Stocks to watch: The domestic equity market is likely to open in negative territory on Wednesday, March 5.
The GIFT NIFTY futures suggest that the NIFTY50 index will open 63 points lower.
Here is a list of stocks that may remain in focus today.
Coforge: The company has announced a stock split in the ratio of 1:5. This means that one equity share having a face value of ₹10 each will be divided into five equity shares having a face value of ₹2 each, fully paid up.
Besides,
Coforge has entered into a 13-year partnership with travel technology company Sabre Corporation. The agreement, valued at about USD 1.56 billion (about ₹13,607 crore), will see Coforge as a key partner in helping Sabre speed up product development and launch AI solutions.
Grasim Industries: The company announced the commencement of the commercial production of the Birla Opus Paints plant at Mahad, Maharashtra. Grasim added that its installed capacity of decorative paints sold under the brand “Birla Opus” has reached 1,096 million litres per annum (MLPA).
Ambuja Cements: The Competition Commission of India on Tuesday cleared Ambuja Cements' proposal to acquire a majority stake in CK Birla Group firm Orient Cement Ltd for ₹8,100 crore.
Ambuja Cements, a part of the diversified Adani Group, operates 22 integrated cement plants across India, as well as 10 bulk cement terminals and 21 grinding units.
RVNL: The company has received a letter of acceptance from HPSEBL for the “Development of Distribution Infrastructure at the CENTRAL ZONE of Himachal Pradesh under the Revamped
Reforms-based and Results-linked Distribution Sector Scheme (Loss Reduction Work).
The cost of the project is ₹729.82 crore.
Avanti Feeds: Thai Union Group on Tuesday divested a 4.4% stake in
Avanti Feeds for ₹435 crore through an open market transaction.
Thailand-based Thai Union Group is a producer of seafood-based products.
According to the block deal data available on the National Stock Exchange (NSE), Thai Union Group, through its arm Thai Union Asia Investment Holding, sold 59.77 lakh shares, amounting to a 4.4% stake in Avanti Feeds.
JSW Energy: The Competition Commission of India on Tuesday cleared JSW Energy's proposal to acquire KSK Mahanadi Power Company.
"The proposed transaction involves the acquisition of 100% shareholding in KMPCL (which is currently undergoing CIRP initiated under the Insolvency and Bankruptcy Code, 2016) by JSWEL (through JSW Thermal)," the regulator said in a release.
Incorporated in 2009, KSK Mahanadi Power Company Ltd. (KMPCL) owns a 3,600 MW thermal power plant located in Chhattisgarh.
KMPCL is undergoing the Corporate Insolvency Resolution Process (CIRP).
In another development, the company on Tuesday said it has raised ₹1,200 crore by issuing non-convertible debentures (NCDs) on a private placement basis.
Jio Financial Services: The company on Tuesday said that its board of directors has approved the acquisition of 7,908,000 equity shares of JPBL from SBI for an aggregate consideration of ₹104.54 crore. Post this acquisition, JPBL will become a wholly owned subsidiary of the company.
Adani Wilmar: FMCG firm Adani Wilmar Ltd. (AWL) on Tuesday announced the acquisition of GD Foods Manufacturing, which sells food products like pickles and sauces under the Tops brand.
Adani Wilmar sells edible oils and other food products under the Fortune brand.
In a regulatory filing, the company informed that it has signed a definitive agreement to acquire GD Foods Manufacturing (India) Private Limited.
TCS: Tata Consultancy Services (TCS) has appointed Sanjay V. Bhandarkar as Additional Director and Non-Executive Independent Director of the company for a term of five years, effective immediately, according to a regulatory filing.
Power Grid: Power Grid Corporation of India on Tuesday said it has secured three projects related to the setting up of inter-state power transmission systems.
Power Grid Corporation of India Limited has been declared as the successful bidder under tariff-based competitive bidding for three projects to establish an interstate transmission system under the Build, Own, Operate, and Transfer (BOOT) mode. The letter of intent (LoI) for the respective projects has been received by Power Grid on March 3, the company said in a regulatory filing.
GE Vernova T&D: GE Vernova T&D India Ltd on Tuesday said it has secured orders worth ₹500 crore to supply and install transformers and reactors under the bulk procurement from Power Grid Corporation.
According to a regulatory filing, the orders will be executed within 36 months.
ONGC: ONGC's wholly owned subsidiary ONGC Green has acquired a 100% equity stake in PTC Energy Limited (PEL). PEL is engaged in the renewable energy business. It has an aggregate operational wind generation capacity of 288.80 MW located at 7 locations in Andhra Pradesh (AP), Madhya Pradesh (MP), and Karnataka. It operates 157 Wind Turbine Generators (WTGs) across all its wind farms.
Ola Electric: Ola Electric Mobility on Tuesday said its wholly owned subsidiary has received a letter from IFCI for missing out on targets specified under the Production Linked Incentive Advanced Chemistry Cell scheme (PLI ACC).
As per the government sources, the company did not meet production and investment-related criteria specified under the PLI ACC scheme.
Reliance Industries: The government has slapped a penalty on a unit of Reliance Industries Ltd for failing to meet the deadline for setting up a battery cell plant for which it was granted production-linked incentives, the firm said on Tuesday.
In a stock exchange filing, Reliance said its step-down subsidiary, Reliance New Energy Battery Storage Ltd., on March 3 received "a letter from the Ministry of Heavy Industries levying liquidated damages at the rate of 0.1% of the performance security (₹50 crore) for each day of delay from January 1, 2025."
Walchandnagar Industries: Walchandnagar Industries has announced a deal to acquire a majority stake in AiCitta Intelligent Technology, a company engaged in R&D and the manufacture of Unmanned Ground Vehicles (UGVs). As part of the deal, WIL will acquire a ~60.3% stake, and the transaction is expected to be completed over a period of time.
Apollo Hospitals:
Apollo Hospitals on Tuesday said it has tied up with Ion Beam Applications to introduce proton beam therapy solutions for cancer treatment.
The healthcare major has tied up with Ion Beam Applications to introduce the Proteus One system in India.
"The addition of Proteus One to our Apollo Proton Cancer Centres further solidifies our position as a global leader in proton therapy. This next-generation technology will allow us to achieve superior clinical outcomes and significantly improve the quality of life for cancer patients in India and beyond," Apollo Hospitals Enterprise Founder-Chairman Prathap C. Reddy said in a statement.
Biocon: Biocon Pharma, a wholly owned subsidiary of the company, has received final approvals for its following ANDAs from the US FDA:
Lenalidomide capsules, in 2.5 mg, 5 mg, 10 mg, 15 mg, 20 mg, and 25 mg strengths. Lenalidomide is a medication used to treat types of multiple myeloma, mantle cell lymphoma, follicular lymphoma, marginal zone lymphoma, and anaemia in myelodysplastic syndromes (MDS) in adults;
Dasatinib tablets are available in 20 mg, 50 mg, 70 mg, 80 mg, 100 mg, and 140 mg strengths. Dasatinib is used to treat Philadelphia chromosome positive chronic myeloid leukaemia (Ph+CML) in adults and children of 1 year of age and older.
Force Motors: The company said its domestic sales of SCV, LCV, UV, and SUV were up 48.81% in February 2025.
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