Equity benchmark indices Sensex and Nifty ended on a flat note in a lacklustre trade on Tuesday, March 11. The BSE Sensex registered a marginal dip of 12.85 points, or 0.02 percent, to settle at 74,102.32, while the NSE Nifty 50 managed to gain 37.60 points, or 0.17 percent, to close at 22,497.90.
Today, Gift Nifty has signalled a positive start for the market. At 8:14 AM, it stood at 22,555.50, up 0.17%.
Stocks to Watch Today
Rail Vikas Nigam Ltd: Company is the lowest bidder for a highway project in Andhra Pradesh worth Rs 554.64 crore.
Waaree Renewables: Joint venture secures Rs 740 crore solar EPC order for a 125 MWAC project.
Thomas Cook: Announced the launch of a new product, the “Borderless Travel Card.”
Adani Green Energy: Commissioned a 250 MW solar power project in Kadapa, Andhra Pradesh.
Godrej Agrovet: To acquire a 48.06% stake in Creamline Dairy for Rs 930 crore.
Bharti Airtel: Elon Musk’s Starlink ties up with Airtel to enter the Indian market. Airtel and SpaceX to explore collaboration opportunities.
Zydus Life: Board approves block acquisition of 85.6% equity of Amplitude Surgical for €256.8 million.
Adani Enterprises: Adani Group secures a Rs 36,000 crore redevelopment project in Mumbai.
Coromandel International: Murugappa group-promoted company in advanced talks to acquire a controlling stake in Nagarjuna Agrichem.
Nykaa: Incorporates wholly owned subsidiary ‘Nykaa Essentials’ for beauty and personal care.
Canara Bank: Cuts lending rates on select tenures by 5-15 bps, effective March 12.
Kaynes Technology: Managing Director Ramesh Kunhikannan receives a Show-Cause Notice from SEBI.
KPI Green Energy: Appoints Surinder Kumar Negi as chief operating officer.
Greenlam Industries: Shareholders approve an increase in authorized share capital to Rs. 30 crore.
NDMC: Plans for 100% solar power by 2026 with a focus on civic upgrades.
SRU Steels: Announces commencement of operations at its new infrastructure machinery unit in Rajkot on March 11, 2025.
Karur Vysya Bank: ICRA reaffirms its existing credit rating of ICRA A1+ for the bank’s Certificate of Deposit Programme worth Rs 5,000 crore.
Sharika Enterprises Ltd: Receives credit ratings from CARE Ratings Ltd. for its bank facilities.
Oriental Rail: Secures a significant order from Indian Railways worth Rs 2.78 crore.
Biofil Chemicals: Announces the sudden passing of its Chairman and Managing Director, Mr. Ramesh Shah.
Asian Granito India Ltd: Incorporates a subsidiary company, PT AGL SURFACES INDONESIA, in Indonesia on February 7, 2025.
On Mobile Global: Announces the closure of its Qatar branch, effective March 10, 2025.
Muthoot Capital Services: Issues Rs 25 crore of Commercial Paper (CP) on March 11, 2025.
Swiggy: Announces partnership with Sulabh International to transition to a 100% EV delivery fleet by 2030.
Swiggy/Zomato: Rapido in talks to challenge Swiggy and Zomato in the food delivery space.
HCL Technologies: Recognized as one of the World’s Most Ethical Companies for 2025 by Ethisphere.
Binny Mills Limited: Announces resignation of its Company Secretary and Compliance Officer, Smt. K. Aarthi, effective April 30, 2025.
Union Bank: Fitch Ratings affirms Union Bank of India’s Long-Term Issuer Default Rating (IDR) at ‘BBB-‘ with a stable outlook.
Infosys: Company’s promoter Shruti Shibulal buys Rs 494 crore worth of shares amid IT stock fluctuations.
PB Fintech: Plans to invest up to Rs 696 crore in its subsidiary PB Healthcare.
TCS: To acquire Darshita Southern India Happy Homes for Rs 2,250 crore to expand its delivery center.
ICICI Bank/ICICI Securities: Board sets March 24, 2025, as the ‘Record Date’ for the merger. Shareholders will receive 67 shares of ICICI Bank for every 100 shares of ICICI Securities.
Rama Phosphates: ICRA revises the outlook for long-term facilities to negative.
Amiable Logistics (India) Ltd: Receives a show-cause notice from the Customs Department.
D.S. Kulkarni: Faces a Rs 81.76 crore penalty order from the Income Tax Department for FY2015-16.
Tamilnad Mercantile Bank Ltd: Receives a notice of demand from the Income Tax Department for the assessment year 2017-18, amounting to Rs 58.91 crore.
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