Top Stocks to Watch on September 18: LIC, Tata Power, IHCL, and More
Tata Power: Tata Power has achieved a significant milestone in its renewable energy efforts. Praveer Sinha, CEO of Tata Power, shared in an interview with CNBC-TV18 that the company’s 4.3 gigawatt (GW) solar module manufacturing plant near Tuticorin, Tamil Nadu, is now operating at full capacity after being in operation for nearly a year.
Jupiter Wagons: On September 17, Jupiter Wagons announced the renaming of its subsidiary Bonatrans India Pvt. Ltd. to Jupiter Tatravagonka Railwheel Factory Pvt. Ltd. The company also revealed plans to invest Rs 2,500 crore to increase the annual production capacity of the renamed factory from 20,000 forged wheelsets to 100,000.
Zydus Lifesciences: Zydus Lifesciences will acquire Sterling Biotech's 'Target Business,' which focuses on fermentation-based active pharmaceutical ingredients and includes a production facility in Masa, Gujarat. The acquisition will be completed for Rs 84 crore.
LIC and Biocon: Life Insurance Corporation of India (LIC) has raised its stake in Biocon Ltd. According to an exchange filing on September 17, LIC increased its shareholding from 5,98,14,429 shares to 6,03,14,429 shares, boosting its stake from 4.982% to 5.023% of Biocon’s total equity.
Indian Hotels Company Ltd (IHCL): IHCL has announced the opening of a new Gateway brand resort in Barnala, Punjab. The 9-acre property will feature 100 villas and rooms, an all-day diner, a specialty restaurant, a 7,000 sq ft banquet hall, and meeting rooms.
Torrent Power: Torrent Power has signed a memorandum of understanding (MoU) with the Gujarat Government for a 5 gigawatt (GW) solar, wind, or solar-wind hybrid project in Dwarka District, Gujarat. The company also received a letter of intent for the procurement of 1,500 MW energy storage capacity from Maharashtra State Electricity Distribution Co.
Bandhan Bank: Bandhan Bank has increased its fixed deposit (FD) interest rates, now offering up to 8.55% on one-year deposits as part of its strategy to attract more depositors in a competitive market.
SKF India: SKF India’s parent company, AB SKF, announced plans to separate its global automotive business and list it on Nasdaq Stockholm by mid-2026.
IndiGo: The Directorate General of Civil Aviation (DGCA) has launched an investigation into a tail strike incident involving IndiGo flight 6054. Additionally, global investment firm Jefferies has rated the airline as a "buy" with a target price of Rs 5,225.
