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US Markets Recap
US stocks rose on Friday as investors attempted to stabilise after a sharp sell-off in the previous session, with easing Treasury yields, a pullback in oil prices and stronger-than-expected labour-market data supporting sentiment.
The Dow Jones Industrial Average rose 273.48 points, or 0.52%. The S&P 500 climbed 32.90 points, or 0.43%, while the Nasdaq Composite advanced 82.19 points, or 0.32%.
Stock Market Recap
Indian equity benchmarks extended declines for the second consecutive week. Both the NSE Nifty 50 and the BSE Sensex declined 0.7% each during the week.
On Friday, The Nifty 50 settled 20.15 points, or 0.08%, higher at 24,252, recovering from its provisional level of 24,234.75. The Sensex ended 3.11 points higher at 77,540.83, reversing a provisional loss of 15.25 points.
ALSO READ: Citadel Sold More Than 80% Of Situational Awareness Bets
Stocks In News
- Aurobindo Pharma: US FDA inspection at AuroPeptides concluded with one observation related to facility and equipment maintenance, with no data integrity or GMP compliance concerns.
- JSW Cement: Guntur tax office issued a GST show-cause notice on Aug. 20, 2026, proposing a demand of Rs 81.03 crore, along with interest and penalty.
- JSW Energy: MSEDCL challenged in the Supreme Court an APTEL order dismissing its appeal against JSW Energy.
- Vimta Labs: Detected a cybersecurity incident affecting part of its IT infrastructure. Operations and customer services remain fully functional.
- Indraprastha Gas: Shareholders approved the appointment of Kumar Shanker as Managing Director.
- Finolex Cables: Ratnakar was reappointed as Whole-Time Director for a second five-year term.
- JSW Dulux: Rohit Ghanshyamdas Totla resigned as Executive Director and Whole-Time Director, effective Nov. 17, 2026.
- RITES: Rahul Mithal was reappointed as Chairman, Managing Director and CEO from Oct. 7, 2026, until his superannuation on June 30, 2027.
- Bhagiradha Chemicals: Ind-Ra assigned IND BBB+/Stable/IND A2+ rating to wholly owned subsidiary Bheema Fine Chemicals' Rs 600 crore bank loan facilities.
- TruAlt Bioenergy: Received a Rs 6.60 crore GST demand order, comprising Rs 4.41 crore in tax, Rs 1.73 crore in interest and Rs 46.37 lakh in penalty. The company plans to challenge the order.
- Shree Renuka Sugars: ICICI Bank sold 4.62 crore shares, representing a 2.17% stake, in the open market through Aug. 20, 2026.
- Reliance Industries: Shareholders approved material related-party transactions and an amendment to the memorandum of association to add ammonia, explosives and fertiliser businesses.
- KPI Green Energy: Subsidiary Sun Drops Energia approved the acquisition of up to 100% of DMGEL for Rs 55.80 crore through a share swap.
- Cyient: Completed the closure of its Norway branch on Aug. 21, 2026. No material impact on operations.
- Raghav Productivity Enhancers: Subsidiary Raghav Productivity Solutions received an Indian patent for silica ramming mass production technology, valid for 20 years from Dec. 13, 2025.
- Pace Digitek: Incorporated TransgreenX Asset Holdco as a wholly owned subsidiary and completed the acquisition of 100% of Inso Pace, making it a wholly owned subsidiary.
- Sandur Manganese & Iron Ores: Incorporated Royal Sandur Hospitality as a wholly owned subsidiary with Rs 1 crore capital to develop and operate hotels, resorts and other hospitality businesses.
- Enviro Infra Engineers: Proposed reallocating Rs 44.46 crore of IPO proceeds to fund two subsidiaries for 45 MLD and 60 MLD STPs under the Namami Gange Programme.
- IDFC FIRST Bank: S&P assigned a BBB- rating to the bank's US$600 million senior notes, in line with its BBB-/Stable/A-3 issuer rating.
- Federal Bank: Board approved foreign currency bonds of up to US$500 million via GIFT City IBU, with a tenor of up to five years. Reappointed Krishnan Venkat Subramanian as Managing Director and CEO.
- SBI: Allotted 1,49,200 rights issue shares kept in abeyance following the disposal of a Delhi High Court case.
- NHPC: MCA postponed the final hearing for NHPC-Jalpower amalgamation. A fresh date is awaited.
- UltraTech Cement: Incorporated UHG Holdings IFSC Private Limited in GIFT City on Aug. 20, 2026.
- JBM Auto: Clarified that media reports relate to subsidiary JBM Electric Vehicles evaluating potential fundraising opportunities as part of its normal business activities. No material event requiring disclosure under SEBI regulations at present.
- Wonderla Holidays: CARE upgraded the outlook on Rs 380 crore bank facilities to Positive from Stable.
- Natco Pharma: US FDA inspection concluded with four observations at its Visakhapatnam FDF facility.
- H.G. Infra Engineering: ICRA revised the rating outlook on Rs 5,600 crore facilities to Stable from Positive.
- ESAB India: CIT(A) upheld Rs 1.45 crore in income tax penalties. The company plans to appeal.
- Shivalik Bimetal Controls: Granted an Rs 11 crore unsecured loan to wholly owned subsidiary Shivalik Engineered Products for working capital and term loan repayment.
- Spandana Sphoorty: Announced a first and final call of Rs 115 per share on 1.73 crore partly paid-up rights shares, completing the rights issue.
- Union Bank of India: Fitch assigned BBB-(EXP) to proposed senior unsecured US dollar notes. S&P assigned a BBB rating to Union Bank DIFC branch's proposed US dollar senior notes.
- Vishal Mega Mart: Reappointed Gunender Kapur as Founder, Managing Director and CEO for five years, effective Sept. 1.
- REC: Wholly owned subsidiary RECPDCL transferred its entire stake in Luhri Power Transmission to Terralight Solar Energy Tinwari under tariff-based competitive bidding for Rs 4.13 crore. The SPV ceased to be an REC subsidiary on Aug. 21.
- BLS International: Visametric LLC, Tajikistan, was deregistered on Aug. 21, 2026, ceasing to be a BLS step-down subsidiary.
- Veranda Learning Solutions: NCLT Chennai sanctioned a composite scheme involving Veranda Learning Solutions, Veranda XL Learning Solutions and J.K. Shah Commerce Education on Aug. 20. The company will initiate implementation upon receiving the certified NCLT order.
- India Glycols: Ennature Bio Pharma appointed Pragya Bhartia Barwale as Managing Director and six directors effective Aug. 21, 2026, subject to shareholder approval.
- DCW: Dhrangadhra plant operations were fully restored to 100% capacity after flood-related disruption. Estimated damage is Rs 10 crore, with an insurance claim lodged for about Rs 10 crore. Estimated impact on production and profitability is Rs 9.1 crore.
- AGI Greenpac: Manoj Kumar Goel retired as CEO-General Administration on Aug. 21, 2026.
- Bank of Baroda: Raised an additional US$400 million through five-year senior unsecured Reg-S fixed-rate notes under its MTN programme at a 5.389% yield and 5.318% coupon.
- Paradeep Phosphates: Goa Customs ordered confiscation of seven urea consignments and imposed penalties of Rs 93.59 crore.
- Caplin Point Laboratories: US FDA inspection at Caplin Steriles' Gummidipoondi facility concluded with 10 Form 483 observations.
- Craftsman Automation: Board approved incorporation of Craftsman Fronberg Precision GmbH in Germany with EUR 25,000 share capital.
- Axis Bank: Allotted US$300 million senior notes carrying a 5.179% coupon under its US$5 billion GMTN programme. Notes will be listed on India INX and NSE IFSC debt markets.
- Premiere Explosives: SEBI permitted Apollo Micro Systems' open offer for 1.39 crore shares at Rs 698 per share following CCI approval.
- Power Grid Corporation of India: Declared successful bidder for a Gujarat renewable energy transmission project under TBCB and received the LoI for the BOOT project, with a discovered tariff of Rs 822.91 crore per annum.
- Cholamandalam Investment & Finance: Allotted Rs 350 crore in secured NCDs through NSE EBP at an 8.64% coupon.
- Edelweiss Financial Services: IRDAI issued a warning to subsidiary Edelweiss Life Insurance for FY25 EOM regulation non-compliance and barred it from opening new branches for six months. The company said there would be no material financial or operational impact.
- Nazara Technologies: Invested Rs 8 crore in subsidiary Funky Monkeys through a primary share subscription, increasing its stake to 64% from 60%.
- Apollo Micro Systems: SEBI permitted the Premiere Explosives open offer process to commence within 12 working days of CCI approval. The offer is for up to 26% stake, or 1.40 crore shares, at Rs 698 per share.
EMS – Promoter Ramveer Singh released pledge on 4.3 lakh shares after repaying a Rs 8.9 crore Tata Capital loan. Pledged shares reduced to 80.64 lakh shares (14.52% of equity) from 84.94 lakh shares (15.29%).
Coromandel International – Jammu GST appellate order confirms Rs 1.23 crore tax and Rs 12.35 lakh penalty for FY19. Company will appeal.
Baazar Style Retail – Promoter Rajendra Kumar Gupta HUF sold 1.5 lakh shares on August 19-20, reducing stake to 3.41%.
Cyient – NCLT dissolved Infotech HAL Limited, Cyient's 50:50 JV, on August 17 following liquidation.
Edelweiss – IRDAI directed Edelweiss Life Insurance not to open new places of business for six months from the date of the order due to non-compliance with provisions related to expenses of management, including insurers' commissions.
Ravindra Energy – Promoters created a pledge on 21.7 lakh shares.
Zee Entertainment – Company allotted 20.9 crore fully convertible warrants at Rs 126 each to the promoter group. Received 25% of the total Rs 660 crore upfront. Warrants will be convertible into shares within 18 months, increasing the promoter group's stake to 17.9% post conversion.
Innova Captab – Board approved brownfield expansion of its manufacturing facility in Baddi, Himachal Pradesh, at a cost of Rs 45 crore.
B.R. Goyal Infrastructure – Won a Rs 151 crore order from NHAI for the engagement of a user fee agency through e-tender for Jajau Fee Plaza in Madhya Pradesh.
Tega Industries – Board approved preferential issue of shares worth Rs 95.4 crore to AP Jupiter Holdings, an Apollo Global entity. Shares to be issued at Rs 1,994 each, a 14% premium to CMP.
ICICI Prudential – Received an order upholding a tax demand of Rs 365 crore. Company will file an appeal before the appropriate appellate authority.
NTPC Green – Secured 500 MW contracted capacity at a discovered tariff of Rs 6/kWh.
GHCL – National Green Tribunal, Pune dismissed all three appeals challenging the environmental and forest clearances for the company's greenfield soda ash project.
Kaynes – Signed an MoU with BOSGAME to build a computing presence in India. BOSGAME focuses on intelligent computing products, including mini PCs and laptops.
Diamond Power – Won a Rs 52.9 crore order from Aurionpro Solutions to supply HT and LT electrical cables for a hyperscale data centre campus in Hyderabad.
Acutaas Chemical – Board approved Rs 212 crore capex for establishing a greenfield/brownfield manufacturing plant in Gujarat for new electronic-grade chemicals.
Sayaji Hotel – FSSAI inspected Sayaji Hotel, Indore, on August 20. The Office of Food Safety Administration, Indore, issued an order partially suspending the FSSAI licence of the unit.
Sigachi Industries – Board approved a Rs 290.4 crore fundraise through the issue of 11 crore warrants to promoters and other investors at Rs 26.4 each, a 12.3% discount to CMP.
Jubilant Pharmova – USFDA approved commercial batch manufacturing of the first product on Line 3 of Jubilant HollisterStier's contract manufacturing facility in the US.
Ceinsys Tech – Value of an earlier order reduced by Rs 112 crore after the sanctioned amount under the scheme was exhausted. Pending order book now stands at Rs 856 crore.
Urban Company – Sued Kent RO in the Delhi High Court for allegedly defaming and disparaging its NATIVE water purifiers through advertisements calling its two-year filter/service-life claims a “marketing gimmick” and “unsafe”. Kent told the court it would remove the disputed advertisements within 15 days of August 12 and refrain from making similar claims. Other patent and tortious-interference cases between the companies remain pending.
Board Meetings
- Gabriel India: To decide on fundraising.
- Piramal Finance: To decide on fundraising.
- UCO Bank: To decide on fundraising.
- Tega Industries: To decide on fundraising.
Corporate Action
TD Power Systems: Face value split from Rs 2 per share to Rs 1 per share.
Lock-In Shares
Vikram Solar: 12.3 crore shares, representing 34% of total outstanding shares.
IPO Openings
Symbiotec Pharmalab: R&D-driven pharmaceutical and biotechnology company based in Madhya Pradesh, specialising in developing and manufacturing APIs, particularly corticosteroids and steroidal hormones.
Total issue size is Rs 1,757 crore, comprising a fresh issue of Rs 150 crore and an offer for sale of Rs 1,607 crore. The issue opens on Aug. 24, 2026, and closes on Aug. 27, 2026.
| Particulars | FY26 | FY25 | FY24 |
|---|---|---|---|
| Total income | 872.26 | 755.98 | 723.33 |
| Profit after tax | 109.90 | 96.79 | 100.06 |
| Ebitda | 231.97 | 206.11 | 177.04 |
| Ebitda margin | 26.59% | 27.26% | 24.48% |
Amount in Rs crore.
Skyways Air Services: Indian cargo and logistics company specialising in air freight forwarding, booking and managing cargo space with major airlines for commercial goods, pharmaceuticals and specialised shipments.
Total issue size is Rs 583 crore, comprising a fresh issue of Rs 398.80 crore and an offer for sale of Rs 184 crore. The issue opens on Aug. 24, 2026, and closes on Aug. 27, 2026.
| Particulars | FY26 | FY25 | FY24 |
|---|---|---|---|
| Total income | 2,839.67 | 2,270.99 | 1,316.81 |
| Profit after tax | 63.52 | 48.14 | 34.49 |
| Ebitda | 125.65 | 86.49 | 48.34 |
| Ebitda margin | 4.42% | 3.81% | 3.67% |
Amount in Rs crore.
Hy-Tech Engineers: Designs, manufactures and supplies precision hydraulic fittings and components for leak-proof connections in high-pressure fluid systems used in heavy machinery, vehicles and industrial plants.
| Particulars | FY26 | FY25 | FY24 |
|---|---|---|---|
| Total income | 193.44 | 166.71 | 141.17 |
| Profit after tax | 22.59 | 19.62 | 11.60 |
| Ebitda | 41.69 | 35.79 | 22.55 |
| Ebitda margin | 21.55% | 21.47% | 15.97% |
Amount in Rs crore.
IPO Listings
Horizon Industrial Parks: IPO subscribed 1.52 times, with QIBs subscribing 1.94 times, NIIs 1.03 times and retail investors 1.02 times.
Lalithaa Jewellery Mart: IPO subscribed 66.63 times, with QIBs subscribing 153.80 times, NIIs 78.17 times and retail investors 12.51 times.
AGM
Veedol Corp, Indraprastha Gas, Vijaya Diagnostic, Reliance Industries, Mangalore Refinery and Petrochemicals, Supriya Lifescience, Whirlpool of India, 63 Moons Technologies, Housing & Urban Development Corporation, Godfrey Phillips India, Coforge, Billionbrains Garage, Astral, WeWork India, Responsive Industries, Silver Touch Technologies, Sanghvi Movers, Gujarat Themis Biosyn and Bandhan Bank.
Bulk/Block Deals
- AMAGI: Trudy Holdings sold 31.69 lakh shares at Rs 560 per share. Accel Growth VI Holdings sold 27.27 lakh shares at Rs 560 per share. Accel India VI sold 27.27 lakh shares at Rs 560 per share. AVP I Fund sold 18.65 lakh shares at Rs 560 per share. SBI Mutual Fund bought 50.89 lakh shares at Rs 560 per share. HDFC Standard Life Insurance bought 17.86 lakh shares at Rs 560 per share. ICICI Prudential Mutual Fund bought 9.34 lakh shares at Rs 560 per share.
- Shanti Gears: Tube Investments of India bought 20.65 lakh shares at Rs 375.30 per share. Pacific Assets Trust sold 20.65 lakh shares at Rs 375.30 per share.
- Allcargo Logistics: HRTI Private sold 10.65 lakh shares at Rs 11.75 per share.
- Avadh Sugar & Energy: Aman Kumar Sonthalia bought 1.19 lakh shares at Rs 809.91 per share.
- Behari Lal Engineering: QE Securities sold 9,301 shares at Rs 505.18 per share. Mathisys Quantcap sold 7,267 shares at Rs 505.11 per share.
- KWIL: Junomoneta Finsol bought 17,706 shares at Rs 47.60 per share.
- Motisons Jewellers: Nirmalkumar Pareek sold 65 lakh shares at Rs 16.96 per share.
- Rhetan TMT: Jagid Vanitaben Rajendraprasad sold 21.79 lakh shares at Rs 23.34 per share.
- Zaggle Prepaid Ocean Services: QE Securities bought 36,134 shares at Rs 200.12 per share.
- KDDL: Pranav Shankar Saboo sold 2.46 lakh shares at Rs 3,650.81 per share. Clarus Capital 1 bought 1.32 lakh shares at Rs 3,650 per share. Setu Securities bought 33,000 shares at Rs 3,650.05 per share.
- Shadowfax: Qualcomm Asia Pacific sold 75 lakh shares at Rs 245.13 per share.
Insider Trading
- Info Edge: Hitesh Oberoi, Promoter and Director, sold 3,98,408 shares.
- Baazar Style Retail: Rajendra Kumar Gupta HUF, Promoter, sold 1,50,000 shares.
- Karur Vysya Bank: M V Usha, Promoter Group, sold 3,000 shares.
- Shalby: Vikram Indrajit Shah, Promoter and Director, bought 5,000 shares.
- Paradeep Phosphates: Zuari Maroc Phosphates bought 1,00,000 shares.
Trading Tweaks
Avadh Sugar & Energy: Price band changed to 10% from 20%.
Added to Short-Term ASM Framework:
Bajaj Hindusthan Sugar
Dalmia Bharat Sugar and Industries
DCM Shriram Industries
Happy Forgings
Kwality Pharmaceuticals
Kwality Wall's (India)
Ratnaveer Precision Engineering
Excluded from ASM Framework:
Allcargo Logistics
Finolex Cables
GSP Crop Science
TCPL Packaging
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F&O Cues
- Nifty August futures were down 0.02% at 24,288, at a premium of 36 points.
- Nifty options for the Aug. 25 expiry: Maximum call open interest at 24,300 and maximum put open interest at 24,000.
Securities Under Ban for Aug. 24
Steel Authority Of India Ltd.
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