Market Performance Overview
Indian stock markets opened the day with several mid-cap and large-cap companies in focus. Investors are keeping an eye on key developments, including quarterly earnings, major deals, acquisitions, and corporate appointments.
Main News
Clean Science and Technology
- Promoters Ashok Boob and Krishna Boob are likely to sell up to 24% stake via block deals.
- The total offer size is Rs 2,626 crore with a floor price of Rs 1,030 per share.
Shanti Gold International
- Q1 Profit: Rs 24.6 crore, up 174% YoY from Rs 9 crore.
- Revenue: Rs 292.8 crore, increased 22.1% YoY from Rs 239.8 crore.
India Cements
- UltraTech Cement to sell 2.01 crore shares (6.49% stake) via Offer-for-Sale (OFS).
- Floor Price: Rs 368 per share.
- OFS opens for non-retail investors on August 21, and retail investors on August 22.
RailTel Corporation of India
- Received Rs 35 crore work order from Kerala State IT Mission for SDC project O&M.
- Additional order worth Rs 15.4 crore from Higher Education Department, Odisha.
Jupiter Wagons
- Subsidiary Jupiter Tatravagonka Railwheel Factory received LOI to supply 5,376 wheelsets for Vande Bharat trains.
- Order value: Rs 215 crore.
V-Guard Industries
- ICICI Prudential Mutual Fund acquired 41,51,351 shares (0.95% stake) from promoter Chittilappilly Thomas Kochuouseph.
- Deal worth Rs 153.6 crore.
Fortis Healthcare
- Signed collaboration with Ekana Group, Lucknow for operations of a 550-bed super specialty hospital near Gomti Nagar.
Innova Captab
- Completed UK-MHRA inspection for its Cephalosporin plant in Baddi, Himachal Pradesh.
- No critical or major observations reported.
Poly Medicure
- NCLT Allahabad approved resolution plan for Himalayan Mineral Waters under the Insolvency and Bankruptcy Code (IBC).
Company Highlights & Other Updates
- Exide Industries: Invested Rs 100 crore in subsidiary Exide Energy Solutions; total investment now Rs 3,802.23 crore.
- Godrej Properties: Acquired 7% stake in Godrej Skyline Developers.
- Syngene International: Key appointments in executive management.
- Hitachi Energy India: New chairman Ismo Antero Haka appointed.
- Suryoday Small Finance Bank: EVP Meenaa Sharma resigned.
Bulk Deals:
- Shaily Engineering Plastics: Growth Fund of America acquired shares worth Rs 147.9 crore.
- HealthCare Global Enterprises: Axis Mutual Fund acquired 13.92 lakh shares for Rs 91.87 crore.
Stocks Trade Ex-Dividend & F&O Updates
Ex-Dividend Stocks: Coal India, Hindustan Aeronautics, Rail Vikas Nigam, AMJ Land Holdings, Bhandari Hosiery Exports, BSL, Honda India Power Products, Kakatiya Cement Sugar & Industries, Manorama Industries, Pudumjee Paper Products, Relaxo Footwears, Styrenix Performance Materials, Thomas Cook (India), United Van Der Horst
Stocks in F&O Ban: PG Electroplast, RBL Bank, Titagarh Rail Systems
Summary
Today’s focus is on Clean Science, Shanti Gold, India Cements, RailTel, Jupiter Wagons, V-Guard, Fortis, Innova Captab, and Poly Medicure. Key highlights include strong quarterly results, major deals, and strategic corporate moves. Investors are closely watching promoter stake sales, OFS offerings, and NCLT approvals, which could impact trading momentum.
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