Stocks in Focus Today: Reliance Industries, Power Grid, IREDA and More Shares to Watch on August 24

Stocks in Focus Today: August 24, 2026

Several companies are expected to remain in focus during the Indian stock market session on August 24, following important corporate announcements, regulatory developments, project-related updates and other business developments.

The broader market is expected to begin the week on a cautious-to-positive note, with Gift Nifty indicating a mildly positive opening in early trade.

In the previous session, the Nifty 50 settled at 24,252, while the Sensex closed at 77,540.83.

Apart from broader market trends, company-specific developments may influence market attention during the session.

Reliance Industries

Reliance Industries said its shareholders approved three resolutions with the required majority on August 20.

The resolutions include proposals related to material related-party transactions involving Reliance Industries and its subsidiaries.

The development may keep Reliance Industries in focus as market participants monitor further corporate updates.

NATCO Pharma

NATCO Pharma received a Form 483 from the US Food and Drug Administration following an inspection of its finished dosage formulations facility in Hyderabad.

The inspection was conducted between August 17 and August 21, 2026, and resulted in four observations.

Further updates from the company regarding the regulatory observations may remain important for market participants.

Power Grid Corporation of India

State-owned Power Grid Corporation of India has emerged as the successful bidder under the Tariff Based Competitive Bidding process.

The project is related to the development of an inter-state transmission system intended to support renewable energy projects in Gujarat.

The development highlights Power Grid's continued role in India's power transmission and renewable energy infrastructure.

JSW Infrastructure

JSW Infrastructure has entered into a share purchase agreement with JSW Terminal (Middle East) FZE and JSW Overseas FZE.

Under the agreement, JSW Infrastructure plans to acquire the entire 100% shareholding of JSW Overseas.

Further details regarding the transaction and its potential impact may remain in focus.

Kaynes Technology

Kaynes Technology India and BOSGAME have entered into a strategic memorandum of understanding.

The agreement is aimed at establishing and strengthening BOSGAME's presence in the Indian market.

The development may be monitored for additional details regarding the partnership and future business opportunities.

Apollo Micro Systems

Apollo Micro Systems said the manager to its open offer has received communication from the Securities and Exchange Board of India regarding the proposed open offer involving Premier Explosives.

The proposed open offer concerns the acquisition of up to 1.40 crore fully paid-up equity shares of Premier Explosives.

Further regulatory developments may remain important for companies and market participants connected with the proposed transaction.

Federal Bank

Federal Bank's board has approved a proposal to raise up to $500 million through the issuance of foreign currency-denominated bonds.

The proposed fundraising may support the bank's broader financial and capital requirements, subject to applicable approvals and conditions.

Further announcements regarding the fundraising process may remain in focus.

IREDA

Indian Renewable Energy Development Agency, or IREDA, has fixed September 11, 2026, as the record date for determining shareholders eligible for the proposed final dividend for FY26.

The proposed final dividend is ₹0.75 per equity share.

Market participants may monitor further updates related to the dividend process.

Diamond Power Infrastructure

Diamond Power Infrastructure has secured a letter of intent or order worth ₹52.86 crore, including GST, from Aurionpro Solutions.

The order is related to the supply of high-tension and low-tension electrical cables for a hyperscale data centre campus in Hyderabad.

The project-related development may keep the company in focus during the session.

Choksi Laboratories

Choksi Laboratories said the US FDA completed an inspection of its central laboratory in Indore, Madhya Pradesh.

The inspection was conducted between August 17 and August 20, 2026, and resulted in four observations.

Further clarification or updates from the company regarding the inspection may remain important.

Overall Market Context

Indian equity markets are beginning the new week amid continued attention on global market developments, crude oil prices, geopolitical uncertainty and institutional activity.

Gift Nifty trends indicated a mildly positive start, but market direction may continue to depend on broader global cues and domestic developments.

Company-specific announcements may also create additional attention around individual stocks during the session.

Key Companies in Focus Today

Reliance Industries: Shareholder approval for resolutions related to material related-party transactions.

NATCO Pharma: US FDA Form 483 with four observations following a Hyderabad facility inspection.

Power Grid Corporation: Successful bidder for an inter-state transmission project supporting renewable energy projects in Gujarat.

JSW Infrastructure: Agreement to acquire 100% shareholding of JSW Overseas.

Kaynes Technology: Strategic memorandum of understanding with BOSGAME.

Apollo Micro Systems: SEBI-related communication concerning the proposed open offer for Premier Explosives.

Federal Bank: Board approval to raise up to $500 million through foreign currency-denominated bonds.

IREDA: September 11, 2026, fixed as the record date for the proposed FY26 final dividend.

Diamond Power Infrastructure: Letter of intent or order worth ₹52.86 crore for electrical cable supply.

Choksi Laboratories: US FDA inspection completed with four observations.

TrendRipperX Market View

The market session may be influenced by both broader market sentiment and company-specific developments.

Market participants may continue to monitor global cues, crude oil prices, institutional activity and Gift Nifty trends for indications about overall sentiment.

At the same time, regulatory updates, fundraising announcements, project wins, corporate transactions and dividend-related developments may keep individual companies in focus.

The overall market structure may become clearer as the session progresses and investors react to fresh developments.

Key Takeaways

• Several major companies are expected to remain in focus on August 24.

• Reliance Industries announced shareholder approval for three resolutions.

• NATCO Pharma and Choksi Laboratories reported US FDA inspection-related developments.

• Power Grid emerged as the successful bidder for a renewable energy-related transmission project.

• Federal Bank approved a proposal to raise up to $500 million.

• IREDA fixed September 11, 2026, as the record date for its proposed FY26 final dividend.

• Diamond Power Infrastructure secured a ₹52.86 crore order or letter of intent.

• Corporate announcements and broader market cues may influence market attention during the session.

Disclaimer

This article is published solely for educational and informational purposes.

TrendRipperX is not registered with the Securities and Exchange Board of India (SEBI) as an Investment Adviser or Research Analyst.

The information mentioned in this article is based on publicly available company announcements and market-related information and is intended for general market awareness and educational analysis only.

This article does not constitute financial, investment, trading, legal or tax advice, and should not be interpreted as a recommendation or solicitation regarding any security or financial instrument.

Market conditions and company-specific developments can change rapidly. Readers should conduct their own research and consult a SEBI-registered financial professional before making any financial or investment-related decisions.