Stocks to watch, March 17: IndusInd Bank, Gensol Engineering, McLeod Russel, SpiceJet, Kolte-Patil Developers, Canara Bank, and more

At 7:33 AM, the GIFT NIFTY futures were trading at 22,586, up 25 points, or 0.11%. This implies that the NIFTY50 index will open 141 points higher.

On the global front, US equities followed European stocks higher on Friday to end a bumpy week on a positive note, although safe-haven gold hit a record high with investors still showing some signs of anxiety about the economic impact of tariffs.

On Wall Street, the Dow Jones Industrial Average closed up 674.62 points, or 1.65%, at 41,488.19, while the S&P 500 rose 117.42 points, or 2.13%, to 5,638.94 for its biggest one-day percentage gain since November 6, the day after the US election.

The Nasdaq Composite ended up 451.07 points, or 2.61%, at 17,754.09 on Friday, for its biggest daily gain since November 6.

The Indian stock market was closed on Friday, March 14, on account of Holi.

According to a statement from DMRC, the initiative—the first of its kind in the entire South Asia Pacific region—reinforces both DMRC's and Blue Dart's commitment to environmental stewardship and fostering more sustainable logistics solutions.

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.

The New Jersey-based Sun Pharmaceutical Industries, Inc. is recalling 9,840 bottles of morphine sulphate extended-release tablets for "failed dissolution specifications," the US health regulator stated in its latest Enforcement Report.

The USFDA stated that Zydus Pharmaceuticals (USA) Inc. is recalling a lot of Nelarabine Injections, used in the treatment of certain cancers, in the US.

Sugar production estimates have been repeatedly revised downward since the season began, creating challenges for government policies that were formulated based on an initial projection of 33.3 million tonnes, the industry body said in a statement.

The bank recently opened new branches in Ongole (Andhra Pradesh), Bengaluru (Karnataka), and Bagayam in Vellore.

A press release stated that with these additions, Karur Vysya Bank inaugurated 38 branches during the current financial year.

The four private entities are Accenture Solutions, Colliers International (India) Property Services, PricewaterhouseCoopers, and The Boston Consulting Group (India).

In a regulatory filing on Friday, Brigade Enterprises said it has launched a residential project, 'Brigade Eternia,' in Yelahanka, Bengaluru.

In an interview with PTI, he said that in the next quarter, the company plans to launch more than 40 lakh square feet of area in two premium housing projects in Gurugram.

With the government committed to fostering domestic drone research, development, and manufacturing, continuous innovation through product and market research is essential for sustained growth in the UAV sector, the company said.

As part of the alliance with TVS Motor, PETRONAS Lubricants International will continue to be the title sponsor for TVS Racing, the factory racing team, for the next three years.

Besides, IndusInd Bank on Thursday said that the holding of HDFC Mutual Fund in the bank has crossed 5% as the fund house purchased an additional 15.92 lakh shares from the market.

According to the bulk deal data on the BSE, Ajay Singh sold over 1.15 crore shares, amounting to a 0.9% stake in Gurugram-based SpiceJet.

The shares were disposed of at an average price of ₹45.34, taking the transaction value to ₹52.31 crore.

The bond will have a tenor of 10 years with a 5-year call option, Canara Bank said in a statement.

The bank's board had approved raising capital by way of Basel III Compliant Additional Tier I Bonds of ₹4,000 crore and Tier II Bonds of ₹4,500 crore during 2024-25.

The investment firm will acquire a 14.3% stake for ₹417 crore through a preferential issue of equity shares and another 25.7% stake from the promoters group for ₹750 crore, according to an exchange filing.

Blackstone will launch an open offer to acquire an additional up to 26% stake in the Kolte-Patil Developers Ltd.

Puri's resignation will be effective from June 30, 2025, according to a regulatory filing from HUL.

Leo Puri has tendered his resignation "due to an increase in his board commitments, including his proposed appointment on the board of a global entity and the overboard criteria for independent directors as prescribed under the European Corporate Governance requirements," it said.

Fitch Ratings affirmed Adani Energy Solutions Limited's (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.

The move aims at achieving sustainable growth, reducing debt, and maximising value for its stakeholders, the company said in an exchange filing.

The Board of Directors, in its meeting held earlier today, has approved fundraising initiatives amounting to Rs 600 crore, aimed at significantly enhancing its financial standing, the company said.

In a separate filing, the company clarified "that the issuance of promoter warrants is happening at ₹56 per share of ₹1 face value, which is equivalent to ₹560 per share of ₹10 face value, considering the 10:1 stock split approved by the Board."

The company further said that "at ₹56 per ₹1 face value share, the pricing represents a 213% premium over the current market price of 262% (₹10 face value adjusted)."

The incident of data theft came to the knowledge of the insurance company in November 2024, following which remedial action was initiated.

The assessments have now been completed, revealing that the unauthorised exploitation was confined to a specific, identified issue, HDFC Life Insurance said in a regulatory filing.

The project, awarded under the Design, Build, Finance, Operate, and Transfer (DBFOT) model on a Build-Operate-Transfer (BOT) toll basis, is valued at ₹4,262.78 crore.

"The product is being recalled because the infusion bag is incorrectly labelled as Levetiracetam in 0.82% Sodium Chloride Injection 500 mg/100 mL single-dose bag, while the aluminium overwrap packaging correctly identifies the product as Levetiracetam in 0.75% Sodium Chloride Injection 1,000 mg/100 mL," the press release added.

The petition has been submitted before the National Company Law Tribunal—Bengaluru Bench ("NCLT, Bengaluru"), alleging a default in payment towards the services rendered by the operational creditor and seeking initiation of the Corporate Insolvency Resolution Process ("CIRP") against Ola Electric Technologies.