Top stocks to watch on September 23 include HCL Tech, Persistent Systems and Adani Group amid corporate developments

SUGS Lloyd has secured a ₹213.48 crore order from Marshal Enterprises for low-tension and high-tension infrastructure loss-reduction works under the RDSS scheme in Punjab. The project was originally awarded by Punjab State Power Corporation Limited.

HCL Technologies has been selected by UK-based infrastructure services provider M Group to modernise IT operations across more than 200 locations. The company will deploy its AI Force service transformation platform as part of an AI-led managed services programme.

Solex Energy, a solar PV module manufacturer, has set a revenue target of ₹4,500 crore by FY28, outlining its expansion plans at its 12th Annual General Meeting.

Adani Group firms have settled one of the probes related to a US short-seller’s accusations, as reported by Bloomberg, which is seen as reducing regulatory overhang for the conglomerate.

Allied Blenders Distillers announced that co-promoter Bina Kishore Chhabria plans to sell 55 lakh shares, representing a 1.97% stake, in the open market between September 23 and October 31 to meet minimum public shareholding requirements.

Persistent Systems has increased its stake in Nagarro to 83.25% after acquiring an additional 61.15% through a voluntary public takeover offer. The additional acceptance period for Nagarro shareholders will run from September 23 to October 6.

JSW Dulux has fixed October 22, 2026, as the record date for its proposed 1:10 stock split. Under the approved plan, each fully paid-up equity share with a face value of ₹10 will be subdivided into ten shares with a face value of Re 1 each.

The article notes that crude oil prices were under pressure, with Brent crude falling 2.5% to $97.8 per barrel, its lowest level in two weeks, following reports that Iran offered to reopen the Strait of Hormuz within seven days if the US eases military pressure and lifts its blockade of Iranian ports.

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