Stocks to watch: The domestic stock market is expected to open in the red on Friday, March 13. The GIFT NIFTY futures suggest that the NIFTY50 index will open 186 points lower.
Join now
Here is a list of stocks that may remain in focus today.
Biocon: The company said that Biocon Pharma, a wholly-owned subsidiary of the company, has received approval from the US Food and Drug Administration (US FDA) for its ANDA for Liraglutide Injection (gVictoza®), 18 mg/3 mL (6 mg/mL), single-patient-use prefilled pens.
Liraglutide is indicated for the treatment of insufficiently controlled Type 2 Diabetes Mellitus in adults, adolescents, and children aged 10 years and above as an adjunct to diet and exercise.
Kalpataru: Kalpataru Limited, a leading developer in the Mumbai Metropolitan Region (MMR), announced on Thursday the signing of a prestigious redevelopment project for Shree Mahalakshmi CHS, located at a prime spot off Veera Desai Road, Andheri West.
The project spans nearly 3 acres of prime land, with a total potential of approximately 0.4 million square feet of carpet area and an estimated gross development value (GDV) of around ₹1,400 crore.
Oil-linked stocks, including paints, tyres, aviation, and upstream and oil marketing companies, will continue to attract attention as oil prices remain high.
International benchmark Brent crude jumped 9.22% to close at $100.46 per barrel on Thursday. It was the first time Brent closed above $100 since August 2022. U.S. West Texas Intermediate futures rose 9.72% to settle at $95.73.
Oil prices are likely to remain elevated in the near term as investors factor in the risk of a prolonged Middle East conflict, analysts note.
Manorama Industries: The company’s board has approved the fundraising of up to ₹500 crore via QIP or any other method in one or more tranches.
Max Financial Services: The company has received the board’s approval to raise up to ₹2,000 crore via QIP or any other method in one or more tranches.
The proposed utilisation of the fundraise is primarily to meet the funding requirements of its material subsidiary company, viz., Axis Max Life Insurance Limited, for supporting its business growth and expansion plans and balance for general corporate purposes.
Balaji Amines: Balaji Amines has said that the ongoing war in the Middle East region has significantly disrupted global shipping lines, logistics networks, and supply chains. Certain key suppliers of raw materials have invoked the force majeure clause.
As a consequence, Balaji Amines Limited is currently experiencing significant logistics disruptions in the procurement of ammonia, which is one of the key raw materials used in the manufacture of methylamines, ethylamines, and their derivatives.
The company added that at present, the financial and operational impact of the shortage of this key raw material cannot be estimated at this point in time.
Quadrant Future Tek: The company has entered the final phase of securing the final RDSO clearance for Kavach 4.0 field trials for its indigenously developed IR-ATP (Automatic Train Protection) system.
Indian Overseas Bank: The lender has announced a revision in the MCLR rates. The revised MCLR shall be effective from March 15, 2026. The effective MCLR will be as per the details given below until further review. The lender has cut the one-month MCLR by 10 basis points to 8.20% from 8.30%, while keeping all other tenors unchanged.
MCLR (marginal cost of funds-based lending rate) is the minimum interest rate below which a bank cannot lend, except in certain cases permitted by the Reserve Bank of India. It is calculated based on the bank’s cost of funds, operating expenses, and the marginal cost of raising money and serves as a benchmark for many floating-rate loans.
Adani Energy Solutions: The company said that Adani Transmission Step One Limited (“ATSOL”), its wholly owned subsidiary, has outstanding U.S.$500,000,000 Senior Secured Notes due July 2026 (“Existing Notes”).
“ATSOL Global IFSC Limited, a wholly owned subsidiary of ATSOL, incorporated in GIFT City, has executed a Note Purchase Agreement for the issuance of
U.S.$500,000,000 Senior Secured Notes due 2041 (the “Proposed Notes”) to fully refinance ATSOL’s existing notes”, the company said.
Avenue Supermarts: The company has opened two new stores at Bavdhan, Pune (Maharashtra), and at Chilakaluripeta, Palnadu (Andhra Pradesh). The total number of stores as of the date stands at 463.
ACME Solar Holdings: ACME Solar Holdings Limited (“ASHL”), through its wholly owned subsidiary, i.e., ACME Sun Power, has commissioned the second phase of 33.335 MW/160.51 MWh out of 300 MW/1409.34 MWh capacity of Battery Energy Storage System (BESS) Project located at Village Badi Sid, Tehsil Bap, Dist: Phalodi and Jodhpur, Rajasthan.
The commercial operation date (COD) for the stated phase II shall be March 14, 2026. With this, ACME Sun Power Private Limited has achieved a commissioned capacity of 66.67 MW / 320.99 MWh out of 300 MW/1409.34 MWh.
CESC: Purvah Green Power, a subsidiary of the company, has incorporated four wholly owned subsidiary companies. They are Purvah Navurja, Purvah Cleantech Power, Purvah Bikaner-V One Power, and Purvah Clean Energy.
Godrej Properties: Godrej Properties Limited (GPL) on Friday announced the acquisition of a nearly 44-acre land parcel in Coimbatore through an outright purchase. The company plans to develop a premium plotted residential project with a developable potential of ~1.1 million sq. ft and an estimated revenue potential of around ₹450 crore.
Gravita India: Jaipur-based Gravita India, a recycling company, has signed definitive agreements for the acquisition of a 98.95% stake of Rashtriya Metal Industries Limited (“RMIL”) for a total consideration of ₹559.08 crore. The transaction is expected to be closed on or before March 31, 2026.
KPI Green Energy: The company has recently energised an additional 35 MWp of solar capacity, taking its total operational IPP capacity to 589 MWp.
With projects currently in hand, the company remains well on track to commission an additional 1,582 MWp in the near term, which will expand its total IPP portfolio to 2.17 GWp.
This continued capacity addition further strengthens KPI Green’s position as a leading independent power producer (IPP).
JK Lakshmi: The company said its board has approved the acquisition of a 77.96% equity shareholding of NECEM Cements Ltd (‘NECEM’).
Besides, the company has been declared the ”Preferred Bidder” for the mining lease for the Juipahar New Umrangso Limestone Block (A and B), Assam.
With inputs from agencies
Disclaimer: This article is purely for informational purposes and should not be considered investment advice from Upstox. Please consult with a financial advisor before making any investment decisions.
