Stocks to watch, September 7: Tata Motors, oil-linked stocks, SBI, IFCI, Lupin, NMDC, HUL, IndusInd Bank

The domestic stock market is expected to open lower on Monday, September 7. The GIFT NIFTY futures suggest that the NIFTY50 index will open 88 points lower.

Upstream oil producers such as ONGC and Oil India could benefit from higher crude realisations. At the same time, OMCs, including Indian Oil, BPCL, and HPCL, may face margin pressure if elevated crude prices are not fully passed on to consumers.

Higher fuel costs are also negative for paints and tyre companies, including Asian Paints, Berger Paints, Apollo Tyres and MRF, as crude-linked inputs account for a significant portion of their costs.

Aviation stocks such as IndiGo and SpiceJet could also remain under pressure as a sustained rise in crude prices increases aviation turbine fuel (ATF) costs, which are a key operating expense for airlines.

The proposed ₹30,000 crore issue is entirely an offer-for-sale (OFS), allowing existing shareholders to monetise their holdings.

SBI, the largest listed selling shareholder, plans to sell around 2.47 crore NSE shares, while NIACL and GIC Re are expected to offload nearly 1.05 crore and 1.1 crore shares, respectively.

Bank of Baroda is also set to sell up to around 1.1 crore shares.

Meanwhile, IFCI has indirect exposure to NSE through its 52.8% stake in Stock Holding Corporation of India, which owns around 4.4% in NSE.

The IPO could therefore unlock significant value for these shareholders, with the impact particularly relevant for SBI and the PSU insurers given their very low acquisition costs for the NSE stake.

Acquired via outright purchase, the premium residential project spans a total land area of 4.04 acres and holds an estimated revenue potential of over ₹2,700 crore, the press release said.

"Designed to cater to the growing demand for luxury housing in Hyderabad, Brigade Barcelona will comprise 650+ high-quality homes. The project offers expansive 3 BHK and 4 BHK apartments tailored for modern urban lifestyles," it added.

The company has received approval from the United States Food and Drug Administration (US FDA) for its Abbreviated New Drug Application (ANDA) for Modafinil Tablets USP in 100 mg and 200 mg strengths, Lupin said in a regulatory filing.

The approved product is bioequivalent to the reference listed drug (RLD), Provigil Tablets of Nuvo Pharmaceuticals (Ireland) DAC.

The medication is indicated to improve wakefulness in adult patients with excessive sleepiness associated with narcolepsy, obstructive sleep apnea (OSA), or shift work disorder (SWD), the company said.

The company saw its consolidated crude steel production rising 3% year-on-year (YoY) to stand at 24.65 lakh tonnes in August 2026, compared with a production of 23.82 lakh tonnes in the same month of the preceding year.

Under the Ministry of Steel, Hyderabad-based NMDC alone caters to the country's 20% need of iron ore -- a key raw material needed to produce steel.

IndusInd Bank faced a severe governance and accounting crisis in 2025 centred around its microfinance subsidiary, Bharat Financial Inclusion Ltd (BFIL).

The bank reversed ₹674 crore of cumulative interest income recognised incorrectly across FY25. A further ₹172 crore was disclosed as fraud, where employees falsely reported the sum as fee income in the microfinance business.

The company, which has 68% of its total sales coming from SUVs overall, is also witnessing SUV penetration of 69% in the rural markets, he said in an interaction.

Hyundai Motor India Ltd (HMIL) is also intensifying its rural focus on network expansion, with six out of every ten new outlets being opened in such markets, he added.

"I will not be surprised if in another three to four years we can reach about 30%," Garg said when asked how the company is looking at rural penetration going up, especially with its two upcoming new products -- a midsize SUV and a compact electric SUV.

The FMCG major plans to increase capital expenditure (capex) to "enable growth and productivity" from 2%, the level it maintained over the last five years, to 3 per cent, as it looks to capture the "New India opportunity" with consumption growth.

Hindustan Unilever Ltd (HUL), part of Unilever Plc, the British multinational consumer packaged goods company, registered a revenue of ₹63,763 crore in FY26 and has 21 brands in its portfolio, each with turnover of more than ₹1,000 crore. It sells 85 billion packs in a year and has a wide reach of 9 million outlets.

The company's future strategy focuses on five anchor therapy areas: pain management, wellness, women's health, neuroscience, and transplant immunology. It aims to build new avenues for growth by protecting and extending the equity of brands such as Voveran, Calcium Sandoz, Methergin, Tegrital, Myfortic, and Simulect.

Vikas Gupta, Managing Director and Chief Executive Officer, Novartis India, stated that the company is focusing on deepening its reach into non-metro markets where its specialist franchises remain under-penetrated relative to their potential. This expansion is viewed as a direct lever for volume growth.

The purpose-built facility, which will have a capacity of up to 1 Gigawatt (GW), is designed to support frontier AI companies and hyperscalers with high-density, liquid-cooled compute infrastructure on a global scale, the company said in a regulatory filing.

"HyperVault, a subsidiary of Tata Consultancy Services (TCS), has secured 264 acres of land to develop a large-scale AI data centre campus of up to 1GW capacity in Hyderabad.

The offer is being made through TML CV Holdings B.V., and the acceptance period will run from September 7 to October 26, 2026, according to a joint announcement by Tata Motors and Iveco Group on Friday.

The offer price of EUR 14.10 per common share is on a cum-dividend basis.

The transaction is the latest step in Tata Motors' proposed acquisition of Iveco, with the offer document having received approval from Italy's market regulator Consob.

The approval cleared the way for the shareholder acceptance process.

The MoU was signed at BEML Headquarters, Bengaluru, by Sandeep Manohar Matey, Chief General Manager & Head-SBU (Sustenance), BEML Ltd, and Sharad Thussu, Vice President, Mining & Construction Division, UMPESL.

The partnership combines BEML's OEM (Original Equipment Manufacturer) expertise in heavy mining equipment with UMPESL's extensive capabilities in field service, maintenance and fleet management, officials said.

In the year-ago month, the output was 1.55 million tonnes, a company statement said.

Total sales last month stood at 1.87 million tonnes (MT), registering a 13% increase over 1.65 MT in the year-ago period.

SAIL said it has strengthened its financial position, reducing borrowings by ₹870 crore from the March 31, 2026 level.

Gupta said the electronics manufacturer is "identifying high-growth, high-value product opportunities" across these verticals, and is defining a capability roadmap and execution framework spanning capital allocation, talent development and strategic partnerships to accelerate Dixon's evolution into what he called "a globally competitive manufacturing platform”.

As Dixon enters 2026-27, its priorities “remain consistent”, the CFO said: scaling backward integration investments to full production, deepening its joint venture pipeline in IT hardware, telecom and mobiles, and growing exports.