Summary:
Stocks to watch on September 28 include SAIL, Adani Power, RCF, Aequs, Sedemac Mechatronics, Prestige Estates, Clean Max Enviro, Sunteck Realty and Edelweiss Financial Services following key orders, mergers, fundraising, production updates, regulatory developments and corporate transactions.
Stocks to Watch on September 28
SAIL, Adani Power, RCF, Aequs, Sedemac Mechatronics, Prestige Estates Projects, Clean Max Enviro, Sunteck Realty and Edelweiss Financial Services are among the stocks in focus on September 28 following corporate actions, new orders, production updates, restructuring, stake sales and regulatory developments.
Indian stocks could remain in focus on Monday, September 28, as several companies announced business developments, corporate restructuring measures, new orders, stake sales and regulatory updates. Here are the key stocks to watch in the upcoming trading session.
Stocks in Focus on September 28
| Stock | Why It Is in Focus |
| Aequs | ₹650 crore preferential warrant issue |
| Sedemac Mechatronics | Limited commercial production begins |
| SAIL | MoU with BCCL for two coal blocks |
| Prestige Estates | Subsidiary withdraws proposed IPO DRHP |
| Adani Power | Merger of 10 wholly owned subsidiaries |
| RCF | ₹797 crore ammonia plant revamp order |
| Clean Max Enviro | Proposed 7.25% stake/block deal |
| Sunteck Realty | ₹59.44 crore GST demand notice |
| Edelweiss Financial Services | Carlyle investment in Nido Home Finance |
Aequs Ltd
Aequs Ltd is likely to remain in focus after its board approved a preferential issue of up to 2,80,71,690 warrants. The warrants will be issued to Mellwood Trustee Services Private Limited, which acts as trustee of the Melligeri Private Family Foundation and is also a member of the promoter group. The proposed transaction is valued at approximately ₹650 crore. The development is a key corporate action for the company and could draw market attention to its capital structure and promoter participation.
Sedemac Mechatronics Ltd
Sedemac Mechatronics Ltd announced the commencement of limited commercial production at its new manufacturing facility in Shinde village, Khed taluka, Pune district, Maharashtra. The start of production marks an operational milestone for the company as it begins commercial activity from the new facility.
SAIL
Steel Authority of India Ltd (SAIL) signed a Memorandum of Understanding with Bharat Coking Coal Ltd (BCCL) for the joint development and operation of two coal blocks in West Bengal. The proposed collaboration is focused on coal resources and could be relevant for SAIL’s raw-material supply requirements.
Prestige Estates Projects Ltd
Prestige Estates Projects Ltd will be in focus after its subsidiary, Prestige Hospitality Ventures Ltd (PHVL), withdrew its Draft Red Herring Prospectus filed with SEBI for a proposed IPO. The withdrawal changes the immediate status of the planned public offering and could remain a point of attention for investors tracking the group’s hospitality business.
Adani Power Ltd
Adani Power completed the merger of 10 wholly owned subsidiaries with the company, effective September 25, 2026. The restructuring consolidates the subsidiaries with Adani Power and represents a significant corporate action involving the group’s power-generation operations.
Rashtriya Chemicals and Fertilizers Ltd
Rashtriya Chemicals and Fertilizers Ltd approved a ₹797 crore purchase order, plus applicable taxes, with Larsen & Toubro Ltd for the revamp of its ammonia plant. The order was awarded on a lowest-tender basis and has a tenure of 36 months. The plant revamp is a significant project-related development for the state-owned fertiliser company.
Clean Max Enviro Energy Solutions Ltd
Clean Max Enviro Energy Solutions Ltd is also on the radar following a proposed block deal involving Augment India Holdings. The investor is likely to sell 85 lakh shares, representing a 7.25% stake in the renewable energy company. Such a transaction could increase trading activity and liquidity in the stock.
Sunteck Realty Ltd
Sunteck Realty Ltd disclosed that it received a show-cause notice from the Department of Goods and Services Tax for FY23. The notice involves a demand of ₹59.44 crore, including interest and penalty. Investors may monitor developments related to the notice and the company’s response.
Edelweiss Financial Services Ltd
Edelweiss Financial Services Ltd announced the completion of Carlyle’s investment of over ₹2,000 crore in Nido Home Finance Ltd. The transaction gives funds affiliated with the global investment firm a strategic majority stake in the housing finance company, marking a significant development for Edelweiss’s financial-services business.
