Stocks To Watch Today, July 16, 2026: Ather Energy, Exide Industries, HDFC Life, Angel One, Adani Power

Mumbai, July 16: Investors in india on Thursday will be keenly watching Ather Energy shares after the board approved fund raise by HeroMoto Corp and India-Japan Fund (IJF). Exide Industries shares will be under spotlight as company has infused investment in subsidiary company to accelerate lithium-ion play. Read on to know more.

Ather Energy board approves Rs 1,200-crore equity fund raise by Hero MotoCorp, IJF 

Electric two-wheeler maker Ather Energy said on Wednesday that the board has approved an equity fund raise of Rs 1,200 crore through issuance of equity shares and convertible warrants by existing investors including Hero MotoCorp and India-Japan Fund (IJF). Hero MotoCorp will invest Rs 960 crore through warrants at a price to be agreed between both parties while IJF managed by National Investment and Infrastructure Fund will subscribe to equity shares worth Rs 200 crore. Co-founders Tarun Mehta and Swapnil Jain will put in Rs 20 crore each. After the proposed allotment is completed, Hero MotoCorp’s stake will increase to 30.68 percent from 29.48 percent. This is the first tranche of the Rs 2,500 crore fund raise plan. Investors will keep an eye on the pace of capital deployment and updates on proposed QIP. 

Exide Industries pumps in Rs 100 crore in EESL to accelerate lithium-ion play 

Battery maker Exide Industries said on Wednesday (July 15) that it has infused Rs 99.99 crore into its wholly-owned subsidiary Exide Energy Solutions Ltd (EESL) through a rights issue to fund its greenfield multi-gigawatt lithium-ion cell manufacturing project in Bengaluru. With this investment, Exide’s total investment in EESL stands at Rs 4,902.23 crore. Shareholding will remain unchanged at 100 percent. The consideration paid in relation to the transaction by the subsidiary from the holding company was at arm’s length, as it involves related parties. EESL was incorporated in 20,22 with the aim to develop cylindrical, pouch and prismatic cells for electric vehicles and stationary storage applications. However, it has continued to report losses as it is in the scale-up phase. Investors will track when the plant will roll out operations and how fast it can narrow down losses. 

Angel One Q1 profit more than doubles to Rs 231 crore 

Angel One’s consolidated net profit jumped 102.2 percent year-on-year to Rs 231.4 crore in the June quarter from Rs 114.5 crore. Revenue from operations increased 25.4 percent to Rs 1,429.7 crore from Rs 1,140.5 crore. But sequentially profit fell roughly 28 percent from Rs 320 crore in the March quarter as EBITDA dropped 19 percent due to lower trading volumes. Total client base grew 18.8 percent year-on-year to 3.86 crore. Average client funding book grew 45.9 percent to a record Rs 6,140 crore. The board declared a dividend of Re 1 per share as first interim dividend for FY27. Record date is July 21. Angel One investors will keep an eye on stabilising volumes and monetisation of wealth management business. 

Adani Power enters into 25-yr pact with MSEDCL to supply 1,600 MW 

The company has entered into a Power Supply Agreement (PSA) with Maharashtra State Electricity Distribution Company Limited (MSEDCL), for long term sale of power of 1,600 MW from 2×800 MW ultra super critical (USC) thermal power plant to be set up under Design, Build, Finance, Own and Operate (DBFOO) model. Coal linkage for the project has been allotted under Government of India’s SHAKTI Policy. This agreement was awarded subsequent to receipt of Letter of Award by Adani Power from MSEDCL in March wherein Adani Power emerged as the lowest tariff offeror through a competitive process. With this deal, the company has secured long-term power supply agreements for significant portion of its under-construction capacity. Investors will watch out for any updates on financial closure and the timelines for construction. 

HDFC Life Q1 profit up 12% at Rs 611 crore on premium growth 

HDFC Life Insurance saw standalone new business premium increase 12 percent year-on-year to Rs 8,143 crore in the June-ended quarter from Rs 7,272 crore. Annual Premium Equivalent (APE) rose 9 percent to Rs 3,515 crore from Rs 3,225 crore. Retail APE increased 7 percent to Rs 2,969 crore from Rs 2,777 crore. Value of New Business (VNB) grew 9 percent to Rs 879 crore from Rs 809 crore while VNB margin declined to 25 percent from 25.1 percent in the year-ago quarter. Consolidated net profit rose 12 percent to Rs 611 crore on the back of higher renewal premiums while solvency ratio was at 185 percent as compared with 177 percent in March. Investors will watch management commentary on margin trends and its efforts to diversify distribution. 

Sources:

• bseindia.com
• nseindia.com
• PTI
• Company press releases
• Exchange filings