Stocks To Watch Today: Manipal Health, LIC, Paytm, Nykaa, ONGC, Bharti Airtel And Others In Focus

Several stocks are likely to attract investor attention on August 5 following key corporate announcements, stake sales, listings and dividend-related developments. Life Insurance Corporation of India share price, Bharti Airtel share price, ONGC share price, Nykaa share price, Marico share price, MCX share price, Sheela Foam share price, Metropolis Healthcare share price, Deepak Nitrite share price, and Kalyan Jewellers share price are expected to remain on investors’ radar during the trading session.

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Trading activity is also expected to centre around the government’s expanded offer-for-sale (OFS) in LIC, multiple bulk and block deals, fresh listings and stocks turning ex-dividend.

LIC OFS Expanded to 6.5% Stake

The Government of India has exercised the oversubscription option in the ongoing offer-for-sale of Life Insurance Corporation of India. An additional 50.59 crore equity shares, equivalent to a 4% stake, will be offered on August 5 over and above the base issue of 31.62 crore shares, representing 2.5% equity. The development is expected to keep Life Insurance Corporation of India share price in focus during the session.

Paytm Sees Large Block Deal

One 97 Communications witnessed significant institutional transactions. Elevation Capital V sold 10.20 lakh shares worth ₹139.55 crore, SAIF III Mauritius Company divested 97.43 lakh shares valued at ₹1,332.7 crore, while SAIF Partners India IV offloaded 41.36 lakh shares worth ₹565.77 crore. Together, the three entities sold 1.49 crore shares aggregating ₹2,038.02 crore.

National Pension System Trust, Axis Mutual Fund, Morgan Stanley, Goldman Sachs, BNP Paribas Financial Markets, Societe Generale, Franklin Templeton Mutual Fund, Tata Mutual Fund and several other institutional investors were among the buyers. The transaction is likely to keep Paytm share price under watch.

Meesho, Poonawalla Fincorp and Other Block Deals

Elevation Capital and Peak XV Partners Investments sold a 2.27% stake in Meesho to 27 investors for ₹1,949 crore at ₹186 per share. Buyers included Fidelity, Goldman Sachs, Morgan Stanley, Axis Mutual Fund, UTI Mutual Fund, HSBC Mutual Fund and Abu Dhabi Investment Authority.

PFL Employee Welfare Trust sold a 0.53% stake in Poonawalla Fincorp through block deals worth ₹222.96 crore at ₹473.5 per share. Sundaram Mutual Fund, HDFC Life Insurance Company, Helios Mutual Fund and Morgan Stanley Asia Singapore were among the purchasers.

Separately, Goldman Sachs India Equity Portfolio acquired a 1.04% stake in Sudeep Pharma for nearly ₹100 crore. Block deal activity was also reported in Zota Health Care, Rajgor Castor Derivatives, Aimtron Electronics and Apollo Pipes.

Listings and Corporate Actions

Manipal Health Enterprises is scheduled for its mainboard listing, while H R Hygiene Products will debut on the SME platform.

Several companies, including Hyundai Motor India, Ajanta Pharma, Berger Paints India, Brigade Enterprises, Bayer CropScience, IRB Infrastructure Developers, Somany Ceramics and Updater Services, will trade ex-dividend on August 5. SAB Events & Governance Now Media will trade ex-date under its resolution plan with suspension.

Among derivatives, Life Insurance Corporation of India share price will also remain in focus as the stock continues in the F&O ban list. Alongside LIC, investors are expected to monitor Bharti Airtel share price, ONGC share price, Nykaa share price, Marico share price, MCX share price, Sheela Foam share price, Metropolis Healthcare share price, Deepak Nitrite share price and Kalyan Jewellers share price for company-specific developments and trading activity during the session