Dr. Reddy’s, BEML, Vedanta, Eternal among buzzing stocks as SENSEX jumps over 200 pts; NIFTY trades above 23,300

Benchmark indices, SENSEX and NIFTY50, continued trading in positive territory in the afternoon session on Friday, September 18, driven by positive global cues and buying in tourism, railway PSU, realty and cement stocks.

Investor sentiment was further boosted as global crude oil prices declined and US bond yields eased. Additionally, Moody's Ratings raised India's GDP growth forecast for the 2026-27 fiscal year to 7%, from 6% earlier.

The SENSEX surged as much as 0.4% to hit an intraday high of 74,593.82, while the NIFTY50 soared as much as 0.4% to touch the session’s peak of 23,360.55.

At 1:12 PM, the S&P BSE SENSEX rose by 247.66 points, or 0.33%, to trade at 74,562.26. Meanwhile, the NIFTY50 stood at 23,330.65, marking a 60.05-point, or 0.26% increase.

The NIFTY50 index was bolstered by buying in the shares of InterGlobe Aviation (IndiGo), UltraTech Cement, HDFC Bank, Shriram Finance and Adani Enterprises, which were among the top gainers,

On the other hand, the top losers included Tata Motors PV, Tata Consultancy Services (TCS), Tech Mahindra, Infosys and HCL Technologies.

Buzzing stocks on September 18: Check list

Shares of Tata Group companies such as TCS, Tata Motors Passenger Vehicles and Tata Chemicals declined on Friday, September 18, following developments at Tata Sons after its board meeting on Thursday.

In a key development, the Tata Sons board voted to reappoint N Chandrasekaran as executive chairman for another five-year term, with Tata Trusts Chairman, Noel Tata, voting against the resolution. The board approved the reappointment by a 4-1 vote, with Chandrasekaran abstaining.

The development comes against the backdrop of the RBI’s rejection of Tata Sons’ request to surrender its core investment company registration, keeping the possibility of a listing of the holding company in focus. Tata Sons has said it will seek guidance from the RBI, Tata Trusts and other stakeholders on the regulatory requirements.

Shares of Adani Group companies advanced on September 18, with Adani Power, Adani Ports and Adani Energy Solutions among the stocks drawing attention after Jefferies highlighted several growth drivers across the group’s infrastructure and energy businesses.

GPT Infraprojects shares gained as much as 8.5% to hit an intraday high of ₹123.32 apiece on the National Stock Exchange (NSE) on Friday, September 18, a day after the company bagged a bridge project from Rail Vikas Nigam Limited (RVNL) Bhubaneswar.

The ₹483.72 crore order includes the construction of Bridge 544, an open-web steel girder bridge over the Mahanadi River. The project is 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 project is expected to be completed in 1,095 days.

The stock of Vedanta Ltd climbed as much as 1.7% to reach the session’s peak of ₹261.90 per equity share on the NSE, as the company, in its board meeting on Friday, September 18, considered and approved the issuance of non-convertible debentures (NCDs) on a private placement basis to raise funds aggregating up to ₹3,500 crore from investors.

As per the NSE filing, Vedanta Ltd will issue up to 3,50,000 or 3.5 lakh non-convertible debentures, each at a face value of ₹1 lakh apiece in order to raise up to ₹3,500 crore from the fundraising move.

The overall fundraising move will be carried out in one or more tranches, the company said.

NLC India shares advanced as much as 2.8% to hit an intraday high of ₹269.70 apiece on September 18, as it said that Dr. Prasanna Kumar Acharya, Director (Finance), has been appointed as the Chairman cum Managing Director (CMD) of the company.

According to a regulatory filing, the Ministry of Coal, Government of India, conveyed the approval of the President of India for the appointment of the CMD.

Dr. Acharya assumed the position of CMD of NLC India on September 17, 2026, and will hold office for a period of five years, “subject to such terms and conditions as may be determined by the Government of India”.

Consequently, he has relinquished the position of Director (Finance) & CFO of NLC India with effect from the date of appointment (September 17).

The stock of Eternal, the parent company of quick-commerce platform Blinkit, rose as much as 2.29% to ₹329.75 per equity share in Friday’s trade as the platform brought Apple’s latest iPhone 18 Pro and iPhone 18 Pro Max to its quick-commerce offering in select Indian cities.

The latest iPhone models went on sale in India on Friday, September 18, with Blinkit offering customers the option to get the devices delivered within minutes.

The move comes as quick-commerce platforms increasingly expand beyond everyday essentials into high-value electronics.

BEML shares jumped as much as 5.34% to hit an intraday high of ₹2,121 per unit on Friday, as it secured an order valued at over ₹5,400 crore from National High Speed Rail Corporation Limited (NHSRCL).

According to a regulatory filing, the order is for the supply and maintenance of high-speed rolling stock and allied works for the Mumbai-Ahmedabad High Speed Rail (MAHSR) Corridor.

The stock of Skyways Air Services soared as much as 15% to hit an intraday high of ₹135.35 per equity share on Friday as the company reported its earnings for the April-June quarter of the 2026-27 financial year (Q1 FY27).

According to a regulatory filing, the logistics and freight-forwarding company’s consolidated net profit (attributable to equity holders of the parent) surged 190.12% or nearly three-fold year-on-year (YoY) to ₹19.67 crore in Q1 FY27, as against ₹6.78 crore in the same period last year.

Furthermore, the company’s board of directors declared its first interim dividend of ₹0.25 per equity share, with a face value of ₹10 each for the 2026-27 financial year (FY27). It also fixed Friday, October 9, 2026, as the record date for the dividend.

The firm’s board, based on the recommendation of the Nomination and Remuneration Committee, at its meeting, designated Yashpal Sharma as the Chief Executive Officer (CEO), in addition to his existing designation of Chairman and Managing Director.

ACME Solar Holdings shares surged as much as 5.7% to hit a 52-week high of ₹434.90 apiece, as investors focused on the company’s latest Battery Energy Storage System (BESS) operational update amid management’s focus on capex expansion.

ACME Solar disclosed that the company’s wholly-owned subsidiary, ACME Greentech Seventh Private Limited, has successfully commissioned Phase-II of the BESS component in a project located in Rajasthan.

The renewable energy producer also said that a power purchase agreement has been signed with SJVN, with long-term project financing from REC.

Redington shares jump over 3% to hit a record high of ₹413.20 apiece on Friday, September 18, as Apple’s latest iPhone series goes on sale.

The integrated technology solutions provider is a major Apple distributor in India, so strong demand for the new premium iPhone models could support its distribution volumes and revenue.

Dr. Reddy's Laboratories stock rose as much as 2.8% to reach an intraday high of ₹1,207.50 per equity share, after it entered into an exclusive distribution and marketing agreement with Takeda Biopharmaceuticals India Private Ltd for Qdenga in the private market in India.

Qdenga is a dengue vaccine developed by Takeda to protect against all four dengue virus serotypes, it said in a regulatory filing.

Pursuant to the terms of the Agreement, Dr. Reddy’s will be exclusively responsible for distribution and marketing of Qdenga in the private market in India, while Takeda will retain commercialisation rights in the public market in India and will be responsible for manufacturing and importation of the vaccine.

Shares of real estate developer Veegaland Developers Limited debuted at ₹154 apiece on the NSE on Friday, September 18. This reflects a premium of 10% over the IPO issue price of ₹140 per equity share. On the BSE (formerly Bombay Stock Exchange), the stock is listed at ₹151 per share, up 7.86% from the issue price.

A lot consisted of 107 shares and cost ₹14,980. Investors who received the Veegaland Developers IPO allotment made ₹1,498 per lot, taking the value of their investment to ₹16,478, as per the listing price on the NSE.

The ₹210 crore initial public offering was only a fresh issuance of 1.50 crore shares, with no offer for sale (OFS) component.