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Thu, 03 Sept 2026
09:04:02 am
Thu, 03 Sept 2026
09:04:02 am
Rudransh Sangwan
Published at: September 3, 2026, 5:01 AM
Synopsis
HUDCO, Hexaware Technologies and Power Grid remain in focus as investors track major corporate developments and fresh updates across infrastructure and technology stocks.
Stock specific action remained in focus on Dalal Street on September 3, 2026, with investors reacting to company developments across the infrastructure, IT and power sectors. The Nifty Midcap index rose 0.3%, while the Smallcap index gained 1%.
Among the stocks in focus, HUDCO shares rose nearly 3% after the company signed an MoU with the Bihar government for financial assistance of up to ₹25,000 crore. Hexaware Technologies fell around 3% after announcing a change in its top leadership, while Power Grid gained after receiving a major transmission project.
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Housing & Urban Development Corporation shares gained nearly 3% after the company signed a Memorandum of Understanding with the Government of Bihar. Under the agreement, HUDCO will provide financial assistance of up to ₹25,000 crore over five years.
The funding will support the development of industrial infrastructure in Bihar, including land acquisition for projects. The announcement puts HUDCO in focus as the company expands its financing activity around infrastructure and development projects.
Hexaware Technologies shares declined around 3% after the company announced the appointment of Vivek Jetley as CEO designate. He will join the company and take over as CEO on October 28, 2026.
Current CEO Srikrishna Ramakarthikeyan will step down as CEO and from the Board on the same date. He will continue with Hexaware as a senior adviser to support the leadership transition.
Power Grid shares also remained in focus after the company received a Letter of Intent for an inter state transmission system project to evacuate power from Rajasthan Renewable Energy Zone Phase IV.
The project will be developed on a build, own, operate and transfer basis and has quoted annual transmission charges of ₹3,244.33 crore. It includes the establishment of 6,000 MW ±800 kV HVDC terminals at Barmer II in Rajasthan and South Kalamb in Maharashtra, along with augmentation of the South Kalamb substation.
The broader market traded higher in early trade, although market breadth on the BSE remained mixed. Around 2,304 shares advanced, 943 declined and 177 were unchanged.
The Nifty Midcap index gained 0.3% and the Smallcap index added 1%, while sectoral action was mixed. Nifty IT declined around 1%, whereas energy, media, metal, PSU Bank, Private Bank and realty indices gained between 0.5% and 2%.
| Period | Return |
|---|---|
| 1 Day | +2.27% |
| 5 Days | -2.35% |
| 1 Month | -6.43% |
| 6 Months | +0.45% |
| 1 Year | -15.60% |
| 5 Years | +321.13% |
| Metric | Value |
|---|---|
| Current Price | ₹183 |
| Market Cap | ₹36,595 crore |
| High / Low | ₹247 / ₹159 |
| Stock P/E | 8.58 |
| Book Value | ₹110 |
| Dividend Yield | 3.31% |
| ROCE | 8.41% |
| ROE | 20.0% |
| Face Value | ₹10 |
| NSE | HUDCO |
| BSE | 540530 |
HUDCO shares rose around 3% after the company signed an MoU with the Bihar government for financial assistance for industrial infrastructure.
HUDCO shares gained after the company announced a major financing agreement with the Bihar government for industrial infrastructure projects.
HUDCO has agreed to provide financial assistance of up to ₹25,000 crore over five years for industrial infrastructure, including land acquisition.
The agreement could create a large lending opportunity for HUDCO, although the actual impact will depend on project execution and loan disbursements.
The MoU has put HUDCO shares in focus because it could increase the company's infrastructure lending pipeline over time.
HUDCO remains a stock to watch because its business is closely linked to housing and infrastructure financing and government backed projects.
Hexaware Technologies shares fell around 3% after the company announced a change in its top leadership.
Hexaware Technologies shares came under pressure after Srikrishna Ramakarthikeyan announced his exit as CEO and Vivek Jetley was named as his successor.
Vivek Jetley has been appointed CEO designate of Hexaware Technologies and is set to take charge as CEO on October 28, 2026.
Srikrishna Ramakarthikeyan will step down as CEO and as a member of the board on October 28, 2026.
No. Srikrishna Ramakarthikeyan will continue with Hexaware Technologies as a senior adviser to support the leadership transition.
The new leadership could bring a fresh focus on growth and AI led services, but investors will watch how the transition affects business performance.
Hexaware Technologies remains worth watching as investors assess the new leadership, business growth and the company's focus on AI led services.
Power Grid shares gained after the company received a Letter of Intent for a major inter state transmission project linked to renewable power evacuation.
Power Grid shares gained after the company received an LoI for a transmission project involving renewable power evacuation from Rajasthan.
Power Grid has won a transmission project for evacuating renewable power from Rajasthan Renewable Energy Zone Phase IV to Maharashtra.
The project carries annual transmission charges of ₹3,244.33 crore and involves a large transmission corridor between Rajasthan and Maharashtra.
The project adds to Power Grid's transmission business and gives the company another large project linked to renewable power transmission.
Power Grid remains a stock to watch as the company continues to participate in large transmission projects linked to India's renewable energy expansion.
HUDCO, Hexaware Technologies and Power Grid are among the stocks in focus following company specific developments announced around the latest trading session.
HUDCO, Hexaware Technologies and Power Grid are among the notable stocks in news because of developments in infrastructure financing, leadership and transmission projects.
HUDCO and Power Grid are both infrastructure focused companies, but their businesses are different, with HUDCO focused on financing and Power Grid focused mainly on electricity transmission.
Investors will likely track the conversion of the Bihar MoU into actual projects, loan disbursements and the effect on HUDCO's lending business.
Investors will watch the leadership transition and whether Vivek Jetley can maintain business growth while expanding Hexaware Technologies' AI focused services.
Investors will watch project execution, transmission infrastructure development and further orders linked to renewable power evacuation.
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