Stocks in news: TCS, ICICI Bank, Hindustan Copper and Piramal Finance

Indian equity markets erased early gains to end Monday’s session lower, with the NSE Nifty50 slipping below the 24,200 level intraday before reclaiming it at close. The index settled at 24,219, down 33 points, or 0.14%.

Analysts expect the market to remain volatile on Tuesday as traders adjust positions ahead of new US sanctions on Iran and a possible response from Tehran. The event will coincide with the NSE monthly F&O expiry. On the technical front, support is seen at 24,200-24,000, while 24,350 could act as a key resistance level. A sustained move above 24,350 could trigger a meaningful rally.

Against this backdrop, shares of Hindustan Copper, Tata Consultancy Services, ICICI Bank, Afcons Infrastructure, HEG, Piramal Finance and several other companies are likely to remain in focus following key corporate developments.

Hindustan Copper

The Union government will sell 3% equity in Hindustan Copper through an offer for sale, with an option to sell another 3% in case of oversubscription. The OFS will open at a floor price of Rs 514 per share. This is about a 10% discount to the last closed price of Rs 573.55.

Tata Consultancy Services

Tata Consultancy Services said Porsche AG has entered into a five-year strategic deal with MHP Management- und IT-Beratung GmbH and TCS, with a total value of €1.25 billion. The development follows TCS’s acquisition of MHP.

ICICI Bank

ICICI Bank, through its IFSC Banking Unit, priced $1 billion senior unsecured fixed-rate notes at 10:45 am IST on Monday. The notes were issued under the bank’s $7.5 billion Global Medium Term Note Programme. Moody’s Ratings and S&P Global Ratings have assigned ‘Baa3’ and ‘BBB’ ratings, respectively, to the notes.

Afcons Infrastructure

Afcons Infrastructure has received an arbitral award of ₹335.50 crore in its favour in arbitration proceedings between the company and the Uttar Pradesh Expressways Industrial Development Authority (UPEIDA).

Piramal Finance

Piramal Finance has opened a proposed issue after receiving approval from its Committee of Directors (Administration, Authorisation & Finance). The committee approved a floor price of ₹2,102.65 per equity share.

Fino Payments Bank

Fino Payments Bank’s board has approved the extension of Ketan Merchant’s tenure as Interim Chief Executive Officer, subject to approval from the Reserve Bank of India. The extension will be for a period not exceeding three months, effective August 27, 2026. Merchant will continue as the bank’s Key Managerial Personnel and Senior Managerial Personnel during the extended tenure.

Allied Digital Services

Allied Digital Services has fixed August 28, 2026, as the record date for determining shareholders eligible to receive the final dividend, if declared at the company’s annual general meeting.

Ceigall India

Ceigall India has received Letters of Acceptance from the Ministry of Road Transport & Highways for construction of a section of the Lada-Sarli section of NH913, also known as the Frontier Highway, in Arunachal Pradesh. The project has a contract value of ₹704.70 crore, excluding GST.

The project will be executed jointly with Sushee Infra & Mining. Ceigall India will hold a 74% share, while Sushee Infra & Mining will hold the remaining 26%.

ALSO READ: Govt to sell up to 6% stake in Hindustan Copper via OFS; floor price at 10% discount

HEG

HEG has fixed September 7, 2026, as the record date for determining shareholders eligible to receive consideration under the composite scheme of arrangement involving HEG, HEG Graphite and Bhilwara Energy. The development follows the sanctioning of the scheme by the National Company Law Tribunal, Indore Bench, on August 13, 2026.

The company also informed the exchanges about the appointments of several key personnel.

The Ramco Cements

The Ramco Cements said the Mines and Minerals (Development and Regulation) Amendment Act, 2026 has been enacted to regulate and restrict the imposition of certain taxes, cess and other levies by state governments in respect of mineral rights and mineral-bearing lands. The amendment restricts the imposition of any levy on mineral rights or mineral-bearing lands, except in accordance with conditions or restrictions prescribed by the central government. The company said it has been incurring ₹160 per tonne of limestone towards Mineral Bearing Land Tax in Tamil Nadu

Texmaco Rail & Engineering

Texmaco Rail & Engineering has fixed September 11, 2026, as the record date for determining shareholders entitled to receive the dividend for FY26, if declared at the company’s 28th annual general meeting. The AGM is scheduled for September 18, 2026.

The dividend, if declared, will be paid to members whose names appear in the Register of Members or the lists provided by the depositories as on the record date.

PACE Digitek

PACE Digitek’s material subsidiary Lineage Power has secured a ₹92.925 crore order from Kalpa Power for the supply of, and commissioning support for, a 100 MWh battery energy storage system (BESS).

Sansera Engineering

Sansera Engineering has redesignated Fatheraj Singhvi from Joint Managing Director to Vice Chairman with effect from August 24, 2026. The company has also redesignated Bindiganavile Raghunath Preetham as Joint Managing Director and Group CEO.