Tech Enhanced Investing

BCPL Railway Infrastructure is witnessing a positive movement on the BSE, with its stock trading at Rs 69.05, marking a gain of Rs 0.65 or 0.95% over its previous close of Rs 68.40.

The stock began the session at Rs 69.77 and moved between an intraday high of Rs 70.55 and a low of Rs 68.06. Around 982 shares have been traded on the exchange so far.

The BSE Group 'B' company, which has a face value of Rs 10 per share, recorded its 52-week high of Rs 92.58 on May 5, 2026, while its 52-week low of Rs 55.40 was recorded on March 24, 2026.

Over the past week, the stock has traded in the range of Rs 67.06 to Rs 71.50. The company's current market capitalization stands at approximately Rs 115.48 crore.

As per the latest shareholding pattern, promoters own 72.86% of the company, while non-institutional investors hold the remaining 27.14% stake.

In a significant business development, BCPL Railway Infrastructure has emerged as the Lowest Bidder (L1) for a tender floated by the Asansol Division of Eastern Railway. The contract involves the replacement of overage and old structures on the Waria-Raniganj section of the Asansol Division. The total project value is Rs 37.36 crore, inclusive of GST.

BCPL Railway Infrastructure operates in the railway infrastructure development segment, with expertise in the design, drawing, supply, erection and commissioning of 25KV, 50Hz single-phase traction overhead equipment.

Organic Recycling Systems is trading at Rs. 180.50, registering a gain of Rs. 11.40 or 6.74% compared with its previous close of Rs. 169.10 on the BSE.

The stock began the session at Rs. 184.00 and moved between an intraday high of Rs. 187.00 and a low of Rs. 180.00. No shares had been traded on the counter at the time of reporting.

The BSE Group 'M' stock, with a face value of Rs. 10, has recorded a 52-week high of Rs. 200.07 on November 12, 2025, while its 52-week low stands at Rs. 137.40, recorded on March 27, 2026.

Over the past week, the stock has traded between Rs. 155.05 and Rs. 187.00. The company currently has a market capitalisation of approximately Rs. 263.78 crore.

The company's shareholding structure shows promoters holding 18.10%, while institutional investors and non-institutional shareholders own 0.15% and 81.75%, respectively.

In a significant business development, Organic Recycling Systems' wholly owned subsidiary, Solapur Bioenergy Systems, has received two EPCOM contracts from Bharat Petroleum Corporation (BPCL). The combined value of the contracts is Rs. 167.30 crore, inclusive of GST, for setting up and operating compressed biogas (CBG) facilities based on organic municipal solid waste.

The proposed plants will be developed in Mysuru, Karnataka, and Raipur, Chhattisgarh. The Mysuru project is expected to process approximately 5 tonnes per day (TPD), while the Raipur facility is expected to have a capacity of around 4.8 TPD.

Together, the projects are expected to add nearly 9.8 TPD of CBG processing capacity to the company's portfolio. The contracts also strengthen Organic Recycling Systems' footprint across new states and deepen its business association with BPCL.

Under the agreements, Solapur Bioenergy Systems will be responsible for the projects across their complete lifecycle, including engineering, procurement, construction, commissioning, operations and maintenance. The contracts also include five-year O&M commitments, providing a longer-term operational engagement.

Organic Recycling Systems operates in the environmental engineering space and focuses on providing waste management and resource recovery solutions across different categories of waste and multiple stages of the waste management value chain.

Indian stock markets are expected to begin Monday's trading session on a cautious and potentially negative note, taking direction from mixed global market signals. Renewed military tensions between the United States and Iran have raised concerns over energy supplies and the strategic Strait of Hormuz, keeping investors on edge. Domestic sentiment could also remain under pressure following continued selling by foreign institutional investors (FIIs), who recorded a net outflow of RS 3,111.94 crore on September 4, 2026.

Key Developments to Watch

RBI Mops Up Over RS 6 Lakh Crore Through VRRR Auctions
The Reserve Bank of India has absorbed more than RS 6.02 lakh crore from the banking system through two Variable Rate Reverse Repo (VRRR) auctions. The move comes as surplus liquidity in the banking system continues to remain at exceptionally high levels.

India's Forex Reserves Reach Record $740.8 Billion
India's foreign exchange reserves increased by $11.475 billion during the week ended August 28, taking the country's total reserves to a fresh record of $740.803 billion, according to RBI data.

India and Belgium Explore Cooperation in Lab-Grown Diamonds
Commerce and Industry Minister Piyush Goyal has proposed greater cooperation between India and Belgium in the lab-grown diamond industry. Discussions are expected to focus on technology development as well as reliable certification standards for the growing sector.

Government Reviews FDI Rules for Plantation Businesses
The government is reportedly examining proposals to relax foreign direct investment regulations in the plantation industry. The proposed changes could bring a wider range of commercially important crops within the permitted FDI framework.

Goyal Pushes for Higher Investment in Pharma R&D and Clinical Research
Piyush Goyal has urged the pharmaceutical industry to attract greater investment into clinical trials and research and development. He also called on Indian regulators to study international regulatory frameworks and adopt globally recognised best practices where appropriate.

Global Market Scenario

US equities closed lower on Friday after stronger-than-anticipated employment data increased expectations that the Federal Reserve could consider raising interest rates at its upcoming policy meeting. Meanwhile, Asian markets were largely trading in positive territory on Monday despite the weak finish on Wall Street.

Indian Market Performance

Indian benchmark indices ended higher on Friday, breaking a four-session losing streak. The recovery was supported by gains across global markets and reduced concerns about an immediate US Federal Reserve rate increase.

However, persistent foreign investor selling and continuing geopolitical uncertainty in the Middle East limited the upside. The BSE Sensex gained 362.57 points, or 0.48%, to close at 76,515.43, while the CNX Nifty advanced 24.25 points, or 0.10%, to finish at 23,897.70.

Other Factors Likely to Influence Trade

Preferential Tariff Conditions Crucial for India-US Trade Agreement
Commerce and Industry Minister Piyush Goyal has indicated that progress on the proposed India-US Bilateral Trade Agreement could depend on Washington providing India with preferential tariff treatment compared with competing economies. Further details of the agreement are expected once suitable terms are offered.

Banking System Liquidity Surplus Climbs to Record RS 9.71 Lakh Crore
RBI data showed that surplus liquidity in India's banking system reached an unprecedented RS 9.71 lakh crore on September 2, 2026. The figure exceeded the previous record of RS 9.21 lakh crore, registered on September 5, 2021. Increased liquidity inflows under the RBI's FCNR (B) scheme were a major contributor to the latest surge.

India and South Africa Look to Strengthen Economic Partnership
The South African BRICS Business Council (SABBC) is planning a visit to New Delhi to identify opportunities for expanding bilateral economic cooperation. Discussions are also expected to address the existing trade imbalance between India and South Africa.

Biocon’s stock was trading at RS 395.90 on the BSE, registering a gain of RS 2.40, or 0.61%, compared with its previous close of RS 393.50.

The stock began the session at RS 391.10 and moved between an intraday low of RS 391.10 and a high of RS 399.50. Around 3,987 shares had changed hands on the exchange.

The BSE Group ‘A’ company, with a face value of RS 5 per share, has recorded a 52-week high of RS 447.00, reached on July 16, 2026, while its 52-week low stands at RS 337.20, recorded on September 30, 2025. Over the past week, the stock has traded between RS 388.70 and RS 405.70.

Biocon currently has a market capitalisation of approximately RS 63,737.34 crore. Promoters own 44.68% of the company, while institutional and non-institutional investors hold 31.52% and 23.80%, respectively.

Meanwhile, Biocon has entered into a partnership with Bahiafarma and Bionovis to support the development, manufacturing and commercialisation of Pertuzumab in Brazil. The collaboration represents a significant step for the HER2-positive breast cancer treatment under Brazil’s Productive Development Partnership (PDP) programme.

The Biocon-led consortium comprising Biocon, Bahiafarma and Bionovis has secured full allocation under Brazil’s 10-year PDP programme for Pertuzumab. Through this arrangement, the consortium will gain access to Brazil’s public healthcare market, which represents nearly 70% of the country's Pertuzumab demand. The initiative is also expected to facilitate the wider use of Biocon’s product across Brazil’s public oncology healthcare network.

Under the agreement, Biocon is expected to earn payments along with a portion of revenues arising from the PDP opportunity throughout the 10-year programme. The partnership also envisages a gradual increase in local manufacturing and production capabilities in Brazil over the medium to long term.

Biocon is a leading biotechnology company from India and Asia, with operations focused on biopharmaceuticals and research services. The company develops and provides cost-effective healthcare solutions for chronic diseases and serves patients across global markets.

GE Vernova T&D India witnessed strong buying interest on the BSE, with its stock trading at RS 4,716.75, marking a gain of RS 353.75, or 8.11%, compared with the previous close of RS 4,363.00.

The stock began the session at RS 4,614.00 and moved between an intraday low of RS 4,611.00 and a high of RS 4,733.00. Around 106,445 shares changed hands during the trading session.

The company’s shares, classified under the BSE Group 'A' category with a face value of RS 2, have recorded a 52-week high of RS 5,650.00 on June 23, 2026, while the 52-week low stands at RS 2,525.00, touched on January 21, 2026.

Over the past week, the stock has traded between RS 4,186.00 and RS 4,733.00. At the current level, GE Vernova T&D India has a market capitalisation of approximately RS 1,18,139.87 crore.

The company's shareholding pattern shows promoters holding 51.00%, while institutional investors and non-institutional investors own 41.36% and 7.64%, respectively.

Major Order Opportunity

GE Vernova T&D India has been selected as the L1 bidder for a significant project floated by Power Grid Corporation of India. The proposed project covers the design and establishment of a 6,000 MW ±800 kV High Voltage Direct Current (HVDC) Line Commutated Converter (LCC) terminal station, comprising two 3,000 MW terminals.

The infrastructure will support the evacuation of renewable energy from Barmer II to South Kalamb. The project is expected to be implemented over multiple years, providing a long-term business opportunity for the company.

Formerly known as GE T&D India, GE Vernova T&D India operates across India's power transmission and energy infrastructure sector. The company offers engineering, manufacturing, project management, and power transmission solutions designed to support the country's evolving electricity and renewable-energy infrastructure.

Bondada Engineering shares were trading at RS 281.95 on the BSE, registering a gain of RS 2.20, or 0.79%, compared with the previous close of RS 279.75.

The stock opened at RS 282.95 and moved between an intraday high of RS 285.00 and a low of RS 278.15. Around 75,200 shares had changed hands on the exchange during the session.

The company, classified under the BSE Group 'M', has a face value of RS 2 per share. Over the past 52 weeks, the stock has recorded a high of RS 503.00 on October 28, 2025, while its 52-week low stands at RS 215.00, touched on March 30, 2026.

For the latest one-week period, Bondada Engineering's share price has ranged between RS 273.15 and RS 289.75. The company's current market capitalisation is approximately RS 3,139.09 crore.

As per the available shareholding pattern, promoters own 61.52% of the company. Institutional investors hold 0.65%, while non-institutional shareholders account for 37.82%.

Bondada Engineering Incorporates PhotonicGrid Networks

Bondada Engineering has established a new subsidiary, PhotonicGrid Networks, under the provisions of the Companies Act, 2013, with a strategic focus on developing digital and telecommunications infrastructure.

PhotonicGrid Networks plans to develop, own, operate and maintain fibre-optic networks and related telecom infrastructure across India. Its proposed infrastructure portfolio is expected to cover multi-route fibre networks, dark fibre and duct systems, data transmission infrastructure, specialised secure networks, data-centre interconnectivity, AI data-centre connectivity and other digital infrastructure solutions.

The subsidiary intends to provide these infrastructure assets along with managed services through long-term contractual arrangements. Its targeted customer base includes hyperscalers, artificial intelligence companies, neocloud service providers, data-centre operators, telecom companies and large enterprises, subject to the necessary regulatory clearances and commercial agreements.

About Bondada Engineering

Bondada Engineering operates in the engineering, procurement and construction (EPC) segment and also provides operations and maintenance (O&M) services. The company serves customers across India, with its business primarily focused on the telecom and solar energy sectors.

Indian Energy Exchange (IEX) witnessed a positive movement on the BSE, with its shares trading at RS 120.00, gaining RS 1.10 or 0.93% over the previous close of RS 118.90.

The stock opened at RS 121.90 and moved between a high of RS 121.90 and a low of RS 119.40 during the trading session. Around 390,417 shares changed hands on the exchange.

The BSE Group 'A' stock, having a face value of RS 1, has recorded a 52-week high of RS 160.30 on January 9, 2026, while its 52-week low stands at RS 114.50, recorded on March 30, 2026. Over the past week, the stock has traded between RS 117.80 and RS 121.95.

IEX currently has a market capitalisation of approximately RS 10,700.31 crore. Institutional investors hold 44.09% of the company, while non-institutional investors account for the remaining 55.91% stake.

Meanwhile, the exchange reported its highest-ever monthly electricity trading volume of 13,938 million units (MUs) in August 2026, marking a 20.2% year-on-year increase. Trading activity across several market segments showed strong growth during the month.

The Day-Ahead Market (DAM), including HP-DAM, recorded a volume of 5,517 MUs, compared with 4,797 MUs in August 2025, representing a 15% YoY rise.

Trading in the Real-Time Electricity Market (RTM) also increased, reaching 5,565 MUs in August 2026 against 5,029 MUs a year earlier. This translated into a 10.6% year-on-year growth.

The Day-Ahead Contingency and Term-Ahead Market (TAM), which includes contingency, daily, weekly and monthly contracts extending up to three months, registered a significant jump. Volumes rose to 1,765 MUs from 835 MUs in August 2025, marking an impressive 111.3% YoY increase.

The exchange's Green Market, comprising the Green Day-Ahead Market and Green Term-Ahead Market, also reported healthy growth. Combined volumes reached 1,091 MUs in August 2026, up from 930 MUs in the corresponding month last year, reflecting a 17.3% increase.

Within the Green Market, the weighted average price in the Green Day-Ahead Market (G-DAM) stood at RS 3.92 per unit in August 2026, representing a 5.1% year-on-year increase.

However, trading activity in Renewable Energy Certificates (RECs) declined sharply during the month. Approximately 2.91 lakh RECs were traded in August 2026, down 86.6% compared with the same period last year.

Indian Energy Exchange is a leading Indian energy exchange that operates a nationwide automated platform for trading and delivery of electricity, renewable energy and energy-related certificates, including Renewable Energy Certificates and Energy Saving Certificates.

Shares of Oriental Rail Infrastructure advanced 3.89% on the BSE, gaining Rs. 4.90 to trade at Rs. 130.90, compared with its previous close of Rs. 126.00.

The stock opened at Rs. 123.00 during the session and moved between a high of Rs. 132.00 and a low of Rs. 123.00. Around 24,542 shares changed hands on the BSE.

The company’s BSE Group 'B' stock, with a face value of Rs. 1, has recorded a 52-week high of Rs. 181.00 on October 30, 2025, and a 52-week low of Rs. 101.45 on March 30, 2026. Over the past week, the stock has traded between Rs. 121.00 and Rs. 135.85.

Oriental Rail Infrastructure currently has a market capitalisation of approximately Rs. 876.80 crore. Promoters hold a 57.69% stake in the company, while institutional and non-institutional investors own 0.11% and 42.20%, respectively.

The stock movement comes as the company announced a significant technology collaboration through its wholly owned subsidiary, Oriental Foundry (OFPL). The subsidiary has signed a Technology Development Agreement with the All-Union Research and Development Centre for Transportation Technology (VNICTT), the design and engineering arm associated with Russia-based United Wagon Company (UWC).

Under the agreement, VNICTT will be responsible for developing a 25-tonne axle-load bogie and a solid-bottom gondola freight wagon. The scope includes engineering design, preparation of technical documentation and technical assistance during the testing phase.

The collaboration is expected to complement Oriental Rail Infrastructure’s existing expertise in wagons, bogies and railway components. It will also provide the company access to specialised international capabilities in freight wagon and bogie engineering, supporting the development of technologically advanced rolling stock products.

Oriental Rail Infrastructure is primarily engaged in the manufacturing and distribution of wood-based decorative products, alongside its presence in railway-related products and components.

JSW Energy was trading at RS 537.10 on the BSE, registering a gain of RS 1.10, or 0.21%, compared with its previous close of RS 536.00.

The stock began the session at RS 541.85 and moved between an intraday high of RS 541.85 and a low of RS 534.45. Around 37,040 shares had changed hands on the exchange.

The BSE Group 'A' stock, with a face value of RS 10, has recorded a 52-week high of RS 617.30, reached on 29 May 2026, while its 52-week low stands at RS 428.00, recorded on 27 January 2026.

Over the past week, JSW Energy has traded between RS 511.20 and RS 545.95. The company's current market capitalisation stands at approximately RS 98,458.02 crore.

Shareholding data shows that promoters own 66.53% of the company. Institutional investors hold 27.61%, while non-institutional investors account for the remaining 5.86%.

Operational Capacity Crosses 15 GW

JSW Energy has achieved a major capacity milestone by taking its operational generation capacity beyond 15 GW. The company has commissioned 1,572 MW of additional generation capacity since April 2026, taking its total operational capacity to 15,025 MW.

The company reached the 10 GW operational capacity mark in March 2025. Crossing 15 GW in less than six quarters highlights an expansion pace equivalent to an approximate 26% CAGR and reflects steady execution of its long-term growth strategy.

The capacity commissioned during FY27 so far includes 1,272 MW of renewable energy projects. This comprises 593 MW of solar, 108 MW of wind, 420 MW of hybrid projects and 150 MW of hydro capacity. In addition, the company has added 300 MW of thermal capacity through inorganic growth.

JSW Energy currently has a total locked-in generation capacity of approximately 32.4 GW. This includes around 15.0 GW of operational capacity and 13.4 GW under construction, covering thermal, hydro and renewable projects. A further 4.0 GW remains in the development pipeline.

About JSW Energy

JSW Energy is part of the JSW Group and operates across the power and energy sector. The broader JSW Group has business interests spanning steel, power, mining, industrial gases, port infrastructure, aluminium, cement and information technology.

AJC Jewel Manufacturers shares hit the upper circuit on the BSE, climbing 4.98% to RS 211.85, compared with the previous close of RS 201.80. The stock gained RS 10.05 during the session.

The stock opened at RS 211.85 and remained at the same level throughout the session, recording an intraday high and low of RS 211.85. Around 1,200 shares changed hands on the exchange.

The BSE 'MT' group stock, with a face value of RS 10, also marked a fresh 52-week high of RS 211.85 on September 4, 2026. Its 52-week low stands at RS 71.15, recorded on January 21, 2026.

Over the past week, the stock has traded between RS 181.50 and RS 211.85. At the current market price, the company's market capitalisation stands at approximately RS 128.56 crore.

As per the latest shareholding pattern, promoters own 56.33% of the company, while non-institutional investors hold the remaining 43.67% stake.

Board Approves 80% Acquisition of UAE Jewellery Business

The company's Board has approved a proposal to acquire an 80% stake in AJC Jewel Manufacturers (FZC), Sharjah, UAE. The transaction, valued at approximately RS 9.60 crore, is proposed to be completed through a non-cash share swap.

Under the proposed arrangement, the company may issue up to 5,67,492 equity shares at RS 169.16 per share, subject to obtaining the necessary shareholder and regulatory clearances. Once the transaction is completed, AJC Jewel Manufacturers (FZC) will become a subsidiary of the listed company.

The acquisition is expected to strengthen AJC Jewel Manufacturers' presence in the international jewellery market by giving it majority ownership and greater operational control over an established UAE-based manufacturing business. The move is also in line with the company's strategy to build a scalable jewellery manufacturing platform serving both Indian and overseas markets.

AJC Jewel Manufacturers operates as an integrated manufacturer of 22K and 18K gold jewellery, supplying products to major retail chains, corporate customers and independent jewellers in India as well as international markets.