Stocks to Watch Today: Zomato, Paytm, IIFL Securities, BEML, and More in Focus

Here’s a quick look at the stocks likely to grab attention in today’s trading:

• Zomato & Paytm: Zomato has bought Paytm’s ticketing business for ₹2,048.4 crore ($244 million), including the ‘TicketNew’ and ‘Insider’ platforms, helping Zomato expand into entertainment. Paytm will now focus more on its financial services.
  
• IIFL Securities: SEBI has fined IIFL Securities ₹11 lakh for not following stockbroker rules, mainly due to issues with client funds and securities from April to July 2022.
  
• IREDA: The Indian Renewable Energy Development Agency plans to raise up to ₹4,500 crore to support green energy projects. The final decision will be made on August 29.
  
• Alkem Laboratories: A 0.7% stake in Alkem Laboratories (8.5 lakh shares) is up for sale at a 3% discount, which might affect the stock’s short-term price.
  
• BEML: BEML has partnered with the Indian Navy to develop new marine technologies, focusing on designing and creating key marine equipment for defense.
  
• Paras Defence: Paras Defence has received an industrial license to manufacture advanced defense products like thermal imaging and radar systems in Navi Mumbai, marking a big step in its growth.
  
• Zen Technologies: Zen Technologies has launched its Qualified Institutions Placement (QIP) with plans to raise around ₹800-1,000 crore to support its expansion in defense technology.
  
• Cyient DLM: Cyient Ltd sold a 14.5% stake in its subsidiary Cyient DLM for ₹879 crore, with Morgan Stanley as a major buyer. This sale aligns with Cyient Ltd’s broader investment strategy.
  
• Kalyan Jewellers: The promoter of Kalyan Jewellers, Trikkur Sitarama Iyer Kalyanaraman, bought a 2.36% stake in the company for ₹1,300 crore, showing confidence in its growth.
  
• Procter & Gamble Health: The company saw a 43.7% drop in net profit in the June 2024 quarter due to a one-time loss, despite lower costs. Revenue also fell by 5.7%.
  
• Shriram Properties: Shriram Properties aims to double its sales to ₹5,000 crore by FY27, focusing on mid-income housing with plans to deliver 15-16 million square feet of residential projects.
  
• India Grid Trust: Esoteric II Pte plans to sell a 17.32% stake in India Grid Trust through an Offer for Sale (OFS) on August 22-23, with a floor price of ₹132 per share, which could impact trading volumes.