TCS, Hindustan Copper, PVR Inox among buzzing stocks as SENSEX drops 200 pts; NIFTY trades below 24,150

The Indian benchmark indices, SENSEX and NIFTY50, were trading in negative territory during the afternoon session on Tuesday, August 29, amid a sell-off in information technology (IT) stocks and latest escalations in the Middle East.

The SENSEX slumped as much as 0.3% to hit an intraday low of 77,125.91. Meanwhile, the NIFTY50 slipped as much as 0.4% to touch the session’s low of 24,115.45.

At 12:36 PM, the S&P BSE SENSEX fell by 201.32 points, or 0.26%, to trade at 77,167.79, while NSE’s NIFTY50 stood at 24,130.95, marking an 88.10-point, or 0.36% decline.

Buzzing stocks on August 25: Check list

Fertiliser shares were witnessing strong buying interest on Tuesday, August 25, in an otherwise subdued session, with Fertilizers and Chemicals Travancore (FACT) surging as much as 15% to hit an intraday high of ₹898. Paradeep Phosphates climbed 6%, Rashtriya Chemicals and Fertilisers advanced 7%, National Fertilisers jumped 4%, Madras Fertilisers advanced 7%, and Zuari Agro Chemicals gained 2%.

Fertiliser shares came under buying interest after Russia assured India of uninterrupted supply of energy and fertilisers amid disruption caused by the West Asia crisis, as External Affairs Minister S Jaishankar met President Vladimir Putin in Moscow and held talks with his key interlocutors.

IIFL Finance share price declined more than 7% during the morning market hours on the National Stock Exchange (NSE) on Tuesday, August 25, as investors focused on the company receiving a ₹963 crore income tax demand notice from the Assistant Commissioner of Income Tax, Mumbai, after a search and seizure action.

From overriding commissions, deductions claimed, ESPO expenses, to interest strip assets, the company received the income tax notice from the authorities demanding funds on these grounds.

However, the company believes that it has substantial factual and legal grounds, based on which it seeks to contest the tax notice which was received on Monday evening, August 24, 2026.

After a block assessment for the period between April 1, 2018 and February 3, 2025, resulting from the search and seizure action carried out on IIFL Finance and its subsidiaries, the tax department imposed a ₹963.39 crore income tax demand on the company’s leading subsidiary.

The stock of Tata Consultancy Services (TCS) declined around 1% in the morning market hours on Tuesday, August 25, as investors analyse the impact of the IT services major looking to acquire a 100% stake in Porsche AG’s subsidiary.

In an exchange filing on Monday, August 24, TCS’s board of directors approved the acquisition of a full stake in MHP Management—und IT—Beratung GmbH, a subsidiary of Porsche AG, for an enterprise value of €320 million.

As the acquisition aims to anchor a long-term artificial intelligence (AI) transformation deal, Porsche has signed a five-year strategic deal with MHP and TCS amounting to €1.25 billion.

However, the proposed partnership and acquisition remain subject to regulatory approvals. The transaction requires approval from the European Commission under the EU Merger Regulation and the EU Foreign Subsidies Regulation.

Hindustan Copper shares declined more than 6% after the opening bell on August 25, as investors focused on the central government’s stake sale move.

Government of India, which owns a majority stake in the copper mining company, is now looking to sell up to 6% of its holdings through an offer for sale (OFS) at a floor price of ₹514 per share, according to the latest exchange filing.

The initial stake sale OFS deal is for 3% or 2,90,10,721 shares of the company, with an additional option to sell another 3% stake in the company on the market.

The stock of infrastructure developer Ceigall India surged as much as 5.14% to hit an intraday high of ₹338.70 per equity share on the NSE, as it bagged an order worth ₹704.70 crore from the Ministry of Road Transport & Highways (MoRTH) in Arunachal Pradesh.

According to a regulatory filing, the company said that it received a letter of award (LoA) from MoRTH for the construction of a key section of the Lada-Sarli section of NH-913 (Frontier Highway) in Arunachal Pradesh.

The project will be executed jointly with Sushee Infra & Mining Limited (SIML), with Ceigall India holding a 74% share and SIML holding a 26% share in the joint venture.

Shares of PVR INOX rallied as much as 4.27% to hit a 52-week high of ₹1,284.50 apiece, before falling in the red on the NSE, after the company said its board will consider a share buyback proposal on August 31.

The filing said, "we wish to inform you that a meeting of the Board of Directors of the Company (“Board”) is scheduled to be held on Monday, August 31, 2026, inter alia, to consider and approve a proposal for buyback of the equity shares of the Company, having a face value of INR 10/- (Indian Rupees Ten only) each, and matters incidental and ancillary thereto."

The outcome of the Board meeting will be communicated to the stock exchanges soon after conclusion of the Board meeting on August 31, 2026, in accordance with the applicable provisions of the SEBI Listing Regulations.

The stock of Sigma Advanced Systems was locked in the 5% upper circuit limit at ₹692.70 apiece on the NSE on Tuesday, August 25, as the company has secured a further long-term contract with Rolls-Royce through its recently acquired UK subsidiary, Bromford Precision Solutions, based in Leicester.

The company said the deal demonstrates the immediate strategic value of the acquisition and the expansion of the Group's long-term relationship with one of the world's leading aerospace OEMs.

Sigma Advanced Systems said that, valued at nearly £125m (approximately ₹1,600 crore), the agreement builds directly on the recently secured ~£300m (approximately ₹3,800 crore) Rolls-Royce long-term agreement, broadening the Group's product offering, manufacturing capability and content across critical aerospace programmes.

Afcons Infrastructure shares climbed as much as 4.4% to hit an intraday high of ₹290.90 apiece on the NSE, as it received an arbitral award of ₹335.50 crore in arbitral proceedings against Uttar Pradesh Expressways Industrial Development Authority (UPEIDA).

According to a regulatory filing, the company received the arbitral award in its favour on August 24, 2026.

In the proceedings between Afcons and UPEIDA, the Arbitral Tribunal passed the arbitral award in favour of the former, awarding it a principal amount of ₹152.25 crore.

The Tribunal also awarded Afcons pre-award and pendente lite interest, calculated at the SBI base rate with quarterly rests from May 1, 2019 to August 24, 2026, of ₹183.23 crore, which took the aggregate total award to ₹335.50 crore.

Great Eastern Shipping Co. shares surged more than 3% on Tuesday, August 25, as investors reacted to the company’s board of directors announcing their plans to consider a share repurchase or buyback programme in the upcoming meeting later this week.

As per the NSE filings, Great Eastern Shipping Co. (GE Shipping) has scheduled a board meeting later this week on Thursday, August 27, to consider the company’s buyback programme.

“The board of directors of the company, at their meeting scheduled on Thursday, August 27, 2026, shall consider a proposal to buyback the fully paid-up equity shares of the Company in accordance with SEBI regulations,” the company informed the exchanges.

The stock of film and television production company Sunshine Pictures Ltd made a decent debut on the stock exchanges on Tuesday, August 25. It started trading at ₹395.90 per share on the NSE, reflecting a premium of 9.97% over the IPO issue price of ₹360 per equity share. On the BSE, it listed at ₹394 per share, up 9.44% from the issue price.

A lot consisted of 41 shares and cost ₹14,760. Investors who received Sunshine Pictures IPO allotment made ₹1,471.9 per lot, taking the value of their investment to ₹16,231.9, as per the listing price on the NSE.

The ₹282.14 crore initial public offering was a combination of fresh issuance of shares totalling ₹172.80 crore and an offer for sale (OFS) component of ₹109.34 crore by promoters Shefali Vipul Shah and Vipul Amrutlal Shah.

Shares of Mumbai-based jewellery wholesaler Shankesh Jewellers listed at ₹103.30 per unit on the NSE. This reflects a premium of 11.08% over the IPO issue price of ₹93 per share. On the BSE, the stock started trading at ₹102.20 per equity share, up 9.89% from the issue price.

A lot consisted of 160 shares and cost ₹14,880. Investors who received Sunshine Pictures IPO allotment made ₹1,648 per lot, taking the value of their investment to ₹16,528, as per the listing price on the NSE.

The ₹367.18 crore IPO comprised a fresh issue of up to 2.95 crore equity shares valued at ₹274.18 crore and an offer for sale (OFS) of up to 1 crore equity shares totalling ₹93 crore by promoters Kantilal Kheemraj Jain and Manoj Kantilal Jain.