Stocks to Watch: The domestic stock market will likely open in the red on Wednesday, August 20. The GIFT NIFTY futures suggest that the NIFTY50 index will open 66 points lower.
Here is a list of stocks that may remain in focus today.
Vedanta: Shares will be on investors' radar as the NCLT hearing for Vedanta's demerger scheme is slated for today, i.e., August 20, 2025. It must be noted that the Ministry of Petroleum and Natural Gas raised objections to Vedanta Limited’s proposed demerger during a hearing before the National Company Law Tribunal (NCLT), Mumbai Bench, held on Wednesday, July 2.
Vedanta announced its demerger plan in September 2023 to split the business into four independent listed companies focusing on aluminium, oil and gas, power, and base metals. The move aims to enhance operational efficiency, streamline management, and unlock shareholder value.
HAL, other defence stocks: Shares of Hindustan Aeronautics (HAL) will be in focus on Wednesday, August 20, as, according to news reports, in a major push for Make in India, the government on Tuesday cleared a proposal to buy a second tranche of 97 LCA Mark 1A Tejas fighter jets from HAL for the Indian Air Force in a deal worth ₹62,000 crore.
Endurance Technologies: The company, in its filing to stock exchanges, said it has evaluated and approved capacity addition for ABS, disc brake systems and brake discs. This strategic capacity enhancement is being undertaken in view of the higher demand expected for advanced safety products of this nature. New machinery shall be installed primarily for manufacturing the mentioned products at the company’s existing plant situated at E-71, MIDC Industrial Area, Waluj, Chh. Sambhajinagar.
Investment required
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For ABS: around ₹103.1 crore;
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For disc brake systems: around ₹19.6 crore;
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For Brake Discs: around ₹12.9 crore.
VA Tech Wabag: Water technology solutions provider VA Tech Wabag on Tuesday said it has secured a repeat order worth about 5.12 million Bahraini dinars (about Rs 118 crore) from the Bahrain government for Operation and Maintenance (O&M) of the 40 MLD Madinat Salman Sewage Treatment Plant (STP) and Long Sea Outfall for a period of five years.
"We are proud to secure this prestigious repeat O&M order from the Ministry of Works, Municipalities Affairs and Urban Planning in the Kingdom of Bahrain. This order further strengthens our O&M order book, providing annuity income, improved cash flows, and revenue predictability," Wabag GM - MENA RHQ, Srinivasan K, said in a statement.
Delta Corp, Nazara Tech: Shares of online gaming companies such as Delta Corp, Nazara Technologies, and OnMobile Global are expected to remain under pressure on Wednesday, August 20.
This is because
the proposed promotion and regulation of online gaming bill, cleared by the Union Cabinet on Tuesday, prohibits online money gaming or its ads and prescribes imprisonment or a fine, or both, for those offering or advertising them, as it seeks to differentiate such games from eSports or online social games, according to a
PTI report.
JSW Steel: Odisha Chief Minister Mohan Charan Majhi on Monday said that South Korean steel major POSCO is all set to establish a 6 MTPA greenfield project in the state’s mineral-rich Keonjhar district in a joint venture with the JSW Group.
Welcoming the return of POSCO to the state, Mjahi said the JSW CEO met him during the day and confirmed that their plant will be set up in Keonjhar, the CM’s home district.
In 2005, POSCO signed an MoU with the Odisha government to set up a steel plant in the Jagatsinghpur district at an initial investment of ₹52,000 crore. However, the project could not progress due to resistance from locals and regulatory hurdles. The company abandoned the project in 2017.
Phoenix Mills: The Competition Commission has cleared The Phoenix Mills Ltd's proposed ₹5,450 crore deal to acquire a 49% stake in its joint venture firm Island Star Mall Developers Pvt Ltd (ISMDPL).
Currently, The Phoenix Mills and Canada Pension Plan Investment Board (CPP Investments) hold 51% and 49% stakes in ISMDPL, respectively.
Post deal, the company's stake in ISMDPL will rise to 100% as CPP Investments will exit the joint venture.
In a release on Tuesday, the Competition Commission of India (CCI) said it has approved the proposed acquisition.
ISMDPL is primarily into the development of commercial and retail real estate in certain cities.
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