Buzzing Stocks: Nibe surges 8% on Naval Group MoU; VIP Industries gains on ₹500-cr fundraise

Fresh updates from the financial markets indicate that Stock-specific activity is likely to stay in focus on Dalal Street on September 21, following a slew of corporate developments.

Shares of Knowledge Marine further noted 2% after firm secured its third Green Tug contract from the Mumbai Port Authority. The contract, valued at Rs 279.33 crore, involves the construction and hiring of a battery-operated Green Tug for a tenure of 15 years.

HEG stock price rose 5% following firm's subsidiary, Replus Engitech, has received orders worth Rs 217.56 crore from Indus Towers for the supply of lithium-ion battery banks.

Nibe shares surged 8% on signing Memorandum of Understanding (MoU) with France's Naval Group to establish a formal framework for cooperation across a range of technological areas of mutual interest in modern naval technologies in shipbuilding, defence platforms and autonomous systems such as underwater drones, mine countermeasure vessels, underwater submarine systems and technologies, naval weapon-rolling out systems and their maintenance.

VIP Industries shares rose 1% after firm board has approved a proposal to mobilize funds amounting to Rs 500 crore in FY27, in one or more tranches. The funds may be boosted through the issuance of equity shares, debt securities, convertible securities, depository receipts (ADR/GDR), foreign currency convertible bonds (FCCBs), warrants, preference shares or other eligible securities. The proposed fundraise will further accelerate the firm's ongoing expansion initiatives, fund working capital requirements and enhance capabilities that will backing long-term value creation.

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.