Share Market News August 26: ONGC, GMR Airports, Dr Reddy's, Manappuram, Aarti Industries, other stocks to track on Monday
Last week, domestic equity benchmarks saw a rise of about 1%, with the Sensex increasing by 649.4 points and the Nifty50 climbing by 282 points. On Monday, certain stocks are expected to be in the spotlight.
Share Market News August 26: Last week, domestic equity benchmarks rose about one per cent with the Sensex gaining 649.4 points and the Nifty50 adding 282 points. Hindalco, SBI Life, BPCL, Bajaj Finserv, HDFC Life, Bajaj Auto, Coal India and Hero MotoCorp rose the most among the 39 weekly gainers in the Nifty50 basket. On the other hand, ONGC, Mahindra & Mahindra and Tata Motors were among the top weekly losers.
Here is a list of stocks that are set to be in focus during Monday's session:
Dividend Stocks | Manappuram Finance, Dhruv Consultancy Services, Welcast Steels
Manappuram Finance, Dhruv Consultancy Services and Welcast Steels shares are set to trade ex-dividend on August 26.
Ceigall India results due on Monday
Private sector infrastructure construction company Ceigall India is scheduled to report its financial results for the April-June period on August 26.
VLS Finance stock to trade ex-buyback
VLS Finance shares are slated to trade ex-buyback on Monday.
PSU stock to be in focus; ONGC opens new well in KG basin to boost oil production
State-owned Oil and Natural Gas Corporation (ONGC) has opened another well on its flagship deep-sea project in the Krishna Godavari basin in Bay of Bengal, which will help augment production of crude oil and natural gas.
Infosys scouting for acquisitions
Infosys is on the lookout to scoop up more firms and says the acquisition matching scale of the recent in-tech buy is certainly a possibility. The IT giant's CEO, Salil Parekh, has said that the company is keen on acquisitions in areas like data analytics, SAAS, and may look at some geographies within Europe, and the US.
Modern Engineering And Projects stock to trade ex-rights issue
Modern Engineering And Projects shares are slated to trade ex-rights on Monday.
Aarti Drugs board meeting
Aarti Drugs' board is scheduled to meet on Monday to consider a share buyback proposal.
Awfis Space Solutions pre-IPO anchor book lock-in ends
Awfis Space Solutions' 90-day-long anchor book lock-in period draws to a close.
Juniper Hotels pre-IPO lock-in ends
Similarly, a pre-IPO lock-in placed on Juniper Hotels investors ends on Monday.
Akums Drugs & Pharma Q1 FY25 net profit at Rs 4 crore
Akums Drugs & Pharma has registered a net profit of Rs 4 crore for the June quarter as against a net loss of Rs 225 crore for the corresponding period a year ago
Brightcom Group net loss at Rs 25 crore
Brightcom Group has registered a consolidated net loss of Rs 25 crore for the April-June period as against a net profit of Rs 544 crore a year ago.
NSE index rejig
A number of changes have been announced in key NSE indices including Nifty50, Nifty Next 50 and Nifty Bank with effect from September 30. Divi's Lab and LTIMindtree will be excluded from Nifty50 while Trent and BEL will be included. In Nifty Bank, Bandhan Bank will be replaced with Canara Bank.
Dr Reddy’s Labs in the spotlight
Dr Reddy’s Laboratories has received a Form 483 with three observations for its Srikakulam facility in Andhra Pradesh.
KEC International bags big order
KEC International has won orders to the tune of Rs 1,079 crore in its T&D and cables businesses.
Jewellery & gold financiers will be in focus
Confirming a Zee Business newsbreak, the central government has reduced the duty drawback on gold and silver exports.