India's stock market ended higher on Friday, August 28, and followed a two-session losing run as IT stocks helped the market. The NSE Nifty 50, on the other hand, rose 84.80 points, or 0.35 percent, to 24,175.65, and the BSE Sensex rose 330.92 points, or 0.43 percent, to 77,264.51.
Against this background, a number of stocks will be in focus today after big corporate news, management changes, regulatory developments, fundraising activity and business expansion plans.
HDFC Bank
HDFC Bank is likely to remain in focus after MD and CEO Sashidhar Jagdishan told the bank's board that he does not wish to seek reappointment after his current tenure ends in October.
The move ends speculation of a longer period of service for Jagdishan, who has been in the bank for around 30 years. Investors will be waiting to know what the lender will do next with the succession of Jagdishan.
Mahindra & Mahindra
Mahindra & Mahindra has expanded its Battery-as-a-Service (BaaS) programme across its electric-origin SUV portfolio.
We now cover models like BE 6 SPORTEQ, XEV 9S and XEV 9e. Under the agreement, customers can get BE 6 SPORTEQ at 11.45 lakh with an effective battery usage cost of Rs 3.75 per kilometre.
Ola Electric Mobility
Ola Electric Mobility received approval from the Ministry of Heavy Industries for an incentive of Rs 95.81 crore under the Production Linked Incentive scheme for automobiles and auto components.
The approval could boost the electric two-wheeler maker as it continues to scale its manufacturing operations.
Knowledge Realty Trust
Knowledge Realty Trust is also expected to attract investor attention after Blackstone-affiliated entities launched an Offer for Sale (OFS) of units in the REIT.
If the greenshoe option is exercised in full, the transaction could be worth as much as Rs 11,988 crore. The vast deal is likely to be a major one for investors dealing with the real estate and REIT industry in India.
Cupid
Cupid's board has given in-principle approval to establish a manufacturing venture in South Africa in partnership with a local entity.
Cupid will hold a 49% stake, and the South African partner and/or eligible local shareholders will hold at least 51%. This could help the company expand its presence in the African market.
Aurobindo Pharma
Aurobindo Pharma said the US Food and Drug Administration has completed an inspection of API Manufacturing Unit-VI of Epitoria Pharma, its wholly owned subsidiary in Andhra Pradesh.
The inspection concluded with three observations. The company said the observations were related to processes.
Clean Max Enviro Energy Solutions
Clean Max Enviro Energy Solutions has signed a term sheet with Envision Energy for the purchase of wind turbines with a total capacity of 1,550 MW.
The agreement represents a significant development for the renewable energy company as it expands its wind power portfolio.
Royal Orchid Hotels
Royal Orchid Hotels has initiated the process of obtaining a discotheque licence for its property located near the KGA Golf Course on HAL Airport Road in Bengaluru.
The development could support the company’s plans to expand its entertainment and hospitality offerings at the property.
LIC Housing Finance
LIC Housing Finance has appointed Sandeep Kumar as its Managing Director and CEO, with the appointment effective from August 29, 2026.
The leadership change will be closely watched as the housing finance company continues to focus on growth and strengthening its lending operations.
Piramal Finance
Piramal Finance completed its Qualified Institutional Placement (QIP) and approved the allocation of 99,52,606 equity shares to eligible qualified institutional buyers.
The shares were issued at Rs 2,110 per share, including a premium of Rs 2,108. The fundraising is expected to strengthen the company's capital base and support its future growth plans.
AXISCADES Technologies
AXISCADES Technologies approved the acquisition of a 90% stake in Bengaluru-based Cloud Wave Technologies for about Rs 234 crore.
The transaction is part of AXISCADES' broader strategic transformation from engineering services to aerospace manufacturing and could enhance its position in that space.
NBCC (India)
NBCC (India) has signed a memorandum of understanding with NHPC to execute infrastructure projects across India.
The projects will include residential blocks, commercial and residential infrastructure, office complexes and related facilities. NBCC will provide project management consultancy services and receive a 5.5% PMC fee, while the detailed project costs will be determined later.
Lenskart
Lenskart experienced a big block deal with Alpha Wave Ventures. The investor sold 2.95 crore shares (around 1.7% of the equity of the company) for about Rs 1,857 crore.
The National Pension System acquired 78.57 lakh shares, representing about 0.45% of the company's equity, for about Rs 495 crore.
With developments in banking, electric vehicles, infrastructure, pharmaceuticals, renewable energy, real estate and financial services, these stocks could be on investors’ radar as trading begins. Market participants will also look at international cues and sector developments as they make investment decisions.
The information is for informational purposes only and is not investment advice. Investors should conduct their own research or consult a qualified financial adviser before making investment decisions.
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