Stocks to Watch Today, August 19: Indian stocks are likely to see company-specific action on Wednesday as investors track developments at CG Power, Paytm parent One97 Communications, Swiggy, Groww and Power Grid. CG Power reported a suspected cyber event, while institutional investors bought a 3 per cent stake in One97 Communications for Rs 2,949 crore.
Swiggy secured approval for a 49.5 per cent foreign ownership cap. Separately, Hindustan Copper outlined over Rs 7,000 crore in planned capital investment, while several companies announced acquisitions, mergers and regulatory developments.
| Stocks in focus | Why in focus |
| CG Power | Suspected cyber event reported |
| One97 Communications (Paytm) | Investors buy 3% stake for Rs 2,949 crore |
| Swiggy | Shareholders approve 49.5% foreign ownership cap |
| Power Grid Corporation of India | Amol Taori assumes charge as Director (Finance) |
| Groww (Billionbrains Garage Ventures) | Y Combinator sells 1.2% stake for Rs 1,435 crore |
| Manipal Health | To acquire Kinder Women’s Hospital for Rs 130 crore |
| Biocon | Subsidiary gets US approval for Yesintek autoinjector |
| Hindustan Copper | Plans over Rs 7,000 crore capital investment |
| Happiest Minds | Gets NCLT nod for Aureustech Systems merger |
| ICICI Bank | To consider overseas fundraising limit on August 21 |
| Jubilant Ingrevia | To acquire 40% stake in Zettaone Technologies for Rs 189.2 crore |
Cybersecurity incident
CG Power and Industrial Solutions reported a suspected cyber event involving its information technology systems and is working with cybersecurity experts to investigate and assess the incident.
One97 Communications (Paytm)
3 per cent stake bought
Goldman Sachs, BNP Paribas, Societe Generale and other investors bought a 3 per cent stake in One97 Communications, Paytm’s parent, for Rs 2,949 crore through open market transactions.
Swiggy
Foreign ownership cap
Swiggy received shareholders’ approval to cap aggregate foreign ownership at 49.5 per cent, paving the way for the company to qualify as an Indian-owned and controlled company.
New finance director
Power Grid Corporation of India said Amol Taori has assumed charge as its Director (Finance).
Groww
Y Combinator sells stake
Y Combinator divested nearly a 1.2 per cent stake in Billionbrains Garage Ventures, Groww’s parent company, for Rs 1,435 crore through an open market transaction.
Kinder Women’s Hospital buy
Manipal Health Enterprises said it will acquire Kinder Women’s Hospital in Bengaluru for a cash consideration of Rs 130 crore.
Biocon
USFDA approval
Biocon said its subsidiary has received supplemental approval from the US health regulator for the Yesintek prefilled autoinjector.
Rs 7,000 crore capex
Hindustan Copper plans capital investment of over Rs 7,000 crore over the next five to six years, including exploration, mine revivals and strategic partnerships.
NCLT merger nod
Happiest Minds received NCLT approval for the merger of Aureustech Systems with the company.
Overseas fundraising
ICICI Bank will consider raising its overseas fundraising limit at a board meeting on August 21, 2026.
Zettaone stake buy
Jubilant Ingrevia will acquire a 40 per cent stake in Zettaone Technologies for Rs 189.2 crore.
(Disclaimer: The above article is meant for informational purposes only and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
