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Trent, Bharat Electronics, LTIMindtree, Ambuja Cements, Hero MotoCorp are some of the top stocks to watch for market participants ahead of the trading on August 26.
Trent, Bharat Electronics: To trade on the Nifty 50 index from September 30, 2024.
Divi’s Labroatories, LTIMindtree: To be excluded from the Nifty 50 index from September 30, 2024.
Ambuja Cements: GQG Partners increases stake to 2.5% by buying another 1.1% stake via block deals worth ₹1,679 crore. GQG bought shares at ₹625.5 per share.
Hero MotoCorp: Hero Motors, the flagship auto components company of the group has filed its IPO papers with SEBI, seeking to raise up to ₹900 crore through the public issue.
Transport Corporation of India: Board approves proposal to buyback up to 13.33 lakh shares at a price of ₹1,200 apiece, which is a 4.5% premium to Friday’s closing price. September 4, 2024 has been fixed as the record date for the buyback.
ONGC: Starts production from its fifth oil well in block KG-DWN-98/2 Cluster-2 Asset of Deepwater Block in the Krishna river.
KEC International: Wins orders worth ₹1,079 crore across transmission & distribution and cables businesses. The orders are from a reputed private developer in India, transmission line orders in Saudi Arabia and Oman along with the United Arab Emirates and supply of towers, hardware and poles in Americas. Year-to-Date order intake has surpassed ₹8,700 crore.
FDC: USFDA inspection for Baddi unit in Himachal Pradesh gets zero observations with the form 483.
IDFC: Gets Income tax Refund of ₹202.55 crore for assessment year 2023 – 2024.
Religare Enterprises: ED officials conduct search at premises of Executive Chairperson Rashmi Saluja, CFO Nitin Agarwal, group general counsel of the company and Chief Operating Offer of Religare Finvest, Chirag Jain. No incriminating documents, digital device was found and seized during the search. ED has frozen the ESOP shares of Care Health Insurance Ltd.
FTSE All World Index Additions: Bank of Maharashtra, Bharat Dynamics, Central Bank of India, Cochin Shipyard, Endurance Tech, Escorts Kubota, GE T&D India, Hitachi Energy India, HUDCO, IRB Infra, KEI Industries, Lloyds Metals, Motilal Oswal. Changes to be effective from September 23, 2024.
JSW Energy: Arm JSW Neo Energy gets LoA for 250 MW grid-connected wind power project from Adani Electricity, Mumbai.
Karur Vysya Bank: RBI approves SBI Mutual Fund’s proposal to acquire up to 9.99% stake in the lender.
Ashoka Buildcon: Emerges as the lowest bidder for a Mumbai Metropolitan Region Development Authority (MMRDA) project worth ₹478 crore.
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