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Top stocks in focus tomorrow: Investors must watch Wipro, Bharat Electronics, DMart shares on Fri, 18 Sept
Investors in the Indian stock market will track developments from companies such as Bharat Electronics and Oil India on September 18. The market demonstrated modest gains on September 17, with the Nifty 50 up 0.23%, despite the US Federal Reserve's rate hike.
Indian stock market investors are likely to track several companies on Friday, September 18, following key business developments, order wins, investment plans, expansion initiatives, partnerships, and other corporate announcements.
Bharat Electronics, Oil India, PB Fintech, Responsive Industries, and Avenue Supermarts are among the stocks likely to remain in focus. Wipro and PTC India may also attract attention following announcements made by the companies.
The Indian stock market closed Thursday’s trade on 17 September with modest gains, as traders shrugged off the US Federal Reserve’s rate hike, which had been largely priced in.
The Nifty 50 wrapped up the session at 23,270, up 0.23% from the previous close, while the Sensex gained 0.10% to 74,413. The broader market, however, outperformed the frontline indices, with the Nifty Midcap 100 index surging 1% and the Nifty Smallcap 100 rallying 0.76%.
Bharat Electronics: Secured additional orders worth ₹648 crore since its last disclosure on 26 August. The orders include laser-based IR jammers, communication equipment, cybersecurity solutions, thermal imagers, AI-based software, TR modules, upgrades, spares and services.
Wipro: The tech major partnered with Aramco and SAP to launch Wipro STO360, a solution designed to help asset-intensive organisations manage shutdowns, turnarounds and outages more efficiently.
Oil India: Plans to invest ₹150 billion over the next three years in deepwater exploration projects in India. The company is also targeting higher domestic oil and gas production, accelerated exploration and selective expansion in clean energy.
PB Fintech: The fintech company denied market speculation that Chairman, Executive Director and Group CEO Yashish Dahiya plans to resign. The company said Dahiya will continue in his current roles and lead its growth strategy.
Responsive Industries: It decided not to proceed with its proposed share buyback at this stage, citing prevailing market conditions, global economic uncertainties and their impact on its export business. The board may reconsider the proposal in the future.
Bharat Forge: The company opened its Qualified Institutional Placement (QIP) on September 17, with the floor price fixed at ₹1,947.70 per share.
Petronet LNG: It approved a 50:50 joint venture with Gruner Renewable Energy to establish 10 compressed biogas (CBG) plants across India. The plants will have a combined capacity of 180 tonnes per day, with an estimated capital outlay of ₹1,200 crore.
Avenue Supermarts: The company said it opened a new store in Narayanpur, Dharwad, Karnataka, taking its total store count to 510.
PTC India: Incorporated a joint venture, NIRL PTC Renewables, with NLC India Renewables to explore and develop green energy projects. PTC India holds a 26% stake in the JV.
Disclaimer: We advise investors to check with certified experts before making any investment decisions.
Ksheera Sagar has been working as a Market Research Analyst at LiveMint for the past four years, covering stocks, commodities, and broader financial markets. In this role, he closely tracks daily market movements, corporate earnings, sector trends, and macroeconomic developments. <br><br> He has over a decade of experience in the financial services industry and has previously worked with multiple organisations, including global investment bank J.P. Morgan, bringing strong research experience into the newsroom. <br><br> During his career, he has gained extensive exposure to equity research, market analysis, and financial data interpretation, strengthening his expertise across asset classes and market cycles. <br><br> He is known for his data-driven analysis and crisp, listicle-style market stories that break down complex financial developments across key markets for a wide audience. His strong research skills enable him to write detailed and insightful stories on stocks and sectors, focusing on the underlying factors driving market movements. <br><br> His work combines quantitative insights with clear storytelling, presenting financial developments in a clear and structured manner. Moreover, he enjoys writing multibagger and listicle-style copies. Outside of work, Ksheera enjoys playing the piano and exploring new places. He has a keen interest in travel, music, and continuously learning about global markets and economic trends.
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