Welspun, Whirlpool, Wheels India among buzzing stocks as SENSEX, NIFTY50 trade flat in noon deals

The Indian benchmark indices, SENSEX and NIFTY50, were trading flat during the afternoon session on Friday, September 25, paring early gains.

At 1:38 PM, the S&P BSE SENSEX declined by 11.92 points, or 0.02%, to trade at 73,568.62. Meanwhile, NSE’s NIFTY50 stood at 23,035.85, down by 27.25 points, or 0.12%.

On Thursday, the foreign institutional investors (FIIs) sold shares worth ₹5,027.36 crore, while the domestic institutional investors (DIIs) purchased equities worth ₹4,301.18 crore on a net basis, according to exchange data.

The top losers in the index included Max Healthcare Institute, Tata Motors PV, Trent, Infosys, and Oil and Natural Gas Corporation (ONGC).

Conversely, the top gainers were Axis Bank, Asian Paints, Mahindra & Mahindra, HCL Technologies, and Coal India.

Buzzing stocks on September 25: Check list

Shares of Welspun Corp jumped as much as 5.35% to ₹2,836.50 apiece on the National Stock Exchange (NSE) on Friday, September 25, after the company’s US subsidiary, Welspun Tubular LLC, secured its largest-ever order for High-Frequency Induction Welded (HFIW) pipes, valued at around $412.5 million (₹4,000 crore).

The pipes will be manufactured at its upgraded facility in Little Rock, USA, with execution scheduled for FY28 and FY29.

With the order, Welspun Corp’s global order book has reached a record $4.7 billion (around ₹45,000 crore).

Force majeure refers to a legal clause in contracts that excuses parties from their obligations when an extraordinary, uncontrollable event prevents fulfilment of the contract.

Oracle cannot terminate the lease under any circumstances, the report said, adding that alternative asset manager Blue Owl has about $3 billion in equity in the project, with Oracle responsible for paying the debt costs.

Shares of Natco Pharma declined on the NSE, despite its board of directors approving raising funds up to ₹1,279.36 crore through the issuance of a rights issue on a private placement basis.

According to a regulatory filing, the drug manufacturer’s board approved the proposal to issue 1.71 crore (or 1,70,58,082) rights equity shares, with a face value of ₹2 each. The issue will have a rights issue price of ₹750 per rights equity share, and will include a premium of ₹748 per rights unit.

The company’s board of directors also fixed Thursday, October 1, 2026, as the record date for determining the eligibility of members for the rights issue.

The issue will open on Monday, October 12, 2026, and close on Thursday, October 22, 2026. Furthermore, the rights issue’s will have an on-market renunciation between Monday, October 12, and Friday, October 16, 2026.

Wheels India stock advanced as much as 5.5% to hit an intraday high of ₹2,300 per equity share on Friday, as the company launched its qualified institutional placements (QIPs) on September 24.

According to a regulatory filing, the company’s Fundraiser Committee approved launching the QIP at its meeting on Thursday, September 24.

The firm also set the floor price at ₹2,197.10 per equity share, with the option to offer a discount of up to 5%.

It further stated that the company will determine the issue price for the ₹180 crore QIP in consultation with the lead manager on September 25.

ESDS Software Solution shares declined to hit a lower circuit, snapping its four-day winning streak at the opening bell on Friday, September 25, as the IT-enabled services company’s Q1 FY27 earnings growth failed to impress equity investors due to shrinking margins.

NSE filings showed that ESDS Software recorded a 14% year-on-year (YoY) growth in its consolidated net profit after tax (PAT) to ₹29 crore in the April to June quarter of the financial year 2026-27, in comparison to ₹26 crore in the same period a year earlier.

ESDS’s net profits declined 57% on a quarter-on-quarter basis to its Q1 levels, from ₹67.67 crore in the Q4 FY26 results.

The company’s revenue from core operations advanced 7.2% to ₹134 crore in the June quarter, from ₹125 crore in the same quarter of the previous financial year, as per the exchange data.

Shares of auto components maker Hero Motors rose 20% to hit its upper circuit level on the third trading session after listing on the stock exchanges.

The stock was trading at ₹141.69 per share on the National Stock Exchange (NSE). Its market capitalisation stands at ₹6,435.78 crore.

The scrip is trading 68.67% higher than the IPO issue price of ₹84. The stock had debuted at ₹82 per share on the NSE on September 23. This reflects a discount of 2.38% from the IPO issue price of ₹84.

PB Fintech stock gained as much as 4.5% to hit an intraday high of ₹1,261.70 on the NSE, a day after the stock nosedived 36% — its worst single-day fall on record. However, the stock reversed its early gains and was trading in the red, falling 7.6% to the session’s low of ₹1,115 per equity share.

Insurance-linked stocks witnessed heavy selling pressure on Thursday, with insurance distributors PB Fintech and Turtlemint Fintech among the worst hit, after the Insurance Regulatory and Development Authority of India (IRDAI) proposed changes to the commission structure and regulations governing insurance distributors.

The proposed changes have raised concerns over their potential impact on distributor revenues and the broader insurance distribution ecosystem, triggering a sharp sell-off across insurance and financial stocks.

Shares of Whirlpool of India surged 12.48% to hit an intraday high of ₹960 after the company clarified that it is not a party to discussions or negotiations with Whirlpool Corporation, the promoter selling stake in the company.

The clarification came in response to a news report about its promoters’ plans to sell their entire stake in the company.

“The Company clarifies that the said news article relates to its promoter company and not to Whirlpool of India Limited. The intent of Whirlpool Corporation to reduce its shareholding in the Company has been in the public domain since January 30, 2025. However, the Company has not been a party to any negotiations that Whirlpool Corporation may have been having with potential buyers,” it said in a regulatory filing.

Subsequently, the company said it took steps to amend various intercompany arrangements in the interest of the company, which was disclosed to the stock exchanges on October 16, 2025.

Adani Enterprises Ltd (AEL) stock surged 1.3% to touch an intraday high of ₹2,937.60 per equity share on Friday’s market, as equity market investors focused on a ₹2,498 crore share buy-and-sell transaction during the morning block deal window on the National Stock Exchange.

NSE website data showed that a block deal with a total value of ₹2,498.30 crore was recorded at AEL during the Friday morning deals window, a transaction which involved 86,00,000 or 86 lakh equity shares exchanging hands between an unnamed set of buyers and sellers.

Further details related to the mega block deal, which include the names of the buyer and seller and the weighted average trading price, are scheduled to be disclosed by the stock exchanges after the market operating hours on September 25.

Transport Corporation of India (TCI) shares rallied as much as 14.6% to hit an intraday high of ₹955 apiece after the company disclosed that the board of directors will consider an equity share buyback proposal next week.

In an exchange filing, Transport Corporation of India informed the exchanges that the board of directors are scheduled to meet next week on Tuesday, September 29, 2026, to consider and approve the proposal of a share buyback.