Stocks to Watch Today: Clean Max’s Block Deal, PC Jeweller’s Debt-Free Milestone and Ola Electric’s Rights Issue Meeting

Sensex 73,895.74 after a 7th weekly fall. GIFT Nifty 23,105.5, down 81 pts. Clean Max block deal, PC Jeweller debt-free, Ola Electric rights issue meeting. Data as of 9:25 AM IST, 28 Sep.

Univest’s research desk, led by Ankit Jaiswal (Senior Research Analyst) and Kunal Singla (Associate Director), is tracking a market that has fallen for seven straight weeks while individual stocks keep producing hard catalysts. The Sensex closed Friday at 73,895.74, up 315.20 points or 0.43 percent, but both the Sensex and the Nifty 50 still ended a seventh straight weekly decline, the longest such run since 2020. GIFT Nifty is quoting 81 points lower at 23,105.5 and September series derivatives expire on Tuesday.

Foreign institutions have sold Rs 17,131 crore of Indian shares in September and Rs 2,41,572 crore so far in 2026, according to NSDL data, while elevated crude oil and a US 10-year Treasury yield near 5.2 percent keep pressure on risk appetite. Against that backdrop, the stocks to watch today below are chosen for disclosed events, unusual volume or a clear technical setup, and each carries a stated risk.

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Market Setup Before the Stocks to Watch Today

Technical analysts flag 73,200 to 73,450 as the key Sensex support zone, and the outlook is described as sideways to bearish while the index stays below its recent range. Bharti Airtel was the biggest weekly loser on the Nifty, down 5.7 percent, which shows how broad the selling has been. A three-day bank strike that had been planned was deferred after talks between the Indian Banks’ Association and the bank unions, removing one near-term operational risk for lenders.

Kunal Singla flags that the derivatives expiry adds volatility to the second half of the session, particularly in names inside the F&O ban list, while Ankit Jaiswal watches how the Nifty holds the 23,000 zone before treating any bounce as durable. The table below summarises the stocks to watch today with early-session prices, RSI, SuperTrend direction and market capitalisation.

Stocks to Watch Today at a Glance

Company	CMP (Rs)	RSI (14)	SuperTrend	Market Cap
Clean Max Enviro Energy Solutions	1,444	56.1	Bullish	Rs 16,370 crore
Signatureglobal (India)	803.6	51.7	Bearish, flip at 822.8	Rs 11,094 crore
PC Jeweller	14.25	53.3	Bullish	Rs 13,849 crore
Steel Authority of India (SAIL)	183.9	44.8	Bearish, flip at 190.0	Rs 76,332 crore
Unichem Laboratories	545.6	42.5	Bullish	Rs 3,874 crore
Wheels India	2,328	72.4	Bullish	Rs 5,957 crore
Aequs	248.4	66.7	Bullish	Rs 16,512 crore
Rashtriya Chemicals and Fertilizers	107.8	26.4	Bearish, flip at 115.2	Rs 5,994 crore
Sedemac Mechatronics	3,407	78.6	Bullish	Rs 15,176 crore
Ola Electric Mobility	37.88	49.8	Bullish	Rs 17,819 crore

10 Stocks in Focus and What to Track in Each

Here is what to track in each of the stocks to watch today, with the disclosed trigger, the technical read and one plain statement of risk.

1. Clean Max Enviro Energy Solutions: Investor Exit Talk Meets a 15x Volume Spike in Stocks to Watch Today

Media reports say Augment India I Holdings LLC is likely to sell 85 lakh shares, a 7.25 percent stake, through an offer sized at Rs 1,062.8 crore with a floor price of Rs 1,250 per share. The investor held 9.5 percent of the renewable energy solutions company as of June 2026. The stock is up about 3.5 percent near Rs 1,442 on early volume of 96.9 lakh shares, roughly 15 times its weekly average of 6.3 lakh. It has already swung between Rs 1,288 and Rs 1,457 in early trade.

Technically the trend is constructive: RSI is 56, the MACD line sits above its signal line, and SuperTrend support is at Rs 1,222. The floor price is about 13 percent below the current quote, so the stock is trading well above where the offer is expected to be priced.

Downside watch: A large secondary sale can cap rallies while supply is absorbed, and the reported floor sits far below the market price.

2. Signatureglobal (India): 194-Acre Gurugram Land Acquisition in Stocks to Watch Today

The developer has acquired a land parcel of about 194.22 acres in Farrukhnagar, Gurugram, adding an estimated 6.77 million square feet of developable area with a gross development value of Rs 5,500 to 6,000 crore. Separately, its FY26 disclosure showed net profit rising to about Rs 1,100 crore from about Rs 100 crore on gains from the RMZ transaction, while adjusted EBITDA margin compressed to 9.3 percent.

The stock trades at 10.6 times earnings against an industry multiple of 33.5, but return on equity is only 1.9 percent and debt-to-equity is 1.61, so the low multiple reflects one-off gains rather than steady earnings power. MACD has turned up and RSI is 51.7, yet the SuperTrend line at Rs 822.8 remains overhead.

Risk to note: The headline profit jump is transaction-driven, and leverage is high for a developer adding a large land bank.

3. PC Jeweller: Debt-Free Status Confirmed in Stocks to Watch Today

PC Jeweller has discharged the remaining outstanding debt of all 14 consortium banks under the settlement agreement dated 30 September 2024, with every repayment completed ahead of the scheduled due dates. The company now describes itself as debt-free, closing the bank-settlement chapter of its restructuring.

Valuation is undemanding relative to the sector at 17.9 times earnings against an industry multiple of 49.6, and RSI of 53 with SuperTrend support at Rs 12 keeps the chart constructive. The counter has rallied sharply over six months, so the debt-free headline is partly reflected in the price.

Risk to note: Return on equity is 8.7 percent and the stock is a low-priced, volatile name, so profit booking after a long run is a real possibility.

4. Steel Authority of India (SAIL): Coal Block MoU Meets an F&O Ban in Stocks to Watch Today

The state-owned steelmaker signed a memorandum of understanding with Bharat Coking Coal Ltd for the joint development and operation of two coal blocks in West Bengal, a move that bears on its coking coal supply. The stock is also in the F&O ban list ahead of Tuesday’s September series expiry, which means no fresh derivative positions can be opened until open interest falls.

SAIL trades at 17.9 times earnings against an industry multiple of 24.0 and offers a 1.27 percent dividend yield. RSI is 44.8, MACD is slightly below its signal line and the SuperTrend flip level is Rs 190, roughly 3 percent above the quote.

Downside watch: Expiry-week unwinding in banned derivatives can move a stock sharply, and the trend remains below its SuperTrend line.

5. Unichem Laboratories: Five USFDA Observations Start a 15-Day Clock in Stocks to Watch Today

The USFDA inspected the company’s Goa formulation facility in Pilerne from 21 to 26 September and closed the inspection with five observations that the company describes as related to procedural enhancements. A response is due within 15 days. The company also disclosed an order relating to a Rs 87.07 crore GST penalty and Rs 6.58 crore of interest, and said it plans to pursue further appeals.

The stock closed the previous session at Rs 549.70 and trades at 12.7 times earnings against an industry multiple of 38.4, but return on equity is only 2.9 percent. RSI is 42.5 and SuperTrend support sits at Rs 485.

Downside watch: How the regulator receives the response to the observations, and the outcome of the GST appeals, will decide whether the overhang clears.

Check Live Prices, RSI and Fundamentals for Every One of the Stocks to Watch Today on Univest Screener

6. Wheels India: QIP Allotted, Stock Well Above Issue Price in Stocks to Watch Today

The auto ancillary maker allotted 11.97 lakh shares at Rs 2,088 each in its qualified institutional placement, which closed on 25 September. The price is Rs 109.10 below the floor of Rs 2,197.10. Aditya Birla Sun Life AMC, SBI Mutual Fund, WhiteOak Capital and Ashoka India Equity Investment Trust were among the allottees, and the raise works out to roughly Rs 250 crore.

The stock now trades near Rs 2,328, about 11.5 percent above the QIP price, with RSI at 72.4 and MACD positive. At 35.8 times earnings against an industry multiple of 39.1, valuation is not stretched relative to peers, but momentum is.

Downside watch: An RSI above 70 and fresh institutional allottees sitting on gains raise the chance of a pause or profit booking.

7. Aequs: Rs 650 Crore Promoter Warrant Issue in Stocks to Watch Today

The board approved a preferential issue of up to 2.8 crore warrants to Mellwood Trustee Services, a promoter group member, aggregating about Rs 650 crore. Half of the amount, Rs 325 crore, is payable upfront on allotment, which is twice the regulatory minimum. The size implies roughly Rs 232 per warrant, a discount of about 6.5 percent to the current quote.

Promoter money going in is usually read as a confidence signal, and the technical picture agrees: RSI is 66.7, MACD has crossed above its signal line and SuperTrend support is Rs 223.

Downside watch: The company is loss-making with EPS of minus Rs 2.54 and trades at 11 times book value, so the valuation rests on future earnings, and warrants add to the share count on conversion.

8. Rashtriya Chemicals and Fertilizers: Rs 797 Crore Ammonia Plant Revamp Order in Stocks to Watch Today

The state-owned fertiliser maker approved placing a purchase order worth Rs 797 crore, excluding taxes, with Larsen and Toubro for the revamp of its ammonia plant. This is spending by RCF rather than an order win, and it points to a modernisation of core capacity.

The stock is deeply oversold with RSI at 26.4, and MACD has just started to turn up. It trades at 13.4 times earnings against an industry multiple of 23.1 with a 2.15 percent dividend yield, but the SuperTrend line at Rs 115.2 still marks a downtrend.

Risk to note: Capex of this size can add to borrowings, with debt-to-equity already at 0.81, and oversold readings can persist in a downtrend.

9. Sedemac Mechatronics: New Plant Starts, Valuation Stretched in Stocks to Watch Today

The engineering company has started limited commercial production at its new manufacturing facility in Shinde village, Khed taluka, Pune district, adding capacity to a business that has drawn heavy institutional buying since listing. Recent block trades were struck near Rs 3,010, and the stock now sits about 13 percent above that level.

Return on equity is a strong 23.1 percent, but the stock trades at 126.6 times earnings against an industry multiple of 72.6 and 33.8 times book value. RSI is 78.6, deep in overbought territory, with SuperTrend support at Rs 2,909.

Downside watch: Stretched momentum and a valuation well above peers leave little room for disappointment on the ramp-up.

10. Ola Electric Mobility: Rights Issue Board Meeting Today in Stocks to Watch Today

The board meets today to consider, among other items, a proposal to raise funds through a rights issue of equity shares. A rights issue offers existing shareholders the first right to subscribe, usually at a discount, and adds to the share count for anyone who does not take up their entitlement.

The stock trades near Rs 37.9 after quoting at Rs 41.25 on 24 September. The company is loss-making with EPS of minus Rs 3.76 and return on equity of minus 54.7 percent, so fresh capital matters for the balance sheet. RSI is 49.8 and SuperTrend support is Rs 36.2.

Downside watch: The size, price and timing of any rights issue are unknown until the board decides, and dilution risk is real for non-participating holders.

Other Stocks in the News Beyond Today’s Stocks to Watch

Adani Power completed the merger of 10 wholly owned subsidiaries with itself, effective 25 September after approval from the Ahmedabad bench of the NCLT. Fortis Healthcare said it was a complete stranger to the dispute involving Daiichi Sankyo and the Singh brothers. Prestige Estates Projects said its hospitality subsidiary withdrew its draft offer document citing strategic considerations and uncertain market conditions.

Sunteck Realty received a GST show-cause notice with a total demand of Rs 59.44 crore for FY23, and Indian Energy Exchange said a subsidiary applied to the Coal Controller Organisation for coal exchange registration on 25 September. PB Fintech is up about 2 percent from an RSI of 24.8 after its IRDAI-driven slide, a bounce rather than a trend change so far. Rhetan TMT signed a non-binding MoU with Bajaj Tubular Products for 20,000 tonnes of TMT bars over 24 months, with estimated commercial potential of Rs 250 to 300 crore, though the stock is down about 5 percent on the day.

Kaynes Technology India, LIC Housing Finance, Manappuram Finance and SAIL are in the F&O ban list. Aastha Spintex trades ex-date for its bonus issue. Deep Jewellers, Rays of Belief and Prasol Chemicals report June 2026 quarter results today.

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How to Use This List of Stocks to Watch Today

A watchlist is a starting point, not a trade instruction. Read each disclosure, check whether the price has already moved, size positions so that one wrong call cannot damage the portfolio, and treat the flagged risks as seriously as the catalysts. Stocks that combine a real event with unusual volume, such as Clean Max and Wheels India, deserve the closest attention, while names with stretched momentum, such as Sedemac Mechatronics, are better tracked for pullbacks than chased.

Conclusion

The stocks to watch today share one trait: each has a documented trigger that can be verified in company or exchange filings. In a market on a seven-week losing run, that discipline matters more than any single call. Track the Clean Max offer pricing, the Unichem response to the USFDA, the Ola Electric board outcome and the expiry-driven moves in SAIL, and consult a SEBI-registered adviser before acting.

Frequently Asked Questions

What are the stocks to watch today, 28 September 2026?

Ans. The stocks to watch today are Clean Max Enviro Energy Solutions, Signatureglobal, PC Jeweller, SAIL, Unichem Laboratories, Wheels India, Aequs, Rashtriya Chemicals and Fertilizers, Sedemac Mechatronics and Ola Electric Mobility, each with a disclosed trigger.

Why is the market cautious in today’s session?

Ans. GIFT Nifty is down 81 points at 23,105.5, the Sensex and Nifty 50 have fallen for seven straight weeks, foreign investors have sold Rs 17,131 crore in September, and September series derivatives expire on Tuesday. That backdrop is why company-specific triggers drive the stocks to watch today.

Which of today’s stocks to watch has block deal news?

Ans. Clean Max Enviro Energy Solutions, where Augment India I Holdings is reported to be selling 85 lakh shares, a 7.25 percent stake, at a floor price of Rs 1,250 per share in an offer of Rs 1,062.8 crore.

Is PC Jeweller debt-free now?

Ans. PC Jeweller says it has discharged all outstanding debt of the 14 consortium banks under its 30 September 2024 settlement agreement, with every repayment completed ahead of schedule.

What do five USFDA observations mean for Unichem Laboratories?

Ans. The company describes the five observations at its Goa facility as related to procedural enhancements and must respond within 15 days; the outcome of that response is the key thing to watch.

Which stocks are in the F&O ban list today?

Ans. Kaynes Technology India, LIC Housing Finance, Manappuram Finance and SAIL are in the F&O ban list ahead of the September series expiry on Tuesday.

Why is Ola Electric among the stocks to watch today?

Ans. Its board meets today to consider a rights issue of equity shares; the size, price and timing will be known only after the board decides, and the outcome affects dilution for existing shareholders.