Stocks To Watch On Monday
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A stronger market finish on Friday set the tone, but company-specific developments could determine which stocks remain in focus when trading resumes on Monday.
✨ Key Takeaways
Indian benchmark equity indices ended higher on Friday, August 28, recovering from losses recorded in the previous two sessions. Gains were led by IT stocks following a strong performance from Nvidia and an upbeat outlook for artificial intelligence demand.
The Nifty 50 opened at 24,122.60 and climbed to an Intraday high of 24,188.30 before witnessing profit booking. The index slipped below the 24,100 mark around noon but recovered in the second half of the session as buying emerged at lower levels.
At the close, the Nifty 50 gained 84.80 points, or 0.35 per cent, to settle at 24,175.65. The Sensex advanced 330.91 points to close at 77,264.51.
Against this backdrop, the following stocks could remain in focus during Monday’s trading session.
Hero MotoCorp Ltd has completed the purchase of an additional 1,18,80,000 equity shares in Ather, an associate company, for a total consideration of approximately Rs 1,758 crore.
The company had earlier informed the stock exchanges on August 27, 2026, about the decision of the Committee of Directors of its Board to purchase additional shares in Ather.
Following the completion of the transaction, Hero MotoCorp’s shareholding in Ather has increased to approximately 32.8 per cent on a fully diluted basis.
The additional investment strengthens Hero MotoCorp’s exposure to the electric two-wheeler segment through its increased stake in Ather.
2. Cupid Ltd
Cupid Ltd’s Board of Directors accorded in-principle approval for establishing a manufacturing venture in South Africa with a local partner.
The proposed venture will involve setting up an entity in South Africa to manufacture and supply male condoms and related products. The move comes against the backdrop of increasing emphasis on domestic manufacturing, localisation and local value addition in the South African market.
Cupid Ltd has proposed to hold up to 49 per cent of the equity share capital in the venture. The company will contribute its technical and manufacturing expertise, know-how, technology-transfer support, quality-control systems and training.
The South African partner is expected to arrange the required capital expenditure, working capital and operating funding for the proposed venture.
KP Green Engineering Ltd has received fresh confirmed orders from various clients aggregating to Rs 258.02 crore, inclusive of Taxes.
The orders span multiple business segments and cover renewable energy, transmission, infrastructure and industrial applications. According to the company, the order wins reflect its execution capabilities, expanding product portfolio and growing presence in engineering, fabrication and structural solutions.
The Order Book includes Solar projects worth Rs 114.53 crore, while crash barrier orders account for Rs 92.38 crore.
Pre-Engineered Buildings (PEB) contributed Rs 33.76 crore to the total order value, followed by transmission tower orders worth Rs 15.42 crore.
Orders for poles and highmasts stood at Rs 0.97 crore, while isolator orders amounted to Rs 0.96 crore.
Disclaimer: The article is for informational purposes only and not investment advice.