Stocks to Watch, March 12: Wipro, Bharat Forge, Adani Enterprises, oil-linked stocks, Borosil, Jubilant Food, Relaxo Footwears

In a regulatory filing dated March 11, the Bengaluru-based firm stated that it signed the contract for the business and technology modernisation of TruStage’s retirement services business.

Under the partnership, Wipro will transform TruStage’s core retirement services operations and technology stack through an integrated approach that will deliver “seamless digital experiences, business agility, and increased efficiencies”.

The aggregate value under the cancelled order is ₹64.99 crore, plus applicable taxes.

The company held the groundbreaking ceremony for the new battery pack manufacturing facility at Pillaipakkam near Chennai, Ashok Leyland said in a regulatory filing dated Wednesday.

The project would incur an investment of ₹400-500 crore and is part of the Hinduja Group's investments under an earlier Memorandum of Understanding (MOU) signed in September 2025, it said.

These orders include 380 kV transmission lines, substations, and EHV cabling (composite order) in Saudi Arabia, as well as 132 kV transmission lines in Africa, a company statement said.

According to the statement, orders include the supply of towers in India and the Americas, as well as the supply of hardware and poles in the Americas.

"In view of the above, the production activities at the company's Borosilicate Glass Furnace for Pressware Products and its Opal Glass Furnaces, all located in Jaipur, Rajasthan, have been impacted. While production at the borosilicate glass furnace has been temporarily suspended, the opal glass furnaces have been operating at lower capacities," the company said.

Besides, the aerospace division of Bharat Forge Ltd on Wednesday inaugurated a state-of-the-art landing gear components machining facility in Mundhwa, Pune (India), developed in collaboration with Liebherr-Aerospace & Transportation SAS.

"This milestone positions Bharat Forge among the first companies in India, and one of the first at scale, to operate OEM-approved landing gear component machining capabilities. It integrates advanced machining centres dedicated to high-precision landing-gear components and marks a significant step towards advancing India’s aerospace manufacturing ecosystem and strengthening the country’s role in global aerospace supply chains," it added.

ADSTL already holds 85.76% in Air Works, and this acquisition has increased ADSTL's stake in Air Works to 99.98%.

ADSTL stands for Adani Defence Systems and Technologies.

Relaxo Footwears: Prince Jain, Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of the company, has tendered his resignation from his position with immediate effect, i.e., from the closure of business hours on Wednesday, March 11, 2026.