Top Stocks in the Spotlight: Groww, Kanohar, BHEL, Glass Wall and Others
- Nishadil
- September 16, 2026
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Markets wobble, IPOs debut and dividend actions dominate the trading day
Indian equity indexes slipped sharply on Tuesday as bond yields rose and oil prices stayed high. Meanwhile, several companies – from fresh IPOs like Kanohar Electricals and Glass Wall Systems to dividend‑paying stocks – are set to grab investors’ attention on September 16.
Yesterday’s market drama was hard to miss. The BSE Sensex slid by about 778 points, roughly a 1.0% dip, while the NSE Nifty‑50 fell 279 points, or 1.2%. Higher bond yields and stubbornly pricey crude oil seem to have rattled sentiment across the board.
Still, the real story for many traders is what’s happening on the horizon. A handful of names are poised to dominate headlines on Wednesday, September 16, ranging from fresh IPO listings to dividend‑rich stalwarts.
New listings make their debut. Kanohar Electricals, a transformer maker, kicked off its market journey after an IPO that pulled in a cool Rs 1,056 crore. The issue was swamped with demand – over 49 lakh applications – and was subscribed a whopping 90.6 times. Right behind it, Glass Wall Systems, the façade‑solutions specialist, raised Rs 428 crore, with the issue seeing an 81.6‑times subscription. Both companies priced their shares in tight bands and will start trading on the same day.
Prasol Chemicals, another newcomer, gathered Rs 500 crore from its IPO priced between Rs 643‑676 per share. The subscription level was modest compared to the others – about 3.3 times – but the capital raise will support its specialty‑chemical expansion plans.
Dividend‑heavy names to watch. A long list of companies will trade ex‑dividend today, including 63 Moons, Ajmera Realty, BLS International, Hindustan Copper and many more. Investors seeking a near‑term yield boost might keep an eye on these stocks as the record‑date approaches.
On the earnings front, newly listed Tempsens Instruments (India) is slated to unveil its June‑2026 quarter results later today. While numbers are still under wraps, the report could give a glimpse into how the firm is navigating the current macro backdrop.
Corporate actions also featured prominently. Groww’s parent company is reportedly preparing a block deal where Peak XV Partners and Sequoia Capital may off‑load about 10 crore shares – roughly 1.6% of the equity – at a floor price of Rs 191.45, valuing the deal near Rs 1,918 crore.
State‑run giant BHEL announced a 50:50 joint venture with Titagarh Rail Systems aimed at maintaining Vande Bharat sleeper trainsets for the next 35 years – a move that could deepen its footprint in railway services.
GMR Airports disclosed a modest uptick in passenger traffic for August 2026: overall traffic rose 0.9% YoY to 94.35 lakh, with international travelers up 0.5% while domestic numbers slipped slightly. Aircraft movements, however, jumped 6.3%.
Aurobindo Pharma faced a routine US‑FDA inspection at its Telangana API plant. The regulator noted a single procedural observation – nothing that should alarm investors, but a reminder of the tight regulatory environment.
Infrastructure player NBCC landed work orders worth Rs 144.98 crore from agencies like NE Electric Power Corp and SAIL, underscoring its steady pipeline of government contracts.
Other notable mentions: Saatvik Green Energy secured a massive Rs 1,042 crore order from SECI for solar PV modules; Blue Star is gearing up for a legal showdown in Dubai over an arbitration award; Sunshine Pictures, a newly listed media firm, posted a modest profit for the June 2026 quarter; Tata Communications’ Canadian arm reached a tax settlement with CRA; and Sonata Software signed a five‑year strategic collaboration agreement.
All in all, while the broader market wrestles with macro headwinds, the day ahead promises plenty of micro‑stories that could move individual stocks. Traders would do well to keep an eye on the IPO debuts, dividend dates and the assorted corporate updates listed above.
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