Top Stocks to Watch On August 29: P&G Hygiene, Vedanta, Zomato, PB Fintech, National Aluminium Company, NLC India, Sonata

Top Stocks to Watch On August 29

Top Stocks to Watch On August 29: On Thursday, Indian benchmark indices Bse Sensex and Nifty 50 were increasing today.

At 10:09 am, Bse Sensex was up by 0.23% and was trading at Rs 81,972 while the Nifty 50 was hiked by 0.19%, trading at Rs 25,100 on August 29.

There are many stocks that you should watch today. Some of them are P&G Hygiene, Vedanta, Zomato, PB Fintech, National Aluminium Company, NLC India, and Sonata.

Let’s get into more detail insights about these companies:

Also Read: Top Stocks to Watch On August 28: LTIMindtree, Wipro, ICICI Prudential, Airtel, Zydus Lifesciences, NBCC India, Kirloskar Brothers, Jio Financial Services, and UPL

P&G Hygiene

The FMCG company reported that it made a net profit of Rs 81.06 crore during the June quarter. The net profit has declined by 46.4% compared to the year-ago period.

The company revenue rose by 9.3% to Rs 931.8 crore in the first quarter against a year-ago period. The board issued a final dividend of Rs 95 for each share.

Vedanta

The company reported that a meeting will be held on September 2 which will be attended by the boards of the company to discuss and approve any third interim dividends on equity shares for the fiscal year 2024–25.

Zomato

The leading food delivery company has announced “Zomato for Enterprise” (ZFE) which is a type of platform for businesses to manage their food expenses.

However, this is a big step taken by the CEO Deepinder Goyal as they plan to diversify.

PB Fintech

According to the media reports, Tencent Cloud Europe is expected to sell 9.7 million shares, or 2.1% of the company on August 29 through block deals. CNBC-TV 18 reported that the floor price of the shares is Rs 1,660.2 per share at a 4.5% discount to CMP.

Also Read: Gold and Silver Rates Today On August 28: Check the Latest Gold Rates in Your City

National Aluminium Company

As per the exchange filing, Khanij Bidesh India Ltd. (KABIL) and Oil India have agreed to a Memorandum of Understanding (MoU) at NALCO’s corporate headquarters in Bhubaneswar on August 28.

NLC India

The company reported that under the central public sector undertaking plan, the company has agreed to a 25-year deal with Telangana state discoms to use 200 MW of solar energy.

Sonata

The company reported that it has secured a multi-million dollar IT deal from a US-based premier healthcare and wellness company. This deal focuses on improving IT budgets and the latest technology landscape.

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