Adani Ports, SJS Enterprises, Federal Bank in Focus
Indian equity markets ended almost unchanged on the weekly expiry day. Adani Ports revised its FY26 guidance upwards after acquiring North Queensland Export Terminal. Federal Bank received CCI approval for Blackstone's 9.99% stake acquisition. Other notable developments include Aurobindo Pharma's increased stake in a Chinese joint venture, Reliance Industries' bid in coal block auctions, Tata Motors' EV expansion plans, SJS Enterprises' new technology agreement, Biocon Biologics' acquisition of global rights for Hulio, and Shree Cement's resolution of a plant lockout.
*this image is generated using AI for illustrative purposes only.
Multiple companies including Adani Ports with revised FY26 guidance, Federal Bank's Blackstone stake deal approval, and SJS Enterprises' new technology agreement dominate market attention amid subdued trading.
Indian equity markets witnessed subdued trading on the weekly expiry day, ending almost unchanged as investors took a pause after recent rebounds. With a holiday-shortened week ahead and limited domestic triggers, global cues continue to influence market direction, leading to selective positioning rather than aggressive trading strategies.
Adani Ports Raises FY26 Outlook Post-Acquisition
Adani Ports and Special Economic Zone has significantly revised its financial and operational guidance following the completion of its Australia acquisition. The company acquired North Queensland Export Terminal, which has strengthened its global footprint and operational capacity.
| Guidance Parameter | Revised FY26 | Previous FY26 | Change |
|---|---|---|---|
| EBITDA | ₹22,350-23,350 cr | ₹21,000-22,000 cr | ₹1,350-1,350 cr increase |
| Cargo Volume | 545-555 MMT | 505-515 MMT | 40 MMT increase |
The upward revision reflects the company's enhanced operational scale and revenue potential on a proforma basis, incorporating the newly acquired Australian terminal operations.
Federal Bank Receives Regulatory Approval
The Competition Commission of India cleared US-based Blackstone's proposal to acquire a 9.99% stake in Federal Bank through warrants. The private equity firm is executing this acquisition through its subsidiary Asia II Topco XIII Pte Ltd, marking a significant foreign investment in India's private banking sector.
Corporate Developments Across Sectors
Several other major companies announced strategic initiatives spanning pharmaceuticals, energy, and automotive sectors:
Aurobindo Pharma
The company will acquire an additional 20% stake in its China-based joint venture for $5.12 million. Helix Healthcare BV, the company's wholly-owned subsidiary, entered a binding agreement with joint venture partner Shandong Luoxin Pharmaceutical Group Stock Co.
Reliance Industries
RIL emerged as a top bidder in the central government's coal block auctions focused on domestic coal gasification and cleaner energy production. The company participated jointly with Axis Energy Ventures, bidding for multiple coal blocks across various states.
Tata Motors Passenger Vehicles
The company outlined an aggressive electric vehicle expansion strategy, planning to introduce five new EV nameplates by FY30. Tata Motors targets a 45-50% market share in India's growing EV passenger vehicle segment, including the premium Avinya range.
Technology and Operational Updates
SJS Enterprises
The company executed a Technology License cum Supply Agreement with BOE Varitronix Limited, Hong Kong, for optical bonding and assembly of automotive display systems in India. This development aligns with the company's strategic expansion plans announced on September 16.
Biocon Biologics
The company secured full and exclusive global rights for Hulio (biosimilar Adalimumab) from Fujifilm Kyowa Kirin Biologics. Biocon Biologics will assume complete responsibility for manufacturing, commercialisation, and additional development activities.
Shree Cement
The company resolved its operational challenges by withdrawing the lockout at its cement plant in Baloda Bazar, Raipur, Chhattisgarh, after reaching an amicable settlement with workers.
Analysts expect some consolidation in market indices following recent rebounds, though the overall market tone is anticipated to remain positive amid mixed foreign investment flows.
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