The domestic benchmark indices, Nifty 50 and Sensex, experienced an upward movement on Friday, mirroring global market gains. Weaker U.S. employment data overshadowed a higher-than-expected inflation report, fuelling expectations of Federal Reserve rate cuts.
At 09:15 IST, the Nifty 50 climbed 0.28% to 25,074.45, while the Sensex increased by 0.26% to 81,758.95. Positive sentiment was further driven by growing expectations of a U.S. rate cut in the upcoming meetings. Lower interest rates in the U.S. often attract foreign portfolio investors (FPIs) to emerging markets like India, as Treasury yields soften and the dollar weakens.
Against this backdrop, here are two stocks worth tracking today:
Elgi Equipments Ltd. [NSE: ELGIEQUIP]
Elgi Equipments, a leading air compressor manufacturer, has shown resilience amid volatile markets. The company benefits from steady industrial demand in sectors like manufacturing, construction, and automotive. Its global footprint in over 120 countries positions it well to capture export-driven growth as global industrial activity picks up.
As of the previous close (₹469.35 on 11 Sept 2025), the company’s fundamentals remain solid. A P/E ratio of 40.79 indicates investor confidence in its long-term earnings potential, while a dividend yield of 0.47% adds income stability. With a 52-week high of ₹752.95, the stock offers room for medium-term appreciation if demand momentum continues.
| Metric | Value |
| Closing Price (as of 11 Sept 2025) | ₹469.35 |
| Average Trading Volume | 281.62K |
| Company Type | Midcap |
| Market Cap | ₹14.77KCr |
| P/E Ratio | 40.79 |
| Dividend Yield | 0.47% |
| Beta | 1.21 |
Poly Medicure Ltd. [NSE: POLYMED]
Poly Medicure, a fast-growing medical device manufacturer, continues to benefit from strong demand in healthcare consumables both domestically and internationally. Its diversified product portfolio, including IV systems, dialysis consumables, and diagnostic devices, makes it a defensive play in uncertain markets.
As of the previous close (₹1,995.70 on 11 Sept 2025), the stock reflects steady investor appetite. A P/E ratio of 56.49 suggests the market is pricing in growth expectations, while the company’s scale (₹20,350 crore market cap) reinforces its positioning in the healthcare sector. Despite margin pressures seen in the broader healthcare industry, Poly Medicure’s consistent revenue growth and innovation-driven expansion remain key positives.
| Metric | Value |
| Closing Price (as of 11 Sept 2025) | ₹1,995.70 |
| Average Trading Volume | 195.27K |
| Company Type | Midcap |
| Market Cap | ₹20.35KCr |
| P/E Ratio | 56.49 |
| Dividend Yield | 0.17% |
| Beta | 0.86 |
Conclusion
With global cues favouring emerging markets and domestic indices trading positively, Elgi Equipments and Poly Medicure stand out as stocks to watch on 12 September 2025.
- Elgi Equipments offers exposure to industrial recovery and export growth.
- Poly Medicure provides a defensive yet growth-oriented opportunity in healthcare.
As always, stock trading carries risks. Consider fundamentals like revenue growth, margins, and global cues before investing. Use proper risk management strategies such as stop-loss orders and diversification to protect capital.
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