech, NCC, and more in focus
Indian stock markets on September 29 will see multiple companies in focus due to quarterly earnings, major deals, and corporate announcements. Key movers include Honasa Consumer, HCL Technologies, and NCC, driven by stake sales, acquisitions, and new contracts. Rays of Belief reported a Q1 profit of Rs 2.8 crore versus a loss of Rs 0.5 crore, with revenue up 136.4% to Rs 25.3 crore. Prasol Chemicals' profit surged 150.7% to Rs 61 crore, while revenue rose 35.7% to Rs 433.6 crore. Reliance Jio added 24.01 lakh subscribers in August, Bharti Airtel added 21.1 lakh, and Vodafone Idea added 5.06 lakh. Honasa Consumer faces a likely 2.73% stake sale by investors at Rs 450 per share, worth Rs 400 crore. HCL Technologies announced plans to acquire Robotiq.ai, while ITC completed its Sproutlife Foods acquisition. Ellenbarrie secured a Rs 481 crore contract from BHEL, and NCC received a Rs 1,076.71 crore water supply project order.