Stocks to Watch Today: On Thursday, March 12, shares of about 14 companies will be in the focus of the market…
highlights
- These days, Indian markets are reacting only on the basis of news.
- Amidst the deepening crisis of Iran war, investors are feeling discouraged due to disruption in oil and gas supply.
- On Thursday, March 12, stocks of 14 companies will be in the focus of the stock market.
Let us know which are those 12 stocks in which strong action is being seen.
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US President Donald Trump said that Reliance Industries (RIL) can partner in the first new oil refinery project to be built in America in 50 years. After this news, Reliance Industries shares are on the radar of investors since Wednesday.
IT sector company Wipro Limited has won the contract for TruStage’s retirement services business. TruStage is an insurance and financial services company based in Wisconsin, USA. Under the agreement, Wipro will help in upgrading TruStage’s retirement services platform with the help of modern technology and digital solutions.
Commercial vehicle company Ashok Leyland has laid the foundation stone for a greenfield battery pack manufacturing plant near Chennai. About Rs 400-500 crore will be invested in this project. This investment is part of the MoU signed by Hinduja Group in September 2025. This project is in line with Tamil Nadu’s EV Policy 2023 and India’s net-zero target by 2070.
The Enforcement Directorate (ED) has conducted raids in an alleged fraud case involving IDFC First Bank. In this action taken by Chandigarh Unit, searches have been conducted at a total of 19 places. Former officials of the bank, some beneficiaries and real estate agents are said to be involved in the investigation.
Canara Bank has not made any change in the MCLR (Marginal Cost of Funds Based Lending Rate) for one year period. That is, at present the lending rate of the bank will remain the same as before.
The footwear company said that the company’s Chief Financial Officer (CFO) Prince Jain has resigned from his post. His resignation has become effective from March 11.
Infrastructure company KEC International has received new orders worth Rs 1,476 crore related to transmission and distribution. Apart from India, these orders have been received from Middle East, Africa and America.
Hatsun Agro Product informed that NCLT has approved the merger of Milk Mantra Dairy into the company. This merger will be considered effective from April 1, 2025.
HDFC ERGO General Insurance
The company’s board has approved the appointment of Parthanil Ghosh as the new managing director and CEO. His appointment will be effective from April 16, 2026, although it will require the approval of the exchange and the regulator.
Canara HSBC Life Insurance
The company has signed a corporate agency agreement with Bihar Gramin Bank. Under this, insurance products will be made available to the customers through the bank’s network.
Vascon Engineers has received a work order worth Rs 115.90 crore from Ahmedabad Municipal Corporation. The project involves the development of ‘Lotus Park’ over an area of ​​approximately 54,000 square meters in the South-West Zone of Ahmedabad.
Omnitech Engineering has been awarded a major contract from Waterford Products GmbH under a Master Purchase Agreement. This agreement is for 5 years and is worth approximately $20.1 million per year. Its total value in five years can be more than Rs 920 crore.
Redington Limited has received relief from the Income Tax Department. The Commissioner (Appeals) has rejected the tax demand of about Rs 230 crore imposed on the company. This matter was related to the financial year 2020-21.
Servotech Renewable Power Systems has secured an Indian patent for electric vehicle charging equipment in collaboration with Electra EV. This technology has been specifically developed for the purpose of more reliable and efficient charging for low voltage EVs.
Due to all these news, sharp fluctuations or activity may be seen in the shares of these companies in Thursday’s trading session.
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