NCC shares rose after the company received a Rs 1,076.71-crore order, excluding GST, from the Andhra Pradesh government’s Rural Water Supply and Sanitation Department. The order involves providing drinking water under a multi-village scheme on the Yeleru Reservoir for the Anakapalli segment in Andhra Pradesh.
Power Mech Projects secured a Rs 279.20 crore, three-year O&M contract from Telangana Power Generation Corporation for YTPS. The order covers ash and coal handling plants across five 800 MW units. The company reported Rs 3,113 crore FY27 YTD inflows and a Rs 17,317 crore order book, supporting sustained revenue visibility and growth.
Majumder cites recent disruptions around the Strait of Hormuz as an example of how instability in one part of the world can pose a wider threat to global energy security
The proceeds will be used to fund capital expenditure across Adani’s airport network and support its broader growth plans: Source
On MCX, the yellow metal contracts for December delivery traded lower by ₹419, or 0.29 per cent, at ₹1,46,385 per 10 grams in a business turnover of 1,608 lots.
AstraZeneca is investing $2 billion in Summit Therapeutics, taking a potential 12% stake and partnering on cancer-drug development, including ivonescimab, while investors await upcoming FDA regulatory decisions.
‘The current energy system has so far absorbed much of the disruption through temporary buffers, bypass pipelines and changes in global trade flows’
Nifty’s September 30 rejig will trigger major passive flows, with BSE, Vedanta Aluminium and other stocks set for inflows, while Wipro, IHCL and others face outflows.
Nomura has initiated coverage on Allied Blenders & Distillers with a Buy rating and a target price of Rs 850, implying nearly 20% upside. The brokerage sees premiumisation, backward integration and margin expansion as key growth drivers, with EPS expected to grow at a 26% CAGR over FY26–FY29. Execution delays and slower premiumisation remain key risks.
Tesla shares fell amid market weakness and regulatory scrutiny of its driverless Cybercab. US safety regulators are seeking details on its certification, with Tesla’s response due September 30. Investors are also watching third-quarter deliveries, robotaxi progress and the delayed Roadster unveiling as key near-term developments.
