Stocks to Watch on March 7: RVNL, Brigade Enterprises, Kalpataru Projects, RITES and more

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RVNL | State-owned company said it has received a letter of acceptance from South Western Railway for an engineering, procurement, and construction (EPC) contract valued at ₹156.36 crore (including applicable taxes). The project involves the design, supply, erection, testing, and commissioning of a 2X25 KV overhead electrification (OHE) & power supply installation (PSI) system, along with electrical general services, engineering, and telecommunication works.

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Brigade Enterprises | Realty firm said it has launched Brigade Altius, a premium residential project in Sholinganallur, Chennai’s IT corridor. Spanning 6.5 acres with a total development area of 1.4 million square feet, the project features three signature towers rising 43 floors each to a height of approximately 143 metres, making it one of the tallest developments in the area.

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Kalpataru Projects | The company said the company, along with its international subsidiaries, has secured new orders and notifications of awards worth ₹2,306 crore. The fresh orders include transmission and distribution (T&D) projects in the overseas market and building projects in India.

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RITES | State-owned company said it has received a letter of acceptance (LoA) from South Central Railway for conducting the final location survey for high-speed elevated rail corridors between Hyderabad-Bengaluru and Hyderabad-Chennai. The contract, valued at ₹27.96 crore (excluding GST), involves preparing a detailed project report (DPR), final alignment design, traffic survey report, return on revenue (ROR) calculations, a detailed estimate, and EPC documents using advanced survey techniques such as airborne or terrestrial LiDAR.

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Bajaj Finserv | The company said its unlisted insurance subsidiaries, Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance, have reported their premium collections for February 2025. Bajaj Allianz General Insurance Company recorded a gross direct premium of ₹1,219 crore for February 2025, taking the total premium underwritten up to February 2025 to ₹20,006 crore. Bajaj Allianz Life Insurance Company reported new business premiums of ₹1,080.33 crore for February 2025. The total new business premium collected from April 2024 to February 2025 stood at ₹10,469.77 crore.

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Biocon | Biotechnology firm said its arm Biocon Biologics Ltd has entered into a strategic collaboration with Civica Inc, a not-for-profit pharmaceutical company, to enhance the accessibility and affordability of insulin aspart in the United States. Civica, founded in 2018, focuses on addressing life-saving drug shortages and reducing costs for essential medications.