Stock Market Today: Nifty 50 Likely Positive; Major Updates on Vedanta, Ajanta Pharma, Fortis, India Cements
Market opening: Stocks to watch today — Fortis, Vedanta, Ajanta, Globe Civil, India Cements, Bharti Hexacom, Jupiter Wagons.
Opening Bell: Key Stocks to Track — Fortis, Vedanta, Ajanta Pharma, Bharti Hexacom, Globe Civil Projects
Indian equities are expected to open with mild gains on Thursday, August 21, as GIFT Nifty futures indicate a 20-point higher start for Nifty 50. Here are the stocks likely to remain in focus today:
Key Corporate Updates
Bharti Hexacom (₹1,134 crore tower sale)
♦ Majority shareholders approved sale of mobile towers to Indus Towers, a sister concern of Bharti Airtel group.
♦ The resolution passed with 88.28% votes at its 30th AGM.
India Cements (6.49% stake sale)
♦ UltraTech Cement will sell 2.01 crore shares (6.49%) in The India Cements Ltd via stock exchange offer for sale.
♦ Approved by UltraTech’s Committee of Directors on August 20, 2025.
Globe Civil Projects (₹222.20 crore order)
♦ Bags sports infrastructure contract to build an international cricket stadium at Lohat, Jhajjar (Haryana).
♦ Contract worth ₹222.20 crore; completion timeline 24 months.
Clean Science and Technology (Promoter stake sale)
♦ Promoters Ashok Boob and Krishna Boob may offload up to 24% stake via block deals.
♦ Sale expected to raise ₹2,626 crore at a floor price ₹1,030 (13% discount to CMP).
Ajanta Pharma (Income Tax search)
♦ Ongoing IT search at offices and manufacturing units since August 19, 2025.
♦ Company says operations unaffected; denies social media rumours about irregularities.
RailTel (work orders worth ₹50.41 crore)
♦ Two orders received: one worth ₹15.42 crore, another ₹34.99 crore.
Godrej Properties (₹547.75 crore land bid)
♦ Emerged top bidder for 7.825-acre land in Kukatpally, Hyderabad.
♦ Estimated project revenue potential ₹3,800 crore for premium residential apartments.
Arvind Fashion (Leadership change)
♦ Appointed Saikot Das as Chief Brand & Strategy Officer effective August 19, 2025.
Fortis Healthcare (550-bed hospital tie-up)
♦ Signed O&M collaboration with Ekana Group, Lucknow for a greenfield super-speciality hospital.
♦ Facility to be developed as a Centre of Excellence for tertiary care.
Shanti Gold International (Q1 FY26 results)
♦ Revenue up 22% YoY to ₹292.77 crore.
♦ Net profit jumped 174% YoY to ₹24.64 crore; EBITDA margin improved to 13.13% vs 6.31%.
IndusInd Bank (fraud clean-up measures)
♦ Chairman Sunil Mehta says bank has resolved legacy issues in treasury and microfinance.
♦ Enhanced compliance and oversight measures in place after past management lapses.
IdeaForge Technology (new mapping drone)
♦ Launched survey-grade UAV with 50+ minutes flight time and LiDAR payload.
♦ Targeting industries, government, and research applications.
Thermax Ltd (stake acquisition)
♦ Completed acquisition of 23.03% stake in Thermax Bioenergy Solutions, making it a wholly-owned subsidiary.
Vedanta (dividend, demerger hearing)
♦ To consider second interim dividend for FY26.
♦ NCLT deferred demerger hearing to Sept 17; SEBI compliance checks ongoing; Govt objections noted.
Jupiter Wagons (₹215 crore order)
♦ Subsidiary wins LOI to supply 5,376 wheelsets for Vande Bharat trains.
CAMS (payments business transfer)
♦ RBI gives nod to move online payment aggregator business to wholly-owned subsidiary CAMSPAY.
