E2E Networks has signed a binding ₹1,000-crore term sheet with a sovereign AI buyer for Nvidia Blackwell GPU capacity, and newly listed Milky Mist Dairy Food has posted a near-tenfold jump in quarterly profit, two very different signals from India’s AI-infrastructure and consumer-staples corners on the same trading day. Add a fresh oncology licensing deal at Cipla and a record annual print at Time Technoplast, and here’s what’s moving in early trade.
E2E Networks
E2E Networks has entered a binding term sheet with an India-based sovereign AI company for the supply of Nvidia Blackwell cloud GPUs and allied services, with an aggregate contract value of approximately ₹1,000 crore (excluding taxes) running until June 2029. Separately, the board has approved a fundraise of up to ₹1,500 crore via equity or other instruments, with the AGM set for September 28. The stock closed the previous session at ₹618.75, up 0.38%.
Milky Mist Dairy Food
Milky Mist Dairy Food’s Q1FY27 net profit surged 890% year-on-year to ₹64.68 crore from ₹6.53 crore, as revenue climbed 43.6% to ₹973.45 crore. Yogurt was the standout category, growing 153% YoY, while ice cream rose 60% and paneer, still the largest revenue contributor, grew 34%. The board has also approved changes to the Articles of Association following the termination of its Shareholders’ Agreement with existing investors. The stock closed at ₹210.94, down 1.57%.
Cipla
Cipla has signed an exclusive licence and supply agreement with China’s Sino Biopharmaceutical (SBP Group), through its subsidiary CTTQ, for Rolditamig Deuderuxtecan (TQB2102), a HER2 bispecific antibody-drug conjugate showing early promise in HER2-low advanced breast cancer. Cipla gets rights to develop and commercialise the asset across India, South Africa, and five other emerging markets, while CTTQ continues manufacturing and supply. Separately, the USFDA has classified its July inspection of the InvaGen Unit 3 facility in New York as Voluntary Action Indicated (VAI), a manageable outcome that doesn’t trigger formal regulatory follow-up. The stock closed at ₹1,409.20, down 1.00%.
Also Read: Cipla Pharma Licence Cancellation: Bombay HC Slams FDA as ‘High-Handed,’ Order Withdrawn
Time Technoplast
Time Technoplast closed FY26 with consolidated net profit up 20.8% YoY to ₹468.72 crore on revenue of ₹6,105.20 crore, up 11.9%, with full-year EBITDA margin improving to 14.7%, a record annual performance for the company. It has also bagged a fresh order worth ₹87.53 crore and plans to invest ₹120 crore in recycling infrastructure while targeting 75% green power within two years. The stock closed at ₹187.19, up 0.48%.
Indo Tech Transformers
Indo Tech Transformers has won a ₹54-crore order from Waaree Renewable Technologies for five power transformers, ending a recent lull in fresh order inflows. The company has also filed its FY26 annual report recommending a ₹10-per-share final dividend and seeking shareholder approval to raise its borrowing limit to ₹500 crore. The stock closed at ₹3,703.30, down 1.43%.
NCC
NCC has secured ₹430.19 crore in fresh orders for its Buildings Division in August, adding to a YTD confirmed order book of ₹8,150.26 crore. Shareholders approved a ₹2.20-per-share dividend at the 36th AGM held on August 27. The stock closed at ₹148.37, nearly flat.
Brigade Enterprises
Brigade Enterprises is entering the Coimbatore residential market with a 5.4-acre project in Saravanampatti under a Joint Development Agreement, carrying an estimated Gross Development Value of ₹600 crore, its first project in the city as it deepens its South India footprint. The stock closed at ₹655.85, up 2.12%.
Also in Focus
- Titan Biotech: Board meeting on September 3 to consider a bonus share issue and finalise FY26 results. Stock closed at ₹380.00, down 0.67%.
- NLC India: Has formed a JV with NCRTC for a 110 MW solar project in Uttar Pradesh (74% equity, 25-year captive PPA) and received a Telangana LOI for two mineral blocks; separately fined ₹14.31 lakh each by BSE and NSE for board compliance lapses. Stock closed at ₹267.40, down 1.18%.
- Midwest: Accepted Letters of Intent from APMDC for granite quarry leases in Andhra Pradesh. Stock closed at ₹1,096.80, down 0.89%.
- Tilaknagar Industries: Guiding for double-digit volume growth in FY27 and a sixfold expansion of Prag production capacity; management has also signalled openness to another acquisition after the Imperial Blue buyout. Stock closed at ₹561.05, down 1.08%.
Track live foreign and domestic institutional flows on the NiftyTrader FII-DII Tracker to see whether today’s stock-specific triggers are being backed by broader money flow.
Bottom Line
Today’s session splits along a clear line: AI-infrastructure capex (E2E) and consumer-staples execution (Milky Mist, Time Technoplast) are driving the positive narrative, while regulatory friction at Cipla and NLC India and muted order momentum at NCC keep sentiment mixed in the broader mid-cap pack.
With E2E’s ₹1,500-crore fundraise and AGM due September 28, and Milky Mist’s yogurt-led growth facing a tougher YoY base from Q2 onward, both stocks are worth tracking for follow-through rather than one-day reactions.
Read Next: FIIs Sold ₹7,986 Crore in August. So Why Does Another Data Set Show Buying?
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