Stocks to watch: RIL, ONGC, Swiggy, Paras Defence, Glenmark Pharma, IRCON, Senores Pharma in focus

The Indian benchmark indices BSE Sensex and NSE Nifty are set to start the day on a flat note, tracking mixed cues from global equity markets and muted trends in GIFT Nifty futures. At 7:20 AM, the GIFT Nifty index was up 11.5 points, or 0.05%, at 24,572, indicating a subdued opening for domestic equity benchmarks.

Here are the stocks that will be in focus in today's trade:

Swiggy: The foodtech company’s hyperlocal parcel delivery service Genie, which was launched in 2020, has stopped its operations temporarily, according to information shared by the company's customer care service on X.

Reliance Industries, ONGC: The Panna-Mukta and Tapti (PMT) joint venture partners - Shell (through BGEPIL), Reliance Industries Limited (RIL), and Oil and Natural Gas Corporation Limited (ONGC) have successfully completed the country’s first offshore facilities decommissioning project with the safe removal of mid and south Tapti field facilities.

Paras Defence and Space Technologies: The defence company has inked a pact with Israel-based HevenDrones to form a joint venture in India for the development and production of logistics and cargo drones for both defence and civil markets.

Senores Pharmaceuticals: The drug maker, through its wholly-owned subsidiary Senores Pharmaceuticals Inc., USA, has signed a deal to acquire the USFDA-approved Topiramate drug from Wockhardt. The drug is used for the treatment of epilepsy and migraine.

Glenmark Pharmaceuticals: The company, an alliance between Ichnos Sciences Inc., a global fully-integrated clinical-stage biotech company developing multispecifics in oncology, and its parent, Glenmark Pharmaceuticals, said that US Food and Drug Administration (FDA) has granted Fast Track designation for ISB 2001.

Indian Energy Exchange: The electricity exchange achieved a monthly electricity traded volume of 10,584 MU in April, up 26% year-on-year (YoY).

IRCON International: The PSU company has secured an order worth Rs 187.08 crore from Kerala State IT Infrastructure for the construction of a Dedicated Rural Industrial Park in Thiruvananthapuram.

RateGain Travel Technologies: The company has appointed Deepak Kapoor as its new Chief Technology Officer (CTO) and Rohan Mittal as the new Chief Financial Officer (CFO).

Cyient: The company's U.S-based subsidiary Cyient Inc., has received an order levying a penalty of $26,779.74 towards Employer Shared Responsibility Payment (ESRP) from the US Department of the Treasury, Internal Revenue Service (IRS).