Stocks That Are Likely To Be In Focus Today: Top 10 Stocks To Watch On August 21

Major stocks like Titan Company Ltd, GMM Pfaudler, Stovec Industries, Jio Financial Services, and DLF, among others are likely to remain in focus today: Check the top 10 stocks below that are likely to witness some action on August 21:

1. Titan Company Ltd: Titan Company Limited on August 19 declared raising stake in its subsidiary, CaratLane to 98.28% by acquiring an additional 27.18% stake for Rs 4,621 crore. According to the BSE filing of Titan Company dated August 19, 2023, "With reference to the captioned subject, this is to inform that Titan Company Limited (the Company) has entered into a Share Purchase Agreement today to acquire the entire 91,90,327 equity shares held by the Founder of CaratLane Trading Private Limited (CaratLane) and his family members representing 27.18% of the total paid-up equity share capital of CaratLane on a fully diluted basis."

CaratLane is a subsidiary of the Company and on completion of the aforesaid share purchase, would result in an increase in shareholding of the Company in CaratLane from 71.09% to 98.28% on a fully diluted basis.

Titan Company expects the acquisition to be completed by October 31, 2023.

2. Jio Financial Services: Shares of billionaire businessman Mukesh Ambani's Jio Financial Services (JFSL) will be listing tomorrow on both NSE and BSE. Before the listing, JFSL's shares were reportedly trading at approximately Rs 300 per share in the grey market, higher then pre-listing price of Rs 261.85 apiece.

3. Stovec Industries Set To Trade Ex-Dividend On Monday: Shares of Stovec Industries will trade ex-dividend on August 21, 2023 for Rs 157 per equity share of Rs 10/- each. The small company declared one-time special dividend of Rs 157 per equity share i.e. 1570% for the FY 2023.

4. GMM Pfaudler Ltd: Pfaudler Inc has sold 13.6% equity stake in GMM Pfaudler Ltd ('Company') through bulk deals on Friday. 9.9% equity stake of the Company has been purchased by funds affiliated with ChrysCapital, a leading Indiafocussed investment firm with US$5.0 Bn in AUM. 3.7% equity stake of the Company has been purchased by other investors.

5. Adani Energy Solutions: Adani Group company Adani Energy Solutions, previously known as Adani Transmission Ltd, has ruled out reports that suggested Abu Dhabi's TAQA may invest up to $2.5 billion in the conglomerate's power units. The company issued a BSE filing regarding the same.

6. DLF: The Company ('DLF Limited/ DLF') owned a minority 37.50% equity in Joyous Housing Limited ('Joyous'), comprising of 37,500 equity shares of Rs 100 each. The company was not in operational control of Joyous. Joyous had taken a loan facility from a Housing Finance Company ('Lender') which was partially secured by the pledge of Joyous's shares by the three existing shareholders including DLF. Due to a variety of reasons including operational delays, Joyous had some delays in the servicing of the loan. While DLF has been in active conversation with the Lender to resolve the issue and had also submitted an Expression of Interest ('EOI') in that regard, we have been notified that the shares had been invoked by the Lender. Subsequent to this development, we are confident that the existing Investment/ Loans that DLF has in Joyous are fully recoverable. We will take all necessary steps to ensure that our financial interests are fully protected.

7. Lemon Tree Hotels Ltd: The company launched its sixth property in Gujarat, as per its BSE filing. According to the BSE filing, "We are pleased to inform the opening of hotel in Rajkot, Gujarat under the Company's brand 'Lemon Tree Hotel'.

8. Mahindra & Mahindra: The large cap auto company will inspect and rectify over 1 lakh XUVs for potential wiring issues.

9. CreditAccess Grameen Ltd: In accordance with SEBI (LODR) Regulations, 2015, a Meeting of Executive Borrowing & Investment Committee held on August 18, wherein the Committee has inter-alia considered and approved Public Issue of secured, rated, listed redeemable non-convertible debentures of face value of Rs. 1000 each, for an amount of Rs. 400 crore (Base size issue) with a Green Shoe option of up to Rs. 600 crore, amounting to Rs. 1000 crore (Tranche II Limit) which is within the shelf limit of Rs. 1500 crore. Further details are enclosed.

10. Navin Fluorine International Limited: Rajendra Sahu, President - Operations of CDMO Business, has been promoted to CEO Designate of CDMO Business w.e.f. today i.e. August 18, 2023 and will take over as CEO of CDMO Business w.e.f. October 1, 2023.