Top Stocks to Watch Today, August 22: Hindalco, HUL, IDBI Bank, Wipro, Vedanta in Focus
August 22: Indian equities are likely to open on a cautious note today, tracking mixed global cues, with investors closely watching U.S. Fed Chair Jerome Powell’s Jackson Hole speech for market direction. While Nifty support is seen at 24,850–25,000, a move above 25,150 could trigger fresh upside.
Here are the stocks likely to see action today:
Hindalco Industries: Mega Capex Push
Hindalco has unveiled a $10 billion investment plan for FY25–FY30 across aluminium, copper, and speciality alumina businesses globally. Of this, projects worth ₹18,000 crore have already commenced in India, marking the company’s highest annual capital expenditure in nearly a decade.
Also Read :- India’s Bold GST Tax Cut Plan: Revving Up Auto Demand in 2025
Hindustan Unilever: Leadership Shuffle
Consumer giant HUL will see a major leadership change. Niranjan Gupta has been named CFO-designate effective September 1, and will formally take charge on November 1. Current CFO Ritesh Tiwari will move to Unilever’s London headquarters as Global Head of M&A and Treasury.
IDBI Bank: Divestment Nears Completion
The government’s much-awaited stake sale in IDBI Bank is in its final stages, with interested parties completing due diligence. Market watchers expect the core part of the divestment deal to be wrapped up by the end of 2025, making the lender a key stock for value unlocking.
Also Read :- Ola Electric Shares Jump 23% in 3 Sessions; GST Cut Buzz Lifts Auto Sector
Texmaco Rail & Engineering: New Orders Rolling In
Texmaco Rail bagged an ₹103.16 crore order from Leap Grain Rail Logistics for wagons and brake vans, with deliveries due in 10 months. The company had earlier secured a major international wagon contract, strengthening its order book momentum.
Paras Defence: Defence Play Strengthens
Paras Defence has received a ₹45.32 crore order from Bharat Electronics (BEL) for advanced signal and multi-sensor fusion systems, bolstering its pipeline in India’s defence electronics space.
Goldiam International: Retail Expansion Ahead
Jewellery maker Goldiam International raised ₹202 crore via QIP to fund the expansion of its lab-grown diamond brand ORIGEM. The company plans to launch 70–90 retail outlets in the next 18–24 months.
Wipro: Strategic Acquisition
IT services firm Wipro announced the acquisition of Harman’s Digital Transformation Solutions unit, aimed at enhancing its engineering and next-generation technology capabilities.
Apollo Hospitals: Block Deal Buzz
Shares of Apollo Hospitals may see action as promoter Suneetha Reddy is likely to offload up to 1.25% stake via a block deal worth ₹1,395 crore, at a floor price of ₹7,747 per share.
Vedanta: Dividend Bonanza
Mining giant Vedanta has approved a second interim dividend of ₹16 per share for FY26, amounting to a total payout of ₹6,256 crore. The record date is August 27.
Market Outlook
Market experts expect a muted start for Sensex and Nifty, with focus on global cues. Pharma, oil & gas, and banking stocks supported gains in the previous session, while midcaps and smallcaps saw pressure. Both FIIs and DIIs remained net buyers yesterday, offering some support to domestic equities.
Other stocks in focus include NTPC Green, Titagarh Rail, GHV Infra Projects, R Systems International, Coal India, Hikal (hit by USFDA warning), and Enviro Infra.
Bottom line: A cautious opening is likely, but event-driven stocks such as Hindalco, HUL, IDBI Bank, Wipro, and Vedanta are set to be in the spotlight through the day.
