Overnight Digest: Stocks to Watch on Monday
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Indian markets ended higher as Thermax acquisition, RailTel order win, and Kamdhenu Ventures investment decision keep these stocks in focus for Monday trading.
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Indian benchmark indices, the Sensex and Nifty 50, ended higher on Friday, April 10, surging over 1 per cent and snapping a six-week losing streak. The rally was supported by optimism around the Iran ceasefire and ahead of U.S.-Iran talks.
The Nifty 50 closed 275.50 points higher, or 1.16 per cent, at 24,050.60, reclaiming the crucial 24,000 mark. The Sensex advanced 918.60 points, or 1.2 per cent, to settle at 77,550.75.
With this, let’s have a look at the stocks that will remain in focus on Monday:
Thermax Ltd has completed the acquisition of a controlling stake in Exactspace Technologies Private Limited, an artificial intelligence solutions company engaged in advanced industrial AI applications.The Group originally held a 10.41 per cent equity interest in Exactspace following an initial investment made on January 25, 2022. This stake was later increased by an additional 4.76 per cent during the year ended March 31, 2024.
As per earlier financial disclosures, the Group held a 15.17 per cent equity interest in Exactspace and accounted for the investment using the equity method.
Thermax Ltd closed at Rs 3,643, up Rs 107.90 or 3.05 per cent from its previous close of Rs 3,535.10.
RailTel Corporation of India Ltd
RailTel Corporation of India Ltd has secured a contract worth Rs 23.18 crore from the Goa Building and Other Construction Workers Welfare Board for the development of an exclusive online portal. The order, valued at Rs 23,18,08,625 (inclusive of Tax), involves the development of a dedicated digital platform for the welfare board. The project is domestic in nature and has been awarded by a government entity. As per the work order, the project is scheduled to be completed by June 8, 2026.
RailTel Corporation of India Ltd closed at Rs 285.80, up Rs 3.45 or 1.22 per cent from its previous close.
Kamdhenu Ventures Ltd has approved a significant investment in its wholly owned subsidiary, Kamdhenu Colour and Coatings Ltd, through a rights issue.
The decision was taken at the Board of Directors meeting held on Friday, April 10, 2026, where the company approved subscribing to 3,614 equity shares offered under a rights issue. The shares are priced at Rs 36,000 per share, comprising a face value of Rs 10 and a premium of Rs 35,990 per share. The total investment amounts to Rs 13,01,04,000 (Rupees Thirteen Crore One Lakh Four Thousand only).
As of the latest trading session, Kamdhenu Ventures Ltd’s share closed at Rs 5.60, up 0.14 or 2.56 per cent. The stock opened at Rs 5.62, touched an Intraday high of Rs 5.72, and a low of Rs 5.48. The previous close stood at Rs 5.46.
Disclaimer: The article is for informational purposes only and not investment advice.