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Stocks to watch: Shares of firms like OMCs, Tata Elxsi, Jio Financial Services, TCS, SBI Cards, and others will be in focus on Friday’s trade
Stocks
Stocks to Watch on Friday, March 6, 2026: Indian equities are likely to open lower on Friday as escalating tensions in West Asia continue to dampen investor sentiment.
The early indicator of market performance, GIFT Nifty, was trading 185 points lower at 24,613 as of 7:45 AM, signalling a potential gap-down start for benchmark indices.
OMCs
Shares of oil marketing companies (OMCs) could remain in focus after the United States issued a general licence allowing limited Russian oil sales to India amid tightening global supply due to the West Asia conflict. The licence is valid until April 4, 12:01 a.m. Washington time.
Garden Reach Shipbuilders & Engineers
The company has signed a memorandum of understanding with Kalyani Strategic Systems Limited to jointly develop and promote indigenous advanced naval systems, unmanned platforms and maritime capabilities for domestic and global markets.
Petronet LNG
The firm received a force majeure notice from QatarEnergy and issued corresponding notices to offtakers GAIL (India) Limited, Indian Oil Corporation Limited and Bharat Petroleum Corporation Limited.
SAMHI Hotels
The board approved acquiring a 70% stake in RARE India, marking the company’s entry into the experiential leisure segment through an asset-light platform.
DCX Systems
The company secured an order worth Rs 68.05 crore from Hindustan Aeronautics Limited to manufacture and supply custom-made antennas and power supplies for airborne applications.
JK Tyre & Industries
The firm will acquire a 26% stake in FPEL Burning Bright Private Limited for Rs 1.53 crore to meet captive power consumption requirements under electricity regulations.
Dr. Reddy’s Laboratories
The company said the US Food and Drug Administration issued an Establishment Inspection Report for its Srikakulam facility, classifying the inspection as Voluntary Action Indicated (VAI) and officially closing the review.
Standard Engineering Technology
The company signed a target-based conditional distribution agreement with API Pharma Pharmaceutical Trading LLC to expand exports across pharmaceutical, biopharma, food and process industries in the Middle East.
Tata Elxsi
The company launched DevStudio.ai, an ASPICE-aligned multi-agentic solution designed to accelerate automotive software development for OEMs, system suppliers and semiconductor firms.
BMW Industries
The company entered a strategic partnership with Indian Oil Corporation Limited to supply piped natural gas to its upcoming Bokaro manufacturing facility, aimed at improving energy efficiency and supporting cleaner operations.
Jio Financial Services
The company invested Rs 147.45 crore in its joint venture Allianz Jio Reinsurance Ltd, subscribing to 14.75 crore equity shares at par value.
Bajaj Auto
KTM AG has fully repaid its €450 million secured term loan to Bajaj Auto International Holdings BV, a wholly owned subsidiary of Bajaj Auto, leading to the termination of the facility agreement.
Tata Consultancy Services
The IT major said it is in advanced discussions to establish additional AI data centres in India, following its partnership with OpenAI to develop facilities with capacities ranging from 100 MW to 1 GW.
SBI Cards and Payment Services
The company announced an interim dividend of Rs 2.50 per equity share for FY26 and set March 11, 2026 as the record date for determining eligible shareholders.
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March 06, 2026, 08:46 IST
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