Shares of Skipper Ltd rose as much as 3.3% to an intraday high of ₹580 apiece on the NSE on Wednesday, September 23, after the company secured fresh new orders worth ₹797 crore for domestic and international power transmission and distribution projects. The order wins include international export orders for the supply of transmission towers and monopoles for power T&D projects in Australia, and a domestic 765 kV transmission line project from a reputed domestic developer. The regulatory filing confirmed the order values and the project scope, contributing to the stock’s upward momentum.

The Indian benchmark indices rallied during the afternoon session on Wednesday, September 23, amid a decline in global crude oil prices and buying in metal, realty and PSU banking stocks. The SENSEX surged as much as 0.6% to hit an intraday high of 74,973.74, while the NIFTY50 gained as much as 0.6% to touch the session’s peak of 23,466.90. At 1:19 PM, the S&P BSE SENSEX advanced by 369.14 points, or 0.50%, to trade at 74,898.22, and NSE’s NIFTY50 stood at 23,447.80, marking a 118.80‑point, or 0.51% jump.

Metal stocks such as Welspun, Vedanta, Hindustan Copper, SAIL, and Hindustan Zinc gained up to 4% on Wednesday, as investors focused on copper prices hitting a fresh all‑time high. Copper futures in the US touched an all‑time high of $6.92 per pound, rising around 4.6% in the last five market sessions. Lower copper production in major exporting countries like Indonesia and DRC due to operational incidents created supply constraints, supporting prices and driving gains in copper‑related equities.

Adani Group shares were in positive territory early on Wednesday after SEBI settled adjudication proceedings against five Adani group companies. The proceedings involved alleged violations related to disclosure of related‑party transactions and audits, with the firms collectively paying ₹1.5 crore as a settlement. The proceedings stemmed from SEBI’s examination into allegations highlighted in a January 2023 report of now‑closed US short‑selling firm Hindenburg Research, including possible violations of listing regulations and the erstwhile listing agreement.

Hero Motors Ltd listed at a discount on the NSE, trading at ₹82 apiece, a discount of 2.38% against the IPO issue price of ₹84. On the BSE, the stock is listed at ₹82.10 per unit, down 2.26% from the issue price. Later, the scrip rose 20% to ₹98.40 per unit on NSE, hitting its upper circuit. Its market capitalisation stands at ₹4,469.48 crore, reflecting strong investor demand and a premium over the issue price.

Patanjali Foods shares climbed as much as 2.2% to hit an intraday high of ₹412.90 per equity share after Jefferies issued a note expressing confidence that Patanjali Foods will achieve the higher end of edible oil margin guidance of 4% and sustain 18‑20% margins in the home and personal care segment. Jefferies noted near‑term rural demand softness but expects a festive‑led recovery driven by resilient urban demand. Despite sunflower oil supply disruptions and commodity inflation, the company maintained FY27 growth guidance of 4% volume for edible oil, 8‑10% for foods, and 15% for the home and personal care segment.