Watchlist: SBI, NBCC, Biocon, Niva Bupa, Ultratech Cement, and Biocon

The top ten stocks that will probably be watched on Thursday are as follows:

State Bank of India: To promote solar projects in India, the banking giant said it would sign a 70 million euro Line of Credit (LoC) arrangement with the German Development Bank KfW. This funding agreement is primarily intended to improve solar photovoltaic projects around the nation.

Biocon: The biotechnology giant said that Bicara Therapeutics Inc. is no longer an affiliate business of Biocon after the $165 million Series C fundraising round was completed. The Series C capital infusion and Bicara’s subsequent share issue caused this shift, which resulted in Biocon’s ownership of less than 20% of Bicara on a fully diluted basis.

Ultratech Cement: By 2030, the manufacturer of ready-mix concrete and cement wants to raise the proportion of renewable energy in its entire energy mix to 85%. By FY26, the firm belonging to the AV Birla Group intends to raise its overall proportion of green energy from its present 22% to 60%.

Niva Bupa Health Insurance: Two distinct acquisitions of the firm, including the acquisition of a share by an entity under Temasek management, have been allowed by the Competition Commission of India. In the second, a portion of the business is acquired by Motilal Oswal Alternate Investment Advisors-managed India Business Excellence Fund-IV.

NBCC: A ₹1,500 crore project management consulting contract has been awarded to the state-owned corporation for the development of 1,469 warehouses and other facilities associated with the agricultural sector. The National Cooperative Development Corporation and Primary Agriculture Cooperative Society have given NBCC work orders for many states.

Sunteck Realty: Through open market sales, the company’s promoters, Starlight Systems and Satguru Infocorp Services, sold their shares. Thirty lakh shares were sold by Starlight Systems for ₹479.47 each, while an equal number of shares were sold by Satguru Infocorp Services for ₹481.65 apiece. This ₹288.3 crore transaction is about 4.1% of the company’s paid-up stock.

IRCTC: The Indian Railways division is diversifying to increase its market share and brand recognition outside of railroad catering. The company wants to provide catering services throughout the country.

GMM Pfaudler: The firm recently had a transaction inside its promoter group, with the Patel Family purchasing a 1% interest from Pfaudler Inc. via Millars Machinery. The price per share for this transaction, which was carried out as an off-market inter-se transfer among promoters, was ₹1,700. 75% of the total payment has been paid in advance by the Patel Family; the remaining 25% must be paid by March 15th. The Patel Family now owns 25.18% of GMM Pfaudler as a result of this transaction.

JSW Energy: JSW Energy (Barmer) Ltd, the company’s subsidiary, has successfully concluded the issuance of bonus shares. It has distributed 75.38 crore fully paid shares, with a ₹10 value for each share. The entire value of this bonus issuance is ₹753.89 crore.

Uno Minda: The business, under its subsidiary Uno Minda TACHI-S Seating (UMTS), opened a new vehicle seating system production plant in Ahmedabad, Gujarat. OEM orders have been acquired for this recently constructed business, which is focused on manufacturing mechanical components for passenger vehicle seats.