PVR Inox tumbles 5.76% after a ₹200 crore internal payment probe grabs headlines, while Garuda Construction's subsidiary lands a ₹1,800 crore Saudi tower EPC deal. Capital goods and construction names are doing the heavy lifting today.

Garuda Construction & Engineering

• Deal: Subsidiary Dream City Builders signed an MoU for the Jeddah tower project — a 93-storey twisting structure with panoramic sea views — carrying an estimated revenue potential of ₹1,800 crore over five years under full EPC scope. Stock closed at ₹178.63 in the previous session, down 0.06%.
• Corporate action: The 16th AGM is scheduled for September 30, 2026, where shareholders will vote on related-party transactions capped at ₹530 crore with KMP-linked entities.
• Earnings: FY26 revenue surged to ₹53,071.52 lakh from ₹22,503.01 lakh in FY25, reflecting strong top-line momentum.

PVR Inox

• Regulatory: An internal investigation into suspected ₹200 crore payments concluded with no evidence of kickbacks found, though the company disclosed that an executive named Arora has stepped down citing personal reasons. Stock closed at ₹1,156.50 in the previous session, down 5.76%.
• Management: PVR Inox issued a statement calling media reports against current stakeholders baseless, reaffirming its commitment to responsible business conduct without disclosing specific allegations.

Behari Lal Engineering

• Earnings: Q1FY27 net profit climbed 24% year-on-year to ₹191.94 million, with revenue up 18% YoY to ₹1,516.74 million — the company's first post-IPO quarterly results, approved on September 7, 2026. Stock closed at ₹478.30 in the previous session, up 5.55%.
• Earnings: EBITDA rose to ₹275 million with margins expanding to 18.15%, signalling healthy operational leverage in the capital goods segment.
• Management: A Q1FY27 results call was held on September 8, 2026, led by Vice Chairman Rajesh Garg and CFO Aakarsh Goyal.

BCPL Railway Infrastructure

• Order Book: Emerged as L1 bidder for a ₹54.74 crore contract from Eastern Railway's Asansol Division, covering replacement of catenary wires and structures across the Durgapur-Sitarampur and Panagarh-Waria sections. Stock closed at ₹68.39 in the previous session, down 0.09%.
• Order Book: Q2FY27 order inflow jumped to ₹96.61 crore, pushing total disclosed orders to ₹111.96 crore across seven orders in the last three quarters, while operating margins hold steady between 8.55% and 10.33%.

Symphony

• Product launch: Symphony plans a phased entry into room ACs, BLDC ceiling fans, and air purifiers, with launches commencing from the December 2026 quarter — all under an asset-light model with no in-house manufacturing and funded entirely from internal accruals. Stock closed at ₹573.40 in the previous session, down 1.20%.

GE Vernova T&D

• Order Book: Emerged as L1 bidder for Power Grid's HVDC project involving a 6,000 MW terminal station capacity on the Barmer II to South Kalamb corridor for bulk power transmission. Stock closed at ₹4,367.20 in the previous session, up 1.41%.

Titagarh Rail Systems

• Corporate action: Mutually agreed to dissolve its joint venture with Mermec, operated through the non-operational entity TMPL, with no active business having been conducted at the time of dissolution. Stock closed at ₹896.45 in the previous session, up 2.82%.

Arisinfra Solutions

• Deal: Won a ₹280 crore Distribution as a Service (DaaS) contract for the Morning Mist project in Bengaluru, structured on the project's Gross Development Value to streamline supply chain operations for large-scale real estate developments. Stock closed at ₹126.32 in the previous session, down 1.74%.
• Management: Participating in a one-to-one investor meet on September 8, 2026, organised by Valorem Advisors, with discussions limited to publicly available information.

Vishnu Chemicals

• Deal: Entered a 50-50 joint venture with DCX Chrome SAS to set up a 6,000 TPA high-purity chromium metal plant in Vizag, marking a significant capacity expansion in specialty chemicals. Stock closed at ₹726.50 in the previous session, up 3.49%.
• Management: Hosting a physical investor meet on September 11, 2026, including one-on-one sessions and a plant visit in Vizag, following a virtual analyst meet on September 5.

Fischer Medical Ventures

• Product launch: Advancing next-generation 3T imaging technology while pursuing healthcare expansion into Southeast Asian markets, with its strategic ecosystem integrating the Time Medical, FMV, and FlynnCare brands alongside AI-enabled imaging and hospital digitisation. Stock closed at ₹35.72 in the previous session, down 0.89%.
• Corporate action: Set September 22, 2026 as the record date for its 33rd AGM and dividend entitlement, with the AGM scheduled for September 29, 2026; David Yeow was also appointed as an additional independent director effective September 3, 2026.

Bottom Line

Capital goods and construction names are firmly in the driver's seat today, with order wins from Power Grid's HVDC pipeline and Eastern Railway underscoring the infrastructure spending cycle's durability. PVR Inox's sharp selloff is a reminder that governance headlines can override sector tailwinds in a heartbeat. Across the board, deal announcements and order disclosures — not quarterly earnings — are the primary price catalysts this session.