The stock market started on a strong note as investors focused on company-specific news, driving today’s trade. Key stocks such as Dr Reddy’s, Apollo Tyres, Tech Mahindra, PNB, and Akzo Nobel are expected to remain in the spotlight following fresh developments. Positive updates, management decisions, and strategic deals are likely to influence investor sentiment and stock performance. Today, the stock market is bustling with activity due to various developments, including new product launches in the pharmaceutical sector, sponsorship deals in sports, stake increases, and regulatory approvals. Here’s an overview of the key news impacting these stocks.
Stock Market on September 17
Dr Reddy’s
Dr Reddy’s has launched Tegoprazan, a novel patented molecule in India used for treating acid-related gastrointestinal disorders.
Apollo Tyres
Apollo Tyres has become the new principal sponsor of Team India after Dream11 stepped down as the cricket team’s jersey sponsor.
Tech Mahindra
Life Insurance Corporation of India (LIC) has raised its shareholding in Tech Mahindra by 2.004%, now holding 10.84% compared with its earlier 8.836%.
PNB
The government has extended the tenure of PNB’s Executive Director, M. Paramasivam, until March 31, 2027, beyond his previous term ending on November 31, 2025.
Akzo Nobel
The Competition Commission of India (CCI) has approved JSW Paints’ acquisition of up to 75% of the shareholding in Akzo Nobel India, marking a significant consolidation in the paints sector.
