Stocks to Watch on Monday, February 9: Max Estates, Emcure, Ritco, ACME Solar, BEML, TVS Motor and more

Stocks of several companies are likely to remain in focus on Monday following earnings updates, business developments, regulatory actions, capacity expansions and order wins.

Max Estates

Max Estates said it has achieved pre-sales of over Rs 1,900 crore in Gurugram so far this year and launched the Estate 361 residential project with a gross development value of about Rs 2,500 crore.

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Vidya Wires

Vidya Wires said its subsidiary ALCU Industries has commenced phased commercial production of winding and conductivity products at its manufacturing plant in Kheda district of Gujarat.

Advait Energy Transitions

Advait Energy Transitions said its subsidiary Advait Greenergy entered into non-binding agreements with three companies during India Energy Week for hydrogen storage, electrolyser technology and green hydrogen projects.

EIH Ltd

EIH Ltd said the Mumbai State Tax Department has imposed a penalty of about Rs 30 crore under the Maharashtra VAT Act for FY17, and the company is evaluating legal options.

Camlin Fine Sciences

Camlin Fine Sciences said a fire incident occurred at one of its blend plants in Brazil, leading to a temporary halt in operations until damage assessment is completed.

Emcure Pharmaceuticals

Emcure Pharmaceuticals said a fire broke out in the utility block of its Hinjawadi plant in Pune, resulting in a temporary shutdown of operations for 5–7 days.

Ritco Logistics

Ritco Logistics said it secured new contracts worth about Rs 82 crore during January.

ACME Solar Holdings

ACME Solar Holdings said its subsidiary ACME Eco Clean Energy has commissioned an additional 4 MW capacity at its 100 MW wind power project in Surendranagar, Gujarat.

BEML

BEML said it has approved an investment of about Rs 1,500 crore to set up a greenfield rail manufacturing plant near Umaria, Bhopal.

TVS Motor Company

TVS Motor Company said it has launched the TVS Ronin Top motorcycle and the TVS Ntorq Race Edition scooter in Egypt.

SML Mahindra

SML Mahindra reported year-on-year growth in January production, sales and exports of commercial vehicles.

Anant Raj

Anant Raj said it has entered into a partnership with Submer Technologies for AI infrastructure and data centre projects.

Cipla

Cipla said the Maharashtra GST department has completed search proceedings under Section 67 and the company has provided all required documents.

PFC

Power Finance Corporation said its board has approved the in-principle merger with REC after acquiring a 52.63 per cent stake in the company.

Aurobindo Pharma

Aurobindo Pharma said a USFDA inspection at its Telangana-based unit resulted in 11 observations.

Mahindra Lifespaces

Mahindra Lifespaces said Mitsubishi Electric India will invest Rs 2,100 crore at the Mahindra Industrial Park in Chennai.

PB Fintech

PB Fintech said reports regarding plans to raise $1 billion are factually incorrect and the company has no such proposal at present.

Jay Bharat Maruti

Jay Bharat Maruti said it will invest Rs 350 crore to set up two manufacturing plants in Haryana and Gujarat.

JK Tyre & Industries

JK Tyre & Industries said it will invest Rs 1,130 crore towards capacity expansion, with completion targeted by the second quarter of FY28.

JK Lakshmi Cement

JK Lakshmi Cement said its mine developer and operator agreement for limestone mines in Assam has been cancelled due to delays in the project.

Ashoka Buildcon

Ashoka Buildcon said its subsidiary has received an order worth Rs 846 crore in Saudi Arabia and another Rs 475 crore order in Bihar through a joint venture.

Anuh Pharma

Anuh Pharma said a USFDA inspection at its Palghar plant in Maharashtra found no observations.

NBCC

NBCC said it has received fresh orders worth Rs 39.5 crore.

SJVN

SJVN said its Rampur Hydro Power Station has achieved a generation milestone of 2,000 million units.