Stocks to Watch for September 25: PB Fintech, Inox Green Energy, Dr Lal Path, JSW Cement and more

PB Fintech | PB Fintech shares plunged 36% on Thursday after IRDAI proposed sweeping changes to insurance distribution economics. In an analyst call, the company flagged a serious revenue impact on general insurance, concerns over agent commissions and a potential slowdown in hiring.

Waaree Energies Ltd | The company said its wholly owned subsidiary, Waaree Clean Energy Solutions Ltd (WCES), has entered India's specialty gases business and plans to supply ultra-high-purity gases and chemicals to semiconductor and solar cell manufacturers across the country.

Interarch Building Solutions Ltd | The firm said it has inaugurated a new heavy structural steel manufacturing facility at Attivaram in Andhra Pradesh, with an initial manufacturing capacity of 24,000 MT per annum, expanding its capabilities in complex and heavy steel structures.

Dr Lal PathLabs Ltd | Diagnostic services provider Dr Lal PathLabs Ltd on Thursday (September 24) said it has approved the acquisition of a 70% stake in SN Genelab Private Ltd (SN Gene) for a cash consideration of up to ₹168 crore, along with a performance-linked earn-out capped at ₹31.5 crore.

Wheels India Ltd | Leading manufacturer of wheels for trucks, agricultural tractors, and passenger vehicles, Wheels India Ltd, on Thursday (September 24) has launched a ₹250 crore Qualified Institutional Placement (QIP) at an indicative issue price of ₹2,088 per share, with a discount of up to 4.3%.

JSW Cement | The firm, part of Sajjan Jindal-promoted diversified JSW Group, said it has received a show-cause notice from the Additional Commissioner of Central Tax, Belagavi Audit Commissionerate, proposing a ₹229.85 crore GST demand, along with applicable interest and a 10% penalty.

Inox Green Energy| Its QIP opened on Thursday, with the floor price set at ₹174.36 per share. The company may offer a discount of up to 5% on the floor price.

Sterlite Technologies Limited | STL announced that it has added a new line of ready-made fibre optic cables to its Neuralis data centre product range. The company said the new cables come in sizes carrying between 48 and 6,912 individual optical fibres.

Nykaa | India's largest beauty retail company, and BOLD (Business Opportunities for L'Oréal Development), the corporate venture capital fund of L'Oréal, on Thursday announced a collaboration to jointly invest in the next generation of high-growth Indian beauty and personal care brands.