The home inventory market is predicted to open decrease on Friday, August 28. The GIFT NIFTY futures counsel that the NIFTY50 index will open 32 factors decrease.
Here’s a listing of shares which will stay in focus at the moment.
Lenskart: Shares of Lenskart will probably be in focus as investor Alpha Wave Ventures II is prone to promote as much as 2.08 crore shares by way of a block deal price as a lot as ₹1,313 crore, in accordance with information reviews.
The ground value for the supply has been set at ₹630 per share, a 1.7% low cost to Lenskart’s earlier closing value. The stake sale represents round 1.2% of the corporate’s present fairness. Alpha Wave Ventures II held a 1.2% stake in Lenskart as of the quarter ended June.
Hero MotoCorp, Ather Power: Hero MotoCorp has accredited the acquisition of further shares in electrical two-wheeler maker Ather Power for as much as ₹1,758 crore. The funding will enhance Hero MotoCorp’s stake in Ather to round 32.8% from 29.88% presently, on a totally diluted foundation.
The acquisition, which will probably be funded in money, is predicted to be accomplished by September 3, 2026.
This transfer additional strengthens Hero MotoCorp’s publicity to the fast-growing electrical two-wheeler section, with Ather reporting a turnover of ₹3,671.76 crore in FY26, up from ₹2,255 crore in FY25.
Wipro: The IT companies agency on Thursday introduced the growth of its partnership with Google Cloud to speed up the enterprise-wide adoption of Gemini Enterprise and agentic AI.
Moreover, Wipro is scaling the interior deployment of Gemini Enterprise and can empower over 10,000 AI-certified specialists, together with 1,500 Ahead Deployed Engineers (FDEs), with superior AI capabilities to boost productiveness, streamline operations, and speed up decision-making.
Apollo Tyres: Shares of Apollo Tyres are anticipated to be within the highlight on Friday, August 28, following a block deal on Thursday.
NSE block deal knowledge confirmed that non-public fairness main Warburg Pincus divested a 4.25% stake in Apollo Tyres for ₹1,175 crore by way of open market transactions on Thursday.
US-based Warburg Pincus, by way of its arm Emerald Sage Funding Ltd, offered a complete of two,70,10,000 shares, representing a 4.25% stake in Gurugram-based Apollo Tyres, in accordance with block deal knowledge on the Nationwide Inventory Change (NSE).
The shares have been disposed of at a mean value of ₹435 apiece, bringing the transaction worth to ₹1,174.93 crore.
After the newest transaction, Emerald Sage Funding’s holding in Apollo Tyres has come down to five.68% from 9.93%.
Hindustan Copper: Shares of the state-owned mining and manufacturing agency, Hindustan Copper, are anticipated to be within the highlight on Friday, August 28, as the corporate mentioned its shareholders, on the upcoming annual basic assembly (AGM), will contemplate a particular decision for elevating funds by way of a certified institutional placement (QIP) and thru the issuance of non-convertible debentures (NCDs).
Texmaco Rail: Shares of Texmaco Rail & Engineering are prone to be in focus after the corporate signed a memorandum of understanding (MoU) with Germany-based Bochumer Verein Verkehrstechnik GmbH (BVV) to discover a possible three way partnership in India.
The proposed partnership will give attention to manufacturing railway wheels, wheelsets, axles and associated rail elements for Indian Railways and world markets.
Tejas Networks: Tejas Networks shares will probably be within the highlight after the corporate, on Thursday, August 27, mentioned it has acquired an order from the Indian IT companies big Tata Consultancy Companies (TCS).
The home telecom gear maker has acquired a Letter of Intent (LoI) from TCS for the provision of RAN gear, equipment and set up supplies. The order covers 18,685 websites for BSNL’s 4G cell community and is valued at ₹1,537 crore.
“The detailed Buy Order for a similar could be issued by TCS to the corporate in the end,” Tejas Networks mentioned in a regulatory submitting.
By the tip of Q1 FY27, the corporate’s order e book stood at ₹1,529 crore. Tejas Networks’ closing order e book in Q1 comprised 93% from India and seven% from worldwide markets.
GK Power: The corporate has bagged an order for a photo voltaic mission for 1 lakh households.
Value ₹454.50 crore, the corporate acquired a Letter of Empanelment (LOE) from a number one state government-owned energy distribution utility for grid-connected rooftop photo voltaic photovoltaic initiatives. Underneath the empanelment, GK Power has been allotted 1 kW rooftop photo voltaic capability to be put in throughout 1 lakh households, with a mixed capability of 100 MW.
As a part of the mission scope, GK Power will undertake design, engineering, provide, set up, testing and commissioning of the rooftop photo voltaic techniques, together with O&M for a interval of 5 years. The initiatives are anticipated to be accomplished inside 60 days from the issuance of the respective work orders.
ICICI Prudential AMC: Hong Kong-based Prudential plc on Thursday accomplished the sale of a 2% stake in ICICI Prudential Asset Administration Firm (AMC) for ₹3,030 crore by way of an open market transaction.
Prudential, by way of its subsidiary Prudential Company Holdings Ltd, offered 98,85,169 shares, representing a 1.99% stake in Mumbai-based ICICI Prudential AMC, in accordance with bulk deal knowledge on the BSE.
The shares have been disposed of at a mean value of ₹3,065.47 apiece, taking the transaction worth to ₹3,030.27 crore.
After the newest transaction, Prudential Company Holdings will retain a 32.6% stake in ICICI Prudential Asset Administration Firm Ltd.
The mixed holding of promoters and promoter group entities in ICICI Prudential AMC declined to 85.61% from 87.60%.
Particulars of the consumers of ICICI AMC’s shares couldn’t be recognized on the BSE.
Foseco India: UK-based Morgan Superior Supplies on Thursday exited Foseco India by promoting its total 15.26% stake within the firm for ₹678 crore by way of open market transactions.
Morgan Superior Supplies, by way of its two associates, Morganite Crucible Ltd and Morgan Terrassen BV, offered a complete of 11,50,800 shares, amounting to a mixed 15.26% stake in Pune-based Foseco India, as per block deal knowledge on the NSE.
The shares have been disposed of at a mean value of ₹5,897 per share, bringing the deal worth to ₹678.62 crore.
In the meantime, a bunch of home and international institutional buyers stepped in to purchase the shares of Foseco India on the identical value.
Mutual Funds managed by LIC, Motilal Oswal, Invesco, SBI, Mahindra Manulife and Mirae Asset have purchased the shares.
Dixon Applied sciences, others: Shares of Dixon Applied sciences, Amber Enterprises India, and Syrma SGS Know-how are prone to be in focus. Based on information reviews, the Items and Companies Tax (GST) Council could contemplate chopping the 18% GST charge on cell phones.
The transfer is aimed toward reviving slowing handset demand and stopping the tax from changing into a drag on India’s electronics manufacturing ambitions.
The proposal is predicted to be mentioned on the Council’s assembly, which is prone to be held subsequent month.
With inputs from PTI
Disclaimer: This text is solely for informational functions and shouldn’t be thought-about funding recommendation from Upstox. Please seek the advice of with a monetary advisor earlier than making any funding selections.
