VRIGHT Exchange — Stocks to Watch

Date: Monday, 15 September 2025

Healthcare & Pharma

• Apollo Hospitals will acquire IFC’s 31% stake in Apollo Health & Lifestyle Ltd for ₹1,254 crore, raising its holding to 99.42% (CCI nod awaited).

Deepens control over a high-growth subsidiary and expands retail healthcare play.

• Dr Reddy’s Laboratories: USFDA issued a Form 483 with 5 observations at its Bachupally biologics facility.

Resolution key for biologics pipeline approvals; investors will monitor compliance timeline.

• Jeena Sikho Lifecare: Opened a new 40-bed hospital in Jammu, incorporated a UAE subsidiary in Sharjah Free Zone, and tied up with Salesforce & Quadrafort Tech for digital transformation in ayurvedic healthcare.

Aggressive scale-up combining medical infra, global footprint, and tech partnerships.

• Senores Pharmaceuticals: Completed acquisition of Havix Group Inc. shares via US arm.

Adds overseas revenue visibility.

Energy & Utilities

• Adani Power signed a 25-year PPA with Bihar State Power Generation to supply 2,400 MW from its greenfield Pirpainti plant.
Locks in long-term cash flows; enhances capacity monetization.

• Shakti Pumps won a ₹374 crore order from MSEDCL for 34,720 off-grid solar water pumps under PM-KUSUM B.

Boosts renewable-driven agri irrigation solutions.

• Engineers India bagged a ₹618 crore PMC & EPCM contract for a fertiliser plant in Africa.

Strengthens international order book, execution pipeline of 24 months.

• Rashtriya Chemicals & Fertilisers commissioned its 100 MTPD liquid CO₂ plant at Trombay.

Expands downstream product mix, import substitution play.

• Vedanta (Talwandi Sabo Power) reached settlement with SEPCO to resolve EPC contract disputes.

Removes legacy overhang, clears path for smoother operations.

• Waaree Energies incorporated 3 new subsidiaries.
Likely tied to solar downstream integration.

Financials

• Aditya Birla Capital raised ₹3,400 crore via NCDs, listed on BSE & NSE.

Capital strengthening to support lending growth.

• ICICI Bank received RBI nod to raise stake in ICICI Prudential AMC by 2%.

Enhances control over profitable AMC arm.

• MAS Financial Services converted preference shares to increase holding in housing finance subsidiary.

• Religare Enterprises raised ₹1,500 crore via 6.38 crore warrants at ₹235/share.

• Muthoot Microfin and UGRO Capital to consider NCD issuance on Sept 17.

Sector-wide capital raising reflects strong demand outlook and need for growth capital.

Industrials, Infra & Defence

• GMR Airports: Passenger traffic in August fell 3.5% YoY to 93.5 lakh; domestic flat, international +2.8%. Aircraft movements rose 4.2%.
Mixed trend—stronger intl growth offsetting domestic softness.

• RailTel Corporation won a ₹209.8 crore Bihar order, taking total wins from the council to over ₹600 crore this week.

Execution visibility strengthening in digital infra.

• DCX Systems signed a non-binding MoU with Tamil Nadu govt to set up a defence-electronics unit in partnership with Israel’s ELTA.

Strategic entry into high-tech defence manufacturing.

• ASM Technologies signed an MoU with TN govt to invest ₹250 crore in expanding ESDM design & manufacturing.

Positive for India’s semiconductor ecosystem.

• JK Cement: NCLT approved merger of Toshali Cements.
Adds capacity, streamlines structure.

• Ceigall India emerged as lowest bidder for a ₹468 crore road project.

Healthy infra pipeline visibility.

• Knowledge Marine & Engineering Works to explore fundraising via private placement.

Consumer & Chemicals

• Brainbees (Globalbees) hiked stake in Healthyhey Foods to 79.6% (from 60%).

Consolidation in health & nutrition D2C vertical.

• Himadri Specialty Chemical invested AUD 15 lakh more in Sicona Battery Tech.

Supports global EV battery materials strategy.

• KRBL: Independent director resigned citing governance concerns.
Raises corporate governance red flag.

• Acme Solar terminated acquisition of AK Renewable Infra by mutual agreement.

Deal uncertainty signals shift in strategic priorities.

Shipping & Logistics

• Seamec approved replacement of MV Spider Deck with MV Goodman (HAL Offshore) under ONGC contract; revised monetary capping limit to $50 mn/year.

Operational flexibility with potential revenue impact.

Corporate Actions

• Dividends This Week: Texmaco Rail, Indraprastha Gas, Phoenix Mills, Glenmark Pharma, Aarti Pharmalabs.

• Stock Splits: Zydus Wellness, GHV Infra Projects, Kesar Enterprises.

• Dividend Watchlist: Glenmark Pharma, Dixon Tech, Hindustan Copper.

Trading & Derivatives

• Nifty Sep Futures: +0.42% at 96-pt premium; OI down 2.49% (short covering signal).

• Options (Sept 16 Expiry): Max Call OI at 26,000; Max Put OI at 25,000.

• Securities in Ban: RBL Bank, Oracle Financial Services Software, HFCL.

• ASM Exclusions: BSE, CCL Products, Cochin Shipyard, Data Patterns, Kitex, NDR Auto, Brightcom, Jai Corp, Rishabh Instruments.

Analyst Takeaways

• Healthcare: Apollo-IFC deal and Dr Reddy’s observations are key swing events.

• Infra/Defence: RailTel, Engineers India, DCX, ASM, Ceigall show strong momentum in govt & defence-linked capex.

• Energy/Green Transition: Adani, Shakti, Waaree, RCF highlight continued renewables/utility focus.

• Financials: Broad capital-raising wave—signal of growth optimism but also tighter liquidity.

• Corporate Governance: KRBL resignation raises a red flag; worth close monitoring.