Stocks To Watch, July 10: Tata Elxsi, TCS, Waaree Energies, public sector banks, IDBI Bank, Akzo Nobel India, Prestige Estates

The State Bank of India (SBI), the country's largest lender by assets, is expected to launch its QIP soon. "The bank had in May approved raising ₹25,000 crore in equity capital this year," the report added.

Created by the global index and data provider FTSE Russell, the FTSE4Good Index Series is designed to measure the performance of companies demonstrating strong environmental, social and governance (ESG) practices, JSW Energy said in an exchange filing.

JSW Energy announces that it has been included in the FTSE4Good Index Series. The FTSE4Good indexes are used by a wide variety of market participants to create and assess responsible investment funds and other products, it added.

FTSE Russell evaluations are based on performance in areas like corporate governance, health & safety, anti-corruption and climate change.

In a regulatory filing on Wednesday, Asian Paints said it "has sold its entire holding of 2,010,626 equity shares in Akzo Nobel India Ltd, representing 4.42 per cent of its paid-up share capital." The sale was executed at Rs 3,651 per share through the bulk deal mechanism, it added.

Last month, Sajjan Jindal's JSW Paints announced the acquisition of Dutch paint maker AkzoNobel's India unit in a ₹12,915-crore deal to become the fourth-largest player in the paint industry in the country.

JSW Paints will buy a 74.76% stake in Akzo Nobel India for ₹8,986 crore and launch an open offer to buy another 25 per cent from the open market for up to ₹3,929.06 crore.

The non-convertible debenture (NCD) issue, which opened on Wednesday and was to close on July 22, may see early closure due to the issue being fully subscribed, sources said.

NCDs are debt instruments issued by companies to raise funds from investors, promising fixed interest payments.

The Adani Group's flagship firm promised up to 9.3% interest per annum.

The issue received bids worth over ₹1,400 crore by 15.30 hrs, stock exchange data showed.

The company's sales bookings, or pre-sales, stood at ₹3,029.5 crore in the year-ago period.

In a regulatory filing, the Bengaluru-based company said that it has clocked all-time high sales bookings of ₹12,126.4 crore during the quarter ended June 30, 2025, driven by the Delhi-NCR market, which contributed 59% to total pre-sales.

Prestige Estates has set a target to sell properties worth ₹27,000 crore this fiscal year, an increase of 59% from the previous year.

"IDBI Bank stake sale will be concluded and finalised by October," Moneycontrol reported, citing a source. The assurance comes as the Inter-Ministerial Group (IMG) on disinvestment met on July 9 to discuss the draft Share Purchase Agreement, a crucial milestone before final approvals are sought from higher authorities.