On Tuesday, 1975 stocks advanced, 2405 declined and remained unchanged on Bombay Stock Exchange with advance decline ratio of 0.82 indicating a negative closing. The trend of the major indices on Tuesday’s trading is given in the table below.
On NSE, 66 securities advanced and closed at a new 52-week high whereas 227 securities sank to close at their new 52-week lows. Nifty Metal and Nifty Pharma were among the biggest gainers. Nifty IT, Nifty Auto and Nifty FMCG were among the biggest losers.
Tube Investments of India (-1.87%) invested ₹250 crore in subsidiary TI Clean Mobility through the subscription of 2.5 crore Series C compulsorily convertible preference shares. The investment was formalised, under a subscription agreement and an amended shareholders’ agreement with existing investors.
KPI Green Energy (+3.89%) received an approximately ₹2,025 crore work order from NACOF Oorja for a 500 MW/550 MWp solar photovoltaic project in Rajasthan. The turnkey EPC contract covered design, engineering, procurement, installation, testing and commissioning, with completion scheduled within 12 months from site handover.
Transport Corporation of India (+0.45%) approved a buyback of up to 15,62,500 equity shares, or 2.03% of its equity, at ₹960 per share for a total amount of up to ₹150 crore. The board also approved setting up a wholly owned logistics and supply-chain subsidiary in China with an investment of up to $2 million.
Imagicaaworld Entertainment (+0.02%) approved the allotment of 2,34,82,500 equity shares at ₹73.50 per share following the conversion of warrants allotted on a preferential basis in March 2025. The company received the remaining 75% subscription amount of ₹129.45 crore, completing the conversion with no outstanding warrants.
Clean Max Enviro Energy Solutions (+0.68%) entered into a partnership with Nuvoco Vistas to develop a 46.4 MW wind-solar hybrid renewable energy project in Rajasthan. The project comprised 20 MW wind, 26.4 MWp solar and a 2-MWh battery energy storage system under a group captive structure.
Pfizer received an income-tax penalty order of ₹1,26,34,050 under Section 271G of the Income Tax Act for the assessment year 2023-24. The company said it believed the order was not maintainable and planned to appeal against it.
TVS Srichakra (-1.24%) received a GST show-cause notice proposing a demand of approximately ₹17.53 crore for 2022-23, including ₹8.05 crore tax, ₹7.78 crore interest and ₹1.70 crore penalty. The notice alleged excess input tax credit in GSTR-3B compared with GSTR-2B, while the company said no final penalty, restriction or sanction had been imposed.
Sanofi India (-1.01%) received a GST show-cause notice for 2022-23 proposing a tax, interest and penalty demand of ₹16.40 crore. The notice cited discrepancies between E-Way Bills and GSTR-1, differences in turnover reported in GSTR-9C and GSTR-1, and issues related to input tax credit.
Piramal Pharma (+1.20%) received an Order-in-Original from the Mumbai East CGST and Central Excise Commissionerate concerning GST audits for 2020-21 to 2022-23. The order confirmed an input tax credit demand of ₹4.06 crore, along with applicable interest and an equivalent penalty, and the company planned to appeal.
H.G. Infra Engineering (-1.42%) said its wholly owned subsidiary H.G. Gobindpur Tangi Highway achieved financial closure for a ₹1,582.11 crore six-lane access-controlled Capital Region Ring Road project in Odisha. The 40.33-km project was being executed under the Hybrid Annuity Mode, with a construction period of 910 days.
IRB Infrastructure Developers (-0.93%) executed Project Implementation/Management Agreements with IRB InvIT Fund for projects operated by Solapur Yedeshi Tollway and CG Tollway. The agreements covered four-laning of the Solapur-Yedeshi section of NH-211 and six-laning of the Kishangarh-Udaipur-Ahmedabad section of NH-79, at a fixed price of approximately ₹2,663 crore over the remaining concession period of about 18 years.
Adani Ports and Special Economic Zone (+4.49%) settled proceedings with SEBI relating to alleged violations of securities regulations by paying ₹37.05 lakh. The settlement, received on September 28, 2026, covered the company and certain current and former directors and was concluded without admission or denial of the findings or legal conclusions.
Anupam Rasayan India (-0.78%) acquired 22.5 lakh shares of Bliss GVS Pharma, representing about 2.12% of its paid-up equity, for ₹162.74 crore through an on-market transaction. Following the acquisition, Anupam Rasayan and persons acting in concert held 50.07% of Bliss GVS Pharma and became its new promoters.
Newgen Software (-0.30%), through its US subsidiary Newgen Software Inc., entered into a $5.48 million agreement with an undisclosed US health insurance company for its Complaints, Appeals and Grievances solution. The contract covered supply, installation, implementation and cloud hosting on Newgen’s cloud platform over three years.
JM Financial (+0.42%) said its subsidiary JMFARC allotted 16,25,85,928 equity shares to JMFCSL on a rights basis for ₹162.59 crore. Following the issue, JMFCSL’s stake in JMFARC increased from 81.77% to 84.87%, with the funds intended for working capital, growth plans and general corporate purposes.
Tata Motors (-0.28%), through TML Smart City Mobility Solutions, acquired a 26% stake in Mateshwari E-Smart Mobility for ₹2.60 lakh, making the company an associate. The investment involved 26,000 equity shares and related to projects for operating and maintaining electric buses, with the entity having been awarded an electric-bus services tender in Telangana.
AXISCADES Technologies (+10.00%) was locked at the upper circuit following a large block deal involving approximately 9.5% of equity (around 40.61 lakh shares valued at around ₹741 crore).
The top gainers and top losers of the major indices are given in the table below:
The closing values of the major Asian indices are given in the table below:
