RATNAMANI Arm Bags ₹2,700 Cr Orders, LALITHAA Lists At A Premium & More
- Share.Market
- 11 min read
- 24 Aug 2026
Here’s a quick wrap-up where we break down the performance of key indices, top corporate movers, and the major economic headlines of the day.
Indian benchmark indices Nifty 50 and Sensex ended in the red on Monday, August 24, as escalating geopolitical tensions weighed on investor sentiment following warning from Iran stating that commercial vessels violating Tehran’s newly imposed transit rules and routing protocols through the strategic Strait of Hormuz face severe penalties, including fines, detention, or outright seizure and confiscation on future passages, coming ahead of anticipated sanctions by the US. On the sectoral front, sentiment was mixed, with Nifty Metal emerging as the top leader and Nifty PSU Bank as the top loser.
Key Indices – Share Market
Today’s Top News from the Indian Share Market
RATNAMANIRatnamani’s subsidiary, Ratnamani Finow Spooling Solutions, received international export orders worth USD 286 million (₹2,700 crore) to supply spools and hangers. Executed over two to three years, the orders will be partially manufactured in-house and partially subcontracted on a mercantile trade basis. Promoters hold no interest in the awarding entity.
TVSSCSTVS Supply Chain Solutions signed a strategic MoU with Japan’s Sankyu Inc. to collaborate on supply chain and engineering services. Sankyu intends to acquire a 0.5% equity stake in TVS SCS. The partnership will initially focus on Indian manufacturing customers before expanding into markets across Asia, the Middle East, and Africa.
KPIGREENKP Group signed a non-binding Letter of Intent (LOI) with Saudi Arabia’s Raz Holding Group for a proposed strategic investment or collaboration. The LOI contemplates acquisitions or capital infusion, subject to comprehensive due diligence and regulatory approvals.
ABDLAllied Blenders and Distillers announced its expansion into Malaysia through the local production of Officer’s Choice Blue. Under an asset-light co-bottling arrangement with a local partner, ABD will produce the whisky in 750ml, 180ml, and 90ml variants. This marks ABD’s first overseas local production initiative, supporting its export-led growth strategy.
JUBLPHARMAJubilant Pharmova announced that the USFDA has approved commercial batch manufacturing for the first product on its new Isolator-based fill and finish line (Line 3). The manufacturing line is located at the contract manufacturing facility of its step-down subsidiary, Jubilant HollisterStier LLC, in Spokane, Washington, U.S.A.
JSWINFRAJSW Infrastructure executed a Share Purchase Agreement to acquire 100% of the share capital of JSW Overseas FZE from JSW Terminal (Middle East) FZE. Pending regulatory approvals in India and the UAE, JSW Overseas, currently a step-down wholly owned subsidiary, will become a direct wholly owned subsidiary of the company.
LTL&T Energy Hydrocarbon Onshore signed an EPC contract for an ultra-mega (worth over ₹15,000 crore) gas compression project in the Middle East. The project includes gas inlet facilities, compression systems, and utilities to process sour gas. Additionally, L&T’s Power Transmission & Distribution business will build two 230 kV extra-high-voltage substations to meet the plant’s power requirements.
Broader Market Performance Today
INDIA VIXTop Performing Sectors Today
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Today’s Top Gainers and Losers
*Prices shown may have delay up-to 15 minutes
FII DII Activity (₹ Cr)
| Date | FII (Net Value) | DII (Net Value) |
| 21 Aug 2026 | -542.71 | 2,124.14 |
| 20 Aug 2026 | -583.36 | 3,537.71 |
| 19 Aug 2026 | 407.99 | 3,973.72 |
| 18 Aug 2026 | 1,651.53 | 2,579.31 |
| 17 Aug 2026 | -2,535.10 | 5,101.46 |
| Month-to-Date | 2,532.14 | 30,355.74 |
What’s Happening Beyond Markets?
- The government released the Provisional Estimates of Service Producer Price Indices for Q1 FY 2026-27. Based on the 2022-23 base year, indices like Banking Services saw a slight rise to 100.9, while Securities Transaction Services fell to 89.9.
- NLC India’s Talabira II & III coal mines in Odisha achieved their highest-ever annual coal production of 19.14 MT in FY 2025-26, marking an 11.28% year-on-year growth. This significantly strengthens domestic coal availability and India’s energy security.
- India and Brazil signed an MoU on the sidelines of the BRICS ICT Track Meeting in Pune. The agreement aims to strengthen bilateral cooperation in telecommunications, cybersecurity, AI, 5G, and digital infrastructure while promoting the exchange of best practices.
- The government introduced measures to curb rising sugar prices ahead of the festive season. To counter hoarding and lower-than-expected domestic production, a 400-tonne stock limit was imposed on dealers alongside the permitted duty-free import of 10 LMT of raw sugar.
- 29 FDI investments worth ₹4,895.65 crore were reported under the revised framework up to August 2026. The updated rules facilitate faster investment by removing prior government approval for non-controlling land-bordering country ownership of up to 10%.
- The Reserve Bank of India reported that foreign exchange inflows under its swap facility have reached $72.85 billion. Simultaneously, the mobilisation of Foreign Currency Non-Resident (Bank) deposits has successfully surpassed the $65 billion mark.
IPO Corner: Mainboard
Active & Upcoming IPOs
| Company | Date | Total Issue Size | Issue Price | Minimum Investment |
| Augmont Enterprises Ltd. | 21 to 25 Aug, 2026 | ₹825 Cr | ₹750 to ₹788 | ₹14,250 |
| Skyways Air Services Ltd. | 24 to 27 Aug, 2026 | ₹583 Cr | ₹131 to ₹138 | ₹13,100 |
| Symbiotec Pharmalab Ltd. | 24 to 27 Aug, 2026 | ₹1,757 Cr | ₹938 to ₹988 | ₹14,070 |
Listing Update
| Company | Issue Price | Listing Price (NSE) | Premium |
| Lalithaa Jewellery Mart Ltd. | ₹201.00 | ₹265.00 | 31.84% |
5 Make-in-India Defence Stocks That Will Be in Focus
Back to Basics
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Before You Go…
Markets aren’t just charts and tickers; they’re daily tales of ambition and the quiet courage to stay invested.
We’ll be back to cut through the noise, so you can focus on investing intelligently.
