Stocks To Watch Today: Ola Electric, IndiGo, Groww, Aurobindo Pharma, ICICI Prudential Life Insurance

Several listed companies reported business updates, fundraising developments, regulatory approvals and operational announcements that could influence trading activity on Friday.

Invest in Indian Markets and Unlock Future Potential With 5paisa!

Open Account Now

Ola Electric Completes ₹780 Crore QIP

Ola Electric’s qualified institutional placement (QIP) issue closed with the allotment of 21.8 crore shares at ₹35.86 apiece. The issue price represents a 5% discount to the floor price of ₹37.74. The company raised a total of ₹780 crore through the exercise.

Aurobindo Pharma Receives U.S. FDA Approval

Aurobindo Pharma secured final approval from the U.S. Food and Drug Administration (FDA) for Tofacitinib tablets used in the treatment of arthritis. The approval allows the company to manufacture and market the product in the U.S. market.

Groww Sees Large Block Deal

Friale Fund offloaded 1.1 crore shares of Groww at ₹185.50 per share. Goldman Sachs Bank Europe was among the institutional buyers participating in the transaction.

IndiGo Revises International Network

InterGlobe Aviation, the parent company of IndiGo, announced the temporary suspension of services to six international destinations as part of a network optimisation exercise. Despite the adjustment, the airline said it will continue operating more than 1,800 international flights every week.

ICICI Prudential Life Releases Annual Report

ICICI Prudential Life Insurance announced its Annual General Meeting schedule and published its integrated annual report for FY26.

Titan Maintains Long-Term Growth Outlook

Titan Company outlined its retail market outlook and indicated expectations of 8%-9% compound annual growth in the segment through FY30.

Other Corporate Developments

JSW Steel highlighted key operational priorities including new product launches, cost optimisation initiatives and energy efficiency measures. The company also indicated that the transfer of the Bhushan Power & Steel business to JSW JFE Steel is expected by the third quarter.

Premier Energies said it is implementing a ₹12,500 crore capital expenditure programme aimed at expanding solar manufacturing capacity while entering adjacent clean-energy businesses, including battery-related operations.

ACME Solar Holdings completed its QIP, allotting 10 crore shares at ₹279.50 each. The issue price was set at a 4.97% discount to the floor price of ₹294.13.

United Spirits announced that operations at its Hyderabad manufacturing facility are expected to cease by August 31. The company plans to transfer the unit’s excise licence. The facility contributed ₹599 crore to revenue during FY26.

The announcements come ahead of Friday’s trading session and are likely to be tracked closely by investors for stock-specific movement.