Stocks to watch: The domestic equity market will likely open in the green on Monday, March 24, amid supportive global cues.
At 7:55 AM, the GIFT NIFTY futures were trading at 23,479.50, up 1.50 points, or 0.01%. This implies that the NIFTY50 index will open 99 points higher.
On the global front, financial markets made a mixed start on Monday with US stock futures rising but the dollar wavering ahead of a week driven by data, Chinese earnings, and the threat of steep US tariff hikes on the horizon.
S&P 500 futures were up about 0.6% in the Asian morning, and Nasdaq 100 futures rose 0.8%. Japan's Nikkei and Hong Kong's Hang Seng climbed about 0.2%, Reuters reported.
Here is a look at the stocks that may remain in focus today.
Hindustan Copper: State-owned
Hindustan Copper aims to generate around ₹2,400 crore in revenue over the next 20 years from its recent contract with a JSW Group firm which has been appointed as a mine developer and operator for two blocks in Jharkhand, a top company official said on Sunday.
JSW Group's South West Mining Ltd (SWML) secured a contract on a revenue-sharing basis in January through a competitive bidding process for Rakha copper mining, comprising two blocks – Rakha and Chapri – in Jharkhand, for 20 years, extendable by another 10 years.
Reliance Industries (RIL), Welspun Corp: On March 21, RIL informed stock exchanges that Nauyaan Tradings Private Limited (NTPL), a step-down wholly owned subsidiary of the company, has completed the acquisition of a 74% equity stake in Nauyaan Shipyard Private Limited (NSPL) from
Welspun Corp for an aggregate consideration of ₹382.73 crore.
Dr Reddy's: On March 21, 2025, Dr Reddy’s Laboratories Inc., USA, a wholly owned subsidiary of the company, completed the sale of all issued and outstanding membership interests in its wholly owned subsidiary, Dr Reddy’s Laboratories Louisiana LLC, including the manufacturing facility located in Shreveport, Louisiana, USA.
DLF:
DLF Ltd, the country's largest realty firm, will invest around ₹40,000 crore over the next 4-5 years to develop housing and commercial projects as part of its strategy to expand business amid strong demand for premium properties.
Last week, DLF Group held a meeting with analysts in Gurugram to update them on its current business situation and plan for the medium term. It gave a corporate presentation to share the growth strategy of its development (housing) business and annuity business, which is building rent-yielding commercial projects.
ONGC: According to a tender floated by the state-owned firm,
Oil and Natural Gas Corporation (ONGC) plans to import ethane starting in mid-2028 to compensate for the altered composition of liquefied natural gas (LNG) sourced from Qatar.
India imports 7.5 million tonnes per annum of LNG from Qatar. Under the deal, QatarEnergy supplies 5 million tonnes a year of LNG that contains methane (used to produce electricity, make fertiliser, be converted into CNG or used as cooking fuel) as well as ethane and propane – feedstock to make LPG and petrochemicals – on a firm basis and the rest on a best endeavour basis.
GSPL: A natural gas pipeline connecting the newly set up 5 million tonnes per annum LNG import terminal at Chhara in the Gir Somnath district with the gas grid has been commissioned, Gujarat State Petronet Ltd has said.
The pipeline having the capacity to ship 18 million standard cubic metres per day was developed by Gujarat State Petronet Limited (GSPL) at a cost of ₹650 crore.
The pipeline passes from the outskirts of the eco-sensitive zone of the Gir National Park & Wildlife Sanctuary, home to Asiatic lions.
Carysil: Premium kitchen solutions provider Carysil plans to invest ₹500 crore to increase the manufacturing capacity of the kitchen sinks, faucets, and appliances segment as part of its long-term growth strategy in India, according to a statement by the company.
Under the programme, Carysil has earmarked Rs 100 crore to double its sink manufacturing capacity from 1 million to 2 million units per year, it said.
Another ₹50 crore will be invested for expanding its stainless steel sink production to 2.5 lakh units annually, the company added.
SBI, PNB, and other state-run lenders: Dividend payouts by public sector banks (PSBs) have risen by 33% to Rs 27,830 crore in FY24, indicating significant improvement in the financial health of these lenders.
PSBs declared a dividend of ₹27,830 crore to shareholders in 2023-24 as against ₹20,964 crore in the previous fiscal, registering an increase of 32.7%, according to the government data.
Car stocks: Cars are set to get costlier from April, with various automakers like market leaders Maruti Suzuki, Mahindra & Mahindra, and Hyundai announcing price hikes due to rising input costs and operational expenses.
Maruti Suzuki India, which leads the domestic passenger car segment in the country, plans to hike prices of its entire model range by up to 4% from next month.
Mahindra & Mahindra on Friday said it will hike prices of its SUVs and commercial vehicles by up to 3% from April.
The price increase is attributed to rising input costs and increased commodity prices, among other reasons, the Mumbai-based auto major said in a statement.
Ola Electric Mobility: Ola Electric on Saturday announced the commencement of deliveries for its S1 Gen 3 scooter portfolio across India.
The S1 Gen 3 range starts at ₹79,999 for the S1 X (2 kWh) and goes up to ₹1,69,999 for the S1 Pro+ 5.3 kWh with 4680 Bharat Cell, the company said in a statement.
The deliveries of the S1 Gen 3 portfolio have been started through the extensive network of Ola Electric stores and direct-to-home delivery services, it added.
Godrej Agrovet: Godrej Agrovet said it was targeting to achieve a revenue of ₹1,000 crore from its dairy brand Godrej Jersey in Telangana over the next two years.
It will focus on market penetration, product innovations, and deepening consumer engagement going forward, as per a statement.
TBO Tek: SBI Mutual Fund (MF), ICICI Prudential MF, and Nippon India MF on Friday acquired a 4.12% stake in travel distribution firm TBO Tek for ₹537 crore through open market transactions.
TBO Tek is a technology platform engaged in the business of providing services related to tours and travel.
A total of 44.72 lakh shares, or 4.12% stake, in TBO Tek were acquired by the three mutual fund houses in three separate transactions on the BSE.
L&T: Larsen & Toubro (L&T) on Friday said its board has approved a borrowing proposal of ₹12,000 crore.
The board at its meeting also approved the appointment of Subramanian Sarma, Whole-time Director & President, Energy, as the Deputy Managing Director & President of the company with effect from April 2, 2025, to February 3, 2028.
"The Board of Directors has approved long-term borrowings of up to ₹12,000 crore, including through external commercial borrowings, term loans, non-convertible debentures, or any other instrument as may be appropriate," L&T said in an exchange filing.
IFCI: The government has approved the appointment of Rahul Bhave as Managing Director and CEO of ofthe financial institution IFCI.
Bhave, serving as deputy managing director, has been appointed as MD and CEO for three years from the date of taking over, a government order said.
The appointment has been approved by the Appointments Committee of the Cabinet (ACC), headed by the Prime Minister.
JSW Energy: JSW Energy on Friday said Ashok Ramachandran has resigned as whole-time director.
Accordingly, a suitable search process is underway, and necessary disclosure will be made in due course, JSW Energy said in an exchange filing.
YES Bank: YES Bank on Friday said it has received ₹429 crore from JC Flowers Asset Reconstruction Company for the sale of its NPA portfolio in 2022.
The bank transferred its stressed assets loan portfolio to the tune of ₹48,000 crore to JC Flowers ARC in December 2022.
CG Power: CG Power and Industrial Solutions, a leader in the electrical engineering industry, expanded its consumer durables range by entering the air-cooler market.
The company, part of the diversified Murugappa Group, has introduced a new range of air coolers featuring cutting-edge 'JetChill Technology', ensuring faster cooling with optimised airflow and enhanced efficiency, a company statement said on Friday.
Samvardhana Motherson: The company's board has approved an investment of ₹200 crore in its arm CIM Tools. The auto ancillary company's board has approved the subscription of up to 20,000 Compulsory Convertible Debentures (CCDs) carrying a 9.25% interest rate, according to regulatory filings with the BSE and National Stock Exchange of India. CIM Tools is a 100% aerospace company based in Bangalore.
Godrej Properties: Godrej Properties Limited (GPL), one of India's leading real estate developers, during the weekend, announced the acquisition of nearly 10 acres of land in Yelahanka, Bengaluru. This project is estimated to have a developable potential of nearly 1.5 million square feet of saleable area, likely comprising primarily of premium residential development of various configurations and high street retail, with an estimated revenue potential of nearly ₹2,500 crore (based on the current business assumptions.)
Ircon International: The company on March 21 said that M/s Conarch Associates has initiated the claim against the company in an arbitral tribunal in connection with the supplying and stacking of 50 mm size Pakur Variety Machine Crushed Track Ballast for the New BG Line from Jaynagar (India) to Bardibas (Nepal) Railway Project for the Nepal portion only from Km 34+800 to Km 52+336.
The quantum of the claim is ₹158.89 crore.
Power Grid: The company has acquired SPVs Fatehgarh II and Barmer I PS Transmission, as well as Chitradurga Bellary REZ Transmission, from the bid process coordinator, PFC Consulting, for ₹26.57 crore.
Power Mech: The company has secured a ₹579 crore (excluding GST) order from Bharat Heavy Electricals Limited (BHEL) for 2x800 MW DVC Koderma (KTPS) Phase-II, Jharkhand.
UCO Bank: The public sector lender on Friday, March 21, set the price for its ₹2,000 crore qualified institutional placement (QIP) at ₹34.27 per share, reflecting a 9.19% discount to its March 21 closing price of ₹37.74 on the NSE, CNBC-TV18 reported, citing sources.
The issue price is based on a 5% discount to the SEBI-prescribed floor price of ₹36.07 per share, sources in the know told CNBC-TV18.
Hindustan Aeronautics (HAL): The PSU on March 22 said that a high-level committee recommended an out-of-court settlement of long-standing state tax disputes of HAL, Nasik Division with the State Tax Department, Maharashtra.
A sum of approx. ₹2,471.00 crore is recommended for full and final payment against the disputed amount of ₹10,079.44 crore (₹9752.58 crore after adjustment of ₹326.87 crore paid with returns/adjustment)
TVS Motor Company: The company said that shareholders have approved the reappointment of Venu Srinivasan as Chairman Emeritus and Managing Director for a further period of five years effective 24th April 2025.
NCC: The company has received the order for the redevelopment of Medical College and Hospital along with other buildings at the existing campus of DMCH, Laheriasarai, Darbhanga, Bihar. The total price for the contract shall be ₹1,480.34 crore (excluding GST).
Adani Green Energy: Shares will be in focus as Adani Green Energy Twenty Five Limited, a wholly owned step-down subsidiary of the company, has commissioned a solar power project of 250 MW at Badi Sid & Kalyan Ki Sid, Rajasthan. With the commissioning of this plant, AGEL’s total operational renewable generation capacity has increased to 13,091.1 MW.
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