Top Stocks to Watch On August 26: Bharat Electronics, Adani Power, Trent, Ambuja Cement, Hero MotoCorp, ONGC, IDFC First Bank, FDC, Karur Vysya Bank, JSW Energy

Top Stocks to Watch On August 26

Top Stocks to Watch On August 26: The Indian stock market on Monday began the day with a positive start because of a strong hint from Jerome Powell's speech that the US Central Bank is expected to cut the interest rates in September meetings.

On August 26, the BSE Sensex with a hike of 0.66% was trading at Rs 81,625 while the Nifty 50 with an increase of 0.65% was trading at Rs 24,983.

There are some best stocks that you should watch today to earn higher returns. Some are Bharat Electronics, Adani Power, Trent, Ambuja Cement, Hero MotoCorp, ONGC, IDFC First Bank, FDC, Karur Vysya Bank, and JSW Energy.

Let’s get onto more detailed insights about these stocks:

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Trent and Bharat Electronics

The National Stock Exchange (NSE) reported that Trent and Bharat Electronics will be added to the Nifty 50 index on September 30 and Divi's Laboratories and LTIMindtree will excluded from the index.

Adani Power

As per the reports, the company has $800 million unpaid dues from Bangladesh for power supplied to its coal-fired plant in Jharkhand. This comes when there are several violent protests in the country.

Ambuja Cement

The cement manufacturer reported that Holderind Investments Limited sold a 2.75 percent stake in Ambuja Cement and GQG Partners Emerging Markets Equity Fund bought a 0.69 percent stake in the company through a bulk deal.

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Hero MotoCorp

The two-wheeler manufacturer reported that the main company, Hero Motors has submitted IPO papers with SEBI and plans to raise up to Rs 900 crore through public subscription.

ONGC

The oil and gas company reported that it has begun production from its fifth oil well in the Krishna River, which is in block KG-DWN-98/2 Cluster-2 Asset of Deepwater Block.

IDFC First Bank

The company reported that it has received an income tax refund of Rs 202.55 crore for the Assessment Year 2023-24. The refunds include Rs 13.30 crore in interest and Rs 189.25 crore in tax refunds.

FDC

FDC reported that the USFDA inspection with form 483 of the Baddi unit in Himachal Pradesh shows zero observations.

Karur Vysya Bank

The Reserve Bank of India (RBI) accepts SBI Mutual Fund's proposal to buy up to 9.99% shares in the lender.

JSW Energy

Mumbai's Adani Electricity gives LoA for 250 MW grid-connected wind power project to JSW Neo Energy.

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