Stocks to Watch: UltraTech Cement, AU Small Finance Bank, Vedanta, Medi Assist, Paytm and others

Here's a quick look at the stocks that are likely to be in focus in today's trading.

Bondada Engineering, Bondada Engineering has bagged an important project worth Rs. 20 Lakhs. ₹ 575.74 crore. The project was awarded by Lumina Clean Energy, Purelight Energy and VVKR Photovoltaics Energy, special purpose vehicles set up by Paradigm IT Technologies and Metalcraft Forming Industries.

UltraTech Cement, UltraTech Cement has successfully raised $500 million through a sustainability-linked debt from a partnership of six banks, underlining its commitment to sustainable practices.

AU Small Finance Bank, DSP Mutual Fund bought 1.39 per cent stake in AU Small Finance Bank for an average price of Rs 1.50 lakh. ₹630 per share, while Fincare Business Services sold 1.7 per cent stake at the same price.

Vedanta, Vedanta under the leadership of Anil Agarwal The fund has been raised to the tune of Rs 30,000 crore through qualified institutional placement (QIP), offer for sale (OFS) and dividend. The fund is for deleveraging, capital structure improvement and growth opportunities. In the first quarter, Vedanta's profit after tax grew 54 per cent year-on-year to Rs 1,200 crore. 5,095 crore. The company also achieved the highest ever alumina production at Lanjigarh and reduced production costs by 20 per cent year-on-year. As of June 30, Vedanta's debt stood at 5,095 crore. Rs 6,130 crore

Medi Assist Healthcare Services, MediAssist Healthcare's subsidiary, MediAssist Insurance TPA, has signed definitive agreements to acquire 100 per cent of Paramount Health Services & Insurance TPA from Fairfax Asia and the Shah family. The acquisition will increase MediAssist's market share to 36.6 per cent in the group segment and 23.6 per cent in the health insurance industry in terms of premium management.

MedPlus Health Services: Lavender Rose Investments has sold its entire 11.35 per cent stake in MedPlus Health Services. 616.48 per share. ICICI Prudential Mutual Fund acquired 4.3 percent stake at an average price of 616.48 per share. 616 per share, while the Singapore government bought 0.97 per cent stake ₹616.2 per share.

Alembic Pharmaceuticals, Alembic Pharmaceuticals has received USFDA approval for its generic betamethasone valerate foam, used to treat moderate to severe psoriasis of the scalp. The approval is for a therapeutically equivalent formulation of Laxiq Foam (0.12%) by Norvium Bioscience.

Paytm, Paytm has clarified recent media reports regarding the SEBI notice, saying that this is not a new development and has already been disclosed in its financial results for the quarter and year ended March 31, 2024 and the quarter ended June 30, 2024.

PI Industries, The board of directors of PI Industries has appointed Sanjay Agarwal as group chief financial officer, effective August 26. The appointment follows the retirement of former chief financial officer Manikantan Vishwanathan.

HCL Technologies, HCL Technologies has announced the expansion of its strategic partnership with Xerox, focused on AI-powered engineering services and digital process operations. HCLTech will support the newly formed Xerox Global Business Services organization in advancing key business metrics.

Repro India: Investor Ashish Kacholia sold 1.22 per cent stake in Repro India for an average price of Rs 1.50 lakh. ₹ 625 per share, while JVS Joyras Holdings acquired 0.7 per cent stake at the same price.

Lemon Tree Hotels, Lemon Tree Hotels has signed an agreement for a new property called Lemon Tree Hotel in Civil Lines, Ayodhya. The 80-room hotel is expected to open in FY28 and will be managed by its subsidiary Carnation Hotels.

UCAL: Automotive component manufacturer UCAL has signed a memorandum of understanding (MoU) with Blair Motors to collaborate on the design and development of electronic components including motor controllers ranging from 500 watts to 2 kW.

KPI Green Energy, Sun Drops Energia Pvt Ltd, a wholly-owned subsidiary of KPI Green Energy, has received letters of intent to execute solar power projects with a cumulative capacity of 13.30 MW. These orders have been placed with Sumicot, Ekta Prints Pvt, Radhika Fabrics and Sanjopina Industries.

GPT Infraprojects: GPT Infraprojects has launched its qualified institutional placement (QIP) issue on August 26, with a floor price of Rs. ₹183.83 per share.

Brightcom Group: Brightcom Group reports net loss ₹ 24.2 crore for the quarter ended December 30, 2023, with revenue declining 85 per cent year-on-year 453.2 crores. The company attributed its poor performance to various challenges, including the war in Israel, the departure of its CEO and CFO, negative media coverage following the SEBI order and concerns raised by auditors about interim financial statements and shareholding disclosures. Trading of Brightcom Group shares is still closed and the company is yet to declare results for the March and June quarters.