Shares of Wheels India advanced as much as 5.5% to hit an intraday high of ₹2,300 per equity share on the National Stock Exchange on Friday, September 25, following the company’s launch of a qualified institutional placement (QIP) on September 24. A regulatory filing disclosed that the Fundraiser Committee approved the QIP at a meeting on Thursday, September 24, setting a floor price of ₹2,197.10 per share with a potential discount of up to 5%. The company will determine the issue price for the ₹180 crore QIP in consultation with the lead manager on September 25.

The Indian benchmark indices, SENSEX and NIFTY50, traded flat during the afternoon session on Friday, September 25, after early gains were pared. At 1:38 PM, the S&P BSE SENSEX declined by 11.92 points, or 0.02%, to 73,568.62, while NSE’s NIFTY50 stood at 23,035.85, down 27.25 points, or 0.12%. On Thursday, foreign institutional investors sold shares worth ₹5,027.36 crore, whereas domestic institutional investors purchased equities worth ₹4,301.18 crore on a net basis, according to exchange data.

Welspun Corp shares jumped as much as 5.35% to ₹2,836.50 after its U.S. subsidiary, Welspun Tubular LLC, secured its largest-ever order for High‑Frequency Induction Welded (HFIW) pipes worth about $412.5 million (₹4,000 crore). The pipes will be manufactured at an upgraded facility in Little Rock, USA, with execution scheduled for FY28 and FY29. The order pushed Welspun Corp’s global order book to a record $4.7 billion (around ₹45,000 crore).

Oracle Financial Services Software stock fell as much as 5.43% to ₹10,332 after a report suggested that Oracle issued a force majeure notice to its Blue Owl unit, the developer of a large New Mexico data centre, citing potential delays in securing power. The notice, reported by Reuters, stated that Oracle cannot terminate the lease under any circumstances and that Blue Owl has about $3 billion in equity in the project, with Oracle responsible for paying the debt costs.

Natco Pharma shares declined despite the board’s approval to raise up to ₹1,279.36 crore through a rights issue on a private placement basis. The board approved issuing 1.71 crore rights equity shares with a face value of ₹2 each, a rights issue price of ₹750 per share, and a premium of ₹748 per unit. The record date is set for Thursday, October 1, 2026, with the issue opening on Monday, October 12, 2026, and closing on Thursday, October 22, 2026. An on‑market renunciation will be available from Monday, October 12, to Friday, October 16, 2026.

Other notable movements included Hero Motors shares rising 20% to hit its upper circuit level, trading at ₹141.69 per share with a market capitalisation of ₹6,435.78 crore, 68.67% above the IPO issue price of ₹84. PB Fintech reversed a 36% fall to trade in the red, falling 7.6% to ₹1,115 per share after insurance distributors faced heavy selling pressure due to proposed IRDAI commission changes. Whirlpool of India surged 12.48% to ₹960 after clarifying it was not a party to negotiations with Whirlpool Corporation regarding stake sales.