Stocks to Watch Today, August 28, 2025: IndiGo, Power Grid, Oil India, BPCL, RVNL, and More
As Indian equity markets gear up for trading on Thursday, August 28, 2025, investors are keeping a close eye on a select group of prominent stocks amid a cautiously weak market opening. This follows Wednesday’s holiday and fresh concerns triggered by the United States implementing a steep 50 percent tariff from August 27, impacting export-oriented sectors sharply.
Market Overview
The benchmark Indian indices are projected to open on a subdued note, pressured by global trade tensions and export-related uncertainties. Early indications showed GIFT Nifty down by 58 points at 24,673 by 7:55 AM IST. Despite some global unease, Asia-Pacific markets exhibited resilience, with South Korea’s Kospi climbing 0.28 percent and Japan’s Nikkei 225 inching up 0.24 percent. Australia’s S&P/ASX 200 remained largely unchanged. In the United States, Wall Street witnessed modest gains as the S&P 500 reached a new record high, advancing 0.24 percent ahead of key earnings from tech giant Nvidia.
Stocks in Focus
InterGlobe Aviation (IndiGo)
The spotlight is on InterGlobe Aviation as the Rakesh Gangwal family is reportedly poised to offload up to a 3.1 percent stake through block deals. Estimated to be worth approximately ₹7,027 crore, the sale has a floor price set at ₹5,808 per share, drawing investor interest given IndiGo’s stature in the aviation sector.
Power Grid Corporation of India
Power Grid’s successful bid under the Tariff-Based Competitive Bidding for building and operating the “Transmission system strengthening at Davanagere for Integration of Renewable Energy generation” project on a Build, Own, Operate, and Transfer (BOOT) basis has invigorated its stock. This project is expected to enhance transmission infrastructure critical for renewables.
Oil India and Bharat Petroleum Corporation Limited (BPCL)
Both Oil India and BPCL formalized a Joint Venture Agreement aimed at establishing a gas distribution network across Arunachal Pradesh. The new venture will focus on setting up Compressed Natural Gas (CNG) stations and providing Piped Natural Gas (PNG) to residential, commercial, and industrial consumers, reflecting a strategic push towards cleaner energy sources in the region.
Rail Vikas Nigam Limited (RVNL)
RVNL signed a Joint Venture Agreement with Texmaco Rail & Engineering Ltd., intending to incorporate a joint venture company to undertake railway and allied infrastructure projects. Subject to board and regulatory approvals, the proposed shareholding will see RVNL holding 51 percent and Texmaco 49 percent, positioning the JV for significant infrastructure opportunities.
Other Noteworthy Stocks
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SMS Pharmaceuticals announced the successful closure of its recent USFDA inspection at its Central Laboratory Analytical Services unit in Hyderabad, receiving an Establishment Inspection Report with “No Action Indicated” status, marking the end of the audit with zero observations.
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Dr Reddy’s Laboratories secured an interim stay from the Telangana High Court regarding an income tax reassessment notice, providing temporary relief ahead of further legal proceedings.
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SBI Cards and Payment Services launched the ‘Flipkart SBI Credit Card’ in collaboration with Flipkart, tapping into the growing e-commerce credit card market.
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Dr Agarwal’s Eye Hospital and Dr Agarwal’s Health Care boards have approved a merger scheme that aims to consolidate the two publicly listed companies under the group, awaiting shareholder and regulatory approvals.
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Newgen Software Technologies received a significant order worth ₹73.12 crore for a scanning and digitization project, enhancing its business prospects.
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E2E Networks secured an ₹88.02 crore order from IndiaAI for the allocation of GPUs and networking equipment aimed at supporting India’s foundational AI model development.
Sector Watch: Textiles and Jewellery
Given the newly imposed import tariffs by the US, textiles and jewellery stocks are expected to experience increased volatility, facing pressure due to the higher cost implications on imports.
Summary
The market mood on August 28 remains cautious with global macroeconomic challenges impacting sentiment. However, several corporate developments, strategic joint ventures, and regulatory clearances provide bright spots for investors. Key sectors such as aviation, energy, infrastructure, pharmaceuticals, and technology are set to remain under the scanner as the day’s trading unfolds.
Investors and market participants are advised to monitor stock-specific news closely, alongside macroeconomic updates, to make informed decisions amid this evolving landscape.
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