Stocks To Watch Today On August 19: The week has kicked off with key domestic and global factors to set the tone for the market. Investors should keep a watch on August 19, 2024, on Birla Soft, Mphasis, Hindustan Zinc, Jubilant Pharma, Adani Enterprises, and Uno Minda, among others.
This week, the financial markets in India will be majorly influenced by fewer cues on the macro and micro fronts, as the Q1 earnings season has concluded. Important global economic data, such as Japan’s inflation numbers and the minutes from the US Federal Open Market Committee (FOMC) meeting, will be closely watched. The uncertain geopolitical situation remains the primary near-term risk for the market
Later this month, India’s official Q2 GDP data will also be announced, which will impact stocks in the last week of August and the first week of September.
Meanwhile, here are some stocks to watch on August 19:
Adani Enterprises
The company’s Management Committee has approved a public issuance of non-convertible debentures totalling up to Rs 400 crore. There is an option to retain oversubscription up to an additional Rs 400 crore, bringing the total potential issuance to Rs 800 crore.
Uno Minda
Ramesh KS has been appointed as the Chief Executive Officer (CEO) for the ECS-2 Domain, effective August 17. He will report directly to Nirmal K. Minda, the Chairman and Managing Director of the company.
Poonawalla Fincorp
The Reserve Bank of India has levied a monetary penalty of Rs 10 lakh on Poonawalla Fincorp for failing to comply with certain provisions related to the Fair Practices Code for Non-Banking Financial Companies (NBFCs).
DCX Systems
The company has secured orders worth Rs 107.09 crore from both domestic and international customers for the supply of electronic kits and cable & wire harness assemblies.
Mphasis
Aravind Viswanathan has been appointed as the Chief Financial Officer (CFO) of the company, effective immediately, following the resignation of the previous CFO, Manish Dugar.
Hindustan Zinc
Promoter Vedanta has opted to exercise the oversubscription option in the offer-for-sale of Hindustan Zinc, extending the offer by 1,21,65,562 equity shares (representing 0.29% of paid-up equity share capital). This is in addition to the 5,14,40,329 equity shares (1.22% stake) forming the base offer size. The total offer size now stands at up to 6,36,05,891 equity shares (1.51% stake), with 63,60,590 equity shares reserved for allocation to retail investors on August 19.
Jubilant Pharmova
Jubilant Biosys Innovative Research Services Pte, Singapore, a subsidiary of Jubilant Biosys (which is wholly owned by Jubilant Pharmova), has issued a “put option offer” to Pierre Fabre Laboratories. This offer entails Jubilant Biosys acquiring an 80% equity stake (4.4 million euros over 2 years) in a new company to be formed in France. This new entity will take over Pierre Fabre’s R&D Centre, including the site and R&D activities, at Saint Julien, France. The acquisition will enable Jubilant Biosys to establish a European center of excellence for Biologics and Antibody Drug Conjugates (ADC), targeting a total addressable market of $500 million. Additionally, Pierre Fabre Laboratories may procure services from Jubilant Biosys worth 7 million euros over the first four years post-closing.
Birla Soft
F&O ban has been removed from IT firm Birla Soft’s stock.
Stock Turning Ex-Buyback
Chaman Lal Setia Exports has turned ex-buyback.
Stocks Turning Ex-Dividend
Reliance Industries, Man Infraconstruction, Action Construction Equipment, and Dr Agarwal’s Eye Hospital have turned ex-dividend.
Stocks Under F&O Ban
The following stocks are currently under the Futures & Options (F&O) ban: Aarti Industries, Aditya Birla Fashion and Retail, Bandhan Bank, Biocon, Chambal Fertilisers and Chemicals, GNFC, Granules India, India Cements, IndiaMART InterMESH, LIC Housing Finance, Manappuram Finance, NMDC, Piramal Enterprises, Punjab National Bank, RBL Bank, SAIL, and Sun TV Network.
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