The GIFTY Nifty futures were trading positively during the early hours before the opening of the markets on Thursday. Domestic Indices are expected to open in the green in line with the GIFT Nifty futures amid firm global cues and the successful landing of Chandrayaan-3 on the Moon’s South pole. 

The benchmark equity indices, NSE Nifty 50 and S&P BSE Sensex ended Wednesday in the green after a volatile trading session. The Nifty 50 settled at 19,444 points after surging 0.25% or 47.55 points, while the Sensex rose 213.27 points or 0.33% to close at 65,433.30 points.

Here are some stocks to watch on August 24.

Coforge: Promoter Hulst BV is looking to offload its entire 26.63% stake or 1.62 crore equity shares in the IT firm via a block deal at a floor price of Rs 4,550 per share, which is a 7.4% discount to Wednesday’s closing price of Rs 4,913, taking the deal size to around Rs 7,400 crore.

GAIL: In the annual general meeting, the state-owned gas firm’s CMD Sandeep Kumar Gupta announced that the company plans to invest Rs 30,000 crore over the next three years in pipelines, petrochemical and city gas distribution projects, operational capex, equity contribution in group companies, etc.

Reliance Industries (RIL): Reliance Retail Ventures Ltd (RRVL), the retail arm of Mukesh Ambani-led Reliance Industries, announced that Qatar Investment Authority (QIA) will invest Rs 8,278 crore through a wholly-owned subsidiary for a 0.99% stake in the company. 

NHPC: NHPC signed a Memorandum of Understanding (MoU) with Andhra Pradesh Power Generation Corporation to implement pumped storage hydro-power and renewable energy projects in the state. Under the MoU framework, parties may collaborate to form a joint venture company under the Companies Act, 2013.

Torrent Pharma: The US Food and Drugs Administration (USFDA) has granted a Voluntary Action Indicated classification to Torrent Pharma’s manufacturing site in Dahej, Gujarat, which was earlier placed under ‘Official Action Indicated (OAI)’ classification based on a March 2019 inspection. The site was re-inspected by the US FDA between May 17 and May 25, 2023, and the officials had issued Form 483 with two observations.

TVS Motors: To expand its share in the electric two-wheeler market, the company launched a new two-wheeler Electric scooter named TVS X, a crossover between a motorcycle and a scooter aimed at premium-end young customers. The launch will be followed by the latest generation of iQube EV and more products in electric three-wheeler cargo and even electric bicycle space.