The shares of companies of Mistry family owned Shapoorji Pallonji Group surged on Wednesday after it announced its separation plans from Tata Group

India Stock Market News Updates Today: Bharti Airtel, Tata Steel, PowerGrid, NTPC, ONGC, TCS and Bajaj Auto were among the laggards on Sensex pack. On the other hand, Infosys, HCL Tech, Asian Paints, Kotak Bank, Titan and HDFC Bank were among the other gainers.

Share price of Sterling and Wilson Solar has lost 6.78% in two days. Market capitalisation of the firm stood at Rs 3,525.51 crore as of today's closing session

Stocks to watch today on September 18: Vedanta, Dr Reddy, Hindalco, EIH, TVS Motors among others are the top stocks to watch out for in Friday's trading session

Shapoorji Pallonji Group, who owes over Rs 1,000 crore to Sterling and Wilson Solar, has been given time upto September 30, 2021 to repay outstanding loans

The total income of the company fell to Rs 1,099.38 crore in the quarter under review, from Rs 1,309.34 crore a year ago

Construction and real estate sector, the mainstay of the SP Group, has been significantly impacted by the COVID-19 pandemic, leading to fundraising

India Stock Market Highlights Today: Infosys, HCL Tech, Nestle India, M&M, Reliance Industries and Tech Mahindra were among the laggards today, while IndusInd Bank, followed by UltraTech Cement, Tata Steel, Sun Pharma, L&T and ICICI Bank were among gainers.

Top companies that hit the primary market with initial public offerings (IPOs) last year included IRCTC, CSB Bank, Ujjivan Small Finance Bank, Prince Pipes, IndiaMart, Neogen Chemicals, Rail Vikas Nigam, Sterling and Wilson Solar, and Affle India among others

Sterling and Wilson Solar promoters - Shapoorji Pallonji group and Khurshed Daruvala - promised repayment by September; the company's board has approved this new repayment plan

Share price of Sterling & Wilson Solar opened with a gain of 5%  at Rs 199.25 against previous close of Rs 189.80 on BSE

Given the government's ambitious target of achieving 175GW of renewable energy capacity by 2022, KKR believes this is an attractive time to invest in this portfolio and provide even greater solar energy solutions to communities across India

It also noted that shortlisting of securities under this surveillance measure is purely on account of market surveillance and it should not be construed as an adverse action against the concerned company.

Close to 2,000 scrips including Future Retail, Sobha and Indiabulls Housing Finance bore the brunt of coronavirus pandemic

Sterling and Wilson Solar's procurements from China have been affected because of the coronavirus outbreak, but the company is positive deliveries will happen on time and will not severely affect project schedules

Share Market Update: IRCTC, P&G Hygiene, Ashok Leyland, Torrent Power, Suzlon Energy among others will announce their Q3 results today

Stocks to watch today on February 12: IRCTC, P&G Hygiene, Ashok Leyland, City Union Bank, Torrent Power, Suzlon, Hindalco, BHEL, IDBI Bank, Aster DM Healthcare, Glenmark Pharmaceuticals, IndusInd Bank among others are the top stocks to watch out for in Wednesday's trading session

Share Market Update:  Britannia, SML Isuzu, CARE Ratings, Container Corporation Of India, Godfrey Phillips India, Sterling And Wilson Solar, Oberoi Realty, Procter & Gamble Health, Globus Spirits, Excel, Whirlpool among others will announce their Q3 results today

Stocks to watch out for today: Eicher Motors, Sun Pharma, Bata, RITES, Britannia, SML Isuzu, CARE Ratings, Voltas, Inox Leisure, Corporation Bank, Whirlpool among others are the top stocks to watch out for in Friday's trading session

Market buoyancy led to a stellar show by IPOs though funds raised were low