NIFTY50 below 25,400, SENSEX up 179 pts in noon deals; Heritage Foods, Urban Company among buzzing stocks

The equity benchmark indices SENSEX and NIFTY50 continued to trade positive in the afternoon session on Thursday, September 18, driven by IT stocks, after the US Federal Reserve cut interest rates by 25 basis points to a 4–4.25% range—a level last seen in December 2022.

HDFC Life Insurance was the top gainer, rising 2.64%, followed by Eternal (1.6%), Infosys (1.58%), SBI Life Insurance (1.3%) and Sun Pharma (1.18%).

On the other hand, Coal India (-0.95%), Bajaj Finance (-0.91%), ONGC (-0.81%), Hindalco Industries (0.81%), and Tata Motors (-0.69%) were the biggest laggards on the 50-share index.

Buzzing stocks on September 18: Check list

Shares of Poonawalla Fincorp zoomed 15% to hit their 52-week high of ₹513.35 apiece on Thursday as the company’s board approved the preferential allotment of 3.3 crore shares to promoter Rising Sun Holdings Private Limited.

"…the Board of Directors of Poonawalla Fincorp Limited (“Company”), today, i.e., September 17, 2025, approved the allotment of 33,148,102 fully paid-up equity shares of the Company, having a face value of ₹2 each, at an issue price of ₹452.51 per equity share [including a premium of ₹450.51, aggregating to ₹14,999,847,636.02]," the company had said in a regulatory filing on Wednesday.

"The equity shares allotted shall rank pari passu, in all respects, with the existing equity shares of the company," the filing further added.

At 12:40 AM, shares of the NBFC firm were trading at ₹500.70 per share, soaring 12%. The stock was witnessing 29.71 times higher trading volume than the daily average on Thursday.

Shares of Heritage Foods soared nearly 11% to an intraday high of ₹540 apiece as the dairy company said it would reduce prices across its product range following the government's decision to cut goods and services tax (GST) rates on dairy products.

The company said it would pass on the full benefit of the GST Council's rate rationalisation to consumers ahead of the festive season, effective September 22.

Heritage Foods reduced the maximum retail price (MRP) of long shelf-life UHT milk by ₹3 per litre, while fresh milk prices remained unchanged, as the category is exempt from GST, the company said in a statement.

The company cut ghee prices by ₹50 per litre and butter by ₹50 per kilogram. Cheese prices were reduced by Rs 50 per kg, while paneer was lowered by ₹25 per kg. In the ice cream segment, the company reduced prices by ₹35 for 950 ml packs and ₹20 for 700 ml packs.

The price cuts come as India prepares for the festive season, when dairy consumption typically increases.

At 12:46 PM, the stock was trading at ₹531.45 on NSE, rising 8.88%.

Shares of app-based beauty and home services platform Urban Company Ltd climbed on Thursday, a day after listing on the bourses.

The stock rose as much as 4.29% to ₹174, which is 68.93% higher than the issue price of ₹103 per share. At 12:46 PM, it was trading at ₹168.20, up 0.82%.

The scrip listed with a premium of 57.52% at ₹162.25 on the NSE on Wednesday. It settled at ₹166.83 apiece, which is 61.97% above the issue price.

The Urban Company IPO had received an overwhelming investor response, with the issue getting a whopping 103.63 times subscription during the three-day bidding period.

Shares of Yes Bank surged as much as 1% to an intraday high of ₹21.31 apiece on Thursday as The Federal Bank and Bandhan Bank reduced their shareholding in the lender following State Bank of India’s completion of its divestment in the private lender.

Bandhan Bank sold 15.39 lakh shares of Yes Bank to Japan’s Sumitomo Mitsui Banking Corporation (SMBC) at ₹21.50 per share. This reduced Bandhan Bank’s stake in YES Bank from 0.70% to 0.21%.

Further, The Federal Bank also “sold 166,273,472 equity shares of face value of ₹2.00 each of the Company held by the Bank, in favour of SMBC, at a consideration of ₹21.50 per share,” the lender said in a regulatory filing.

On Wednesday, State Bank of India (SBI) completed its divestment of a 13.19% stake in Yes Bank to Japan’s Sumitomo Mitsui Banking Corporation (SMBC).

Though shares of Yes Bank were trading higher in the early sessions, it lost momentum later. At 12:50 PM, the stock was seen at ₹21.07, falling 0.38%.

SEPC shares jumped over 11% to ₹13.47 apiece on the NSE on Thursday after the company announced an order win worth ₹442 crore from the Water Resources Department Delhi. 

The order is regarding the Jamaniyan to Kakrait Gangajal Uvah Irrigation Scheme under Kaimur district related to Pragati Yatra under Zamanian Pump Canal Division, Mohania. 

“This is to inform you that we have been awarded Work Allocation Order for ‘Jamaniyan to Kakrait Gangajal Uvah Irrigation Scheme’ from Generation, Water Resources Department, Delhi – 821307 for a total value of ₹4,42,79,92,121.11 (four hundred forty-two crore seventy-nine lakh ninety-two thousand one hundred twenty-one rupees and eleven paise only) under Kaimur district related to Pragati Yatra under Zamanian Pump Canal Division, Mohania,” the company said in a regulatory filing on Thursday. 

The project is scheduled to be completed in 24 months and is worth over 20% of SEPC’s market capitalisation, which stands at ₹2,084.70 crore. 

At around 12:52 pm, SEPC shares were trading 8.10% up at ₹13.08 apiece on the NSE. The stock hit its 52-week high of ₹31.55 apiece on September 18, 2024, while it was at its 52-week low of ₹10.9 per share on August 11, 2025. 

Shares of Escorts Kubota, a leading player in the agricultural and construction equipment sector, rallied as much as 4.18% to ₹3,814.90 apiece on the NSE on Thursday.

The stock was on the buyers' list as the company, in its press release on Wednesday, introduced ‘PRO588i-G’, a new combine harvester under the Kubota brand in Punjab and Haryana.

The new harvester cuts the crop’s stalk near its base (unlike conventional full-feed harvesters), reaping the full length of straw, which can be collected and reused – the long straw becoming a potential source of additional income, having utility as cattle feed and in biomass plants, it said.

This is Kubota’s new technology in India; it provides a profitable alternative to stubble burning for the farmers and can thereby help reduce air pollution in North India, Escorts Kubota said.

At 12:54 PM, the stock was trading 2.76% higher at ₹3,762.50 per share on NSE.

Shares of the renewable energy firm slipped over 2% to an intraday low of ₹3,516.10 apiece after the company said it will sell 61 lakh equity shares in promoter firm Indosolar Limited.

“…we would like to inform you that Waaree Energies Limited, being the Promoter of Indosolar Limited, proposes to sell 61,00,000 equity shares of Indosolar Limited (representing 14.66% of its issued and paid-up capital) in order to comply with the minimum public shareholding (“MPS”) requirement,” Waaree Energies said in a regulatory filing.

The proposed sale is being undertaken at BSE and NSE through the offer for sale mechanism of stock exchanges.

At 1:06 PM, shares of Waaree Energies were trading at ₹3,535 apiece on NSE, declining 1.91%.