Stocks to watch, August 27: IT stocks, HDFC Bank, Vedanta Aluminium, IRB Infrastructure, Hindustan Copper, BEL

The domestic stock market is expected to open in the red on Thursday, August 27. The GIFT NIFTY futures suggest that the NIFTY50 index will open 84 points lower.

Salesforce, meanwhile, reported 11% YoY growth in Q2 revenue to $11.35 billion and raised its FY27 revenue and earnings outlook, helped by growth in its AI offerings.

The developments could provide a positive read-through for Indian IT companies, particularly those with exposure to AI, cloud, data and digital transformation spending, and may support sentiment around the broader IT pack.

The lawsuit, filed in the US District Court for the Southern District of New York, alleges that HDFC Bank made materially false or misleading statements and failed to disclose information related to alleged payments of around ₹45 crore that were reportedly routed through its marketing budget to induce deposits from a state entity.

After the meeting on Wednesday, IRB Infra announced that the company has proposed to acquire up to 5,40,00,000 additional shares at the price of ₹65 apiece, which amounts to a total investment amount of ₹351 crore, as per the NSE filing.

Operationally, the company commissioned its highest-ever quarterly renewable energy capacity of 601 MWp, comprising 458 MWp of solar and 143 MW of wind, while also adding 403 MWh of battery energy storage capacity. The strong capacity addition and growing presence in storage-backed renewable projects could keep the stock in focus.

The unit was established at Malanpur in Madhya Pradesh. GCPL has been operational in Malanpur since 1991. Located in the Industrial Area of District Bhind, the plant spans a total of 65 acres with a cumulative investment of ₹850 crore.

The Navratna Defence PSU has secured an additional order worth ₹730 crore since the last disclosure on August 10, 2026.

The major orders received include communication equipment, radar, avionics, tank subsystem, electro optics, cyber security, perimeter security, medical electronics, EVM, jammers, batteries, spares, services and more.

Institutional investors on Tuesday, August 25, oversubscribed Hindustan Copper share sale 3.41 times and put in bids worth over ₹4,600 crore. The OFS was open for retail investors on Wednesday.

Department of Investment and Public Asset Management (DIPAM) Secretary Arunish Chawla said the issue received "an enthusiastic response from retail investors".

“The Offer for Sale (OFS) for Hindustan Copper Ltd closed successfully with an enthusiastic response from retail investors. The issue was oversubscribed on both days, and the Government decided to exercise its entire greenshoe option,” Chawla said on microblogging platform X (formerly Twitter).

The court held that there was no breach of natural justice or the fair-hearing rule in the arbitration process.

However, Tata Power said it will appeal the judgment before the Singapore Court of Appeal within the prescribed 28-day period, providing a potential next step in the litigation.

A total of 1,38,53,073 equity shares, representing an 8.38% stake, were offloaded by General Atlantic in Mumbai-based Rubicon Research, as per the block deal data on the BSE and National Stock Exchange (NSE).

General Atlantic Singapore RR Pte Ltd, an affiliate of the US-based global investment firm, sold a total of 1,30,09,701 equity shares in nine tranches, amounting to a 7.86% stake in Rubicon, as per data on the BSE.

According to the NSE data, General Atlantic Singapore RR Pte Ltd disposed of 8,43,372 shares, amounting to a 0.51% stake in the pharma company.

The shares changed hands at an average price of ₹1,660 per share on the exchanges, bringing the total transaction value to ₹2,299.61 crore.

The sell-off reduced General Atlantic Singapore RR Pte's holding in Rubicon Research to 27.45% from 35.83% following the transaction.

The combined shareholding of promoters and promoter group entities also fell to 51.38% from 59.76%.

While General Atlantic was on the selling side, the shares found buyers among a mix of domestic and foreign institutional investors.

US-based Capital Group, through its affiliate American Funds Insurance Series Global Growth and Income Fund, sold 67,64,623 equity shares, representing a 1.04% stake in Mumbai-based Avenue Supermarts, as per bulk deal data on the BSE.

The shares were offloaded at an average price of ₹3,750.58 apiece, taking the deal size to ₹2,537.12 crore.

Details of Avenue Supermarts' share buyers could not be ascertained from the bourse.

The stake sale will be done by Prudential Corporation Holdings Ltd, a subsidiary of Prudential, through an open market sale process, Prudential Plc said in a statement.

The sale is intended to support the ICICI Prudential Asset Management Company Ltd as it progresses towards meeting India's minimum public float requirement of 15% within five years of its initial public offering on December 19, 2025, it said.

The sale is expected to be executed on August 27, 2026.

The country's largest lender had surpassed a ₹9 lakh crore home loan portfolio during the last financial year.

"We should be reaching the 10 trillion mark, hopefully in this quarter itself," Setty told PTI in an interview.

SBI has a market share of nearly 28% in the home loan segment, he said, adding that the bank has focused on making home loans accessible across the country.

The lender has more than 460 home loan processing centres across India, increasing accessibility of its housing finance products.