Latest Stock Market News

Classic Electrodes, a welding consumables manufacturer based in Kolkata, is launching its IPO on August 22, aiming to raise ₹41.51 crore through a fresh issue of shares. The company intends to use the IPO proceeds for purchasing new machinery, repaying debt, and meeting working capital needs. Ahead of the IPO, Classic Electrodes raised ₹11.69 crore from anchor investors.

Investors have a final opportunity today to buy shares of Aaron Industries and Kretto Syscon to qualify for bonus shares next week. Aaron Industries announced a 1:1 bonus issue, while Kretto Syscon declared a 2:25 bonus. Purchases must be made today due to the T+1 settlement cycle to be eligible for the August 25 record date.

Brokerages remain bullish on select stocks across the power, retail, technology, and defence sectors, highlighting strong growth potential and attractive upside.

Vedanta announced a second interim dividend of Rs 16 per share for FY26, totaling Rs 6,256 crore, with a record date of August 27, 2025. This follows a previous dividend of Rs 7 per share. Despite rewarding shareholders with a high dividend yield, Vedanta faces regulatory hurdles.

Apollo Hospitals promoters are reportedly planning to sell a stake worth ₹1,395 crore through a block deal, potentially impacting the stock s performance. The floor price is expected to be ₹7,747 per share, a 2% discount from Thursday s closing. Suneetha Reddy may sell up to 1.25% equity.

Wipro is set to acquire Harman s Digital Transformation Solutions (DTS) for $375 million, enhancing its Engineering Research & Development services. The deal brings over 5,600 DTS employees across the Americas, Europe, and Asia to Wipro. DTS, with a strong presence in multiple countries and diverse sectors, reported a revenue of $314.5 million in CY24.

Kotak Alternate Asset Managers believes the market is poised for growth. A good festive season and positive monsoon reports are expected. Rural demand is picking up, and the government is initiating reforms. RBI rate cuts are anticipated, mirroring potential US Federal Reserve actions. While FMCG faces margin concerns, consumer discretionary sectors like hotels and premium autos show promise.

As of August 21, there was a notable surge in futures open interest (OI) for eight stocks in the NSE F&O segment, contributing to a total OI increase of over 9% compared with the previous trade.

HAL remains a top pick despite stretched valuations, fueled by massive order book growth and strong CAGR potential over the next seven to eight years. Bharat Electronics and smaller private players like Data Patterns, Paras, and Astra Microwave are also poised for substantial profit growth due to their capabilities in defense electronics and promising order outlooks.