Top Stocks to Watch on Sept 30: Tata Motors, Reliance Power, and Others

The Indian stock market has been under pressure after the US announced new tariffs and raised H-1B visa fees, which hurt investor sentiment. On Monday, the NSE Nifty 50 closed 20 points lower at 24,635, while the BSE Sensex slipped 62 points to settle at 80,365.

Here are the top stocks to watch on September 30, 2025:

Tata Communications

Tata Communications announced that it has won a contract to provide digital infrastructure for the Goods and Services Tax Appellate Tribunal (GSTAT). The project will cover the principal bench in New Delhi and 31 state benches, boosting its presence in government technology services.

Tata Motors

From October 1, Tata Motors will split into two separate companies—one focused on passenger vehicles (PVs) like cars and SUVs, and the other on commercial vehicles (CVs) such as trucks and buses. The move aims to improve focus and competitiveness.

The company’s PV market share has declined from 14% in FY23 to around 12% in August 2025, according to SIAM data.

Reliance Power

Reliance Power has signed a US$12 million deal to sell its Indonesian subsidiaries to Biotruster (Singapore) Pte. Ltd.. The sale involves five coal companies and is subject to necessary approvals and conditions.

Man Industries

SEBI has barred Man Industries and three top executives from accessing the securities market for two years. The company was found guilty of misreporting financials, hiding related-party transactions, and diverting funds between FY2015 and FY2021.

JSW Infrastructure

JSW Infrastructure’s subsidiary, Ennore Coal Terminal Pvt. Ltd., received a show cause notice from GST authorities for alleged tax violations worth Rs 96.58 crore. The case covers the period from April 2019 to March 2024.

AXISCADES Technologies

AXISCADES’ subsidiary has secured an order from the Indian Army to supply man-portable counter-drone systems. This deal was made under emergency purchase provisions, highlighting India’s focus on strengthening defense against drone threats.

Tata Steel

Tata Steel signed a non-binding agreement with the Dutch government and North-Holland province for a decarbonisation project. The plan aims to reduce CO2 emissions and improve the living environment around its IJmuiden plant in the Netherlands.

IRFC

Indian Railway Finance Corporation (IRFC) signed two major loan agreements totaling ₹16,489 crore.

• ₹5,929 crore with Haryana Power Generation Corporation for an 800 MW thermal power project.
• ₹10,560 crore with Maharashtra State Power Generation Company for infrastructure development.

Read more: Tata Motors Demerger Effective Date Tomorrow on Oct 1: What You Need to Know?

Conclusion

The markets remain cautious amid global uncertainties and domestic corporate actions. Further developments will guide investors as they track market movements ahead of the festive season.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.