return to news
  1. Stocks to Watch, August 26: Bank of Maharashtra, UCO Bank, IOB, Paytm, Protean eGov Tech, JK Cement, Swan Energy, Vodafone Idea

Market News

Stocks to Watch, August 26: Bank of Maharashtra, UCO Bank, IOB, Paytm, Protean eGov Tech, JK Cement, Swan Energy, Vodafone Idea

Upstox

6 min read | Updated on August 26, 2025, 08:30 IST

Twitter Page
Linkedin Page
Whatsapp Page

SUMMARY

Stocks to Watch: Shares of public sector banks (PSBs) such as Central Bank of India, Indian Overseas Bank, Punjab & Sind Bank, and UCO Bank will be in focus on Tuesday, August 26, as, according to news reports, the government has enlisted Goldman Sachs as the transaction advisor for divesting its stake in the four state-owned lenders.

Stocks to watch

The GIFT NIFTY futures suggest the NIFTY50 index will open 62 points lower. | Image: Shutterstock

Stocks to Watch: The domestic equity market is expected to open with losses on Tuesday, August 26. The GIFT NIFTY futures suggest the NIFTY50 index will open 62 points lower.
Here is a list of stocks that may remain in focus today.
PSU bank shares: Shares of public sector banks (PSBs) such as Central Bank of India, Indian Overseas Bank, Punjab & Sind Bank, and UCO Bank will be in focus on Tuesday, August 26, as, according to news reports, the government has enlisted Goldman Sachs as the transaction advisor for divesting its stake in the four state-owned lenders.

The Centre currently holds more than 90% in each of the four banks.

The global investment banking firm will be tasked with identifying potential bidders for the government's stake in these banks and structuring suitable deals to ensure smooth execution, The Economic Times reported.
Protean eGov Tech: Shares of Protean eGov Technologies, the Mumbai-based technology firm that offers citizen services, e-governance solutions, system integration, business process re-engineering, data centre co-location, and IT consulting services for citizens, corporates, and the government, will be in focus on Tuesday, August 26.

The stock will be on investors' radar today, as the IT company has received an order worth ₹1,160 crore from UIDAI to establish and operate district-level Aadhaar Seva Kendra, the company said in a regulatory filing.

The contract is spread over a period of six years.

Sai Life Sciences: According to news reports, private equity investor TPG Asia is likely preparing to sell up to a 14.72% stake, or about 3.07 crore shares, in Sai Life Sciences Ltd via block deals today.
The proposed sale, valued at nearly ₹2,500 crore, has a floor price fixed at ₹860 per share, about a 5% discount to the company’s last closing price. The deal is expected to be a clean-out trade, signalling a complete exit for the investor, said a report by CNBC-TV18.
Adani Green Energy: CareEdge Ratings on Monday upgraded Adani Green Energy's rating from 'AA-' to 'AA/Stable' due to its market leadership position, robust execution capabilities, and strong operational and financial profile.

According to a CareEdge Ratings statement on ratings assigned to bank facilities of the company, as of June 30, Adani Green Energy Ltd (AGEL) had an operational portfolio of 15.8 GWAC, comprising 70% solar, 13% wind, and 17% hybrid assets.

In addition, the company has an under-construction portfolio of 15.1 GWAC, targeted for development in the next 4-5 years, the agency said.

AGEL's strong execution track record is demonstrated by its rapid scale-up of operations in recent years and its ability to develop projects in challenging locations, such as Khavda, Gujarat, where it currently operates 5.6 GWAC.

Bank of Maharashtra: State-owned Bank of Maharashtra is confident of meeting the minimum public shareholding norm of 25% after one more tranche of fundraising in the current fiscal, its Managing Director & CEO Nidhu Saxena said on Monday.

One more round of share sales will help the bank with both capital adequacy and a lower government stake, Saxena told reporters on the sidelines of FIBAC 2025, organised by FICCI and the Indian Banks Association.

The finance ministry has asked five public-sector banks to increase the public shareholding limit to 25% by August 1, 2026.

This is in line with the Securities Contract (Regulation) Rules issued by the Securities and Exchange Board of India, which mandate that all listed companies, including those in the public sector, must have a minimum public shareholding of 25%.

JK Cement: JK Cement Ltd on Monday said its board has approved investments worth ₹4,805 crore for greenfield expansion of a new cement line of 7 million tonnes per annum (MnTPA).

This includes a clinkerisation unit of 4 MnTPA and cement grinding of 3 MnTPA at Jaisalmer, Rajasthan, and two split grinding units, each of 2 MnTPA capacity, in Rajasthan and in Punjab, according to a regulatory filing from the JK Organisation group firm.

"The total proposed investment for the expansion is estimated at ₹4,805 crore," it added.

Earlier this year, JK Cement had completed the acquisition of a majority stake in Jammu & Kashmir-based Saifco Cements.

Titan: Indian Hotels Company Ltd (IHCL) Managing Director and Chief Executive Officer Puneet Chhatwal has been appointed as an additional director on the Board of jewellery and watchmaker Titan Company.

The board of Titan has approved Chhatwal's appointment, Titan informed in a regulatory filing.

"Based on the nomination received from Tata Sons, co-promoter of the company, the Board vide Circular Resolution dated 22nd August 2025, which was duly approved by the requisite majority on 25th August 2025, approved the appointment of Puneet Chhatwal as an Additional Director on the Board of the Company with effect from 28th August 2025," it said.

Swan Energy: Swan Energy Ltd on Monday officially announced its rebranding to Swan Corp Ltd and unveiled a new corporate identity that reflects its evolution into an industrial conglomerate.

The rebrand marks a strategic shift into key growth sectors, including manufacturing, defence, energy, and real estate, the company said.

The new corporate identity includes a redesigned logo – a stylised swan in upward motion, the company said, and added that the unifying brand will be adopted across all business verticals to reinforce Swan Corp's integrated vision and market presence.

Vodafone Idea: Minister of State for Communications Chandra S Pemmasani has ruled out any further relief to the debt-laden telecom operator.
Paytm: The company, in its filing to stock exchanges, said its board has approved the additional investments by the company by way of subscription to the equity shares of its two wholly owned subsidiaries, namely Paytm Money Limited and Paytm Services Private Limited (“PSPL”), by way of a Rights Issue for an amount up to ₹300 crore, subject to necessary approvals, as applicable.
Aditya Birla Capital: The company, in its filing to stock exchanges, said its board has approved the appointment of Vishakha Mulye as a Managing Director and Chief Executive Officer of the Company for a period of five (5) years. The board has also approved the appointment of Rakesh Singh as an Executive Director and Chief Executive Officer (NBFC) of the company for a period up to July 22, 2027.
(With inputs from PTI)
SIP
Consistency beats timing.
promotion image

About The Author

Upstox
Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.

Next Story