Stocks to Watch today, January 8, 2026: From Tata Steel to Cipla, here is a list of stocks that will be on investors' radar
The special resolutions will be put to vote between January 11 and 13, with an extraordinary general meeting (EGM) scheduled for January 14
Three Proxy advisory firms have supported all three proposals, including stake dilution in favour of Japan-based MUFG Bank, for the Shriram Finance EGM to be held next week. The extraordinary general meeting has been called on January 14 to secure a nod for fund infusion of Rs 39,618 crore or USD 4.4 billion (about Rs 39,600 crore) from MUFG Bank by diluting 20 per cent stake through preferential issue shares. Last month, Japan's Mitsubishi UFJ Financial Group Inc (MUFG) announced its plan to acquire a 20 per cent minority stake in non-bank lender Shriram Finance for Rs 39,618 crore (around USD 4.4 billion), marking the largest cross-border investment in India's financial sector to date. The first two resolutions are the preferential allotment of shares of 20 per cent shareholding to MUFG Bank and the grant of special rights to MUFG Bank. These are special resolutions requiring 75 per cent of votes cast. The third resolution is the USD 200 million non-compete fee being paid by MUFG
Among its top stock picks, JM Financial continues to back large lenders, including State Bank of India (SBI), ICICI Bank, Bank of Baroda (BoB), and Axis Bank
Geojit Investments has a positive outlook on the overall market driven, mainly, by expectations of easing geopolitical risks and moderating tariff differences in 2026
Crisil Ratings expects the MUFG Bank transaction to benefit the Shriram Finance's liability franchise through lower incremental cost of borrowings and should aid in improving its profitability.
Shriram Finance expects fresh NCD pricing to fall 30-40 bps and slip below 8 per cent after its AAA upgrade, but it may delay fund-raising as MUFG's $4.4 billion capital is awaited
The buying on the counter came after Care Ratings upgraded its stance on the company's non-convertible debentures and subordinated debt
Care Ratings upgraded Shriram Finance's NCD and subordinated debt ratings to AAA and reaffirmed its commercial paper rating at Care A1+, citing FY25 and H1FY26 performance
In the past three trading days, the stock price of Shriram Finance has rallied 10% after Japanese lender MUFG Bank said it will invest ₹39,618 cr through preferential allotment of equity shares.
Stocks to buy today: Shrikant Chouhan of Kotak Securities recommends buying Shriram Finance and Varun Beverages; here's why
MUFG Bank said it will not raise its stake above the proposed 20 per cent in Shriram Finance and has no plans to invest in other Shriram Group entities, even as SFL approved a $4.4 billion deal
MUFG Bank's Rs 39,620 crore preferential investment could lift Shriram Finance's capital ratios, support faster AUM growth and a rating upgrade, though RoE may dilute near term
Shriram Finance shares rose to a record high after brokerages said MUFG Bank's proposed investment would sharply lift net worth, capital adequacy and support faster growth
According to Emkay, the deal has the potential to "alter Shriram Finance's growth and profitability trajectory" in several ways
Japan-based Mitsubishi UFJ Financial Group will invest nearly Rs 39,618 crore to acquire a 20 per cent stake in Shriram Finance through a preferential share issue
Shriram Finance said its board has approved entering into definitive agreements with MUFG Bank Ltd for an investment of ₹39,618 crore, or about $4.4 billion
Shriram Finance said the company is on a growth trajectory and routinely explores opportunities that are aimed at enhancing shareholder value
At 9:35 AM, Shriram Finance share price was trading at ₹868, up 2.33 per cent. In comparison, BSE Sensex was trading 0.19 per cent higher at 84,843.85 levels.
Vehicle financiers gain double digits in FY26 as AUM, NIMs and auto loan demand rise. Analysts turn positive on Shriram Finance, M&M Finance, Cholamandalam Investment, and Bajaj Finance