Indian Stocks in Focus: Infosys, Waaree Renewable, HG Infra, InterGlobe Aviation, TVS Supply Chain, Brigade, SEDEMAC, Arvind SmartSpaces Trading Update - March 11
Stock Market Update
Stocks to Watch
Infosys
Infosys has announced a new strategic collaboration with Incora to advance the use of artificial intelligence across Incora's global supply chain operations. The multi-year alliance will implement AI-enabled capabilities supporting operations across over 60 countries.
Waaree Renewable Technologies
Waaree Renewable Technologies has signed a contract for the execution of engineering, procurement, and construction (EPC) works for a 300 MWac / 420 MWp ground-mounted solar PV plant. The project is scheduled to be completed during FY 2027–28.
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Arvind SmartSpaces
Arvind SmartSpaces has acquired a new residential high-rise project in Whitefield, with a total estimated saleable area of around 2.5 lakh square feet and a topline potential of around Rs 330 crore.
Aditya Birla Capital
Aditya Birla Capital has invested Rs 750 crore on a rights basis in the equity shares of Aditya Birla Housing Finance. The company has also allotted 30,000 non-convertible debentures (NCDs) worth Rs 300 crore, 250 NCDs worth Rs 25 crore, and 4,300 NCDs worth Rs 430 crore on a private placement basis to multiple investors.
Waaree Energies
Waaree Energies' subsidiary Waaree Solar Americas Inc has entered into a Share Subscription Agreement with United Solar Holdings Inc for the subscription of approximately 53,68,551 Series B preferred shares of USH for $30 million.
Central Bank of India
Central Bank of India has renewed its co-lending partnership with Capri Global Capital to offer loans at competitive rates. The participation of both entities in this arrangement will lead to greater portfolio expansion for Central Bank of India and Capri Global Capital.
Hindustan Zinc
Hindustan Zinc has signed a Memorandum of Understanding (MoU) with CMR Green Technologies, India's leading non-ferrous recycling company, to establish a zinc alloy manufacturing facility at Zinc Park.
Adani Enterprises
Adani Enterprises' subsidiary Adani Road Transport has completed the acquisition of the remaining 49% equity shares of D P Jain TOT Toll Roads, along with 100% optionally convertible redeemable preference shares.
Bank of Baroda
Bank of Baroda has kept its Marginal Cost of Funds Based Lending Rate (MCLR) unchanged for all tenures, effective March 12.
HG Infra Engineering
HG Infra Engineering has received an order worth Rs 401.33 crore from Anuppur Thermal Energy in Anuppur. The order involves the execution of civil and P-way works for the development of railway infrastructure at the 2×800 MW Thermal Power Project in Anuppur.
Polycab India
The Income Tax Authority has reduced the tax demand against Polycab India to Rs 57.58 crore, down from Rs 327.47 crore, for the Assessment Year 2024–25.
InterGlobe Aviation
Pieter Elbers has resigned as Chief Executive Officer, effective March 10. Rahul Bhatia, Managing Director, will assume management responsibilities on an interim basis.
Eicher Motors
VE Commercial Vehicles has announced the appointment of B Srinivas as the new Managing Director & CEO, effective April 1.
UCO Bank
UCO Bank has kept its Marginal Cost of Funds Based Lending Rate (MCLR) unchanged for all tenures, effective March 10.
VIP Industries
The Board has approved the appointment of Rahul Poddar as Chief Financial Officer (CFO) and Key Managerial Personnel, effective March 11.
Tips Music
Hari Nair has resigned as Chief Executive Officer, effective April 30, 2026, to pursue new opportunities.
Investor Takeaway
Investors should monitor Infosys and Waaree Renewable Technologies for potential growth opportunities.
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