September 4, 2026
Indian equity markets are heading into Friday’s session after another weak close. The Nifty 50 ended September 3 at 23,873.45, down 0.17%, while the Sensex declined 0.55% to 76,152.86, extending the losing streak of both benchmarks to four sessions. At the same time, broader markets showed relative strength, with the Nifty Smallcap 100 gaining 1.40% and the Nifty Midcap 100 rising 0.27%.
Crude oil remains an important market factor, with Brent around $95–97 a barrel amid continuing geopolitical tensions. Institutional flows were mixed on September 3, with FIIs selling ₹2,346 crore and DIIs buying ₹4,977 crore in Indian equities.
Against this backdrop, several companies are in focus on September 4 because of new business initiatives, major orders, capacity expansion, strategic partnerships, block deals and corporate developments.
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Quick Summary: Stocks in Focus Today
| Stock | Why It Is in Focus |
|---|---|
| UltraTech Cement | Entered the wires and cables business with the ₹1,800 crore Ultravolt initiative |
| Power Grid Corporation | Received a ₹1,152.49 crore annual transmission-charge project in Gujarat |
| Cipla | Partnered with Qilu Pharmaceutical for a US biosimilar to Keytruda |
| Sterlite Technologies | Approved ₹3,000 crore manufacturing capacity expansion |
| Bharat Forge | Defence subsidiary KSSL signed MoU with FN Herstal |
| Gland Pharma | Promoter Fosun Pharma is reportedly selling a 5% stake through a block deal |
| Rail Vikas Nigam | Emerged as L1 bidder for a ₹404.88 crore railway contract |
| Ramco Systems | Signed aviation-software data integration MoU with Safran Helicopter Engines |
| CreditAccess Grameen | Raised ₹300 crore through private-placement NCDs |
| Meesho | SoftBank sold a 1.73% stake worth ₹1,650.4 crore in a block transaction |
UltraTech Cement
UltraTech Cement is among the major stocks to watch after the company announced its entry into the wires and cables business through a new venture called Ultravolt.
The Aditya Birla Group has committed an investment of approximately ₹1,800 crore for the initiative. The new business will operate under UltraTech Cement and represents a further expansion of the company beyond its core cement operations. The group has indicated an ambition for Ultravolt to become one of the leading players in the wires and cables segment within five years.
The move places UltraTech in a broader construction-materials ecosystem, alongside its existing cement and building-solutions businesses.
Power Grid Corporation
Power Grid Corporation of India is in focus after receiving a Letter of Intent for a transmission project in Gujarat.
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The project relates to the integration of renewable-energy generation from the Lakadia Renewable Energy Zone Phase II, involving 7,500 MW of renewable power. The project carries quoted annual transmission charges of approximately ₹1,152.49 crore and includes the establishment of a new 765/400 kV Lakadia-II substation.
The development adds another large renewable-energy transmission project to Power Grid’s pipeline as India continues expanding renewable generation and associated transmission infrastructure.
Cipla
Cipla is in focus following a strategic partnership between its wholly owned subsidiary Invagen Pharmaceuticals and Qilu Pharmaceutical.
The agreement covers the exclusive licensing and supply of QL2107, a biosimilar to pembrolizumab, commonly known by the brand Keytruda, for the US market. Under the arrangement, Qilu will handle development, regulatory registration and supply, while Cipla USA will commercialise the product in the defined territory.
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The announcement is relevant to Cipla’s US business and its plans to expand its biosimilar and oncology portfolio.
Sterlite Technologies
Sterlite Technologies is another key stock in focus after its board approved a ₹3,000 crore capacity-expansion plan at its existing manufacturing facilities.
The investment is aimed at increasing manufacturing capacity for optical fibre cables and connectivity solutions to meet anticipated global demand. The company plans to fund the expansion through internal accruals and/or debt.
The announcement comes as demand for fibre connectivity continues to be linked with data centres, telecommunications infrastructure and broader digitalisation.
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Bharat Forge
Bharat Forge is in focus after its wholly owned defence subsidiary, Kalyani Strategic Systems (KSSL), signed an MoU with Belgium-based FN Herstal.
The agreement is aimed at exploring local manufacturing and industrial cooperation for small arms, integrated weapon systems and counter-unmanned aerial system solutions in India. The two companies will also evaluate the possibility of establishing a dedicated production centre and strategic alliance or joint venture.
The development adds another international technology and manufacturing collaboration to Bharat Forge’s defence-business activities.
Gland Pharma
Gland Pharma is in focus following reports of a potential 5% stake sale by Fosun Pharma Industrial through a block transaction.
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The reported transaction is valued at approximately ₹2,279.5 crore, with the floor price reported at ₹2,763 per share. Fosun Pharma is a significant shareholder in Gland Pharma, making the proposed transaction an important shareholding development.
The stock could therefore remain active as investors assess the implications of the promoter-level stake transaction.
Rail Vikas Nigam
Rail Vikas Nigam Limited, or RVNL, is in focus after emerging as the lowest bidder (L1) for a railway contract valued at approximately ₹404.88 crore from East Coast Railway.
The development adds to RVNL’s order pipeline and keeps railway-infrastructure companies in focus amid continued government spending on railway modernisation and infrastructure projects.
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Ramco Systems
Ramco Systems has signed a Memorandum of Understanding with Safran Helicopter Engines to enable integration of Safran’s engine data with Ramco Aviation Software.
The proposed integration will allow information such as engine configuration, usage metrics and maintenance events to flow into Ramco’s aviation maintenance software. The objective is to reduce manual data entry and improve the accuracy and consistency of maintenance information.
The partnership strengthens Ramco Systems’ presence in aviation software and digital maintenance solutions.
CreditAccess Grameen
CreditAccess Grameen is in focus after raising ₹300 crore through a private placement of non-convertible debentures.
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The NCDs were placed with Barclays Bank PLC through a bilateral transaction. The funds are expected to support the company’s lending activities across rural and semi-urban markets.
The fundraising comes as the microfinance-focused lender continues to build its funding base for credit operations.
Meesho
Meesho remains in focus following a sizeable block transaction involving SoftBank.
SVF II Meerkat (DE) LLC, an entity owned by SoftBank Group through SoftBank Vision Fund, sold 8 crore Meesho shares, representing approximately 1.73% of the company, for around ₹1,650.4 crore at ₹206.30 per share.
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The shares were acquired by a group of global and domestic institutional investors.
The transaction is notable because of its size and the change in SoftBank’s holding, making Meesho one of the stocks likely to remain actively tracked in Friday’s session.
Disclaimer: This article is for informational and educational purposes only. It does not constitute investment advice or a buy or sell recommendation. Investors should conduct their own research before making financial decisions.
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