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Stocks to watch: Shares of firms like Tata Steel, Polycab, Lupin, Waaree Energies, Adani Group, and others will be in focus on Wednesday’s trade
Stocks to Watch
Markets traded under pressure on Wednesday and ended lower, extending their recent losing streak amid global and domestic headwinds. Technically, after four consecutive sessions of decline, the Nifty tested its first line of support at the 20-DEMA around the 25,040 level, dragged down by persistent underperformance in private banks and IT majors. Profit-taking in auto, energy, and metals further added to the weakness.
Analysts said a temporary breather cannot be ruled out, with immediate support seen around 24,900–25,000. However, the upside is likely to remain capped until private banks and IT stocks show signs of recovery.
Stocks in Focus
- Polycab India: Promoters are expected to sell 1.2 million shares through a block deal at a floor price of Rs 7,300 apiece, valuing the transaction at Rs 880 crore.
- Waaree Energies: The company invested Rs 300 crore in Waaree Energy Storage Solutions Pvt Ltd, its subsidiary, via a rights issue.
- Tata Steel: Invested Rs 4,054.66 crore in overseas unit T Steel Holdings Pte. Ltd by acquiring 4,577 crore shares.
- Coromandel International: Signed an agreement with Veolia Water Technologies and Solutions (India) to expand its seawater desalination capacity from 6 MLD to 9 MLD.
- Akzo Nobel India: Goldman Sachs, Morgan Stanley, and others acquired a 5% stake worth nearly Rs 765 crore through open-market deals on Wednesday.
- Lupin: Received tentative USFDA approval for its generic version of Bictegravir, Emtricitabine, and Tenofovir Alafenamide tablets for HIV treatment.
- Glenmark Pharma: Subsidiary Glenmark Specialty SA signed an exclusive licensing deal with China’s Hengrui Pharma for cancer drug Trastuzumab Rezetecan.
- Dr Reddy’s Laboratories: Along with Hetero Labs, will sell low-cost generic versions of a new HIV prevention drug for about $40 annually from 2027.
- Poly Medicure: In the process of fully acquiring Italy-based Citieffe Group at an enterprise value of Rs 324 crore (EUR 31 million).
- Capri Global Capital: Plans to raise Rs 6,500 crore ($732.9 million) this fiscal through a mix of bonds and loans, according to a company executive.
- Adani Group: Gautam Adani pledged tighter governance across his conglomerate after SEBI dismissed allegations of fraud and stock manipulation raised by Hindenburg Research nearly three years ago.
- Reliance Industries: Reliance Consumer Products to set up an integrated manufacturing facility in Tamil Nadu with an investment of Rs 1,156 crore, joining FMCG peers like GCPL, Dabur, and PepsiCo India.
- SEPC: Secured a purchase order worth Rs 751.98 crore from Gefos Solutions for supplying construction materials for four infrastructure projects.
- Newgen Software: Its UK subsidiary signed a five-year master services agreement with TCS NV, Belgium, covering cloud hosting, licensing, and implementation services.
Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More
September 25, 2025, 08:12 IST
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