Stocks to watch for September 22: ONGC, Lloyds Metals, Pine Labs, Garden Reach Shipbuilders and more

Suryoday Small Finance Bank Ltd | Private lender on Monday (September 21) approved raising up to ₹200 crore through the issuance of Lower Tier II non-convertible debentures in a single series on a private placement basis.

Pine Labs Ltd | Mastercard Asia-Pacific Pte. Ltd is likely to sell 4.97 crore shares, or a 4.3% stake, in Noida-based fintech firm Pine Labs Ltd. through a block deal, sources said.

ONGC| State-owned Oil and Natural Gas Corporation Ltd (ONGC) on Monday (September 21) said it struck gas at the deepwater well MN-DW18-1-H-D in the Mahanadi Offshore Basin off the Odisha coast on September 18.

Lloyds Metals and Energy Ltd | The firm said it has approved ₹190 crore of investment to expand the capacity of its Direct Reduced Iron (DRI) plants at Ghugus, Chandrapur district, Maharashtra and Konsari, Gadchiroli district, Maharashtra, with the expansion to be completed within one year through internal accruals.

Pace Digitek | Firm's material subsidiary Lineage Power has secured a Letter of Award worth ₹488.46 crore from NTPC GE Power Services for the supply and commissioning of Battery Energy Storage System (BESS) containers, adding to the company’s growing energy storage pipeline.

Garden Reach Shipbuilders and Engineers Ltd | Kolkata-based defence PSU Garden Reach Shipbuilders and Engineers Ltd on Monday, September 21, approved a ₹2,896 crore capital budgetary outlay for the construction of a greenfield shipyard at Raichak in West Bengal’s South 24 Parganas district.

Allcargo Global Limited | The company's cargo volumes fell in August as the logistics company continued to cut loss-making shipping routes, a move it said has helped improve yields. The company handled 711,000 cubic metres of less-than-container-load (LCL) cargo in August, down 7% from a year earlier and 2% from July, according to its monthly operational update.