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  1. Stocks to watchout: Jupiter Wagons, Asian Paints & more

Stocks to watchout: Jupiter Wagons, Asian Paints & more

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2 min read • Updated: March 7, 2024, 12:39 PM

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Indian markets rebounded strongly in yesterday’s trading session, reaching new lifetime highs, primarily driven by banking and IT stocks.

Indian Markets set to open marginally up

Today's market is expected to open positively, following global trends. The US markets closed higher after Fed Governor Powell's congressional speech, emphasizing the need for more confidence in inflation before considering rate cuts. In Asia, the Japan index is down by 0.77%, while Kospi and Hong Kong markets are trading flat to positive.

Here are key stocks to watch in today's trade:

Hindustan Aeronautics

The company signed an amendment to the LCA IOC Contract, revising its value from ₹2700.87 Crore to ₹5077.95 Crore.


After facing setbacks from the Supreme Court, the company is exploring all legal options to reopen the Sterlite plant in Tamil Nadu.

Jupiter Wagons

The company secured orders worth ₹956 crores from the Ministry of Railways for the supply of 2,237 BOSM Wagons, boosting its current order book to nearly ₹ 7700 crore.


Infosys renewed its partnership with ATP until 2026, focusing on driving AI-First innovations in professional tennis.

Asian Paints

The company's wholly-owned subsidiary, Asian Paints (Polymers) Private Limited (APPPL), will establish a manufacturing facility for Vinyl Acetate Ethylene Emulsion in Dahej, Gujarat, with a total investment of ₹ 2100 crore. Additionally, APPPL entered agreements with Gujarat Chemical Port Ltd to set up an Ethylene storage and handling facility in Dahej, Gujarat.

LIC India

Life Insurance Corporation increased its stake in LIC Mutual Fund to 44.61% from 40.9% through private placements, as reported in an exchange filing.