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Indian markets snapped a three-day losing streak on Wednesday, led by gains in banking and metal stocks. Amid improving sentiment, Bajel Projects, Jio Financial Services and Yatharth Hospital are expected to remain in focus following major corporate announcements.
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Indian equity benchmark indices ended marginally higher on Wednesday, May 13, supported by gains in private Banking and metal stocks. However, rising crude oil prices amid continued tensions in the Middle East capped the upside in the domestic market.
The recovery comes after a three-session decline in the benchmark indices. Amid improving market sentiment, several stocks are likely to remain in focus during Thursday’s trading session.
Bajel Projects Limited said it has secured a major order for the Construction of a 400kV transmission line under the Bellary–Davanagere renewable energy evacuation scheme.
According to the company, the project involves the construction of a 400kV transmission line from Bellary to Davanagere. The order falls under the company’s “major order” category, which ranges between Rs 200 crore and Rs 300 crore.
The execution timeline for the project is 21 months from the date of issuance of the notification of award. The order is expected to strengthen the company’s presence in the power transmission infrastructure segment.
Jio Financial Services Ltd and Allianz have incorporated a joint venture company named “Jio Allianz General Insurance Ltd” (“JAGIL”) on May 12, 2026, to carry on the business of general insurance (which includes health insurance) in India, subject to regulatory approvals.
The company said it will invest Rs 4.95 crore towards the initial subscription of 49.50 lakh equity shares having a face value of Rs 10 each.
The development marks Jio Financial Services’ entry into the insurance segment and is expected to expand its financial services offerings.
3. Yatharth Hospital & Trauma Care Services Ltd
Yatharth Hospital & Trauma Care Services Ltd announced the acquisition of an under-construction 250-bed hospital located in Sector 40, Gurugram.
The company said the acquisition marks a key step in its expansion strategy across the Delhi-NCR healthcare market. The proposed facility is expected to strengthen the company’s presence in one of North India’s fastest-growing healthcare regions.
Yatharth Hospital operates a network of super-specialty hospitals across North India and has been focusing on capacity expansion to support future growth.
Disclaimer: The article is for informational purposes only and not investment advice.