Summary:
Stocks to watch on September 22 include ONGC, Pine Labs, Lloyds Metals, GRSE and Waaree Energies. Gas discovery, fundraising plans, stake sale reports, capacity expansion, shipyard investment and renewable energy orders could keep these companies in focus during Tuesday’s session.
Indian stocks are likely to remain in focus on Tuesday, September 22, as a number of companies have announced developments involving business expansion, order wins, fundraising, capacity additions and potential stake sales. ONGC, Suryoday Small Finance Bank, Pine Labs, Lloyds Metals and Energy, GRSE, Pace Digitek, Allcargo Global, Lumino Industries and Waaree Energies are among the stocks drawing attention ahead of the trading session.
ONGC: Gas discovery in Mahanadi Offshore Basin
ONGC has reported a gas discovery at its deepwater well MN-DW18-1-H-D in the Mahanadi Offshore Basin off the Odisha coast. The discovery was made on September 18. The development places the oil and gas explorer among the key stocks to track as investors assess the potential implications of the discovery for its exploration and production operations.
Suryoday Small Finance Bank: ₹200 crore fundraising plan
Suryoday Small Finance Bank's board has approved raising up to ₹200 crore through Lower Tier II non-convertible debentures. The proposed issue will comprise a single series and will be undertaken through private placement. The fundraising plan will be closely watched in the context of the bank's capital and funding requirements.
Pine Labs: Potential 4.3% stake sale
Pine Labs could see increased trading activity after reports indicated that Mastercard Asia-Pacific may sell approximately 4.97 crore shares, equivalent to around 4.3% of the fintech company's equity, through a block deal. Reports have indicated a floor price of ₹179.50 per share for the proposed transaction.
Lloyds Metals and GRSE: Expansion plans
Lloyds Metals and Energy has approved investments to expand its direct reduced iron capacity, while the company is also planning a ₹1,550 crore NCD issue. Meanwhile, Garden Reach Shipbuilders & Engineers has approved a ₹2,896 crore capital budget for a greenfield shipyard at Raichak in West Bengal. The proposed facility is intended to increase the company's shipbuilding capacity across naval and commercial segments.
Pace Digitek and Waaree Energies: Order wins
Pace Digitek's subsidiary Lineage Power has secured a ₹488.46 crore order from NTPC GE Power Services for a battery energy storage system project. Waaree Energies, meanwhile, has received an order to supply 2 GW of solar modules to a leading domestic solar developer. Both developments highlight ongoing activity in India's renewable energy and energy-storage segments.
Allcargo Global and Lumino Industries
Allcargo Global reported an August LCL cargo-volume decline of 7% YoY to 7.11 lakh cubic metres, with the company continuing to reduce loss-making shipping routes. In contrast, Lumino Industries reported strong Q1 growth, with net profit rising 32.4% to ₹40 crore, revenue increasing 19.3% to ₹521.4 crore, and EBITDA climbing 34.6% to ₹70.9 crore.
Together, these company-specific developments provide several corporate triggers for the September 22 trading session, spanning oil and gas, banking, fintech, metals, defence shipbuilding, logistics and renewable energy.
