SENSEX, NIFTY50 rangebound; ACME Solar, Jupiter Wagons, Infosys, Tega Industries among buzzing stocks

The Indian equity benchmarks were trading in a narrow range in noon deals on Thursday, September 11, as gains in Reliance Industries, Axis Bank, NTPC, ITC and Eternal were offset with losses in Infosys, HDFC Bank, Larsen & Toubro, Titan, Ultratech Cement and ICICI Bank. The SENSEX was trading in a band of 367 points and NIFTY50 index touched an intraday high of 25,008 and a low of 24,940.

As of 12:20 pm, the SENSEX was up 80 points at 81,505 and NIFTY50 index advanced 23 points to 24,995.

On the National Stock Exchange, trading volume spiked by 10 times to 33.37 lakh shares against an average trading volume of 3.21 lakh shares.

On the BSE, as many as 99,000 shares changed hands compared with an average of 24,000 shares traded daily in the past two weeks.

"We are thrilled to announce that our material subsidiary, Jupiter Tatravagonka Railwheel Factory Private Limited, has received a Letter of Acceptance (LOA) dated September 9, 2025 from Ministry of Railways, Railway Board. This LOA pertains to the supply of total 9,000 LHB Axles for FIAT-IR Bogies, with an aggregate order value of approximately Rs. 113 crore," Jupiter Wagons said in a regulatory filing.

The stock jumped as much as 5.17% to hit the day's high of ₹318 on the NSE in the trade, its 52-week peak level.

The rally in stock price could be attributed to an update the company shared this morning.

If approved, this will be the fifth buyback by the IT services major.

The stock of the company has rallied nearly 7% in the past two sessions, following the share buyback proposal.

The IT major's last share buyback took place in 2022, when the company spent ₹9,300 crore to buy shares with a maximum buyback price of ₹1,850 per share.

The stock fell as the company has announced an intent to acquire Molycop in consortium with Apollo Funds at an enterprise value of approximately $1.5 billion.

Apollo Funds is a high-growth, global alternative asset manager.

In its regulatory filing, Tega Industries on Wednesday said, "Tega Industries (NSE: TEGA), in consortium with funds managed by affiliates of Apollo (NYSE: APO) (the “Apollo Funds”), has today entered into a term sheet to acquire Molycop, a leading global supplier in grinding media for the mining industry, from an affiliate of American Industrial Partners (AIP) at an enterprise value of ~USD 1.5 billion."

In August 2025, news reports said that the Centre has given clearance to the Defence Ministry and Mazagaon to begin negotiations for the deal to buy six submarines to be built in India with German support under ‘Project 75 India’.

This comes after the company entered a definitive agreement with Johnson & Johnson affiliate Janssen Pharmaceutica NV (JPNV) to acquire the Stugeron brand for $50.5 million or approximately ₹445 crore.

The pharmaceutical will acquire Stugeron’s leading brands, including Stugeron FORTE and Stugeron PLUS, as well as its related assets (STUGERON portfolio) across 18 markets in the Asia-Pacific (APAC) and Europe, the Middle East, and Africa (EMEA) regions, with India and Vietnam being its key markets, Dr Reddy’s said in a regulatory filing dated September 10.

The agreement significantly enhances SpiceJet’s liquidity and supports its ongoing restructuring efforts.

“These liquidity enhancements are part of an overall settlement agreement with Carlyle Aviation Partners and its affiliated entities, under which the lessors shall restructure certain lease obligations totalling US$121.18 million in conjunction with the issuance of equity shares aggregating to US$50 million,” SpiceJet said in a regulatory filing.