As of September 24, several key stocks are making waves in the Indian stock market with significant developments across industries. Investors are closely watching the performance of Bharti Airtel, Power Grid, Reliance Power, Punjab National Bank (PNB), and others based on recent market news.

Bharti Airtel has erected 1,700 towers in Gujarat within seven months, which significantly bolsters its network infrastructure in the region. The telecom giant's push to expand coverage in strategic locations reflects its commitment to meeting increasing data demands. Investors might find this news particularly favorable as it demonstrates Bharti Airtel’s growth potential in the competitive telecom sector.

Meanwhile, Power Grid Corporation has been declared the successful bidder for the establishment of an inter-state transmission system in Khavda, Gujarat. This project is another step toward strengthening India's transmission network and positions Power Grid as a leader in the energy infrastructure sector. The bidding success is likely to boost Power Grid's stock value.

In financial sector news, Punjab National Bank (PNB) has launched a Qualified Institutional Placement (QIP) to raise up to ₹5,000 crores. The indicative price for this issuance is set at ₹103.75 per share. This capital infusion is expected to bolster the bank's balance sheet and enhance its lending capacity.

Reliance Power has approved a fund raise of up to ₹1,525 crores via a preferential issue, which will allow the company to finance its upcoming projects and maintain liquidity. The announcement is a major update for investors interested in Reliance Power’s growth trajectory in the energy sector.

GR Infraprojects, a key player in the infrastructure sector, has emerged as the lowest bidder for a Nagpur Metro project worth ₹903.53 crores. This deal further cements GR Infra's reputation for handling large-scale infrastructure projects.

In healthcare, AstraZeneca has received the CDSCO's nod for the import of Durvalumab, a key drug for cancer treatment. This clearance enables the company to sell and distribute the drug, which is expected to have a significant impact on AstraZeneca's stock in the healthcare sector.

Senco Gold has also made headlines with a significant block deal involving 5.89 lakh shares, further illustrating strong investor interest in the gold sector amid fluctuating global prices.

Firstsource Solutions continues to expand its international footprint by acquiring Ascensos for GBP 42 million (approximately ₹468 crores), which enhances its capabilities in the business process outsourcing (BPO) market.

Thangamayil Jewellery is considering a fund raise via the issuance of equity shares or bonds on September 26, an event that will be closely monitored by investors looking for opportunities in the retail gold market.

Pondy Oxides has announced a plan to raise up to ₹250 crores via a Qualified Institutional Placement (QIP). Additionally, the record date for a 1:2 stock split is set for October 16, which could potentially drive up demand for its shares.

Spandana Sphoorty is looking to sell stressed loans worth ₹304 crores to an Asset Reconstruction Company (ARC) for ₹16.7 crores plus 8.5% of security receipts, aimed at cleaning up its balance sheet and improving financial health.

On the other hand, BGR Energy has faced a setback with the Chennai Water Supply and Sewage Board terminating a contract worth ₹440 crores, impacting its revenue outlook.

For more updates on IPO trends, refer to this Best IPOs to Apply Now - IPO List 2024. Stay informed with the Top News Headlines, covering share market movements and other business updates.

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