MARKETS

Stocks in Focus: Biocon, Cochin Shipyard, Yes Bank, and Others

Stocks in Focus: Lloyds Engineering, SEAMEC, RailTel, and Others - EP
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The GIFT Nifty futures, which is an early indicator of the Nifty50 index stocks, was trading higher by 74 points at 25,497, indicating that the domestic benchmark indices are likely to make a positive start on Thursday.

Earlier on Wednesday, 17 September, the Domestic benchmark indices S&P BSE Sensex gained by 313 points or 0.38%, and settled at 82,694, while the Nifty50 traded 0.36% higher or 90 points, closing at 25,330.

Here are some stocks that are likely to remain in focus on 18 September.

Biocon: Biocon Biologics, a subsidiary of Biocon, announced on Wednesday that it received approval from the US Food and Drug Administration (FDA) for Bosaya (denosumab-kyqq) and Aukelso (denosumab-kyqq), biosimilars of Amgen’s Prolia and Xgeva.

Cochin Shipyard: Cochin Shipyard signed a contract with Oil and Natural Gas Corporation Limited (ONGC) to carry out dry dock and major lay-up repairs of one of ONGC’s jack-up rigs. The order is worth about Rs 200 crore and will be executed within 12 months. The company clarified that the project is not a related-party transaction and that none of its promoter group companies hold any interest in ONGC.

Yes Bank: Sumitomo Mitsui Banking Corporation (SMBC) signed a definitive agreement with CA Basque Investments, affiliated with Carlyle Group Inc., to acquire an additional 4.2% stake in YES Bank. This follows RBI’s approval last month, allowing SMBC to raise its stake up to 24.99% in the private lender. NSE data shows Carlyle Group currently holds a 4.22% stake in YES Bank.

Dixon Technologies: Dixon Technologies (India) announced plans to acquire a 51% stake in Kunshan Q Tech Microelectronics (India), which manufactures camera and fingerprint modules for mobile phones, IoT devices, and automotive applications. The Rs 552.99 crore deal will be executed through a combination of share purchase and subscription agreements.

BR Goyal Infrastructure: BR Goyal Infrastructure, a diversified construction and infrastructure firm, reported an order book of Rs 1,442.93 crore as of 31 August 2025. The company secured fresh contracts worth Rs 434.30 crore between 1 April and 31 August, covering roads, buildings, wastewater treatment projects, and toll collection.

Poonawalla Fincorp: The company said its board approved the allotment of 3.31 crore fully paid-up equity shares on a preferential basis to promoter Rising Sun Holdings Pvt Ltd. The shares, priced at Rs 452.51 each including premium, amount to about Rs 1,499.98 crore, the company stated in its exchange filing.

JK Tyres: The company announced that various state government tax authorities issued a rectification order revising earlier tax penalties. The revised penalties now account for 10% of the IGST, CGST, and SGST amount, the company said in its exchange filing.

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