Stocks to watch, Sept 24: NSE, insurance stocks, OMCs, Asian Paints, ONGC, Britannia, HUL, Avantel, Bharat Dynamics

The domestic stock market is expected to open lower. The GIFT NIFTY futures suggest that the NIFTY50 index will open 176 points lower.

All eyes will be on NSE’s listing price, investor response, and trading activity as the exchange transitions into a listed entity, with the debut also putting the spotlight on the company’s growth prospects, profitability, and valuation.

The proposals could alter insurers' distribution costs and commission structures, while the push towards digital, transparent insurance buying could have implications for online insurance distributors such as PB Fintech.

Upstream producers such as ONGC and Oil India could benefit from higher crude realisations, while Indian Oil, BPCL and HPCL may face pressure on marketing margins if higher input costs are not fully passed on.

Paint stocks such as Asian Paints and Berger Paints, tyre makers including MRF and Apollo Tyres, and aviation stocks such as IndiGo could also remain in focus as crude-linked raw material and fuel costs rise.

"Ola Electric today informed the stock exchanges that it is seeking Board approval for a proposed rights issue of equity shares. The rights issue route is being considered to enable participation by all eligible shareholders, including retail, institutional and promoter group, subject to applicable laws," the company said in a statement.

Ola Electric had received an earlier enablement to raise up to ₹1,500 crore, of which ₹780 crore was raised through the June 2026 QIP (qualified institutional placement), and the company has subsequently chosen the rights issue route for its capital raise, with this proposal pending board approval.

The company, which reported a consolidated net profit of ₹100.81 crore on sales bookings of ₹2,354 crore in FY26, is targeting doubling realisable income of around ₹3,000 crore by FY29, up from about ₹1,400 crore in FY26, Murali said.

The higher profit target is expected to be supported by a substantial increase in revenue recognition as projects currently under construction move towards completion, he said.

The stake sale comes a day after Allied Blenders and Distillers said in a filing that its promoter proposes to divest part of its holding to comply with minimum public shareholding norms.

According to bulk deal data on the BSE, Chhabria sold 55 lakh shares, amounting to a 1.96% stake in Mumbai-based Allied Blenders and Distillers (ABD).

The shares were sold at an average price of ₹650.17 apiece, taking the deal value to ₹357.59 crore.

In a regulatory filing, Max Estates Ltd informed that it will enter into a Joint Development Agreement (JDA) for a 9.76-acre land parcel in Indirapuram, Ghaziabad.

The upcoming project will have a super built-up development potential of 1.5 million sq. ft. and an estimated revenue of about ₹2,500-₹3,000 crore.

The proposed transaction is subject to satisfactory completion of due diligence, receipt of all requisite approvals, and execution of the JDA.

Max Estates is one of the leading real estate developers in the country. It is developing many projects in Delhi-NCR.

As per a Press Information Bureau (PIB) report, the contract was signed for the procurement of 160 Satellite Smart Anti-Airfield Weapons (SAT-SAAW), along with associated equipment for the Indian Air Force (IAF) under the Buy (Indian - Indigenously Designed, Developed and Manufactured) category.

The delivery of SAT-SAAW is scheduled between 2027-2028 and 2028-2029, the press release further stated.

Worth ₹177.35 crore, the order includes the supply of satellite communication equipment along with a one-year comprehensive onsite warranty.

The domestic order is expected to be completed by March 2027.

“…we are pleased to inform you that the Company has received a firm Purchase Order dated September 22, 2026, from M/s. Zetwerk Manufacturing Businesses Limited, pursuant to the aforesaid Rate Contract, for the supply of Satellite Communication Equipment,” Avantel said in a regulatory filing.

In a regulatory filing, Concord said the board has proposed issuing bonus shares in a 1:1 ratio, with one bonus equity share of ₹1 each for every one fully paid-up equity share of ₹1 held by shareholders. The bonus shares will be issued by capitalising the share premium account, subject to shareholders’ approval.