Stocks to Watch August 28: Ather, Wipro, Dixon & More

 

Stocks to Watch on August 28: Ather Energy, Wipro, Hero MotoCorp, Lenskart, Dixon Tech and Foseco India in Focus

Several stocks are likely to remain in focus on Friday, August 28, 2026, following a series of corporate developments ranging from strategic investments and AI partnerships to block deals and potential changes in GST on mobile phones.

The key names on investors’ radar include Ather Energy, Hero MotoCorp, Wipro, Lenskart Solutions, Dixon Technologies and Foseco India. At the broader-market level, the setup is cautious: GIFT Nifty futures were indicating a weaker opening, while Asian markets were mixed ahead of Federal Reserve Chair Kevin Warsh’s Jackson Hole speech.

Here is what investors need to know about these stocks and why the developments matter.

Ather Energy and Hero MotoCorp: ₹1,758 Crore Investment

Hero MotoCorp is one of the biggest stocks to watch after approving the purchase of additional shares in electric two-wheeler maker Ather Energy for up to ₹1,758 crore.

The transaction is expected to increase Hero MotoCorp’s stake in Ather to approximately 32.8% on a fully diluted basis, from 29.88% currently. The acquisition will be funded in cash and is expected to be completed by September 3, 2026.

The move gives Hero MotoCorp greater exposure to India's rapidly developing electric two-wheeler market.

Ather's business has also been expanding. The company reported turnover of ₹3,671.76 crore in FY26, compared with ₹2,255 crore in FY25.

For Hero MotoCorp investors, the transaction has two sides. On the positive side, a larger stake gives the traditional two-wheeler major greater participation in Ather's growth. On the other, electric mobility remains a competitive market where scale, pricing, battery technology, distribution and profitability will determine long-term returns.

For Ather, the increased commitment from Hero provides an important strategic shareholder and reinforces the relationship between the two companies.

Wipro: Google Cloud Partnership Expands

Wipro is in focus after announcing an expansion of its partnership with Google Cloud to accelerate enterprise adoption of Gemini Enterprise and agentic AI.

Wipro also plans to expand its internal deployment of Gemini Enterprise and equip more than 10,000 AI-certified specialists, including 1,500 Forward Deployed Engineers, with advanced AI capabilities.

The development comes as global IT-services companies compete to turn artificial intelligence from an experimental technology into commercially deployable enterprise solutions.

For Wipro, the important factor is not simply the partnership announcement but whether AI adoption eventually contributes to larger contracts, improved employee productivity and stronger margins.

Investors should therefore monitor future deal wins, revenue growth in AI-related services and management commentary around client spending.

The broader backdrop is supportive for technology stocks after Nvidia's strong earnings helped push the Nasdaq higher overnight. The Nasdaq gained about 1.6%, while the S&P 500 rose 0.7%.

Lenskart: ₹1,313 Crore Block Deal in Focus

Lenskart Solutions is another important stock to watch after investor Alpha Wave Ventures II was reported to be looking to sell up to 2.08 crore shares through a block deal.

The proposed transaction is worth as much as ₹1,313 crore, with a floor price of ₹630 per share. That represented a discount of about 1.7% to Lenskart's previous closing price. The stake being offered represents approximately 1.2% of the company's existing equity.

This is a secondary sale, meaning the proceeds go to the selling shareholder rather than Lenskart itself.

That distinction matters. A block deal can create short-term supply pressure on a stock without necessarily changing the underlying fundamentals of the company.

For traders, the immediate focus will be how the market absorbs the additional shares. For longer-term investors, Lenskart's operating growth and profitability remain more important than the identity of one shareholder selling part of its holding.

Dixon Technologies: Possible GST Cut on Mobile Phones

Dixon Technologies is in focus amid reports that the GST Council may consider reducing the 18% GST rate on mobile phones.

The proposal is aimed at supporting handset demand and preventing taxation from becoming a drag on India's electronics manufacturing ambitions. The issue is expected to be discussed at a GST Council meeting likely to be held next month, according to market reports.

Importantly, this is a proposal under consideration, not an announced GST reduction. Investors should therefore avoid treating the potential change as a confirmed policy decision.

If the GST rate is eventually reduced, lower consumer prices could potentially support smartphone demand. That could be beneficial for electronics manufacturers and contract manufacturers such as Dixon Technologies.

However, the actual impact would depend on the final tax structure, how much of the benefit reaches consumers and whether higher volumes translate into improved profitability.

Other electronics manufacturing companies, including Amber Enterprises India and Syrma SGS Technology, could also attract attention if the proposal progresses.

Foseco India: Promoter Stake Sale Worth ₹678 Crore

Foseco India is in focus after UK-based Morgan Advanced Materials exited the company by selling its entire 15.26% stake.

Through its affiliates Morganite Crucible and Morgan Terrassen BV, the group sold a total of 11,50,800 shares for approximately ₹678.62 crore, at an average price of ₹5,897 per share.

The transaction is particularly notable because several institutional investors stepped in to purchase the shares. Buyers included mutual funds managed by LIC, Motilal Oswal, Invesco, SBI, Mahindra Manulife and Mirae Asset, among others.

That institutional participation could help investors distinguish between a shareholder exit and a deterioration in the company's operating fundamentals.

Foseco India has also recently reported strong financial performance. Its latest quarterly data showed revenue of ₹201.88 crore, up 35.94% year on year, while operating profit increased 51.45% year on year to ₹41.33 crore.

Still, the large shareholder transaction could create volatility in the near term, particularly because the stock had already risen sharply in recent sessions.

Why These Stocks Matter Today

The six stocks have very different catalysts:

Stock	Key Development	What Investors Should Watch
Ather Energy	Hero MotoCorp increasing stake	EV growth and profitability
Hero MotoCorp	Up to ₹1,758 crore Ather investment	Strategic EV exposure and cash deployment
Wipro	Expanded Google Cloud AI partnership	AI contracts, revenue and margins
Lenskart	Up to ₹1,313 crore block deal	Share-supply pressure and demand
Dixon Technologies	Possible mobile-phone GST cut	Smartphone demand and policy outcome
Foseco India	Morgan Advanced Materials exits with 15.26% stake	Institutional buying and post-deal volatility

The nature of the catalysts is important. Ather and Hero MotoCorp involve a strategic investment, Wipro's announcement is focused on technology and AI, Lenskart and Foseco involve large shareholder transactions, while Dixon's trigger is based on a possible future policy change.

Market Context Could Amplify Stock-Specific Moves

These corporate developments are arriving against a cautious market backdrop.

GIFT Nifty futures were indicating that the Nifty 50 could open around 32 points lower on Friday. Asian markets were mixed, with Japan's Nikkei gaining while South Korea's Kospi declined. Investors are also awaiting the Federal Reserve Chair's Jackson Hole speech for clues about US interest rates.

Overnight, US technology stocks had performed strongly following Nvidia's earnings outlook. That could provide some support to Wipro and other technology-linked names, although domestic market sentiment remains important.

Crude oil was also slightly lower, with Brent around $89.45 a barrel and WTI near $83.31 in early trading.

This combination of mixed global signals and company-specific developments means individual stocks could move independently of the broader indices.

What Investors Should Watch

For Friday's session, investors should focus on price reaction as well as the underlying news.

For Hero MotoCorp and Ather Energy, the key issue is whether increased ownership can translate into stronger long-term EV economics.

For Wipro, the market will eventually want evidence that its expanding AI capabilities are translating into commercial growth.

For Lenskart, the immediate focus is the block deal and whether the stock can absorb the additional supply without sustained selling pressure.

For Dixon Technologies, investors should remember that a possible GST reduction is not yet a confirmed policy change.

For Foseco India, the large promoter-related exit and simultaneous institutional participation could make trading volumes and price discovery particularly important.

Investor Takeaway

The stocks to watch on August 28 are being driven by very different developments. Hero MotoCorp is deepening its exposure to Ather Energy, Wipro is expanding its Google Cloud AI relationship, Lenskart faces a sizeable secondary share sale, Dixon Technologies could benefit if mobile-phone GST is eventually reduced, and Foseco India has seen a major shareholder exit backed by institutional buying.

For investors, the most important distinction is between confirmed developments and potential outcomes. The Hero-Ather investment and Foseco stake sale are concrete transactions, while the GST reduction for mobile phones remains a proposal that still needs to go through the policy process.

The next few trading sessions should reveal which of these developments have a lasting effect on valuations and which generate only short-term volatility.

This article is for informational and educational purposes only and should not be considered investment advice.

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