Moneylife’s market breadth indicators maintained their position of emerging strength territory this week. The trends of the major indices in the course of the week's trading are given in the table below:
News
JSW Energy crossed the 15GW (gigawatt) installed generation capacity milestone after commissioning 1,572MW (megawatt) since April 2026, raising total operational capacity to 15,025MW. The expansion includes 1,272MW of renewable capacity (solar, wind, hybrid, hydro) and 300MW of inorganic thermal capacity, with renewable energy comprising over 60% of the portfolio. The company is on track to meet its 3GW greenfield capacity addition target for FY26-27.
Acutaas Chemicals inaugurated a new state-of-the-art pilot plant at unit-1, Sachin, Surat, enhancing its research & development (R&D) capabilities for developing and scaling highly potent pharmaceutical intermediates. The facility features occupational exposure band 4 containment, advancing innovation and compliance with industry standards.
Adani group stocks came under heavy selling pressure on Monday. The selling came amid MSCI’s latest index reshuffle and changes in stock weightages which triggered significant portfolio rebalancing by passive and index-tracking funds. Adani Energy Solutions, despite being set to receive substantial MSCI-related inflows, also witnessed sharp volatility during the session.
Zydus Lifesciences completed the positive EVIDENCES-X™ Phase II(b) trial for Saroglitazar Magnesium in MASH patients, achieving primary endpoint and demonstrating significant liver health improvements.
Coforge introduced an artificial intelligence (AI) adoption fabric to assist enterprises in scaling AI agentic development, integrating change management frameworks for workforce readiness and governance.
Tata Power Renewable Energy commissioned a 100MW group captive solar project in Tamil Nadu, deploying flexible terrain single-axis tracker technology, expected to generate 240.63mn (million) units annually.
Steel Strips Wheels reported its highest-ever August net turnover at ₹592.92 crore, up 53.62% year-on-year (y-o-y). Gross turnover stood at ₹687.51 crore, up 44.72% y-o-y. Aluminium products value grew 73% y-o-y, exports rose 63%, while two-wheeler (2W)/three-wheeler (3W) and truck value increased 61% and 53%, respectively.
Savita Oil Technologies’ shareholders approved all six resolutions at the 65th annual general meeting (AGM) held on 31st August. The company declared a 250% dividend of ₹5 per share for FY25-26. Siddharth G Mehra was re-appointed as director and appointed joint managing director, while Ajay Reche was appointed whole-time director.
Flair Writing Industries invested ₹100.01 crore in its wholly-owned subsidiary, Flair Writing Equipments, through a rights issue. It subscribed to 3,415 shares at ₹2,92,845 per share. The subsidiary had reported consolidated turnover of ₹270.95 crore in FY25-26, with the investment aimed at debt repayment and reducing finance costs.
Wipro renewed its digital workplace services contract with ABB. The engagement was expanded to include AI-powered workplace services, automation, predictive support and GenAI-enabled self-service capabilities. Wipro was also set to support endpoint security and device lifecycle management.
Vishal Mega Mart’s subsidiary, Airplaza Retail Holdings, was penalised ₹0.03 crore for a food-safety violation at its Metpally store. The penalty followed an inspection in May 2026 in which a redgram sample failed to meet food-safety requirements. The company said the financial impact was limited to the penalty and planned to recover the amount from the manufacturer.
Delta Corp received notice from the Supreme Court on its plea seeking a licence for electronic amusement games and slot machines at The Deltin in Daman. The matter was listed for hearing on 1 October 2026. A favourable outcome could have opened an additional gaming revenue stream, subject to the final ruling.
Pidilite Industries received a ₹0.10 crore penalty order from the Central goods and services tax (GST) & Centralexcise authorities in Bihar for FY20-21. The company said it was reviewing the order and evaluating its right to appeal. It stated that the development was not expected to materially impact its operations or financial position.
TVS Motor reported total sales of 6,16,540 units in August, up 21% y-o-y. Two-wheeler sales rose 21% to 591,437 units, while electric 2W sales jumped 137% to 59,453 units. International sales increased 29% and 3W sales rose 34% y-o-y.
Ashok Leyland reported total domestic and export sales of 21,038 vehicles in August, up 38% y-o-y. Domestic sales increased 43% to 19,438 units, while medium and heavy commercial vehicle (M&HCV) truck sales rose 60% to 10,748 units. Light commercial vehicle (LCV) sales grew 25% to 7,319 units, while cumulative sales increased 20% y-o-y to 89,391 units.
Eicher Motors’ subsidiary, VECV, reported total August sales of 8,434 units, up 17.7% y-o-y. Domestic truck and bus sales rose 19.8% to 7,584 units, while exports declined 2.5% to 578 units. Volvo truck and bus sales increased 11.9% to 272 units, with FY26-27 sales up 15.6% to 41,490 units. It reported August motorcycle sales of 126,479 units, up 11% y-o-y. Sales of motorcycles up to 350cc increased 15% to 113,143 units, while models above 350cc declined 13% to 13,336 units. International sales rose 10% to 12,275 units.
Atul Auto reported total 3W sales of 4,012 units in August, up 32.58% y-o-y. Domestic sales rose 31.14% to 3,411 units, while internal combustion (IC)-engine 3W sales increased 46.01% to 3,386 units. Electric vehicle (EV) sales declined 11.46% to 626 units.
Force Motors reported total domestic and export sales of 3,802 units in August, up 58.22% y-o-y. Domestic sales jumped 62.14% to 3,721 units, while exports declined 25% to 81 units. Strong domestic volumes drove the overall growth.
Maruti Suzuki reported total August sales of 219,220 units. Domestic sales stood at 180,078 units, while exports came in at 33,844 units and original equipment manufacturer (OEM) sales at 5,298 units. Total FY26-27 sales crossed the 1mn unit mark in the first five months.
Tata Motors reported August commercial vehicle (CV) sales of 44,411 units, up 49% y-o-y. Domestic CV sales rose 33% to 36,619 units, while international sales surged 227% to 7,792 units. Heavy commercial vehicle (HCV) truck sales increased 42% to 10,612 units and small commercial vehicle (SCV) cargo/pickup sales rose 34% to 14,447 units.
Aurobindo Pharma incorporated wholly-owned subsidiary Avogent Lifesciences through Apitoria Pharma. The new entity was set up with ₹5 crore of paid-up capital and was intended to undertake pharmaceuticals manufacturing and marketing in India and overseas. No turnover was available as the subsidiary was newly incorporated.
Jubilant Pharmova received a show-cause notice of GST, interest and penalty of ₹87.31 crore for FY22-23. The demand included ₹33.58 crore in GST, ₹20.15 crore in interest and ₹33.58 crore in penalty. The company said it planned to contest the notice and expected no financial or operational impact.
Tata Elxsi entered into an MoU (memorandum of understanding) with Sarla Aviation to support the development of Shunya, an indigenous electric aircraft. Tata Elxsi was set to provide engineering support across avionics, flight controls, software integration, testing and certification. The partnership also covered navigation software and structural design.
Sun Pharmaceutical Industries participated in a White House ceremony focused on medicines pricing and access in US. The company committed to extending most favoured nation pricing to state Medicaid programmes and future innovative medicine launches. The agreement also involved a delay in Section 232 tariffs on innovative pharmaceuticals products for over two years.
Fortis Healthcare was directed by the Delhi High Court to undergo a forensic audit concerning the reduction in shareholding of former promoters Singh brothers. The audit was to examine the involvement of banks, financial institutions and entities linked to the erstwhile promoters. The company said the order imposed no liability, penalty or fine on Fortis.
Adani Ports had handled a record 50MMT (million metric tonnes) of cargo in August 2026, marking a 19% y-o-y increase. Dry cargo volumes rose 25% y-o-y, while container volumes grew 15% y-o-y. cargo handling stood at 234.4MMT, up 16% y-o-y.
Tilaknagar Industries invested ₹22 crore in Black Tiger Distilleries, marking its entry into the tequila segment. The investment was structured in two tranches, with ₹6 crore already deployed and the balance ₹16 crore due within 12 months. The deal was set to give Tilaknagar a 30% stake on a fully diluted basis.
UltraTech Cement planned to deploy more than 600 electric trucks by December 2026 as part of its logistics electrification drive. The fleet was expected to transport around 5MMT of material annually and cut CO₂ emissions by over 117,000 tonnes a year. UltraTech had signed service agreements with multiple EV manufacturers and logistics partners.
Maruti Suzuki India crossed 1.5mn cumulative sales of its Eeco van since its 2010 launch. To mark the milestone, Maruti had introduced the Eeco Star Edition with 18 new exterior and interior accessories, including body-coloured bumpers.
Syrma SGS Technology, along with Italy’s Elemaster group, had inaugurated a 20,000sqft (square feet) electronics manufacturing facility in Bengaluru through their joint venture (JV).
Deepak Fertilizers and Petrochemicals Corporation Limited (−4.29%) declined amid broader market and sector pressure. No material company-specific negative announcement drove the fall. Separately, the company held its AGM on the day, where all six resolutions — including adoption of financial statements, a 100% dividend recommendation and key re-appointments — were passed with near-unanimous shareholder support. The company also reported FY25-26 consolidated operating revenue of over ₹11,500 crore, operating EBITDA of over ₹1,650 crore and profit after tax (PAT) of around ₹740 crore, with Q1FY26-27 marking its highest-ever EBITDA and PAT doubling y-o-y.
Shanthi Gears Limited board appointed Sai Krishna Alluri as chief financial officwer (CFO) on a full-time basis, as per its exchange filing dated 3 September 2026. Mr Alluri is a qualified chartered accountant and cost accountant with over 16 years of experience. The board also appointed Helena Susan as head of human resources with immediate effect, designating her as senior management personnel.
Ceigall India Limited received a letter of intent from REC Power Development and Consultancy Limited on 3 September 2026 for establishing a common transmission system covering Lakadia phase-2 (7.5GW), Jam Khambhaliya phase-2 (5.5GW) and Jamnagar phase-1 (1GW). The project is valued at approximately ₹5,300 crore inclusive of GST, with annual transmission charges of ₹608.67 crore over 35 years and a 36-month execution period.
Prestige Estates Projects acquired a 17.14-acre land parcel in Sector 109, Gurugram, for a residential project with an estimated gross development value (GDV) of ₹5,600 crore and saleable area of approximately 2.8mnsqft, as per its exchange filing dated 3 September 2026. The project benefits from direct connectivity to the Dwarka Expressway and forms part of the company's expanding NCR residential pipeline.
Balu Forge Industries announced the acquisition of a ring rolling production line capable of forging rings up to 6.7mtr (metres) in outer diameter and weighing up to 18,000kg (kilogram) per product, as per its exchange filing dated 3 September 2026. The line adds 18,000 tonnes of specialised heavy ring rolling capacity targeting sectors including defence, aerospace, wind energy, nuclear power, oil & gas, and marine. Trial production is expected before end of 2026.
Max Healthcare Institute inaugurated a new 400-bed tower at Max Smart Super Speciality Hospital, Saket, on 3 September 2026, taking total bed capacity to approximately 1,200 — making it the largest private hospital by bed capacity in Delhi. The expanded facility spans over 22 specialities and features technologies including the Da Vinci Xi surgical robot and Mako total knee replacement robot.
Canara Bank board approved raising up to US$2,000mn through senior unsecured foreign currency bonds under its existing US$3bn (billion) medium term note programme, as per its exchange filing dated 3 September 2026. The issuance will be routed through its Gift City branch in Gandhinagar or other overseas branches.
RBL Bank received a show-cause notice from the assistant commissioner in Delhi dated 2 September 2026 pertaining to GST for FY22-23, proposing a demand of ₹164.13 crore inclusive of interest and penalties. The notice relates to an alleged mismatch in input tax credit under its bullion business vertical's GST registration. The Bank stated that it does not anticipate any material adverse impact and described the proposed demand as primarily the result of an erroneous comparison of returns and data.
Garden Reach Shipbuilders & Engineers signed separate MoUs with DNV and Damen Technical Cooperation BV on 2 September 2026 at the SMM Hamburg Maritime Trade Fair. The agreement with DNV focuses on advanced warships, green shipping technologies, digital shipbuilding and AI-led practices, while the MoU with Damen targets design and construction of trailing suction hopper dredgers and water injection dredgers in India.
Solar Industries India responded to a National Stock Exchange (NSE) surveillance query dated 3 September 2026, clarifying that recent media speculation regarding potential business negotiations was speculative and lacked specific details. The company confirmed that there is currently no material event requiring disclosure under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (SEBI LODR) Regulations and stated that it is unaware of any undisclosed information that might justify recent trading movements.
Tata Consultancy Services was selected by international wholesaler METRO AG as a strategic technology partner to transition the company's country-specific IT systems to a centralised, AI-driven environment, as per an announcement dated 3 September 2026. The engagement covers application consolidation and technology operations across METRO's major markets in Europe and Asia.
Tata Power Company commissioned the second element of its Jalpura-Khurja transmission project in Uttar Pradesh, comprising a 400kV (kilovolt) double-circuit transmission line of 162 circuit kilometres from Khurja to Jalpura and a 400kV/220kV GIS substation at Jalpura with 1,000MVA (megavolt ampere) transformation capacity, as per its exchange filing dated 3 September 2026. Tata Power's transmission portfolio now spans 7,900 circuit kilometres across India.
Suven Life Sciences completed patient enrolment in its global phase-3 clinical study of masupirdine (SUVN-502) for agitation associated with Alzheimer's dementia, as per an announcement dated 3 September 2026. A total of 424 patients were randomised across multiple sites in USA and Europe, exceeding the originally planned 375. Top-line results are anticipated by May 2027.
XTGlobal Infotech was selected as a qualified technology partner under a multi-year cloud engineering and technical services programme for a US state government technology authority, as per its exchange filing dated 3 September 2026. The agreement carries an initial two-year term with three one-year renewal options. The aggregate addressable opportunity across the qualified vendor pool is estimated at US$50mn–US$100mn over the potential five-year period, with actual contracts subject to competitive bidding among qualified vendors.
Tata Chemicals Limited faced a significant development as Kenyan president William Ruto announced on 3 September 2026 that the government would end operations of Tata Chemicals Magadi one of Africa's major producers of soda ash and salt, valued at approximately Ksh10bn citing insufficient local employment and economic benefits to Kajiado County. The president stated that a new investor had already been identified, with conditions requiring local mineral processing and establishment of a glass and chemical processing plant in the region. The announcement follows a July 2026 directive by mining Cabinet secretary Hassan Joho suspending the company's mining operations over outstanding compliance issues.
Orders
Saatvik Green Energy announced that its material subsidiary, Saatvik Solar Industries Private Limited, secured an order worth ₹297.5 crore for supply of solar photovoltaic modules to two independent power producers (IPP) and engineering-procurement-construction (EPC) players, as per its exchange filing dated 3 September 2026. The entire order is to be executed by March 2027.
Transformers and Rectifiers (India) Limited secured its first nuclear sector order supplying generator transformers for NPCIL’s Kaiga unit-5 & unit-6, adding 1,400MW nuclear capacity.
Power Grid Corporation of India Limited was declared the successful bidder for an inter-state transmission project to integrate 7,500MW of renewable power from Gujarat's Lakadia Renewable Energy Zone, quoting annual transmission charges of ₹1,152.49 crore, as per its exchange filing and letter of intent received on 3 September 2026. The project, to be developed on a build, own, operate and transfer (BOOT) basis, includes establishment of a new 765kV/400kV Lakadia-II sub-station and associated 765kV transmission lines across Gujarat.
Inox Wind Limited secured a 100MW turnkey order from Indian Oil Corporation Limited, valued at approximately ₹755 crore, as per its exchange filing dated 3 September 2026. The order covers supply of wind turbine generators, EPC services, and 10-year post-commissioning operations & maintenance (O&M) and marks a repeat engagement from one of India's largest institutional buyers.
BEML secured an additional ₹180.60 crore order from Integral Coach Factory for manufacturing and supplying Vande Bharat sleeper train-sets. The order strengthened its presence in the railway transportation segment.
ICICI Bank had mobilised around ₹1,70,200 crore under the RBI’s FCNR(B) swap facility through 31 August 2026. It had deployed about ₹85,600 crore as loans against these deposits and issued standby letters of credit worth nearly ₹34,600 crore. It had also raised around ₹33,800 crore through US-dollar bonds during July-August.
Marine Electricals won ₹398.81 crore in new orders for power distribution systems, with deliveries over 6-18 months; transactions were non-related party. It also received a ₹229.73-crore order from Digital Edge DC India for supplying a power distribution system. The order was scheduled for execution over 15 months. The company said the contract was not a related-party transaction.
E2E Networks signed a binding term-sheet with a sovereign AI company for NVIDIA Blackwell cloud GPUs and related services. The agreement was valued at approximately ₹1,000 crore and was expected to remain in force until June 2029.
KPI Green Energy received an LoI (letter of intent) for a 33.6MW wind and 43MW DC (direct current) solar project under a group captive arrangement. The project would have an aggregate capacity of 76.6MW DC and was to be developed in Gujarat. Completion was targeted within 14 months from stage-2 connectivity.
HFCL entered into a three-year agreement to supply high-fibre-count optical fibre cables (OFC) to a global multinational. The contract was valued at approximately ₹2,329 crore and covered supplies from 2027 through 2029. The company said the agreement strengthened its position in the global OFC market.
EMS Limited was awarded the highest bidder status for user fee collection and maintenance at Varshamedi Fee Plaza on NH-341, valued at ₹28.39 crore for a one-year contract.
Apollo Pipes approved up to ₹300 crore investment to enter tiles and ceramics via subsidiaries and planned to raise ₹189.1 crore through issuance of 31 lakh fully-convertible warrants on preferential basis.
Texmaco Rail & Engineering received a US$135mn letter of award from Tsiko Africa Logistics in partnership with Barberry Holdings. The order covered the design, manufacture, supply and commissioning of Wabtec ES43ACi diesel-electric locomotives. The project was scheduled for execution over 20-24 months after signing the definitive agreement.
GPT Infraprojects emerged as the L1 bidder for a ₹483.7 crore, including GST, railway infrastructure project awarded by RVNL. The contract involved construction of a major bridge over the Mahanadi River in Odisha. The order value stood at ₹410 crore before GST.
Investment/ Acquisition / Stake Sale /Joint Venture
Capri Global Capital raised US$300mn through its maiden senior secured US-dollar bond issue, carrying a 7.55% coupon and maturing in 2029. The issue had been oversubscribed more than 2.3 times, with the order-book exceeding US$700mn from 64 investors.
PVR INOX board had approved a buyback of up to 20.69 lakh equity shares, representing 2.11% of paid-up capital, at ₹1,450 per share. The total buyback size had been capped at ₹300 crore and was to be executed through the tender-offer route. The record date had been set for 4 September 2026.
Bharat Forge completed the divestment of Kalyani Powertrain’s 50% stake in REFU Drive GmbH to REFU Elektronik GmbH. Following the transaction, REFU had ceased to be a JV of Kalyani Powertrain. The move formed part of Bharat Forge’s broader portfolio realignment.
AXISCADES Technologies planned to acquire a majority stake in Cloud Wave Technologies for an enterprise valuation of ₹260 crore, expanding into aerospace manufacturing with Cloud Wave’s precision engineering capabilities.
Nephrocare Health Services acquired a 100% stake in Kazakhstan-based Dialysis Center Almaty through its overseas subsidiary for around ₹11.64 crore. The centre had reported turnover of approximately ₹10.93 crore in 2025, up from ₹10.23 crore in 2024, reflecting continued growth.
Happiest Minds Technologies fell after founder Ashok Soota and related entities agreed to sell a 22.106% stake to ITC Infotech for approximately ₹1,329.72 crore. The board also approved the merger of Happiest Minds with ITC Infotech at a swap ratio of 25 ITC Infotech shares for every 81 Happiest Minds shares.
Piramal Finance raised ₹3,850 crore via qualified institutional placement (QIP) and preferential allotment, including ₹2,100 crore from QIP, attracting prominent domestic and global investors.
Tata Consumer Products acquired an additional 5% stake in Capital Foods, taking its total holding to 80%. The stake was purchased from Wildflower Private Trust. Tata Consumer had initially acquired 75% of Capital Foods in 2024 and had indicated plans to eventually acquire up to 100%.
Goldiam International revised its QIP fund-utilisation plan, allocating ₹107.80 crore to establish 35 additional brand-exclusive stores. The revised plan targeted 60 stores in total, of which 25 had already been opened. The company had also increased its allocation for general corporate purposes to ₹45 crore and extended the utilisation deadline to December 2027.
Top gainers and losers of the major indices for the week are given in the table below:
