Inox Green, Meesho, Titan, Ola Electric in Focus as Markets Eye Weak Open

Investors are likely to keep an eye on several stocks on Wednesday following key corporate developments. Inox Green Energy’s wholly owned subsidiary, Vibhav Energy Private Limited, has executed a Business Transfer Agreement with Wind World (India) Ltd to acquire its operations and maintenance business under an NCLT-approved resolution plan. Vibhav has fully paid ₹550 crore towards the acquisition on 6 October 2026, with the transfer set to complete after conditions precedent are fulfilled.

Meesho’s board has approved an investment of up to ₹50 crore in Retail Pulse Labs Private Ltd, subject to completion of the first tranche of the proposed acquisition of Kirana Club Pte. Ltd. and its subsidiary RPLPL, after which RPLPL will become a step-down subsidiary of Meesho.

Titan Company reported a 22% year-on-year increase in its domestic business and a 97% growth in international business during the second quarter. Its consumer business grew 25%, driven by a 30% rise in watches and a 28% increase in eye care, while the emerging business segment and jewellery both recorded 21% growth. The Board is scheduled to meet on October 7 to discuss a proposed rights issue of partly paid-up equity shares worth up to ₹1,000 crore.

Asian Paints, HCL Tech, and others are also in focus. HCL Group announced a ₹500 crore investment to expand HCL IT City in Lucknow, and HCLTech launched an AI upskilling programme for 1,000 students. The company’s board will meet on October 29 to consider declaring an interim dividend for FY27. Other developments include JSW Cement commissioning an additional 1 MTPA grinding unit in Nagaur, taking its total capacity to 25.1 MTPA, and Mphasis signing a £35.4 million agreement with Social Security Scotland to manage its benefits platform.