Stocks in news: Groww, Tata Motors PV, Cipla, Varun Beverages and Axis Bank

Indian equity markets ended higher on Tuesday, August 25, with the benchmark Nifty 50 recovering 0.5% to close at 24,334, up 115 points or 0.48% after touching an intraday low of 24,115. The rebound was supported by buying at lower levels, positive global cues, and foreign institutional investor (FII) buying ahead of the monthly F&O expiry.

The Nifty also reclaimed its 20-day exponential moving average (EMA) after several sessions of underperformance. According to Rupak De, Senior Technical Analyst at LKP Securities, the Relative Strength Index (RSI) has entered a bullish crossover, indicating improving momentum. He expects the short-term trend to remain positive, with resistance seen at 24,400–24,480, while immediate support is placed at 24,240.

Against this backdrop, shares of Groww, Tata Motors PV, Cipla, Varun Beverages, Hindustan Copper, Axis Bank and several other companies are likely to remain in focus on Wednesday following key corporate developments.

Groww

Billionbrains Garage Ventures (Groww) is likely to witness a large block deal on Wednesday, August 26, with existing investor Ribbit Capital expected to sell around a 1.6% stake in the online investment platform, according to media reports.

The proposed transaction is estimated at ₹1,914 crore, with the floor price set at ₹195 per share, representing a 4% discount to Tuesday's closing price of ₹203.01 on the NSE.

Cipla

Cipla said it received seven inspectional observations in Form 483 from the US Food and Drug Administration (USFDA) following a follow-up current Good Manufacturing Practices (cGMP) inspection at its Pithampur manufacturing facility in Madhya Pradesh. The inspection was conducted between August 17 and August 25, 2026.

The company said it will work closely with the USFDA and is committed to addressing the observations comprehensively within the stipulated timeline.

Tata Motors Passenger Vehicles

Tata Motors Passenger Vehicles (TMPV) and Tata Communications have announced a collaboration to equip the newly launched Sierra.ev with built-in 5G cellular connectivity. The partnership will enable connected and software-defined vehicle capabilities in the electric vehicle.

Varun Beverages

Varun Beverages will diversify into the alcoholic beverages segment. The company's board has approved the incorporation of a wholly owned subsidiary, KIVA Spirits and Company Limited, to manufacture and sell ready-to-drink (RTD) alcoholic beverages and allied products, subject to regulatory approvals.

Hindustan Copper

The government's offer for sale (OFS) in Hindustan Copper received strong demand from non-retail investors on Tuesday. According to exchange data, the issue was subscribed 3.41 times, with bids for 8.91 crore shares against 2.61 crore shares on offer. The OFS was launched with a floor price of ₹514 per share.

JSW Energy

JSW Energy has informed the exchanges that the Supreme Court has deferred the hearing of a plea filed by Maharashtra State Electricity Distribution Company (MSEDCL) against a Maharashtra Electricity Regulatory Commission (MERC) order. The order directs MSEDCL to pay around ₹600 crore to JSW Energy in a tariff dispute.

Waterways Leisure Tourism

Waterways Leisure Tourism, which operates Cordelia Cruises, announced that its equity shares commenced trading on an ex-split basis from August 25, 2026, following the sub-division of its equity shares in a 1:10 ratio.

The company said August 25 has been designated as the ex-split date, while August 26 remains the record date for determining eligible shareholders. The ex-split date was advanced by one day due to a clearing holiday on August 26.

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Data Patterns (India)

Data Patterns (India) said it has completed the execution of a Share Purchase Agreement to acquire 100% equity shares of ST Advanced Composites Private Limited for a total consideration of about ₹10 crore.

The consideration includes ₹1.5 crore towards the acquisition of equity shares from the promoters and ₹8.5 crore as a loan to the target company to help settle its liabilities. The acquisition remains subject to the fulfilment of customary conditions precedent and other terms agreed under the Share Purchase Agreement.

ST Advanced Composites has an authorised share capital of ₹50 lakh, divided into 5 lakh equity shares of ₹10 each. According to its provisional financial statements, the company reported a turnover of ₹416.85 lakh as of March 31, 2026.

Axis Bank

Axis Bank informed exchanges that the Securities and Exchange Board of India (SEBI) has disposed of all proceedings against the bank and its subsidiaries, Axis Securities Limited and Axis Capital Limited, without issuing any directions or imposing any penalty.

The final order, dated August 24, 2026, relates to a show cause notice issued by SEBI in October 2024.

Aptech

Aptech has secured a contract from a state government body to conduct a computer-based examination. The examination is expected to be executed in the second quarter of FY27, with the contract valued at approximately ₹7.23 crore.

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