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Electrosteel Castings acquires 70% stake in Arabian Water Tech

pre-market1 source ↓written by the desknot a recommendation

in Arabian Water
70% stake
for a total
14,000 equity shares

Electrosteel Castings Limited has completed the acquisition of a 70% stake in Arabian Water Tech LLC, based in Oman. The deal involved 14,000 equity shares for a total consideration of OMR 21,000. This acquisition marks Arabian Water Tech as a subsidiary of Electrosteel Castings, enhancing its portfolio in the water management sector.

The move is expected to strengthen Electrosteel's operational capabilities and market presence in the Middle East, potentially driving future growth opportunities.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 20 Sept 2026, 07:02 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

ELECTCAST closed +0.3% on the day of the news, from ₹73.38 to ₹73.63; Nifty +0.3% over the same session.

Bulletin at 07:02 IST on 20 Sept 2026. Every change is measured from ₹73.38, the last close before it, on 18 Sept. Nifty 50 is measured over the same sessions.

  • ELECTCAST close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
ELECTCAST closes around the bulletin against the close before the news, with Nifty 50 rebased to it60.7673.3886.00axis spans 42%before the news · 18 Sept73.38Nifty 50ELECTCASTbulletinD0+1+3+511 Sept23 Sept1 OctReference close ₹73.38. 14 sessions from 11 Sept to 1 Oct; the price axis spans 42 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before18 Sept₹73.38basebase
On the day21 Sept₹73.63▲ +0.3%▲ +0.3%+0.1 pp difference
+1 session22 Sept₹72.88▼ −0.7%▼ −0.1%−0.6 pp difference
+3 sessions24 Sept₹72.56▼ −1.1%▼ −1.2%+0.1 pp difference
+5 sessions28 Sept₹72.35▼ −1.4%▼ −2.4%+1.0 pp difference
Gap at the open, % · ₹
0.0%−0.01 on 21 Sept
Day's range, % · ₹
1.9%≈ 1.4 high to low
Volume on the day
0.39×the 20-session average
Futures OI on the day
—
Futures OI open, lots
—
Futures premium, ₹
—
Puts per call, by OI
—
Max pain
—

Source NSE UDiFF bhavcopy · ELECTCAST on the desk →

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