Stocks to Watch for August 31: Ola Electric, Mahindra & Mahindra, NBCC and more

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From AXISCADES Technologies approving the acquisition of a 90% stake in Bengaluru-based Cloud Wave Technologies for around ₹234 crore to Clean Max Env…

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Mahindra & Mahindra | Mahindra announced the expansion of its Battery-as-a-Service (BaaS) programme across its entire Electric Origin SUV portfolio, making it available on the BE 6 SPORTEQ, XEV 9S and XEV 9e.

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Ola Electric Mobility | The firm has received a sanction order from the Ministry of Heavy Industries for an incentive of ₹95.81 crore under the Production Linked Incentive (PLI) scheme for automobiles and auto components, according to an exchange filing on Friday.

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Cupid Limited | The consumer wellness and personal care company announced that its Board of Directors has accorded in-principle approval for the establishment of a manufacturing venture in South Africa with a South African partner.

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Aurobindo Pharma | The firm said that the US Food and Drug Administration (US FDA) inspection of Unit-VI of its wholly owned subsidiary Apitoria Pharma Private Limited concluded with three observations.

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LIC Housing Finance | The firm has appointed Sandeep Kumar as its Managing Director and Chief Executive Officer, effective August 29, 2026, the company said in an exchange filing on Friday.

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AXISCADES Technologies | The firm has approved the acquisition of a 90% stake in Bengaluru-based Cloud Wave Technologies for about ₹234 crore, marking a significant step in the company’s push from engineering services into aerospace manufacturing.

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NBCC (India) | The firm has signed a memorandum of understanding (MoU) with NHPC for the execution of NHPC’s infrastructure projects across India, including residential blocks, residential and commercial infrastructure, office complexes and allied facilities. NBCC will undertake the projects at a project management consultancy (PMC) fee of 5.5%, while the detailed project value will be determined at a later stage. T

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Knowledge Realty Trust | Entities linked to Blackstone have launched an offer for sale (OFS) of units in Knowledge Realty Trust, India’s largest real estate investment trust (REIT), with the transaction potentially reaching ₹11,988 crore if the greenshoe option is fully exercised.

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Clean Max Enviro Energy Solutions | The firm has signed a term sheet with Envision Energy for the procurement of wind turbines with a total capacity of 1,550 MW.

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Piramal Finance | The firm has closed its qualified institutional placement (QIP) and approved the allocation of 99,52,606 equity shares to eligible qualified institutional buyers (QIBs) at an issue price of ₹2,110 per share, including a premium of ₹2,108 per share.

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Lenskart | The firm witnessed a block deal in which Alpha Wave Ventures sold 2.95 crore shares, or 1.7% equity, in the company for ₹1,857 crore. The shares were bought by National Pension System, which acquired 78.57 lakh shares (0.45% equity) for ₹495 crore, ICICI Prudential Mutual Fund, which bought 60.3 lakh shares (0.35% equity) for ₹380 crore, and WhiteOak Capital Mutual Fund, which acquired 15.87 lakh shares (0.1% equity) for ₹100 crore. The deal was executed at an average price of ₹630 per share.



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