Renewable energy and capital goods sectors are stealing the show today, driven by massive order wins from Vikram Solar and Saatvik Green Energy. While NBCC eyes international growth with an Australia branch, Cupid’s promoters signal confidence through heavy open-market buys. Here's what's moving.

NBCC

• Expansion: The PSU opens a branch office in South Yarra, Australia, targeting PMC and EPC contracts to boost overseas revenue. Stock closed at ₹80.69 in the previous session, down 2.67%.
• Corporate Action: Shareholders approved a ₹0.46 final dividend for FY26 at the 66th AGM, bringing total payout to ₹1.00 per share.

Bharat Heavy Electricals

• Deal: BHEL forms a 50:50 joint venture with Titagarh Rail Systems to handle maintenance for Vande Bharat Sleeper trainsets over 35 years. Stock closed at ₹412.85 in the previous session, down 4.21%.
• Investment: Board approved a ₹65 crore equity infusion into JV NBPPL to settle liabilities and ensure it remains a going concern.

Blue Star

• Litigation: W.J. Towell files an annulment petition in Dubai Court of Appeal, challenging an arbitration award previously won by Blue Star. Stock closed at ₹1483.00 in the previous session, down 4.81%.
• Guidance: Management flags weak margins for the second quarter, citing pressure without disclosing specific financial figures.

India Pesticides

• Regulatory: Secures technical equivalence approval for an insecticide in the UK and herbicide registration in Argentina, expanding its global agrochemical footprint. Stock closed at ₹132.68 in the previous session, down 0.76%.

Saatvik Green Energy

• Order Book: Wins a massive ₹1,041.63 crore solar PV module supply order from SECI, with completion scheduled by December 2027. Stock closed at ₹389.55 in the previous session, down 1.62%.

RR Kabel

• Capex: Commences commercial production at its new Silvassa plant, adding 18,000 MT annual capacity to its wires and cables segment. Stock closed at ₹2381.30 in the previous session, down 1.78%.

AJC Jewel Manufacturers

• Deal: Proposes acquiring an 80% stake in its UAE subsidiary via share swap worth up to ₹9.64 crore, targeting ₹450 crore FY27 revenue. Stock closed at ₹283.75 in the previous session, up 5.00%.

Vedant Fashions

• Management: Co-CFO Rahul Murarka resigns effective November 14 to pursue other opportunities. Stock closed at ₹566.65 in the previous session, down 2.70%.
• Regulatory: Receives favourable GST appellate order, avoiding a ₹2.73 lakh penalty and resolving audit disputes for FY2017-18 to FY2019-20.

Vikram Solar

• Order Book: Signs a ₹1,250 crore mega deal with Avaada Electro to supply 1 GW of ALMM-compliant N-Type solar cells. Stock closed at ₹163.46 in the previous session, down 2.04%.

Cupid

• Promoter Activity: Co-promoter Aditya Halwasiya buys 5.90 lakh shares in open market, raising group stake to 46.87%. Stock closed at ₹284.40 in the previous session, up 1.57%.

Bottom Line

The market is pricing in strong execution capabilities in the renewable energy space, with Vikram Solar and Saatvik Green Energy securing multi-thousand-crore orders. Simultaneously, heavy promoter buying in Cupid suggests insider confidence despite broader sectoral volatility.