Stocks to Watch: Shares of several companies will remain in focus on Thursday (July 10) including state-owned Gail India, RailTel, Reliance Power, Bharti Airtel, and more. On Wednesday, stock markets closed lower due to selling in IT and oil & gas shares as investors turned cautious ahead of the start of earnings season and mixed global trends.
Dragged by late selling, the 30-share BSE Sensex fell by 176.43 points or 0.21 per cent to settle at 83,536.08. During the day, it lost 330.23 points or 0.39 per cent to 83,382.28. The 50-share NSE Nifty declined 46.40 points or 0.18 per cent to end at 25,476.10.
Gail India
Gail India has extended its gas sale and purchase agreement with Oil India for another 15 years, reports Reuters. As per the agreement, which is effective July 1, up to 900,000 standard cubic meters per day of natural gas will be supplied from Oil India’s Bakhri Tibba block in the western state of Rajasthan to a power plant operated by the state’s electricity generation company.
Vedanta
Shares of Vedanta Ltd will remain in focus on Thursday (July 10) after US short seller Viceroy Research released a report charging billionaire Anil Agarwal’s mining conglomerate to be “financially unsustainable” and posing a severe risk to creditors. According to PTI, Viceroy said it was shorting the debt stack of Vedanta Resources, the parent company and majority owner of Mumbai-listed Vedanta Ltd.
RailTel
RailTel Limited has received Rs 17.47 crore order from General Administration Department (Gad),
Chhattisgarh. The railway firm will be responsible for Network Connectivity, Operation & Maintenance (O&M), Hardware Procurement & Commissioning Implementation of revamped integrated communication WLAN LAN EPBAX Infrastructure.
Enviro Infra Engineers
Enviro Infra Engineers Ltd has entered into a JV agreement with AltoraPro Infrastructure Private Limited. The JV gets contract valued at Rs 395 crore from Maharashtra Industrial Development Corporation (MIDC).
Reliance Power
On Wednesday (July 9), Reliance Power, in an exchange filing, informed that its subsidiary – Reliance NU Suntech Private Limited, had challenged the notice issued by Solar Energy Corporation of India Limited in High Court of Delhi seeking a stay on the proposed termination of its power purchase agreement.
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“The Hon’ble High Court of Delhi was pleased to grant the maintenance of status quo between parties and has restrained Solar Energy Corporation of India Limited from taking any coercive actions,” it said in a regulatory filing.
Bharti Airtel
Bharti Airtel and Ericsson on Wednesday announced a new agreement to support the telco’s rollout of Fixed Wireless Access (FWA) services in India with core network portfolio, deepening a long-standing partnership between the two companies. The deployment will enhance Airtel core capability and capacity for FWA, thereby elevating customer experience for Airtel FWA users, according to a release.
Prestige Estates
Realty firm Prestige Estates Projects Ltd on Wednesday reported a 4-fold jump in its sales bookings to Rs 12,126.4 crore in the first quarter of this fiscal, mainly on strong demand for its housing project in Ghaziabad. The company’s sales bookings or pre-sales stood at Rs 3,029.5 crore in the year-ago period. In a regulatory filing, the company informed that it has “kicked off FY26 with its strongest quarterly performance to date, clocking an all-time high of Rs 12,126.4 crore in sales in the quarter ended June 30, 2025 (Q1 FY26), marking a 300 per cent growth over the same period last year”.
Crizac
Shares of student recruitment solutions provider Crizac Ltd made its market debut at Rs 280, a jump of 14.28 per cent from the issue price on the BSE. Later, it zoomed 25.69 per cent to Rs 307.95. Shares of the firm finally ended at Rs 307.45 apiece, up 25.48 per cent.
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