STOCKS IN FOCUS (18th Aug 2026)

STOCKS IN NEWS

• Nelco: Nelco has announced a strategic partnership with US-based Lunar Holdco, Inc., which operates as Elveo Mobile, along with an investment of $20 million in the company.
• IIFL Finance: Fitch Ratings has upgraded IIFL Finance’s long-term issuer default rating by one notch to ‘BB-’ from ‘B+’, citing an improvement in its credit profile and asset quality. Fitch has maintained a stable outlook on the NBFC.
• Swiggy: The food delivery platform has launched its AI assistant ‘Guru’ for restaurant partners. The tool will help restaurants track payouts and monitor campaign performance across more than 720 cities and 2.7 lakh restaurants.
• SpiceJet: The NCLT has deferred orders in eight insolvency petitions against SpiceJet after the airline and one of its aircraft lessors informed the tribunal that they had reached a settlement shortly before the orders were scheduled to be pronounced.
• Jio Financial Services: JioBlackRock Asset Management, a joint venture between Jio Financial Services and BlackRock, will offer regular plans for eligible mutual fund schemes, enabling investors to purchase them through registered distributors.
• Greaves Cotton: The company has acquired the remaining 20% stake in Excel Controlinkage through the secondary route, taking its total shareholding to 100%. Excel Controlinkage has consequently become a wholly owned subsidiary of Greaves Cotton.
• L&T: The infrastructure major has secured an ultra-mega order in the Middle East for the development of multiple offshore facilities. L&T classifies orders valued at more than ₹15,000 crore as ‘ultra-mega’.
• Netweb Technologies: The company has provided an update on its QIP, stating that its board has approved a floor price of ₹4,885.90 per equity share for the issue.
• BSE: BSE Ltd and the PHD Chamber of Commerce and Industry have entered into a partnership to promote equity financing and enhance capital-market access for MSMEs across India.
• BEML: The company has received a $6.65-million order from Mauritius for the supply of BE220G Hydraulic Excavators, which will be deployed across key African markets, including Liberia, Sierra Leone, Ghana, the Democratic Republic of Congo, Côte d’Ivoire and neighbouring countries.
• Manipal Health Enterprises: The company has signed a Business Transfer Agreement with Kindorama Healthcare to acquire the entire business operations and assets of Kinder Hospital in Doddanekundi Industrial Area, Bengaluru, for ₹130 crore.
• Highway Infrastructure: The company has received a Letter of Acceptance (LoA) worth ₹80.17 crore from the National Highways Authority of India (NHAI) for operations at Palayam Fee Plaza in Tamil Nadu.

BULK DEALS

• Embassy Office Parks REIT: US-based private investment firm Bain Capital, through its affiliate APAC Company XXIII Limited, sold 2.67 crore units at ₹435.05 per unit and another 2.67 crore units at ₹435.01 per unit. The combined transaction represented a 5.63% stake valued at ₹2,325.28 crore.
• Baazar Style Retail: Cupid-promoter Aditya Kumar Halwasiya acquired 45 lakh shares, representing a 5.91% stake, in Baazar Style Retail for ₹162.9 crore at ₹362 per share from the company’s promoters.
• LEAP India: The Government of Singapore acquired 22.15 lakh shares, representing a 0.5% stake, in LEAP India for ₹34.39 crore at ₹155.28 per share.
• Kesar India: Minerva Ventures Fund acquired 11.78 lakh shares, representing a 3.76% stake, in Nagpur-based real estate developer Kesar India from Forbes EMF for ₹149.01 crore. The shares were purchased at ₹1,265 per share.
• VISA Chrome: Assets Care and Reconstruction Enterprise sold 78.93 lakh shares in VISA Chrome for ₹30 crore, while Maha Investment Fund PCC – Onyx Strategy acquired 78.94 lakh shares for approximately ₹30 crore at ₹38 per share.

Source: Moneycontrol, Business Standard

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