Stocks to Watch, August 28: Acme Solar, textiles, gems & jewellery, IndiGo, Texmaco Rail, RVNL, Hindalco, Sri Lotus Developers

Stocks to Watch: Shares of export-linked sectors such as shrimp, apparel, diamonds, leather and footwear, and gems and jewellery, among others, will be on investors' radar on Thursday, August 28, as the US's 50% tariffs on Indian goods came into effect on Wednesday, and it will impact exports and job creation in these labour-intensive sectors. Stocks to Watch: The domestic equity market is expected to open in the red on Thursday, August 28. The GIFT NIFTY futures suggest that the NIFTY50 index will open 53 points lower. Here is a list of stocks that may remain in focus today. Textiles, gems & jewellery: Shares of export-linked sectors such as shrimp, apparel, diamonds, leather and footwear, and gems and jewellery, among others, will be on investors' radar on Thursday, August 28, as the US's 50% tariffs on Indian goods came into effect on Wednesday, and it will impact exports and job creation in these labour-intensive sectors. Sectors that would bear the brunt of the high import duties imposed by the Trump administration include textiles/clothing, gems and jewellery, shrimp, leather and footwear, animal products, chemicals, and electrical and mechanical machinery. TCS: Tata Consultancy Services (TCS), the country’s largest IT services firm, has set up a new artificial intelligence (AI) and services transformation unit, underscoring the growing importance of AI in its strategy, per news reports. The unit will be headed globally by Amit Kapur, a TCS veteran who currently leads the company’s UK and Ireland business. The company made the announcement in an internal email to employees, said a report by Business Standard. InterGlobe Aviation: Shares of InterGlobe Aviation, the operator of IndiGo airlines, will be in focus on Thursday, August 28, as promoter Rakesh Gangwal and his family trust are likely to divest up to a 3.1% stake for ₹7,027.7 crore in the company today, according to a term sheet. Gangwal, the co-founder of IndiGo, has been selling his equity in a phased manner, following a bitter fallout with co-founder Rahul Bhatia. Apart from Rakesh Gangwal, the Chinkerpoo Family Trust, whose trustees are Shobha Gangwal and JP Morgan Trust Company of Delaware, will be collectively divesting up to a 3.1% holding in IndiGo, the country's largest carrier, according to the term sheet accessed by PTI. Texmaco Rail, RVNL: Shares of rolling stock maker Texmaco Rail & Engineering Ltd. and Rail Vikas Nigam Ltd. (RVNL) will be in focus on Thursday, August 28, as the companies said on Wednesday that they have formed a joint venture to strengthen India’s railway modernisation and export competitiveness. The venture will manufacture freight and passenger rolling stock — including wagons, locomotives, coaches, trainsets and metro coaches — and also take up EPC projects, depot operations and global tenders, a statement said. Texmaco, part of the Adventz Group, will hold a 49% stake, while Navratna PSU RVNL will remain the majority shareholder. The transaction is expected to close by December 2025, subject to approvals. Hindalco: Shares of Hindalco Industries will be in focus as, according to a news report, the company is set to invest ₹586 crore to build an integrated aluminium extrusion facility, the primary raw material for manufacturing mobile phone chassis or enclosures, in Kuppam, Andhra Pradesh, for use in Apple's iPhone smartphones. Hindalco's proposal will come up for approval of the State Investment Promotion Board (SIPB) on Thursday, said a report by The Economic Times. Acme Solar Holdings: The company's board on Wednesday approved a proposal to raise ₹3,000 crore in multiple tranches. At its meeting, the company's board also approved the reappointment of Shashi Shekhar as vice-chairman and whole-time director on the recommendation of its nomination and remuneration committee for a period of one year from the completion of his present term, i.e., with effect from April 9, 2026. The board cleared the proposal of "raising of funds for an aggregate amount not exceeding Rs 3,000 crore in one or more tranches, through issuance of equity shares or any other equity-linked instruments or securities, through permissible modes, including but not limited to, qualified institutional placement (QIP), further public offer (FPO), private placement and/or combination thereof, as may be considered appropriate under applicable laws, subject to such regulatory/statutory approvals". Markolines Pavement: Highway infrastructure solutions provider Markolines on Wednesday said it has secured a ₹100 crore order from Trans Metalite India for road maintenance works in Andhra Pradesh. The contract will be executed over a period of five years, the company said in a statement. "Markolines Pavement Technologies has secured a ₹100 crore order from Trans Metalite India Ltd for patch repair works in Andhra Pradesh," the statement added. In addition to this, the company has received multiple orders totalling nearly ₹97.47 crore in the ongoing fiscal year, including two repeat orders from Varanasi Aurangabad NH-2 Tollway Private Ltd. Sri Lotus Developers: Sri Lotus Developers and Realty Ltd has reported a 36% decline in consolidated net profit at ₹25.78 crore in the first quarter of this fiscal. Its net profit stood at ₹40.16 crore in the year-ago period. Total income also fell to ₹68.09 crore in the April-June quarter of this fiscal year, from ₹122.46 crore logged in the corresponding period of this fiscal year, according to a regulatory filing on Tuesday. Earlier this month, Sri Lotus Developers and Realty Ltd got listed on the stock exchanges after the successful launch of its Initial Public Offering (IPO). Cement stocks: Shares of cement companies will be in focus as cement prices have seen a sharp escalation in the current fiscal year, following upward pressure from input fuel costs, particularly petroleum coke (petcoke), PTI reported, citing industry sources. The all-India average cement price reached ₹360 per 50 kg bag in May 2025, about 8% higher year-on-year after a steep decline the previous year. While regional differences persist – with eastern India seeing the sharpest increases (₹20 a bag in West Bengal) and western markets rising by a modest ₹3 – the trend across the country is clearly upward. ALSO READ | Vikran Engineering IPO day 2: Check live subscription details, price band, lot size, objectives and more May is the latest all-India data available. The report added that demand remains robust, growing 9% in May to 39.6 tonnes, underpinned by housing and government-led infrastructure. Analysts forecast 6-7% growth in FY2026 volumes to 480-485 tonnes. HAL: Shares of Hindustan Aeronautics (HAL) will be in focus as, according to news reports, India is close to finalising a deal worth about $1 billion with US firm General Electric (GE) for 113 GE-404 engines to power the indigenous aircraft. This comes soon after the Indian government cleared the ₹62,000-crore order for 97 additional LCA Tejas Mark 1A fighter jets.