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Stocks to Watch, August 28: Acme Solar, textiles, gems & jewellery, IndiGo, Texmaco Rail, RVNL, Hindalco, Sri Lotus Developers
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6 min read | Updated on August 28, 2025, 08:31 IST
SUMMARY
Stocks to Watch: Shares of export-linked sectors such as shrimp, apparel, diamonds, leather and footwear, and gems and jewellery, among others, will be on investors' radar on Thursday, August 28, as the US's 50% tariffs on Indian goods came into effect on Wednesday, and it will impact exports and job creation in these labour-intensive sectors.
The GIFT NIFTY futures suggest that the NIFTY50 index will open 53 points lower. | Image: Shutterstock
Gangwal, the co-founder of IndiGo, has been selling his equity in a phased manner, following a bitter fallout with co-founder Rahul Bhatia.
The venture will manufacture freight and passenger rolling stock — including wagons, locomotives, coaches, trainsets and metro coaches — and also take up EPC projects, depot operations and global tenders, a statement said.
Texmaco, part of the Adventz Group, will hold a 49% stake, while Navratna PSU RVNL will remain the majority shareholder.
The transaction is expected to close by December 2025, subject to approvals.
Hindalco's proposal will come up for approval of the State Investment Promotion Board (SIPB) on Thursday, said a report by The Economic Times.
At its meeting, the company's board also approved the reappointment of Shashi Shekhar as vice-chairman and whole-time director on the recommendation of its nomination and remuneration committee for a period of one year from the completion of his present term, i.e., with effect from April 9, 2026.
The board cleared the proposal of "raising of funds for an aggregate amount not exceeding Rs 3,000 crore in one or more tranches, through issuance of equity shares or any other equity-linked instruments or securities, through permissible modes, including but not limited to, qualified institutional placement (QIP), further public offer (FPO), private placement and/or combination thereof, as may be considered appropriate under applicable laws, subject to such regulatory/statutory approvals".
The contract will be executed over a period of five years, the company said in a statement.
"Markolines Pavement Technologies has secured a ₹100 crore order from Trans Metalite India Ltd for patch repair works in Andhra Pradesh," the statement added.
In addition to this, the company has received multiple orders totalling nearly ₹97.47 crore in the ongoing fiscal year, including two repeat orders from Varanasi Aurangabad NH-2 Tollway Private Ltd.
Its net profit stood at ₹40.16 crore in the year-ago period.
Total income also fell to ₹68.09 crore in the April-June quarter of this fiscal year, from ₹122.46 crore logged in the corresponding period of this fiscal year, according to a regulatory filing on Tuesday.
Earlier this month, Sri Lotus Developers and Realty Ltd got listed on the stock exchanges after the successful launch of its Initial Public Offering (IPO).
The all-India average cement price reached ₹360 per 50 kg bag in May 2025, about 8% higher year-on-year after a steep decline the previous year. While regional differences persist – with eastern India seeing the sharpest increases (₹20 a bag in West Bengal) and western markets rising by a modest ₹3 – the trend across the country is clearly upward.
May is the latest all-India data available.
The report added that demand remains robust, growing 9% in May to 39.6 tonnes, underpinned by housing and government-led infrastructure. Analysts forecast 6-7% growth in FY2026 volumes to 480-485 tonnes.
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