Stocks to Watch – Indian Markets

IT Stocks (Negative): US imposes a one-time $100,000 fee on new H1B visas (not renewals). While Big Tech is more impacted than Indian IT, sentiment may stay cautious. Govt assessing impact. Mphasis, Persistent, Cyient, Coforge clarified no impact.

(Neutral): Plans to enter wealth management business, diversifying revenue streams. Swan Defense (Positive): Signed MoUs worth ₹4,250 Cr with Gujarat Maritime Board, including ₹3,500 Cr for shipyard expansion at Pipavav Port. (Positive): Secured a $62.44 million contract from Germany’s Carsten Rehder to build 4 hybrid 7,500 DWT vessels. (Negative): USFDA inspection at Pune Biotech facility ended with 4 observations—could weigh on stock near term. Shipping Corp of India (Positive): Signed MoU with BPCL, HPCL, and IOCL to jointly acquire and operate vessels—boosts synergy in oil & gas logistics. (Positive): Bagged ₹450 Cr order for AI GPU systems, to be executed by FY26-end. Ashoka Buildcon (Positive): Won €18.5 Mn project in Ivory Coast to build 100 water wells. Hindustan Copper (Positive): Signed 20-year Rakha mining lease—a key step towards mine reopening & expansion. PNC Infratech (Positive): Received ₹495.54 Cr LOA for bridge & road project in Bihar. NBCC (Positive): Won ₹117 Cr work order. Railtel (Positive): Secured ₹18 Cr order from Dredging Corp. Oil India & ONGC (Negative): GST on exploration services hiked to 18% from 12%—may pressure margins. HUDCO (Positive): MoU with NBCC for turnkey projects in Kaushambi, Panchkula, Ahmedabad & Asian Games Village. Zydus Lifesciences (Neutral): Received EIR from USFDA for Ahmedabad plant; classified “Voluntary Action Indicated”—no major compliance risk.