Stocks to Watch Today: 10 Indian Stocks in Focus on August 24, 2026
Indian equity markets begin the new week after the Nifty 50 closed at 24,252 on Friday, gaining 20 points in a largely range-bound session. The index remained below the 24,300 level, which market participants are watching closely, while 24,000 remains an important downside reference. High crude oil prices, geopolitical uncertainty and elevated global bond yields continue to influence sentiment.
Several company-specific developments released over the weekend and ahead of Monday’s session are putting individual stocks in focus. These include corporate approvals, new orders, fundraising plans, regulatory developments, business partnerships and corporate actions.
Quick Summary: Stocks in Focus Today
| Stock | Why It Is in Focus |
|---|---|
| Reliance Industries | Shareholders approved key related-party transactions and expanded business objectives |
| Bank of Baroda | Completed an additional $400 million senior notes issuance |
| Power Grid Corporation | Selected for an interstate transmission project linked to renewable energy |
| Jubilant Pharmova | US FDA approved commercial batch manufacturing on a new Spokane facility line |
| NATCO Pharma | US FDA issued four observations following a Hyderabad facility inspection |
| JSW Infrastructure | Agreed to acquire 100% of JSW Overseas |
| Caplin Point Laboratories | US FDA issued 10 observations after an inspection |
| Kaynes Technology | Signed a strategic MoU with BOSGAME for expansion in India |
| Diamond Power Infrastructure | Received a ₹52.86 crore cable-supply order for a Hyderabad data centre |
| Federal Bank | Board approved plans to raise up to $500 million through foreign-currency bonds |
Reliance Industries
Reliance Industries is in focus after shareholders approved three resolutions on August 20. The resolutions include material related-party transactions involving the company and its subsidiaries.
Shareholders also approved an expansion of the company’s objects clause to include activities related to ammonium nitrate, explosives, blasting agents, fertilisers and agro-chemicals. The approvals add new corporate developments to the company’s already diversified business portfolio.
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Bank of Baroda
Bank of Baroda has completed the issuance of an additional $400 million of senior unsecured Reg-S fixed-rate notes.
The notes carry an all-in yield of 5.389% per annum and an original coupon of 5.318%, with a five-year original maturity. The securities will be issued through the bank’s IFSC Banking Unit in GIFT City and are scheduled to be listed on multiple exchanges.
Power Grid Corporation
Power Grid Corporation of India has been declared the successful bidder under the tariff-based competitive bidding process for establishing an interstate transmission system connected with renewable-energy projects in Gujarat.
The discovered tariff for the project stands at ₹822.91 crore per annum. The development adds another transmission-infrastructure project to Power Grid’s portfolio as India continues to expand renewable-energy capacity.
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Jubilant Pharmova
Jubilant Pharmova is in focus after the US Food and Drug Administration approved commercial batch manufacturing of the first product on Line 3 at the company’s new isolator-based fill-and-finish facility in Spokane, Washington.
The facility is operated by Jubilant HollisterStier, a subsidiary within the Jubilant group. The approval is connected with the commercial ramp-up of the new sterile-injectables manufacturing capacity.
NATCO Pharma
NATCO Pharma disclosed that the US FDA issued a Form 483 containing four observations following an inspection of its finished dosage formulations facility in Hyderabad.
The inspection took place between August 17 and August 21. The company will now be in focus as investors track its response and any subsequent regulatory developments related to the observations.
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JSW Infrastructure
JSW Infrastructure has entered into a share purchase agreement to acquire 100% of JSW Overseas FZE from JSW Terminal (Middle East) FZE.
The transaction is subject to necessary regulatory approvals in India and the UAE. Once completed, JSW Overseas will become a direct wholly owned subsidiary of JSW Infrastructure instead of remaining a step-down subsidiary.
Caplin Point Laboratories
Caplin Point Laboratories is in focus after the US FDA issued a Form 483 containing 10 observations following an unannounced inspection at one of the company’s manufacturing units.
The inspection was conducted between August 13 and August 21. The regulatory development places the company’s manufacturing operations under closer market attention.
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Kaynes Technology
Kaynes Technology India has signed a strategic memorandum of understanding with BOSGAME aimed at establishing and expanding BOSGAME’s presence in the Indian market.
The partnership is expected to combine BOSGAME’s product and intelligent-computing portfolio with Kaynes Technology’s capabilities across electronics design, engineering, integrated manufacturing, testing and supply-chain management.
Diamond Power Infrastructure
Diamond Power Infrastructure has received a ₹52.86 crore letter of intent/order, including GST, from Aurionpro Solutions.
The order involves supplying high-tension and low-tension electrical cables to a hyperscale data-centre campus in Hyderabad. The project covers approximately 130 kilometres of cable, connecting the company to India’s expanding data-centre infrastructure ecosystem.
Federal Bank
Federal Bank’s board has approved a proposal to raise up to $500 million through foreign-currency-denominated bonds.
The fundraising is planned through the bank’s IFSC Banking Unit in GIFT City. The announcement puts the bank’s capital-raising plans in focus as investors track funding activity across India’s private banking sector.
Market Overview
The Nifty 50 closed Friday at 24,252 after a relatively quiet session. The index remains below the 24,300 level, which is being watched as an important near-term reference. Market commentary places resistance around 24,350–24,500, while 24,000 remains an important support area.
Foreign portfolio investors were net sellers of approximately ₹543 crore on Friday, while domestic institutional investors were net buyers of around ₹2,123 crore. The rupee settled at approximately ₹95.71 against the US dollar.
Crude oil prices, Middle East tensions and elevated international bond yields remain important macroeconomic factors. The market is therefore entering the week with a combination of company-specific developments and broader global risks.
Sector Trends to Watch
Energy and infrastructure: Reliance Industries and Power Grid have fresh corporate developments, while Diamond Power’s new data-centre order adds another infrastructure-related trigger.
Banking and financial services: Bank of Baroda and Federal Bank are in focus because of international debt-market fundraising activity.
Pharma: Jubilant Pharmova, NATCO Pharma and Caplin Point Laboratories have fresh US FDA-related developments.
Technology and electronics: Kaynes Technology’s partnership with BOSGAME highlights continued activity in India’s electronics and intelligent-computing ecosystem.
Ports and logistics: JSW Infrastructure’s proposed acquisition of JSW Overseas adds a corporate-structure development to the infrastructure sector.
Disclaimer: This article is for informational and educational purposes only. It does not constitute investment advice or a buy or sell recommendation.
