Key Highlights: Stocks in News, Economic & Global Updates 23rd September 2026 by GEPL Capital Ltd
Stocks in News
• ARVIND SMARTSPACE: Announces bookings of over Rs 500 Cr in Bengaluru project; bookings achieved within 30 days of launch. Project was acquired outright in February 2026 and has topline potential of Rs 860 Cr.
• DHANUKA AGRITECH: Launches POLIN fungicide in India, developed with Nippon Soda, Japan. Features novel DHODHI mode of action (FRAC 52) and targets leaf and neck blast diseases.
• AARTI PHARMLABS: Targets 15–18% revenue and EBITDA CAGR over next 3 –4 years. FY26 capex at Rs 400 Cr; FY27 outlook expected at similar levels. To invest in R&D towards peptides and oligonucleotides and expand portfolio capabilities. Atali Block 2 groundbreaking planned in Q3FY27.
• AVENEUE SUPERMART: The Company opens new store in Maharashtra; total number of stores stands at 513.
• LEMON TREE HOTELS: The company gets observation letters with 'no objection' from NSE and 'no adverse observations' from BSE. Opens 48-room hotel in Nashik
• LG ELECTRONIC INDIA: Expects double-digit growth in festive sales; ramps up exports by adding new markets for premium product portfolio. Expects overseas markets to contribute double-digit share of overall revenue in coming years.
• CUPID: The company Raises FY27 revenue/Net Profit guidance to Rs 725–750 Cr/Rs 210–225 Cr, with revenue targeted at Rs 1,085 Cr in FY28 and Rs 1,500 Cr in FY29.
• EMBASSY DEVELOPMENT: The company allots NCDs worth Rs 105 Cr out of Rs 160 Cr total issue size.
• JSW DULUX: The company sets October 22 as record date for stock split of 1 share into 10 shares.
Economic News
• States' revenue growth to accelerate 9-11% as GST collections rise 16% in first five months: Revenue growth for 18 major Indian states is projected to accelerate to 9 to 11% in fiscal 2027, taking combined revenues past Rs44 lakh crore, according to Crisil Ratings. This financial expansion is driven primarily by a 12–13% rise in GST collections supported by robust consumption and import gains alongside an 11 to 12% increase in tax devolution from the Centre. Stable growth in liquor, petroleum, and stamp duty taxes will further reinforce state balance sheet.
Global News
• Dollar steadies near two-month high as rate-hike bets support the greenback, while easing oil prices offer some relief to inflation concerns: The US dollar remained near a two-month high at 100.56 as expectations of further Federal Reserve rate hikes supported the currency, while the euro weakened to $1.1446 and sterling stood at $1.3337. Easing Brent crude prices near $99.22, on hopes of a diplomatic breakthrough to end the Middle East conflict, provided some relief to inflation concerns, although uncertainty remained high. Markets are also focused on the upcoming Trump-Xi meeting and the potential for further global policy shifts. Meanwhile, the yen weakened to 157.55 per dollar as the Bank of Japan’s recent rate hike was viewed as insufficiently hawkish, keeping intervention risks in focus, particularly with USD/JPY approaching.
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