Wednesday, September 2, 2026

Stocks to Watch: Adani Group stocks, Texmaco Rail, Vedanta and more

Date:

adani group companies

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SEBI has cleared Gautam Adani, Rajesh Adani, and Adani Group firms—Adani Ports & Sez, Adani Powerand Adani Enterprises—of all Hindenburg allegations. The regulator found no evidence of insider trading, market manipulation, or shareholding violations under the SEBI Act.

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Texmaco Rail & Engineering Ltd | The company has bagged a fresh ₹86.85 crore order from Ultratech Cement for BCFC wagons with brake vans, to be delivered by March 2026.

Vedanta Share Price, Vedanta stock, Vedanta shares

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Vedanta Ltd | The Department of Mines & Geology, Andhra Pradesh has declared the company as the Preferred Bidder for the Punnam Manganese Block. The 152-hectare block is at G4 exploration level, with the composite license subject to regulatory clearances and conditions.

Indian Hotels share price

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Indian Hotels Company Limited (IHCL) | The company has clarified that it does not own The Pierre, New York, but holds leasehold rights for the property. The company confirmed that hotel operations are continuing as usual and termed recent media reports suggesting otherwise as misleading and speculative.

Mobikwik Share Price

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One Mobikwik Systems Ltd | The digital payment firm confirmed a technical glitch on September 11-12 led to unauthorised merchant payouts in Haryana, now largely contained. The company assured users that UPI, wallet balances, and customer data were unaffected, and additional controls have been implemented.

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Oil India | The company has reported $942 million in dividend inflows from its Russian assets, nearing full recovery of its $1 billion investment, while advancing its LNG project in Mozambique and expanding regional connectivity with Bangladesh, Nepal, Bhutan, and Myanmar.

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JSW Energy | The company has approved a Scheme of Arrangement with GE Power India to demerge GE Power’s boiler business into JSW. The deal, subject to approvals, includes share issuance to GE Power shareholders, with a slump sale as an alternative.

Godfrey Phillips share price

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Godfrey Phillips India | The company’s former Executive Director, Samir Modi, was arrested by Delhi Police on rape and criminal intimidation charges. He has been remanded to police custody, with further proceedings scheduled in the trial court. His side calls the allegations “fabricated.”

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John Cockerill India | The company has been awarded a contract by Tata Steel to set up a Push-Pull Pickling Line and Acid Regeneration Plant at its Jamshedpur facility. The project, aimed at boosting sustainable steel production, includes the supply of equipment and supervision of erection and commissioning.

Unichem Laboratories share price

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Unichem Laboratories Ltd | The company has received a demand notice of €19.5 million (around ₹175 crore) from the European Commission in connection with the perindopril drug case.

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