Renew Wind Cancels Supply Deal with Indo Tech | Samvardhana Motherson Acquires Stake in YGCL | Top Buzzing Stocks Today

Fri, 13 Mar Pre-Open

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Indian benchmark indices traded negative throughout the session and ultimately closed red

Indian equity benchmarks indices, Sensex and Nifty50 extended losses as oil price volatility roiled the investors' sentiment.

At the closing bell on Thursday, the BSE Sensex  closed lower by 830 points (down 1.08%)

Meanwhile, the NSE Nifty closed 227 points lower (down 0.9%)

NTPC, Tech Mahindra, Sun Pharma are among the top gainers today.

M&M, Bajaj Finance, Larsen on the other hand, were among the top losers today.

For impact of the Bank Nifty companies and comprehensive overview of the index, check out Equitymaster's Bank Nifty Companies list.

The Nifty Midcap 100 index is trading 0.4% lower and the Nifty Smallcap 250 index is trading 0.38% lower.

Sectoral indices were trading mixed on Thursday with stocks in IT sector and oil & gas sector witnessed selling pressure. Meanwhile, stocks in services sector and auto sector witnessed selling pressure.

Speaking about the stock market, research analyst Tanushree Banerjee, in her latest video, highlights how data centres are becoming the backbone of the artificial intelligence revolution.

She notes that just as railroads were the inflection point of the Industrial Revolution, data centres are emerging as the critical infrastructure powering the AI era.

By investing heavily in specialised high-density cooling systems and massive power infrastructure, billionaires and large corporations are positioning themselves to control the supply side of what could become the world's most valuable new commodity, computing power.

Let's dig deeper into this.

Top buzzing stocks today

Borosil share price will be in focus today.

Shares of Borosil dropped 6% on Wednesday, after oil marketing companies (OMCs) announced restrictions on the supply of LPG due to a force majeure situation arising from the ongoing West Asia conflict.

Jindal Steel shares will also be a top buzzing stock.

Jindal Steel and Power have announced that it has emerged as the preferred bidder for the Thakurani-A1 Iron Ore Block in Odisha. The block was auctioned by the state government as part of its mineral block auctions.

Aarti Industries Enters Multi-Year Agrochemical Supply Agreement

Shares of Aarti Industries came into focus after the company secured a multi-year supply contract worth around Rs 150 million (m) with a global agrochemical company.

The company said the new agreement converts its earlier annual supply arrangement into a long-term contract that will run until 31 March 2030. The deal will also involve a significant increase in supply volumes.

Under this contract, Aarti Industries will manufacture and supply a key agrochemical intermediate that is used in crop-protection products for agricultural markets around the world.

The company expects the agreement to generate around Rs 12,450 million (m) in revenue during the contract period, which will provide better revenue visibility in the medium to long term.

According to the company, the global agrochemical intermediates market has strong growth potential, driven by rising demand for crop-protection products and a growing preference for reliable long-term supply partners.

Renew Wind Cancels Supply Deal with Indo Tech

Indo Tech Transformers came into focus after the company informed that Renew Wind Energy (JAMB) cancelled an order for the supply of six transformers, citing project delays.

The cancelled order was for 6 units of 220 kV - 165 MVA transformers, with a total value of Rs 649.9 m plus taxes. The order had originally been placed on 8 January 2026 and was disclosed to the stock exchange on 9 January 2026.

Indo Tech said the cancellation will not have any impact, as manufacturing had not yet started. The company also stated that it still has a healthy order book.

In the last week, Indo Tech has received new orders worth around Rs 800 m from various renewable energy projects.

Founded in 1976 and based in Southern India, Indo Tech Transformers manufactures power, distribution, special application transformers, inverters, and converters. The company serves industries such as transmission, generation, hydro, wind, solar, steel, cement, textiles, utilities, and DESCOMS.

Samvardhana Motherson Acquires Stake in YGCL

Samvardhana Motherson International Limited has announced that through its wholly owned subsidiary, Motherson Global Investments B.V. (MGI B.V.), it has acquired 81% of the voting rights in Yutaka Giken Co., Ltd. (YGCL) and 11% stake in Shinnichi Kogyo Co., Ltd. (Shinnichi). YGCL is a Japanese company listed on the Tokyo Stock Exchange, while Shinnichi is a subsidiary of YGCL, with 62% ownership held by YGCL.

Earlier disclosures outlined the key steps of the acquisition, including obtaining regulatory approvals and completing procedures under competition laws in China, Brazil, Mexico, Japan, and the United States.

The tender offer was completed on 10 March 2026, and the results were announced on 11 March 2026. The settlement of the shares is scheduled for 17 March 2026.

To know what's moving the Indian stock markets today, check out the most recent share market updates here

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