Stocks to watch, March 20: Adani Enterprises, cable and wire stocks, Tata Motors, IT stocks, Indian Overseas Bank, Raymond, and more

At 8:01 AM, the GIFT NIFTY futures were trading at 23,084.50, up 17.50 points, or 0.08%.

This implies that the NIFTY50 index will open 111 points higher.

US stocks ended higher on Wednesday after the Federal Reserve kept rates unchanged as widely expected.

The central bank kept its benchmark overnight interest rate unchanged at 4.25%-4.50% and indicated that two quarter-point interest-rate cuts were likely later this year, the same median forecast as three months ago.

The committee constituted by the board has approved the issuance of non-convertible debentures (NCDs), aggregating up to ₹2,000 crore, the auto major said in a regulatory filing.

These software firms are showcasing the solutions leveraging Nvidia technologies at the US-based chip major's ongoing annual GPU Technology Conference (GTC) in California.

Tech Mahindra has unveiled an autonomous pharmacovigilance (PV) solution powered by Nvidia AI software to enhance drug safety management. By leveraging agentic AI and automation, the solution improves the speed, accuracy, and efficiency of PV processes, addressing challenges like manual delays and data overload.

The company, which launched three new products – ZR-rated, CALM Technology and run-flat tyres – is preparing itself to address an emerging trend in the premium 17-inch-plus tyre segment, he told PTI.

The price increase is due to rising input costs, increased commodity prices and higher operational expenses, among other reasons, it added.

The base size of the issue is worth ₹1,000 crore, and the bank will have the option to upsize the issue by another ₹1,000 crore.

The bank has fixed the floor price of the QIP at ₹42.7 per share, which is a 2.5% discount to Wednesday's closing price of ₹43.78.

The indicative issue price of the QIP is said to be ₹40.57, which is a discount of 7.3% to Wednesday's closing and a 5% discount to the floor price, said a report by CNBC-TV18.

Further, using the upsize option, the QIP will entail a total of 49.28 crore shares, the report added.

Similarly, Manappuram informed stock exchanges that its board will meet on March 20 to discuss a fundraising proposal. The funds could be raised through the issue of equity shares, warrants or other securities that could be converted into equity shares of the company.

The purpose of the acquisition is the manufacturing, marketing, distribution, buying and selling of metal products, cables and wires.

This MoU will expand our 100%-owned ongoing project, “Indiabulls Estate & Club,” in Sector 104, Gurgaon, from 24 to 29.37 acres. The aggregate development on 29.37 acres will be 70.8 lacs sq. ft., and thus, the expected revenue based on current selling prices in the project would be approximately 12,065 crore.

It has appointed Prashanth Joishy as the interim Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) w.e.f. March 20, 2025, who shall hold the office till a regular CFO is onboarded.