India's Market Focus Shifts to Wipro, Omnitech, KEC International, Motherson, Vascon Engineers, Borosil, Relaxo Footwear, Hatsun Agro, Redington on March 12

Stock Market Updates

Stocks to Watch

Wipro

• Wipro has entered into a multi-year contract with TruStage for business and technology modernisation, valued at undisclosed amount.

Omnitech Engineering

• Omnitech Engineering has secured a five-year contract worth Rs 920 crore from Weatherford Products GmbH via a Master Purchase Agreement.

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KEC International

• KEC International has received new orders worth Rs 1,476 crore for transmission and distribution projects in India, the Middle East, Africa, and the Americas, taking its year-to-date order intake to Rs 22,800 crore.

Samvardhana Motherson International

• Samvardhana Motherson International has entered into a Share Purchase Agreement to acquire a 100% stake in Yutaka Autoparts India.
• The company has completed a tender offer to acquire additional shares in Yutaka Giken Co Ltd, with 14,08,867 common shares tendered and to be purchased at a tender offer price of JPY 3,024 per common share.
• The settlement date for the tendered shares is March 17.

Vascon Engineers

• Vascon Engineers has received a work order worth Rs 115.9 crore from Ahmedabad Municipal Corporation for the development of Lotus Park, with a completion deadline of 24 months from the date of issue of the work order.

Ashok Leyland

• Ashok Leyland has announced the ground-breaking of a greenfield battery pack manufacturing facility in Chennai, with an investment of Rs 400–500 crore.

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Borosil

• Borosil's production activities have been impacted due to restrictions on LPG supply by Oil marketing companies (OMCs).
• The company is evaluating the impact arising from the ongoing disruption in LPG supply.

Canara HSBC Life Insurance Company

• Canara HSBC Life Insurance Company has entered into a Corporate Agency Agreement with Bihar Gramin Bank for the distribution of the company's insurance products.

Relaxo Footwears

• Prince Jain has resigned as Chief Financial Officer and Key Managerial Personnel of Relaxo Footwears, effective March 11.

Aether Industries

• Aether Industries has reported a fire incident at an external warehouse in Surat, with no reported injuries or casualties.

Adani Enterprises

• Adani Enterprises's subsidiary, Adani Defence Systems & Technologies, has completed the acquisition of a 14.2% shareholding in Air Works India (Engineering), increasing its total stake to 99.98%.

Mahanagar Gas

• Mahanagar Gas's gas supplies have been impacted due to curtailment of supply by some of its gas suppliers.
• Prudential plc and its subsidiary companies have acquired an additional 0.06% stake in Mahanagar Gas, taking their total stake to 5.01%.

Hatsun Agro Product

• The National Company Law Tribunal (NCLT) has sanctioned the amalgamation of Milk Mantra Dairy with Hatsun Agro Product, with effect from April 1, 2025.

Bharat Forge

• Bharat Forge has made an investment in its subsidiary Bharat Forge Global Holding GmbH through a capital reserve amounting to Rs 160 crore, or 15 million euros.

Lumax Auto Technologies

• Lumax Auto Technologies's order details are not specified in the provided information.