Several companies are expected to remain in focus in the stock market today following key corporate announcements, strategic partnerships, fundraising moves, and clarifications on market rumours. Here are the top stocks to watch:
GRSE & Bharat Forge
zoomed 6 per cent to ₹2,548 on the NSE. The company entered a memorandum of understanding (MoU) with Kalyani Strategic Systems Limited, a subsidiary of Bharat Forge. Bharat Forge will also remain in focus.
Tata Elxsi
will be in focus after the company launched “DevStudio.ai,” a GenAI-powered platform designed to accelerate automotive software engineering and development. The platform is expected to help automakers speed up software development cycles and improve efficiency. The stock rose 2 per cent to ₹4,490 in early trade today.
Bank of Baroda
announced the allotment of long-term green infrastructure bonds worth ₹10,000 crore. The stock traded in the negative territory at the time of writing.
TCS
is reportedly in advanced discussions to establish more AI-focused data centres in India. The expansion is aimed at addressing India’s projected 10-gigawatt AI data centre demand by 2030. Shares were up 1 per cent at the time of writing.
Jio Financial Services
has allotted 14.7 crore shares of Allianz Jio Reinsurance for ₹147.5 crore, increasing its total investment in the venture to ₹150 crore. The capital infusion reflects the company’s commitment to expanding its footprint in the reinsurance and financial services ecosystem through the joint venture with Allianz. Shares traded flat.
Mangalore Refinery and Petrochemicals (MRPL)
clarified reports suggesting it had halted fuel exports due to the Iran conflict. The company stated that no “Force Majeure” has been declared and operations remain normal. The clarification is aimed at addressing market speculation and ensuring transparency regarding its export activities.
Shares surged a little over 3 per cent to a high of ₹203.06 on the NSE.
Mazagon Dock Shipbuilders
stated that Commercial Negotiation Committee (CNC) discussions with the government have been completed regarding certain defence contracts.