Indian equity markets are poised for a mild positive opening on Tuesday, September 22, 2026, following gains observed on Monday. GIFT Nifty futures on the NSE International Exchange were up 46.20 points, or 0.20 percent, trading at 23,493.50, indicating a favorable start for domestic indices.
Key Stocks in Focus
Several companies are expected to be in the spotlight today due to significant corporate developments. Investors will be closely watching these stocks as the market opens.
Pine Labs
Mastercard Asia/Pacific is reportedly planning to divest its entire 4.3 percent stake, comprising 4.97 crore shares, in Pine Labs through a block deal. Media reports, citing sources, suggest the floor price for this transaction is set at Rs 179.5 per share, which represents a 7.3 percent discount. Citi is understood to be the broker managing the deal.
Oil and Natural Gas Corporation (ONGC)
The state-run petroleum giant has announced a significant gas discovery at its deepwater well MN-DW18-1-H-D, located in the Mahanadi Offshore Basin off the Odisha coast. This discovery, part of the 'Samudra Manthan' initiative, occurred at a 1,441–1,452 meter interval within a total drilled depth of 1,623 meters.
Waaree Energies
A leading solar developer has placed an order with Waaree Energies, a prominent player in solar and renewable energy, for the supply of 2 GW of solar modules. This substantial order is slated for delivery across the financial years 2026-27 and 2027-28.
Garden Reach Shipbuilders & Engineers (GRSE)
The board of the state-run defense company has approved a capital expenditure budget of Rs 2,896 crore for the construction of a Greenfield Shipyard at Raichak. This strategic investment aims to significantly enhance GRSE's shipbuilding capacity in both the naval and commercial sectors.
Symbiotec Pharmalab
For the April-June 2026 quarter, Symbiotec Pharmalab reported a 53 percent year-on-year decline in net profit, which stood at Rs 14.1 crore. Despite this, revenue for the period saw a 7.4 percent year-on-year increase to Rs 218.2 crore. EBITDA fell by 22 percent year-on-year to Rs 45.2 crore, and margins contracted sharply by 780 basis points to 20.72 percent.
Augmont Enterprises
The precious metal firm experienced a 15.4 percent year-on-year drop in net profit, reaching Rs 57.7 crore, during the first quarter of FY27. However, its revenue surged by 30.2 percent year-on-year to Rs 18,945.6 crore. EBITDA was down 47 percent year-on-year to Rs 53 crore, with margins remaining under pressure.
Lloyds Metals and Energy
Lloyds Metals and Energy has sanctioned an investment of Rs 190 crore to boost the capacity of its Direct Reduced Iron (DRI) plants. The expansion will cover facilities at Ghugus, Chandrapur district, Maharashtra, and Konsari, Gadchiroli district, Maharashtra, and is projected to be completed within one year using internal accruals.
Lumino Industries
The recently listed EPC solutions provider announced a 32.4 percent year-on-year jump in net profit to Rs 40.2 crore for the June 2026 quarter. Revenue also increased by 19.3 percent year-on-year to Rs 521.4 crore. EBITDA grew by 34.2 percent year-on-year to Rs 71 crore, improving EBITDA margins to 13.6 percent for the quarter.
Pace Digitek
Lineage Power (LPPL), a subsidiary of Pace Digitek, has secured an order valued at Rs 488.46 crore. The contract is from NTPC GE Power Services (NGSL) for the Battery Energy Storage System (BESS) project at Barh STPP (NTPC Stages I & II).
Allcargo Global
Allcargo Global, a logistics solutions provider, reported a decline in cargo volumes for August. The company attributed this to its ongoing strategy of cutting loss-making shipping routes, a move that has reportedly improved yields. Less-than-container-load (LCL) cargo volumes in August totaled 711,000 cubic meters, down 7 percent from the previous year and 2 percent from July.
Share India Securities
The board of Share India Securities has approved a proposal to raise up to Rs 200 crore through a preferential issue of convertible warrants. Additionally, the board sanctioned the incorporation of a new subsidiary and an investment of up to Rs 120 crore in its equity shares.
Reliable Data Services
Reliable Data Services' board has given its nod to a proposal to raise funds amounting to Rs 200 crore. These funds are earmarked for various upcoming projects, the upgradation and expansion of existing projects, and to bolster the company's working capital requirements.