Overview

• HDFC Bank’s first-ever 1:1 bonus issue has a record date of August 26, positioning today as the last trading day to qualify under T+1 settlement.
• Exchanges list a cluster of upcoming bonus issues, including Karur Vysya Bank’s 1:5 on August 26, Godfrey Phillips India’s 2:1 on September 16, and Shilpa Medicare’s 1:1 on October 3.
• Osia Hyper Retail won board approval to lift authorized capital to ₹500 crore and outlined funding via a QIP of up to ₹200 crore, a ₹100 crore preferential issue, and about ₹350 crore in convertible warrants.
• Primary markets heat up with 10 IPOs opening between August 25 and 29, featuring two mainboard offers (Enlon Healthcare, Vikran Engineering) and multiple SME listings such as NIS Management and Current Infraprojects.
• Fresh research cues guide stock moves, with JM Financial issuing a BUY on Eureka Forbes at a ₹715 target and Choice Broking assigning DCX Systems a Reduce rating with a ₹275 target, while Ya Wealth flagged five trading ideas post Fed commentary.