Stock market today: The headline indices were trading in the green in the late morning deals on Monday, March 17.
At 11:56 AM, the S&P BSE SENSEX was trading at 74,114.89, up 285.98 points, or 0.39%, while the broader NIFTY50 index was trading at 22,495.45, up 98.25 points, or 0.44%.
In the broader market, the BSE MidCap index was trading at 39,330.11, up 267.29 points, or 0.68%, while the BSE SmallCap index was trading at 44,039.13, up 194.15 points, or 0.44%.
Here is a list of stocks that are buzzing in today's trade.
KEC International: Shares of
KEC International were trading 6.64% higher at ₹717.05 apiece on the BSE after the company secured new orders of ₹1,267 crore across its various businesses. They are as below:
Transmission & Distribution (T&D)
The business has secured NOAs/comfort letters for T&D projects in India and the Americas:
• 800 kV HVDC & 765 kV Transmission line orders from Power Grid Corporation of India Limited (PGCIL);
• Supply of towers, hardware, and poles in the Americas.
Cables
The business has secured orders for the supply of various types of cables and conductors in India and overseas.
IndusInd Bank: Shares of
IndusInd Bank surged as much as 5.19% to ₹707 apiece on the BSE on Monday, March 17, in the opening deals, after on Saturday, March 15, the Reserve Bank of India (RBI) assured customers that IndusInd Bank remains 'well-capitalised.' It also directed the bank's board to complete remedial action within this month regarding an estimated ₹2,100 crore accounting discrepancy.
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Ola Electric Mobility: Shares of Ola Electric Mobility slipped over 6% on the NSE as the company, in its filing to exchanges on Saturday, March 15, said that a petition has been filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 ("IBC") by Rosmerta Digital Services, an operational creditor of Ola Electric Technologies, a wholly owned subsidiary of the company.
Ola Electric said that it has sought appropriate legal advice, and it strongly disputes the claims made. The company will take all necessary and appropriate steps to protect its interests and object to the allegations in the matter.
Mcleod Russel India: Shares were locked in the 5% upper circuit limit of ₹31.90 apiece on the BSE, as, according to a PTI report, on Sunday a consortium of lenders to bulk tea producer McLeod Russel India Limited (MRIL) has transferred its debt exposure to the National Asset Reconstruction Company Limited (NARCL) for ₹700 crore, representing a 36% haircut.
The debt of ₹1,104.69 crore has been sold under a 15:85 cash-to-security receipts (SR) structure, with 15% of the consideration to be paid upfront and the remaining 85% through SRs over the next five years, they said.
Inventurus Knowledge Solutions: Shares of Inventurus Knowledge Solutions Ltd (IKS) declined as much as 12.79% to ₹1,440 apiece on the BSE, as their lock-in periods for anchor investors ended.
Inventurus Knowledge Solutions was listed on December 19. The company is backed by Rekha Jhunjhunwala and RARE Enterprises.
Mobikwik: Shares of One Mobikwik Systems fell as much as 15% to hit a fresh 52-week low of ₹231.05 on the BSE after its three-month mandatory share lock-in period ended today.
Nuvama Institutional Equities, in a note, said that starting Monday, 50 lakh shares, equivalent to 6% of the total equity, will be available for trading in the open market after the expiry of the mandatory lock-in period following its share sale via initial public offering (IPO).
MTNL: Shares of Mahanagar Telephone Nigam (MTNL) were trading over 7% lower at ₹45.28 apiece on the NSE, as the PSU on Saturday, March 15, disclosed that it had defaulted on ₹8,277 crore in principal (installment) and interest payments to seven banks.
According to a regulatory filing, the lenders included Union Bank of India (UBI), Bank of India (BOI), Punjab National Bank (PNB), State Bank of India (SBI), UCO Bank, Punjab and Sind Bank (PSB), and Indian Overseas Bank (IOB).
Gensol Engineering: The stock was locked in the 5% lower circuit limit of ₹249.15 on the NSE. The fundraising plan stock split failed to attract investors to the stock, which has been in a downtrend ever since CARE and ICRA ratings downgraded the company's credit ratings.
Firstsource Solutions: The stock was trading 7.35% lower at ₹280.40 on the NSE. Firstsource provides business process management in the banking and financial services, customer services, telecom and media, and healthcare sectors.
LTIMindtree: The stock was trading 3.61% lower at ₹4,305.70 on the NSE. Nachiket Deshpande, the chief operating officer of LTIMindtree, has been appointed president of the company's AI services under the new chief executive, Venu Lambu.
Deshpande, who was the frontrunner to replace outgoing chief executive Debashis Chatterjee before losing out to Lambu, will be based in New York.
The COO position, as seen in Infosys and TCS, may not be continued, per news reports.
Muthoot Finance: Shares were trading over 4% higher at ₹2,289.75 apiece on the BSE. On March 14, 2025, the company said it had crossed the landmark milestone of ₹1 lakh crore gold loan assets under management (AUM) on March 13, 2025.
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