The Nifty 50 closed today at 24,770.2, marking a 0.17% increase. The index hit a high of 24,867.35 and a low of 24,784.45 during the trading session. Similarly, the Sensex ended the day up by 0.18%, closing at 80,905.3, which was 147.89 points above its opening price. The Sensex traded within a range of 81,236.45 to 80,954.02.
Here are some of the key stocks to keep an eye on today:
Jain Irrigation Systems
Jain Irrigation Systems has announced a significant development for coffee growers. The company signed a Memorandum of Understanding (MoU) to commercially release advanced high-quality, disease-resistant coffee plants. This move is expected to benefit coffee farmers by providing them with better planting materials.
Shriram Finance
Shriram Finance has received approval from the Competition Commission of India (CCI) to sell its entire stake in Shriram Housing Finance to Mango Crest Investment Ltd, an affiliate of Warburg Pincus. This sale is still subject to regulatory approvals, but it’s a notable step forward for the company.
Wipro
Wipro has been selected by the John Lewis Partnership to lead a comprehensive transformation and modernization of the UK retailer’s IT infrastructure. This collaboration aims to strengthen John Lewis Partnership’s leadership in the retail industry and equip them with a future-proof technology framework.
Nykaa
Harindarpal Singh and Associates is planning to sell up to 1.4% of its stake in Nykaa, the popular beauty and wellness e-commerce platform. The shares will be offered at a floor price of ₹198 each, with JPMorgan Chase & Co and Goldman Sachs facilitating the sale.
Zomato
Zomato’s founder and CEO, Deepinder Goyal, announced the immediate shutdown of the Zomato Legends service. The decision follows two years of efforts to find a suitable product-market fit, which ultimately did not succeed.
Lemon Tree Hotels
Lemon Tree Hotels has signed a new property, Keys Select by Lemon Tree Hotels, in Shivpuri, Madhya Pradesh. The hotel is expected to open in FY 2026 and will operate under a franchise agreement with Lemon Tree Hotels Limited.
Ambuja Cement
Ambuja Cement is likely to see significant trading activity today. Media reports suggest that its promoter, Holderind Investments, plans to offload a 2.84% stake in the company through a large block deal. The deal is expected to be worth ₹4,198 crore.
Adani Power
On August 22, 2024, Adani Power Ltd announced that the National Company Law Tribunal (NCLT) Hyderabad Bench approved its ₹4,101 crore resolution plan to acquire Lanco Amarkantak Power Ltd (LAPL).
