Stocks to Watch Today 29 May 2026: Ankit Jaiswal of Univest Picks GMR Power, Ola Electric, IDFC First Bank, Coal India and Q-Line Biotech

The stocks to watch today on 29 May 2026 are selected by Ankit Jaiswal, Senior Research Analyst at Univest. Today’s stocks to watch today session – first after the Bakri Id holiday (Eid-ul-Adha) market holiday on 28 May. Markets reopen today with two major live catalysts: the Coal India OFS retail window is open today (floor price Rs 412, non-retail 2x oversubscribed on Day 1), and Q-Line Biotech lists on NSE SME today – India’s largest SME IPO of 2026 subscribed 987 percent overall with a GMP of Rs 102 indicating an expected debut near Rs 445. Today’s five picks span infrastructure power, EV mobility, private banking, PSU mining and biotech diagnostics.

Market Context for Stocks to Watch Today 29 May 2026

• First session after: Bakri Id market holiday on 28 May 2026 (NSE and BSE were closed)
• Key catalysts today: Coal India OFS retail window open (floor Rs 412) | Q-Line Biotech lists on NSE SME at 10 AM
• Also listing today: Autofurnish on BSE SME and Bio Medica Laboratories on NSE SME
• F&O: Weekly expiry shifted from 28 May (holiday) to today 29 May – expect elevated F&O-driven volatility across banking and IT stocks

Stocks to Watch Today: All 5 Picks for 29 May 2026

1. GMR Power and Urban Infra (NSE: GMRP&UI) — Rs 109, Analyst Target Rs 166.50, Infrastructure Conglomerate at Discount

CMP: Rs 109  |  52W High: Rs 136.95  |  52W Low: Rs 89  |  PE: 11.44  |  Market Cap: ~Rs 8,750 crore  |  Analyst 12M Target: Rs 166.50  |  Rating: Strong Buy (2 analysts, 0 Sell)

GMR Power is the infrastructure stocks to watch today leader among stocks to watch today infrastructure picks at Rs 109 – 20.4 percent below its 52-week high of Rs 136.95 and 22.5 percent above its 52-week low of Rs 89. The company operates India’s first private-sector ultra-super-critical thermal power plant (GMR Kamalanga Energy) alongside an energy segment with 1,679.35 MW gross capacity, four operational road projects covering 349.48 km and the Krishnagiri Special Investment Region (SIR) with 1,032 acres of industrial land.

GMR Power acquired a 29.14 percent equity stake in GMR Energy Limited, deepening its renewable energy footprint alongside the core thermal and roads portfolio. The 12-month analyst consensus target is Rs 166.50 – implying 52.8 percent upside from the current price of Rs 109. With 2 Buy ratings and 0 Sell ratings, the stock has clean institutional conviction despite its recent correction. At PE of 11.44 and PB of 4.02, GMR Power is valued at a discount to its infrastructure asset base. The first session after a market holiday often sees infrastructure and power names benefit from domestic institutional catch-up buying.

• Entry Zone for stocks to watch today: Rs 106 to Rs 111
• Target stocks to watch today: Rs 130 to Rs 140 (1 to 2 months) | Analyst 12M target Rs 166.50
• Stop-Loss stocks to watch today: Rs 98 weekly close (below 52W low support zone)
• Today’s catalyst (stocks to watch today): 20% below 52W high. Analyst target Rs 166.50 (+52.8%). 1,679 MW energy capacity. Krishnagiri SIR expansion.

2. Ola Electric Mobility (NSE: OLAELEC) — Rs 39.24, Q4 FY26 Gross Margin 38.5%, First Cash-Flow Positive Quarter

CMP: Rs 39.24  |  52W High: Rs 71.25  |  52W Low: Rs 22.25  |  PE: Negative (loss-making)  |  Market Cap: ~Rs 17,308 crore  |  Q4 FY26 Gross Margin: 38.5%

Ola Electric is the contrarian EV stocks to watch today pick at Rs 39.24 – a high-risk, high-conviction divergence play. Q4 FY26 delivered a landmark: Ola Electric’s first-ever cash-flow positive quarter, with gross margin of 38.5 percent – the highest in its history and 424 basis points better than Q3 FY26. The FY26 shareholder letter cited 38.5 percent Q4 gross margin, first cash-flow positive quarter and Gigafactory scaling to 6 GWh as the three structural milestones.

There is a sharp divergence between the operational story and the stock price reaction. Q4 FY26 revenue of Rs 265 crore fell 56.6 percent year on year due to a steep 61 percent decline in vehicle deliveries and 10 percent lower average selling prices – leading multiple brokerages (Citi: Sell, target Rs 26; Emkay: Sell) to maintain cautious ratings citing weak volume recovery and high fixed costs. The counter-argument: Q1 FY27 registrations have already surpassed Q4 FY26 volumes per company disclosures, suggesting the volume trough was Q4 FY26 itself. FY26 total deliveries were 173,794 vehicles at Rs 2,253 crore full-year revenue. The Gigafactory at 2.5 GWh operational (targeting 6 GWh) gives Ola Electric a unique cost advantage as cell manufacturing ramps. At Rs 39.24, the stock is 66 percent above its 52-week low of Rs 22.25 – showing the floor has been established. Consult a SEBI-registered advisor before investing.

• Entry Zone: Rs 37 to Rs 40
• Target: Rs 52 to Rs 58 (2 to 3 months, if Q1 FY27 volume recovery prints)
• Stop-Loss: Rs 32 weekly close
• Catalyst: First cash-flow positive quarter. Gross margin 38.5% – highest ever. Q1 FY27 registrations above Q4 FY26. Gigafactory 6 GWh target.

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3. IDFC First Bank (NSE: IDFCFIRSTB) — Rs 71, Weekly F&O Expiry Today, 52W Low Rs 58.08

CMP: Rs 71  |  52W High: Rs 87  |  52W Low: Rs 58.08  |  PE: 36.20  |  PB: 1.24  |  Market Cap: ~Rs 59,704 crore  |  FY26 EPS: Rs 1.89

IDFC First Bank stocks to watch today banking pick with two simultaneous catalysts: the weekly Nifty Bank options expiry has been shifted from Thursday 28 May (market holiday) to today (29 May, Friday) – creating unusually elevated F&O activity and intraday volatility for banking stocks. At Rs 71, IDFC First Bank is 18.4 percent below its 52-week high of Rs 87 but comfortably above its 52-week low of Rs 58.08.

IDFC First Bank, formed by the merger of IDFC Bank and Capital First in December 2018, has been building a comprehensive universal banking franchise. FY26 EPS was Rs 1.89 with PE of 36.20 times. PB of 1.24 times is attractive given the bank’s retail lending growth trajectory and 98.7 percent digital transaction mix. The bank’s Q4 FY26 earnings call was held on 26 April 2026. Key concerns: ROE remains low at approximately 5.64 percent over the past three years as the bank invests heavily in branch network and product expansion. Key positives: NIM remains strong at approximately 5.6 percent, and the digital-first infrastructure (FASTag, credit cards, mobile banking) gives it recurring fee income lines that most small private banks lack.

• Entry Zone: Rs 68 to Rs 72
• Target: Rs 80 to Rs 84 (1 to 2 months)
• Stop-Loss: Rs 63 weekly close
• Catalyst: Weekly F&O expiry TODAY (shifted from 28 May holiday). 18.4% below 52W high. NIM 5.6%. Digital-first banking franchise.

4. Coal India (NSE: COALINDIA) — Rs 463, OFS Retail Window Open TODAY, Floor Price Rs 412

CMP: Rs 463  |  52W High: Rs 491.25  |  52W Low: Rs 368.65  |  OFS Floor Price: Rs 412  |  Market Cap: ~Rs 2,85,600 crore  |  Q4 FY26 PAT: Rs 10,908 crore (+12% YoY)

Coal India is the key PSU stocks to watch today with a live OFS catalyst with the most actionable catalyst: the Coal India OFS retail window is open TODAY from 9:15 AM to 3:30 PM. Retail investors can bid at or above the floor price of Rs 412 – a discount of approximately 11 percent to yesterday’s close of Rs 458.15 and approximately 10.6 percent below today’s CMP of Rs 463. The non-retail institutional window on 27 May (Day 1) was subscribed over 2 times at an indicative price of Rs 417.62, with bids for 11.52 crore shares against 5.54 crore offered – signalling strong institutional appetite.

Coal India is the world’s largest coal producer. Q4 FY26 consolidated PAT was Rs 10,908 crore (+12 percent YoY). Revenue from operations grew 6 percent to Rs 46,490 crore. Board recommended a final dividend of Rs 5.25 per share for FY26 – at the OFS floor price of Rs 412, the dividend yield is 1.27 percent on the final dividend alone. In-session, the OFS floor price creates a technical floor for the stock – Coal India is unlikely to fall significantly below Rs 412 while the OFS window is open. The government’s stake reduces from 63.13 percent to approximately 61.13 percent (if fully subscribed including greenshoe). Consult a SEBI-registered advisor before bidding in the OFS or buying in the open market.

• OFS Application (stocks to watch today): Bid at Rs 412 or above through your broker’s OFS window by 3:30 PM TODAY
• Open Market Entry: Rs 455 to Rs 466 (post-OFS drift toward Rs 420-430 is possible; patience required)
• Target: Rs 485 to Rs 491 (toward 52W high) – medium-term hold
• Stop-Loss: Rs 420 weekly close (near OFS floor zone)
• Catalyst: OFS retail window open TODAY. Q4 PAT +12%. Dividend Rs 5.25/share. World’s largest coal producer.

5. Q-Line Biotech (NSE SME: QLINE) — Listing TODAY on NSE SME, Issue Price Rs 343, GMP Rs 102 – Expected Near Rs 445

Issue Price: Rs 343  |  GMP: Rs 102 (pre-listing)  |  Expected Listing: ~Rs 445 (+30%)  |  52W High: N/A (listing today)  |  Subscribed: 987% overall

Q-Line Biotech is the top listing-day pick in today’s stocks to watch today as India’s largest SME IPO of 2026 by issue size (Rs 214.48 crore) makes its NSE SME debut at 10 AM. The grey market premium of Rs 102 as of the pre-listing session indicates an expected opening near Rs 445 – a potential 29.7 to 30 percent gain over the issue price of Rs 343. The subscription figures were exceptional: 987 percent overall, with QIBs at 519 percent, NII at 1,095 percent and retail at 1,007 percent.

Q-Line Biotech, incorporated in 2013 and based in Lucknow, is an In-Vitro Diagnostics (IVD) company manufacturing reagents, rapid test kits, diagnostic equipment, haematology instruments and point-of-care devices. It serves 150-plus national and international clients. Pre-IPO anchor investor Vikas Vijaykumar Khemani invested Rs 14.94 crore at Rs 343 – the issue price itself – providing strong institutional validation at the upper band. FY25 revenue was Rs 322.58 crore. For allottees: a GMP of Rs 102 on a 987 percent subscribed SME IPO with institutional anchor validation is among the most compelling listing setups of 2026. Watch the opening price at 10 AM on NSE SME. If the stock opens above Rs 430 and holds, the 30-percent-plus listing gain is intact. If it opens below Rs 380, reassess before deciding. Consult a SEBI-registered advisor before any listing day trading.

• Issue Price: Rs 343 per share (upper band)
• GMP (pre-listing): Rs 102 | Expected opening: ~Rs 445 (+29.7%)
• Subscription: 987% overall | QIB 519% | NII 1,095% | Retail 1,007%
• Pre-IPO anchor: Vikas Khemani – Rs 14.94 crore at Rs 343
• Watch level stocks to watch today: Opening price at 10 AM on NSE SME – if above Rs 430 and holding, momentum is real

Risk Factors for Stocks to Watch Today

• Weekly F&O expiry TODAY (shifted from 28 May): Intraday volatility will be elevated across banking and IT names as option writers unwind. Use limit orders rather than market orders for entry.
• Coal India OFS floor pressure: The Rs 412 OFS floor pulls the open market price toward it. Coal India at Rs 463 could drift to Rs 430-440 range post-OFS – not a collapse, but a normal post-discount-stake-sale adjustment.
• Q-Line Biotech SME liquidity: NSE SME stocks have narrower secondary market liquidity. A strong opening can reverse quickly on profit booking. Size positions at 25-30% of normal allocation.
• Ola Electric sell-side pressure: Citi (Sell, Rs 26 target) and Emkay (Sell) overhang creates institutional selling on any bounce. This is a retail-momentum pick, not an institutional conviction play.
• Post-holiday gap: Global cues during 28 May holiday (crude, US-Iran developments, GIFT Nifty) may create a positive or negative gap at open. Check GIFT Nifty before placing positions.

Conclusion

The stocks to watch today on 29 May 2026 from Ankit Jaiswal’s stocks to watch today: GMR Power (Rs 109, analyst target Rs 166.50, infrastructure conglomerate), Ola Electric (Rs 39.24, first cash-flow positive quarter, 38.5% gross margin), IDFC First Bank (Rs 71, F&O expiry today, 18% below 52W high), Coal India (Rs 463, OFS retail window open today at Rs 412 floor) and Q-Line Biotech (listing today on NSE SME, issue price Rs 343, GMP Rs 102, expected near Rs 445). Consult a SEBI-registered advisor before acting on any stocks to watch today picks.

is 66% above its 52-week low of Rs 22.25 – the floor appears established. Citi and Emkay retain Sell; the contrarian case is volume recovery in Q1 FY27. High risk. Consult a SEBI-registered advisor before investing.

Disclaimer: This article is for informational and educational purposes only. Nothing in this article constitutes investment advice, a recommendation to buy or sell securities, or a solicitation of any offer to buy or sell securities. Univest is a SEBI-registered research analyst (INH000014019). Readers should conduct their own research and consult a SEBI-registered investment advisor before making any investment decisions. Past performance of any stock or sector is not indicative of future results. Investments in equity markets are subject to market risks.

FAQs on Stocks to Watch Today 29 May 2026

Which stocks to watch today are recommended on 29 May 2026?

Ans. Stocks to watch today per Ankit Jaiswal: GMR Power (Rs 109, analyst target Rs 166.50), Ola Electric (Rs 39.24, Q4 gross margin 38.5%, first cash-flow positive quarter), IDFC First Bank (Rs 71, weekly F&O expiry today), Coal India (Rs 463, OFS retail window open today at Rs 412 floor) and Q-Line Biotech (listing today on NSE SME, issue price Rs 343, GMP Rs 102, expected ~Rs 445).

Is the Coal India OFS open today for retail investors?

Ans. Yes. The Coal India OFS retail window is open TODAY (29 May 2026) from 9:15 AM to 3:30 PM. Floor price is Rs 412 – approximately 11% below Tuesday’s close of Rs 458.15. No additional retail discount. The non-retail window on 27 May was 2x oversubscribed at Rs 417.62. Bid through your broker’s OFS section at or above Rs 412.

What is the Q-Line Biotech expected listing price today?

Ans. Q-Line Biotech lists on NSE SME today (29 May 2026) at 10 AM. The pre-listing GMP is Rs 102, indicating an expected opening near Rs 445 – approximately 30% above the issue price of Rs 343. The IPO was subscribed 987% overall (QIB 519%, NII 1,095%, Retail 1,007%). Watch the 10 AM opening price before making any trading decision.

Why is IDFC First Bank a stock to watch today?

Ans. IDFC First Bank at Rs 71 is in focus because the weekly Nifty Bank F&O expiry has been shifted from 28 May (market holiday) to TODAY (29 May). This creates elevated intraday volatility in banking names. At Rs 71, the stock is 18.4% below its 52-week high of Rs 87 with NIM at 5.6% and 98.7% digital transaction mix supporting the franchise.

Why is Ola Electric a stock to watch today despite Sell calls?

Ans. Ola Electric at Rs 39.24 delivered its first cash-flow positive quarter in Q4 FY26 with gross margin of 38.5% – the highest in company history. Q1 FY27 registrations already exceed Q4 FY26 volumes. The stock