Stocks in news: Bharti Airtel, Happiest Minds Technologies, PVR INOX, Milky Mist Dairy and Mankind Pharma

Indian equity markets ended lower in the first trading session of the week on Monday, August 31, as a hawkish message from US Fed Governor Kevin Warsh at the Jackson Hole symposium, coupled with renewed tensions in West Asia, pushed crude oil prices sharply higher and weighed on investor sentiment. The NSE Nifty50 settled at 24,080, down 95 points, or 0.39%.

From a technical point of view, the Nifty50 index continues to remain weak as it trades below the critical moving averages. In the near term, the index may witness a minor pullback towards 24,180–24,200. However, the higher levels are likely to act as resistance, said Rupak De, Senior Technical Analyst at LKP Securities. A sustained move above 24,200, he believes, could trigger a further rise of around 100 points, while 23,990 remains the key support level. A sustained break below this level could resume the correction in the market.

Against this backdrop, shares of Bharti Airtel, Happiest Minds Technologies, PVR INOX, Milky Mist Dairy, Mankind Pharma and several other companies are likely to remain in focus following key corporate developments.

Happiest Minds Technologies

Happiest Minds Technologies, an AI-first digital engineering company, announced that it has signed definitive agreements to combine its business with ITC Infotech India.

The combination is expected to create an AI-first global technology services enterprise with annual revenue of $1 billion by FY28, more than 19,000 employees, over 800 customers and operations across more than 30 countries.

PVR INOX

Multiplex operator PVR INOX Ltd on Monday approved a buyback of up to 20,68,965 fully paid-up equity shares at Rs 1,450 per share, for an aggregate amount of up to Rs 300 crore.

The buyback represents 2.11% of the company's existing paid-up equity share capital and will be undertaken through the tender offer route using the stock exchange mechanism.

Milky Mist Dairy Food

Milky Mist Dairy Food reported a sharp increase in profit for the June quarter, supported by growth across its value-added dairy and packaged food portfolio, higher volumes and improved margins.

Profit after tax rose nearly nine times to Rs 65 crore in the first quarter, compared with Rs 6.53 crore in the same quarter last year.

Revenue from operations increased 43.6% year-on-year to Rs 973.45 crore from Rs 678.09 crore.

ALSO READ: Milky Mist Q1 Results: Profit zooms nearly 9 times YoY to Rs 65 crore; revenue rises 44%

E2E Networks

Cloud infrastructure company E2E Networks said it has entered into a binding term sheet with a sovereign artificial intelligence company based in India to provide NVIDIA Blackwell cloud graphics processing units (GPUs) and allied services.

The arrangement has an aggregate contract value of approximately Rs 1,000 crore, excluding applicable taxes, and remains valid until June 2029.

The company said the engagement marks a significant milestone in its strategy of signing longer-term customers.

Bharti Airtel

The Department of Telecommunications' Karnataka LSA has imposed a Rs 2.13 lakh penalty on Bharti Airtel for an alleged violation of subscriber verification norms following a June 2026 Customer Application Form audit.

The company has opted not to contest the matter and will pay the penalty.

Mankind Pharma

Mankind Pharma has completed the transfer of its 100% stake in Broadway Hospitality Services to AKRK Projects LLP and its partners. The transaction was completed on August 31, following which Broadway has ceased to be a wholly owned subsidiary of the company.

Welspun Corp

Welspun Corp said it will not proceed with the proposed sale of its 26% stake in Clean Max Dhyuthi to Welspun Living, a promoter group company. The Rs 7.6 crore transaction has been mutually cancelled, citing current demand, supply and power availability at the relevant location.

Ausom Enterprise

Ausom Enterprise has fixed Thursday, September 17, 2026, as the record date for determining the eligibility of members to receive a dividend of Rs 1 per share, equivalent to 10% of the Rs 10 face value of each fully paid-up equity share. The dividend is subject to approval by shareholders at the company's 42nd Annual General Meeting.

Lux Industries

Lux Industries' board has approved a Scheme of Arrangement for the demerger of its Vertical A and Vertical C businesses into two wholly owned subsidiaries—Lux and Cozi Limited and Lux Global Limited, respectively.

Under the scheme, shareholders of Lux Industries will receive one share each in the two resulting companies for every one share held in Lux Industries, subject to shareholder, creditor, NCLT, SEBI, stock exchange and other regulatory approvals.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)