August 24 Stocks to Watch: Reliance, Natco Pharma, M&M, ZEEL and More in Focus
Indian investors have several stocks to watch on August 24, 2026, as company-specific announcements, new business developments, fundraising activity and fresh orders are likely to influence trading sentiment.
Among the notable names are Reliance Industries, Natco Pharma, Mahindra & Mahindra, Zee Entertainment, NTPC Green Energy, Grasim Industries, Kaynes Technology, Senco Gold and Jubilant Pharmova. Two newly listed companies—Lalithaa Jewellery Mart and Horizon Industrial Parks—are also attracting attention after their debut on the exchanges today.
The broader market backdrop is also important. GIFT Nifty had indicated a positive opening, although global markets remained mixed and investors were watching developments around US-Iran tensions, crude oil and upcoming US economic events.
Here are the major stocks and the developments investors should know about.
Reliance Industries: New Chemicals and Explosives Opportunity
Reliance Industries (RIL) is one of the biggest stocks in focus after shareholders approved amendments to the company's Memorandum of Association.
The changes allow the company to undertake businesses involving ammonia, nitric acid, ammonium nitrate, explosives, blasting agents, fertilisers and agro-chemicals. The resolution was approved on August 20, although the amended clause remains subject to the required regulatory process, including approval from the Registrar of Companies.
For investors, the development is significant because it potentially expands Reliance's addressable market beyond its existing businesses.
However, the approval itself does not mean that a major new revenue stream will immediately appear in the company's financial results. Investors will need to watch for actual investments, partnerships, capacity additions and commercial operations.
Natco Pharma: US Regulatory Developments in Focus
Natco Pharma is another stock investors are watching on August 24.
The company has been included among the stocks to watch following recent business developments in its pharmaceutical operations.
For Indian pharmaceutical companies, US regulatory approvals and product launches can be important catalysts because the US market can contribute significantly to profitability.
Investors should therefore focus not only on the headline announcement but also on the potential commercial opportunity, competition, launch timing and margin implications.
Jubilant Pharmova: USFDA Approval
Jubilant Pharmova is in focus after the US Food and Drug Administration approved commercial batch manufacturing of the first product on Line 3 at Jubilant HollisterStier's contract manufacturing facility in Spokane, Washington.
The development matters because manufacturing capacity is a key part of the contract-development and manufacturing business.
The next question for investors is how quickly the facility can ramp up commercial production and whether additional products can move through the facility.
NTPC Green Energy: Renewable Energy Order
NTPC Green Energy has also entered the spotlight after its wholly owned subsidiary NTPC Renewable Energy emerged as a successful bidder in a Solar Energy Corporation of India (SECI) e-reverse auction.
The project relates to assured peak supply of 6,000 MWh, structured around renewable-energy projects capable of supplying 1,500 MW for four hours.
For investors, this is relevant because India's renewable-energy build-out increasingly requires not just generation capacity but also reliable power delivery during peak demand periods.
The key factors to watch will be project execution, financing requirements, returns and the eventual contribution to the company's order book and earnings.
Mahindra & Mahindra: Global Pickup Strategy
Mahindra & Mahindra (M&M) is in focus as the company prepares to expand its international presence with its new pickup platform.
The company has indicated plans to target markets including South Africa, Australia, the Middle East and Latin America. Its newly unveiled pickup is expected to launch in India in April 2027 and will be marketed internationally as the Mahindra Lifestyler.
The export strategy could become an important long-term growth avenue for M&M.
The investment case, however, will depend on execution: international acceptance, pricing, distribution networks and the ability to build sustainable volumes outside India.
Grasim Industries: ₹2 Lakh Crore Revenue Ambition
Grasim Industries is another company attracting attention after chairman Kumar Mangalam Birla outlined an ambitious growth trajectory.
The company is targeting consolidated revenue of around ₹2 lakh crore in FY27, compared with a reported ₹1.75 lakh crore in FY26.
Grasim has increasingly diversified beyond its traditional businesses, with exposure to areas such as building materials, financial services, digital commerce and renewable energy.
For investors, the key issue is whether these newer businesses can scale while maintaining attractive returns and healthy cash generation.
Revenue growth alone is not enough; profitability, capital allocation and free cash flow will be equally important.
Kaynes Technology: Chinese Partnership Draws Attention
Kaynes Technology is in focus after signing a strategic memorandum of understanding with Bosgame, a Shenzhen-based Chinese company.
The proposed collaboration aims to combine Bosgame's computing-product capabilities with Kaynes Technology's electronics design, engineering, manufacturing, testing and supply-chain capabilities in India.
The development comes as India continues to promote domestic electronics manufacturing and build computing and semiconductor-related capabilities.
For investors, the opportunity could be significant if the partnership develops into meaningful commercial business. But an MoU should not automatically be treated as confirmed revenue.
Actual orders, products, capacity utilisation and financial contribution will determine its long-term importance.
Senco Gold: Expansion Plans and Revenue Target
Gold jewellery company Senco Gold and Diamonds is also on the radar.
The company is targeting more than 25% revenue growth, with management expecting revenue of around ₹10,500–₹11,000 crore during the current financial year, compared with ₹8,430 crore in FY26.
Senco currently has around 190 stores and plans to add approximately 20 more during FY27, including both franchise and company-owned outlets.
The company's expansion comes against the backdrop of elevated gold prices.
Higher gold prices can increase the value of jewellery sales, but they can also affect consumer affordability and demand. Investors should therefore watch store additions, same-store sales growth, margins and working-capital requirements.
Zee Entertainment: Fundraising Developments
Zee Entertainment Enterprises (ZEEL) is another important stock in focus.
The company has allotted 20.94 crore fully convertible warrants to promoter-group entity Sunbright Mauritius Investments Ltd as part of its fundraising plan.
Such fundraising developments can influence investor sentiment because they affect the company's capital structure and potentially its future shareholding pattern.
Investors should pay attention to the conversion terms, use of funds and the broader financial position of the company rather than focusing solely on the headline size of the issue.
Two New Listings: Lalithaa Jewellery and Horizon Industrial Parks
August 24 also brought two new names to the listed market.
Lalithaa Jewellery Mart made a strong debut, listing at around ₹265.30 on the BSE, a premium of approximately 32% over its issue price.
However, the stock subsequently traded below its opening/listing level during the session, demonstrating why investors should distinguish between an IPO's listing gain and its longer-term business performance.
Horizon Industrial Parks, meanwhile, had a much more muted debut, with the shares opening close to the IPO price and trading below the issue price during the session.
These two listings provide a useful reminder that IPO performance can vary dramatically even when companies enter the market on the same day.
BSE, Bank of Baroda and Other Stocks Also Worth Watching
BSE Ltd remains on investors' radar after Prabhudas Lilladher retained a Buy rating but reduced its target price to ₹4,025 from ₹4,850, citing concerns around derivatives volumes.
Bank of Baroda also has a funding-related development. The bank plans to issue an additional $400 million of five-year senior unsecured notes, carrying a 5.318% coupon, through its IFSC Banking Unit in GIFT City.
Meanwhile, NSE's official corporate-filings page showed numerous fresh announcements and corporate actions on August 24, reinforcing why investors should verify company-specific developments directly through exchange filings before taking trading decisions.
What Should Investors Watch Today?
The important point is that “stock in focus” does not mean “stock will rise.”
A company can have positive news and still fall if the development was already priced into the stock, if broader markets weaken, or if investors focus on valuation and future earnings rather than the immediate announcement.
For August 24, investors should particularly monitor:
- Reliance's proposed entry into new chemicals and explosives businesses
- Natco Pharma and Jubilant Pharmova's US regulatory developments
- NTPC Green Energy's renewable-energy order
- M&M's international pickup strategy
- Kaynes Technology's computing partnership
- Senco Gold's store expansion and growth target
- ZEEL's fundraising and capital structure
- Trading behaviour of the newly listed Lalithaa Jewellery and Horizon Industrial Parks
- Global cues, crude oil and US-Iran developments
The Bottom Line
August 24 brings a broad mix of corporate announcements, new orders, expansion plans, regulatory developments, fundraising activity and IPO listings across Indian equities.
Reliance, Natco Pharma, M&M, NTPC Green Energy, Grasim, Kaynes Technology, Senco Gold and ZEEL are among the prominent names investors may want to keep on their radar.
But being on a stocks-to-watch list is not a recommendation to buy or sell. The next move will depend on how the market interprets each development, whether the news changes earnings expectations and how valuations compare with future growth.
For traders, price action and volume will matter. For long-term investors, the more important question is whether today's announcement strengthens the company's fundamental growth story.
Follow our blog for more daily updates on Indian stocks, IPOs, business news and market-moving developments.
This article is for informational and educational purposes only and should not be considered investment advice
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