Stocks to Watch, July 17: Polycab, Jio Financial, Indian Hotels Co, Axis Bank, Wipro, HDFC AMC, SBI, LTIM, Tech Mahindra

In a regulatory filing, SBI on Wednesday said it would raise up to ₹20,000 crore by issuing bonds to domestic investors during the current fiscal.

Separately, SBI also launched its share sale to institutional buyers via qualified institutional placement (QIP) on Wednesday at a floor price of ₹811.05 apiece. The bank said it may offer a discount of up to 5% on the floor price.

The bank is looking to raise up to ₹25,000 crore through the QIP.

The floor price is at a discount of 2.46% over the Wednesday closing share price of ₹831.55 apiece.

Nodwin Gaming has intimated to Nazara about its proposal to raise fresh capital from certain existing shareholders to pursue aggressive growth in its esports and youth media business.

"The company, in line with its sharper strategic focus on core gaming IPs, has decided not to participate in the proposed capital raise by Nodwin. Consequently, the proposed capital raise will result in the shareholding of the company in Nodwin falling below 50 per cent," Nazara said in the filing.

Nodwin is an e-sports platform of Nazara, which owns properties like Dreamhack and Comic Con.

Nazara held a 52.1% stake in Nodwin Gaming in 2023-24.

Nodwin had posted revenue of ₹523.8 crore in the financial year 2025.

The 70-year-old firm invested ₹20 crore in the initial setup of the 20,000 square metre facility at Rotterdam's port, with plans to invest another ₹15 crore over three years.

The move marks LT Foods' entry into Europe's business-to-consumer market through its organic arm Nature Bio Foods Limited, complementing its existing business-to-business operations.

In a regulatory filing, the company said its board of directors, at its meeting held on Wednesday, "approved seeking enabling authority from the members for raising funds up to ₹6,000 crore."

The fundraise will be through "the issuance of equity shares and/or equity-linked instruments and/or other eligible securities to qualified institutional buyers by way of a Qualified Institutions Placement and/or follow-on public offer or a combination thereof", the filing said.

Dixon has signed separate agreements with Chinese electronic component firms -- Chongqing Yuhai Precision Manufacturing Co. Ltd. and the Indian arm of Kunshan Q Technology -- for manufacturing and sales of electronic components used in electronic devices like mobile phones and laptops, among others.

"Due process will be followed when their application comes under Press Note 3 rules," an official said.

Net profit of Mumbai-based Kalpataru Ltd, which got listed on stock exchanges recently, stood at ₹24.30 crore in the year-ago period.

Total income, however, rose to ₹667.21 crore in the January-March quarter of the 2024-25 fiscal year from ₹535.22 crore in the corresponding period of the preceding year, according to a regulatory filing.

During the entire 2024-25 fiscal year, the company posted a net profit of ₹21.62 crore. It had reported a loss of ₹94.98 crore in the preceding year.

The mining company said that it has received a letter of intent from the Ministry of Mines for one of the first potash blocks in the country.

"The company secured the block under Tranche V of e-auction by the Central Government in the month of May 2025," it said.

The block is located in the Hanumangarh district of Rajasthan, covering an area of over 1,800 hectares.

India heavily relies on potash imports and has been exploring ways to reduce its dependence on imports. India's potash imports primarily come from countries like Russia, Canada, Belarus, and Israel. Potash is a key mineral in the fertiliser industry used to produce NPK fertilisers.

The Rajkot-based company in the filing stated that its board has approved the opening of the issue of qualified institutional placement (QIP) of equity shares with a floor price of ₹114.42 per equity share from July 15.

The issue closes on July 21. The company may offer a discount of not more than 5% on the floor price for the issue, the filing said.

The company had logged a net profit (attributable to owners of the company) of ₹851.5 crore in the year-ago period, according to a regulatory filing.

The Pune-based company's revenue from operations for the first quarter of 2025-26 grew 2.65% to ₹13,351.2 crore from ₹13,005.5 crore in the same period last year.

Sequentially, net profit declined by 2.2%, and revenue saw a marginal dip of 0.2% from the preceding quarter.

It had posted a net profit (attributable to equity shareholders of the company) of ₹313.6 crore in the corresponding quarter of the previous fiscal year, according to a regulatory filing.

Its revenue from operations during the quarter under review rose 16.4% to ₹2,866 crore compared to ₹2,461.9 crore in the year-ago period.

Seen sequentially, profit rose 1.4%, but revenues declined by 3.9%.

The standardisation of six airbags will result in an average ex-showroom price increase of 1.4% in Ertiga and 0.5% in Baleno, the country's largest carmaker said in a regulatory filing.

The price increase will come into effect from July 16, 2025, it added.

In a regulatory filing on Wednesday, Godrej Properties said it has entered Raipur with the acquisition of around 50 acres of land.

The company will develop premium plotted residential units in this project, with an estimated saleable area of around 9.5 lakh square feet.