The GIFTY Nifty futures were trading flattish during the early hours before the opening of the markets on Monday. Domestic Indices are expected to open on a sombre note in line with the GIFT Nifty futures. 

The benchmark equity indices, NSE Nifty 50 and S&P BSE Sensex closed marginally lower on Friday, continuing the losing streak. The Sensex nearly lost more than 200 points or 0.31% to close at 64,948.66 points, while the Nifty fell by 0.28% or 55 points to settle at 19,310.15.

Here are the top stocks to watch on August 21, 2023

Murugappa Group Stocks: The Murugappa family has announced an amicable resolution of all internal disputes and differences between Valli Arunachalam, daughter of Lt M V Murugappa and the rest of the family through an arrangement of which no listed company is a part. Carborundum Universal, Cholamandalam Investment, Cholamandalam Financial Holdings, Coromandel Engineering, Coromandel International, EID-Parry (India), Tube Investments, Kartik Investments, CG Power, Shanthi Gears and Wendt (India) are the listed stocks. 

Titan: The watch and jewellery retailer announced on Saturday that it had inked a share purchase agreement with the founder of CaratLane for an additional 27.18% stake in the company for a total consideration of Rs 4,621 crore, increasing its total stake in CaratLane from 71.09% to 98.28%. 

GMR Airports Infrastructure: The company reported a 30% year-on-year (YoY) increase in its airport passenger traffic for July to 98.60 lakh and a 17% YoY jump in aircraft movements to 64,809 in the same month. The numbers were flattish on a month-on-month basis.

Gujarat Gas: After five consecutive cuts, the leading city gas distribution company has hiked industrial gas prices from Rs 38.43 per standard cubic meter (scm) to Rs 40.83 per scm applicable from today. The rate hike comes after the increase in the spot prices of LNG. 

Jio Financial Services: The demerged financial services entity of the Mukesh Ambani-led Reliance Industries is set to list on the bourses today, ensuring that it remains in the FTSE indices and enters the MSCI Global Standard Index. The scrip will be in the trade-for-trade segment for ten trading sessions. 

KEC International: The RPG Group company bagged orders worth Rs 1,007 crore across its Civil, Transmission & Distribution, and Cables businesses. The projects include a 380 kV overhead transmission line in the Middle East, the design, engineering, and construction of a multispeciality hospital in India and the supply of cables in India and overseas.

Mahindra & Mahindra: The auto manufacturer announced a proactive inspection of select XUV products in compliance with the Voluntary Code on Vehicle Recall. The company will investigate the wiring loom of a total of 1.08 lakh XUV700 units made between June 8, 2021, and June 28, 2023, and 3,560 units of XUV400 made between February 16, 2023, to June 5. 

PNB Housing Finance: The company resolved and fully recovered a corporate Non-performing account of Rs 784 crore through asset reconstruction Company sales under the Swiss Challenge Method.

Tanla Platforms: Tanla’s two-year-long agreement with Vodafone Idea for the platform and firewall services has been stopped and will not continue beyond the initial term. 

There will be a revenue impact of Rs 17 crore and an impact of Rs 9 crore in profits every quarter post-November 2023.