Here's a look at the latest developments concerning the mentioned stocks:

Tata Steel

Tata Steel shares have been performing well, reaching a 52-week high on Monday, driven by positive factors in the steel sector, including extended safeguard duties in India, production restrictions in China, and positive brokerage recommendations. Morgan Stanley upgraded the stock to "Overweight" with a target price of Rs 200, citing favorable demand and pricing trends. The company's shares experienced a slight dip of 0.50% to Rs 167 on Thursday, after a strong 6% surge. This pullback occurred amidst ongoing optimism in the metal sector, fueled by anticipated firmer global steel prices due to China's planned production cuts and India's tariff protections.

Tata Steel is pursuing cost-saving measures, targeting ₹11,500 crore in savings during FY2025-26, with ₹4,000 crore expected from its Indian operations through improvements in operating KPIs, workforce productivity, and supply chain efficiency. The UK business aims to reduce fixed costs from £995 million in FY2023-24 to £540 million in FY2025-26, while Tata Steel Nederland targets €500 million in savings in FY2025-26 through volume growth and operational improvements.

The company has infused ₹4,054.66 crore into its overseas subsidiary, T Steel Holdings Pte. Ltd (TSHP), through the acquisition of 457.7 crore shares, with TSHP continuing as a wholly-owned unit.

Polycab

Promoters of Polycab India are expected to sell up to 0.81% stake through block deals, setting a floor price of Rs 7,300 per share to potentially raise Rs 887.6 crore. Several promoters, including Inder T. Jaisinghani, will participate in the sale, following a recent dip in Polycab's share price after hitting a 52-week high. Polycab shares ended at Rs 7,529 on the NSE, falling by Rs 91 or 1.19% over the Tuesday closing price.

Polycab India reported a strong Q1FY26, with consolidated net profit surging 50% YoY to Rs 592 crore. Revenue from operations rose 26% YoY to Rs 5,906 crore, driven by robust performance in its wires and cables segment.

India Ratings and Research (Ind-Ra) upgraded Polycab India's bank loan facilities to 'IND AAA' from 'IND AA+' with a stable outlook. The upgrade reflects the company's substantial increase in the size and scale of its business along with the maintenance of its strong market position in the W&C segment.

Lupin

Lupin has been active on the regulatory front, receiving tentative approval from the U.S. FDA for Bictegravir, Emtricitabine, and Tenofovir Alafenamide Tablets. Lupin also received U.S. FDA Approval for Risperidone Long-Acting Injectable, with 180-Day CGT Exclusivity, the First Product from its Nanomi's Long-Acting Injectable Platform.

Lupin share price is showing early reversal signs and poised to break the falling trend line above Rs 2,000. Momentum indicators and options data support bullish momentum.

Lupin has signed a license and supply agreement with China's Sino Universal Pharmaceuticals for the commercialization of Tiotropium dry powder inhaler. Lupin is carving out its consumer healthcare business into a wholly-owned subsidiary, effective from July 1, 2025.

Waaree Energies

Waaree Energies is set to acquire a 64% stake in Kotson's Private Limited for ₹192 crore, aiming to bolster its position in the power value chain. The acquisition, expected to close by September 30, will grant Waaree Energies greater control over supply and product quality. Additionally, Waaree Energies will acquire 100% shareholding in Impactgrid Renewables for ₹1 lakh.

Waaree Energies' subsidiary, Waaree Power, is set to acquire a 76% stake in Racemosa Energy, a smart meter manufacturer, for approximately Rs 53 crore. This strategic move will allow Waaree to enhance its renewable energy and power distribution offerings by leveraging Racemosa's expertise in smart metering solutions.

Waaree Energies announced an investment of Rs 300 crore in its wholly-owned subsidiary, Waaree Energy Storage Solutions Private Limited (WESSPL), through a rights issue.

Anand Rathi initiated coverage on Waaree Energies with a "Buy" rating and a target price of Rs 4,654.

Adani Group

Adani Group stocks added Rs 1.7 lakh crore to their combined market cap in two days, crossing Rs 15 lakh crore after Sebi cleared the Hindenburg allegations. Gautam Adani declared a “powerful validation” of the Adani Group's governance standards after market regulator SEBI cleared the conglomerate of stock manipulation and disclosure violations alleged by US short-seller Hindenburg Research.

Adani Energy Solutions certified as Zero-Waste-to-Landfill Organisation. Adani Cements created a world record for the largest raft foundation for religious infrastructure. Adani Enterprises received LoA for the prestigious ropeway project between Sonprayag and Kedarnath.

Adani Green Energy's share price is trading above important resistance levels and above their 100-day moving average, which is a strong sign.