Stocks to Watch, September 3: PNC Infra, TCS, Waaree Energies, Eternal, TBO Tek, JSW Cement, YES Bank, Indus Towers, SBI

Stocks to Watch: Tata Consultancy Services (TCS) has expanded its strategic partnership with Tryg, a leading Scandinavian non-life insurance company that operates in Denmark, Sweden, and Norway. Stocks to Watch: The domestic equity market is expected to open in the red on Wednesday, September 3. The GIFT NIFTY futures suggest that the NIFTY50 index will open 51 points lower. Here is a list of stocks that may remain in focus today. TCS: Tata Consultancy Services (TCS) has expanded its strategic partnership with Tryg, a leading Scandinavian non-life insurance company that operates in Denmark, Sweden, and Norway. As part of the seven-year €550M agreement, TCS will partner with Tryg to simplify and standardise operations across its three major markets and drive technological transformation to accelerate the company’s growth journey. Adani Power: Shares will be in focus as the company on Tuesday said it has received approval from the Ministry of Coal, Government of India, to begin operations at the Dhirauli Mine in Singrauli district, Madhya Pradesh. "This significant development will provide Adani Power with enhanced raw material security, reinforcing its leadership position in the sector," the company said in its press release. PNC Infratech: The company said it has emerged as the lowest (L1) bidder in a tender floated by the Airports Authority of India (AAI) for "Development of Lal Bahadur Shastri International Airport Varanasi". The project comprises the extension of the runway along with the re-carpeting and strengthening of the existing runway and allied works for a quoted amount of ₹297 crore, exclusive of GST. Indus Towers: Telecom infrastructure major Indus Towers on Tuesday said it has received the board approval to foray into the African market. Entry into the African market will mark the first-ever overseas expansion of Indus Towers. "The Board of Directors, at a meeting held earlier in the day, reviewed and deliberated on strategic opportunities to expand the company's footprint across select international markets," the company said in a statement. The company has received approval to foray into African markets, beginning with Nigeria, Uganda, and Zambia, as these markets offer attractive prospects for revenue diversification, operational scalability, and long-term value creation, the statement said. Eternal: Eternal-owned food delivery platform Zomato has increased the platform fee levied on orders to ₹12 from ₹10. TBO Tek: The company announced its agreement to acquire US-based Classic Vacations from Phoenix-based investment firm, The Najafi Companies, for an estimated total purchase of up to $125 million. The acquisition brings together the power of TBO’s first-class technology platform and worldwide inventory with Classic Vacation’s vast network of luxury travel advisors and suppliers. Classic Vacations delivered a revenue of $111 million and an operating EBITDA of $11.2 million in the fiscal year ended December 31, 2024. YES Bank: Fair trade regulator CCI on Tuesday, September 2, cleared Japan's Sumitomo Mitsui Banking Corporation's proposal to acquire up to a 24.99% stake in private sector lender YES Bank. SMBC is a wholly owned subsidiary of Sumitomo Mitsui Financial Group, Inc. (SMFG). It is among the leading foreign banks in India, and SMFG's wholly owned subsidiary, SMFG India Credit Company, is among the largest diversified NBFCs in India. "The proposed combination relates to the acquisition of share capital and voting rights of Yes Bank by Sumitomo Mitsui Banking Corporation (SMBC)," the Competition Commission of India (CCI) said in a release. Britannia, other FMCG stocks: Shares of FMCG major Britannia Industries and its peers, such as Hindustan Unilever (HUL), Nestle India, and Tata Consumer Products (TCPL), among others, are expected to trade actively on Wednesday, September 3. This is because leading food company Britannia on Tuesday said a possible reduction of tax on food products under the proposed GST reforms could help increase consumption in the coming quarters and that the company will extend benefits to consumers. Waaree Energies: Shares of Waaree Energies are expected to be in focus on Wednesday, September 3, as the company on Tuesday, post-market hours, said its board has approved a proposal to acquire a 64% equity stake in Kotson’s for a total consideration of ₹192 crore. Kotson’s Private Limited, established in 1978, is in the business of designing, manufacturing and supplying advanced transformer solutions, a regulatory filing stated. DCM Shriram, Aarti Industries: Shares of the companies will be in focus as DCM Shriram on Tuesday said it has signed an agreement to supply chlorine to drug firm Aarti Industries (AIL). Under this arrangement, DCM Shriram Chemicals will supply chlorine from its chlor-alkali plant to AIL's upcoming downstream chemicals facility at Jhagadia, Gujarat. Both companies will establish a jacketed underground chlorine pipeline between their plants. JSW Cement: JSW Cement Ltd reported a multi-fold increase in its profit before exceptional items and tax of ₹164.74 crore for the first quarter ended June 2025 (Q1 FY26). The company had reported a profit before exceptional items and tax of ₹8.14 crore for the April-June quarter a year ago, according to the regulatory filing from the company, which is part of the $23 billion JSW group firm. The company has reported an overall loss of ₹1,366.41 due to exceptional items. According to the company, pursuant to the shareholders' agreements (SHA) with the investors of Compulsory Convertible Preference Shares (CCPS), 16 crore shares have been converted. State Bank of India (SBI): The country's largest lender, State Bank of India (SBI), on Tuesday said it has raised $500 million through bonds to fund loan growth. The bank has concluded the issue of $500 million senior unsecured fixed-rate notes, having a maturity of 5 years and a coupon of 4.50% payable semi-annually, SBI said in a regulatory filing. The bond is benchmarked against the five-year US Treasury and priced at a spread of 75 bps over the benchmark. The bonds will be issued through the bank's London branch as of September 9, 2025, and listed on the Singapore Stock Exchange and NSE-IX Exchange, GIFT City, it said. (With inputs from PTI)