Let's catch up on the latest news from the stock market. From significant investments to major deals, order wins, merger, and appointments, here’s a quick look at which stocks will be in focus in today's trade:
AJC Jewel Manufacturers, and Prabhat Technologies (India) will announce their quarterly earnings on August 28.
Sri Lotus Developers and Realty Q1 (Consolidated YoY)
Profit tanks 35.8% to Rs 25.8 crore Vs Rs 40.2 crore
Revenue sinks 49.2% to Rs 61.3 crore Vs Rs 120.7 crore
Stocks to Watch
The Rakesh Gangwal family is likely to sell up to a 3.1% stake in IndiGo via block deals, with the offer size at Rs 7,027 crore and a floor price of Rs 5,808 per share, reports CNBC-TV18 quoting sources.
The company has received the Establishment Inspection Report (EIR) with a No Action Indicated status for its Central Laboratory Analytical Services in Hyderabad. The US FDA had conducted the inspection of the said laboratory during June 23–25 and concluded it with zero Form 483 observations.
The Telangana High Court has granted an interim stay on the impugned order and the income tax reassessment proceedings related to the merger of Dr Reddy’s Holding into the company, until the next date of hearing.
The company’s subsidiaries—BSE Investments and BSE Administration and Supervision—have received approval from their respective Boards of Directors to initiate a merger with BSE Technologies.
The company is enhancing its manufacturing capabilities by setting up a new canning line facility at the existing Nizam Brewery in Telangana. This facility will primarily produce certain premium products of Kingfisher and Heineken. The company will invest Rs 90 crore for the proposed capacity addition of 0.4 mhl, compared to the existing capacity of 0.5 mhl. It has also received all requisite regulatory approvals, including the final building permit order issued by the Industrial Area Local Authority – Kothlapur.
SBI Cards and Payment Services
The pure-play credit card issuer announced a strategic alliance with e-commerce marketplace Flipkart for the launch of the Flipkart SBI Credit Card. This co-branded credit card aims to enhance affordability and value for customers of Flipkart, Myntra, Shopsy, and Cleartrip.
The company has received an order worth Rs 88.02 crore from IndiaAI, an Independent Business Division under the Ministry of Electronics and Information Technology, for the immediate allocation of 1,024 H200 SXM GPUs (128 H200-8X) to GAN AI, which has been selected to build India’s foundational AI model.
The company has received a purchase order from a customer for a scanning and digitization project. The aggregate value of the order is Rs 73.12 crore.
Oil India has signed a joint venture agreement with Bharat Petroleum Corporation (BPCL) to execute a city gas distribution network in Arunachal Pradesh. The project includes establishing CNG stations and providing piped natural gas (PNG).
Power Grid Corporation of India
The company has been declared the successful bidder to establish an inter-state transmission system in Karnataka. The project involves transmission system strengthening at Davanagere for the integration of renewable energy generation, under the build-own-operate-transfer (BOOT) model. The company has received the Letter of Intent (LoI) for the said project.
The company has signed a license agreement for a hotel property—Lemon Tree Resort in Pench, Maharashtra. The property will be managed by its subsidiary, Carnation Hotels.
The company's subsidiary, HTL, has received a contract worth Rs 101.82 crore from the Indian Army for the supply of tactical optical fiber cables and related accessories.
The company has received the ISCC PLUS certification (International Sustainability and Carbon Certification), further strengthening its global leadership in sustainable and traceable supply chains.
The company has signed a joint venture agreement with Texmaco Rail & Engineering to undertake projects in the railway and allied infrastructure sectors. The proposed shareholding will be 51% for RVNL and 49% for Texmaco Rail.
Dr Agarwal's Health Care, Dr Agarwal's Eye Hospital
Both entities have received approval from their respective Boards of Directors for a scheme of amalgamation under the Dr Agarwal’s Group. The merger is expected to streamline operations and enable unified management, driving efficiency and strategic alignment.
Bulk and Block Deals
TPG Asia, an affiliate of the global private equity firm TPG, exited the pharma company by selling entire 14.72% stake (3.07 crore shares) for Rs 2,675.6 crore. However, of shares sold by TPG, Goldman Sachs (Singapore) Pte bought 11.04 lakh shares at Rs 871.05 per share valued at Rs 96.2 crore, and Societe Generale acquired 14.06 lakh shares at Rs 871 per share for Rs 122.5 crore.
Ace investor Sunil Singhania's Abakkus Asset Manager picked 64.3 lakh shares (equivalent to 0.67% stake) in the company at Rs 100 per share, amounting Rs 64.3 crore from Edelweiss Employees Welfare Trust, and Edelweiss Employees Incentives and Welfare Trust.
Singapore-based investment company Integrated Core Strategies (Asia) has acquired 1.04 crore shares (equivalent to 1.68% stake) in the auto component maker at Rs 454.51 per share, valued at Rs 474.5 crore.
Plutus Wealth Management bought 20 lakh shares (0.55% stake) in the Kolkata-based solar panels maker at Rs 352.33 per share, amounting to Rs 70.47 crore.
Plutus Wealth Management purchased 42.5 lakh shares in housing finance company at Rs 119.69 per share, valued at Rs 50.86 crore.
BNP Paribas Financial Markets sold 5.53 crore shares in the hypermarket chain at Rs 152.8 per share, and Integrated Core Strategies (Asia) offloaded 2.41 crore shares at Rs 152.64 per share, which totalled to 794 crore shares (1.7% stake) amounting to Rs 1,213.4 crore.
BNP Paribas Financial Markets sold 17.8 lakh shares (0.62% stake) at Rs 3,266.21 per share, valued at Rs 582.6 crore.
BNP Paribas Financial Markets offloaded 4.19 lakh shares in the company at Rs 19,794.72 per share, for Rs 829.7 crore.
Yashwant Amratlal Thakkar bought 4 lakh shares (1.19% stake) at Rs 300 per share, valued at Rs 12 crore.
iShares Core MSCI Emerging Markets ETF acquired 75.77 lakh units in Nexus Select Trust (0.5% stake) at Rs 145.99 per unit, amounting to Rs 110.6 crore.
Promoters Kalpathi Subramaniam Ganesh, Kalpathi Subramanian Suresh, and Kalpathi Subramanyam Aghoram cumulatively sold 66 lakh shares (7.05% stake) in Veranda for Rs 151.8 crore. However, Authum Investment & Infrastructure bought additional 58 lakh shares (6.2% stake) at Rs 230.1 per share, amounted to Rs 133.45 crore, and Goldman Sachs (Singapore) Pte acquired 7.6 lakh shares (0.81%) at Rs 229.95 per share, valued at Rs 17.49 crore.
Mainboard Listing on August 28
Mangal Electrical Industries
Stocks Trade Ex-Dividend
Aster DM Healthcare
Gujarat Pipavav Port
Jyothy Labs
Procter & Gamble Hygiene and Health Care
Route Mobile
Speciality Restaurants
Magna Electro Castings
Vedant Fashions
Mitsu Chem Plast
Oriental Rail Infrastructure
AAA Technologies
Abirami Financial Services
Diamines & Chemicals
Stock Trades Ex-Date for Income Distribution (InvIT)
Altius Telecom Infrastructure Trust
Stock Trades Ex-Bonus
DMR Hydroengineering & Infrastructures
Stock in F&O Ban
RBL Bank
Stock Out of F&O ban
Titagarh Rail Systems
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