From a technical viewpoint, the Nifty50 index continues to stay weak because it trades under the essential shifting averages. Within the close to time period, the index could witness a minor pullback in the direction of 24,180–24,200. Nevertheless, the upper ranges are more likely to act as resistance, stated Rupak De, Senior Technical Analyst at LKP Securities. A sustained transfer above 24,200, he believes, might set off an additional rise of round 100 factors, whereas 23,990 stays the important thing help stage. A sustained break under this stage might resume the correction out there.
Towards this backdrop, shares of Bharti Airtel, Happiest Minds Technologies, PVR INOX, Milky Mist Dairy, Mankind Pharma and a number of other different corporations are more likely to stay in focus following key company developments.
Happiest Minds Applied sciences
Happiest Minds Applied sciences, an AI-first digital engineering firm, introduced that it has signed definitive agreements to mix its enterprise with ITC Infotech India.
The mixture is anticipated to create an AI-first international expertise providers enterprise with annual income of $1 billion by FY28, greater than 19,000 staff, over 800 clients and operations throughout greater than 30 international locations.
PVR INOX
Multiplex operator PVR INOX Ltd on Monday permitted a buyback of as much as 20,68,965 totally paid-up fairness shares at Rs 1,450 per share, for an combination quantity of as much as Rs 300 crore.
The buyback represents 2.11% of the corporate’s current paid-up fairness share capital and will likely be undertaken by way of the tender supply route utilizing the inventory trade mechanism.
Milky Mist Dairy Meals
Milky Mist Dairy Meals reported a pointy improve in revenue for the June quarter, supported by progress throughout its value-added dairy and packaged meals portfolio, increased volumes and improved margins.
Revenue after tax rose practically 9 instances to Rs 65 crore within the first quarter, in contrast with Rs 6.53 crore in the identical quarter final 12 months.
Income from operations elevated 43.6% year-on-year to Rs 973.45 crore from Rs 678.09 crore.
ALSO READ: Milky Mist Q1 Results: Profit zooms nearly 9 times YoY to Rs 65 crore; revenue rises 44%
E2E Networks
Cloud infrastructure firm E2E Networks stated it has entered right into a binding time period sheet with a sovereign synthetic intelligence firm primarily based in India to supply NVIDIA Blackwell cloud graphics processing models (GPUs) and allied providers.
The association has an combination contract worth of roughly Rs 1,000 crore, excluding relevant taxes, and stays legitimate till June 2029.
The corporate stated the engagement marks a big milestone in its technique of signing longer-term clients.
Bharti Airtel
The Division of Telecommunications’ Karnataka LSA has imposed a Rs 2.13 lakh penalty on Bharti Airtel for an alleged violation of subscriber verification norms following a June 2026 Buyer Software Type audit.
The corporate has opted to not contest the matter and pays the penalty.
Mankind Pharma
Mankind Pharma has accomplished the switch of its 100% stake in Broadway Hospitality Companies to AKRK Initiatives LLP and its companions. The transaction was accomplished on August 31, following which Broadway has ceased to be an entirely owned subsidiary of the corporate.
Welspun Corp
Welspun Corp stated it won’t proceed with the proposed sale of its 26% stake in Clear Max Dhyuthi to Welspun Dwelling, a promoter group firm. The Rs 7.6 crore transaction has been mutually cancelled, citing present demand, provide and energy availability on the related location.
Ausom Enterprise
Ausom Enterprise has fastened Thursday, September 17, 2026, because the document date for figuring out the eligibility of members to obtain a dividend of Rs 1 per share, equal to 10% of the Rs 10 face worth of every totally paid-up fairness share. The dividend is topic to approval by shareholders on the firm’s forty second Annual Basic Assembly.
Lux Industries
Lux Industries‘ board has permitted a Scheme of Association for the demerger of its Vertical A and Vertical C companies into two wholly owned subsidiaries—Lux and Cozi Restricted and Lux International Restricted, respectively.
Beneath the scheme, shareholders of Lux Industries will obtain one share every within the two ensuing corporations for each one share held in Lux Industries, topic to shareholder, creditor, NCLT, SEBI, inventory trade and different regulatory approvals.
(Disclaimer: Suggestions, strategies, views and opinions given by the specialists are their very own. These don’t characterize the views of Financial Occasions)
