Stocks to watch: The domestic stock market will likely open flat with a negative bias in the red on Thursday, March 27, tracking global peers.
At 7:55 AM, the GIFT NIFTY futures were trading at 23,510, up 16.50 points, or 0.07%. This implies that the NIFTY50 index will open 12 points lower.
Here is a list of stocks that may remain in focus today.
Tata Motors, Samvardhana Motherson, and other auto stocks: Shares of auto manufacturers and auto component companies, such as
Tata Motors and
Samvardhana Motherson, among others, will be in focus as US President Donald Trump unveiled a 25% tariff on imported cars and light trucks starting next week.
"What we're going to be doing is a 25% tariff for all cars that are not made in the United States," Trump said at an event in the Oval Office.
Infosys: In its filing to stock exchanges on March 26, Infosys said it expects a refund of ₹2,949 crore (including interest). The company is in the process of evaluating the implications of these orders on the financial statements for the quarter and year ending March 31, 2025.
Wipro: Wipro on Wednesday announced that it has clinched a 500 million pound (USD 644.7 million), 10-year strategic deal from British insurer Phoenix Group.
Announcing the blockbuster deal, Wipro said the project is designed to deliver life and pension business administration for the ReAssure business and accelerate Phoenix Group's operational transformation.
Ashok Leyland: Ashok Leyland on Wednesday, March 26, said its UK subsidiary Switch Mobility would close manufacturing and assembly activity at the Sherburn facility amid continuing general economic uncertainty within the overall bus manufacturing sector in the UK and the consequent inability to derive the benefits of scale.
Switch Mobility Limited, UK (Switch UK), is a step-down subsidiary of Ashok Leyland. It manufactures electric buses across the UK & Europe.
BSE: The leading stock exchange on March 26 said its board of directors is scheduled to hold a meeting on Sunday, March 30, 2025, to consider and approve the proposal for the issue of bonus shares, subject to requisite approvals.
Hindustan Unilever (HUL): FMCG major Hindustan Unilever Ltd on Wednesday announced the appointment of ex-Britannia CEO and Executive Director Rajneet Kohli as its Executive Director, Foods.
He will take over from Shiva Krishnamurthy, who will move on from his role to pursue an external opportunity, Hindustan Unilever Ltd (HUL) said in a statement.
Kohli will join the company's Management Committee with effect from April 7, 2025, it added.
Bajaj Finserv: In its regulatory filing, the company said that according to the preferential issue by Bajaj Finance in FY2024, the company was allotted 15,50,000 warrants, convertible into an equivalent number of shares on November 2, 2023. The company paid 25% of the amount committed, i.e., ₹297.21 crore on subscription to warrants, i.e., November 2, 2023.
Now, the company said that as per the terms and conditions of the issue, it has opted for the conversion of the said warrants by remitting the remaining 75% of the price consideration, i.e., ₹891.64 crore.
Accordingly, Bajaj Finance Limited has allotted 15,50,000 equity shares of face value of ₹2 today, i.e., 26 March 2025.
NBCC: State-owned NBCC has signed an MoU with Mahatma Phule Renewable Energy and Infrastructure Technology Ltd to undertake housing and urban development projects worth Rs 25,000 crore in Maharashtra.
In a statement on Wednesday, NBCC said it has signed a strategic Memorandum of Understanding (MoU) with Mahatma Phule Renewable Energy and Infrastructure Technology Ltd (MAHAPREIT).
This collaboration aims to undertake a wide range of consultancy, fee-based, EPC, and redevelopment projects from concept to commissioning, it added.
Max Financial Services: According to a news report by CNBC-TV18, Max Ventures Investment Holding is likely to offload up to a 1.59% stake in Max Financial Services through block deals. The offer price is reportedly fixed at ₹1,117.6 per share, representing a 0.5% discount to the company’s current market price (CMP). The total size of the block deal is estimated at ₹611.6 crore, the report added.
JB Chemicals: Shares of JB Chemicals and Pharmaceuticals will be in focus as, according to news reports, the company's promoter, global private equity firm KKR, has launched a block deal with a base size of around $200 million.
"The block deal was launched a short while back, and the plan is to divest around a 7% stake. There is an upsize option to sell an additional 3.5% stake worth around $100 million," Moneycontrol reported, citing its sources.
Maruti Suzuki India: Maruti Suzuki India on Wednesday, March 26, announced the appointment of Sunil Kakkar as an Additional Director and Whole-time Director, the first instance of a homegrown Indian employee being nominated as a director on its board by parent Suzuki Motor Corporation.
Axis Bank: Private sector lender Axis Bank on Wednesday divested a 1.3% unitholding in National Highways Infra Trust (NHIT) for ₹230 crore through an open market transaction.
NHIT, an infrastructure investment trust (InvIT) sponsored by the National Highways Authority of India (NHAI), was set up in 2021 to support the Centre's National Monetisation Pipeline.
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