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Stocks to watch: Shares of firms like TCS, Tata Motors, Infosys, IndusInd Bank, IRFC, Power Grid, and others will be in focus on Monday’s trade
Stocks to Watch on March 17
Stocks to Watch on March 17: Domestic markets closed slightly lower last week, reflecting a consolidative trend amid mixed global cues. In today’s session, several stocks will be in focus due to important news developments. Key stocks to watch include Dr. Reddy’s, Shilpa Medicare, Voltas, TCS, Tata Motors, and others.
Tata Motors
Tata Motors has announced that its board will meet on March 19 to consider a proposal for raising funds up to Rs 2,000 crore.
TCS
TCS has appointed Sudeep Kunnumal as the Chief Human Resources Officer Designate, effective March 14. He will take over as CHRO following the retirement of Milind Lakkad.
IndusInd Bank
The Reserve Bank of India (RBI) reassured shareholders of IndusInd Bank regarding its capital adequacy, despite concerns over a hit to the bank’s net worth. As of December 2024, the bank had a strong Capital Adequacy Ratio of 16.46%, a Provision Coverage Ratio of 70.20%, and a Liquidity Coverage Ratio (LCR) of 113% as of March 9, 2025, above the regulatory requirement of 100%.
Infosys
Infosys has reached a settlement agreement with Infosys McCamish Systems LLC (McCamish) and several of its customers. McCamish will pay $17.5 million into a fund to resolve the matter. The settlement terms are still subject to confirmation and due diligence by the plaintiffs.
Welspun Specialty Solutions
Welspun Specialty Solutions has received a formal purchase contract from Bharat Heavy Electricals Ltd (BHEL) for the supply of approximately 4,050 tonnes of Stainless Steel Seamless Boiler Tubes for various Super Critical Thermal Power Projects. The contract is valued at Rs 231.78 crore (excluding GST) and will be executed over the next 13 months.
NMDC
NMDC’s Board of Directors is scheduled to meet on March 17, 2025, to consider an interim dividend for the financial year 2024-25.
Muthoot Finance
Muthoot Finance, a leading gold financier, achieved a significant milestone on March 13, 2025, by surpassing Rs 1 trillion in assets under management (AUM).
KEC International
KEC International has secured new orders worth Rs 1,267 crore across its businesses, including transmission lines, towers, hardware, and poles in India and the US, as well as cables and conductors for various projects globally.
Tata Communications
Tata Communications has appointed N. Ganapathy Subramaniam (Non-Executive, Non-Independent Director) as the new Chairman of the Board, effective March 14, 2025.
IRFC
Indian Railway Finance Corporation (IRFC) will hold a Board meeting today, March 17, 2025, to consider and approve a second interim dividend for FY25.
Power Grid
Power Grid has announced an investment of Rs 341.57 crore in two transmission projects.
Zydus Lifesciences
Zydus Lifesciences has received final approval from the US FDA to manufacture Eluxadoline Tablets (75 mg and 100 mg) for the treatment of irritable bowel syndrome with diarrhoea (IBS-D). Additionally, the US FDA concluded its inspection at Zydus’ API Unit 1 in Ankleshwar (Gujarat) with no observations.
Shilpa Medicare
The US FDA recently completed its inspection at Shilpa Medicare’s Raichur plant with no observations.
SignatureGlobal (India)
According to a PTI report, SignatureGlobal (India) plans to invest around Rs 4,000 crore to expand its presence in the Gurugram region. The real estate firm is reportedly planning to launch two premium housing projects in the Rs 2-5 crore/unit range.
Brigade Enterprises
Brigade Enterprises has launched ‘Brigade Eternia,’ a residential project in Yelahanka, Bengaluru, spread across 14.65 acres. The project has a potential revenue of over Rs 2,700 crore.
Tejas Networks
Tejas Networks has received an incentive under the Production Linked Incentive (PLI) Scheme worth Rs 123.45 crore for FY 2023-24.
Strides Pharma
Strides Pharma Global Pte., a fully-owned subsidiary of Strides Pharma in Singapore, plans to acquire a 100% stake in Amexel Pte. Ltd. to foster collaborations and business engagements between pharmaceutical manufacturers and suppliers in India, China, and Southeast Asia.
GR Infraprojects
GR Infraprojects has won the Agra-Gwalior Greenfield Road project from the National Highways Authority of India (NHAI), valued at Rs 4,262.78 crore.
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