76%. From a technical perspective, the 23,500–23,600 zone remains the immediate resistance band, according to analysts.
A sustained move above 23,600 would be required to strengthen the ongoing recovery. Against this backdrop, shares of ONGC, Lloyds Metals and Energy, Canara Bank, Suryoday Small Finance Bank, Pine Labs, Garden Reach Shipbuilders and Engineers, and several other companies are likely to remain in focus on Tuesday following key corporate announcements.
Oil & Natural Gas Corporation (ONGC) ONGC announced that it struck gas on September 18, 2026, at its deepwater well MN-DW18-1-H-D in the Mahanadi Offshore Basin, off the Odisha coast, under the Samudra Manthan initiative. The well was drilled to a target depth of 1,623 metres, with the gas strike recorded in the 1,441–1,452 metre interval.
Lloyds Metals and EnergyLloyds Metals and Energy has approved an investment of Rs 190 crore to expand the capacity of its Direct Reduced Iron (DRI) plants at Ghugus in Chandrapur district and Konsari in Gadchiroli district, Maharashtra. The company said the expansion is expected to be completed within one year and will be funded through internal accruals.
Read more: Ahead of Market: 10 things that will decide stock market action on TuesdayCanara BankCanara Bank informed the stock exchanges that Moody’s Ratings has assigned a Senior Unsecured (P) rating of Baa3 to the bank. Suryoday Small Finance BankSuryoday Small Finance Bank has approved raising up to Rs 200 crore through the issuance of Lower Tier II non-convertible debentures in a single series.
The issuance will be undertaken on a private placement basis. 5 crore, according to a report.
ModisonModison said it has completed the transfer of its entire shareholding in its wholly owned subsidiary, Modison HV Private Limited. Following the transaction, Modison HV Private Limited ceased to be a wholly owned subsidiary of the company with effect from the close of business hours on September 21, 2026.
9 crore in Q1 FY26. 2 crore in the year-ago quarter.
The company said new businesses that have not yet started generating revenue resulted in additional expenses, including operating expenditure of Rs 23 crore and depreciation of Rs 12 crore. Revenue generation from various new businesses is expected to commence over the next six to 12 months, according to the company.
Knowledge Marine & Engineering WorksCARE Ratings has reviewed and revised the outlook on the credit ratings assigned to Knowledge Marine & Engineering Works. The rating outlook for long-term bank facilities has been upgraded to “BBB+; Positive”, while the “A2” rating for short-term bank facilities has been reaffirmed.
