Stocks in news: Tata Group, Wipro, BEL, HAL, Petronet LNG and Bharat Forge

Indian equity benchmarks ended mixed on Thursday, September 17, as heightened volatility during the closing auction session on the weekly expiry day kept investors cautious.

The NSE Nifty 50 settled at 23,270.60, up 53 points, or 0.23%, while the BSE Sensex declined 21.86 points, or 0.03%, to 74,314.59.

On the technical front, the Nifty continued its recovery after finding support near the previous swing low on the daily chart. The Relative Strength Index (RSI) is also showing signs of moving out of the oversold zone, indicating an improvement in momentum.


According to Rupak De, Senior Technical Analyst at LKP Securities, resistance for the index is placed at 23,300. A sustained move above this level could open the way towards 23,500. On the downside, support is seen at 23,200, and a break below this level could weaken the near-term trend.

Against this backdrop, shares of Tata Group companies, Wipro, Bharat Electronics, Hindustan Aeronautics, Petronet LNG, Bharat Forge and several other companies are likely to remain in focus following key corporate developments.

Tata Group Stocks

Tata Group stocks are likely to remain in focus after the reappointment of Tata Sons Chairman N Chandrasekaran for another five-year term triggered a fresh governance dispute.

Tata Trusts Chairman Noel Tata has reportedly told the Tata Sons board that the resolution is legally void and that the Trusts' nominee directors must approve the appointment of the chairman.

Wipro

Wipro has launched Wipro STO360, an AI-powered solution developed in collaboration with Aramco and SAP.

The solution is designed to help asset-intensive organisations modernise and improve the management of shutdown, turnaround and outage (STO) activities.

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Hindustan Aeronautics

Shares of Hindustan Aeronautics (HAL) could be in focus after the Ministry of Defence said the company will hand over Tejas twin-seater trainer aircraft, HTT-40 basic trainer aircraft and Dhruv Next Generation helicopters to Indian operators at an event in Bengaluru on Friday.

Bharat Electronics

Bharat Electronics (BEL) said it has secured additional orders worth Rs 648 crore since its previous disclosure on August 26, 2026.

The orders include laser-based IR jammers, communication equipment, cybersecurity solutions, thermal imagers, transducers, AI-based software solutions, TR modules, upgrades, spares and services, among other items.

Gandhi Special Tubes

Gandhi Special Tubes said it has extinguished 8,68,100 fully paid-up equity shares of Rs 5 each following the conclusion of its buyback offer.

Onida Electronics

The board committee of Onida Electronics has approved the allotment of 73,86,362 warrants, convertible into an equal number of equity shares of Re 1 each.

The warrants were allotted at Rs 35.20 per warrant, aggregating to approximately Rs 6.50 crore, to public-category investors.

GPT Infraprojects

GPT Infraprojects has received a work order from Rail Vikas Nigam (RVNL) for the construction of Important Bridge 544, involving a 32x65.84-metre open-web steel girder bridge over the Mahanadi river.

The project forms part of the construction of the third and fourth railway lines between the Nergundi-Barang section in the Khurda Road Division of East Coast Railway.

The contract is valued at Rs 483.72 crore, including GST, and Rs 409.94 crore excluding GST.

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PB Fintech

PB Fintech has denied market speculation surrounding its leadership, stating that Yashish Dahiya will continue as Chairman and Group CEO.

The company said its business strategy and growth plans continue to be executed under Dahiya's leadership, along with the senior management team.

Petronet LNG

Petronet LNG's board has approved a proposal to incorporate a 50:50 joint venture with Gruner Renewable Energy Pvt Ltd.

The proposed joint venture will establish 10 compressed biogas (CBG) plants, each with a capacity of 18 MT per day, across the country.

The estimated capital outlay for the project is Rs 1,200 crore.

Bharat Forge

Bharat Forge has launched a Qualified Institutional Placement (QIP) with a floor price of Rs 1,947.70 per equity share.

The company's Investment Committee approved the preliminary placement document and authorised the opening of the issue on September 17.

Hindustan Construction Company

Hindustan Construction Company (HCC) said its wholly owned subsidiary, HCC Infrastructure Company Ltd (HICL), has approved a proposal to incorporate a public limited company jointly with Ceigall India Ltd. HICL will hold a 51% stake in the proposed entity.

Disclosure: This article has been written by Kumar Gaurav, who is not a SEBI-registered Research Analyst or an investment advisor. Gaurav does not hold any financial interest in the company as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of the EconomicTimes Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment.