Stocks to watch, July 8: IndiGo, ONGC, OMCs, Asian Paints, RCF, Cochin Shipyard, Uno Minda, PC Jeweller

The domestic stock market is expected to open gap-down on Wednesday, July 8. The GIFT NIFTY futures suggest that the NIFTY50 index will open 203 points lower.

Brent crude climbed above $75 a barrel, while WTI rose past $72 after attacks on multiple tankers near the Strait of Hormuz heightened supply concerns.

Upstream oil producers, oil marketing companies (OMCs), aviation, paint and tyre stocks are likely to react to the sharp move in crude prices.

"The milestone enables the commencement of construction across key road infrastructure projects in Jharkhand and Madhya Pradesh, further strengthening the Company's execution pipeline and reinforcing its position as a leading partner in India's infrastructure development," the company said in its press release.

Ceigall India added that the three projects together represent a significant addition to Ceigall India's execution portfolio and underscore the company's continued momentum in delivering complex road infrastructure projects across the country.

In a regulatory filing, the company said the Board has approved the raising of funds by way of a "Further Public Offering through a fresh issue of equity shares by the company aggregating up to ₹1,500 crore".

The decision is subject to the receipt of the approval of the shareholders of the company, the Department of Fertilisers, and the Department of Investment and Public Asset Management (DIPAM).

Rashtriya Chemicals and Fertilisers Ltd is one of the leading fertiliser companies in the country.

This includes a tax payment of ₹30,600 crore across the value chain, providing a stable revenue base supporting public finances, said the report by Steward Redqueen, an Amsterdam, Netherlands-based global impact and sustainability consultancy.

It is equivalent to "1.3% of total state tax revenues" and "0.1% of the GDP", said the report, which was released on Tuesday here.

"For every ₹100 spent on beer by consumers, approximately ₹63 flows to state governments, supporting public services and infrastructure across states," it added.

In 2024-25, UBL purchased ₹6,900 crore worth of goods and services from domestic suppliers, including ₹700 crore spent on agricultural sourcing from Indian farmers.

The drone manufacturing company ideaForge Technology had, in June 2026, received board approval to raise up to ₹500 crore through a mix of equity and debt instruments.

The Navi Mumbai-based company said its board approved fundraising of up to Rs 500 crore through one or more tranches.

Non-retail investors placed bids for more than 2.10 crore shares against the 59.66 lakh shares reserved for them in the base offer, according to exchange data.

Following the strong demand, the government decided to exercise the full greenshoe option, DIPAM Secretary Arunish Chawla said in a post on X.

The OFS opens for retail investors on July 8. At the indicative price of ₹1,414.97 per share, the bids received from institutional investors were valued at over ₹2,900 crore.

In an exchange filing on Tuesday, the jewellery retailer said the repayments were made in line with its objective of becoming debt-free this quarter. The settlement agreement with the consortium banks was signed on September 30, 2024.

The company said the repayment marks a significant milestone in its ongoing turnaround journey. It added that it has now cleared all outstanding dues under the settlement terms with two consortium lenders.

The plant will have an annual capacity of 2.40 lakh units.

To support this new product line, the company's board of directors has approved the setting up of a greenfield manufacturing facility in Chhatrapati Sambhajinagar (formerly Aurangabad), Maharashtra, with a proposed capital expenditure of approximately ₹320 crore, Uno Minda Ltd said in a regulatory filing.

The facility is expected to commence operations by Q4 FY28, it added.

On its foray into the four-wheeler passenger vehicle seating systems segment, the company said it is one of the highest value product categories in the automotive supply chain.

The transaction, which includes a fresh capital infusion, acquisition of the entire shareholding held by the erstwhile promoters and the completion of the mandatory open offer, marks one of the largest deals in India's quick-service restaurant (QSR) sector.

Following the completion of the transaction, Inspira Global now holds a 41.78% stake in Restaurant Brands Asia, the company said in a statement.