Top Stocks to Watch on August 29: RIL, NTPC, ICICI Bank, Paytm, CG Power, Hexaware Technologies, and Muthoot Finance

Reliance Industries, NTPC, ICICI Bank, Paytm, CG Power, Hexaware Technologies, and Muthoot Finance are among the top stocks to watch today. Reliance Industries' Annual General Meeting is scheduled for today, while NTPC has approved the Revised Cost Estimate-I for the Rammam-III HEPP project and ICICI Bank has accepted the early retirement request of its Group Chief Compliance Officer.

Reliance Industries

Reliance Industries (RIL) is set to hold its 48th Annual General Meeting (AGM) today, with shareholders eagerly awaiting Chairman Mukesh Ambani's address. The company's share price has gained 12% in 2025, significantly outperforming the benchmark Nifty 50's 4.5% rise. Despite this rally, analysts maintain a positive outlook on the stock, citing attractive valuations and potential catalysts such as updates on the long-awaited IPO of its telecom arm Jio and the company's AI strategy [1].

NTPC

NTPC has approved the Revised Cost Estimate-I for the Rammam-III HEPP project, with the estimated cost revised from Rs 1,382 crore to Rs 2,865.56 crore. This significant increase, more than doubling the original estimate, reflects the project's complexity and the rising costs of hydroelectric power projects [2].

ICICI Bank

ICICI Bank has accepted the early retirement request of its Group Chief Compliance Officer, marking a significant change in the bank's compliance structure. The bank has been focusing on strengthening its compliance framework, and this move could signal further reforms in the area [3].

Other Top Stocks

- Paytm: The digital payments company continues to attract investor interest, with recent developments in its financial health and strategic partnerships.
- CG Power: This power generation company has been in the spotlight for its expansion plans and potential for growth in the renewable energy sector.
- Hexaware Technologies: The IT services provider has been gaining attention for its performance in the digital transformation space.
- Muthoot Finance: This financial services company has been making strides in the fintech sector, with a focus on digital banking and financial inclusion.

Investors are advised to stay updated on these developments and monitor the companies' financial performance and strategic initiatives. The market sentiment is likely to be influenced by the announcements made during today's AGM and other significant events.

References:
- [1] https://www.livemint.com/market/stock-market-news/reliance-share-price-to-be-in-focus-ahead-of-agm-should-you-buy-reliance-agm-mukesh-ambani-ril-share-price-ril-agm-11756267861321.html
- [2] https://www.energywatch.in/
- [3] https://www.icicibank.com/