Stocks to watch, Sept 25: PB Fintech, SAIL, Sedemac Mechatronics, Dr Lal Pathlabs, Genesys International, Wheels India

The domestic stock market is expected to open lower on Friday, September 25. GIFT NIFTY futures suggest the NIFTY50 index will open 21 points lower.

“If distribution was the engine, taking it out won’t make the car lighter and faster,” PB Fintech said, highlighting its concerns over the potential impact of the proposed changes on the insurance distribution ecosystem.

The entities sold 48.79 lakh shares at an average price of ₹3,010 apiece. NRJN Family Trust, Mace Pvt Ltd, A91 Emerging Fund II LLP and Xponentia Capital Partners together sold 44.74 lakh shares, while HDFC Life Insurance Company offloaded 4.04 lakh shares.

On the other side, domestic and foreign institutional investors bought an equal number of shares at the same price. Buyers included mutual funds managed by SBI, Invesco, Franklin Templeton, Axis, Aditya Birla Sun Life and ICICI Prudential. HDFC Life also purchased nearly 4.02 lakh shares.

The acquisition, through a slump sale, will mark R R Kabel’s entry into the optical fibre cable segment and expand its presence in the communication cable business. U M Cables reported a turnover of ₹78.19 crore in FY26.

The transaction is expected to be completed within 60 days of signing the Business Transfer Agreement, subject to customary conditions.

The transaction also includes a performance-linked earn-out capped at ₹31.5 crore, the company said in a regulatory filing.

Following the acquisition, SN Genelab will become a subsidiary of Dr Lal PathLabs.

Dr Lal PathLabs aims to strengthen the company's expertise in genomics and broaden its portfolio of advanced diagnostic services.

The project, which will cover around 625 sq km and digitally map nearly 25 lakh properties and key civic infrastructure, is expected to be completed over two-and-a-half years.

The company has fixed the floor price at ₹2,197.10 per equity share, with the option to offer a discount of up to 5%.

The issue price is scheduled to be decided on September 25.

Waaree Clean Energy Solutions (WCES), a wholly-owned subsidiary of Waaree Energies, aims to become a one-stop supplier to the country's semiconductor and solar cell manufacturers, the company said in an exchange filing.

India is expanding chip and electronics manufacturing under the Semicon India 2.0 programme. High-purity process gases and chemicals are still largely imported, and that supply has become a critical bottleneck, the company said.

WCES is building a speciality gases plant at Dahej in Gujarat to reduce this supply gap.

Waaree Energies operates manufacturing facilities with a total solar PV module capacity of approximately 29 GW and solar cell capacity of up to 15.4 GW.

To make tax payments, taxpayers can choose from multiple payment options, the private sector lender said.

The integration with the Central Board of Direct Taxes (CBDT) is designed to make tax payments simpler and more convenient for taxpayers, irrespective of their banking relationship, it added.

Customers can also easily access and download challans and payment confirmations, the bank noted.

"With this integration, taxpayers can use their preferred payment mode- whether UPI, internet banking, debit cards or credit cards- through a secure and seamless platform," said Shirish Bhandari, Head - Retail Liabilities, Cards & Payments, IDFC FIRST Bank.

On July 22, the company's board had approved raising up to ₹600 crore through multiple financial instruments, including a QIP issue.

The company's shares fell 0.20% to close at ₹174.25 per share on BSE.

In an exchange filing, Inox Green Energy Services Ltd (IGESL) said its committee of the board of directors on Thursday approved the floor price for the QIP issue at ₹174.36 per equity share (floor price).

The company said it may, at its discretion, offer a discount of not more than 5% on the floor price so calculated for the issue.

The issue price of the equity shares will be determined by the company in consultation with the book running lead manager appointed for the issue.

The top company official made the remarks addressing the 54th Annual General Meeting (AGM) of Steel Authority of India Ltd (SAIL).

Sharing the future roadmap of the company, Panda said, "SAIL is focused on expanding crude steel capacity to 35 MTPA by FY 2030-31, supported by green capacity creation, adoption of low carbon technologies, digital enablement, enhanced customer engagement, increased share of value added and special steels, and deeper integration with retail and MSME ecosystems."

SAIL, a PSU under the Ministry of Steel, is India's largest public sector steel company having an overall capacity of over 20 million tonnes. The company is implementing expansion plans across its five integrated steel projects.

Sanofi Healthcare India is a major subsidiary of the global pharmaceutical leader Sanofi SA, operating in the country for nearly seven decades.

Sanofi Healthcare India Pvt Ltd purchased 35 lakh shares, amounting to a 15.19% stake in Mumbai-based Sanofi India, according to the block deal data on the National Stock Exchange (NSE).

The shares were picked at an average price of ₹3,052 apiece, taking the deal value to ₹1,068.20 crore.

Meanwhile, Hoechst GmbH, one of the promoters of Sanofi India, sold an equal number of shares at the same price, as per the data.