Indian equity markets ended lower on Wednesday amid mixed sectoral performance. The Sensex declined 303.67 points, or 0.41%, to close at 74,346.17, while the Nifty 50 slipped 77.95 points, or 0.33%, to settle at 23,405.60. Broader markets also remained under pressure, with the Nifty Midcap 100 falling 0.42% to 60,687.20. Market breadth was negative, with 1,777 stocks declining against 1,208 advancing stocks on the NSE.
Here are the key stocks likely to remain in focus today:
BHEL
Bharat Heavy Electricals Limited (BHEL) has secured a major international order from Dangote Petroleum Refinery & Petrochemicals Free Zone, Nigeria. The contract, estimated to be worth between ₹2,000 crore and ₹2,500 crore, is expected to strengthen the company’s overseas order book and reinforce its presence in the energy infrastructure segment.
Agarwal Industrial Corporation
Agarwal Industrial Corporation has received an order worth ₹477.5 crore from Hindustan Petroleum Corporation Limited (HPCL). The contract involves the supply of 1,30,000 metric tonnes of bulk bitumen across HPCL’s Mumbai and Mangalore locations, providing a significant boost to the company’s order pipeline.
Jain Irrigation Systems
Jain Irrigation has commissioned a high-tech industrial-scale biochar manufacturing facility in Jalgaon, Maharashtra. Developed along with its partners, the facility has an annual production capacity of around 20,000 tonnes and marks the company’s expansion into sustainable agricultural and carbon-management solutions.
LTM
LTM has launched its new managed Secure Service Edge (SSE) solution in collaboration with Cisco. The offering is aimed at helping enterprises strengthen cybersecurity, secure access architecture, and support cloud-led digital transformation initiatives.
Indiabulls Enterprises
The board of Indiabulls Enterprises has approved fundraising of up to ₹1,000 crore through the issuance of 51.55 crore warrants. The warrants will be convertible into an equivalent number of fully paid-up equity shares at an issue price of ₹19.40 per share.
Aurobindo Pharma
Aurobindo Pharma has inaugurated TheraNym, one of India’s largest dedicated biologics contract manufacturing organisations (CMOs). The facility is expected to enhance the company’s presence in the biologics manufacturing and contract development space.
Rajesh Exports
Rajesh Exports may remain under pressure after SEBI issued an interim ex-parte order against the company and its Chairman and Managing Director, Rajesh Mehta. The regulator cited prima facie findings of financial misrepresentation, fund-routing irregularities and non-cooperation during an ongoing investigation.
Lenskart
Eyewear retailer Lenskart will be in focus after a major block deal on Wednesday. A SoftBank entity sold 5.6 crore shares, representing a 3.2% stake, for nearly ₹2,900 crore. Fidelity and Societe Generale emerged among the buyers in the transaction.
GMR Airports Infrastructure
GMR Airports Infrastructure may also attract investor attention after GQG Partners sold a 1.8% stake through a block deal worth approximately ₹1,900 crore. Fidelity was reported to be the sole buyer in the transaction.
Disclaimer
This article is for informational purposes only and should not be construed as investment advice. Investors should conduct their own research and consult financial advisors before making investment decisions.