Stocks To Watch: Paytm, Godrej Consumer, JSW Energy, Bansal Wire, Laurus Labs

Paytm parent firm One 97 Communications Ltd., Ceat Ltd. and Godrej Consumer Products Ltd. will be the stocks in focus before going into trade on Monday.

Paytm is poised to sell its 5.4% stake in Japan's digital payments firm PayPay Corp. to investor SoftBank for $250 million or around Rs 2,000 crore.

Ceat has entered into an agreement with the Michelin Group for Camso's off-highway construction equipment tyre and track business.

GPCL expects modest mid-single-digit growth in organic sales for the October-December period, due to weak demand in India over the past few months.

• One 97 Communications: Paytm is poised to sell its 5.4% stake in Japan's digital payments firm PayPay Corp. to investor SoftBank for $250 million or around Rs 2,000 crore.

• Ceat: The company has entered into an agreement with the Michelin Group for Camso's off-highway construction equipment tyre and track business. It acquired Camso's business assets from Michelin for $225 million.

• GPCL: The company expects modest mid-single-digit growth in organic sales for the October-December period due to weak demand in India over the past few months. Standalone business sales are anticipated to show flat UVG and mid-single-digit growth.

• JSW Energy: The company's subsidiary has received a letter of award from NTPC for a 400 MW ISTS-connected solar power project through a tariff-based competitive bid. This adds to the company's total generation capacity, which now stands at 19.6 GW, including 4.4 GW from solar projects.

• Bansal Wire Industries: The company has started production of specialty wires, including bead wire, hose wire and steel tyre cord at its Dadri plant. The official product launch date will be announced soon.

• Inox Green Energy Services: The company has signed a share purchase agreement to sell its entire stake in subsidiaries, including Flurry Wind Energy and Flutter Wind Energy.

• Laurus Labs: The subsidiary has signed a definitive agreement for an equity investment of Rs 120 crore from Eight Roads Ventures and F-Prime Capital. Additionally, the company has agreed to co-invest Rs 40 crore at the same valuation.

• Bajaj Healthcare: The company's API manufacturing site in Gujarat has received approval from the Therapeutic Goods Administration of Australia. The site is already approved by the USFDA and EU.

• NLC India: The company has emerged as a successful bidder for new Patrapara South Coal Mine in Odisha.

• Star Health and Allied Insurance: The company has received a show-cause notice from the Insurance Regulatory and Development Authority of India based on inspection conducted in 2022.