Stocks To Watch: Bharat Forge, Samvardhana Motherson, UltraTech, Jubilant, ONGC, And Others
Stocks to watch: Shares of firms like Bharat Forge, Samavardhana Motherson, UltraTech, Jubilant, ONGC, and others will be in focus on Friday's trade
Stocks to Watch on March 28: Domestic markets saw modest gains on the monthly expiry day, rising nearly half a percent despite mixed signals. Today, due to various developments, shares of companies like Jindal Stainless, Asian Paints, CG Power, Bharat Forge, and Samavardhana Motherson will be in focus.
Punjab and Sind Bank
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Punjab and Sind Bank successfully closed its Qualified Institutional Placement (QIP) on Thursday, with the issue price set at Rs 38.37 per share.
Bharat Forge
Bharat Forge (BFL) has secured a contract with the Ministry of Defence (MoD) to supply 184 units of the advanced 155mm/52-calibre towed artillery gun system (ATAGS).
UltraTech Cement
UltraTech Cement has completed several brownfield expansions across India, boosting its production capacity further.
Samvardhana Motherson
Samvardhana Motherson stated that the impact of Trump’s tariffs is unlikely to affect its financials significantly, as a large portion of the products it supplies to the U.S. is manufactured locally.
Adani Power
Adani Power has resumed power supply to Bangladesh after a four-month hiatus due to unpaid dues. Bangladesh is now making monthly payments of $90-95 million, although earlier dues remain unpaid.
Adani Energy Solutions
Adani Energy Solutions announced the acquisition of Mahan Transmission (MTL), a special purpose vehicle (SPV), after executing a share purchase agreement with REC Power Development and Consultancy for the full 100% stake.
Jubilant Foodworks
Jubilant Foodworks, which operates brands such as Domino’s and Popeyes, is witnessing a recovery in dine-in sales. CEO and MD Sameer Khetarpal anticipates further growth in dine-in sales starting next quarter.
Blue Star
Due to rising metal prices and volatility in the rupee, Blue Star may raise its air conditioner prices by an additional 4-5% in April, as stated by the company’s managing director, B. Thiagarajan. This follows a previous 3-4% hike in February to address increasing input costs.
Jindal Stainless
Jindal Stainless is planning to invest Rs 40,000 crore in Maharashtra to establish a stainless steel manufacturing facility. The investment proposal has been approved by the state cabinet subcommittee.
ONGC
ONGC Videsh, the overseas arm of ONGC, is progressing on its offshore gas exploration project in Mozambique, with operations now underway. The company board has approved a Rs 1,500 crore investment in the joint venture (JV).
BPCL
Saudi Aramco is in negotiations to invest in two planned refineries in India, as reported by Reuters. The oil giant is in talks to invest in Bharat Petroleum Corp’s (BPCL) proposed refinery in Andhra Pradesh and a potential refinery by ONGC in Gujarat.
BEL
Bharat Electronics (BEL) has received additional orders worth Rs 1,385 crore since its last update on March 12, 2025. These include orders for radar spares, upgrades, electronic voting machines, simulators, advanced navigation systems, tank stabilizers, fire control systems, and communication equipment.
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