Stocks to watch: Coforge, PNB Bank, NBCC, Vedanta among 10 shares in focus

The Indian stock market is expected to remain active today as investors track corporate developments, sector-specific cues, and global market trends. Several stocks are likely to stay in focus due to fresh news, order wins, financial updates, or sector momentum. From IT and PSU banking to metals and infrastructure, the action spans multiple sectors.

Here is a detailed look at 10 stocks to watch today, including Coforge, PNB Bank, NBCC, and Vedanta, along with key reasons why these shares may see heightened activity.

1. Coforge

Sector: Information Technology

Coforge remains in focus as IT stocks continue to react to deal wins, order pipeline visibility, and global demand outlook. Mid-cap IT companies have recently attracted investor attention due to selective buying after corrections. Any updates related to new contracts, client additions, or management commentary could influence Coforge’s stock movement.

Additionally, currency movement and expectations around global IT spending play an important role in shaping sentiment for IT stocks like Coforge.

2. Punjab National Bank (PNB)

Sector: PSU Banking

PNB Bank is likely to stay active amid continued interest in PSU banks. Investors are closely monitoring asset quality trends, recovery from bad loans, and credit growth momentum. PSU banks have shown improvement in balance sheets over recent quarters, which has boosted confidence.

Any update related to capital adequacy, government stake, or loan recovery can impact PNB Bank shares in the short term.

3. NBCC (India)

Sector: Infrastructure / Real Estate PSU

NBCC remains in the spotlight due to ongoing developments in government-backed infrastructure and redevelopment projects. The stock often reacts to news related to fresh project awards, monetisation plans, and execution updates.

With the government’s continued focus on infrastructure development, NBCC may witness trading interest, especially from retail and long-term investors.

4. Vedanta

Sector: Metals & Mining

Vedanta shares are closely tracked due to movements in global commodity prices, particularly aluminium, zinc, and oil. The stock also attracts attention because of dividend-related expectations and corporate restructuring discussions.

Any change in metal prices, debt reduction plans, or operational updates from subsidiaries can influence Vedanta’s stock performance.

5. Tata Motors

Sector: Automobile

Tata Motors is likely to be in focus amid demand trends in passenger vehicles and electric vehicles (EVs). Investors are also watching the performance of its luxury arm and domestic commercial vehicle sales.

Updates related to monthly sales data, EV strategy, or global auto market cues could impact the stock.

6. Reliance Industries

Sector: Energy, Retail & Telecom

Reliance Industries remains a key market mover due to its heavy weight in benchmark indices. The stock may react to developments in its retail expansion, telecom subscriber growth, or energy transition initiatives.

Crude oil price movement and global energy cues also play a role in shaping sentiment for Reliance shares.

7. Larsen & Toubro (L&T)

Sector: Engineering & Construction

L&T is expected to be watched closely as investors track order inflows, execution pipeline, and capex trends. Infrastructure and defence-related projects continue to support long-term prospects for the company.

Any large order announcements or strategic updates can lead to short-term stock movement.

8. State Bank of India (SBI)

Sector: PSU Banking

SBI remains a favourite among PSU banking stocks due to its strong balance sheet and market leadership. Investors are focusing on loan growth, digital banking initiatives, and asset quality improvements.

Sector-wide banking sentiment and interest rate expectations may influence SBI shares during the trading session.

9. Adani Ports and SEZ

Sector: Logistics & Ports

Adani Ports is in focus as cargo volume growth, expansion plans, and global trade trends remain key drivers. The company’s performance often reflects broader economic activity and export-import trends.

Any updates related to port capacity expansion or operational efficiency could impact the stock.

10. Power Grid Corporation of India

Sector: Power Transmission (PSU)

Power Grid shares may see attention due to steady earnings visibility and its role in India’s power infrastructure expansion. PSU power stocks are often preferred by investors seeking stability and dividend income.

Government policy support and power sector reforms continue to remain long-term positives for the company.

Market Outlook

Overall market sentiment today is expected to be influenced by:

• Global equity market trends
• Commodity price movement
• Institutional investor activity
• Sector-specific news flow

Stocks across IT, banking, metals, and infrastructure are likely to witness stock-specific action rather than broad-based moves. Traders are advised to keep an eye on volume activity and key technical levels, while long-term investors may focus on fundamentally strong companies during market dips.

Disclaimer

This article is for informational purposes only and does not constitute investment advice. Investors are advised to conduct their own research or consult a financial advisor before making any investment decisions.