Monday, August 24, 2026

Stocks to Watch for March 12: Wipro, KEC International, Ashok Leyland, Borosil and more

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Wipro Ltd | The IT major announced a multi-year contract with US-based insurance and financial services provider TruStage to modernise its retirement services business through a technology and operations transformation programme aimed at improving customer experience and operational efficiency.

Bharat Forge share price

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Bharat Forge Ltd | The company’s board has approved an investment of up to €15 million (about ₹1,600 crore) in its wholly owned German subsidiary, Bharat Forge Global Holding GmbH, through an equity capital infusion to support overseas investments and strengthen global operations. The company will continue to hold 100% stake in the subsidiary after the infusion. Separately, the company’s aerospace division inaugurated a landing gear components machining facility in Mundhwa in collaboration with Liebherr-Aerospace & Transportation SAS.

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Adani Enterprises | The company said its subsidiary has increased its stake in Air Works India to 99.98% after acquiring an additional 14.2% shareholding. The move further consolidates the group’s ownership in the aviation maintenance, repair and overhaul (MRO) company.

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Borosil Ltd | Borosil said Oil Marketing Companies (OMCs) have restricted LPG supplies due to a force majeure situation, impacting production at its Jaipur facility. The company said production at the borosilicate glass furnace has been temporarily suspended, while opal glass furnaces are operating at lower capacities.

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Mahanagar Gas Ltd | The company said some of its suppliers have curtailed gas supplies amid geopolitical developments affecting global energy markets, impacting deliveries to its industrial and commercial customers. The move follows the government’s Natural Gas (Supply Regulation) Order, 2026 prioritising supplies for domestic PNG and CNG segments, with the company aligning its distribution accordingly while assessing the impact.

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Ashok Leyland | The company announced the ground-breaking of a greenfield battery pack manufacturing facility at Pillaipakkam near Chennaiwith an investment of ₹400–500 crore. The project, part of the Hinduja Group’s earlier MoU signed in September 2025, aims to strengthen India’s electric mobility ecosystem and aligns with Tamil Nadu Electric Vehicle Policy 2023 and the country’s net-zero ambitions.

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Omnitech Engineering Ltd | The company said it has secured an order worth ₹920 crore from Weatherford Products GmbH under a Master Purchase Agreement (MPA).

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KEC International | The company said it has secured new orders worth ₹1,476 crore across its transmission and distribution business in India, the Middle East, Africa and the Americas, including a 380 kV transmission line, substations and EHV cabling project in Saudi Arabia.

Vascon Engineers share price

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Vascon Engineers Ltd | The company said it has received a Letter of Intent from the Ahmedabad Municipal Corporation for the development of Lotus Park in the city’s South West Zone. The project, valued at ₹115.9 crore excluding GST, will cover an area of about 54,000 sq m.

Aether Industries share price

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Aether Industries | The company said a fire broke out at the company’s external warehouse in Surat, with no casualties or injuries reported. The company added that its facilities are operating normally and there has been no disruption to operations.

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Hatsun Agro Product Ltd | The company said the National Company Law Tribunal (NCLT), Cuttack Bench, has approved the merger of its wholly owned subsidiary Milk Mantra Dairy Private Limited with the company, effective from the appointed date of April 1, 2025.

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Redington Ltd | The company has received a favourable order from the Commissioner of Income Tax (Appeals), quashing a demand of ₹230.21 crore out of the total ₹233.66 crore raised by the assessing officer for the Assessment Year 2020–21. The company said it had earlier contested the tax demand before appellate authorities after receiving the assessment order and notice from the Income Tax Department in September 2023.

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