Stocks To Watch: Zomato, Petronet LNG, NHPC, Ola Electric, RIL, Airtel, And Others
Stocks To Watch: Zomato, Petronet LNG, NHPC, Ola Electric, RIL, Airtel, And Others
Stocks to watch: Shares of firms like Zomato, Petronet LNG, NHPC, Ola Electric, RIL, Airtel, and others will be in focus on Wednesday's trade.

Stocks To Watch On August 21: The markets continued their upward momentum, gaining nearly half a percent on Tuesday. In today’s trade, shares of Zomato, Cyient DLM, L&T, Petronet LNG, NHPC among others will be in focus due to various news developments.

PNB Housing Finance: According to reports, General Atlantic Singapore Fund FII Pte plans to divest a 5.1 per cent equity stake in PNB Housing Finance through a block deal, with a floor price of Rs 775 per share. The transaction is expected to total Rs 1,032.7 crore.

Exide Industries: Exide Industries has invested an additional Rs 75 crore in its subsidiary Exide Energy Solutions on a rights basis, bringing the total investment to Rs 2,652.24 crore. This investment does not alter the company’s shareholding percentage in the subsidiary.

Larsen & Toubro: The Bombay High Court has quashed a show-cause notice issued by GST authorities to Larsen & Toubro. The notice related to a service tax demand of Rs 2,237 crore on an erstwhile subsidiary, for tax already paid post-demerger.

Reliance Industries: Reliance Jio added 1.91 million subscribers in June, a decrease from the 21.95 lakh added in May. The market share for Reliance Jio stood at 40.71 per cent as of June 2024.

Bharti Airtel: Bharti Airtel added 1.25 milion subscribers in June, slightly up from the 12.50 lakh added in the previous month. Its market share was 33.23 per cent as of June 2024.

Vodafone Idea: Vodafone Idea lost 0.86 million subscribers in June 2024, an improvement from the 9.24 lakh loss in May. The company’s market share was 18.56 per cent as of June 2024.

Ola Electric Mobility: Ola’s scooters, S1 X 3 kWh and S1 X 4 kWh, have received certification under the Production Linked Incentive (PLI) scheme for the automobile and auto components industry. Both models have met the 50 per cent localization criteria set by the Ministry of Heavy Industries.

Cyient DLM: Cyient is set to sell a 14.5 per cent stake, equating to 1.15 crore equity shares, in Cyient DLM through block deals on August 21. The deal, valued at Rs 860.9 crore, will have a floor price of Rs 748.65 per share. Following the transaction, Cyient’s stake in Cyient DLM will decrease from 66.66 per cent to 52.16 per cent.

Tata Chemicals: SES ESG Research has assigned Tata Chemicals an Environmental, Social, and Governance (ESG) Score of 69.4 (Grade B) based on FY24 data. The company did not engage SES for this rating, which was independently prepared from publicly available information.

GE T&D India: Promoters GE Grid Alliance BV and Grid Equipments are reviewing their shareholding structure in GE T&D India to simplify it. They are considering the possibility of a minority stake sale in the company.

Genus Power Infrastructures: Genus Power Infrastructures’ wholly-owned subsidiary has secured three Letters of Award (LOA) worth Rs 3,608.52 crore for advanced metering infrastructure services.

NHPC: A landslide at NHPC’s 510 MW Teesta-V Power Station in Sikkim has affected the TRT gate hoist structure and part of the GIS building. The power station is currently non-operational and undergoing restoration following the October 2023 flash flood.

Shriram Finance: The Competition Commission of India (CCI) has approved Mango Crest Investment Ltd’s acquisition of shareholding in Shriram Housing Finance Ltd.

Apollo Hospitals Enterprise: The CCI has approved the proposed combination involving Advent’s acquisition (through Rasmeli) in Apollo Healthco, Apollo Healthco’s acquisition of Keimed, and the merger of Keimed into Apollo Healthco.

Indostar Capital Finance: A subsidiary of Indostar Capital Finance has been granted a Certificate of Registration by IRDAI to act as a Corporate Agent (Composite).

Weizmann: The company has approved a buyback of shares for an aggregate amount not exceeding Rs 5.84 crore at a price of Rs 160 per equity share.

Petronet LNG: Petronet LNG has signed a Memorandum of Understanding (MoU) with Sri Lanka’s LTL Holdings to supply LNG to its dual-fuel power plants in Colombo. The LNG will be supplied from Petronet’s Kochi LNG terminal using ISO tank containers, with an initial five-year term extendable by mutual agreement.

Original news source

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