Buzzing Stocks: Indiabulls up 5% on agreement with Fintech Cloud; Raymond gains 10% on order wins

According to fresh market updates, Stock-specific activity is likely to stay in focus on Dalal Street on September 15, following a slew of corporate developments.

Indiabulls stock price further noted 5% following the firm executed a definitive agreement with Fintech Cloud, which provides technology-enabled solutions and backing for origination, underwriting and servicing to NBFCs, to acquire a 70% stake for Rs 1,050 crore by way of an NCLT Scheme.

Shares of Raymond rose 10% following firm's aerospace subsidiary secured significant new aerospace business from a leading Indian aerospace and defence major, during the quarter. The award covers more than 300 part numbers — precision-machined, casting and structural — across multiple aircraft applications, with annual volumes exceeding 37,000 components. At anticipated production rates, this represents an annual business potential of approximately Rs 33 crore.

ACME Solar shares rose 3% after HSBC maintained ‘buy’ and boosted the target price to ₹450 per share, citing signs of recovery in renewable-energy auction activity after a slowdown during the past year. The brokerage noted that the firm converted 730 MW of Letters of Award (LoAs) into power purchase agreements (PPAs) in Q2, providing confidence around business momentum. HSBC additionally boosted its valuation multiple to reflect the improving sector backdrop.

Coforge shares shed 2% after DK Singh has resigned as Non-Executive Independent Director and Chairperson of the Nomination and Remuneration Committee (NRC) with immediate effect. The Board has reconstituted the NRC and Stakeholders' Relationship Committee (SRC) and designated Beth Boucher, Non-Executive Independent Director, as the Chairperson of the NRC.

Stock price of Info Edge advanced 3% as Himanshu Agarwal joined the firm as Chief Financial Officer and Additional Director with effect from September 17. Ambarish Raghuvanshi's tenure as Interim CFO and KMP of the firm will conclude with effect from September 16.

Market participants are anticipated to stay focused on brokerage calls, block deals, order wins, regulatory developments and other firm-specific triggers that could drive stock-level volatility during the session.