Top Stocks in News: Key Developments Across Major Companies

Jindal Stainless Divests Stake in Jindal Coke

Jindal Stainless’ board has approved the divestment of its 26% stake in Jindal Coke for a consideration of ₹194.9 crore. This move is expected to streamline its business operations and optimize capital allocation.

Rail Vikas Nigam Gains on ₹156.4 Crore Order Win

Rail Vikas Nigam is on the rise after securing a letter of acceptance worth ₹156.4 crore from South Western Railway. The contract includes engineering, procurement, and construction (EPC) work for electrification systems and telecommunication projects in the Rayadurga-Topavagada section.

Reliance Industries Gets Upgrade from Macquarie

Global brokerage Macquarie has upgraded Reliance Industries to ‘Outperform’ and raised its target price to ₹1,500. Key catalysts for the upgrade include:
✔ Better earnings momentum
✔ Potential listing of Jio
✔ Gradual commissioning of new energy capacities

Eris Lifesciences Restructures Operations

Eris Lifesciences has sold its arms, Eris Oaknet Healthcare and Aprica Healthcare, to its subsidiary, Eris Therapeutics, for ₹861.9 crore. This internal restructuring aims to enhance operational efficiency.

Kalpataru Projects Secures Orders Worth ₹2,306 Crore

Kalpataru Projects International has secured new orders worth ₹2,306 crore in the Transmission & Distribution (T&D) business overseas and building projects in India.

Jana Small Finance Bank Gets Forex Licence from RBI

Jana Small Finance Bank saw a sharp rise as the Reserve Bank of India (RBI) granted it a licence to act as an Authorized Dealer Category-I (AD-I), allowing it to deal in foreign exchange transactions.

Amitava Mukherjee Appointed NMDC Chairperson and MD

The government has appointed Amitava Mukherjee as the Chairperson and Managing Director (CMD) of NMDC and NMDC Steel. His tenure will last from March 6, 2025, to February 29, 2028.

Bharat Electronics Bags ₹577 Crore Orders

Bharat Electronics has secured new orders worth ₹577 crore, covering:

• Airborne electronic warfare products
• Communication systems for submarines
• Doppler weather radar
• Train communication systems

J Kumar Infraprojects Gains on Mumbai Railway Order

J Kumar Infraprojects secured a ₹120.9 crore contract from Mumbai Railway Vikas Corporation (MRVC) for infrastructure development between Borivali and Nallasopara as part of the Mumbai Urban Transport Project (MUTP) Phase IIIA.

Quality Power Electrical Equipments Acquires 51% Stake in Mehru Electrical

Quality Power Electrical Equipments saw a sharp rise after acquiring a 51% stake in Mehru Electrical and Mechanical Engineers for ₹120 crore. This acquisition will help the company expand its high-voltage instrument transformer capabilities and boost exports.

Quess Corp Gains on NCLT Approval for Demerger

The Bengaluru bench of the NCLT approved the demerger of Quess Corp into three listed entities—Quess Corp, Digitide Solutions, and Bluspring Enterprises.

Rites CMD Highlights Growth Plans

Rites’ CMD Rahul Mithal stated that the company’s order book is expected to reach ₹10,000 crore in the next few quarters, driven by 20% revenue growth in FY26. Currently, Rites has an order book of ₹8,000 crore, with over 110 new orders worth ₹1,900 crore.

CreditAccess Grameen Gets ‘Accumulate’ Rating from KR Choksey

KR Choksey maintained its ‘Accumulate’ rating on CreditAccess Grameen with a higher target price of ₹1,086 per share, indicating a 12.1% upside. It expects the net interest income (NII) to grow at a CAGR of 17.2% over FY25-27.

Rites Bags ₹28 Crore Order for High-Speed Rail Survey

Rites secured a ₹28 crore contract from South Central Railway to conduct a final location survey for a high-speed rail corridor between Hyderabad-Bengaluru and Hyderabad-Chennai.

Hexaware Technologies Falls on Marginal Revenue Growth

Hexaware Technologies fell sharply after reporting just 0.6% QoQ revenue growth to ₹3,154.4 crore in Q4CY24. However, net profit rose 5.4% QoQ to ₹318.9 crore, supported by lower finance costs and tax expenses.

TCPL Packaging Hits Record High on New Facility Launch

TCPL Packaging surged to an all-time high of ₹4,776.9 after inaugurating a new Greenfield facility near Chennai, expanding its paperboard carton manufacturing capacity in South India.

Inox Wind Gains on ₹153 MW Wind Project Order

Inox Wind surged after bagging an order for 3 MW class turbines for a 153 MW wind power project in Tamil Nadu. The company will also provide engineering, procurement & construction (EPC) and operations & maintenance (O&M) services.

Laurus Labs Invests ₹83.3 Crore in KRKA Pharma JV

Laurus Labs approved an ₹83.3 crore investment in KRKA Pharma, a joint venture with Slovenia’s KRKA. The investment will help fund land acquisition and initial costs for a new manufacturing facility.

Jefferies Maintains 'Buy' on DLF, Target ₹1,000

Jefferies maintained a 'Buy' rating on DLF with a target price of ₹1,000, citing:
✔ Strong cash flows despite Gurgaon market concerns
✔ Positive response to the Dahlia project launch
✔ Upcoming Mumbai project launch as a near-term trigger

The Upcoming IPOs in this week and coming weeks are Super Iron Foundry, PDP Shipping & Projects.

The Closed IPOs are NAPS Global.

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