Stocks to Watch Today: ESDS Software, Purple Style Labs, Axiom Gas, Dr Lal PathLabs, LCC Projects, Waaree…

Fresh updates from the financial markets indicate that Let's catch up on the latest news from the equity market. From significant investments to major deals, quarterly earnings, acquisitions, and order wins, here’s a quick look at which stocks will be in focus in today's trade:

ESDS Software Solution Q1 (Consolidated YoY)

Earnings grows 14% to Rs 29.3 crore Vs Rs 25.7 crore

Topline increases 7.3% to Rs 133.7 crore Vs Rs 124.6 crore

Purple Style Labs Q1 (Consolidated YoY)

Loss narrows to Rs 88.1 crore Vs loss of Rs 100.3 crore

Topline jumps 13% to Rs 119.4 crore Vs Rs 105.7 crore

The firm has opened its qualified institutions placement (QIP) on September 24, with the floor price set at Rs 2,197.10 per share.

The firm may offer a discount of up to 5 percent on the floor price.

Inox Green Energy Services

The firm opened its QIP on September 24, with the floor price set at Rs 174.36 per share. It may offer a discount of up to 5 percent on the floor price.

The firm's subsidiary, Waaree Clean Energy Solutions, announced its entry into India's specialty gases business, aiming to become a one-stop supplier to the country's semiconductor and solar cell manufacturers.

The board has approved the firm's acquisition of a 70 percent stake in SN Genelab from its existing shareholders for up to Rs 168 crore. Following the acquisition, SN Genelab will become a subsidiary of the firm. The transaction is anticipated to be completed by November 30, 2026.

The firm has strengthened its Neuralis Data Center portfolio with pre-terminated fiber trunk assemblies ranging from 48F to 6,912F. This high-density cabling portfolio is purpose-built for hyperscale and enterprise data centres, which are witnessing an unprecedented surge in bandwidth demand fuelled by AI, cloud and high-performance computing workloads.

L&T Technology Services

The firm announced its strategic partnership with Cognite, a global leader in Industrial AI, to develop and deliver joint industrial AI and data solutions for asset-intensive industries, extending LTTS' Engineering Intelligence portfolio with Cognite's Industrial AI capabilities.

The firm has emerged as the L-1 bidder for the construction of the Chhoti Kalisindh Medium Irrigation Project based on a sprinkler system with solar power at Chhoti Kalisindh and Chahurni rivers in Gangdhar, Rajasthan, with a total estimated value of Rs 653.34 crore. FSN E-Commerce Ventures Nykaa

Nykaa and BOLD (Business Opportunities for L’Oréal Development), the corporate venture capital fund of L’Oréal, announced a collaboration to jointly invest in the next generation of high-expansion Indian beauty and personal care brands.

The firm has received a show-cause notice from the Additional Commissioner, Central Tax, Belagavi Audit Commissionerate, in relation to an alleged short payment of GST on account of incorrect classification.

The department has consequently proposed a GST demand of Rs 229.85 crore, along with applicable interest and a 10 percent penalty, for the period from April 2022 to March 2024.

In the meantime, JSW One Platforms, promoted by JSW Steel and JSW Cement, has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI), BSE and National Stock Exchange of India for raising funds of up to Rs 3,054 crore through an initial public offering (IPO).

Buyers included sovereign funds such as the Government of Singapore (GIC) and the Monetary Authority of Singapore, along with T Rowe Price, Amansa Holdings and several domestic mutual funds, including SBI, ICICI Prudential, Axis, Aditya Birla Sun Life and Invesco.

Brainbees Solutions (FirstCry)

NewQuest Asia Investments, a pre-IPO investor, sold 1.15 crore shares worth roughly Rs 202 crore. That stated, Goldman Sachs bought 68 lakh shares worth around Rs 119 crore.

Nephrocare Health Services (NephroPlus)

Polar Capital's Healthcare Opportunities Fund emerged as the standout buyer, picking up 25.46 lakh shares worth around Rs 179.5 crore at Rs 705 per share.

HDFC Mutual Fund bought 25 lakh shares worth around Rs 320.6 crore at Rs 1,282.30 per share on the same day the stock crashed 36 percent following the IRDAI's proposed changes to insurance distribution commissions.

BlueStone Jewellery and Lifestyle

Sri Lotus Developers and Realty

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