Indian equity markets opened higher, with the BSE Sensex at 74,855.20 (+0.75%) and the NSE Nifty 50 at 23,422.15 (+0.32%).
Empower India Limited, a Mumbai‑based small‑cap technology and digital‑infrastructure firm, locked a 5% upper circuit on the BSE, trading between ₹2.48 and ₹2.50. The stock is up more than 115% over the past six months and sits near the top of its 52‑week range of ₹1.03‑₹2.83. The rally follows an indicative, non‑binding term sheet with Mark AB Capital Private Limited to acquire 100% of engineering services firm Valiance Engineers. The deal will be executed through a non‑cash preferential allotment of fresh equity, converting Valiance into a wholly‑owned subsidiary without any debt or cash outlay. Valiance brings process‑engineering expertise, a domestic execution footprint and North‑American project delivery capability via its subsidiary Lauren Engineers. Managing Director Rajesh Chavan highlighted the strategic fit.
Other penny‑stock movers included NHC Foods, trading around ₹2.05, which also hit a 5% upper circuit after announcing controlling acquisitions in Lotmor Brands and Walya's Beverages. Elitecon International rose to its upper price band near ₹8.50 after reporting a surge in consolidated revenue from its agro‑subsidiaries. A‑1 Limited posted consecutive 5% upper circuits at roughly ₹8.50, driven by new domestic supply orders worth ₹35 crore for industrial chemicals and acids.
Raymond Limited surged nearly 7% after the board approved a strategic fundraise of up to ₹214.71 crore via a preferential issue of 33,28,686 convertible warrants to Minerva Ventures Fund at ₹645 per warrant. The company also announced a greenfield manufacturing plant in Andhra Pradesh as part of a ₹1,000 crore capacity‑investment plan. Reported Q1 FY27 figures showed total income of ₹628 crore (+13% YoY), EBITDA of ₹100 crore (+14% YoY), PAT of ₹31 crore (+50% YoY) and an engineering order book exceeding ₹5,960 crore.
HEG Advanced Materials Limited disclosed that its step‑down subsidiary Replus Engitech secured a ₹217.56 crore order from Indus Towers for lithium‑ion battery banks, to be delivered by 31 March 2027. The group’s market capitalisation stands at roughly ₹4,600 crore after a September 2026 demerger that created HEG Graphite Ltd.
Jaiprakash Power Ventures Limited reached a debt‑settlement agreement with National Asset Reconstruction Company Limited for ₹511 crore, enabling the withdrawal of NCLT/IBC proceedings. The company posted a net profit of ₹468.95 crore, reversing a loss of ₹23.35 crore, and net revenue of ₹1,775.70 crore (+28%). Diluted EPS was ₹0.52.
Anupam Rasayan India Ltd approved a ₹160 crore secured non‑convertible debenture issue to Aditya Birla Capital Limited at a 10.25% coupon. The issue comprises 16,000 NCDs of ₹1 lakh each, with allotment on 21 Sept 2026 and maturity on 21 Oct 2027.
Dividend announcements included Ambika Cotton Mills (₹37 per share), BEML (₹0.55), IRCTC (₹3.50 interim), SAIL (₹0.235) and PNC Infratech (₹0.30), all with record dates in September 2026.
Nestlé India fell nearly 3% to an intraday low of ₹1,332.80 on 18 Sept 2026 after the FSSAI raised concerns over three infant‑nutrition products. The company reports annual revenue exceeding ₹19,000 crore.
Bombay Burmah Trading Corporation Ltd surged 9.5% to ₹1,531.60 after a block deal of ₹249 crore (2.62% of equity) at an average price of ₹1,360 per share. Its market capitalisation crossed ₹10,370 crore, with promoters holding 74%.
Macrotech Developers Ltd, the Lodha group, now has a market capitalisation of about ₹1,10,000 crore, focusing on the Mumbai Metropolitan Region, Pune and Bengaluru.
Glass Wall Systems (India) Ltd listed on 16 Sept 2026 at ₹194 per share, a 6.59% premium to its IPO price of ₹182. Within three days the stock traded over 65% above the IPO price, following an 81.65‑times subscription.
Overall, the market breadth was supported by strong performances in mid‑cap and small‑cap segments, while Brent crude slipped toward $102 per barrel.
