Indian markets will track key corporate developments today, with several stocks in focus due to order wins, expansion plans, fundraising activities, and leadership changes.
Stocks in News (Positive):
- Kalpataru Projects: Secured new orders worth ₹2,306 crore.
- Bharat Electronics: Bagged additional orders worth ₹577 crore since February 20.
- Biocon: Subsidiary collaborates to expand Insulin Aspart access in the U.S.
- RVNL: Won orders worth ₹156.35 crore from South Western Railway.
- Brigade Enterprises: Launched a ₹1,700 crore residential project, Brigade Altius, in Chennai.
- IndiGo: Announced direct flights to Manchester & Amsterdam, marking its Europe debut.
- Power Grid: Declared as the successful bidder for an inter-state transmission system project.
Neutral Developments:
- Titan: Fully repaid ₹1,200 crore in Commercial Papers (CPs).
- Laurus Labs: Investing ₹83 crore in its KRKA Pharma joint venture for a new manufacturing facility.
- Metropolis: Acquiring Agra-based Scientific Pathology for ₹83 crore.
- Tamilnad Mercantile Bank: Revised one-year MCLR to 9.60% from 9.75%, effective today.
- Swiggy & Zomato: Indian retail group files antitrust case against Zomato, Swiggy, and Zepto over quick commerce practices.
Negative Triggers:
- Aarti Drugs: Received an administrative warning letter from SEBI for violating insider trading regulations.
- Sandur Manganese: Subsidiary received a ₹62.62 crore demand notice.
- Mangalam Cement: Received a ₹11.26 crore mining lease payment demand for 2013-2024.
- IGL: CNG supply disruptions likely in parts of West Delhi over the weekend.
- NHC Foods: Apoorva Shah resigned as Chairman & MD.
- IFL Enterprises: Jitendra Vaishnav resigned as CFO & MD.
Market participants will keep a close watch on these stocks as trading unfolds today.
Disclaimer:
The information provided in this article is for informational purposes only and should not be considered as financial or investment advice. Stock market investments are subject to risks, and past performance is not indicative of future results. Readers are advised to conduct their own research and consult a qualified financial advisor before making any investment decisions. Business Upturn and its affiliates do not guarantee the accuracy, reliability, or completeness of the market data provided.
