Stocks to watch, March 6: Kwality Wall's, Fractal Analytics, Jio Financial Services, Dr Reddy's, Titagarh Rail Systems, CG Power

Stocks to watch, March 6: Indian stock markets are expected to open in the negative territory on Friday, March 6. According to GIFT NIFTY futures, the NIFTY50 index will likely open 0.7% lower.

The consolidated revenue from operations surged by about 21% to ₹854 crore in Q3 FY26, from ₹707 crore in the December 2024 quarter.

"We delivered a great quarter, improving across nearly every metric. Our best-in-class organic growth, gross margins, and high client retention reflect the strength of our enterprise AI capabilities and the trust our clients place in us," Srikanth Velamakanni, Group CEO and Executive Vice-Chairman, Fractal Analytics, said.

"The investment is a related party transaction and is on an arm's length basis. None of the company’s promoter / promoter group / other group companies have any interest in the above investment. No governmental or regulatory approval is required for the above transaction," it said.

The strategic divestment is focused on stemming the financial drain on the Indian parent company, as Firema had been incurring substantial losses despite repeated cash infusions from Titagarh Rail Systems over the last few years.

"CGS has entered into a Conditional Shares Purchase Agreement with PLNE today i.e. 5th March, 2026, wherein PLNE has agreed to purchase the shares representing 51% of the paid-up share capital held by CGS of CPSI for a consideration of IDR1 (One Indonesian Rupiah)," the firm said. The expected date of completion of the sale is March 31, 2026.