Stocks to Watch, September 30: IRFC, Tata Motors, IndiGo, Max Healthcare, BEL, Avenue Supermarts, Bharat Forge

The major orders the state-run aerospace and defence electronics player received include EW system upgrades, defence network upgrades, tank subsystems, TR modules, communication equipment, EVM, spares, services, and others, it said in a regulatory filing.

Paris-based BNP Paribas, through its affiliate BNP Paribas Financial Markets, purchased 19.52 lakh equity shares, representing a 0.97% stake, in the city-based Hero MotoCorp, as per the bulk deal data available on the National Stock Exchange (NSE).

The transaction was valued at around ₹1,035.16 crore and was executed at an average price of ₹5,302.91 apiece.

Details of the sellers of Hero MotoCorp's shares could not be ascertained on the exchange.

According to the bulk deal available on the NSE, Motilal Oswal Mutual Fund (MF) purchased nearly 32 lakh equity shares, or a 0.65% stake, in Pune-based Bharat Forge.

The shares were acquired at an average price of ₹1,217.32 apiece, taking the transaction value to ₹377.73 crore.

Details of the sellers of Bharat Forge's shares could not be ascertained on the National Stock Exchange (NSE).

The commercial paper, which has been issued on Monday and will mature after 91 days on December 29, 2025, bears a coupon rate of 6%.

The said commercial paper (CP) is “proposed to be listed on the BSE,” said a regulatory filing by the company. The CP has a credit rating of ‘ICRA A1+’, it added.

In a separate filing, Avenue Supermarts informed that it opened a new store in New Delhi at Epicah Mall & Business Centre, Moti Nagar, on Tuesday.

With this, the total number of D-Mart stores "as on date stands at 431", it added.

To support new customers and encourage business growth, those signing up between October 1 and December 31 will not be impacted by the upcoming General Price Increase (GPI), it said.

This pricing adjustment is essential to maintaining speed, reliability, and customer-centric solutions while addressing the impacts of inflationary pressures, escalating airline costs, and the complexities of global supply chains, the company said.

Three independent directors, Seema Bahuguna, Naveen Bhushan Gupta and PV Bharathi, resigned as Independent Directors of the company in the last few days.

"The management is surprised by the unexpected resignation of the aforementioned independent directors and more so because of the reasons cited in their resignation letters. None of them had ever discussed such issues with the Board of Directors or the management prior to submitting their resignations," PFS said in a regulatory filing.

The sudden exit of these independent directors raises questions over corporate governance.

The rating agency affirmed the Mumbai-based auto major's Ba1 corporate family rating (CFR).

"The outlook change to negative from positive reflects our view that a full recovery in credit metrics will likely take several months," said Sweta Patodia, a Moody's Ratings Assistant Vice President and Analyst.

The cyber incident at JLR highlights the customer relations risk captured under social risk considerations within the ESG framework and is the key driver of the rating action, she added.

The partnership will combine MapmyIndia’s advanced mapping technologies with Matrix Geo’s drone and LiDAR expertise to deliver real-time mapping, digital twins, and sustainable development solutions across India, it said.

C.E. Info Systems is the operator of MapmyIndia.

In a statement on Monday, the company said it has already adopted proactive dust mitigation measures such as installation of air quality monitoring sensors, periodic sprinkling, use of covering materials, and capacity building of site staff.

The new pilot with WRI India will further strengthen these efforts.

Lalit Kumar Aggarwal, co-founder and vice chairman of Signature Global (India) Ltd, said, "Through this partnership with WRI India, we aim to demonstrate how data-driven approaches can make dust mitigation more effective and scalable."