Several stocks are expected to remain in focus on March 12 as companies announced new orders, operational updates, and regulatory developments. Rising crude oil prices, contract wins, project updates, and operational disruptions are among the key triggers likely to influence trading activity today.
Crude Surge Puts Oil Stocks in Focus
Shares of Oil and Natural Gas Corporation and Oil India may see attention after crude prices rose more than 7%, with Brent Crude nearing $100 per barrel.
Wipro Announces Multi-Year Contract
Wipro said it has entered into a multi-year contract with TruStage for business and technology modernisation of TruStage’s retirement services operations.
KEC International Order Win
KEC International announced new transmission and distribution (T&D) orders worth ₹1,476 crore. The company stated that its order book now stands at about ₹22,800 crore.
Omnitech Engineering Contract
Omnitech Engineering has secured a five-year contract worth ₹920 crore from Weatherford Products GmbH.
Craftsman Automation Board Decision
The board of Craftsman Automation approved a phased consolidation of its aluminium business.
Jubilant FoodWorks Production Update
Jubilant FoodWorks said it has started production at a commissary facility in Raigad, Maharashtra.
Ramky Infrastructure Acquisition Plan
Ramky Infrastructure said it plans to acquire a water and wastewater management company. Additional details have not been disclosed.
Ceigall India L1 Bidder
Ceigall India stated that its 74:26 joint venture has emerged as the lowest bidder for a 56-km road project in Arunachal Pradesh.
Dalmia Bharat ED Case Update
Dalmia Bharat said the proceeds of crime amount in an Enforcement Directorate case has been reduced by ₹700 crore, and the company will pursue legal remedies.
Other Companies in Focus
Mahanagar Gas reported curtailed gas supply and said prioritisation measures are being implemented. Separately, Prudential plc increased its stake in the company by 0.06%.
Operations of Borosil in Jaipur have been affected due to a gas shortage, with one unit suspended and operations curtailed at another unit.
Aether Industries reported a fire at one of its warehouses, with the extent of loss yet to be determined. The company said the facility is insured.
Indo Tech Transformers said a ₹65 crore order was cancelled by a customer due to execution delays.
The Tamil Nadu Pollution Control Board has ordered Setco Automotive to close one of its units.
Manufacturing companies may also remain in focus after the United States initiated investigations under the Section 301 Trade Act related to manufacturing sectors.