Stocks to Watch on Friday
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From a Rs 207.47 crore renewable energy order to Hyundai’s price hike revision and NTPC’s solar expansion, these stocks could drive Friday’s market action.
✨ Key Takeaways
Indian equity benchmark indices ended marginally lower on Wednesday, May 27, as investor sentiment remained cautious amid concerns over the fragile U.S.-Iran truce and weakness in heavyweight financial stocks. However, gains in metal shares helped limit the downside in domestic markets.
Indian markets remained closed on Thursday on account of Bakri Eid. Meanwhile, global equity markets witnessed broad-based weakness, making Friday’s opening session crucial for domestic investors.
Against this backdrop, several stocks are likely to remain in focus on Friday following key corporate developments.
Enviro Infra Engineers Ltd informed exchanges that its step-down subsidiary, Suyog Urja Ltd, has secured a major renewable energy project contract.
According to the company’s filing, Suyog Urja Ltd has received an order worth Rs 207.47 crore excluding GST from CGE 30 Hybrid Energy Private Ltd.
The contract involves land aggregation and development along with Balance of Plant (BoP) works for a hybrid renewable energy project comprising wind and Solar components. The scope of work includes civil and electrical infrastructure, supply of cranes for wind-operated electric generator installation, storage handling, evacuation facilities, testing, commissioning and other enabling works.
Hyundai Motor India Ltd will also remain on investors’ radar after the automaker announced a revision in the implementation timeline of its planned price hike.
The company stated that the proposed increase in vehicle prices will now come into effect from June 1, 2026, instead of the earlier communicated timeline.
Hyundai said the price increase would be up to a maximum of Rs 12,800 depending on the model and variant. The company attributed the hike to rising input costs, higher commodity prices and increasing operational expenses.
The move comes at a time when several automobile manufacturers are grappling with cost pressures amid volatile raw material prices.
3. NTPC Ltd
NTPC Ltd announced the commissioning of the final phase of its Khavda-II Solar PV Project in Gujarat.
The company informed exchanges that NTPC Renewable Energy Ltd, a wholly-owned subsidiary of NTPC Green Energy Ltd, has declared commercial operation of the eighth and final 105 MW phase of the 1,200 MW project with effect from 00:00 hours on May 28, 2026.
Following the latest addition, the total installed capacity of NTPC Green Energy Ltd Group has increased from 10,516.40 MW to 10,621.40 MW.
Disclaimer: The article is for informational purposes only and not investment advice.