Stocks That Will Drive Today's Market

By siliconindia | Friday, 19 September 2025, 04:11 Hrs

Vedanta wins a manganese block, JSW Energy acquires a 150 MW hydro project, and John Cockerill bags a Tata Steel contract.
Barbeque-Nation rebrands as United Foodbrands, Waaree Energies invests in smart meters, and Pharmaids exits Anugraha Chemicals.
Unichem faces a €19.5 Million fine, MobiKwik reports a payment glitch misuse, and bulk/block deals stir action in Cohance, Awfis, and GE Vernova.

The stock market is set for an eventful session today as multiple companies come into focus with fresh deals, contracts, acquisitions, and regulatory updates. From Vedanta’s mining win to MobiKwik’s security issue, here’s a roundup of the latest developments that could shape investor sentiment.

Vedanta: Vedanta has added another feather to its mining portfolio. The Andhra Pradesh Government has declared the company as the preferred bidder for the Punnam Manganese block. Spread over 152 hectares, the block is currently at the G4 level of exploration. This win strengthens Vedanta’s presence in the mineral space and could provide long-term growth opportunities once operations move forward.

John Cockerill India: Engineering solutions provider John Cockerill India has bagged a major order from Tata Steel. The contract involves setting up a push-pull pickling line and an acid regeneration plant at Tata Steel’s Jamshedpur unit. This deal highlights the company’s strong standing in industrial projects and adds significant value to its order book.

Texmaco Rail and Engineering: Texmaco Rail and Engineering has received a fresh order worth Rs 86.85 crore from UltraTech Cement. The order includes BCFC wagons and a brake van, with delivery scheduled by March 2026. This win boosts Texmaco’s rail wagon business and underlines its growing role in the country’s logistics and industrial supply chain.

Unichem Laboratories: Pharma major Unichem Laboratories has received a demand notice from the European Commission, Belgium. The fine amounts to Euro 19.5 million related to the Perindopril drug case. Out of this, the company’s subsidiary has already paid Euro 2.79 million, leaving a balance of Euro 16.69 million to be cleared. The penalty poses a financial challenge and could weigh on investor mood in the near term.

One MobiKwik Systems: Fintech company One MobiKwik Systems has confirmed a technical issue that occurred between September 11–12. Some failed transactions were wrongly marked successful, leading to unauthorized payouts to merchants in Nuh, Haryana. A few merchants and users exploited this error for financial gain. An FIR has been filed, arrests have been made, and over 2,000 bank accounts have been frozen. MobiKwik has assured customers that the issue is isolated and under control.

Indian Hotels Company: Indian Hotels Company, which operates the Taj brand, has issued a clarification after reports suggested a $2 billion exit from New York’s The Pierre hotel. The company clarified that it does not own the property but only holds leasehold rights. Operations at the hotel continue as usual, and the company called the media reports misleading and speculative.

JSW Energy: JSW Energy’s subsidiary, JSW Neo Energy, has signed a definitive deal with Statkraft IH Holding AS to acquire 100% equity in Tidong Power Generation. The target firm owns a 150 MW under-construction hydropower project. The acquisition is valued at Rs 1,728 crore. With this, Tidong Power will become a subsidiary of JSW Neo Energy, further strengthening JSW’s renewable portfolio.

Pharmaids Pharmaceuticals: Pharmaids Pharmaceuticals has sold its entire 66.5% partnership stake in Anugraha Chemicals to Sneha Hadimani for Rs 6.65 lakh. With this exit, Anugraha Chemicals ceases to be a material subsidiary of Pharmaids.

Barbeque-Nation Hospitality: Barbeque-Nation Hospitality has completed a rebranding exercise. The Registrar of Companies has approved its name change to United Foodbrands, effective September 18. The move marks a new chapter in the company’s brand identity.

Waaree Energies: Solar player Waaree Energies has announced that its subsidiary Waaree Power will subscribe to 76% of Racemosa Energy’s share capital for Rs 53 crore. Racemosa manufactures smart meters, and the acquisition will make it a step-down subsidiary of Waaree. The move signals Waaree’s push into smart energy management solutions.

Sasken Technologies: Sasken Technologies has announced a global partnership with VicOne, a subsidiary of Trend Micro. The tie-up will strengthen in-vehicle and fleet-wide cybersecurity solutions for global OEMs and Tier-1 automotive suppliers, underlining Sasken’s growing focus on automotive technology.

Also Read: Are Fed's Rate Cuts India's Ticket to Outshine Global Markets?

Bulk deals

Cohance Lifesciences saw major promoter selling. Jusmiral Holdings sold 3.41 lakh shares (8.9% stake) worth Rs 3,093.8 crore at Rs 906 per share. HDFC Mutual Fund and SBI Mutual Fund were among the key buyers.
Awfis Space Solutions witnessed activity as HDFC Mutual Fund picked up 5 lakh shares worth Rs 29 crore, while Vbap Holdings offloaded 8 lakh shares worth Rs 46.3 crore.
De Neers Tools promoters and shareholders sold a 4.92% stake, amounting to Rs 8.88 crore.
MIC Electronics saw its promoter entity RRK Enterprise sell 20 lakh shares at Rs 68 per share.

Block deal

In block deals, BNP Paribas Financial Markets acquired 76,468 shares of GE Vernova T&D India for Rs 22.88 crore from Marshall Wace Investment Strategies.

SME listing