Stocks to Watch Today, August 18: Indian stocks could see action in companies including Indo-MIM, Lenskart, Paytm, Swiggy, BSE, Tata Power and L&T. Key triggers include quarterly earnings, stake sale plans, new business initiatives, major orders, regulatory approvals, index inclusion and strategic partnerships.
Meanwhile, Saatvik Solar, Juniper Green Energy and Manipal Health Enterprises are also in focus following key project wins, manufacturing plans and an acquisition deal. Here’s the list of stocks to watch in today’s trading session:
| Company | Short headline |
|---|---|
| Indo-MIM | Profit jumps 32% to Rs 240 crore |
| Lenskart | Sets up step-down subsidiary in China |
| One97 Communications (Paytm) | Vijay Shekhar Sharma-owned entity to sell 4.98% stake |
| CDSL | Launches multilingual investor education film |
| Swiggy | Rolls out AI assistant ‘Guru’ for restaurant partners |
| BSE | Partners with PHDCCI to boost MSME capital access |
| Tata Power | Signs research pact with IIT Bombay |
| Larsen & Toubro (L&T) | Bags ultra-mega offshore order in Middle East |
| Sky Gold & Diamonds | Added to MSCI India Domestic Small Cap Index |
| Lupin | Gets US approval for generic Pitolisant tablets |
| Saatvik Solar | Signs pact for 3.6 GW solar cell facility in Odisha |
| Juniper Green Energy | Wins 230 MW renewable energy project from SECI |
| Manipal Health Enterprises | Acquires Kinder Hospital business for Rs 130 crore |
Profit jumps 32 per cent
Indo-MIM reported a 31.6 per cent year-on-year rise in profit to Rs 240.1 crore from Rs 182.4 crore. Revenue increased 9.4 per cent to Rs 1,218.7 crore.
Sets up China subsidiary
Eyewear company Lenskart has established a step-down subsidiary in China to undertake trading, importing, exporting and procurement of spectacle frames and other optical products.
One97 Communications (Paytm)
4.98 per cent stake sale
Resilient Asset Management, owned by Paytm founder Vijay Shekhar Sharma, plans to sell a 4.98 per cent stake in One97 Communications through a block deal.
CDSL
Investor education initiative
CDSL Investor Protection Fund has launched a multilingual investor education film aimed at promoting thoughtful financial planning and encouraging informed investment decisions among investors.
Swiggy
Rolls out AI assistant
Swiggy has launched AI Assistant ‘Guru’ for restaurant partners across more than 720 cities. The tool will help 2.7 lakh restaurants track payouts and campaign performance.
BSE
Partners with PHDCCI
BSE has partnered with PHD Chamber of Commerce and Industry to promote equity financing and expand capital-market access for Micro, Small and Medium Enterprises across India.
IIT Bombay pact
Tata Power has signed a Master Research Agreement with IIT Bombay to accelerate innovation in next-generation energy technologies and advanced clean energy solutions.
Bags ultra-mega Middle East order
Larsen & Toubro has secured an ultra-mega order in the Middle East for developing multiple offshore facilities.
Added to MSCI index
Sky Gold & Diamonds has been added to the MSCI India Domestic Small Cap Index following MSCI’s latest index review.
Lupin
Gets US drug approval
Lupin has received final approval from the US health regulator for generic Pitolisant tablets, used to treat excessive daytime sleepiness.
Plans 3.6 GW facility
Saatvik Solar Industries has signed an initial pact with IPICOL to establish a 3.6 GW solar cell manufacturing facility at Gopalpur in Odisha.
Wins 230 MW project
Juniper Green Energy has received a Letter of Award from SECI for a 230 MW firm and dispatchable renewable energy project at Rs 5.26 per unit.
Manipal Health Enterprises
Acquires Kinder Hospital
Manipal Health Enterprises has signed an agreement with Kindorama Healthcare to acquire Kinder Hospital’s entire business operations and assets for Rs 130 crore in Bengaluru.
(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.)
