Stocks to watch, March 18: JSW Energy, Bajaj Finserv, IREDA, Ircon, Vedanta, PC Jeweller, HUL, Shriram Finance, and more

At 7:37 AM, the GIFT NIFTY futures were trading at 22,745, up 4 points, or 0.02%. This implies that the NIFTY50 index will open 160 points higher.

In the overnight trade, US stocks gained for a second straight session on Monday as investors assessed the latest economic data to gauge the impact of the Trump administration's policies.

The company's proposed demerger will create four independent, natural resource-focused entities with management structures, capital frameworks, and strategic priorities.

The execution of the share purchase agreements (SPAs) marks the end of a 24-year relationship and the culmination of constructive and amicable discussions to ensure a seamless transfer of Allianz's stake.

JM Financial Ltd. said in a regulatory filing that the business transfer would become effective on April 1, 2025.

The board approved entering into a Business Transfer Agreement with JMFSL, a wholly owned subsidiary of JM Financial Ltd., for the transfer of the private wealth business through the slump sale on a going concern basis, it said.

In a regulatory filing, PC Jeweller Ltd stated that the Board of Directors of the company approved the allotment of 51,71,14,620 equity shares by way of preferential allotment on a private placement basis to a consortium of lenders comprising 14 banks.

The shares have been issued at ₹29.20 per share.

Jaipur-based Uprising Science is engaged in the manufacturing and sale of beauty and personal care products, baby care, and hair care items under the brand name 'Minimalist.'.

The latest facility, availed under SFL’s Social Finance Framework, saw participation from leading global financial institutions, including the Asian Development Bank (ADB), Japan International Cooperation Agency (JICA), and Exim Bank of India (EXIM) with a long-tenor financing, the company said in a statement.

According to the bulk deal data on the BSE, Ajay Singh, who is also the chairman and managing director of the budget airline, sold 2 crore shares, or a 1.6% stake, of SpiceJet at an average price of ₹45 apiece, taking the transaction value to ₹90 crore.

Meanwhile, boutique investment firm Plutus Wealth Management picked up 75 lakh shares of SpiceJet at an average price of Rs 45 apiece, as per the data.

The board of Religare has commissioned a governance review of REL and its subsidiaries, namely, Religare Finvest Limited (RFL) and Religare Housing Development Finance Corporation Limited (RHDFCL), the financial services firm said in a regulatory filing.

The objective is to review the past operating practices, suggest improvements around systems and controls for future implementation, and identify any potential instances of misconduct by certain current and/or ex-employees of the aforementioned companies, it said.

In a regulatory filing, Aditya Birla Real Estate informed that its subsidiary Birla Estates has launched its first project in Pune, 'Birla Punya,' with an estimated revenue potential value of ₹2,700 crore.

In a statement on Monday, real estate consultant Square Yards said that "SR Menon Properties LLP has purchased an apartment in Worli, Mumbai, for ₹187.47 crore".

The consultant said it has reviewed property registration documents. The transaction was registered this month.

This came after an application was filed by Urvi Jindal with SEBI proposing to settle the enforcement proceedings that may be initiated against her for the alleged violations through a settlement order, and accordingly, the settlement amount was remitted.

The partnership aims to facilitate comprehensive research projects, technical papers, and knowledge-sharing initiatives to enhance industry knowledge and promote best practices in the power sector, a statement said.

JSW Neo Energy is a wholly owned subsidiary of JSW Energy, which belongs to the JSW Group. JSW Energy (through its subsidiaries) is engaged in power generation and transmission through conventional and non-conventional sources.

The borrowing limit for FY 2024-25 has been increased from ₹24,200 crore to ₹29,200 crore.