Top stocks to watch in trade today: DMart, PCBL, Biocon, Just Dial, Waaree Energies and more

Markets are expected to remain volatile today, continuing the downward trend observed last week. On Friday, the BSE Sensex ended 241 points lower at 77,378.91, a dip of 0.30%. Meanwhile, the Nifty50 dropped 95 points, closing at 23,431.50, a decline of 0.40%. Here’s a roundup of stocks to watch:

Key Stocks in Focus

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  • ONGC/OIL: Crude oil prices surged by 2%, with Brent crude surpassing $81 per barrel following US sanctions on Russian oil.
  • SBI Life: The company reported a 15% growth in December premium collections, with total annualized premium equivalent (APE) increasing by 16% year-on-year.
  • Biocon: The company’s insulin manufacturing facility in Malaysia has received clearance from the US FDA, marking a significant milestone.
  • Godrej Properties: Entered the Hyderabad market with a residential project in Kokapet, estimated to generate a booking value of ₹1,300 crore.
  • PCBL: Posted a 21% increase in Q3 revenue, while EBITDA rose by 14% year-on-year.
  • Just Dial: Reported a quarter-on-quarter improvement, with Q3 margins up 130 basis points and revenue growing nearly 1%.
  • Waaree Energies: Announced the acquisition of Enel Green Power’s India business for ₹792 crore.
  • ICICI Prudential Life Insurance: December premium collections rose by 4%, with total APE growing 11% year-on-year.
  • Axis Max Life: Witnessed a 3% rise in December premium collections and a 7% increase in total APE year-on-year.
  • Sunteck Realty: Achieved a 21.2% increase in Q3 pre-sales, with collections rising 26% quarter-on-quarter.
  • Oberoi Realty: Appointed as the developer for a MHADA land parcel with a free-sale potential of 3.2 lakh square feet.
  • Equinox: Turned profitable in Q3 with a net profit of ₹2.9 crore, compared to an EBITDA loss of ₹33 crore year-on-year.
  • Interarch: Secured orders worth ₹221 crore in the semiconductor and lithium-ion battery sectors from Tata Projects.
  • NLC India: Its renewables arm signed a joint venture with Assam DISCOM to develop 1,000 MW solar power projects.
  • GR Infraprojects: Announced that its ₹2,187 crore Vadodara road project is ready for commercialization.
  • Signature Global: Acquired a 16.12-acre land parcel in Gurugram with a development potential of 2.73 million square feet.
  • IOB (Indian Overseas Bank): Invited bids to sell 46 non-performing asset accounts worth ₹11,434 crore.
  • UGRO Capital: Reported a 32% year-on-year rise in Q3 assets under management (AUM) and gross loan origination.
  • Sarda Energy: Commenced trial production at its 25 MW hydro project, synchronized with the grid.
  • Escorts: Announced plans to launch a new product series in its agricultural machinery segment.
  • HEG: Signed a non-binding MoU with Sri Lanka-based CGT for graphene technology development.
  • Reliance Infrastructure: Established two new subsidiaries for its electric vehicle business, with ADA and Son to be classified as public shareholders.