Stocks in news: Tata Power, Jio Financial Services, Bharat Electronics and Hindustan Copper

Indian equity markets remained range-bound during Wednesday's session, with the NSE Nifty50 slipping below the crucial 24,300 mark. At close, the Nifty 50 stood at 24,207.75, down 126.80 points, or 0.52%.

From a technical perspective, the Nifty formed a Dark Cloud Cover pattern on the daily timeframe, raising the possibility of a bearish move in the coming days. However, the broader trend remains positive as the index continues to trade within a rising channel.

Overall, range-bound trading continues, with sellers emerging at higher levels. The RSI has once again entered a bearish crossover, said Rupak De, Senior Technical Analyst at LKP Securities. A fall below 24,130, he believes, could trigger a serious correction, potentially dragging the Nifty towards 23,900 and 23,700. On the higher end, a rock-solid resistance is placed at 24,350. Only a sustained move above 24,350 could change the current perception; until then, choppiness is likely to prevail.


Against this backdrop, shares of Tata Power, Jio Financial Services, Bharat Electronics, Hindustan Copper and several other companies are likely to remain in focus on Thursday following key corporate developments.

Tata Power

The Singapore International Commercial Court has dismissed the company's challenge to arbitral awards dated July 1, 2025 and August 27, 2025 in proceedings initiated by Kleros. Tata Power said it will appeal the decision to the Singapore Court of Appeal within the 28-day period.

Jio Financial Services

Jio Credit's gross assets under management crossed ₹30,000 crore in Q1 FY27, rising 163% year on year. Disbursements increased 173% year on year to ₹11,252 crore, CEO Hitesh Sethia said at the company's AGM.

Bharat Electronics

The defence electronics company has received additional orders worth ₹730 crore since its last disclosure on August 10.

GK Energy

The company received a Letter of Empanelment for a ₹455-crore contract from a state government-owned power distribution company to install rooftop solar systems at 1 lakh households.

Hindustan Copper

The BSE and NSE have each imposed a ₹14.43-lakh fine on the company for non-compliance with requirements relating to the composition of the board and constitution of committees under SEBI's LODR Regulations.

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Max Healthcare Institute

The company's wholly owned subsidiary Alps Hospital has received a show-cause-cum-demand notice from DGGI, Mumbai, alleging non-payment of GST on variable management fees.

ICICI Prudential AMC

Prudential Corp Holdings is planning to sell a 2% stake in the company through a block deal, according to sources. The deal is pegged at ₹3,121 crore, with the offer price in the ₹2,998–₹3,158 range, implying a 2–7% discount to the current market price.

Mold-Tek Packaging

The board approved a 1:1 bonus issue, subject to shareholder approval, and recommended a ₹3 per share final dividend for FY26.

Bharat Coking Coal

The NSE and BSE have each imposed a ₹9.43-lakh fine on the company for non-compliance with certain SEBI LODR provisions for the quarter ended June 30, 2026.

Welspun Investments and Commercials

The company completed the sale of 60 lakh Welspun Corp shares at ₹2,275.30 apiece, for a total consideration of ₹1,365.18 crore. It now holds 7.58 lakh shares in Welspun Corp.

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