Stocks To Watch Today: RIL, RITES, TCS, REC, Jio Financial Services & More

Here are the top 10 stocks to watch today which are likely to be on price action on Thursday, 7th September.

Rites

A Memorandum of Understanding (MoU) has been signed by RITES Limited and iHUB DivyaSampark, IIT-Roorkee, to work together on projects, events, and network facilitation to explore opportunities for innovation related to Cyber Physical Systems, with a focus on developing technology- and Industry 4.0-based solutions, as well as AI-based solutions, to meet the needs of the industry. Both organisations will work together and explore AI applications in areas including rolling stock maintenance, inspection, bridge maintenance, office management, and airports, among others.

Jio Financial Services

From September 7, the National Stock Exchange (NSE) Indices, including the Nifty 50, will no longer include Jio Financial Services (JFS).

Reliance Industries

On Wednesday, Reliance Retail Ventures Ltd. (RRVL) announced that it went into a joint venture to purchase a 51% shareholding in Ed-a-Mamma, a company founded by Bollywood star Alia Bhatt.

TVS Motor

The TVS Apache RTR 310, the newest model to join the venerable Apache lineup, has been revealed by TVS Motor Company. Speaking on the occasion, Mr. Sudarshan Venu, Managing Director, TVS Motor Company said, "TVS Motor Company has always transformed and redefined technology with the TVS Apache series at the helm, where we brought to life tech led innovations such as ride modes, slipper clutch, connectivity, fully adjustable suspension and the Built to Order Platform. The global launch of the all the new TVS Apache RTR 310 marks a momentous occasion for us, as this motorcycle encapsulates Apache's 18 year legacy of innovation and performance. With the TVS Apache RTR 310, we're taking our engineering to a whole new level, offering enthusiasts a motorcycle that's not only powerful but also brings together different technologies to give a unique riding experience. This motorcycle is positioned to be the flagship product for many global markets including India, Europe, LATAM and ASEAN."

Speaking at the launch, Vimal Sumbly, Head Business - Premium, TVS Motor Company, said, "The TVS Apache RTR 310 is the first of a new generation of Apache's that inherit a 40 year racing pedigree and are based on our 'Track to Road' philosophy. This machine will be the start of a new era of Freestyle Performance Motorcycling with a core essence of thrill and fun. With many defining technologies, this flagship Apache like every other Apache will lead in technology setting new benchmarks for the category. Its cyborg inspired streetfighter design, all range torque and track tuned agility, elevates the fun of motorcycling for the new age riders - Power to Play for the Freestyler."

Lemon Tree Hotels

The newest addition to the Lemon Tree Hotels portfolio is the Lemon Tree Hotel, Mashobra. The property will be operated by Carnation Hotels Private Limited, a fully-owned subsidiary and the management arm of Lemon Tree Hotels Limited, after it becomes operational in Q1 of FY 2026. The 48 elegantly decorated rooms at Lemon Tree Hotel, Mashobra will also have a restaurant, a bar, a banquet hall, a swimming pool, conference spaces and other public areas. Kalka Railway Station is roughly 98 kilometres from the property, while Shaheed Bhagat Singh International Airport in Chandigarh is about 135 km away. Both public and private transportation have easy access to the hotel via the nearby roadways.

Lupin

Lupin Limited (Lupin) and Mark Cuban Cost Plus Drug Company (Cost Plus Drugs) entered into a novel partnership to increase healthcare access by making Tiotropium Bromide Inhalation Powder, 18 mcg/capsule, available to COPD patients in the US.
Spiro Gavaris, President US Generics, Lupin said, "We believe there is a large unmet need for improved and affordable products for patients in the US. As a leading healthcare organization, we are committed to increasing access for patients, seeking treatment options for respiratory conditions like COPD, with our respiratory portfolio and pipeline. Our collaboration with Mark Cuban Cost Plus Drug Company and the COPD Foundation reflects our intent to provide quality treatment options for patients."

"We are excited to work with Lupin and the COPD Foundation to bring lower prescription drug prices to consumers," said Alex Oshmyansky, CEO of Mark Cuban Cost Plus Drug Company. "Cost Plus Drugs, Lupin and the COPD Foundation all share a common goal of providing consumers the lowest possible price for their prescription medication. With Cost Plus Drugs, consumers can be confident they are getting a fair price and the convenience of medication mailed directly to their homes."

"Accessible and affordable medications are a pathway to a healthier, more empowered life for COPD patients," said Jean Wright, M.D., CEO of the COPD Foundation. "Breathing freely shouldn't come at the cost of financial strain. Having a generic option will ensure that vital treatments remain within reach, allowing patients to prioritize their health."

Sonata Software

Sharmila Sherikar has joined Sonata Software as Senior Vice President and Head of Corporate Development, the company has announced. Sharmila will lead Sonata's strategic corporate cross-functional transformation initiatives in her role as a member of the Executive Leadership Team.

"We are delighted to have Sharmila join Sonata to catalyze our hyper-growth by focusing on defining, evolving, and driving strategic change and corporate development programs. We wish her the very best as we continue driving top quartile growth performance in the industry." said Samir Dhir, Managing Director and Chief Executive Officer at Sonata Software.

"I am excited to be a part of Sonata Software, a company of great legacy. As the company journeys through its high growth phase, I look forward to working with various internal and external teams to strengthen our stakeholder relations and deliverables, with amplified operational rigor and excellence," said Sharmila.

TCS

To speed up the digital transition, Jaguar Land Rover (JLR) strengthens its relationship with Tata Consultancy Services ('TCS'). The agreement, which is worth more than £800 million over the next five years and will assist JLR in developing a streamlined and cutting-edge IT infrastructure, is going to net spending of JLR and releasing free cash flow. Nigel Blenkinsop, Executive Director, Enterprise Performance & Quality, JLR said: "Building world class partnerships and maximising the benefits of being part of the Tata Group is a key part of our Reimagine strategy. Consistent with this, we are pleased to expand our long-term relationship with TCS to accelerate our digital transformation. Their breadth of capabilities and deep understanding of our business will further enhance our ability to transform and simplify our IT estate at pace, ensuring we can deliver a modern luxury experience for our clients."

Anupam Singhal, Business Group Head - Manufacturing, TCS said: "We are pleased to be selected by JLR as their strategic partner to help manage and transform their Digital estate as well and help them build a new, future-ready digital core that will support their Reimagine strategy and electrification plans. This is a truly bi-modal partnership where the efficiencies from leaner operations will help fund the new digital core, while our contextual knowledge and expertise will de-risk and accelerate that transformation,"

Biocon

A subsidiary of Biocon Ltd, Biocon Biologics Ltd (BBL), stated that, as of September 1, 2023, the company has successfully integrated the biosimilars business it acquired from Viatris throughout North America (the United States and Canada). By the end of the year, Biocon Biologics anticipates having more than 150 workers in North America as a result of the completion of this integration.

REC

On Wednesday, the firm announced that it had entered into a $100 million foreign currency term loan deal with the Export-Import Bank of India (EXIM Bank). The loan will be refinanced in order to provide further credit to its borrowers in the infrastructure, logistics, and power industries.