Indian equity markets are expected to remain active today, September 29, as several companies announced key updates and developments that could influence stock movements. Here’s a detailed look at the top stocks in focus:
Tata Motors: The British government has agreed to back Jaguar Land Rover (JLR) with a £1.5 billion loan.
Oil India: The company has reported the occurrence of natural gas in the Andaman shallow offshore block.
Lupin: Subsidiary to acquire eye health player VISUFarma for €190 million.
BEML: Entered a tripartite agreement with Bharat Forge and Data Patterns to bid for the Expression of Interest (EoI) issued by the Aeronautical Development Agency (ADA).
Godrej Agrovet: Signed a non-binding MoU with the government for an investment of ₹960 crore.
Deepak Nitrite: Commissioned a hydrogenation plant with an investment of ₹115 crore.
Indian Railway Finance Corporation (IRFC): Signed three loan agreements worth ₹20,000 crore.
Azad Engineering: Secured a ₹651 crore supply contract from Mitsubishi Heavy Industries.
PG Electroplast: Subsidiary acquired 50 acres of land in Sri City for a ₹1,000 crore capex plan.
Zaggle: Entered into a referral partnership agreement with IDFC First Bank.
Waaree Energies: To acquire a 75% stake in Racemosa Energy for ₹53 crore.
Vascon Engineers: Signed an MoU for a five-year partnership with Adani Infra, aimed at boosting annual revenue by 30%.
Websol Energy: Doubled solar module manufacturing capacity to 1.2 GW at its Falta, West Bengal facility.
Paradeep Phosphates: Commissioned a new 1,500 mtpd sulphuric acid Plant-D at its Odisha unit.
Rossari Biotech: Expanded production capacity by 20,000 mtpa; subsidiary also expanded ethoxylation capacity by 15,000 mtpa.
Dollar Industries: Proposed merger of nine promoter group companies into the listed entity.
Lemon Tree Hotels: Signed a new property in Maharashtra.
Fineotex Chemical: Board approved a stock split in a 1:2 ratio along with a bonus issue of 4 shares for every 1 share held.
Satin Creditcare Network: Sold stressed assets worth ₹266 crore to an asset reconstruction company (ARC) for ₹86 crore.
HDFC Bank: The Dubai branch has been barred from onboarding new clients until further notice.
Hindustan Unilever (HUL): In its Q2 update, the company said consumer business growth is expected to remain flat to low single-digit.
Hikal: Revenue could face potential delays after receiving a warning letter from the US FDA.
VIP Industries: Promoters offloaded 6.2% stake via block deals at an average price of ₹388.2 per share.
PTC India: Three independent directors resigned citing governance concerns.
Godawari Power and Ispat: Reported six deaths and six injuries following an accident at its Siltara unit.
Capacite Infraprojects: Income Tax department is conducting a survey action at the company’s office.
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