Stocks to Watch Today, August 24: Indian stocks are likely to remain in focus on Monday as investors track a series of company-specific developments. Indian Oil has signed a five-year fuel supply agreement with Mauritius, while Zee Entertainment has allotted warrants to its promoter.
Welspun Corp secured a record Rs 17,200 crore order, HDFC Bank raised USD 1.75 billion overseas, and ICICI Bank doubled its overseas borrowing limit. Zydus Lifesciences, Jubilant Pharmova, JSW Infrastructure and NTPC Green Energy also reported key developments.
Here’s the list of key stocks to watch in today’s trading session:
| Stocks in focus | Why in focus |
| Indian Oil Corporation | Five-year Mauritius fuel supply deal |
| Zee Entertainment | Allots 20.94 crore warrants to promoter |
| Amagi Media Labs | Accel-led entities sell nearly 5% stake |
| Jindal Steel | Partners IIT Hyderabad for advanced steel solutions |
| ICICI Bank | Doubles overseas borrowing limit to $5 billion |
| Zydus Lifesciences | Gets USFDA nod for generic ascorbic acid injection |
| HDFC Bank | Raises $1.75 billion through overseas bonds |
| Welspun Corp | Bags record Rs 17,200 crore pipe order |
| Jubilant Pharmova | USFDA approves first commercial product at US arm |
| JSW Infrastructure | To acquire 100% of JSW Overseas |
| NTPC Green Energy | Wins 500 MW SECI assured peak power tender |
Five-year Mauritius fuel supply deal
Indian Oil Corporation will supply Mauritius’ entire import requirement of petrol, diesel and aviation turbine fuel under a five-year energy partnership agreement.
Allots 20.94 crore warrants to promoter
Zee Entertainment has allotted 20.94 crore fully convertible warrants to promoter group entity Sunbright Mauritius Investments, nearly seven weeks after board approval.
Accel-led entities sell nearly 5 per cent stake
Three entities, including Accel, divested nearly 5 per cent stake in Amagi Media Labs for Rs 587 crore through open market transactions.
Partners IIT Hyderabad for advanced steel solutions
Jindal Steel and IIT Hyderabad will collaborate on strategies to accelerate advanced steel applications across infrastructure, engineering, construction and strategic industries.
Doubles overseas borrowing limit to USD 5 billion
ICICI Bank has doubled its overseas borrowing limit, including bonds, to USD 5 billion to support business growth.
Gets USFDA nod for generic injection
Zydus Lifesciences received USFDA final approval for generic ascorbic acid injection, a competitive treatment for scurvy in the US market.
Raises USD 1.75 billion through overseas bonds
HDFC Bank has raised USD 1.75 billion through overseas bonds to fund its business growth.
Bags record Rs 17,200 crore pipe order
Welspun Corp secured its largest-ever single order worth Rs 17,200 crore for pipe supplies from its US manufacturing facility.
USFDA approves first commercial product
Jubilant Pharmova said the USFDA approved the first commercial product manufacturing at its US arm.
To acquire 100 per cent of JSW Overseas
JSW Infrastructure plans to acquire 100 per cent of JSW Overseas, subject to approvals from authorities in India and the UAE.
Wins 500 MW SECI peak power tender
(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.)
