Stocks in focus: Wipro, Dr Reddy's, Tata Steel, Tejas Networks, SAIL

Following positive global cues, Indian markets experienced a rebound on Friday. Several companies, including Wipro, Dr. Reddy's, Tata Steel, and SAIL, are attracting attention due to recent news. Godrej Properties is expanding its presence in Hyderabad, while Nestle India has a new HR head. Tata Steel has capacity expansion plans, and SAIL reported increased sales. Tejas Networks has secured contracts related to rural broadband.

The market's rebound on Friday saw gains exceeding 0.5%, supported by favorable global market trends. Technically, analysts suggest that the Nifty index has surpassed the 25,950 mark, which corresponds to the 20-day DEMA (Dynamic Exponential Moving Average). Maintaining this level is seen as crucial for continued recovery and a move towards record highs.

Ajit Mishra, SVP of Research at Religare Broking, suggests focusing on specific stocks, particularly in the banking, auto, metal, and pharma sectors, while also exploring opportunities in other areas.

**Company-Specific News**

• Godrej Properties:** The company has sold ₹2,600 crore worth of housing in its first year in Hyderabad and intends to further expand its business in the city, citing significant growth potential. Godrej Properties entered the Hyderabad market in January with its first project in Kokapet.
• Nestle India:** Nitu Bhushan, formerly the Chief Human Resources head at Pernod Ricard, has been appointed as the Head of Human Resources for Nestle India, effective March 2, 2026. Global management consulting firm Egon Zehnder International facilitated the appointment.
• Tata Steel:** Tata Steel is planning to increase its capacity in India by nearly 50%. This expansion aims to protect its market share in the growing Indian steel market, ensure raw material security, and facilitate entry into western India. Analysts believe that the capital expenditure for this expansion will be funded primarily through internal accruals, thus maintaining a healthy balance sheet, despite expected near-term weakness in steel prices.
• SAIL:** The Steel Authority of India Ltd. (SAIL) reported a 14% year-on-year increase in sales, reaching 12.7 million tonnes between April and November 2025. This is compared to 11.1 million tonnes during the same period the previous year, despite price pressures and demand volatility.
• Tejas Networks:** Tejas Networks, a Tata Group company, has been awarded contracts to supply IP routing equipment for seven of the twelve BharatNet Phase III packages announced so far. This makes them the largest supplier for this government rural broadband initiative. The company will deploy over 50,000 TJ1400 routers, which are designed in India, across 57,000 gram panchayats and 2,000 blocks in nine states and five union territories, including Bihar, Karnataka, Kerala, Madhya Pradesh, and some northeastern states.
• Biocon:** Biocon Biologics has entered into a settlement and license agreement, allowing it to commercialize its biosimilar Aflibercept across the globe. This follows a previous settlement that covered the US and Canada. The agreement allows for the launch of YESAFILI in the UK in January 2026, and in other settled countries by March 2026, or possibly earlier under certain conditions.
• Wipro:** Wipro is strengthening its partnership with Google Cloud to improve enterprise productivity and promote global digital transformation using Gemini Enterprise. Wipro will implement Gemini Enterprise across its core functions, including finance, HR, sales, delivery, and customer support, to accelerate decision-making, improve operational efficiency, and enhance employee experience.
• Dr. Reddy's:** The USFDA (United States Food and Drug Administration) conducted a GMP (Good Manufacturing Practice) and a Pre-Approval Inspection (PAI) at Dr. Reddy's formulations facility (FTO-SEZ PU01) in Andhra Pradesh from December 4th to December 12th, 2025. Following the inspection, the regulator issued a Form 483 with five observations, which the company plans to address within the given timeframe.
• Narayana Hrudayalaya:** The Board of Directors has approved a scheme of arrangement between NH Integrated Care Private, Narayana Hrudayalaya, and their respective shareholders and creditors. The scheme involves the demerger of the Clinical Services business from NH Integrated Care Private into Narayana Hrudayalaya.