Buzzing Stocks: Nibe surges 8% on Naval Group MoU; VIP Industries gains on ₹500-cr fundraise

Stock-specific activity is likely to remain in focus on Dalal Street on September 21, following a slew of corporate developments.

Shares of Knowledge Marine added 2% after company secured its third Green Tug contract from the Mumbai Port Authority. The contract, valued at Rs 279.33 crore, involves the construction and hiring of a battery-operated Green Tug for a tenure of 15 years.

HEG share price rose 5% following company's subsidiary, Replus Engitech, has received orders worth Rs 217.56 crore from Indus Towers for the supply of lithium-ion battery banks.

Nibe shares surged 8% on signing Memorandum of Understanding (MoU) with France's Naval Group to establish a formal framework for cooperation across a range of technological areas of mutual interest in modern naval technologies in shipbuilding, defence platforms and autonomous systems such as underwater drones, mine countermeasure vessels, underwater submarine systems and technologies, naval weapon-launching systems and their maintenance.

VIP Industries shares rose 1% after company board has approved a proposal to raise funds amounting to Rs 500 crore in FY27, in one or more tranches. The funds may be raised through the issuance of equity shares, debt securities, convertible securities, depository receipts (ADR/GDR), foreign currency convertible bonds (FCCBs), warrants, preference shares or other eligible securities. The proposed fundraise will further accelerate the company's ongoing growth initiatives, fund working capital requirements and enhance capabilities that will support long-term value creation.

Investors are expected to remain focused on brokerage calls, block deals, order wins, regulatory developments and other company-specific triggers that could drive stock-level volatility during the session.