In the previous trading session, benchmark indices witnessed mixed trading as investors assessed global cues alongside domestic corporate announcements. Market sentiment remained cautious as participants continued to monitor geopolitical developments and their potential impact on commodity supply chains.
Several companies have announced key business updates, including acquisitions, joint ventures, capital-raising plans and infrastructure projects, which may influence stock-specific action in today’s trading session.
JK Lakshmi Cement has been declared the preferred bidder for the mining lease of the Juipahar New Umrangso Limestone Block (A and B) located in Assam.
The limestone blocks cover an area of approximately 405 hectares, strengthening the company’s raw material security for cement production.
Additionally, the company’s board has approved the acquisition of a 77.96 percent equity stake in NECEM Cements, which could further expand its regional presence.
Gravita India has signed definitive agreements to acquire a 98.95 percent stake in Rashtriya Metal Industries for ₹559.08 crore. The recycling company expects to complete the transaction by March 31, 2026. The acquisition is likely to enhance Gravita’s operational capabilities and strengthen its position in the metal recycling sector.
Balaji Amines is facing significant logistical disruptions in procuring ammonia, a key raw material used in the production of methylamines and ethylamines.
The shortage has emerged due to disruptions in liquefied natural gas supply linked to the ongoing conflict in the Middle East.
As a result, some of the company’s manufacturing plants are currently non-operational, and the financial impact of the disruption is yet to be determined.
Smallcap World Fund Inc has increased its stake in Shaily Engineering Plastics through a bulk deal, acquiring an additional 2.04 percent equity stake worth ₹176.88 crore. The shares were purchased at prices of around ₹1,878–₹1,879 per share, reflecting continued institutional interest in the company.
Action Construction Equipment has entered into a joint venture agreement with Japan-based Kato Works. The collaboration aims to enhance product competitiveness by improving performance and cost efficiency, while also exploring new growth opportunities in both domestic and international markets.
Kalpataru has signed a redevelopment project for Shree Mahalakshmi CHS located in Andheri West, Mumbai. The project spans nearly three acres and has an estimated gross development value of around ₹1,400 crore, with a potential carpet area of approximately 0.4 million square feet.
KPI Green Energy has energised an additional 35 MWp of solar capacity, taking its total operational independent power producer (IPP) capacity to 589 MWp. With several projects currently under development, the company expects to commission an additional 1,582 MWp capacity in the near term, expanding its total IPP portfolio to about 2.17 GWp.
ACME Solar Holdings, through its subsidiary ACME Sun Power, has commissioned the second phase of its battery energy storage system project located in Phalodi and Jodhpur, Rajasthan.
The phase includes 33.335 MW / 160.51 MWh capacity, with the commercial operation date scheduled for March 14. With this development, the company has achieved a commissioned capacity of 66.67 MW / 320.99 MWh under the project.
Max Financial Services has approved a fund-raising plan of up to ₹2,000 crore through a qualified institutional placement or other permissible methods. The proceeds will primarily support the funding requirements of its subsidiary, Axis Max Life Insurance, to strengthen growth initiatives and expansion plans.
Manorama Industries has approved raising up to ₹500 crore through the issuance of equity shares, non-convertible debt instruments or other convertible securities via a qualified institutional placement or similar routes. The capital infusion aims to support future expansion and corporate growth strategies.
Nectar Lifesciences has entered into an inter-corporate loan agreement worth up to ₹100 crore with Avensis Exports, its subsidiary. The funding arrangement is expected to support the subsidiary’s operational requirements.
Indian Overseas Bank has reduced the one-month marginal cost of funds-based lending rate (MCLR) by 10 basis points, effective March 15, while leaving MCLR rates for other tenures unchanged.
Acquisitions, joint ventures, renewable energy capacity additions, institutional investments and capital-raising plans are likely to drive stock-specific movements in today’s trading session. Investors are also expected to track developments related to supply chain disruptions and infrastructure projects for further market direction.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks. Read all related documents carefully before investing.
Published on: Mar 13, 2026, 7:54 AM IST
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