Waaree Energies grabs the spotlight, pivoting into semiconductor gases while securing a massive 2 GW solar order. Meanwhile, Sterlite Technologies retreats 5% as investors digest a new M&A chief appointment.

Waaree Energies

• Product launch: Subsidiary WCES enters the specialty gases market for semiconductors, setting up a plant in Gujarat to supply ultra-high purity gases like Silane and Ammonia. Stock closed at ₹2482.00 in the previous session, down 1.19%.
• Order Book: Secured a contract to supply 2 GW of solar modules to a leading Indian developer, significantly boosting the order book amid strong utility-scale demand.
• Corporate action: Board approved the amalgamation of subsidiary Indosolar at a 1:11 swap ratio to integrate manufacturing operations.

Transport Corporation of India

• Corporate action: The board is set to meet on September 29 to consider an equity share buyback proposal. Stock closed at ₹833.45 in the previous session, up 0.45%.

Mayasheel Ventures

• Order Book: Won a ₹17.94 crore order from A&T Infracon for precast RCC box culverts in Jammu, adding to recent wins totaling ₹76.99 crore. Stock closed at ₹33.35 in the previous session, down 3.33%.

LCC Projects

• Order Book: Bagged a massive ₹653.34 crore irrigation project from WRD Kota, marking a significant inflow after no disclosed orders in the last three quarters. Stock closed at ₹144.22 in the previous session, down 1.62%.

Lemon Tree Hotels

• Deal: Subsidiary Fleur Hotels acquired land in Bandra (East), Mumbai for ₹120 crore to build a 172-key Lemon Tree Premier hotel. Stock closed at ₹106.72 in the previous session, down 1.11%.
• Expansion: Opened new properties in Nashik, Jabalpur, and Moga, and signed a deal for a 90-room hotel in Patancheru, Telangana.
• Regulatory: Received NSE and BSE no-objection letters for the composite scheme merging six private companies into Fleur Hotels.

Teamlease Services

• Management: Incorporated TL Business Solutions Inc. in Delaware to expand staffing solutions in the US market. Stock closed at ₹1192.00 in the previous session, down 0.33%.
• Deal: Completed exit from Crystal HR JV by selling its 30% stake for ₹10.12 crore in cash.

Allcargo Logistics

• Earnings: FY26 EBITDA rose 16% to ₹233 crore on revenue of ₹2,058 crore, driven by 17% growth in the consultative logistics segment. Stock closed at ₹10.95 in the previous session, down 3.78%.
• Management: Submitted the resignation letter of Shashi Kiran Shetty, effective August 5, citing other commitments.

Sterlite Technologies

• Management: Appointed Lakshmi Iyer as Chief M&A Officer, effective September 23, bringing experience from Tata Power and over $18 billion in global transactions. Stock closed at ₹823.75 in the previous session, down 5.00%.
• Product launch: Expanded Neuralis portfolio with high-density fiber trunks targeting hyperscale data centers and AI workloads.

Nykaa

• Deal: Completed acquisition of a 51% stake in Aminu Wellness Private Limited, making it a subsidiary. Stock closed at ₹335.30 in the previous session, down 1.63%.
• Partnership: Partnered with L'Oréal's BOLD fund to invest in fast-growing Indian beauty brands, combining retail networks with global expertise.

Bottom Line

Small-cap order wins are driving momentum in infrastructure plays like LCC Projects and Mayasheel Ventures, while large-caps face mixed reactions to strategic pivots. Waaree’s diversification into semiconductors contrasts sharply with Sterlite’s sell-off, highlighting divergent investor sentiments on growth versus execution risks.