STOCKS IN FOCUS (19th Oct 2026)

STOCKS IN NEWS

• DLF: The real estate major acquired 7.5 acres of land in Gurugram to develop a residential project, expanding its portfolio amid strong demand for luxury housing.

• OMCs and Sugar Stocks: State-run oil marketing companies (OMCs) have excluded ethanol produced from sugarcane juice, sugar syrup and B-heavy molasses from their latest procurement tender for the 2026–27 supply year. The move aims to safeguard domestic sugar supplies while maintaining the nationwide petrol-blending programme.

• Bharti Airtel: The company became the first telecom operator to introduce voice-and-SMS-only prepaid plans in line with the Telecom Regulatory Authority of India’s (TRAI) new norms. Priced at ₹185, ₹203 and ₹206, the plans offer unlimited local, STD and roaming calls along with 300 SMS, without bundled mobile data. The plans are available on Airtel’s app and website.

• NTPC: The state-owned company plans to initiate feasibility studies for proposed nuclear power projects in additional states, including Uttar Pradesh. The initiative supports its target of expanding non-fossil fuel energy capacity to at least 2 GW by 2032.

• Vedanta: The company has invested nearly $600 million to double the annual zinc production capacity of its South African operations to 500,000 tonnes. The expansion supports its target of achieving annual zinc production of 3 million tonnes across India and South Africa. Separately, Vedanta announced plans to double production capacity at its South African zinc operations to 5 lakh tonnes through Phase II of the Gamsberg project under Vedanta Zinc International (VZI), backed by an investment of nearly $600 million.

• Bajaj Auto: Its Austrian motorcycle brand, KTM, inaugurated a completely knocked-down (CKD) assembly plant in Manaus, Brazil, with an annual installed capacity of 20,000 units. The facility is part of the reorganisation of KTM and Husqvarna operations in Brazil. The company plans to assemble 3,500 units by the end of 2026, with further expansion planned for next year.

• Lenskart Solutions: Mutual funds (MFs) and foreign portfolio investors (FPIs) have absorbed the shares sold by the company’s early investors. SoftBank and other FPIs have trimmed their holdings since the lock-in period ended in May 2026. Strong profit growth and expectations of continued business expansion have supported investor interest.

• India Cements: The Aditya Birla Group company reported a fourfold year-on-year increase in consolidated net profit to ₹38.82 crore in the September quarter. Revenue from operations rose to ₹1,142.03 crore during the quarter.

• GPT Infraprojects: The company secured an order worth ₹149.5 crore from the Chief Signal and Telecommunication Engineer (CSTE), Western Railway’s Bhavnagar Division, and another work order worth ₹134.11 crore from Western Railway’s Ratlam Division for signalling works.

• Zen Technologies: The company’s board approved an investment of ₹135.15 crore to acquire a 51.98% stake in Bengaluru-based defence technology company Cogknit Semantics.

• Bharat Forge: The company invested ₹240 crore in the equity shares of its subsidiary, Kalyani Strategic Systems, through a rights issue at fair value. The investment was funded through proceeds from its qualified institutional placement (QIP) and internal accruals. Of the total amount, Kalyani Strategic Systems will further invest ₹163 crore in its subsidiary, Agneyastra Energetics, through a rights issue.

• Amber Enterprises India: Its subsidiary, IL JIN Electronics (India), entered into a share-swap agreement to acquire the remaining 40% stake in Power-One Micro Systems Private Limited from Ramanna Rajesh Mayasandra, Harsha Venkatesh, Dwaith Advisory, Doddabidere Honappa Veena and other relevant sellers. In consideration, IL JIN Electronics will allot 1.76 lakh Series A3 compulsorily convertible preference shares (CCPS A3) at ₹10,000 per share. Separately, IL JIN Electronics agreed to acquire the remaining 1.50% stake in Ascent Circuits from Manju Thomas by allotting 13,120 Series A2 compulsorily convertible preference shares (CCPS A2) at ₹10,000 per share. Following the transactions, both Power-One and Ascent Circuits will become wholly owned subsidiaries of IL JIN Electronics and, consequently, of Amber Enterprises India.

• Power Grid Corporation of India: The company was declared the successful bidder for the 765 kV GIS Pune West transmission project under the build, own, operate and transfer (BOOT) model, with annual transmission charges of ₹199.55 crore. The project involves establishing a new 765/400 kV gas-insulated switchgear (GIS) substation at Pune West in Maharashtra, along with 765 kV and 400 kV transmission lines and associated bays across the state. With this win, Power Grid has secured 10 transmission system projects in the current fiscal year to date, with cumulative annual transmission charges of ₹7,863.63 crore.

• RBL Bank: The Reserve Bank of India (RBI) approved the amalgamation of all Indian branches of Emirates NBD Bank PJSC with RBL Bank, effective December 1, 2026.

Source: Moneycontrol, Business Standard

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