In the previous trading session, stock-specific action was seen as investors reacted key developments across sectors.
Market participants continue to track company-specific news flow, including tax demands, leadership changes, order wins, and strategic collaborations that are likely to drive near-term stock movement.
Kwality Wall's (India) Ltd
Kwality Wall's (India) Ltd reported a widening of its net loss to ₹178.4 crore in the third quarter, compared to a loss of ₹100.2 crore in the same period last year. Total income fell sharply by 30.6% to ₹223.4 crore, from ₹321.7 crore previously. The weak set of numbers is likely to keep the stock under pressure.
SML Mahindra Commercial Vehicles Ltd
On the sales front, SML Mahindra Commercial Vehicles Ltd reported a robust 15.1% year-on-year increase in total vehicle sales for February, reaching 1,415 units, up from 1,229 units. Exports performed exceptionally well, surging 49.1% to 88 units. Production also saw a healthy uptick, rising 16.4% to 1,679 units.
Max Estates Ltd
Realty firm Max Estates Ltd has secured RERA approval for its premium project, 'Max One,' in Noida.
Spread across 10 acres with a development potential of 2.5 million sq ft, the project is expected to generate a total sales potential of ₹2,000 crore, alongside an annuity rental income potential of approximately ₹120 crore. This approval marks a significant milestone for the company's growth pipeline.
Meesho
Meesho, the e-commerce platform has come under the spotlight after receiving a significant tax demand.
The Income Tax Department has raised a demand of ₹1,499.73 crore (including applicable interest) for the Assessment Year 2023–24. The development follows an Assessment Order and Demand Notice served to the company.
Kotak Mahindra Bank Ltd
The Reserve Bank of India (RBI) has approved the appointment of Anup Kumar Saha to the Kotak Mahindra Bank's board.
Consequently, Saha has been appointed as a Whole-time Director (designated as Executive Director) and a Key Managerial Personnel with immediate effect. He has ceased to be a Senior Management Personnel of the bank.
R Systems International Ltd
R Systems International Ltd board has declared an interim dividend of ₹6 per share for the financial year 2026. The record date for determining shareholder eligibility for the dividend has been fixed as March 12, 2026.
Yes Bank Ltd
Yes Bank Ltd board has approved the appointment of Vinay Muralidhar Tonse as the Managing Director & CEO (Designate), effective March 12, 2026. Tonse will officially take charge as MD & CEO on April 6, 2026, following the demit of office by the current MD & CEO, Prashant Kumar, on April 5.
Dr. Reddy's Laboratories Ltd
The pharmaceutical major Dr. Reddy's Laboratories Ltd has received a significant relief as the US Department of Justice has closed its inquiry under the Foreign Corrupt Practices Act (FCPA) concerning the company.
The department has stated that based on the available information, it will not recommend any enforcement action. The inquiry was related to an anonymous complaint in 2020 regarding improper payments in Ukraine.
Tata Power Company Ltd
In a move to bolster its clean energy push, Tata Power has announced a collaboration with Salesforce.
The partnership aims to digitally transform its rapidly expanding businesses in rooftop solar (RTS), EV charging, and smart home solutions, reinforcing its long-term clean energy roadmap aligned with India's net-zero ambitions.
RITES Ltd
The engineering consultancy firm RITES Ltd has received revised project estimates for railway electrification work on the Mysuru–Hassan–Mangaluru section from South Western Railway. The revised cost for this turnkey project stands at ₹729.28 crore.
Separately, RITES has also secured a work order worth ₹45.18 crore from the West Bengal government to act as Project Management Consultant for a new four-lane bridge over the River Muriganga.
UltraTech Cement Ltd
The cement giant, UltraTech Cement Ltd is acquiring a 26.20% equity stake in Sunsure Solarpark Thirty Eight Private Limited, a renewable energy generation and transmission company.
The acquisition, made through an Energy Supply Agreement and Share Subscription Agreement, is aimed at meeting UltraTech's green energy needs and complying with regulatory requirements for captive power consumption.
IRB Infrastructure Developers Ltd
IRB Infrastructure Developers Ltd reported a healthy 21.55% surge in toll revenue for February, which stood at ₹746.1 crore, compared to ₹613.8 crore in the same month last year, indicating sustained traffic growth.
Tata Motors Ltd (Passenger Vehicles)
Om Prakash Bhatt has completed his second consecutive term as an Independent Director and has ceased to hold office, effective March 8, 2026, upon attaining the retirement age in Tata Motors Ltd.
Kirloskar Electric Company Ltd
Sanjeev Kumar S, the company's Chief Financial Officer, has been relieved from his services effective March 6, 2026, in Kirloskar Electric Company Ltd.
Sterling and Wilson Renewable Energy Ltd
Sterling and Wilson Renewable Energy’s step-down subsidiary in Kazakhstan, Sterling and Wilson Kazakhstan LLP, has been liquidated effective March 2. The company confirmed that the subsidiary did not have any business activity.
Gujarat Narmada Valley Fertilizers and Chemicals Ltd (GNFC)
The ongoing conflict in the Middle East has led to supply constraints for Liquefied Natural Gas (LNG). As a result, GAIL has received a Force Majeure notice from its upstream supplier, Petronet LNG, impacting the supply of Re-gasified LNG to GNFC.
Effective March 6, GNFC's RLNG allocation has been restricted to 60% of the Daily Contracted Quantity, which will impact its Neem urea production. The company stated that the likely impact cannot be estimated at this point.
Max Financial Services Ltd
Key Axis entities—Axis Bank, Axis Securities, and Axis Capital—have provided their in-principle no-objection to the proposed amalgamation of Max Financial Services into Axis Max Life Insurance.
Effective March 23, several stocks will see changes in their index status:
PB Fintech Ltd
In a major block deal, Tencent Cloud Europe BV halved its stake in the PB Fintech Ltd (Policybazaar and Paisabazaar operator), selling 48.4 lakh shares (1.04% equity) for ₹694.65 crore at ₹1,435.1 per share.
The buyers included Goldman Sachs Bank Europe, Mirae Asset Mutual Fund, Societe Generale, DSP Mutual Fund, Schroder, Tata Mutual Fund, and Viridian Asia Opportunities Master Fund.
Shankara Buildpro Ltd
360 ONE Equity Opportunity Fund acquired 1.62 lakh shares, representing a 0.67% stake, for ₹16.22 crore at a price of ₹998.61 per share in Shankara Buildpro Ltd.
Ganesha Ecosphere Ltd
While DSP Mutual Fund sold 2.76 lakh shares (1.03% stake) for ₹21.2 crore, India Capital Fund picked up 2.34 lakh shares for ₹17.97 crore in the PET bottle recycler Ganesha Ecosphere Ltd.
Read More: Qatar Warns of $150 Oil Price Surge, Posing Inflationary Threat to Global Markets!
Other Market Updates
SME Listing: Acetech E-Commerce is set to make its market debut today.
Stock Trades Ex-Date for Split: TANFAC Industries.
Stock Trades Ex-Dividend: Axtel Industries.
Stock Trades Ex-Bonus: Cupid.
Stocks in F&O Ban: SAIL and Sammaan Capital are in the derivatives ban period today.
Today's trading session is poised to be action-packed, driven by a diverse set of corporate actions. From significant tax demands and key leadership changes to strategic investments, crucial regulatory approvals, and portfolio rejigs by index providers, stock-specific volatility is likely to persist. Investors will be closely watching how these developments translate into price movements.
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 9, 2026, 8:17 AM IST
Team Angel One
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