Stocks to watch, April 13: Swiggy, LIC, HUDCO, IRFC, Ather Energy, M&M, OMCs, ONGC, IndiGo, TCS

Crude oil prices in the global market surged past $102 per barrel (bbl) during the early market hours on Monday, April 13, 2026, after US President Donald Trump disclosed that the US-Iran talks had failed over the weekend and the United States was planning to blockade the marine traffic at the Strait of Hormuz.

Obul has resigned as Whole-Time Director, Head of Innovation, with effect from April 10, 2026, to pursue other professional interests, Swiggy said in a regulatory filing.

All electric cars with an ex-showroom price of ₹30 lakh or less registered in the national capital will be granted 100% exemption on road tax and registration fees till March 31, 2030, according to the Delhi government's new draft electric vehicle (EV) policy released on Saturday.

The draft Delhi Electric Vehicle Policy 2026-2030, uploaded on the transport department's website, also proposes a 50% exemption for strong hybrid EVs.

"Electric cars with an ex-showroom price above ₹30 lakh registered in Delhi shall not be granted any exemption from road tax and registration fees," the draft stated.

From January 1, 2027, new registrations of only electric three-wheelers shall be permitted in Delhi, it said.

1. Redevelopment of a leasehold plot measuring approximately 18830 sq m at Block No. 25, August Kranti Bhawan, Bhikaji Cama Place, New Delhi. The broad areas include techno-economic feasibility studies, construction and project management, monetisation of built-up space, etc.

2. Undertaking asset monetisation activities for NBCC’s self-sustainable model projects. With the permission of the Government of India, HUDCO shall provide funds for the ongoing and upcoming projects of NBCC’s self-sustainable model. NBCC shall provide project management and consultancy services.

Accordingly, an incentive amount of ₹37,50,00,000 has been disbursed to the company under the PLI scheme.

According to its latest operational update, Signature Global's net debt was ₹200 crore at the end of 2025-26 against ₹880 crore as of March 31, 2025.

"The company has ₹2,770 crore of cash and cash equivalents as of March 31, 2026, which enables a very strong balance sheet position to strategise our foreseeable future," the company said.

Signature Global, which was the fifth-largest listed real estate firm in 2024-25 in terms of sales bookings, has a significant presence in Gurugram.

Recently, Signature Global and the RMZ group finalised their equal joint venture to develop a commercial project in Gurugram, with the latter infusing ₹1,293 crore for a 50% stake.

The largest information technology services company had hired 44,000 freshers in FY26, one of the highest by any private sector employer in the country, despite the headwinds it faced.

"We have made 25,000 offers to freshers for FY27. Clarity on demand will lead to more hiring," its chief executive and managing director, K. Krithivasan, told PTI in an interview over the weekend.

When asked if the company will up its dependence on lateral hires and if the delivery model has undergone any change, he replied in the negative.

The company said it has chosen not to pass on the increase, warning that doing so could trigger a cascading impact across sectors reliant on coal.

It is also compensating contractors operating in its mines for higher diesel costs.

Prices of ammonium nitrate – a key component accounting for about 60% of explosives used in opencast mining – have risen 44% to ₹72,750 per tonne as of April 1 from pre-war levels. This has pushed up the average cost of explosives by around 26% to nearly ₹49,800 per tonne by end-March.

Maruti Suzuki marked a milestone in its electric vehicle journey by delivering 108 units of its e-VITARA to customers in a single day at a handover ceremony held here, underscoring the growing customer trust in the country's largest carmaker as it accelerates its transition toward cleaner mobility, Partho Banerjee, Senior Executive Officer, Marketing and Sales, MSIL, said.

“We have announced in our midterm plan that by 2031, we are going to have four more electric vehicles in our portfolio, and obviously, we will have to play across the sectors. So, everything is there in the pipeline,” he told reporters.

He further said that by 2031, MSIL aims to become the number one player in the BEV market and that the carmaker will play it as per the market.

The government hiked the windfall tax to ₹42 a litre on aviation fuel from an earlier ₹29.5 a litre. The government had, on March 26, imposed an export duty of ₹21.50 a litre on diesel and ₹29.50 a litre on Aviation Turbine Fuel (ATF). The duties were levied to increase domestic availability of the fuel amid the war in West Asia.

In a notification on April 11, the finance ministry said that the duty hikes would be applicable with immediate effect.

"The company has acquired a piece of land measuring 28.55 acres (approximately) on an outright purchase basis in Pune, Maharashtra," Ashiana Housing said in a regulatory filing.

"This is the largest-ever land deal by the company for the development of a senior living project. The approximate saleable area is 20 lakh sq ft with a sales value potential of ₹1,800 crore," it added.

Ankur Gupta, JMD of Ashiana Housing, said the company was looking for land parcels in this area to cater to the huge demand for senior homes.

The MoUs were signed by Singhal Steel & Power Pvt Ltd and SCOT-AL Metcon Pvt Ltd.

The agreements were signed here in the presence of Odisha Industries Minister Sampad Chandra Swain and Additional Chief Secretary Industries Hemant Sharma.

A statement issued by the company said that the Vedanta Aluminium Park in Jharsuguda aims to promote value addition and support the growth of MSMEs while cementing Odisha's position as a global aluminium hub. The initiative is expected to attract fresh investments of over ₹500 crore and create around 1,500 direct and indirect employment opportunities.

On December 26, 2025, Coforge announced its intent to acquire Encora to create a $2.5 Bn AI-native tech services firm with a $2 Bn data, AI-led engineering and cloud-based services core.

Mahindra Overseas Investment Company (Mauritius) Ltd (MOICML), a wholly owned subsidiary of the company, along with its wholly owned subsidiary, Erkunt Traktor Sanayii Anonim Sirketi (Erkunt Traktor), has on April 10, 2026, entered into a stock purchase agreement (SPA) with a consortium led by Hisarlar Makina Sanayi, Mahindra & Mahindra (M&M) said in a regulatory filing.

Under the SPA, MOICML and Erkunt Traktor have agreed to sell their entire stake, aggregating to 99.04% of the shareholding in Erkunt Sanayi Anonim Sirketi (Erkunt Foundry) to the consortium of Hisarlar Makina Sanayi ve Ticaret AS, Oguzhan Sahinkaya, and Bunyamin Sarioglu, it added.

The exit of the foundry business is in line with the capital allocation framework of the company, M&M said.