Summary:
For Sep 17, Stocks to watch today include Infosys, Alembic Pharmaceuticals, Highway Infrastructure, Mazagon Dock, G R Infraprojects, Fortis Healthcare, Venus Pipes, GNFC and ITC. Key triggers include business expansion, USFDA updates, orders, project termination, fundraising, management changes and price hikes.
Indian equities could see stock-specific activity today as several companies announced key business developments, regulatory updates, new orders, fund-raising plans and management changes. Here are the stocks that could remain in focus.
Infosys Expands Indore Development Center
Infosys announced the expansion of its Indore Development Center as part of its efforts to strengthen its presence in Central India. The expanded facility will focus on capabilities across artificial intelligence, cloud computing, cybersecurity and next-generation digital services.
The development is aligned with the company's focus on building technology capabilities and expanding its delivery infrastructure. The enhanced Indore center could also support Infosys' ability to serve clients through its digital and AI-focused offerings.
Alembic Pharmaceuticals Gets USFDA EIR
Alembic Pharmaceuticals reported that the US Food and Drug Administration has issued an Establishment Inspection Report and closed its inspection of the company's bioequivalence facility in Vadodara, Gujarat.
The inspection was conducted between March 3 and March 7, 2025. The closure of the inspection is a key regulatory development for the pharmaceutical company, particularly given the importance of USFDA-related updates for companies with exposure to the US market.
Highway Infrastructure Wins ₹220.66 Crore Order
Highway Infrastructure has received a ₹220.66 crore order from the Uttar Pradesh Expressways Industrial Development Authority. The contract covers collection of user fees and operation of toll plazas on the Gorakhpur Link Expressway.
The project also includes deployment of four patrol-cum-safety vehicles along with the required personnel. The order adds to the company's order book and strengthens its presence in toll collection and highway-related operations.
Mazagon Dock Signs Shipbuilding MoU
Mazagon Dock Shipbuilders has signed an MoU with National Shipbuilding & Heavy Industries Park Maharashtra to participate as the Anchor Shipyard in the proposed Greenfield Shipbuilding Industrial Cluster at Dighi, Maharashtra.
The proposed shipyard is envisaged to have annual shipbuilding capacity of at least 1.2 million gross tonnage. The development comes amid efforts to expand shipbuilding infrastructure and capacity in Maharashtra.
G R Infraprojects Terminates NTPC Project
G R Infraprojects has issued a notice of termination to NTPC concerning the EPC package for battery energy storage system implementation at NTPC's Mouda Super Thermal Power Station.
The development relates to the company's BESS project with NTPC and could remain a key point of focus for investors tracking the company's order execution and renewable-energy-related project portfolio.
Fortis Healthcare Expands Hospital Presence
Fortis Healthcare has signed definitive agreements with Seth Sunder Lal Jain Charitable Eye Hospital to provide healthcare services at a 400+ bed super-specialty hospital in Ashok Vihar, New Delhi.
The hospital is expected to commence operations in three to four years. The proposed facility could expand Fortis Healthcare's hospital network and presence in the Delhi-NCR healthcare market.
Venus Pipes Plans ₹372 Crore Fund Raise
Venus Pipes and Tubes has decided to allot 22.27 lakh equity shares to 18 investors at ₹1,670 per share through a preferential allotment. The transaction will raise approximately ₹372 crore.
The fund-raising exercise provides the company with additional capital, while the preferential issue will increase its equity base following the allotment.
GNFC Appoints New Managing Director
Gujarat Narmada Valley Fertilizers & Chemicals (GNFC) has appointed Sanjeev Kumar as Managing Director for a period of five years, effective September 9.
The management change is a key corporate development and will be monitored for its potential impact on the company's strategic and operational priorities.
ITC Raises Cigarette Prices
ITC has increased prices across two cigarette brands. The price of a 20-stick pack of Classic Connect has increased to ₹428 from ₹390, while the 10-stick pack of Gold Flake Superstar has risen to ₹89 from ₹79, according to CNBC-TV18 sources.
The price changes are relevant for ITC's cigarette business as pricing is an important factor affecting revenue and margins in the tobacco segment.
