Daily Market Update – 24 September 2025

Corporate Actions & Key Announcements

Sudarshan Chemical Industries: Q1 profit jumps 87% YoY to ₹55 cr; revenue up 296% to ₹2,507 cr.

Lemon Tree Hotels: Opens 44-room property in Andhra Pradesh; signs new hotels in Varanasi & Rewa.

Swiggy: Transfers quick commerce to Instamart; divests Rapido stake worth ₹2,399 cr.

Infosys: Extends partnership with Switzerland’s Sunrise for IT transformation and AI initiatives.

Havells India: Launches Lloyd Kolors refrigerators on Flipkart, starting ₹18,990.

Bajaj Electricals: Acquires Morphy Richards brand & IP rights for ₹146 cr in India & neighboring countries.

Poly Medicure: Acquires 90% economic rights in Netherlands-based PendraCare Group.

Torrent Pharma: Gets CCSA nod to acquire controlling stake in JB Chemicals from KKR.

Ceinsys Tech: Secures ₹15.95 cr MMRDA order for GIS software deployment.

Deals, M&A & Leadership Changes

Tech Mahindra (UK): Sells entire 26.42% stake in Surance Ltd.

Torrent Power: Acquires 49% in Newzone India and 100% in Newzone Power Projects for ₹211 cr.

Gandhar Oil Refinery: To terminate JV with Texol Oils FZC, wind up operations.

Puravankara: CFO Deepak Rastogi resigns; Niraj Kumar Gautam appointed CFO.

VIP Industries: Neetu Kashiramka resigns as MD; Atul Jain appointed MD for 5 years.

Project Wins & Expansion

Dilip Buildcon: L-1 bidder for Kerala Industrial Corridor (₹1,115 cr project).

HCLTech: Renews AI-driven digital foundation services deal with European CV manufacturer.

Mazagon Dock: Signs MoU with TN Govt for greenfield shipyard on eastern coast.

Hindustan Foods: Eyes 30% revenue growth through capacity expansion.

Electronics Mart: Opens new multi-brand store in Telangana.

Regulatory & Neutral Updates

Karur Vysya Bank: Disputes IT reopening notices (AY 2020–23), no material impact.

ICICI Bank: Gets ₹15.6 cr tax notice from WB Govt.

Chalet Hotels: Raises ₹100 cr via commercial paper.

Akzo Nobel India: Promoter ICI likely to sell 5% stake via block deals.

Bartronics India: To invest ₹50 cr in Huwel Life Sciences; proposes name change.

Latent View Analytics: H1-B visa fee hike negligible impact.

Stocks in Focus

Swiggy: Instamart restructuring + Rapido stake divestment.

Torrent Power: Strategic acquisitions boosting renewable portfolio.

Bajaj Electricals: Morphy Richards acquisition expands consumer durables reach.

Dilip Buildcon: Infra order win adds visibility to order book.

HCLTech: European contract renewal highlights strength in AI & digital services.

Market Sentiment & Global Cues

Domestic: Nifty and Sensex trade rangebound amid mixed global cues. Banks steady, autos weak, energy stocks supportive.

Global: US Fed commentary hints at data-dependent rate cut path; crude oil above $82/bbl supporting energy stocks.

Currency: INR steady at 83.2/$, helped by strong FPI inflows.

Macro: Govt likely to accelerate infra project clearances ahead of festive quarter.

Ex-Dates & Surveillance

ASM Short-Term: Adani Power, Adani Total, Emkay Global.

Circuit Filters Revised: Shankara Buildings (20%→5%), Emkay Global (20%→10%).

Upcoming Ex-Dividends: Adtech Systems, Evans Electric, SMS Lifesciences, Sunshield Chemicals.

52-Week Lows (BSE 1000)

Praj Inds ₹380.5 | Ramkrishna Forgings ₹560.7 | Route Mobile ₹845.0 | Symphony ₹924.2 | Dreamfolks ₹106.8 | Five-Star ₹524.0 | Crompton ₹305.9 | Pidilite ₹1,493.8

Investor Insights
Companies Giving Highest Dividend in Last 3 Years

(Average Dividend Yield)

Vedanta Ltd – 9.4%

Chennai Petroleum – 8.9%

Indian Oil – 7%–11%

Bharat Petroleum – 3.5%–6.8%

Coal India – 6.5%–6.7%

Hindustan Zinc – 5%

MSTC – 7.7%

D B Corp – 5.4%

Gujarat Pipavav Port – 5.1%

VST Industries – 4.7%

Investor takeaway:

Dividends provide steady cash flows in addition to stock returns, making these counters attractive for long-term income-focused portfolios.

PSU energy & commodity plays (Vedanta, IOCL, BPCL, Coal India, HZL) continue to dominate dividend yield charts.

Investors seeking stability can balance high-growth midcaps with these dividend-rich large caps.