Stocks to Watch Today, August 27: Indian stocks are likely to remain in focus on Thursday, August 27, with company-specific developments driving activity. Rubicon Research and Avenue Supermarts will be watched after stake sales, while ICICI Prudential AMC is in focus over Prudential’s proposed stake reduction.
Tata Steel, Vedanta Iron and Steel and Vedanta have drawn attention on regulatory and corporate developments. Bharat Electronics, Larsen & Toubro and KPI Green Energy are also on the radar following orders and capacity updates, while Adani Energy Solutions secured a Rs 4,700 crore transmission project.
Here’s the list of stocks to watch in today’s trading session:
| Stocks in focus | Why in focus |
| Rubicon Research | General Atlantic sells 8.4 per cent stake for Rs 2,299 crore |
| Vedanta Iron And Steel (VISL) | Arm ESL receives GST notice for Rs 15.74 crore |
| Avenue Supermarts (D-Mart) | Capital Group divests 1.04 per cent stake for Rs 2,537 crore |
| ICICI Prudential AMC | Prudential to cut 2 per cent stake to support public float |
| Tata Steel | Supreme Court sets aside tax notice over Rs 1,000 crore |
| Bharat Electronics (BEL) | Secures additional orders worth Rs 730 crore |
| Larsen & Toubro (L&T) | Partners FAYAT to market BOMAG road equipment in India |
| Vedanta | Parent denies speculation of stake sale |
| KPI Green Energy | Achieves record capacity energisation of over 630 MW DC |
| Adani Energy Solutions | Secures Rs 4,700 crore transmission project in Maharashtra |
General Atlantic Sells Stake
General Atlantic, one of the promoters of Rubicon Research, sold an 8.4 per cent stake in the pharmaceutical company for Rs 2,299 crore through multiple block deals on Wednesday.
GST Notice to ESL
Vedanta Iron And Steel’s arm ESL received a GST demand-cum-showcause notice involving a proposed tax demand of Rs 15.74 crore, besides applicable interest and penalty.
Capital Group Divests Stake
Financial services company Capital Group divested a 1.04 per cent stake in Avenue Supermarts, the parent of D-Mart, for Rs 2,537 crore through an open market transaction.
Prudential to Cut Stake
Prudential plc of the UK announced it would slash its 2 per cent stake in ICICI Prudential Asset Management Company to support public float requirements.
Supreme Court Sets Aside Tax Notice
The Supreme Court set aside a show cause-cum-demand notice against Tata Steel over alleged irregular availment of input tax credit amounting to over Rs 1,000 crore between FY2019 and FY2023.
Additional Orders Worth Rs 730 Crore
BEL secured additional orders worth Rs 730 crore since August 10, including orders for communication equipment, radar, avionics, tank sub-systems, cybersecurity, EVMs, jammers, batteries and services.
Road Equipment Partnership
L&T’s construction and mining machinery business partnered with French company FAYAT Road Equipment to market BOMAG’s specialised road construction equipment in India.
Vedanta
Denies Stake Sale Speculation
Vedanta Resources denied recent media speculation regarding a purported sale of its shareholding in Vedanta, Vedanta Aluminium or any other Vedanta group company.
Record Capacity Energisation
KPI Green Energy achieved its highest-ever capacity energisation of over 630 MW DC during the June-August period.
Rs 4,700 Crore Transmission Project
Adani Energy Solutions secured a transmission project worth Rs 4,700 crore in Maharashtra for the evacuation of 4,500 MW of renewable energy and storage power.
(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.)
