Stocks to Watch Today, August 24, 2026: Mamata Machinery, Choksi Laboratories, Paradeep Phosphates, Caplin Point Laboratories and Vraj Iron and Steel
- Powergrid secures ₹26,000 crore contract, boosting order book to ₹2.2 trillion.
- Zee Entertainment raises ₹659 crore via promoter warrant allotment.
- GHCL wins NGT ruling for Kutch soda ash project clearances.
- Edelweiss Life Insurance barred from opening new branches for six months.
- Mamata Machinery reports Q1 loss but secures key technology patents.

*this image is generated using AI for illustrative purposes only.
Powergrid leads the charge with a massive ₹26,000 crore contract, pushing its order book to ₹2.2 trillion. Zee Entertainment raises ₹659 crore via promoter warrants, while GHCL wins a critical NGT ruling. Here’s what’s moving.
Mamata Machinery
- Earnings: Q1FY27 net loss widened to ₹347 million as revenue fell 6% to ₹3,628 million due to deferred deliveries. Stock closed at ₹420.35 in the previous session, up 3.66%.
- Patents: Secured patents for Quadra 600 machine technology and RecTech die design, strengthening IP in sustainable packaging.
Choksi Laboratories
- Regulatory: Received four USFDA observations at its Indore facility following a standard post-inspection process. Stock closed at ₹137.00 in the previous session, up 3.59%.
- Corporate action: Scheduled its 33rd AGM for August 21 via video conference.
Paradeep Phosphates
- Promoter Activity: Zuari Maroc released pledge on 4 crore shares after loan repayment, reducing encumbered stake to 2.41%. Stock closed at ₹148.48 in the previous session, down 0.11%.
- Legal: Fined ₹93.59 crore by Customs Goa over urea import classification; company plans legal appeal.
- Dividend: Fixed September 4 as record date for FY26 dividend payout.
Caplin Point Laboratories
- Regulatory: Subsidiary Caplin Steriles received USFDA Form 483 with 10 observations requiring corrective actions. Stock closed at ₹2,560.80 in the previous session, up 1.23%.
Vraj Iron and Steel
- Earnings: FY26 revenue rose 25% to ₹5,966 million, but net profit dropped 29% to ₹295 million due to higher depreciation. Stock closed at ₹121.36 in the previous session, down 0.89%.
- Expansion: Plans value-added product expansion via a new combined manufacturing facility.
Edelweiss Financial Services
- Regulatory: IRDAI warned Edelweiss Life Insurance and banned new branch openings for six months over expense non-compliance. Stock closed at ₹128.68 in the previous session, up 1.63%.
Zee Entertainment
- Fund Raise: Raised ₹659.76 crore by allotting warrants to promoter entity Sunbright Mauritius Investments. Stock closed at ₹107.58 in the previous session, down 0.42%.
- Management: Appointed Ashish Mishra as Chief Marketing Officer to enhance consumer engagement.
NTPC Green Energy
- Order Book: Won 500 MW solar capacity in SECI tender at ₹6.00/kWh, boosting order book to ₹693 crore. Stock closed at ₹91.43 in the previous session, down 0.49%.
GHCL
- Regulatory: NGT dismissed appeals against environmental clearances for its Kutch greenfield soda ash project. Stock closed at ₹442.40 in the previous session, down 0.17%.
Sayaji Hotels
- Regulatory: FSSAI ordered partial license suspension for Indore unit following an inspection. Stock closed at ₹328.00 in the previous session, up 1.75%.
Bottom Line
Infrastructure and renewable energy stocks are gaining traction with major order wins from Powergrid and NTPC Green Energy. However, regulatory headwinds persist across healthcare and media sectors, with firms like Edelweiss and Sayaji Hotels facing compliance checks.
How will Powergrid's expanded ₹2.2 trillion order book influence its capital expenditure cycle and potential dividend payouts in the coming fiscal years?
What are the long-term implications for Choksi Laboratories and Caplin Point Laboratories if they fail to address USFDA observations within the mandated corrective action timelines?
Could the IRDAI's six-month ban on new branch openings for Edelweiss Life Insurance significantly impact its premium growth trajectory and market share recovery?
























