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Stocks in Focus: Zomato, Wipro, Reliance Industries, and Others

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The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 0.22% lower by 54 points at 25,005, indicating that the domestic benchmark indices are likely to make a negative start on Thursday.

On Wednesday, 28 August, Domestic benchmark indices S&P BSE Sensex gained 74 points or 0.09%, to end at 81,786, while the Nifty50 traded 35 points or 0.14% higher and settled at 25,052.

Here are some stocks that are likely to remain in focus on 29 August.

Zomato: The food delivery giant has launched “Zomato for Enterprise”, with an aim at simplifying corporate food expense management. 

Reliance Industries: The company has received approval from CCI to merge its India media assets with The Walt Disney Company. The company has also announced that the 47th Annual General Meeting will be held on 29 August. 

Wipro: The company has partnered up with nine of the top ten healthcare payers in the US. The company said, “Our early investment in AI and close collaboration with academia and research institutions in developing generation AI (GenAI) solutions have positioned us at the forefront of innovation.”

InterGlobe Aviation: The promoter and co-founder of the company, Rakesh Gangwal is looking to sell stake worth $850 million via block deals. 

National Aluminium Company: Khanij Bidesh India Ltd. (KABIL) and Oil India signed a Memorandum of Understanding (MoU) at NALCO’s corporate headquarters in Bhubaneswar. 

KEC International: The company has secured a new order worth Rs 1,171 crore through its Transmission and Distribution b (T&D) business, which includes constructing transmission lines in Saudi Arabia and the UAE. 

Macrotech Developers: The realty major has announced acquiring a 100% stake in One Box Warehouse Private Ltd and Opexefi Services Private Ltd via a share purchase agreement. 

Lemon Tree Hotels: The company has announced its newest property, Lemon Tree Hotel in Ujjain, Madhya Pradesh, which is expected to open in FY27 and will have 72 featured rooms, a restaurant, a bar, a swimming pool, and other public amenities.

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