Stocks to Watch, September 3: PNC Infra, TCS, Waaree Energies, Eternal, TBO Tek, JSW Cement, YES Bank, Indus Towers, SBI
Market Recap – September 2, 2025
Indian equity markets ended Tuesday on a cautious note after a volatile session. The BSE Sensex closed marginally higher, supported by banking and infrastructure stocks, while IT and energy counters weighed on sentiment. Despite Foreign Portfolio Investors (FPIs) remaining net sellers, sustained buying from Domestic Institutional Investors (DIIs) provided stability. Broader indices mirrored the benchmarks with stock-specific action dominating trade.
Stocks to Watch Today – September 3, 2025
The spotlight today will be on PNC Infra, Tata Consultancy Services (TCS), Waaree Energies, Eternal (Zomato), TBO Tek, JSW Cement, YES Bank, Indus Towers, and SBI following major corporate announcements. Developments ranging from strategic partnerships, acquisitions, approvals, overseas expansions, bond issuances, and quarterly results are expected to drive stock movements.
Today’s Market Opening – September 3, 2025
The domestic market is expected to open in the red. GIFT Nifty futures indicate a 51-point gap-down start for the NIFTY50 index, reflecting weak global cues and investor caution ahead of key macroeconomic data. Added volatility is expected as traders adjust to the midweek expiry shift announced by NSE.
Key Stocks in Focus Today
Tata Consultancy Services (TCS)
TCS has expanded its strategic partnership with Tryg, a leading Scandinavian non-life insurance company operating across Denmark, Sweden, and Norway. The seven-year €550 million deal will see TCS drive technology transformation, streamline operations, and support Tryg’s growth journey.
Adani Power
The company has received approval from the Ministry of Coal to commence operations at the Dhirauli Mine in Singrauli, Madhya Pradesh. This move is expected to provide greater raw material security and strengthen Adani Power’s leadership position in the sector.
Also Read :- No CIBIL Score? First‑Time Borrowers Can Still Get Loans, Says Government
PNC Infratech
PNC Infra emerged as the lowest bidder in Airports Authority of India’s project for the development of Varanasi’s Lal Bahadur Shastri International Airport, including runway extension and strengthening, valued at ₹297 crore (excluding GST).
Indus Towers
Telecom infrastructure giant Indus Towers has received board approval to enter the African market, beginning with Nigeria, Uganda, and Zambia. This marks the company’s first international foray, with plans to diversify revenues and build scalable overseas operations.
Eternal (Zomato)
Food delivery platform Zomato, owned by Eternal, has increased its platform fee to ₹12 from ₹10 per order. The move could impact order economics and customer retention.
TBO Tek
TBO Tek will acquire US-based Classic Vacations from The Najafi Companies in a deal worth up to $125 million. The acquisition combines TBO’s tech-driven platform with Classic Vacation’s luxury travel network.
YES Bank
The Competition Commission of India (CCI) has cleared Japan’s Sumitomo Mitsui Banking Corporation (SMBC) to acquire up to a 24.99% stake in YES Bank. This marks one of the largest foreign investments in India’s banking sector this year.
Britannia & FMCG Peers
Shares of Britannia, HUL, Nestle India, and Tata Consumer may see action after Britannia indicated that a possible GST reduction on food products could boost consumption in upcoming quarters.
Waaree Energies
The solar solutions provider has approved the acquisition of a 64% stake in Kotson’s Private Limited for ₹192 crore. Kotson’s is engaged in advanced transformer manufacturing, expanding Waaree’s clean energy ecosystem.
DCM Shriram & Aarti Industries
DCM Shriram signed an agreement to supply chlorine to Aarti Industries via a dedicated underground pipeline in Gujarat. This collaboration strengthens supply chain reliability for the chemical industry.
JSW Cement
The company reported a multi-fold jump in Q1 FY26 profit before tax to ₹164.7 crore from ₹8.1 crore last year. However, overall results reflected a net loss of ₹1,366 crore due to exceptional items.
State Bank of India (SBI)
India’s largest lender raised $500 million via senior unsecured bonds, maturing in five years at a 4.5% coupon. The funds will be used to support loan growth and credit expansion.
Broader Market Outlook
Investors are likely to remain cautious as global bond yields, crude oil prices, and US economic data weigh on sentiment. While DIIs continue to support Indian equities, FPI outflows and profit-booking could trigger volatility. Sectors such as IT, banking, and energy may drive near-term market direction, while stock-specific news will dominate intraday moves.
Disclaimer :- This article is for informational purposes only and should not be construed as investment advice. Stock market investments are subject to risks. Investors should consult certified financial advisors before making any trading or investment decisions.
