Indian Stock Market Today (24 September 2026): Nykaa, Allcargo, Vedanta, Sterlite Tech and Max Estates in Focus

Indian stock markets remained focused on company-specific developments on 24 September 2026, with key announcements spanning beauty and consumer businesses, logistics, technology, infrastructure, metals and real estate. Nykaa's acquisition of a majority stake in Aminu Wellness, Allcargo Logistics' FY26 performance, Sterlite Technologies' expansion in AI and cloud data-center solutions, and Vedanta's clarification on its 2026 ESOPs were among the notable corporate developments.

Key Market Developments

Nykaa Expands Beauty and Wellness Portfolio

Nykaa announced the acquisition of a 51% stake in Aminu Wellness, making the company a subsidiary. The transaction expands Nykaa's exposure to the wellness segment and adds another business to its broader beauty and personal-care ecosystem.

Nykaa also announced a partnership with L'Oréal's Bold Fund to support new Indian beauty brands. The partnership could broaden the company's engagement with emerging beauty businesses and the wider Indian beauty startup ecosystem.

Allcargo Logistics Reports FY26 Performance

Allcargo Logistics reported FY26 revenue of ₹2,058 crore, while EBITDA increased 16% to ₹233 crore. The company highlighted its focus on artificial intelligence, margin improvement and integration of its Vision 2030 strategy.

The combination of higher EBITDA and the company's focus on technology-led operations makes margin improvement and execution of its long-term strategy key areas to monitor.

Sterlite Technologies Expands AI Data-Center Offerings

Sterlite Technologies expanded its Neuralis data-center portfolio with new pre-terminated fiber trunk assemblies supporting configurations of up to 6912F. The products are designed for AI and cloud data-center infrastructure.

The announcement keeps STLTECH in focus as data-center infrastructure requirements increase with the expansion of AI computing and cloud capacity.

Vedanta Clarifies 2026 ESOP Terms

Vedanta clarified that its 2026 employee stock options are fully performance-based and carry a minimum three-year vesting period. The company also provided an update regarding the terms of ESOS 2026 following voting-related developments involving IiAS.

For investors, the clarification provides additional detail on the structure and performance-linked nature of the employee stock option programme.

AXISCADES Raises ₹200 Crore Through NCD Issue

AXISCADES announced a ₹200 crore fundraising through a non-convertible debenture issue. The capital raising is an important corporate-financing development and will be relevant for investors tracking the company's funding requirements and balance-sheet strategy.

Max Estates Approves RPT and Preference Share Issue

Max Estates' extraordinary general meeting approved a related-party transaction and a preference share issue. The company is also scheduled to host an analyst and investor meeting in Ahmedabad on September 29 at 10 AM.

The upcoming investor interaction could provide additional details on the company's business outlook, capital allocation and project pipeline.

Greaves Cotton and Other Investor Meetings

Greaves Cotton will host an analyst and investor meeting on September 29 at 10 AM. Steel Exchange India has scheduled an analyst and investor meeting for September 30. These meetings could provide investors with additional commentary on operating performance and business outlook.

LICI and PSU IPO Proceeds

An update on PSU initial public offerings highlighted ₹12,802 crore of proceeds generated through NSE IPO activity. The development keeps primary-market fundraising and the performance of public-sector offerings in focus.

Other Corporate Updates

• GACM Tech: The company plans to establish a subsidiary in Hong Kong, expanding its international corporate presence.
• Allcargo Logistics: Management emphasized AI adoption, margin improvement and the integration of its Vision 2030 strategy.
• Nykaa: Along with the Aminu Wellness acquisition, the company announced a partnership with L'Oréal's Bold Fund to support Indian beauty startups.
• Vedanta: The company reiterated that its 2026 ESOPs are performance-based with a minimum three-year vesting period.

Market Outlook

Today's announcements highlight several themes across the Indian corporate landscape, including beauty and wellness consolidation, AI and data-center infrastructure, technology-led logistics, corporate fundraising and performance-linked employee incentives.

Investors may track execution of Nykaa's wellness expansion, Allcargo's margin improvement, Sterlite Technologies' data-center opportunity, AXISCADES' use of raised capital and upcoming management interactions at Max Estates, Greaves Cotton and Steel Exchange India.

Stocks to Watch

Nykaa, Allcargo Logistics, Vedanta, Sterlite Technologies, AXISCADES, Max Estates, Greaves Cotton, Steel Exchange India, GACM Tech and LICI are among the stocks that may remain in focus following the latest corporate announcements.