Stocks to Watch Tomorrow
Join Us
Follow Us
From a Rs 900 crore buyback to a fresh Rs 8.25 crore order and a Rs 535.69 crore data centre acquisition, these three stocks could draw investor attention on Friday.
✨ Key Takeaways
Indian equity benchmarks ended lower on Thursday, August 27, as selling in heavyweight stocks, particularly HDFC Bank, dragged the indices lower despite gains across broader Asian markets.
The Nifty 50 closed at 24,090.85, down 116.90 points, or 0.48 per cent. Market sentiment remained cautious amid volatility in crude oil prices and renewed geopolitical concerns.
Brent crude oil traded around USD 88 per barrel as markets assessed improving supply prospects against risks linked to tensions in the Middle East. Hopes of lower shipping disruptions through the Strait of Hormuz offered some relief after Iran and Oman discussed a potential revenue-sharing arrangement, although uncertainty remains over the reopening of the key shipping route.
Against this backdrop, here are the stocks that could remain in focus during Friday's trading session.
1. Great Eastern Shipping Company Ltd
Great Eastern Shipping Company Ltd’s Board of Directors approved a share buyback proposal on August 27, 2026.
The company will buy back fully paid-up equity shares through the open market route using the stock exchange mechanism. The buyback price will not exceed Rs 1,530 per share.
The company has set a maximum buyback size of Rs 900 crore. The proposal is subject to applicable regulatory and statutory requirements.
Winsol Engineers Ltd has received a letter of intent from Gujarat Energy Transmission Corporation Ltd (GETCO), Vadodara, for work related to the laying, erection, testing and commissioning of 66kV XLPE cables for various lines in the Rajkot Zone.
The order covers 1CX300 sq mm and 1CX630 sq mm XLPE cables, including Poly AL and aluminium corrugated cables. The project is scheduled to be executed over a period of two years.
The aggregate order value stands at Rs 8.25 crore, excluding GST.
Adani Enterprises Ltd could also remain in focus after AdaniConneX Private Ltd (ACX), a joint venture of the company, acquired a 100 per cent equity stake in Chandenvalle Infra Park Ltd from Adani Power Ltd.
The acquisition was completed for a purchase consideration of Rs 535.69 crore. According to the company, the acquisition is aimed at developing data centre infrastructure facilities through AdaniConneX.
Disclaimer: The article is for informational purposes only and not investment advice.