Top News

September 17 stocks to keep an eye on: Monday’s modest gain on Friday was maintained as domestic markets continued their drab Friday performance. Due to a number of news events, shares of Tata Steel, Torrent Power, TVS Motor, JK Tyre, and Firstsource, among others, will be the subject of attention in today’s trading.

Tata Steel: The firm said on Monday that with the phase-II expansion of its Kalinganagar facility, which would increase annual production from 3 million tonnes to 8 million tonnes, Odisha will become the business’s top investment destination.

TVS Motor: At a starting price of Rs 2.75 lakh, TVS Motor unveiled the new TVS Apache RR 310.

Mahindra & Mahindra: With the Veero small commercial vehicle (SCV), M&M hopes to take share of the market for SCVs weighing less than 3.5 tons. Built on the new Urban Prosper Platform (UPP), the Veero is available in diesel and CNG versions, with an electric version scheduled for release in the future. The entry-level model costs Rs 7.99 lakh. By 2030, the business plans to add seven additional models to its lineup of light commercial vehicles (LCVs).

Life Insurance Corporation: As part of its Digital Innovation and Value Enhancement (DIVE) strategy, LIC has teamed up with Infosys to create a cutting-edge digital platform. The insurer’s digital infrastructure will be improved and new high-value business apps supported by this platform.

Adani Wilmar, Adani Enterprises: In order to comply with Indian shareholding laws, Adani Enterprises and Wilmar International want to sell a thirteen percent interest in their publicly traded consumer joint venture, Adani Wilmar. With this deal, which is estimated to be worth $736 million, their total ownership will drop from around 88% to 75% by February.

Trent, Bajaj Finserv, and Bajaj Housing Finance: There is conjecture that Bajaj Finserv may be removed from the Sensex index in the next rebalance, given Bajaj Housing Finance’s triumphant stock market launch. Analysts predict that Trent, a fashion store affiliated with the Tata group, may displace Bajaj Finserv. Changes are anticipated to be disclosed in November after the Sensex rebalancing review period finishes on October 31.

Adani Energy Solutions: In contrast to a recent statement made by a presidential adviser claiming that Adani and another company had already secured deals worth up to $1.3 billion, Kenya Electricity Transmission Co. (Ketraco) is currently in negotiations with Adani Energy Solutions regarding the construction of three high-voltage transmission lines. The project’s original estimated cost of $1.01 billion has been reduced down to $736.5 million. CEO John Mativo underlined that Ketraco is trying to get the best terms for Kenya and that the contract is still being discussed.

Vedanta: Vedanta stated that heavy rains caused a water storage facility at its Lanjigarh aluminum plant in Odisha to overflow. Despite the fact that the breach affected agricultural regions, no people were hurt and no animals were lost. According to the firm, neither red mud storage facilities nor refinery activities have been harmed.

Bharat Forge, Kalyani Forge: As part of a “misinformation campaign,” Baba Kalyani, the 75-year-old billionaire and patriarch of the Kalyani Group, which ran Bharat Forge, recently rejected the assertions of his younger brother Gaurishankar about a purported second will from their late mother Sulochana. The prominent businessman Baba Kalyani continues to lead the Kalyani Group, and his 70-year-old son Gaurishankar is a non-executive director of Kalyani Forge.

IPOs today: SPP Polymer (SME), Trafiksol ITS Technologies (SME), and P N Gadgil Jewellers (Mainline) will all list on the exchanges.

Strides Pharma: The US FDA has approved the company’s division, Strides Pharma Global Pte. Ltd., to market generic 60-milligram fluoxetine pills. The company’s puducherry factory will produce the tablets.

Reliance Power: The Solar Energy Corporation of India (SECI) has awarded Reliance Power a substantial contract for a 500 MW/1000 MWh battery energy storage system (BESS). This agreement, which is a component of a bigger procurement for 1000 MW/2000 MWh, would help India integrate renewable energy sources into the grid and improve the country’s energy storage capacity.

Bharat Petroleum Corporation: Due to BPCL’s failure to install vapour recovery systems at 28 storage terminals, the Central Pollution Control Board (CPCB) has issued a show cause notice. Should BPCL fail to provide a suitable answer by September 19, the CPCB has the authority to levy an environmental compensation of Rs 1 crore. The Supreme Court has previously granted BPCL a stay with respect to orders of a similar kind.

Reliance Infrastructure: Reliance Infrastructure is thinking about using equity shares, equity-linked instruments, or other means to raise long-term capital. On September 19, there will be a board meeting to consider the issue price. Through a preferred offer, the business had earlier raised Rs 550 crore in July 2021.

Poly Medicure: Following its Rs 1,000 crore institutional investment, Poly Medicure is investigating capital expenditures and acquisitions. A further Rs 250 crore has been set aside for general business reasons and another Rs 250 crore for technological purchases. By the end of 2025–2026, the corporation intends to invest in new capital projects.