Summary:
Stocks to watch today, September 23, include Persistent Systems, IRB Infrastructure, Allcargo Terminals, 360 ONE WAM and Lemon Tree Hotels. Key triggers include Nagarro acquisition, land monetisation, August volume growth, management changes and Lemon Tree’s first hotel in Nashik.
Several stocks are likely to remain in focus on Wednesday following key corporate developments, including an overseas acquisition, asset monetisation plans, volume growth, senior management changes and a new hotel opening.
Stocks to Watch Today, September 23: Key Corporate Triggers
Use this as a short introduction before the individual companies.
The five stocks are in focus because of distinct corporate developments involving acquisition, asset monetisation, operating volumes, management changes and business expansion.
| Stock | Key Trigger | Key Number / Date |
| Persistent Systems | Nagarro takeover offer | 83.25% aggregate stake |
| IRB Infrastructure | Non-core asset monetisation | ~350 acres + ~3,500 sq m |
| Allcargo Terminals | August volume growth | 65,600 TEUs |
| 360 ONE WAM | CEO appointment | February 15, 2027 |
| Lemon Tree Hotels | Nashik hotel opening | First property in Nashik |
Persistent Systems in Focus After Nagarro Stake Rises to 83.25%
Persistent Systems is in focus after securing 75.68 lakh equity shares, representing approximately 61.15% of Nagarro SE’s outstanding share capital, through a voluntary public takeover offer. The development strengthens Persistent Systems’ control over the German IT services company.
The company had earlier acquired an approximately 22.10% stake in Nagarro under a share purchase agreement with Lantano Beteiligungen GmbH. Following the latest acquisition, Persistent Systems’ aggregate shareholding in Nagarro reached 83.25%, excluding treasury shares, as of September 17. The company also plans to delist Nagarro from the Frankfurt Stock Exchange.
IRB Infrastructure in Focus After Non-Core Asset Monetisation Plan
IRB Infrastructure Developers will be watched after its Board granted in-principle approval to monetise non-core assets through phased development of land parcels.
The plan covers around 350 acres from the approximately 1,100 acres owned by Aryan Infrastructure Investments at Taje and Pimpaloli villages in Pune district. The initiative also includes redevelopment and rehabilitation of part of the approximately 3,500 sq m land parcel owned by Ideal Road Builders at Chandivali in Mumbai.
According to the company, the initiative is expected to contribute substantially to cash flows without incremental cost.
Allcargo Terminals in Focus After August Volumes Rise 6%
Allcargo Terminals reported growth in its operating volumes during August 2026. Total volumes stood at 65,600 TEUs, representing a 6% year-on-year increase and a 5% rise compared with the previous month.
The sequential and year-on-year improvement in container volumes is likely to keep the stock in focus as investors track trends in cargo handling activity and the company's operating performance.
360 ONE WAM in Focus After Aashish Agarwal Appointed CEO
360 ONE WAM is in focus following changes to its senior management structure. The Board approved the appointment of Aashish Agarwal as Chief Executive Officer and key managerial personnel, effective February 15, 2027.
Karan Bhagat will continue as Managing Director, with his existing tenure remaining unchanged until July 26, 2030. Additionally, Bhagat will be appointed Vice Chairman and Managing Director from February 15, 2027.
Lemon Tree Hotels in Focus After Opening First Nashik Hotel
Lemon Tree Hotels has expanded its presence in Maharashtra with the opening of Keys Prima by Lemon Tree Hotels in Nashik. This marks the Group's first hotel in the city.
The property is managed by Carnation Hotels, a wholly owned subsidiary of Lemon Tree Hotels. The Nashik expansion adds another location to the company's hospitality portfolio and strengthens its footprint in Maharashtra.
Frequently Asked Questions
A. Persistent Systems, IRB Infrastructure Developers, Allcargo Terminals, 360 ONE WAM and Lemon Tree Hotels are among the stocks in focus following corporate developments announced around September 22-23, 2026.
A. Persistent's subsidiary secured 61.15% of Nagarro's share capital through the takeover offer. Including its earlier 22.10% stake, Persistent's aggregate holding reached approximately 83.25%.
A. IRB Infrastructure received in-principle Board approval to monetise non-core assets, including approximately 350 acres in Pune and part of a 3,500 sq m land parcel in Mumbai, subject to required documentation and approvals.
A: Allcargo Terminals reported total August volumes of 65,600 TEUs, up 6% YoY and 5% MoM.
A. Aashish Agarwal has been appointed CEO of 360 ONE WAM effective February 15, 2027. Karan Bhagat will continue as Managing Director and become Vice Chairman and Managing Director from that date.
A. Lemon Tree Hotels opened Keys Prima by Lemon Tree Hotels in Nashik, its first hotel in the city.
