🇮🇳 India Daybook: Tata Technologies Acquires ES-Tec, Defence Stocks Surge on New Orders

📍 ACQUISITION

Tata Technologies announced its definitive agreement to acquire 100% of the Germany-based ES-Tec Group and its subsidiaries for €75 million (approximately ₹776 crore) through its Singaporean subsidiary. This acquisition is expected to enhance Tata Technologies' end-to-end product engineering solutions across the automotive value chain, particularly in areas like Driver Assistance Systems (ADAS) and Connected Driving, and is anticipated to be EPS accretive from the first full year of operation.

📍 SECTORAL HIGHLIGHTS

The Indian defence sector experienced a substantial surge on Friday, adding ₹43,000 crore to its market capitalization in a single trading session. This rally, which propelled the Nifty Defence index to an eight-week high with a 4.3% jump, was driven by ongoing negotiations for six next-generation conventional submarines and the Ministry of Defence's recently unveiled 15-year modernization roadmap. Public sector undertakings (PSUs) such as GRSE, Bharat Dynamics, and Cochin Shipyard, alongside private players like MTAR, BEML, and Astra Microwave, saw their stocks climb by up to 10%.

📍 DIVIDEND, BONUS, AND STOCK SPLIT ANNOUNCEMENTS

The upcoming week will see a flurry of corporate actions, including ex-dividend dates, bonus issues, and stock splits.

• Ex-Dividend (September 15, 2025):

  • Aarti Pharmalabs
  • Alicon Castalloy
  • Continental Securities
  • Ddev Plastiks Industries
  • Dixon Technologies (India)
  • DOMS Industries
  • Empire Industries
  • Glenmark Pharmaceuticals
  • Indraprastha Gas
  • KNR Constructions
  • Lux Industries
  • Polyplex Corporation
  • Power Mech Projects
  • The Phoenix Mills
  • Texmaco Rail & Engineering

• Ex-Dividend (September 16, 2025):

  • Aarti Surfactants Ltd
  • Aeonx Digital Technology Ltd
  • Agarwal Industrial Corporation Ltd
  • Amrutanjan Health Care Ltd
  • Axis Solutions Ltd
  • Balmer Lawrie & Company Ltd
  • Deccan Cements Ltd
  • Karnataka Bank
  • Prakash Pipes
  • Southern Petrochemicals Industries Corporation
  • Vadilal Enterprises

• Ex-Dividend (September 17, 2025):

  • Garware Hi-Tech Films Ltd has declared its highest-ever dividend payout of ₹12 per share, with September 17, 2025, set as the record date.

• Ex-Dividend (September 22, 2025):

  • Gujarat Fluorochemicals Ltd has declared a final dividend of ₹3 per share, representing a 300% payout on a face value of ₹1 per share.

• Bonus Issues (September 16, 2025):

  • GHV Infra Projects Ltd (3:2 ratio)
  • Godfrey Phillips India Ltd (2:1 ratio)

• Stock Splits (September 16, 2025):

  • GHV Infra Projects Ltd (from ₹10 to ₹5 per share)
  • Kesar Enterprises Ltd (from ₹10 to ₹1 per share)

📍 MARKET PERFORMANCE

Indian benchmark equity indices closed higher on Friday, September 13, 2025, marking an eighth consecutive day of growth for the Nifty 50 and a fifth for the Sensex. The Sensex rose by 355.97 points (0.44%) to close at 81,904.70, while the Nifty 50 gained 108.50 points (0.43%) to settle at 25,114. This upward trend was attributed to global optimism surrounding potential US Federal Reserve interest rate cuts and progress in US-India trade discussions.

📍 ANALYST RECOMMENDATIONS

• Dharmesh Shah of ICICI Securities recommended buying shares of SBI and BEL for the coming week.
• Sumeet Bagadia of Choice Broking suggested buying Shriram Properties, Snowman Logistics, and MSP Steel & Power.

📍 OTHER CORPORATE NEWS

• Transworld (SSL Brahmaputra): An arrest order was issued by the Gujarat High Court on September 12, 2025, for the vessel SSL Brahmaputra following a fire incident in January 2024. Transworld expects to incur no financial liability as the vessel is adequately insured.
• Surya India Limited: The company re-appointed Mrs. Preeti Agarwal as Managing Director and Mrs. Priyanka Agarwal as Whole-time Director for three consecutive years, effective September 30, 2025.
• Vadilal Industries Limited: Mr. Rajesh R. Gandhi was re-designated from an Executive Director to a Non-Executive Director, effective September 13, 2025.

📍 UPCOMING IPOs

India's primary market is set to be active with five IPOs scheduled for the week. This includes mainboard issues like Euro Pratik Sales and VMS TMT, along with SME issues such as TechD Cybersecurity and JD Cables. Additionally, Creador-backed iValue Infosolutions' IPO is slated to open on September 18, 2025.

TAGS: India Daybook, Stocks in News, Corporate News, Stock Market, Company News

Tags: India Daybook Stocks in News Corporate News Stock Market Company News