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On the technical front, 23,000 remains an immediate support level for the Nifty 50, followed by 22,700, while the 23,200-23,300 zone is likely to act as near-term resistance, according to Rupak De, senior technical analyst at LKP Securities. Against this backdrop, shares of Adani Power, Cupid, CleanMax Enviro, SAIL, Bharat Coking Coal, Power Grid, and several other companies are likely to remain in focus on Monday following a series of corporate developments. Adani Power Adani Power has completed the merger of 10 wholly owned subsidiaries with the company as part of a group restructuring exercise. The merger took effect on September 25, 2026. SAIL, Bharat Coking Coal State-owned Steel Authority of India Ltd (SAIL) and Bharat Coking Coal (BCCL) have signed a memorandum of understanding to jointly develop and operate two coal blocks in West Bengal. Cupid The board of Cupid on Saturday approved the conversion of up to 30 lakh warrants, in one or more tranches, into an equivalent number of equity shares of Baazar Style Retail Ltd. Sunteck Realty Sunteck Realty said on Friday that it has received a show-cause notice from the Department of Goods and Services Tax for FY23. The notice involves a total demand of Rs 59.44 crore, including interest and penalty. ALSO READ: Ahead of Market: 10 things that will decide stock market action on Monday Aequs Karnataka-based precision and product manufacturing company Aequs said its board has approved the preferential issue of up to 2,80,71,690 warrants to Mellwood Trustee Services Private Limited, trustee of the Melligeri Private Family Foundation and a member of the promoter group. The proposed issue is valued at approximately Rs 650 crore. Sedemac Mechatronics Sedemac Mechatronics has commenced limited commercial production at its newly established manufacturing facility in Shinde village, Khed taluka, Pune district, Maharashtra. KPI Green Energy KPI Green Energy said its subsidiary SDEL completed the acquisition of 1,07,47,760 equity shares of DMGEL on September 26. The acquisition represents a 62.91% stake in DMGEL's paid-up equity share capital. Edelweiss Financial Services Edelweiss Financial Services announced the completion of Carlyle's investment of more than Rs 2,000 crore in Nido Home Finance Ltd. The investment gives affiliated funds of the global investment firm a strategic majority stake in the housing finance company. ALSO READ: IPO Calendar: 20 new issues to open for subscription in busiest week of the year Rashtriya Chemicals and Fertilizers Rashtriya Chemicals and Fertilizers (RCF) has approved a purchase order worth Rs 797 crore, excluding taxes, to Larsen & Toubro for the revamp of its ammonia plant. The order was awarded on a lowest-tender basis and has a tenure of 36 months. Power Grid Power Grid's board has approved a proposal to raise up to Rs 10,000 crore through an unsecured rupee term loan or line of credit from State Bank of India. Unichem Laboratories The US Food and Drug Administration conducted an inspection of Unichem Laboratories' Goa formulation facility in Pilerne, Bardez, between September 21 and September 26. Prestige Estates Projects Prestige Estates Projects said its subsidiary Prestige Hospitality Ventures Ltd has withdrawn the Draft Red Herring Prospectus filed with the Securities and Exchange Board of India for a proposed initial public offering of its equity shares. CleanMax Enviro Augment India Holdings LLC is likely to divest 85 lakh shares, representing a 7.25% stake in Clean Max Enviro Energy Solutions, through a block deal, according to reports. The reported offer size is Rs 1,062.8 crore, with the floor price set at Rs 1,250 per share. The offer may be priced at a discount of up to 10% to the current market price, according to the reports. Disclosure: This article has been written by Kumar Gaurav, who is not a SEBI-registered Research Analyst or an Investment Adviser. Gaurav and their ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. 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