Indian stock markets will track key corporate developments today as multiple companies announced expansion plans, order wins, investments, and management changes.
Stocks in Focus (Positive):
- TCS: Expanded collaboration with Northern Trust to enhance its securities services offering.
- Power Grid: Received a Letter of Intent for an Inter-State Transmission System project in Andhra Pradesh.
- IndiGo: Announced non-stop flights to Manchester & Amsterdam, marking its Europe debut.
- Laurus Labs: Investing ₹833 crore in JV venture ‘KRKA Pharma’ to expand operations.
- Bharat Electronics (BEL): Bagged additional orders worth ₹577 crore since February 20, 2025.
- JSW Energy: Completed ₹16,084 crore payment for the acquisition of KSW Mahanadi Power.
- Biocon: Biocon Biologics and Civica collaborated to expand access to Insulin Aspart.
- Brigade Enterprises: Launched a ₹1,700 crore residential project in Chennai.
- Kalpataru Projects: Secured ₹2,306 crore worth of orders in its T&D business.
- RVNL: Received a Letter of Acceptance from the Railways for a ₹156 crore project.
- Quess Corp: NCLT approval granted for its three-way demerger.
- Eris Lifesciences: Transferred two subsidiaries (EOHPL & AHL) to Eris Therapeutics for ₹862 crore.
- Jindal Stainless: Divested 26% stake in Jindal Coke for ₹194.89 crore.
- Quality Power: Acquired 51% equity stake in Mehru Instrument Transformer for ₹120 crore.
Stocks Under Pressure (Negative):
- Bajaj Finserv: February gross direct premium declined 27% MoM.
- Hexaware: Reported a soft Q4 with constant currency revenue growth at 0.2% QoQ, though margins improved by 30 bps.
- Gensol Engineering: Ankit Jain resigned as CFO; Jabirmahendi Aga appointed as new CFO.
- Ola Electric: Promoter to create additional pledges to cover borrowings.
- Go Fashion: Promoter created a pledge on 7.30 lakh shares (1.35% equity) on March 3-4.
- AGS Transact: Defaults in principal repayment obligations.
Market sentiment will be influenced by sectoral trends, economic data, and global cues, with strong performances expected in the renewable energy, aviation, and IT sectors, while financials and consumer stocks may see pressure.
Disclaimer:
The information provided in this article is for informational purposes only and does not constitute financial or investment advice. Stock market investments are subject to risks, and past performance is not indicative of future results. Readers are advised to conduct their own research and consult a qualified financial advisor before making any investment decisions. Business Upturn and its affiliates do not guarantee the accuracy, reliability, or completeness of the market data provided.
