Market Performance
The Indian stock market is set to see stock-specific movements on August 22 as multiple companies announce major updates, new orders, acquisitions, and leadership changes. Shares of Hindustan Unilever, Wipro, Apollo Hospitals, Hikal, GHV Infra, Texmaco Rail, Vedanta, Titagarh Rail, and R Systems are likely to stay in focus today.
Major Developments
Apollo Hospitals
- Promoter Suneetha Reddy to sell up to 1.25% stake through block deals.
- Deal size pegged at ₹1,395 crore.
- Floor price fixed at ₹7,747 per share.
Wipro
- Signed a deal to acquire the Digital Transformation Solutions (DTS) unit of Harman, a subsidiary of Samsung.
- The move aims to strengthen Wipro’s Engineering R&D services capabilities.
Hindustan Unilever
- Niranjan Gupta appointed as Chief Financial Officer (CFO) Designate effective September 1.
- He will take over as Executive Director (Finance) & CFO from November 1, 2025.
- Gupta succeeds Ritesh Tiwari, who will move to Unilever Plc, London as Global Head of M&A and Treasury.
Hikal
- Got a warning notice from the US FDA regarding its Jigani facility in Bengaluru.
- Inspection was carried out between February 3–7 this year.
GHV Infra
- Bagged a Letter of Intent (LOI) from Valor Estate for the PAP & Police Housing Project in Malad (East), Mumbai.
- Project value: ₹2,000 crore.
- Completion timeline: 60 months.
Texmaco Rail
- Secured an order worth ₹103.16 crore from Leap Grain Rail Logistics.
- Order includes BCBFG wagons and BVCM Brake Vans.
- Delivery scheduled within 10 months.
Vedanta
- Announced a second interim dividend of ₹16 per share (face value ₹1).
- Total dividend payout: ₹6,256 crore.
- Record date: August 27.
R Systems
- Signed an agreement to acquire Novigo Solutions, a low-code/no-code and automation services provider.
- Deal structure: ₹400 crore upfront cash + stock-linked consideration tied to future EBITDA.
- Board also approved raising ₹275 crore via non-convertible debentures (NCDs).
Titagarh Rail
- Received an LOI worth ₹467.25 crore from Garden Reach Shipbuilders & Engineers.
- Order involves building two research vessels for the Geological Survey of India.
Summary
The spotlight today will be on stocks such as Hindustan Unilever, Wipro, Apollo Hospitals, Hikal, GHV Infra, Texmaco Rail, Vedanta, R Systems, and Titagarh Rail.
- Corporate leadership changes, like Hindustan Unilever’s new CFO appointment.
- Big-ticket projects, such as GHV Infra’s ₹2,000 crore housing project and Texmaco Rail’s ₹103 crore wagon order.
- Acquisitions and partnerships, with Wipro and R Systems expanding their digital business portfolios.
- Dividend announcements, with Vedanta declaring a ₹6,256 crore payout.
- Block deals, like Apollo Hospitals’ ₹1,395 crore promoter stake sale.
These developments are expected to keep the above-mentioned stocks in sharp focus, potentially driving trading volumes and price movement in today’s session.
Leave A Comment?