Let's catch up on the latest news from the stock market. From significant investments to major deals, order wins, appointments, and acquisitions, here’s a quick look at which stocks will be in focus in today's trade:
Sudarshan Chemical Industries Q1 (Consolidated YoY)
Profit soars 87% to Rs 55 crore Vs Rs 29.4 crore
Revenue zooms 296% to Rs 2,506.9 crore Vs Rs 633.6 crore
Stocks to Watch
The Board has approved the sale of 10 equity shares and 1,63,990 Series D Compulsorily Convertible Preference Shares (CCPS) held by the company in Roppen Transportation Services (Rapido) to Netherlands-based MIH Investments One B.V. (owned by the Prosus group), for Rs 1,968 crore. MIH India Food Holdings B.V. is a public shareholder in Swiggy, holding a 23.31% stake as of June 2025.
Further, the Board approved the sale of 35,958 Series D CCPS held by the company in Rapido to Setu AIF Trust (part of WestBridge Capital), for Rs 431.5 crore.
Additionally, the Board approved the sale and transfer of the company’s quick commerce business under the brand Instamart to Swiggy Instamart, an indirect step-down wholly-owned subsidiary of the company, as a going concern through a slump sale.
Promoter Imperial Chemical Industries is likely to sell up to a 5% stake in Akzo Nobel via block deals, with an offer size of Rs 742.7 crore and a floor price of Rs 3,261.8 per share, reports CNBC-TV18 quoting sources.
The company, through DBL-PSP JV, has been declared as L-1 bidder for the project worth Rs 1,115.37 crore by the Kerala Industrial Corridor Development Corporation. The project involves design, construction, testing, commissioning, and operation & maintenance of infrastructure works at Pudussery Central & Kannambra of Palakkad Node in Kerala on an EPC basis.
The global technology company has renewed its long-standing digital transformation agreement with the Sweden-based commercial vehicle manufacturer, for AI-powered digital foundation services.
The company has acquired 11.95 lakh equity shares (49% stake) of Newzone India (NZIPL) and 30 lakh equity shares (100% stake) of Newzone Power Projects (NZPPPL), the holding company of NZIPL, from the Sarawagi Family and related HUFs for Rs 211 crore. NZPPPL already holds a 51% stake in NZIPL.
The Board has approved the acquisition of the ‘Morphy Richards’ brand and related intellectual property rights for Rs 146 crore in the territories of India, Nepal, Bhutan, Bangladesh, the Maldives, and Sri Lanka, from Glen Electric (part of the Glen Dimplex Group, Ireland).
Deepak Rastogi has resigned as Group CFO and Key Managerial Personnel of the company, effective September 23.
Further, Niraj Kumar Gautam has been elevated from the position of Deputy CFO to CFO of the company, effective September 24.
Neetu Kashiramka has resigned as Managing Director (MD) of the company, effective September 23, and will continue in the employment of the company until October 31, 2025. However, the Board has appointed Atul Jain as MD, effective September 23, for a period of 5 consecutive years.
The company intends to terminate all existing licenses of the joint venture company Texol Oils FZC and the joint venture agreement entered into with the joint venture partner ESPE Oils FZC, and to close/wind up the joint venture company Texol Oils FZC.
The company, as a corporate shareholder, holds 50% shares of Texol Oils FZC, which had received a commercial license from the Hamriyah Free Zone Authority, Sharjah.
The company, through its subsidiary RisoR Holdings B.V. in the Netherlands, has completed the acquisition of ordinary shares of Pendracare Holdings B.V. and Wellinq Medical B.V. (PendraCare Group).
With this, the company now owns 90% of the economic rights in the PendraCare Group, and both the companies – Wellinq Medical B.V. and PendraCare Holding B.V. – now become step-down subsidiaries of Poly Medicure.
The Competition Commission of South Africa has granted its approval for the acquisition of a controlling stake in JB Chemicals & Pharmaceuticals from KKR by the company.
The company has signed two new properties – Keys Prima by Lemon Tree Hotels, Varanasi, and Keys Select by Lemon Tree Hotels, Rewa.
Ceinsys Tech has received a Letter of Award (LoA) from the Mumbai Metropolitan Region Development Authority (MMRDA) for the appointment of an agency for upgradation and procurement of ESRI ArcGIS Software Products Enterprise Agreement.
The order, worth Rs 15.95 crore, is for 4 years, including license delivery and operation & maintenance support after license activation.
Bulk Deals
Plutus Wealth Management sold 1.16 crore shares in the company (1.4% stake) at Rs 137.26 per share, valued at Rs 159.2 crore.
Parth Electricals & Engineering
India Max Investment Fund offloaded 1 lakh shares in Parth Electricals & Engineering at Rs 225 per share.
HDFC Mutual Fund acquired 1,27,940 shares in Wheels India at Rs 809 per share.
Block Deals
Sponsor Rapid Holdings 2, which is a part of Brookfield Asset Management, offloaded 3.61 crore units (equivalent to 5.4% stake) in Energy Infrastructure Trust at Rs 82 per unit, amounting to Rs 296.43 crore. This was in addition to the 25.4% stake sold last week by the sponsor for Rs 1,382.7 crore.
The said 5.4 percent units were bought by Neo Infra Income Opportunities Fund, B Arunkumar Capital & Credit Services, Pico Capital, and Neo Wealth Partners.
NDR INVIT Trust
Infra India Opportunities Parent sold 2.64 crore units (6.68% stake) in the InvIT at Rs 115 per unit, for Rs 304.2 crore to several investors including Tara Institutional India Alpha, Star Union Dai-Ichi Life Insurance Company, Tara Emerging Asia Liquid Fund, and Valuequest Investment Advisors.
Ace investor Radhakishan Damani acquired 87 lakh units in the InvIT at the same price for Rs 100.05 crore, while Nishtha Jhunjhunwala Discretionary Trust, Aryavir Jhunjhunwala Discretionary Trust, and Aryaman Jhunjhunwala Discretionary Trust bought 86.75 lakh units for Rs 99.76 crore.
Mainboard Listing on September 24
VMS TMT
SME Listing on September 24
Sampat Aluminium
Stocks Trade Ex-Dividend
Shraddha Prime Projects
SMS Lifesciences India
Stock Trades Ex-Date For Spin Off
Shankara Building Products
Stock Trades Ex-Date For Rights
Sunshield Chemicals
Stocks in F&O ban
HFCL
RBL Bank
Sammaan Capital
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