Stocks To Watch Today: ACME Solar, Gravita India, Kalpataru, Raymond Realty

Weak Global Cues Signal Soft Market Start

Indian equity benchmarks are likely to begin Friday’s session under pressure following declines across global markets. According to market data cited by Reuters, major indices in the Asia-Pacific region traded lower as crude oil prices surged amid concerns about disruptions to global energy supplies linked to tensions in the Middle East.

The international benchmark Brent crude rose 9.22% to settle at $100.46 per barrel on Thursday, marking its first close above $100 since August 2022, according to Reuters. Rising oil prices raised concerns about inflation and global economic growth.

In Asia, South Korea’s Kospi declined 3%, Japan’s Nikkei 225 fell 2%, and Australia’s S&P/ASX 200 slipped 0.3% during Friday’s trading session, based on exchange data reported by Reuters.

Overnight in the U.S., equity markets also ended lower. The S&P 500 dropped 1.52%, the Nasdaq Composite declined 1.78%, and the Dow Jones Industrial Average fell 1.56%, according to Reuters.

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ACME Solar Commissions Battery Storage Capacity

ACME Solar Holdings announced that its wholly owned subsidiary, ACME Sun Power, has commissioned the second phase of its battery energy storage system (BESS) project in Rajasthan.

The newly operational phase adds 33.335 MW / 160.51 MWh of capacity from the total planned project size of 300 MW / 1,409.34 MWh located in Phalodi and Jodhpur. The commercial operation date for Phase II is scheduled for March 14, according to the company’s regulatory filing.

Following the commissioning, ACME Sun Power’s total operational capacity in the project stands at 66.67 MW / 320.99 MWh.

Gravita India To Acquire Rashtriya Metal Industries

Gravita India said it has signed definitive agreements to acquire a 98.95% stake in Rashtriya Metal Industries for ₹559.08 crore.

The company stated in its exchange filing that the acquisition is expected to be completed by March 31, 2026.

Kalpataru Signs Redevelopment Project In Mumbai

Real estate developer Kalpataru has secured a redevelopment project for Shree Mahalakshmi CHS located off Veera Desai Road in Andheri West, Mumbai.

According to the company’s disclosure to stock exchanges, the project covers around 3 acres and has a total potential carpet area of about 0.4 million sq. ft. The estimated gross development value of the project is around ₹1,400 crore.

Raymond Realty Subsidiary Receives Tax Notice

Raymond Realty informed the exchanges that Ten X Realty Limited, a material subsidiary of the company, has received a show cause notice from the Office of the Assistant Commissioner of Income Tax, Central Circle 8(1), Mumbai.

The notice is regarding a survey done on September 25, 2025, under Section 133A of the Income Tax Act, 1961. The income tax department identified certain allegations during the survey, according to the company’s filing.

These corporate developments and global market signals are expected to impact the trading session on Friday.