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  5. Stocks to watch, March 11: Anupam Rasayan, IndusInd Bank, BEL, SJVN, Adani Energy, BSE, and more

Market News

Stocks to watch, March 11: Anupam Rasayan, IndusInd Bank, BEL, SJVN, Adani Energy, BSE, and more

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By Upstox News Desk

4 min read | Updated on March 11, 2025, 08:40 IST

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SUMMARY

IndusInd Bank on Monday, March 10, said that during an internal review of processes related to the derivative portfolio segment, the bank has found an adverse impact of 2.35% on its net worth as of December 2024.

Stock list

SJVN
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INDUSINDBK
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BEL
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ADANIENSOL
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At 8:10 AM, the GIFT NIFTY futures were trading at 22,421, down 5.50 points, or 0.02%.

At 8:10 AM, the GIFT NIFTY futures were trading at 22,421, down 5.50 points, or 0.02%. | Image: Unsplash

Stocks to watch: The domestic equity market will likely open in the red on Tuesday, March 11, amid weak global cues.

At 8:10 AM, the GIFT NIFTY futures were trading at 22,421, down 5.50 points, or 0.02%. This suggests that the NIFTY50 index will open 95 points lower.

Here is a list of stocks that may remain in focus today.
IndusInd Bank: Private sector lender IndusInd Bank on Monday, March 10, said that during an internal review of processes related to the derivative portfolio segment, the bank has found an adverse impact of 2.35% on its net worth as of December 2024.

“A final report of the external agency is awaited, and based on which the bank will appropriately consider any resultant impact in its financial statements,” the bank said in a statement.

The bank, however, said that its profitability and capital adequacy remain healthy to absorb this one-time impact.

IT stocks: Shares of tech and IT services companies will be on investors' radar after a tech rout on Wall Street on Monday.
Oil-linked stocks: Shares of OMCs, paints, tyre, aviation, and exploration companies will be in focus as the Brent crude declined to around $69 a barrel after contracting 1.5% on Monday while West Texas Intermediate dropped below $66.
BEL: Navratna defense PSU firm Bharat Electronics (BEL) on Monday, March 10, said it has secured additional orders worth ₹843 crore since the last disclosure on March 6, 2025.

“Major orders include RF seekers, vessel and air traffic management systems, electro-optic repair facilities, radar upgrades, spares, services, etc.,” the company said in an exchange filing.

SJVN: State-owned SJVN Ltd has inked an initial pact to develop a 1,800 GW pumped hydro storage project (PSP) entailing an investment of ₹9,500 crore at Kotpali in Chhattisgarh.

SJVN has signed a Memorandum of Understanding (MoU) with the Government of Chhattisgarh and Chhattisgarh State Power Generation Company Limited (CSPGCL) for the development of an 1800 MW Pumped Storage Project (PSP) at Kotpali, a statement said. The project has direct and indirect employment potential for 5,000 people during the development phase.

NTPC: NTPC on Monday announced plans to invest ₹96,000 crore in Chhattisgarh as part of multiple agreements signed with the state government to set up clean energy projects, including nuclear.

Other projects will be pump hydro and renewable projects based on solar/wind/hybrid sources in the state, the NTPC said in a statement.

Adani Energy: Fitch Ratings has removed energy infrastructure company Adani Energy Solutions Ltd (AESL) from its 'Ratings Watch Negative' list, the first upgrade by an international rating agency since the US indictment.

Fitch affirmed AESL long-term foreign and local-currency issuer default ratings (IDRs) at 'BBB-'.

"The ratings have been removed from Rating Watch Negative and assigned a Negative Outlook," it said in a statement.

Anupam Rasayan: Anupam Rasayan India, a leading custom synthesis and specialty chemicals company, has signed a 10-year letter of intent valued at $106 million (approximately ₹922 crores) with a Korean multinational recognised for its leadership in specialty chemicals for a high-performance niche chemical expected to be supplied from FY26.

"This long-term partnership reinforces Anupam’s expertise in delivering advanced chemical solutions and strengthens

its presence in high-growth global markets," the statement added.

Syngene: Syngene International on Monday said it has acquired its first manufacturing facility in the US for around $50 million.

Syngene USA Inc., a wholly owned subsidiary of the company, has acquired the site from Emergent Manufacturing Operations Baltimore, LLC.

The acquisition will help the company to better serve its customers across both human and animal health market segments, Syngene International said in a statement.

Navin Fluorine: The company, in its exchange filing, said that further to its earlier intimation dated February 06, 2024, about the capital expenditure of ₹84 crore for the expansion of additional HFC (R32) capacity of 4,500 TPA at the Surat unit of the company, the plant for the manufacture and supply of HFC (R32) has commenced commercial operations with the dispatch of the first commercial lot to the customer on Monday.
Thermax: Thermax Chemical Solutions, a wholly owned subsidiary of Thermax, on March 10, 2025, entered into a share subscription and shareholders agreement with Oswaldo Cruz Química Indústria E Comércio LTDA (OCQ), Brazil.

The agreement is entered for the subscription/acquisition of equity shares in the new company by TCSPL and OCQ in a 51:49 ratio.

F&O ban

BSE Ltd, Hindustan Copper Ltd, and Manappuram Finance Ltd are the three stocks on the NSE's F&O ban list on March 11.

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