Key stocks in focus for September 4 trading after major announcements
Indian stock market investors are expected to monitor several companies on Friday, September 4, following key business developments announced after market hours on Thursday.
UltraTech Cement disclosed its entry into the wires and cables segment through the launch of Ultravolt, backed by an investment of ₹1,800 crore. The Aditya Birla Group stated that Ultravolt, housed under UltraTech Cement, aims to become one of the top two players in the segment within five years.
Power Grid Corporation of India was declared the successful bidder for an inter-state transmission project linked to renewable energy integration in Gujarat. The project carries quoted annual transmission charges of ₹1,152.49 crore, with the Letter of Intent received on September 3.
Sterlite Technologies announced board approval for a ₹3,000 crore capacity expansion plan at its existing facilities to meet rising global demand for optical fibre cables. The expansion will be funded through internal accruals and/or debt.
Solex Energy secured work orders worth ₹74.77 crore from domestic entities for the manufacture and supply of solar photovoltaic modules, to be executed by December 2026, reinforcing its order pipeline.
CreditAccess Grameen raised ₹300 crore via private placement of non-convertible debentures, fully subscribed and bilaterally placed with Barclays Bank PLC, to support the growth of its credit offerings in rural and semi-urban markets.
Innovision received a ₹48.25 crore contract from NHAI for the operation of the Mangapatnam Fee Plaza in Andhra Pradesh, covering user-fee collection and maintenance of adjacent facilities.
Ramco Systems signed a memorandum of understanding with Safran Helicopter Engines to integrate Safran's engine data with Ramco Aviation Software, aiming to reduce manual data entry and improve maintenance accuracy for helicopter operators.
Welspun Investments said its subsidiary has approved a proposed investment of up to ₹1,000 crore in Indivara Realty, following board approval.
Diamond Power Infrastructure received a Letter of Acceptance worth ₹76.06 crore from a domestic EPC contractor for the supply of 66 kV Extra High Voltage underground power cables for a transmission project in Gujarat.
On the broader market front, the Nifty closed 0.17% lower at 23,873 and the Sensex ended 0.55% down at 76,152 on Thursday, marking the fourth consecutive session of losses for both indices. However, the Nifty Smallcap 100 surged 1.40% and the Nifty Midcap 100 gained 0.27%, indicating some resilience in broader markets.
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