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Stocks to watch: Shares of firms like Reliance Industries, IndiGo, ICICI Bank, TVS Motor, Infosys, NTPC, and others will be in focus on Friday’s trade
Stocks To Watch on August 29.
Stocks To Watch On August 29, 2025: Indian equities extended their decline on the monthly expiry day, slipping nearly 1% and continuing the corrective trend. In today’s trade, Reliance Industries, IndiGo, ICICI Bank, TVS Motor, Infosys, and others are in focus due to key developments:
IndiGo: Co-founder Rakesh Gangwal and the Chinkerpoo Family Trust sold 7.56 million shares (1.96% stake), raising about Rs 4,390 crore ($501 million).
Reliance Industries: Shares are in focus ahead of its 48th AGM at 2 PM, where Chairman Mukesh Ambani will address 44 lakh shareholders. Updates on energy, telecom, digital businesses, and the much-anticipated Jio IPO are expected.
Jio Financial Services: Reported a sharp rise in NBFC loan book to Rs 11,665 crore in Q1FY26 from Rs 217 crore a year ago. Its JioBlackRock JV raised over Rs 17,800 crore across two offerings.
NTPC: Announced partial transfer of its coal mining business to subsidiary NTPC Mining Ltd, which generated Rs 7,735 crore in FY25 (~4% of total revenue).
CG Power: Through its subsidiary CG Semi, launched India’s first full-service OSAT facility for semiconductor assembly and testing in Sanand, Gujarat.
Muthoot Finance: Invested Rs 500 crore in subsidiary Muthoot Money Ltd via allotment of 3.25 lakh equity shares.
Lemon Tree Hotels: Signed agreement for a 98-room property in Mohkampur, Dehradun, with restaurant, lounge, conference hall, pool, and fitness center.
Infosys: Partnered with Mastercard to integrate Mastercard Move with Infosys Finacle, enabling faster cross-border payments across 200 countries and 150 currencies.
ICICI Bank: Group Chief Compliance Officer Subir Saha retired effective August 28.
TVS Motor: Company continues to face supply constraints of rare earth magnets, impacting EV production volumes.
RBL Bank: Societe Generale acquired over 31 lakh shares worth Rs 79 crore via bulk deals.
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Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More
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