JKB Financial Services Ltd.

As on : 17-Sep-2026

Market Commentary - Stock Alert
17-Sep-2026 08:30

Stock Alert: Salona Cotspin, Sedemac Mechatro, Noble Polymers, Apollo Pipes, Suratwwala Busi

Salona Cotspin Ltd. set a record date of September 16, 2026, for a final dividend of Rs 0.60 per share, face value Rs 10, for fiscal year 2025-26. The stock has declined 3.67% in the last week, risen 4.58% in the last month, and increased 7.62% over the last year, with average delivered quantity at 83.88%.

Sedemac Mechatronics Ltd received rating upgrades from ICRA, citing anticipated revenue growth of 24% in FY2025 and 61% in FY2026, alongside improving margins. ICRA upgraded ratings on facilities totaling 444.45, assigning a [ICRA]A (Positive) rating. The agency also upgraded other instruments and recommended surveillance, subject to buy/sell/hold actions.

Noble Polymers Ltd. set a record date of September 25, 2026, for a final dividend of Rs 0.05 per equity share, face value Rs 5, for FY 2025-26. The stock has risen 10.15% in the last week, 55.87% in the last month, and 2747.92% over the last year, with average weekly volume at 100%.

Apollo Pipes Ltd. received credit rating upgrades from CRISIL, with bank facilities of Rs. 280 Crore now rated ‘Crisil AA-/Stable’ for the long term and ‘Crisil A1+’ for the short term. The outlook for the Rs. 280 Crore bank facilities was also revised to Stable (Long-term). No other rating agency data, enhancements, assignments, or withdrawals were reported.

Suratwwala Natural Energy Resource Private Limited secured a Rs 69 Crores EPC contract from Shree Tatyasaheb Kore Warana SSK Ltd. for a 20MWAC / 28.1 MW DC solar power plant in Sangli, Maharashtra. The project includes design, construction, installation, testing, commissioning, and operation & maintenance, with a guaranteed generation of 42.0048 MUs annually, completed within 4 months.

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