The Indian stock market is abuzz on Friday, September 18, 2026, with several prominent companies making headlines due to significant corporate developments, financial results, and strategic initiatives. Investors will be closely watching movements in key stocks, including those from the Tata Group, aviation players IndiGo and Skyways Air, and defence giant Bharat Electronics (BEL).
Tata Group Faces Governance Standoff
Shares of Tata Group companies are under scrutiny following reports of a governance dispute. Tata Sons Chairman N Chandrasekaran's reappointment for another five-year term has reportedly triggered a standoff, with Tata Trusts Chairman Noel Tata challenging the resolution. Moneycontrol reported that Noel Tata considers the resolution "legally void" and asserts that the Trusts' nominee directors must approve any chairman appointment.
Aviation Sector Updates: IndiGo and Skyways Air
InterGlobe Aviation, the operator of IndiGo, has announced revised charges for various services, including excess baggage, infant tickets, travel for unaccompanied minors, and the Fast Forward priority service. These price adjustments represent an increase of up to 33 percent, which could impact passenger costs and airline revenue.
Meanwhile, recently listed air cargo and logistics firm Skyways Air Services reported robust financial performance for the June 2026 quarter. The company saw its net profit surge nearly threefold to Rs 19.67 crore, while revenue increased by 90.4 percent year-over-year to Rs 1,216.5 crore. Operating profit also climbed 85.2 percent to Rs 50 crore. Skyways Air Services declared an interim dividend of Rs 0.25 per share, setting October 9 as the record date.
Tech and Defence: Wipro and BEL
IT services major Wipro has unveiled Wipro STO360, a new solution developed in collaboration with Aramco and SAP. This offering aims to assist asset-intensive organizations in modernizing and efficiently managing their shutdown, turnaround, and outage (STO) activities, optimizing operational efficiency.
State-run defence electronics company Bharat Electronics (BEL) continues to secure significant contracts. Since August 26, BEL has received additional orders totaling Rs 648 crore. These orders encompass a range of critical defence technologies, including laser-based IR jammers, communication equipment, cybersecurity solutions, thermal imagers, transducers, AI-based software, TR modules, upgrades, spares, and related services.
New Listings and Financial Moves: Veegaland, PB Fintech, Federal Bank
Kerala-based real estate developer Veegaland Developers is set to debut on the stock market today, September 18. The company successfully raised Rs 210 crore through its initial public offering (IPO), which was open from September 10-15. The issue, priced at Rs 140 per share with a lot size of 107 equity shares, was oversubscribed 13.55 times, attracting nearly 4.35 lakh applications.
PB Fintech, the parent company of Policybazaar, has categorically denied market speculation regarding the potential resignation or stepping down of its Chairman, Executive Director, and Group CEO, Yashish Dahiya. The company confirmed these rumors as "false and baseless."
Private lender Federal Bank's board of directors has approved the establishment of a medium-term note (MTN) programme, allowing for the issuance of up to $500 million.
Energy and Infrastructure: PTC India, NLC India, Petronet LNG, GPT Infraprojects
State-run power trader PTC India has formed a joint venture with NLC India Renewables, named NIRL PTC Renewables. This new entity will explore and develop green energy projects, with PTC India holding a 26 percent stake and NLC India Renewables owning 74 percent.
Liquefied natural gas (LNG) player Petronet LNG has approved a proposal for a 50:50 joint venture with Gruner Renewable Energy Private Limited. The JV plans to establish 10 compressed biogas (CBG) plants across India, each with an 18 MT per day capacity, involving an estimated capital outlay of Rs 1,200 crore.
EPC and infrastructure company GPT Infraprojects secured an order worth Rs 483.72 crore from Rail Vikas Nigam for railway bridge construction, bolstering its project pipeline.
Orissa Minerals Development Company returned to profitability in the three months ending June 30, 2026, reporting a net profit of Rs 3.45 crore. Its revenue also saw a significant increase of 47.9 percent year-over-year, reaching Rs 28.6 crore.
Other Market Highlights
Several other companies, including Gaja Capital, Park Hotels, Balu Forge, Cochin Shipyard, and RITES, are scheduled to trade ex-dividend on September 18, 2026. Additionally, Bharat Forge launched its qualified institutional placement (QIP) with a floor price of Rs 1,947.70 per share, aiming to raise approximately Rs 2,000 crore.