Stocks to Watch for September 9: Bank of Baroda, GE Shipping, Biocon and more

By Megha Rani  September 8, 2026, 11:34:25 PM IST (Updated)

Bank of Baroda | The bank plans to divest up to 76,90,375 NSE shares, equivalent to 35% of its holding, through an Offer for Sale as part of NSE’s proposed IPO, subject to regulatory approvals. The shares were transferred to an escrow account on September 8, with the sale expected to be completed by the end of September.

Biocon | Active Pine is likely to sell up to 1.66 crore shares, or a 1% stake, in Biocon through a block deal worth around ₹638.4 crore. The floor price has been set at ₹385 per share, implying a discount of up to 1.9% to the current market price. The seller will be subject to a 30-day lock-up period for any further stake sale.

Innovision | The firm has secured two work orders worth a combined ₹243.60 crore from NHAI for toll collection and facility maintenance at highway fee plazas in Madhya Pradesh. The larger ₹219.07 crore contract covers toll collection and maintenance at the IDTL A and B fee plazas on the six-laning project of the Indore-Dewas section of NH-3, along with upkeep of adjacent toilet blocks.

Enviro Infra Engineers | The firm said its step-down subsidiary Suyog Urja has secured a ₹189.99 crore contract, excluding GST, from Tata Power Renewable Energy for EPC turnkey works for a 180 MW NTPC wind power project at Parli, Maharashtra. The order, awarded on September 7, covers wind turbine foundation, Balance of Plant and 33-kV transmission line works, and is scheduled for completion by March 31, 2027.

Great Eastern Shipping Company | The shipping major has contracted to acquire a secondhand 81,609-dwt Kamsarmax dry bulk carrier built in 2019, with delivery expected in Q3 FY27. The company said the acquisition will expand its fleet and be funded entirely through internal accruals.

Sanofi India | The firm said the Supreme Court has dismissed its petition challenging criminal proceedings linked to a CBI complaint over pharmaceutical supplies to BARC, Mysore, between 2012 and 2015. The company said the September 7 order does not record any finding of guilt or decide the merits of the case, but concerns whether prosecution can continue without any individual employee being arraigned.

Raymond | The firm will raise up to ₹214.71 crore through a preferential issue of 33,28,686 convertible warrants to Minerva Ventures Fund, according to a regulatory filing on Tuesday. The warrants will be issued at ₹645 each, with each warrant carrying the right to subscribe to one equity share at the same price. The fundraise, approved by the board on September 8, is subject to shareholder and regulatory approvals.

MosChip | The firm said the Supreme Court has directed respondents in a dispute linked to its proposed acquisition of 73% of Vayavya Labs to furnish an additional ₹200 crore security by September 15. The company said it has no connection with the underlying dispute and that the order involves no violation or finding of guilt against it.

Bajaj Finance | The company has allotted 2,05,000 secured NCDs of ₹1 lakh face value each, aggregating ₹2,050.03 crore, on a private placement basis. The NCDs carry an 8.07% annual coupon, have a tenure of 1,294 days and mature on March 25, 2030. They will be listed on the BSE Wholesale Debt Market segment.

Tata Consultancy Services | TCS has secured a ₹122.6 crore contract from the Odisha government to implement OSWAS 3.0, extending its partnership by around six years. The project will integrate workflow automation, analytics, security and AI capabilities on a common digital platform. The existing OSWAS platform is used across more than 4,600 government offices and by nearly 50,000 users in Odisha.tion.

Laxmi Organic Industries | The firm said Rajan Venkatesh will resign as MD & CEO effective November 13, 2026. Harshvardhan Goenka will take over as MD & CEO from November 14 for a five-year term.

NLC India Ltd | State-run firm said its wholly owned subsidiary NLC India Renewables Ltd (NIRL) has received a Letter of Award (LoA) from SJVN Ltd for development of a 200 MW wind power project.

CSB Bank Ltd | Thrissur-based CSB Bank Ltd on Tuesday (September 8) said the Reserve Bank of India (RBI) has approved ICICI Prudential Asset Management Company Ltd to acquire an aggregate holding of up to 9.95% of the bank’s paid-up share capital or voting rights.

Berger Paints | The firm will commence commercial production at its new, fully automated solvent-based paint manufacturing facility in Hindupur, Andhra Pradesh, from Wednesday, September 9, the company said in an exchange filing.