Top gainers & losers: Stocks that moved the most on August 26
Top gainers and losers today: Except FMCG, all other sectoral indices ended in the red with PSU Bank, metal, pharma, oil & gas, consumer durables, realty, telecom down 1-2%.
Indian stock markets ended the session on August 26 on a weak note. At close, the Sensex was down 849.37 points or 1.04 percent at 80,786.54, and the Nifty was down 255.70 points or 1.02 percent at 24,712.05. About 1,167 shares advanced, 2,751 shares declined, and 125 shares unchanged. Except FMCG, all other sectoral indices ended in the red with PSU Bank, metal, pharma, oil & gas, consumer durables, realty, telecom down 1-2%. The BSE midcap index shed 1.3 percent and smallcap index fell 1.7 percent.
2/10
Vodafone Idea shares plunged over 9% as investors likely offloaded positions after clarification from the Telecom Ministry on the company's AGR dues. Minister of State for Communications Pemmasani Chandra Sekhar had told Moneycontrol on August 25 that there is no plan under consideration to extend further relief other than what has been already extended. “...we have recently converted a lot of their debt into equity. Government has done whatever we thought we could do and at this time we don’t have any discussion or plan to change other than what we have done,” the minister said.
3/10
KPR Mill shares dropped nearly 4% after the United States issued a draft order to impose an additional 25 percent tariff on Indian imports, effective August 27. According to a notice from the US Department of Homeland Security, the tariffs will apply to Indian products “that are entered for consumption, or withdrawn from warehouse for consumption, on or after 12:01 am Eastern Daylight Time on August 27, 2025”. The move triggered concerns in the textile and shrimp sectors, with exporters fearing order cancellations and potential losses
4/10
BSE and other capital market stocks plunged on August 26, tracking the overall downturn in the stock market today. India VIX, which measures volatility in the market, jumped nearly 4 percent today to hover around 12. This comes after Donald Trump-led US administration issued a draft order over the implementation of additional 25 percent tariff on Indian imports, effectively from August 27 (Wednesday).
Shares of Titan Company slipped 1.44%, even as Bernstein initiated coverage with an outperform rating on the stock, citing positive levers for growth. The drop comes amid a weak market mood after Donald Trump signalled an additional 25 percent tariff on India. The international brokerage has assigned a price target of Rs 4,200 per share. This implies an upside potential of 15 percent from the last closing price of Rs 3,651. The brokerage pointed to Titan’s strong legacy of delivering 23 percent EPS CAGR over the past two decades, while also highlighting that the stock currently trades at a five-year low valuation.
6/10
Godrej Properties and other real estate stocks dropped more than 3% after Donald Trump-led US administration issued a draft order over the implementation of additional 25 percent tariff on Indian imports, effectively from August 27. While real estate companies are mostly domestic market-oriented, Trump tariffs can inflate the cost of raw materials associated with the industry, which in turn may put pressure on the margins of these companies.
7/10
Shares of Shree Digvijay Cement fell 5% on August 26 after the firm issued a clarification over a report that said Adani Group is eyeing the firm's port and plant assets. "We wish to inform that the company is not aware about any such development, and we don’t comment on market speculations," the company said in a stock exchange filing on August 25, hours after its shares rose 10% over the report by news agency Informist.
8/10
Sun Pharma shares dropped more than 3% after US President Donald Trump said that he will reduce drug prices in US by a whopping "1,400-1,500 percent". He also reiterated his threat to slap higher tariffs on pharma imports. BofA Securities has downgraded Sun Pharma shares to 'underperform' from its earlier 'neutral' rating, and cut its target price for the stock to Rs 1,570 apiece, CNBC-TV18 reported. This implies a downside potential of more than 5 percent from the previous closing price of Rs 1,656.70 apiece. The international brokerage cited potential risk to Sun Pharma's consensus earnings and its premium valuations are key reasons for the downgrade, as per the report.
Ola Electric shares rose over 4% after the firm said it secured PLI certification for its Gen 3 scooter portfolio. "Ola Electric, India’s largest pure-play EV company, today announced that it has received Certification for Compliance with the eligibility assessment requirements under the Production Linked Incentive (PLI) Scheme for automobile and auto components sector, for its Gen 3 scooter portfolio. This certification was granted by the Automotive Research Association of India (ARAI) under the aegis of the Ministry of Heavy Industries, Government of India to all of the seven Ola S1 Gen 3 scooters," the company said in a stock exchange filing.
10/10
Maruti Suzuki shares closed around 2% higher. Prime Minister Narendra Modi today flagged off the e Vitara, Maruti Suzuki India’s maiden battery electric vehicle (BEV), from the carmaker’s Hansalpur plant in Gujarat. Maruti has invested Rs 21,000 crore in its Hansalpur plant, which has an annual production capacity of 7,50,000 units.
