Indian Stock Market Today (28 Aug 2026): Persistent Surges, Lenskart Block Deal, TCS and Tata Power in Focus

Indian equities remained active on 28 August 2026 as investors tracked a mix of major corporate transactions, brokerage calls, fundraising plans and company-specific developments. Persistent Systems emerged as one of the biggest movers after the Nagarro deal, while Lenskart and Ather Energy saw sizeable block transactions. Technology, telecom, financials and infrastructure stocks also remained in focus through the session.

Persistent Systems Surges After Nagarro Deal

Persistent Systems jumped 31% following the Nagarro deal, with the broader Infotech index also gaining 10%. The sharp move placed the technology company among the day's strongest performers. The market reaction highlights investor interest in the strategic significance of the transaction and its potential impact on Persistent Systems.

Lenskart Sees Massive Block Deal

Lenskart was another major stock in focus after block deals involving around ₹1,856 crore to ₹1,858 crore. One transaction was reported at ₹630 per share, involving approximately 2.9 crore shares. The scale of the transaction made Lenskart one of the most closely watched counters during the session.

Ather Energy Sees ₹1,758 Crore Equity Trades

Ather Energy recorded block transactions involving around 3% of its equity for ₹1,758 crore. The stock also gained during the session, while Hero MotoCorp-related developments remained important for investors tracking the electric two-wheeler space.

Bharti Airtel Gets Strong Morgan Stanley Target

Bharti Airtel remained in focus after Morgan Stanley set a ₹2,440 target and highlighted the potential for average revenue per user to reach ₹350. The stock also saw a ₹50 crore block trade at ₹1,884 per share. The brokerage view adds to expectations surrounding Airtel's revenue and ARPU trajectory.

TCS Moves Higher as Short Covering Supports Stock

TCS gained 3.9% during the session, with F&O short covering cited as a key driver. Analysts, however, continued to see limited upside despite the sharp move. Separately, the company was reported to have reduced Q1 variable pay to 60-70%, with margins facing pressure from continued AI investments.

Vodafone Idea Targets Faster Deleveraging and 5G Expansion

Vodafone Idea outlined a plan to repay ₹49,000 crore of spectrum dues over three years. The company is also targeting three times EBITDA and plans to expand 5G coverage to 450 cities by FY27. The targets put balance-sheet management and network expansion at the centre of the telecom company's strategy.

Fortis Healthcare Gains on IHH Stake Increase

Fortis Healthcare moved higher after IHH indicated plans to increase its stake to 51%, which would give the group control. The development was one of the notable corporate actions in the healthcare sector and added to investor interest in the hospital chain.

Waaree Energy Wins Major Solar Projects

Waaree's businesses continued to report strong activity in the solar segment. A Waaree unit won a 700 MW solar project backed by a 25-year power purchase agreement, while Waaree Renewable Technologies secured another 291 MWp solar project with completion targeted by FY28. Separately, a Directorate of Revenue Intelligence probe involving a Waaree unit and a ₹2.34 crore additional duty payment remained a point of attention.

Acme Solar Bags 300 MW Project

Acme Solar Holdings secured a 300 MW project at a tariff of ₹6 per kWh. The award adds to the pipeline of renewable-energy projects being announced across the sector and keeps solar generation companies in focus as investors assess future capacity additions.

Strong Order Wins Across Infrastructure

Precision Camshafts secured a ₹1,500 crore order and said it is targeting growth in the Indian market. KP Green Engineering also reported ₹258 crore of new orders, taking its FY total to ₹498 crore. OM Power won a ₹12.78 crore order from GETCO, while RPP Infra faced a setback after losing an order worth ₹205.89 crore.

Prestige Estates Unveils ₹1,330 Crore Chennai Project

Prestige Estates announced a ₹1,330 crore project in Chennai, adding another significant development to the company's real estate pipeline. Realty stocks also remained in focus after HSBC reiterated its positive view on several leading names, including Godrej Properties, DLF and Oberoi Realty.

Jindal Steel Gets Brokerage Support

Jindal Steel rallied after target hikes and signs of steel price recovery. Kotak recommended a Buy on JSPL with a ₹1,350 target. The positive brokerage view comes as investors track the outlook for steel pricing and earnings across the domestic metals sector.

Banking and Financial Stocks Remain Active

SBI said its ₹5 lakh crore loan pipeline includes opportunities in renewable energy and data centres, while the bank continues to target a 3% net interest margin by FY27. ICICI Bank saw a ₹40.91 crore NSE block trade at ₹1,424.20 per share, while Capri Global recorded large block transactions and received a ₹316 target from DRChoksey with a Buy rating.

Market Outlook

The day's news flow showed strong activity across technology, telecom, renewable energy, infrastructure and financial services. Persistent Systems' sharp post-deal rally, large Lenskart and Ather Energy block transactions, Airtel's favourable brokerage outlook and major renewable-energy orders were among the strongest positive themes. At the same time, TCS's margin pressure, Vodafone Idea's large spectrum obligations, the Waaree regulatory development and RPP Infra's lost order highlight the company-specific risks investors continue to face. With several major corporate actions unfolding simultaneously, stock-specific developments are likely to remain important for market direction.