Summary:
Reliance Industries, Hero MotoCorp, Tata Motors, Adani Green Energy, NMDC and several other stocks are in focus following key corporate and operational updates. Reliance entered the ice cream market, Hero MotoCorp reported higher August dispatches, while Tata Motors moved closer to its Iveco acquisition. Adani Green Energy crossed 20 GW of operational renewable capacity, while Gland Pharma, NMDC, Texmaco Rail and ARSS Infrastructure also reported notable developments.
Indian equities could see stock-specific action on Wednesday, September 2, as several companies announced business updates, new orders, project commissioning, regulatory developments and operational performance figures. Here are the key stocks that investors should track.
Reliance Industries
Reliance Industries could remain in focus after its FMCG arm, Reliance Consumer Products (RCPL), entered India’s ice cream market with the launch of Bombay Creamery. The portfolio includes cones, cups, tubs, bars and sticks, with prices starting at ₹10. The entry marks another expansion for Reliance’s consumer business as it seeks to build scale across India's large and growing FMCG market.
Hero MotoCorp
Hero MotoCorp reported a 4.5% year-on-year increase in domestic dispatches to 5,42,305 units in August 2026 from 5,19,139 units in the corresponding month last year. Strong scooter sales helped offset a decline in motorcycle volumes. The improvement in domestic volumes makes the stock important to watch amid continued focus on two-wheeler demand and the company's product mix.
Tata Motors and Adani Green Energy
Tata Motors secured all prior regulatory approvals required under the relevant sector rules for its proposed acquisition of Italian commercial vehicle manufacturer Iveco Group. The development represents another step towards completing the proposed transaction.
Meanwhile, Adani Green Energy commissioned a 139 MW solar power project at Khavda in Gujarat. Following the commissioning, the company's operational renewable energy generation capacity increased to 20,280.8 MW, crossing the 20 GW milestone. Its operational battery energy storage capacity stands at 3,551 MWh.
Ashiana Housing, Wipro and Welspun Corp
Ashiana Housing reported August area bookings of 1.67 lakh sq ft, with the value of area sold at ₹165.93 crore. The update provides an indication of the company's sales momentum in the residential real estate segment.
Wipro renewed its Digital Workplace Services contract with ABB. The engagement will involve AI-enabled digital workplace services across ABB's global operations, with an emphasis on automation, AI capabilities and workplace modernisation.
Welspun Corp signed an MoU with Perma-Pipe International Holdings and stakeholders associated with Jordan's National Water Carrier Project to develop pipe manufacturing and advanced coating facilities in Jordan.
Gland Pharma and L&T Finance
Gland Pharma said the US FDA completed its GMP inspection of the company's Visakhapatnam facility conducted between August 24 and September 1, with zero Form 483 observations. The outcome is a positive regulatory development for the pharmaceutical company.
L&T Finance received perpetual IRDAI registration to operate as a Corporate Agent (Composite), effective August 31, 2026. The registration remains subject to continued regulatory compliance.
Texmaco Rail, NMDC and ARSS Infrastructure
Texmaco Rail & Engineering received a ₹24.48 crore order from Transport Corporation of India for the manufacture, supply and commissioning of one rake comprising ACT-1 and BVCM wagons. The order is scheduled for execution within 16 weeks from the LOI.
NMDC reported a sharp increase in August production to 4.07 MT from 3.37 MT a year ago. Sales also improved to 3.58 MT from 3.39 MT, highlighting stronger operational performance.
ARSS Infrastructure Projects secured a ₹131 crore order from East Coast Railway, adding to its railway infrastructure project pipeline and strengthening its order book.
Ujjivan Small Finance Bank
Ujjivan Small Finance Bank will also be in focus after the RBI approved Carol Furtado's appointment as Interim CEO for three months, effective September 1, 2026. The leadership development will be closely tracked by investors as the bank continues its operations under the interim arrangement.
