Kolkata: The Indian stock market witnessed a sharp decline on Wednesday. On March 11, Sensex closed at 76,863.71, down 1,342.27 points or 1.72%, while Nity 50 closed at 23,866.85, down 394.75 points or 1.63%. The market was impacted by the continuing war between Iran and the US-Irel combine, which disrupted the supply of LPG, PNG, CNG and raised the prices of crude oil in the global market. Market breadth also remained weak. On Wednesday, 1,807 stocks advanced, while 2,277 declined and 138 remained unchanged. Let’s have a look at the stocks that might be in focus today.
Stocks in focus
Wipro: Wipro has announced a multi-year contract with TruStage, a US-based insurance and financial services company. Under this agreement, Wipro will work on a technology and operations transformation program to modernize its retirement services business. The aim is to improve customer experience and operational efficiency.
Borosil: This company reported that oil marketing companies have limited LPG supply due to force majeure circumstances. This has impacted production at the company’s Jaipur plant. According to the company, production at the borosilicate glass furnace has been temporarily suspended, while the opal glass furnace is operating at reduced capacity.
Ashok Leyland: Ashok Leyland has laid the foundation stone for a greenfield battery pack manufacturing plant in Pillaipakkam, near Chennai. The project will involve an investment of approximately Rs 400-500 crore. The project is part of a September 2025 agreement with the Hinduja Group and aims to strengthen India’s electric mobility ecosystem.
Omnitech Engineering: Tis engineering company has secured a large order book. The company said it received an order worth Rs 920 crore from Weatherford Products GmbH under a master purchase agreement.
KEC International: Infrastructure and engineering company KEC International Ltd. has received new orders from various markets. According to the company, it has received orders worth Rs 1,476 crore. These include transmission and distribution projects in India, the Middle East, Africa, and the United States. This also includes a 380 kV transmission line, substation, and EHV cabling project in Saudi Arabia.
Vascon Engineers: Vascon Engineers has received a Letter of Intent from the Ahmedabad Municipal Corporation. The company has been selected for the Lotus Park development project in the city’s Southwest Zone. The project is valued at approximately ₹115.9 crore excluding GST and will be developed over an area of approximately 54,000 square meters.
Hatsun Agro Product: Dairy company Hatsun Agro Product Ltd reported that the Cuttack Bench of the National Company Law Tribunal has approved the merger of its wholly-owned subsidiary, Milk Mantra Dairy Private Limited, with the company. The merger will be effective April 1, 2025.
(Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any IPO, Mutual Funds, precious metals, commodity, REITs, InvITs and any form of alternative investment instruments and crypto assets.)