Stock market today: The domestic equity market will likely open in the green on Monday, March 3.
At 7:59 AM, the GIFT NIFTY futures were trading at 22,351.50, down 3 points, or 0.01%. This suggests that the NIFTY50 index will open 71 points higher.
Here is a list of stocks that may remain in focus today.
Auto stocks
Shares of automobile companies will be in focus today as companies have released their sales numbers for February 2025.
TVS Motor Company: TVS Motor Company recorded monthly sales of 403,976 units in February 2025 with a growth of 10% as against 368,424 units in February 2024.
Tata Motors:
Tata Motors on Saturday reported an 8% year-on-year decline in its domestic and international sales at 79,344 units in February.
The automaker sold 86,406 units in the same month last year.
Total domestic sales were 9% down at 77,232 units last month against 84,834 units in the year-ago period, Tata Motors said in a regulatory filing.
Maruti Suzuki India: The automaker said its total domestic passenger vehicle sales were at 160,791 units last month as compared with 162,71 units in the year-ago month, a marginal year-on-year growth.
On the other hand,
Mahindra & Mahindra and Toyota Kirloskar Motor posted double-digit growth riding on their SUV and MPV models.
Eicher Motors: Royal Enfield on Saturday reported a 19% year-on-year rise in total sales at 90,670 units in February.
The company sold a total of 75,935 units in the same month a year ago.
Domestic sales were at 80,799 units, as against 67,922 units in February last year, up 19%, Royal Enfield said in a statement.
Mahindra Holidays:
Mahindra Holidays & Resorts India Ltd. on Saturday said it has received a demand of over Rs 17.5 crore from the GST authority in Chennai over an alleged mismatch in turnover and reversal of input tax credit-related matter.
Hyundai Motor India: The company on Saturday said it has received a tax demand notice of Rs 15 crore from GST authorities.
The automaker on February 28 received an order from the Additional Commissioner, Central GST Department, Tamil Nadu, for the period FY 2020-21 and FY 2021-22 wherein a tax demand has been raised under Section 73 of the Central Goods and Service Tax Act, 2017, and the Tamil Nadu Goods and Services Tax Act, 2017, the company said.
NMDC: State-owned NMDC on Saturday said that it has registered a 17.8% increase in iron ore production at 4.62 million tonnes (MT) in February.
The company had produced 3.92 MT of iron ore in the corresponding month of the previous fiscal year, NMDC said in a filing to BSE.
The company said that the figures are provisional.
The iron ore production in the April-February period rose to 40.49 MT from 40.24 MT in the year-ago period, the filing said.
Coal India: State-owned Coal India Ltd. (CIL) recorded a marginal 0.9% decline in coal production in February compared to the year-ago period.
The company's' coal production stood at 74.1 MT in February this fiscal, down from 74.8 MT in the corresponding month of the previous fiscal.
The company's production in the April-February period was 695.3 MT, over 685.1 MT in the year-ago period, CIL said in a filing to BSE.
Coal India accounts for over 80% of domestic coal output.
Glenmark Pharmaceuticals: Glenmark Pharmaceuticals is recalling close to 15 lakh bottles of a generic medication used in the treatment of attention deficit hyperactivity disorder in the US market, according to the US health regulator.
Glenmark Pharmaceuticals Inc., USA, a subsidiary of the Mumbai-based drug maker, is recalling around 14.76 lakh bottles of atomoxetine capsules in multiple strengths.
The company is recalling the affected lot due to "CGMP Deviations," the US Food and Drug Administration (USFDA) said in its latest Enforcement Report.
NLC India: State-owned NLC India Ltd. (NLCIL) on Saturday said it has bagged a contract from SJVN Ltd. to develop and operate a 200 MW wind power project.
The project was secured through an e-reverse auction at a tariff of ₹3.74 per kWh.
"The project is set to generate 526 MU of clean green power each year, offsetting an equivalent amount of greenhouse gas emissions," a company statement said.
NTPC: State-run power giant NTPC on Saturday said the group has achieved its fastest-ever generation of 400 billion units (BU) on March 1, 2025, in FY24-25.
This milestone was achieved in just 335 days, 12 days earlier as compared to the last financial year, a company statement said.
In FY23-24, the company had crossed 400 BU generation on March 13, 2024.
Hindustan Zinc: Vedanta Group firm Hindustan Zinc aims to double its metal production to two million tonnes per annum (MTPA) within the next five years, Chairperson Priya Agarwal Hebbar said.
"With India's expansion in steel capacity and a strong focus on infrastructure, Hindustan Zinc is on track to double its production to two MTPA by 2030, as our zinc plays a critical role in steel galvanisation," Hebbar said in a letter to shareholders.
ACME Solar Holdings: ACME Solar on Sunday said it has planned an investment of ₹17,000 crore on capital expenditure by 2026 with a focus on hybrid and round-the-clock renewable capacities.
The company is also evaluating entry in the nuclear energy segment, though these plans are at a drawing board level, ACME Solar said in a statement.
ACME Solar Holdings plans to invest ₹17,000 crore by 2026, according to the statement.
Radico Khaitan: Radico Khaitan expects sales of Rs 500 crore from its luxury brands, including single malt 'Rampur' and Jaisalmer Indian Craft Gin, in the next fiscal, its Managing Director Abhishek Khaitan said.
The company expects an 8-9% volume growth and value growth of around "12-15%," Khaitan told PTI, adding, "This year has been a good year for us, and hopefully next year should be much better."
Paytm: The Enforcement Directorate has sent a notice to Paytm owner One97 Communications for alleged violation of certain FEMA rules by the company and its two subsidiaries—Little Internet and Nearbuy—with respect to certain investment transactions, according to an exchange filing.
Paytm clarified that the alleged breach pertains to the period when the two companies were not its subsidiaries.
Aditya Birla Real Estate: Birla Estates Private Limited, a wholly owned subsidiary of Aditya Birla Real Estate Limited (formerly Century Textiles and Industries Limited), has announced the successful launch of Birla Trimaya Phase III—The Park, the latest addition to its project in North Bengaluru.
NCC: NCC has received an order valuing ₹218.82 crore (excluding GST) in February 2025. The order is related to the transportation division and is received from the state government and does not include any internal order.
Piramal Enterprises: Piramal Enterprises said in an exchange filing on Friday that it had received a tax demand of ₹1,502 crore for the sale of its pharmaceutical business to Piramal Pharma in fiscal year 2021.
Dalmia Bharat:
Dalmia Bharat has announced a strategic investment of approximately ₹3,520 crore in Maharashtra and Karnataka. As part of this initiative, the company will establish a 3.6 MnTPA clinker unit and a 3 MnTPA grinding unit at its existing Belgaum plant, Karnataka, coupled with a new greenfield split grinding unit with a capacity of 3 MnTPA in Pune, Maharashtra.
Indian Overseas Bank: The public sector lender has received a ₹699.52 crore demand notice from the Deputy Commissioner (ST)-III, Large Taxpayers Unit, Chennai-35, over alleged GST liabilities for the assessment year 2020-21. The notice, dated February 27, 2025, includes a ₹35.26 crore penalty, along with tax and interest.
Ujjivan Small Finance Bank: On Friday, the bank completed the sale of a stressed loan portfolio, including a written-off loan pool with an outstanding value of ₹364.51 crore as of January 31, 2025, to ARC for a consideration amounting to ₹34.26 crore.
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