Last Updated:
Stocks to watch: Shares of firms like Wipro, IRFC, TCS, Swiggy, Zomato, Coal India, Vedanta, and others will be in focus on Thursday’s trade
Stocks to Watch Today.
Stocks To Watch On March 6: Indian markets saw a much-needed recovery, gaining over a percent amid mixed cues. Several stocks, including Wipro, IRFC, TCS, Zydus Life, and LIC Housing, are expected to be in focus today due to various news developments.
LIC Housing Finance
LIC Housing Finance’s board has approved borrowing Rs 1.23 lakh crore through loans, bonds, and other instruments in the upcoming financial year.
IRFC
Indian Railway Finance Corporation (IRFC) aims to improve its margins by exploring lending to non-railway projects. As a newly designated Navratna public sector undertaking, IRFC is actively seeking financing opportunities for metro projects and other infrastructure linked to Indian Railways.
Wipro
Wipro, an IT services giant, has launched TelcoAI360, an AI-first managed services platform designed to help telecom operators scale technology solutions while enhancing customer experience and reducing costs.
TCS
TCS has partnered with Europe’s Vantage Towers to introduce a digital service platform aimed at streamlining service processes for property owners, improving retention, and strengthening telecom site partnerships across Europe.
Adani Enterprises
Abu Dhabi-based IHC Capital Holding sold over 8.4 million shares of Adani Enterprises worth Rs 1,832 crore through open market transactions. The sale represents a 0.73% stake in the company, with shares sold at an average price of Rs 2,168.1 each. Envestcom Holding RSC Ltd also sold an equal amount of shares in two tranches at the same price.
Cement Stocks
After years of consolidation and price weakness, the cement industry is showing signs of stabilization. Pan-Indian cement prices have risen for three consecutive months, with February prices increasing by Rs 3 per 50 kg bag. Prices are now 2-2.5% higher compared to Q3FY25, and the industry may attempt another price hike in March 2025 or at the start of the new financial year.
Vedanta
The National Company Law Tribunal (NCLT) has dismissed the demerger scheme proposed by Talwandi Sabo Power Ltd (TSPL) following objections from SEPCO, a creditor. SEPCO claimed that TSPL deliberately excluded their Rs 1,251 crore debt from the list of creditors. However, Vedanta clarified that the ruling pertains only to the TSPL application and does not affect other business undertakings intended for demerger.
Zomato, Swiggy
The All India Consumer Products Distributors Federation (AICPDF) has filed a petition with the Competition Commission of India (CCI) against quick-commerce platforms Zomato’s Blinkit, Zepto, and Swiggy Instamart, accusing them of unfair pricing and market monopolization. The petition claims that these companies use deep discounts and exclusive supply agreements, negatively affecting over 1 crore mom-and-pop stores across India.
Pharma Stocks
In light of concerns over potential US reciprocal tariffs on pharmaceutical exports from India, the local pharma industry has urged the Indian government to consider eliminating duties on drug imports from the US. Analysts believe this move could prevent Washington from imposing reciprocal tariffs, as the US is the largest export market for Indian pharma.
IRFC
IRFC, recently upgraded to Navratna status, will now finance metro projects nationwide, according to its CEO, Manoj Kumar Dubey. With no allocated borrowing room for railways in the Union Budget for 2025-26, IRFC is expanding its financing to railway-aligned infrastructure projects. The company has already secured funding for NTPC’s 20 BOBR rakes worth Rs 700 crore and was the lowest bidder for a Rs 3,190 crore loan to Patratu Vidyut Utpadan Nigam Limited (PVUNL), an NTPC subsidiary.
Coal India
South Eastern Coalfields Limited (SECL), based in Chhattisgarh, registered negative growth for the seventh consecutive month in February. Meanwhile, Mahanadi Coalfields Limited (MCL) is set to become the largest coal producer in state-run Coal India for FY25, with a production target of 225 million tonnes. MCL has already produced 203 million tonnes, marking a 9.8% year-on-year growth.
Sterlite Technologies
Goldman Sachs Asset Management sold a 2.13% stake in Sterlite Technologies for Rs 84 crore via an open market transaction at an average price of Rs 81.04 per share. Bandhan Mutual Fund acquired 1.23% of the company’s shares, totaling 6.011 million shares, for Rs 48.69 crore at an average price of Rs 81 each.
Zydus Lifesciences
Zydus Lifesciences has launched ANVIMO, a groundbreaking medication to prevent Cytomegalovirus (CMV) infections in stem cell and kidney transplant patients. ANVIMO (Letermovir) offers a safer, well-tolerated alternative, improving transplant outcomes.
RailTel
The Competition Commission of India (CCI) dismissed a complaint alleging unfair business practices by RailTel Corporation related to the Prime Minister’s Schools for Rising India (PM-SHRI) scheme. The CCI found no prima facie evidence of anti-competitive behavior and rejected the complaint.
Cantabil Retail
Cantabil Retail India, a menswear major, plans to invest Rs 55 crore in FY26 to expand retail stores, enhance production capacity, and complete new projects. The company aims to increase its total production capacity, including warehousing and backend space, to 5 lakh square feet, up from the current 3 lakh square feet.
Disclaimer:Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.