Stocks to Watch: RIL, BoB, Power Grid, NATCO

Nifty24, 252.0020.16. Motilal Oswal Midcap Fund Direct-Growth.

Key points

• The NSE Nifty50 closed at 24, 252, up 20 points, or 0.08%.
• Stocks in news: Reliance Industries, Bank of Baroda, Power Grid, NATCO Pharma and JSW Infra.
• Caplin Point Laboratories remarked the US FDA issued a Form 483 containing 10 observations after an unannounced inspection at one of its manufacturing units.
• Mukesh Ambani-led Reliance Industries remarked shareholders approved three resolutions with the requisite majority on August 20.
• Bank of Baroda has completed the issuance of an extra $400 million of senior unsecured Reg-S fixed-rate notes.

Nifty24, 252.0020.16. Motilal Oswal Midcap Fund Direct-Growth. The Economic Times daily newspaper is available online now.

Stocks in news: Reliance Industries, Bank of Baroda, Power Grid, NATCO Pharma and JSW Infra. ETMarkets.comLast Updated: Aug 24, 2026, 06: 00: 00 AM IST.

After a volatile trading session, indian equity markets closed largely unchanged on Friday, August 21. A number of businesses, including Reliance Industries and Bank of Baroda, documented significant corporate developments. Power Grid Corporation and Jubilant Pharmova additionally unveiled key project wins and regulatory approvals. NATCO Pharma and Caplin Point Laboratories received observations from the US FDA after inspections. Mobile manufacturing stocks are projected to gain attention after a new administration scheme.

Indian equity markets concluded a choppy session on Friday, August 21, largely unchanged as investors held on to Thursday's recovery but lacked conviction to drive the benchmark indices higher. The NSE Nifty50 closed at 24, 252, up 20 points, or 0.08%. From a technical perspective, the index remained within the 20-day and 50-day exponential moving averages (EMAs) on the daily chart. The Relative Strength Index (RSI) continues to show a bearish crossover, suggesting that momentum remains subdued. Analysts expect the market to remain sideways to mildly positive in the near term. On the downside, 24, 200 remains an significant backing level; a break below it could drag the Nifty towards 24, 000. On the upside, 24, 350 is the immediate resistance, above which the index could move towards 24, 500.

Against this backdrop, shares of Reliance Industries, Bank of Baroda, Power Grid Corporation of India, NATCO Pharma, JSW Infrastructure and a number of other businesses are probable to remain in focus in Monday's trade after key corporate developments. Reliance Industries.

Mukesh Ambani-led Reliance Industries remarked shareholders approved three resolutions with the requisite majority on August 20. The resolutions include proposals relating to material related-party transactions involving RIL and its subsidiaries. Shareholders additionally approved an expansion of the company's objects clause to include the production, processing, sale and distribution of ammonium nitrate, explosives, blasting agents, fertilisers and agro-chemicals. Live Events.

Bank of Baroda has completed the issuance of an extra $400 million of senior unsecured Reg-S fixed-rate notes. The notes carry an all-in yield of 5.389% per annum and an original coupon of 5.318%, payable semi-annually. The securities have an original maturity of five years and are being issued as a tap of the bank's existing fixed-rate notes due August 20, 2031. The bonds will be issued through Bank of Baroda's IFSC Banking Unit in GIFT City on August 27 and will be listed on the Singapore Stock Exchange, India INX GIFT City and NSE IX. Power Grid Corporation of India.

State-owned Power Grid Corporation of India has been declared the successful bidder under the Tariff Based Competitive Bidding (TBCB) process to establish an inter-state transmission system for renewable energy projects in Gujarat. The discovered tariff for the project stands at ₹822.91 crore per annum. Jubilant Pharmova.

Jubilant Pharmova remarked the US Food and Drug Administration has approved commercial batch manufacturing of the first product on Line 3, a new isolator-based fill-and-finish line at its Spokane, Washington facility. The facility is operated by Jubilant HollisterStier LLC, a subsidiary of Jubilant Pharma Ltd. It is a wholly owned subsidiary of Jubilant Pharmova. NATCO Pharma.

NATCO Pharma remarked the US FDA issued a Form 483 with four observations after an inspection of its finished dosage formulations (FDF) facility in Hyderabad. The inspection was conducted between August 17 and August 21, 2026. JSW Infrastructure.

JSW Infrastructure has entered into a share purchase agreement with JSW Terminal (Middle East) FZE and JSW Overseas FZE to acquire 100% of the share capital of JSW Overseas from JSW Terminal. The transaction is subject to receipt of the necessary approvals from the relevant authorities in India and the UAE. Upon completion, JSW Overseas, at present a step-down wholly owned subsidiary of JSW Infrastructure, will become a direct wholly owned subsidiary of the business. Caplin Point Laboratories.

Caplin Point Laboratories remarked the US FDA issued a Form 483 containing 10 observations after an unannounced inspection at one of its manufacturing units. The inspection was conducted from August 13 to August 21, 2026. Kaynes Technology India.

Kaynes Technology India and BOSGAME have signed a strategic memorandum of understanding aimed at establishing and expanding BOSGAME's presence in the Indian market. The partnership will combine BOSGAME's product innovation and intelligent computing portfolio with Kaynes Technology's capabilities throughout electronics design, engineering, integrated manufacturing, testing, supply-chain management and lifecycle backing. Choksi Laboratories.

Choksi Laboratories remarked the US FDA concluded an inspection of its central laboratory in Indore, Madhya Pradesh. The inspection, conducted between August 17 and August 20, resulted in four observations. Diamond Power Infrastructure.

Diamond Power Infrastructure has received a letter of intent/order worth ₹52.86 crore, including GST, from Aurionpro Solutions for the supply of high-tension and low-tension electrical cables to a hyperscale data centre campus in Hyderabad. Apollo Micro Systems.

Apollo Micro Systems remarked the manager to the open offer has received a letter from the Securities and Exchange Board of India (SEBI) regarding the company's proposed open offer to acquire up to 1.40 crore fully paid-up equity shares of Premier Explosives.

In short, stocks to Watch: RIL, BoB, Power Grid, NATCO is the central thread here, and readers can expect follow-up reporting as the picture becomes clearer.