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Stocks to watch: Shares of firms like IndusInd Bank, Hitachi Energy, Arvind Fashions, IIFL Finance, and others will be in focus on Tuesday’s trade
Stocks to watch on March 11
Stocks To Watch on March 11: Indian benchmark indices closed in the red on Monday, with Nifty and Sensex declining after a positive start. The sell-off across multiple sectors, particularly auto and energy, led to losses. Nifty ended at 22,460.30, down by 92.20 points, and Sensex closed at 74,038.24, losing 294.34 points.
As markets resume today, these stocks will be in focus due to recent developments:
- Hitachi Energy India launched a Qualified Institutions Placement (QIP) with a floor price of Rs 12,112.50 per share.
- City Union Bank announced the opening of three new branches in Tamil Nadu, expanding its network to 848 branches.
- Centum Electronics also launched a QIP, with a floor price of Rs 1,219.65 per share.
- NTPC and NTPC Green Energy signed agreements worth Rs 96,000 crore with the Chhattisgarh government for nuclear, hydro, and renewable projects.
- Indian Bank appointed M Swarajya Lakshmi as Internal Ombudsman, effective March 10.
- Urja Global appointed Sachin Kumar Agrahari as CFO, replacing Sushil Prajapati.
- Syngene International acquired its first biologics site in the USA and will invest up to $56 million in its subsidiary Syngene USA Inc.
- Bharat Electronics secured additional orders worth Rs 843 crore, bringing its total accumulated orders for the year to Rs 14,567 crore.
- NLC India approved external commercial borrowings up to $200 million with a green shoe option.
- Aditya Birla Capital invested Rs 300 crore in its subsidiary Aditya Birla Housing Finance.
- Indian Railway Finance Corporation will meet on March 17 to consider a second interim dividend for FY24-25.
- Ashoka Buildcon received a Letter of Acceptance for a Rs 312 crore project from Maharashtra State Electricity Transmission Co.
- MSTC secured a work order from Coal India for conducting e-auctions of coal products.
- HEG signed agreements to invest up to Rs 500 crore in Bhilwara Energy, supporting its energy transition platform.
- Hisar Metal Industries reappointed R S Bansal as CFO effective April 1, 2025.
- Anupam Rasayan India signed a 10-year deal worth $106 million with a Korean multinational company.
- Emcure Pharmaceuticals expanded into the daily supplements space with its Arth range.
- Hindustan Zinc approved the issuance of non-convertible debentures (NCDs) worth up to Rs 500 crore.
- AGI Infra reappointed Sukhdev Singh Khinda as MD and Salwinderjit Kaur as Whole-Time Director.
- Gensol Engineering saw promoters infuse Rs 29 crore through warrant conversion into equity.
- Nectar Lifesciences faces scrutiny after a European inspection revealed critical observations.
- Indoco Remedies received a Form 483 following an inspection by US FDA investigators.
- Navin Fluorine commercialized its plant for Hydrofluorocarbons (HFC) and dispatched its first lot.
- IIFL Finance will consider NCD issuance up to Rs 10,000 crore on March 13.
- Arvind Fashions will expand its premium retail chain, Club A, in Hyderabad and Bangalore.
- Thermax entered into a partnership with Oswaldo Cruz Química to establish a manufacturing facility for acrylic resins in India.
- IndusInd Bank reported an adverse impact of 2.35% of its net worth due to an internal review, but its capital adequacy remains strong.
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