Stocks to watch today: IRCTC, IEX, Bharti Airtel, Inox Wind, ASK Automotive, and Prestige Estates in focus amid key developments

The Indian stock market is set to witness action in several sectoral stocks today, with major updates spanning across industries such as telecom, energy, real estate, and finance. Here’s a look at some of the key developments driving these stocks.

IRCTC has been upgraded to Navratna CPSE status by the Government of India, making it one of the top-tier public sector enterprises. This milestone is expected to grant the company enhanced financial and operational flexibility, bolstering its future growth prospects.

IEX (Indian Energy Exchange) reported a 9% year-on-year growth in electricity traded volume, reaching 9,622 Mu in February 2025. The Green Market segment surged by 85%, indicating strong demand for renewable energy trading, which is a positive indicator for the stock.

Bharti Airtel is making headlines as reports suggest that the telecom giant is considering IPOs for its Payments Bank and data center units. This strategic move aims to unlock shareholder value and strengthen its financial position, making it a potential long-term growth driver.

Inox Wind received a positive rating revision from CRISIL, which upgraded its long-term bank facilities outlook from ‘Stable’ to ‘Positive’. The improved rating reflects better financial stability and operational performance, which could influence investor sentiment positively.

ASK Automotive announced a Technical Assistance and License Agreement with Kyushu Yanagawa Seiki Co., Ltd. for cast wheel production. The collaboration is expected to improve manufacturing capabilities and technological advancements, strengthening ASK Automotive’s position in the industry.

On the downside, Prestige Estates is under scrutiny as the Income Tax Department has conducted a search at its offices. This development could impact investor sentiment and raise concerns regarding regulatory compliance, making it a negative indicator for the stock.

Additionally, RBL Bank is facing an ongoing GST investigation, with authorities conducting a search at three of its offices in Maharashtra, which could affect stock performance negatively.

Overall, today’s stock market is set to react to these key corporate developments, influencing movements in various sectors.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors are advised to conduct their own research before making any financial decisions.

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