Stocks To Watch: Vedanta, Ola Electric, Infosys, BEML, Jaiprakash Associates, And Others – News18
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Stocks to watch: Shares of firms like Vedanta, Ola Electric, Infosys, BEML, Jaiprakash Associates, and others will be in focus on Thursday’s trade
Stocks to watch on March 13
Stocks To Watch On March 13: Domestic markets remained volatile, ending nearly flat and continuing the ongoing negative bias. Today, shares of Vedanta, Ola Electric, Jaiprakash Associates, BEML, Infosys, and others will be in focus due to various news developments.
Vedanta
Vedanta’s promoters will retain over 50% stake in each of its demerged entities. The focus will remain on creating pure-play companies that are better positioned to capitalize on emerging opportunities.
Ola Electric
Ola Electric is offering a ‘Holi flash sale’ with discounts of up to Rs 26,750 on the S1 Air and Rs 22,000 on the S1 X+ (Gen 2) e-scooters.
Zydus Lifesciences
Zynext Ventures has invested in Illexcor Therapeutics to advance its novel oral therapy for sickle cell disease.
NHPC
NHPC will consider a borrowing plan to raise debt for FY 2025-26 on March 19.
Infosys
Infosys reports that Enterprise AI is driving business transformation, with more than 50% of AI use cases delivering significant impact. The company is particularly successful in professional services and tech, while financial services face regulatory hurdles. Infosys continues to invest in small language models, Agentic AI, and workforce transformation to enhance AI-driven automation.
BEML
BEML has signed two Memorandums of Understanding (MoUs) to expand its presence in the rail and dredging sectors. One MoU with Siemens India will explore opportunities in the semi-high-speed, suburban passenger train segments, as well as the metro and commuter rail markets.
Jubilant Pharmova
Jubilant Pharmova announced that its subsidiary, Jubilant Cadista Pharmaceuticals Inc., received an Establishment Inspection Report (EIR) with a Voluntary Action Indicated (VAI) status from the US FDA for its solid oral formulations facility in Salisbury, Maryland.
BEL
Bharat Electronics secured a Rs 2,463 crore contract (excluding taxes) from the Ministry of Defence for supplying and servicing Ashwini Radars for the Indian Air Force.
Coromandel International
Coromandel International has entered into definitive agreements to acquire a 53% stake in NACL Industries for Rs 820 crore at Rs 76.7 per share. The stake will be acquired from the current promoter, KLR Products.
Jaiprakash Associates
The group of lenders to Jaiprakash Associates has moved its due debt, including associated securities and guarantees, to the National Asset Reconstruction Company (NARCL). The assignment was executed via a Deed of Assignment, as confirmed by NARCL in a separate letter to the lenders.
Reliance Capital
The National Company Law Tribunal (NCLT) has granted an additional eight days for all parties to complete procedural issues for the ownership transfer of Reliance Capital (RCAP) to IndusInd International Holdings (IIHL). The NCLT’s Mumbai branch heard the matter, and a joint status update was provided by the committee of creditors, administrators, and IIHL on the progress of the resolution plan implementation.
PFC
Power Finance Corporation (PFC) has approved a Rs 1,40,000 crore borrowing plan for 2025-26 and also declared a fourth interim dividend of Rs 3.5 per share for FY 2024-25. The Board of Directors approved the borrowing plan at its meeting on March 12, 2025.
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