3 weeks ago
A day in motion for Indian companies today as corporate India showcased a flurry of strategic partnerships, financial milestones, and expansion moves. ONGC inked a crucial pact with Japan’s MOL to deepen petrochemical logistics. UCO Bank, Suryoday Small Finance Bank, and Bajaj Housing Finance posted strong lending and AUM growth, signaling continued credit demand. NBCC added fresh government contracts to its portfolio, and Reliance Retail extended its reach into beauty and wellness through a stake in UK’s FaceGym. On the power front, IEX logged robust electricity trading gains, and InterGlobe Aviation brought in policy veteran Amitabh Kant to steer its international ambitions. Here are the key stocks to watch ahead of Friday's session.
By Megha Rani July 3, 2025, 10:17:19 PM IST (Published)
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Oil and Natural Gas Corporation Ltd | ONGC has entered into a strategic heads of agreement with Japan’s Mitsui O.S.K. Lines Ltd (MOL) to build, own, and operate two Very Large Ethane Carriers (VLECs). These carriers will transport imported ethane to ONGC Petro Additions Ltd (OPaL) for captive petrochemical use. The partnership underscores ONGC’s focus on strengthening ethane logistics infrastructure and global energy collaboration, pending board-level approval.
2 / 11
Vedanta Ltd | The company posted a mixed Q1 FY26 performance. While some segments declined, Lanjigarh Refinery delivered record alumina output at 587 kt (up 9% YoY, 36% QoQ), and ferro chrome production surged 150% QoQ, driven by a 66% jump in ore output.
3 / 11
Bank of Baroda | The bank has reported a 10.7% YoY growth in global business, reaching ₹27.43 lakh crore as of June 30, 2025, in its Q1 FY26 update. Within this, global advances rose 12.6% YoY to ₹12.07 lakh crore, while global deposits grew 9.1% YoY to ₹14.36 lakh crore, reflecting steady expansion across its banking operations.
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UCO Bank Ltd | The bank reported a 13.7% year-on-year growth in total business for the quarter ending June 30, 2025, reaching ₹5.24 lakh crore. Advances grew 16.6% YoY to ₹2.25 lakh crore, with sequential growth of 2.3%. The performance highlights strong momentum across both credit and deposit segments.
5 / 11
NBCC (India) Ltd | NBCC has secured new work orders valued at approximately ₹65.73 crore. The contracts include project management consultancy (PMC) services for multiple building developments, such as external works at the Energy Institute in Bengaluru. These fresh orders reinforce NBCC's execution pipeline in government infrastructure projects.
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Reliance Industries Ltd | RIL's retail arm, Reliance Retail Ventures Ltd (RRVL), announced a strategic minority investment in UK-based FaceGym, a facial fitness and skincare brand. The move strengthens RRVL’s footprint in the beauty and wellness sector. Tira, Reliance Retail’s beauty platform, will spearhead FaceGym’s India launch and market development.
7 / 11
Indian Energy Exchange Ltd | IEX reported a 15% year-on-year rise in electricity traded volumes in Q1 FY26, reaching 32,382 million units (MU). Strong performances in the Real-Time Market (RTM) and Green Market segments drove growth, with respective YoY increases of 41% and 51%, reflecting rising demand across sectors.
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ICICI Lombard General Insurance Co Ltd | The company said that the Bombay High Court has nullified a GST demand order amounting to ₹1,728.86 crore. The court directed the adjudicating authority to re-evaluate the case, taking into account the GST Council’s guidance and applicable circulars, offering the insurer a fresh hearing in the matter.
9 / 11
InterGlobe Aviation Ltd | The parent company of IndiGo has appointed Amitabh Kant as a non-executive director to its board, pending regulatory and shareholder nods. Kant’s policy and infrastructure expertise is expected to support IndiGo’s global expansion strategy.
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Bajaj Housing Finance Ltd | The company has reported a 22% YoY jump in gross disbursements to ₹14,640 crore for Q1 FY26. AUM rose 24% to ₹1.20 lakh crore, with a ₹5,716 crore increase over the previous quarter.
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Suryoday Small Finance Bank | The bank posted a 20% YoY rise in gross advances to ₹10,846 crore for Q1 FY26, with disbursements up 30% to ₹2,261 crore, signalling strong credit demand across segments.
