Stocks to Watch – 25 September 2025

Corporate Announcements

Glenmark Pharma: Arm Glenmark Specialty signs exclusive licensing pact with Hengrui Pharma for Trastuzumab Rezetecan (SHR-A1811), a HER2-targeting antibody drug conjugate.

Newgen Software: Subsidiary signs a five-year Master Service Agreement with TCS N.V. worth €4.22 mn (~₹44 crore).

Arisinfra Solutions: Approves incorporation of five wholly owned subsidiaries in Mumbai.

Max India: Allots 36 lakh fully convertible warrants at ₹222/sh, raising ₹80 crore.

P N Gadgil Jewellers: Opens new store in Kolhapur; total store count reaches 60.

Kingfa Science & Tech (India): Allots 14 lakh shares at ₹3,470/sh, aggregating ~₹500 crore.

TGV Sraac: Expands solar capacity by 5 MW; total renewable power at 50.4 MW.

Eimco Elecon: Promoter Tamrock Great Britain to exercise oversubscription option of 7 lakh shares in addition to base offer.

Camlin Fine Sciences: Board to meet Sept 29 to consider preferential equity issuance.

Lupin: Receives tentative USFDA approval for Bictegravir, Emtricitabine & Tenofovir Alafenamide tablets for HIV treatment.

IPCA Labs: Tech transfer pact with Biosimilar Sciences USA for monoclonal antibody biosimilar, strengthening Puerto Rico’s biotech hub.

Sterlite Tech: Launches advanced Unitube Single Jacket Indoor Optical Fibre Cable using Multi-Core Fiber (MCF) tech at Connected Britain 2025.

SMC Global Securities: Approves 1:1 bonus share issue.

Hubtown: Converts 2.5 lakh CCDs into equal equity shares.

Quality Power Tools: Subsidiary ties up with Hyosung T&D India for gas-insulated switchgear instrument transformers.

Allcargo Gati: NCLT reserves orders on scheme of arrangement with Allcargo Logistics units.

Dalmia Bharat: Subsidiary faces ₹793.34 crore attachment confirmed by PMLA authority.

Apollo Hospitals: CCI approves composite scheme of arrangement involving Apollo Healthco & Keimed; assets to be transferred to Apollo Healthtech.

Ethos: Opens its 83rd exclusive watch boutique at Nexus Mall, Hyderabad.

REC Ltd: Subsidiary signs Share Purchase Agreement to transfer Davanagere Power Transmission to Power Grid.

Panacea Biotec: Subsidiary launches baby skincare brand NikoMom and IMS brand Staart Prime in India.

Algoquant Fintech: To invest ₹1.3 crore in subsidiary via rights issue.

Birla Corporation: Subsidiary declared preferred bidder for Kanpa-Junapani limestone block in Telangana.

Tata Steel: Acquires 457.7 crore shares of Tata Steel Holdings Pte for ₹4,054.7 crore.

TBO Tek: Partners with Amadeus South Asia for AI-driven travel platform.

NTPC (THDC arm): Commissions Unit II of Khurja STPP; total NTPC capacity rises to 83,696 MW.

CRISIL: Approves acquisition of McKinsey’s PriceMetrix for $38 mn.

Wipro: Subsidiary Grove Holdings 2 transfers entire stake in Capco Consulting ME FZE to Wipro IT Services UK as part of group structure simplification.

Gujarat Pipavav Port: Wins ONGC contract for 5 years of port & storage facilities from Oct 1.

Veedol Corporation: Launches new fully synthetic engine oils SwiftPower & SynthGlide for India; eyes exports.

Torrent Pharma: Issues ₹200 crore unsecured CPs for 90 days at 5.93% p.a.

Polycab India: Promoter to sell 1.2 mn shares (~₹880 crore) at ₹7,300/sh, a 3% discount to CMP.

Power Grid: Acquires Davanagere Power Transmission for ₹6.5 crore under TBCB route.

Amic Forging: To raise up to ₹50 crore via QIP.

Spice Lounge: Approves $5 mn investment in subsidiary Teksoft Systems.

Fineotex Chemical: Board to meet Sept 27 to consider interim dividend, stock split & bonus issue.

IFB Industries: Singapore subsidiary to set up facility in Europe.

Waaree Energies: Invests ₹300 crore in subsidiary Waaree Energy Storage Solutions via rights issue.

Insolation Energy: Incorporates GNPR Green Infra as SPV for solar projects.

Aarti Drugs: Highlights consistent payouts – distributed ₹278 crore via dividend & buyback over 7 years; maintains 15–30% payout ratio.

Bank of Baroda: Gift City branch receives IFSCA approval to conduct bullion trading.

Newgen Software: Wins purchase order worth ₹21.24 crore from Kshema General Insurance.

Trading & Regulatory Updates

ASM Framework:

Shortlisted (Stage I): GMDC

Excluded: Emkay Global Financial, HBL Engineering, Knowledge Marine, MSP Steel & Power

Anchor Lock-in Expiry: EllenBarrie Industrial Gases (2%), Kalpataru (4%), Globe Civil Projects (4%)

F&O Cues

Nifty Sept Futures: Down 0.57%, premium at 57 pts; OI down 1.03%.

Nifty Options (30 Sept Expiry): Max Call OI – 26,000 | Max Put OI – 25,000.

Ban List: RBL Bank, Sammaan Capital, HFCL.

Put-Call Ratio: Declines to 0.87 (prev. 0.97) – indicates rising put selling, hinting at firming bullish sentiment.