Stocks to watch, August 19: Oil-linked stocks, Swiggy, Paytm, HZL, PC Jeweller, Groww, Jubilant Ingrevia

The domestic equity market is expected to open in the red on Wednesday, August 19. The GIFT NIFTY futures suggest that the NIFTY50 index will open 23 points lower.

Higher crude prices are typically positive for upstream producers such as ONGC and Oil India, while they can pressure margins of oil marketing companies, airlines, paint and tyre manufacturers due to elevated input costs.

The shareholders approved a special resolution in this regard, Swiggy informed in a regulatory filing on Tuesday.

The Indian owned and controlled company status would allow Swiggy to directly own and sell inventory through its quick commerce brand Instamart, a move expected to improve margins and strengthen supply chain control.

Rival Blinkit, owned by Eternal, follows an inventory-led model.

“The facility enables surplus associated natural gas from the Upper Assam Shelf to be processed and evacuated through the North East Gas Grid (NEGG) developed by Indradhanush Gas Grid Limited (IGGL),” the press release said.

The development complements the commissioning of the Dergaon–Dimapur Pipeline, which has connected Nagaland to the North East Gas Grid and the National Gas Grid.

The new connectivity will facilitate utilisation of nearly 1 lakh Standard Cubic Metres (SCM) of gas per day from ONGC’s Jorhat asset.

The company is progressing towards meeting approximately 70% of its overall power requirements through renewable energy by FY2027-28, it said.

Across its business units in Rajasthan and Uttarakhand, Hindustan Zinc has continued to strengthen its renewable power generation capabilities.

During FY'26, the company generated 892 million units of green power, compared with 632 million units in FY'25.

The increase in green power generation, along with renewable power procurement, has contributed to the steady growth of renewable energy in the company's overall power mix, the company said in a filing to BSE.

The company has entered into a binding agreement with Zettaone Technologies India Pvt Ltd for the proposed acquisition, Jubilant Ingrevia Ltd said in a regulatory filing.

Zettaone Technologies, co-founded by Harikrishnan, Sureshkumar, Prabu and Arunkumar, is an electronics design and manufacturing platform with integrated capabilities in electronics/semicon industry.

This acquisition will allow the company to capitalise on its proven manufacturing and customer-centric capabilities in the CDMO space, while further strengthening its engagement with customers across the electronics and semiconductor value chain, it added.

US-based Y Combinator, through its affiliate YC Holdings II, LLC, sold a total of 7,46,87,500 shares, representing a 1.19% stake in Bengaluru-based Groww, as per the bulk deal data on the BSE.

The shares were offloaded at an average price of ₹192.16 apiece, taking the transaction size to ₹1,435.19 crore.

After the latest transaction, YC Holdings II LLC's shareholding in the stock broking firm declined to 7.44% from 8.63%.

Details of the buyers of Billionbrains Garage Ventures' shares could not be ascertained on the exchange.

"In line with its objective of achieving a debt-free status in the current quarter itself, the Company has successfully cleared and repaid all its outstanding debt under the terms of the Settlement Agreement dated 30 September 2024 with respect to 1 more bank. With this successful clearance of debt, the Company has now repaid all the outstanding debt of 8 out of the 14 consortium banks, with all repayments completed ahead of scheduled due dates," the statement read.

The company also appointed Manish Pathania, formerly with Bajaj Markets, as the Chief Business Officer (CBO) of MDSPL to lead the vertical.

The transfer of the Lending Service Provider (LSP) business, which includes the migration of associated employees, was executed on a "slump sale" basis.

According to a regulatory filing, the consideration for the sale will be discharged through the issuance of Non-Convertible Debentures (NCDs) by MDSPL to the parent company, based on the book value of assets and liabilities as of August 18, 2026.

TMILL, a public limited company, is a 51:23:26 joint venture between Tata Steel, IQ Martrade and NYK Europe. Following the proposed acquisition, Tata Steel will become the majority stakeholder and IQ Martrade will exit from the JV entity.

"The proposed combination pertains to the acquisition by Tata Steel Ltd of the entire shareholding comprising 23 per cent equity shares held by one of the existing joint venture partners, ie, IQ Martrade Holding Und Management GmbH in TM International Logistics Ltd, and the consequent exit of IQ Martrade from TMILL," CCI said in a release.

The move is expected to improve supply visibility, reduce reliance on costly LNG and support margins for CGD companies.

APM (Administered Price Mechanism) gas is natural gas produced from government-nominated domestic fields and sold at a regulated price.

It is much cheaper than imported LNG, making it the preferred source for CNG and household cooking gas.

The company currently has 28 locations in West Bengal, including four in Kolkata, and plans to add another 26 locations in the state by March 2027, of which four are expected to be in Kolkata, Raju Dodti, Whole-time Director and Chief Operating Officer, L&T Finance said.

The lender launched new campaigns to promote its gold loan product.

The expansion is part of L&T Finance’s broader strategy to scale up its gold-loan network, with the company targeting around 100 new branches across eastern India. It has set a target of adding about 500 branches during the current financial year, taking its total network to around 843 branches.