Stocks to Watch: Bajaj Finance, GRSE, LIC, Meesho, ITC, Tata Investment

Capital Raising, Results and Index Changes Put These Stocks in Focus

A mix of fundraising, quarterly earnings, government support and benchmark reshuffling is driving the day’s watchlist.

A large equity issue leads the company updates

Bajaj Finance has launched a qualified institutional placement (QIP) to raise ₹11,700 crore, with an indicative issue price of ₹1,025 a share. That is a 5 per cent discount to its last NSE closing price and above the stated SEBI floor price of ₹992.25. The issue makes the company’s capital-raising plans a central focus for investors assessing the stock.

A QIP brings in equity capital from institutional investors. For existing shareholders, the issue price and final terms will be important reference points; issuing new shares can also dilute their ownership percentage. The supplied details do not specify the intended use of the proceeds, so investors will need further disclosures to assess how the capital may support the business.

Earnings and contracts offer different signals

Garden Reach Shipbuilders & Engineers reported a 12 per cent rise in net profit to ₹172 crore for the quarter ended September, supported by higher revenue from operations. The update puts execution and revenue conversion in focus, although the information provided does not include further details on margins or the company’s outlook.

Cochin Shipyard has secured a ₹498 crore Defence Ministry contract to refit and repower the Navy’s guided-missile frigate INS Betwa. The order adds a specific project to the company’s work pipeline, but delivery timelines and the pace of execution will matter in judging its contribution to future performance.

Other earnings updates are mixed. Mishra Dhatu Nigam more than doubled September-quarter net profit to ₹27.8 crore, while revenue rose 41 per cent to ₹295.9 crore. Bajaj Hindusthan Sugar, by contrast, reported a 15.23 per cent widening of its consolidated net loss to ₹121.28 crore, with its core sugar business remaining loss-making. These contrasting results underline why investors should distinguish between revenue growth and the ability to translate it into profits.

Index reshuffle and ownership plans in focus

LIC and Meesho are among four stocks being added to the MSCI Global Standard Index, alongside Coforge and Adani Green Energy. PI Industries is being removed. Index changes can draw attention from investors tracking benchmark-linked portfolios, but inclusion alone does not establish a company’s operating or valuation outlook.

Separately, Indian Overseas Bank, Punjab & Sind Bank and Central Bank of India are working on share sales intended to reduce government ownership in line with SEBI’s mandate. IOB has indicated a tentative timeline for its proposed QIP, while the other two lenders have yet to finalise theirs. The eventual terms and timing will be important for assessing the fundraising and ownership implications.

Policy, pricing and leadership bring additional catalysts

The government has set a ₹62,370 crore subsidy for phosphatic and potassic fertilisers for the 2026-27 rabi season, 50 per cent above the subsidy for the kharif season that just ended. The increase is relevant to fertiliser producers and the wider farm-input chain; the company-level effect will depend on how the support translates into demand and business performance.

ITC is also in focus after reports that it raised the price of a Gold Flake RSFT pack by ₹10 to ₹135, its first such increase since February 2026. Tata Investment Corporation said Noel Tata retired as chairman and director at the close of business on November 11, with Bahram Vakil appointed chairman from November 12. Meanwhile, Fairfax Financial Holdings plans to sell its nearly 11 per cent stake in IIFL Finance, with the sale intended to unlock funds for its planned IDBI Bank stake purchase.

Key Highlights

• Bajaj Finance has launched a ₹11,700 crore QIP at an indicative price of ₹1,025 per share.
• GRSE’s September-quarter net profit increased 12 per cent to ₹172 crore.
• LIC and Meesho are among the additions to the MSCI Global Standard Index; PI Industries is being removed.
• The government announced ₹62,370 crore in P&K fertiliser subsidy for the 2026-27 rabi season.
• Cochin Shipyard won a ₹498 crore Navy vessel refit and repowering contract.
• Updates on PSU bank share sales, ITC pricing and leadership at Tata Investment Corporation add to the stock-specific news flow.

Investor Note: Treat the watchlist as a guide to company and policy developments, not as a set of trading signals. For each stock, assess the full terms of any fundraising, the quality and sustainability of earnings, and execution details that may emerge after the initial announcement.