Stocks to Watch, September 8: Vedanta, Amber Enterprises, SpiceJet, BHEL, Tata Motors, M&M, Aurobindo Pharma

Stocks to Watch: Shares of auto firms will be in focus on Monday, September 8, as Hyundai Motor India, Mahindra & Mahindra and Tata Motors slashed prices to pass on the GST rate cut benefit to customers. Stocks to Watch: The domestic equity market is expected to see a positive start to trading on Monday, September 8. The GIFT NIFTY futures suggest that the NIFTY50 index will open 33 points higher. Here is a list of stocks that may remain in focus today. Auto stocks: Shares of auto firms will be in focus on Monday, September 8, as Hyundai Motor India, Mahindra & Mahindra and Tata Motors slashed prices to pass on the GST rate cut benefit to customers. Hyundai Motor India on Sunday said it has reduced prices of its entire model range by up to ₹2.4 lakh. The company said the price cut ranging between ₹60,640 on the Verna to ₹2.4 lakh on the premium SUV Tucson will be applicable from September 22. Tata Motors said it will pass on the full benefit of the GST reduction on its entire commercial vehicle range to customers, effective September 22, 2025, when the revised rates come into effect. READ MORE Amber Enterprises: Shares of Amber Enterprises are expected to trade actively on Monday, September 8. This is because the company, in its filing to stock exchanges on Sunday, said ILJIN Electronics India (ILJIN), a material subsidiary and electronics division of Amber Group, announced that it has ₹1,200 crore in strategic funding through separate definitive agreements with prominent investors, ChrysCapital and InCred Growth Partners Fund I (InCred PE). Vedanta: Shares of Vedanta are likely to be in focus on Monday, September 8, after the mining conglomerate, in its winning bid for the debt-laden firm Jaiprakash Associates (JAL), offered an upfront payment of ₹4,000 crore, with the remaining amount to be paid over the next five–six years. Vedanta beat Adani Group with a bid whose net present value comes to ₹12,505 crore in an auction carried out by lenders to find suitors for JAL, whose interests span real estate, cement, power, hotels and roads. Nykaa, HUL: Industry players as well as experts have expressed concerns over the GST Council's decision not to reduce the duty on essential items such as detergents, which are available in bar, powder, and liquid formats. Harpreet Singh, Partner, Deloitte India, told PTI that detergents, an equally essential item in every household, appear to have been inadvertently left out. Grant Thornton Bharat Partner and Consumer Leader Naveen Malpani said the Indian beauty and personal care market is growing at a healthy annual rate of 10–11%. "While a reduction in GST rates on cosmetics could have further accelerated growth in this category, especially for premium products, demand remains intact," Malpani said. Swiggy, Eternal: Shares of food delivery companies such as Eternal and Swiggy will likely be in the spotlight on Monday, September 8, as the hike in platform fees by Zomato, Swiggy and Magicpin ahead of the festive season is set to make ordering food costlier for millions of users across the country, which is likely to rise further due to the 18% GST levy on delivery charges from September 22. Britannia: Britannia expects half of its domestic sales to come from rural markets in the next 3 to 4 years, as it is expanding its distribution network to increase its presence in those regions with aspirational buying preferences, said its Vice Chairman and Managing Director Varun Berry. The rural market is "very important" for Britannia, where the maker of Good Day, Marie Gold, and Tiger biscuits reported growth in double digits in the latest April-June quarter and is now amplifying reach through direct distribution to have a "continuous stream" of products being available in those far-flung markets, he added. Jammu and Kashmir Bank: Jammu and Kashmir Bank CEO Amitava Chatterjee on Saturday presented dividend cheques worth ₹130.77 crore to the Union Territory administration -- the financial institution's promoter and major shareholder -- for the financial year 2024-25. Initiating the payment of dividend to shareholders, Chatterjee, the bank's Managing Director and CEO, presented two dividend cheques of ₹122.85 crore and ₹7.92 crore to the UT administration, an official spokesman said. The dividend cheques were handed over to Lieutenant Governor Manoj Sinha at Raj Bhawan, the spokesperson said. Punjab National Bank (PNB): Punjab National Bank (PNB) on Saturday signed a Memorandum of Understanding (MoU) with the Rajasthan government to extend ₹21,000 crore in financial support under the state's Rising Rajasthan initiative. PNB MD & CEO Ashok Chandra said the bank was "delighted to partner in Rajasthan's ambitious growth story", adding that its wide presence and digital capabilities would help drive socio-economic progress. AstraZeneca: Global pharma major AstraZeneca on Saturday announced an investment of ₹176 crore in India to expand capabilities and infrastructure at its Global Innovation & Technology Centre (GITC) in Chennai. The new investment, the third in the past two years in India, will expand the GITC to strengthen its position as a leader in healthcare innovation both globally and in the country, AstraZeneca said in a statement. "This new investment reflects our ongoing mission to improve patient lives by embedding cutting-edge technologies into every aspect of our work. Chennai continues to evolve as a vital innovation hub, and our continued growth here demonstrates the state's boundless potential," AstraZeneca India Pvt Ltd Managing Director Siva Padmanabhan said. BHEL: Shares will be in focus as the state-run entity has entered into a long-term exclusive MOU with Horizon Fuel Cell Technologies Pte Ltd, Singapore. SpiceJet: SpiceJet on Friday reported a net loss of ₹238 crore for the three months ended June, saying expenses related to grounded aircraft and subdued leisure travel demand impacted the financials. Vikram Solar: Shares of leading solar photovoltaic (PV) module manufacturer Vikram Solar will be in focus on Monday, September 8, after it secured a major order from L\&T Construction. In an exchange filing, the company said that it will supply 336 MW of advanced Hypersol G12R solar modules, based on N-type technology. These modules will be deployed in Gujarat's Khavda. This latest mobile offers improved bifaciality of up to 80%, better high-temperature performance and lower year-on-year degradation (≤0.4%). The budget carrier, which had been facing multiple headwinds, raked in a total income of ₹1,190.56 crore in the first quarter of the current financial year. The same stood at ₹2,067.21 crore in the same period a year ago, according to a regulatory filing. In a statement, SpiceJet said the results were significantly impacted by the geopolitical situation with a neighbouring country and airspace restrictions in key markets, which led to subdued leisure travel demand. Aurobindo Pharma: The US FDA inspected Aurobindo Pharma’s Unit-XII, which includes both oral solids and an injectable manufacturing unit situated at Bachupally, Telangana, from August 25 to September 05, 2025. At the end of the current inspection, a ‘Form 483’ was issued with a total of 8 observations for both (oral solids & injectable). All observations are procedural in nature. "We will respond to the US FDA within the stipulated timelines," the company said. Zydus Life: The USFDA conducted an inspection at the group’s injectable manufacturing plant at Jarod, near Vadodara, Gujarat. The inspection was conducted from August 25 to September 5, 2025, and concluded with four observations. There were no data integrity-related observations. The company will work closely with the USFDA to address the observations expeditiously. (With inputs from PTI)