Stocks to watch, March 28: BSE, Zomato, BPCL, Jio Financial Services, BEL, Samvardhana Motherson, JSPL, and more

At 08:06 AM, the GIFT NIFTY futures were trading 1 point lower at 23,752 levels. This suggests that the NIFTY50 index will open 26 points lower.

Global stocks fell for a second straight session, and gold hit a record high on Thursday after the latest tariffs from US President Donald Trump's administration that expanded the trade war to autos.

DSP MF, Kotak Mahindra Life Insurance, Copthall Mauritius Investment, and Oxbow Master Fund were also among the entities that picked up 55 lakh shares or a 1.59% stake in Max Financial Services, as per the block deal data on the NSE.

The shares were picked up by these eight entities at an average price of ₹1,112 apiece, taking the aggregate transaction value to ₹611.60 crore.

In a stock exchange filing, the company said it has "executed a Share Purchase Agreement (SPA) with REC Power Development and Consultancy Limited (RECPDCL) for acquiring 100 per cent equity shares of Mahan Transmission Limited (MTL)".

MTL is a ₹2,200 crore intra-state transmission project.

In a filing, AGEL said it has operationalised an aggregate 396.7 MW power project at Khavda in Gujarat through its wholly-owned step-down subsidiaries.

With the commissioning of these projects, its total operational renewable generation capacity has increased to 13,487.8 MW, AGEL said.

Earlier this month, the NSE had announced that it will shift the expiry date for Nifty index weekly derivative contracts from Thursday to Monday, effective April 4. The change was also to apply to Nifty's monthly, quarterly, and half-yearly contracts.

Besides, the National Stock Exchange could face a potential delay of up to two years in launching its initial public offering (IPO), following a detailed letter from the Securities and Exchange Board of India that flagged shortcomings, according to news reports.

With these, BEL has now accumulated orders totalling ₹18,415 crore in the current financial year.

However, impact (if any) going forward depends on various inclusion(s) / exclusion(s) of product(s), component(s), territory(ies), tariff(s), etc., forming part of said Executive Orders, as may be notified or amended, it added.

New York-based KKR offloaded shares in four separate transactions on the National Stock Exchange (NSE). KKR-affiliate Tau Investment Holdings Pte is the promoter of JB Chemicals & Pharmaceuticals.

As per the bulk deal data, Tau Investment Holdings sold a little over 89.83 lakh shares, amounting to a 5.78% stake in Mumbai-based JB Chemicals & Pharmaceuticals.

The shares were disposed of in the price range of ₹1,625 - ₹1,625.34 apiece, taking the combined deal value to ₹1,459.84 crore.

The total approximate cost of setting up the said facilities was expected to be ₹2,560 crore.

Additionally, the company's board has approved an additional capex cost of ₹690 crore on account of pre-operative expenses and certain escalations in project costs. The aggregate project cost now stands at ₹3,250 crore.

This is a partially explored block with estimated geological resources at 3,257 million tonnes. The mine is located close to the Angul steel plant in proximity to the Utkal C, Utkal B1 and Utkal B2 mines. The mine is located at around 11 km aerial distance from the Angul steel plant.