Benchmark directories eliminated all intraday profits and broke off in the red on August 18, 2021. The Sensex at close was down 162.78 points or 0.29% at 55629.49, and Nifty was under 45.80 points or 0.28% at 16568.80. Today, we have the Top are 10 stocks that were in the spotlight this August.
Top 10 stocks of August
- HDFC Bank (CMP: Rs 1,511.50)The stock halted in red after progressing over 3% at open on August 18. It did so after the RBI relaxed restriction specked on sourcing of new credit cards. The constraints on all new launches of the Digital Business developing activities scheduled under Digital 2.0 will proceed until further review by RBI, bank said in the press release.
- Tata Steel (CMP: Rs 1,497.20)The company commissioned its new 0.5 MnTPA Steel Recycling Plant at Rohtak, Haryana. It is set up in affiliation with M/s Aarti Green Tech Ltd., as a ‘Build, Own, Operate’ (BOO) partner, company said in the acquittal.
- Vodafone India (CMP: Rs 6.35) The stock price surged over 10% on August 18. The company is in discussion with bond proprietors to refinance over Rs 6,000 crore that is in debt and is due in the next four-six months. The telecom firm has boosted tarrifs by around 61% for its entry level pre-paid plans, as per to media reports.
- Jubilant FoodWorks (CMP: Rs 4,032.05) With an addition of over 3% on August 18, the stock of Domino’s Pizza and Dunkin’ Donuts’ operator in India is over 33%. Jubilant FoodWorks aims to “transform itself into a food-tech powerhouse” after reporting a robust comeback from the second COVID wave, said the company.
- Hindustan Aeronautics (CMP: Rs 1,122.45) The stock price gained over 5 percent after the state-run aerospace firm on August 17 said it has placed an order of Rs 5,375 crore for 99 F404-GE-IN20 engines and support services with GE Aviation, US to power the Tejas Light Combat Aircraft (LCA). The contract was signed at HAL Corporate Office, the company said in a release.
- Bharat Dynamics (CMP: Rs 387.25) The script was up over 4% after the company signed an agreement with MBDA, in order to establish an advanced short range air-to-air missile facility in India.
- Bharat Forge (CMP: Rs 802)The launch, scheduled for the second half of the year, will further highlight how companies are rushing to tap the upcoming and burgeoning EV segment. The share ended in the red on August 18. The company said it is set to enter the electric vehicle (EV) space with two-wheelers and three-wheelers in FY22, a top company official said.
- Cadila Healthcare (CMP: Rs 540.85)The stock added 2% after Zydus Cadila received tentative approval from the USFDA to market Lenalidomide Capsules in the strengths of 2.5 mg, 5 mg, 10 mg, 15 mg, 20 mg, and 25 mg. Lenalidomide is used to treat various types of cancers.
- Subex (CMP: Rs 53.70)It added 2% after the company won a 5-year contract with Dhiraagu for integrated revenue assurance and fraud management. “The firm has been awarded a seven-digit, five-year contract from Dhiraagu, the leading telecom operator of Maldives, to provide its integrated revenue assurance and fraud management (iRAFM) solution,” the company said in its release.
- ISGEC Heavy Engineering (CMP: Rs 690.55)The share price expired in green on August 18. The company availed an order for two gas-fired boilers from the Naval Project of the Indian Navy. The scope of work includes manufacturing two 40 TPH Boilers on a turnkey basis.
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