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  1. Stocks to watch, March 19: Jio Financial Services, GR Infraprojects, Nazara Tech, Vodafone Idea, CG Power, Zydus Life, and more

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Stocks to watch, March 19: Jio Financial Services, GR Infraprojects, Nazara Tech, Vodafone Idea, CG Power, Zydus Life, and more

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5 min read | Updated on March 19, 2025, 08:28 IST

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SUMMARY

Life Insurance Corporation of India (LIC), the country's largest life insurer, expects to finalise the purchase of a stake in a health insurance company before the end of the fiscal year on March 31, Chief Executive Siddhartha Mohanty said on Tuesday.

At 8:02 AM, the GIFT NIFTY futures were trading at 22,953.50, up 23 points, or 0.10%.

At 8:02 AM, the GIFT NIFTY futures were trading at 22,953.50, up 23 points, or 0.10%. | Image: Shutterstock

Stocks to watch: The domestic equity market is likely to open in the green on Wednesday, March 19.

At 8:02 AM, the GIFT NIFTY futures were trading at 22,953.50, up 23 points, or 0.10%. This implies that the NIFTY50 index will open 58 points higher.

In the overnight trade, US stocks ended lower on Tuesday, ahead of a monetary policy decision from the Federal Reserve, while gauging the potential impact of President Donald Trump's tariff policies.

The Dow Jones Industrial Average fell 260.32 points, or 0.62%, to 41,581.31; the S&P 500 lost 60.46 points, or 1.07%, to 5,614.66; and the Nasdaq Composite lost 304.55 points, or 1.71%, to 17,504.12.

Asian stocks were muted in the morning trade on Wednesday.

Here is a list of stocks that may remain in focus today.
Jio Financial Services: According to a report by The Economic Times, Allianz SE is preparing to create an alliance with Mukesh Ambani-led Jio Financial Services (JFSL). This follows Monday’s announcement that it was ending its 24-year joint venture with Bajaj Group.
Bajaj Auto: The company's board has reappointed Rajivnayan Rahulkumar Bajaj as the managing director and chief executive officer (CEO) of the company for another term of five consecutive years with effect from 1 April 2025. Besides, Abhinav Bindra has also been reappointed as a non-executive independent director of the company for a second term of five consecutive years with effect from 20 May 2025.

Besides, the board has approved the additional fund infusion of up to ₹1,500 crore in Bajaj Auto Credit Limited, a wholly owned subsidiary of the company, either in the form of equity capital/preference capital or subordinated debt, as may be determined in due course, in one or more tranches.

GR Infraprojects: The company has been awarded a letter of acceptance (LoA) from the National Highways Authority of India (NHAI) for a highway project worth ₹4,262.78 crore. With the construction and improvement of the Agra-Gwalior greenfield road in Uttar Pradesh, Rajasthan, and Madhya Pradesh, the project is set to facilitate inter-state connectivity.
LIC: Life Insurance Corporation of India (LIC), the country's largest life insurer, expects to finalise the purchase of a stake in a health insurance company before the end of the fiscal year on March 31, Chief Executive Siddhartha Mohanty said on Tuesday.

Speaking to reporters on the sidelines of the GCA25 event in Mumbai, Mohanty declined to name the target company but confirmed that negotiations were in their final stages.

Vodafone Idea: Vodafone Idea on Wednesday launched its 5G services in India, starting from Mumbai with five more cities up next, as the telco bets on the new offering to arrest subscriber churn and place it on a firm footing against larger rivals in the world's second-largest telecom market.

For now, Vodafone Idea's 5G services will be offered as an unlimited add-on for plans starting at ₹299, though the duration of this 'introductory offer' has not been specified.

CG Power: CG Power and Industrial Solutions on Tuesday said its board has approved an interim dividend of ₹1.3 per equity share of face value of ₹2 each for fiscal 2024-25.

The dividend will be paid on or after April 16, 2025, a regulatory filing said.

The record date for determining the members eligible to receive the interim dividend is March 22, 2025.

JK Lakshmi Cement: JK Lakshmi Cement Ltd on Tuesday said it has received a demand of ₹45.6 crore from the income tax authority for the assessment year 2022-23.

The company received an assessment order on March 18, 2025, JK Lakshmi Cement said in a regulatory filing.

"In the said order, the income tax officer has made certain additions to the income of the company as declared in the return of income, resulting in an aggregate demand of ₹4,559.60 lakh," it said.

Shriram Finance: Shriram Finance Ltd, the flagship company of the diversified conglomerate Shriram Group, is looking to consolidate its gold loan business and increase the market share in the coming quarters.

On the back of the organised gold loan market expected to double in the next five years, the company has drawn up plans to introduce the gold loan business in more branch networks.

Zydus Lifesciences: Zydus Lifesciences Ltd on Tuesday said it has received final approval from the US health regulator to manufacture a generic version of Apalutamide tablets used in the treatment of prostate cancer.

The approval by the US Food and Drug Administration (USFDA) is to manufacture Apalutamide tablets of 60 mg strength, Zydus Lifesciences said in a regulatory filing.

The approved Apalutamide tablets will be produced at Zydus Lifesciences (SEZ), Ahmedabad, it added.

Apalutamide is an androgen receptor inhibitor indicated for the treatment of patients with metastatic castration-sensitive prostate cancer.

Nazara Technologies: The company has acquired an 8.97% equity in Absolute Sports for ₹69.17 crores. The company has increased its stake in Absolute Sports to 100%.
Juniper Hotels: The company said it has executed a share purchase agreement (“SPA”) with Jenipro and its selling shareholder on March 18, 2025. Post-acquisition, Jenipro Hotels Private Limited will become a wholly owned subsidiary of the company.
L&T: The company is scheduled to be held on Friday, March 21, 2025, to seek approval for fundraising by way of debt issue.
Adani Enterprises: Shares will be in focus as the Adani Group-run Mumbai International Airport, which operates the Chhatrapati Shivaji Maharaj International Airport (CSMIA) in Mumbai, has proposed to increase user development fees for domestic and international departures by introducing a User Development Fee (UDF) of ₹325 per domestic passenger, where previously no UDF was charged.
Muthoot Finance: S&P Global Ratings has upgraded Muthoot Finance's ratings to ‘BB+’ with ‘Stable’.
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