Stocks to Watch: Medi Assist, SJVN, Ashoka Buildcon, Bata India, Adani Enterprises

Medi Assist's promoter entity is set to sell up to 4% through block deals. SJVN reported a 36% YoY fall in consolidated net profit to Rs 228 crore for Q1FY26. Ashoka Buildcon posted a 45% increase in consolidated net profit to Rs 217 crore. Bata India's net profit declined 70.1% to Rs 52 crore. Adani Enterprises' Adani Defence and Aerospace partnered with Prime Aero to acquire a 100% stake in Indamer Technics. HDFC Bank partnered with VinFast Auto India to provide auto and inventory financing.

The Indian stock market witnessed a series of significant developments this week, with notable announcements from various companies and sector-specific trends. Here’s a rundown of the key events:

Medi Assist Healthcare Services Ltd.

Medi Assist Healthcare Services Ltd. is set to see a significant change in its shareholding structure. The promoter entity, Bessemer India Capital Holdings II Ltd., is likely to exit the company through a block deal worth Rs 560 crore. This deal will see the promoter offloading its entire 15.67% stake in the company, which operates as a third-party administrator for insurers [1]. The floor price for the deal is set at Rs 507 per share, marking a 4% discount from the previous closing price of Rs 527.90 per share. IIFL Capital Services Ltd. is acting as the sole bookrunner for the transaction.

SJVN

SJVN, a leading power generation company, reported a 36% year-on-year (YoY) decline in its consolidated net profit for the first quarter of FY26. The company’s net profit for the quarter ended June 2025 stood at Rs 228 crore, down from Rs 354 crore in the same period last year [4].

Ashoka Buildcon

Ashoka Buildcon, a construction company, reported a robust 45% increase in its consolidated net profit for the first quarter of FY26. The company’s net profit for the quarter ended June 2025 was Rs 217 crore, up from Rs 150 crore in the same period last year [4].

Bata India

Bata India, a leading footwear company, reported a steep 70.1% decline in its net profit for the first quarter of FY26. The company’s net profit for the quarter ended June 2025 was Rs 52 crore, down from Rs 174 crore in the same period last year [4].

Adani Enterprises

Adani Enterprises, through its Adani Defence and Aerospace division, has partnered with Prime Aero to acquire a 100% stake in Indamer Technics. This acquisition aims to bolster the company’s defense capabilities and expand its market presence [4].

HDFC Bank

HDFC Bank has partnered with VinFast Auto India to provide auto and inventory financing for its exclusive dealer network. This strategic partnership is aimed at supporting VinFast’s growth and enhancing its operational efficiency [4].

Market Sentiment

The market rebounded, gaining nearly a percent after a recent downturn, driven by these positive developments. Investors are closely monitoring these announcements for their potential impact on the overall market sentiment and individual stock performances.

References

[1] https://www.ndtvprofit.com/markets/medi-assist-block-deal-promoter-entity-likely-to-exit-via-rs-560-crore-stake-sale
[2] https://www.thehindubusinessline.com/companies/sunil-mittal-led-promoter-entity-launches-1-billion-block-deal-as-it-eyes-part-stake-sale-in-bharti-airtel/article69905925.ece
[3] https://economictimes.indiatimes.com/markets/stocks/news/godfrey-phillips-india-shares-in-focus-after-56-yoy-jump-in-q1-profit-21-bonus-issue-announcement/articleshow/123108526.cms?from=mdr
[4] https://m.economictimes.com/markets/stocks/news/stocks-in-news-medi-assist-sjvn-ashoka-buildcon-bata-india-adani-enterprises/amp_articleshow/123247816.cms