Stocks to Watch Tomorrow

Indian benchmark indices extended their winning streak on Wednesday, June 17, with the Nifty 50 and Sensex ending more than 0.40 per cent higher. The Nifty 50 has now advanced for four consecutive sessions, gaining nearly 5 per cent during the period, aided by easing crude oil prices following the recent U.S.-Iran peace agreement.

Against this backdrop, several stocks are expected to remain in focus on Thursday after announcing significant business developments.

1. Kirloskar Ferrous Industries Ltd

Kirloskar Ferrous Industries Ltd informed exchanges that it has secured an international export contract from a buyer based in London, United Kingdom.

Under the agreement, the company will supply 30,000 metric tonnes, with a variation of plus or minus 5 per cent, of basic grade pig iron on a free-on-board basis. The contract is backed by a letter of credit payable at sight.

The order is valued at approximately USD 13.51 million and is scheduled to be executed with the final shipment expected by August 15, 2026. The deal is expected to strengthen the company's export business and support revenue visibility in the coming quarters.

2. RailTel Corporation of India Ltd

RailTel Corporation of India Ltd has received a Letter of Intent for a major technology infrastructure project.

The company has been selected for the supply, installation, integration and commissioning of disaster recovery IT infrastructure at a Ministry of Electronics and Information Technology empanelled cloud service provider data centre. The project also includes five years of operation and maintenance services.

The estimated value of the order stands at Rs 52.57 crore, including Taxes. The project is scheduled for completion by January 12, 2027. The order further reinforces RailTel's growing presence in the digital infrastructure and government technology solutions segment.

3. Waaree Renewable Technologies Ltd

Waaree Renewable Technologies Ltd announced an enhancement in the scope of work under an existing engineering, procurement and Construction contract for a large Solar power project.

The revised scope relates to the execution of a 980 MWp/700 MWac solar power plant for one of India's leading renewable energy companies. Following the revision, the contract value has increased by Rs 30.91 crore.

As a result, the total value of the project now stands at Rs 1,044.69 crore, inclusive of taxes. All other terms and conditions of the agreement remain unchanged. The development highlights the company's strong execution pipeline and growing Order Book in the renewable energy sector.

Disclaimer: The article is for informational purposes only and not investment advice.