Corporate Updates & Launches

Lemon Tree Hotels: Launches 44-room property in Andhra Pradesh; also signs new properties in Varanasi and Rewa.

Swiggy: Board approves transfer of quick commerce operations to Swiggy Instamart; divests Rapido holdings in two transactions worth a combined Rs 2,399 crore.

Infosys: Extends strategic collaboration with Switzerland’s Sunrise to accelerate IT transformation and AI initiatives.

Havells India: Lloyd Kolors refrigerators now available on Flipkart and other channels from Rs 18,990.

Bajaj Electricals: Board approves acquisition of Morphy Richards brand and IP rights for Rs 146 crore in India & neighboring territories.

Schloss Bangalore: Renamed to Leela Palaces Hotels & Resorts.

Poly Medicure: Acquires 90% of economic rights in PendraCare Group via step-down subsidiaries.

Torrent Pharmaceuticals: Secures CCSA approval for controlling stake acquisition in JB Chemicals & Pharmaceuticals from KKR.

Ceinsys Tech: Receives Rs 15.95 crore MMRDA order for ESRI ArcGIS Enterprise Software over 4 years.

Strategic Deals / Acquisitions

Tech Mahindra London: Divests entire 26.42% stake in Surance Limited.

Torrent Power: Acquires 49% stake in Newzone India and 100% stake in Newzone Power Projects for Rs 211 crore.

Gandhar Oil Refinery: Plans to terminate joint venture Texol Oils FZC and wind up operations.

Puravankara: Deepak Rastogi resigns as CFO; Niraj Kumar Gautam elevated to CFO from Sept 24.

VIP Industries: Neetu Kashiramka resigns as MD; Atul Jain appointed MD for 5 years, effective Sept 23.

Major Project Wins

Dilip Buildcon: L-1 bidder for Kerala Industrial Corridor project worth Rs 1,115.37 crore via DBL-PSP JV.

HCL Technologies: Renews AI-powered digital foundation services agreement with Sweden-based commercial vehicle manufacturer.

Mazagon Dock: Signs MoU with Tamil Nadu government to develop greenfield shipyard on eastern coast.

Sector Highlights

Hindustan Foods: Expands footprint; expects 30% revenue growth.

Electronics Mart: Opens multi-brand store in Telangana.

Wheels India: HDFC Mutual Fund purchases 1.27 lakh shares at Rs 809 per share.

Tata Investment: Tata Capital IPO expected to open 6–8 Oct 2025.

Minda Corp: Targets Rs 17,500 crore revenue by FY30, 25%+ EBITDA margin, near debt-free.

Havells India: Launches Lloyd Kolors refrigerators on Flipkart, expanding reach.

Neutral / Regulatory Updates

Karur Vysya Bank: Challenges IT reopening notices (AY 2020–23); no material impact expected.

Chalet Hotels: Allots Rs 100 crore commercial paper via private placement.

Bartronics India: Approves Rs 50 crore strategic investment in Huwel Life Sciences; plans name change and new subsidiary.

Latent View Analytics: H-1B visa fee hike to have negligible impact.

ICICI Bank: Receives Rs 15.6 crore tax show-cause notice from West Bengal.

Emami Paper Mills: Calcutta HC extends interim stay on arbitration till Dec 24.

Greenhitech Ventures: Opens new sustainable corporate office in Noida.

Sammaan Capital: Plutus Wealth sells 1.16 crore shares at Rs 137.26 each.

Akzo Nobel India: Promoter Imperial Chemical Industries likely to sell up to 5% stake via block deals.

Swiggy: Transfers quick commerce business to Swiggy Instamart.

VIP Industries: Leadership change – Atul Jain appointed MD.

Stocks to Watch

Swiggy: Sale of Rapido holdings; Instamart transfer approved.

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

Dilip Buildcon: L-1 bidder for Kerala Industrial Corridor project.

HCL Technologies: Multi-year renewal for AI-powered services.

Torrent Power: Acquires Newzone India & Power Projects for Rs 211 crore.

Bajaj Electricals: Acquires Morphy Richards for Rs 146 crore.

Ex-Dates / ASM / Circuit Filters

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

Circuit Filter Changes: Shankara Buildings (20% → 5%), Emkay Global (20% → 10%).

Upcoming Ex-Dates:

Adtech Systems Ltd: Rs 1/sh dividend

Evans Electric Ltd: Rs 1.50/sh final dividend

Shankara Building: Spin-off

SMS Lifesciences: Rs 1.50/sh final dividend

Sunshield Chemicals: Right Issue of Equity Shares

52-Week Lows (BSE 1000)

Praj Industries ₹380.5 | Ramkrishna Forgings ₹560.7 | Route Mobile ₹845.0 | Symphony ₹924.2 | Time Technoplast ₹238.6 | VPRPL ₹104.2 | Barbeque Nation ₹234.9 | Crompton ₹305.9 | Dreamfolks ₹106.8 | Five-Star ₹524.0 | Panama Petro ₹291.0 | Pidilite ₹1,493.8