Telecom and EV sectors drive market attention today as Tejas Networks rallies 1.2% on a landmark ₹1,537 crore order win. Hero Motocorp deepens its electric vehicle bet with a ₹1,758 crore stake increase in Ather Energy. Elsewhere, Star Cement slips 1.3% as Q1 profits fall 25% YoY despite volume growth. Here’s what’s moving.

Tejas Networks

• Order Book: Secured a confirmed work order worth ₹1,537 crore from Tata Consultancy Services for BSNL 4G RAN equipment supply. This deal is 4.6x the average quarterly revenue of ₹332.55 crore, significantly boosting the order book after a dry spell. Stock closed at ₹511.15 in the previous session, up 1.21%.
• Financial Health: Recent quarters show severe margin stress with net losses and negative operating profit margins ranging from -25% to -44%. Key risks remain in working capital management given total liabilities/equity of 2.21x and negative free cash flow.

Hero Motocorp

• Deal: Approved a ₹1,758 crore investment to increase its stake in Ather Energy from 29.88% to approximately 32.8%. The transaction includes ₹960 crore via convertible warrants at ₹1,260 each, with completion targeted by September 3, 2026. Stock closed at ₹5,550.00 in the previous session, down 0.80%.
• Corporate Action: Withheld FY26 final dividends for shareholders with incomplete KYC or bank details, following SEBI amendments mandating electronic transfers. Physical share holders must submit ISR forms to KFin Technologies to regularize status.
• Partnership: Backed Euler Motors, which doubled sales and expanded to 112 cities, leveraging Hero’s support for rapid scaling in the electric commercial vehicle segment.

Star Cement

• Earnings: Q1FY27 net profit fell 25% year-on-year to ₹74 crore, down from ₹98 crore. Revenue rose 3% to ₹943 crore on 4% volume growth to 13.54 lakh tonnes, but EBITDA declined 12% to ₹203 crore due to higher fuel and logistics costs. Stock closed at ₹188.68 in the previous session, down 1.30%.
• Regulatory: Clarified it is no longer liable to pay mineral cess following the enactment of the MMDR Amendment Act 2026, removing a specific financial levy.
• Guidance: Expansion plans worth ₹3,080 crore in Rajasthan and Haryana are targeted for completion by FY29.

Great Eastern Shipping Company

• Corporate action: Approved a ₹900 crore share buyback proposal with a maximum price of ₹1,530 per equity share. The buyback represents 4.12% of total paid-up equity capital, with the trading window closed from August 25 to August 29, 2026. Stock closed at ₹1,317.20 in the previous session, down 1.13%.
• Management: Scheduled an investor meet for September 3, 2026, in Mumbai as part of the Elara Capital Conference, complying with SEBI LODR Regulation 30.

Manipal Health Enterprises

• Earnings: Q1FY27 revenue grew 38% year-on-year to ₹3,091 crore driven by volume-led expansion. Network EBITDA rose 26% to ₹749 crore with a 24.2% operating margin, while occupancy rates improved by 290 basis points to 65.0%. Stock closed at ₹797.95 in the previous session, up 0.37%.
• Strategy: Co-CEO outlined a focus on volume-led growth, enhancing operational capacity, and deleveraging the balance sheet. Digital revenue contributed 23% of total income at ₹710 crore.

Dr. Agrawals Eye Hospital

• Product launch: Launched the world’s first PPP Centre in Chennai on August 27, 2026, treating complex corneal disorders without donor tissue. The technique has restored vision to over 5,000 patients globally. Stock closed at ₹5,176.50 in the previous session, down 1.32%.
• Management: More than 50 ophthalmologists receive annual training at the new centre, strengthening clinical capabilities.

FDC

• Regulatory: Delhi High Court granted an interim stay on FSSAI product label notice on August 26, 2026. The order halts enforcement of mislabeling directives and allows eight months to exhaust existing stock with current labels. Stock closed at ₹343.85 in the previous session, down 0.98%.
• Corporate Action: Company states no material adverse impact on financials or operations from the regulatory issue.

Thomas Cook (India) Ltd

• Product launch: Subsidiary Sterling Holiday Resorts launched its 12th property, Sterling Lake View Sattaal, in Uttarakhand. The resort focuses on nature-led guest experiences aligned with the company’s destination architect philosophy.
• Management: Co-chairman reaffirmed commitment to strengthening operational foundations and progressing strategic goals, emphasizing organizational resilience.

Federal-Mogul Goetze (India)

• Corporate action: Declared a total dividend of ₹94 per share, comprising an interim dividend of ₹7.50 and a special dividend of ₹86.50 per equity share.

Bottom Line

The day’s theme is defined by strategic expansion in high-growth sectors: Tejas Networks’ massive order win signals renewed confidence in India’s telecom infrastructure push, while Hero Motocorp’s deepened Ather stake underscores the EV transition’s momentum. Conversely, margin pressures in cyclical sectors like cement highlight the need for cost discipline amidst input cost volatility. Investors should watch how these structural shifts play out against near-term earnings realities.