Stocks To Watch Today: MobiKwik, Tata Steel, Sobha, RVNL, M&M And More

One Mobikwik Systems Ltd., Tata Steel Ltd., Sobha Ltd., Mahindra & Mahindra Ltd. and Rail Vikas Nigam Ltd. are among key stocks to watch on Wednesday.

• One Mobikwik Systems: The digital payments provider clarified a typographical error in its submission of unaudited financial results for the quarter and half-year ended Sept. 30, 2024.

• Tata Steel: The company's production in India grew 6% year-on-year to 5.68 million tonnes on the back of commissioning of the blast furnace of 5 million tonnes per annum at Kalinganagar, Odisha, in September.

• Sobha: The company reported a 29% year-on-year decline in total sales at Rs 1,388.6 crore. On the other hand, average price realisation rose 16.5% to Rs 1,366 crore against Rs 1,173 crore reported in the same period last year.

• Signatureglobal (India): The company reported a more than two-fold jump in sales bookings to Rs 2,770 crore on the back of better demand for its housing project in Gurugram.

• Akzo Nobel, Berger Paints: Both companies have clarified that there is no development to disclose regarding any acquisition of stake. This follows reports suggesting that Berger Paints may be looking to buy Akzo Nobel's stake.

• RVNL: The company has signed a MoU with Dubai-based GBH International Contracting LLC to explore business opportunities in the civil infrastructure sector across GCC countries.

• Mankind Pharma: The company has pledged its remaining 56.31% stake in its arm, Bharat Serums, in favor of Catalyst Trusteeship.

• Tata Technologies: The company has signed a MoU with Telechips to innovate solutions for next-generation software-defined vehicles.

• Mahindra & Mahindra: The company has announced the pricing for the top-end variants of its upcoming electric sports utility vehicles, with an aim to clock sales of 5,000 units per month from the get-go.

• Exicom Tele-Systems: The company has signed a Memorandum of Understanding with Mufin Green Infra to develop EV charging infrastructure.