Indian equity markets continued their stellar run, marking their best weekly performance in years. Investors shrugged off global uncertainties and snapped up undervalued stocks, pushing the benchmarks higher. On Friday, the NSE Nifty 50 surged 159.75 points or 0.69% to close at 23,350.40, while the BSE Sensex jumped 557.45 points or 0.73% to settle at 76,905.51. During intraday trade, the Nifty touched 23,402.70, and the Sensex scaled 77,041.94.
Today, March 28, several stocks across sectors are expected to remain in focus.
- Godrej Properties: Acquires 10 acres in Yelahanka, Bengaluru, with an estimated revenue potential of ₹2,500 crore.
- Alembic Pharma: US FDA completes inspection of API-III facility at Karakhadi with zero Form 483 observations.
- Welspun Corp: Completes transaction with a strategic investor in Nauyaan Shipyard, securing ₹476.39 crore for a 74% stake.
- Power Mech: Receives a ₹579 crore order (excluding GST) from Bharat Heavy Electricals Limited.
- NCC: Secures a ₹1,480.34 crore project from Bihar Medical Services and Infrastructure Corporation.
- Gland Pharma: Vanguard acquires 18.55 lakh shares.
- Nazara Technologies: Norges Bank pension fund global purchases 719,000 shares at ₹969.65 per share.
- Godrej Agrovet: To buy a 47.38% stake in Creamline Dairy Products.
- TBO Tek: SBI Mutual Fund, ICICI Prudential MF, and Nippon India MF acquire a 4.12% stake worth ₹537 crore.
- Adani Green Energy: Subsidiary commissions a 250 MW solar project in Rajasthan.
- IFCI: Rahul Bhave appointed as MD & CEO for three years.
- Hindustan Copper: Sanjiv Kumar Singh named Chairman and Managing Director.
- Mahindra Lifespace: Targets ₹400-500 crore annual revenue from industrial parks for FY26.
- Avenue Supermarts: Opens its 399th store in Sankeshwar, Belagavi.
- MSTC: Wins work order from Coal India for e-auction services for two years.
- Allied Blenders: Increases production capacity by 15 lakh bulk litres of grain-based spirit for FY25.
- Eureka Industries: Receives a ₹12.10 crore maize supply order from Grainspan Nutrients.
- NMDC: Employees resume duties, and normal operations resume at all projects.
- Unicommerce: Acquires Shipway to enhance its e-commerce solutions.
- Kings Infra: CRISIL upgrades credit ratings.
- Lemon Tree Hotels: Opens 10th hotel in Rajasthan (Keys Prima, Kota).
- Reliance Industries: Acquires 74% stake in Nauyaan Shipyard for ₹382.73 crore.
- Ashoka Buildcon: Reappoints Satish Parakh as Managing Director.
- Wonderla Holidays: Expects a 5-10% rise in summer footfall.
- Allcargo Gati: Doubles authorized share capital from ₹35 crore to ₹70 crore.
- IndusInd Bank: Engages Grant Thornton for fraud checks.
- Apollo Hospitals: Arm buys an 11.2% stake in Keimed for ₹625.23 crore.
- Power Finance Corporation: Incorporates Special Purpose Vehicles (SPVs) as subsidiaries.
- Maithan Alloys: Completes acquisition of Eloise Builders & Constructions.
- Samvardhana Motherson: Declares an interim dividend of ₹0.50 per share.
- Dr. Reddy’s: Board meeting on May 9 for financial results and dividend recommendation.
- IndusInd Bank: Excluded from ASM framework.
- Power Grid: Acquires Fatehgarh II and Barmer I PS Transmission Limited.
- Torrent Power: Transfers equity shares of 20 subsidiaries to Torrent Green Energy for ₹424.26 crore.
- L&T: Approves long-term borrowings up to ₹12,000 crore; Subramanian Sarma promoted to Deputy MD & President.
- UCO Bank: Launches QIP worth ₹2,000 crore.
- Mahindra & Mahindra: Plans to increase SUV and CV prices by 3% in April.
- Fortis Healthcare: Receives injunction order related to Shrimann Hospital acquisition.
- Tata Steel: Incident reported at Kalinganagar steel melting shop, injuries confirmed.
- Minda Corporation: Issues ₹100 crore worth of commercial papers.
- Walchandnagar Industries: President Santanu Ghoshal resigns.
- Birla Cable: Suman appointed as new Company Secretary & Compliance Officer.
- Sundaram-Clayton: Declares ₹4.75 per share interim dividend for FY25.
- Naperol Investments: Declares ₹9 per share interim dividend, record date March 27.
- Jindal Stainless: Executive Director & Group CFO Anurag Mantri resigns.
- JSW Energy: Ashok Ramachandran resigns as Director, Whole-time Director & KMP.
- ICICI Securities: Ex-merger date with ICICI Bank; merger ratio set at 67:100.
- IRCON: Faces a ₹158.89 crore arbitration claim.
- Bodhi Tree Multimedia: Ex-rights date today with a 4:9 ratio.
- Vodafone Idea: Reports inability to furnish a ₹6,051 crore bank guarantee.
- Manappuram Finance: BOFA Securities offloads 40 lakh shares.
- Ujaas Energy: Receives GST department show cause notice for ₹51.14 crore over tax discrepancies.
- Rama Steel Tubes: ICRA downgrades credit ratings.
- Johnson Controls: Customs department alleges incorrect preferential duty claims of ₹58.03 crore.
- Hindalco: Novelis IPO plans postponed by at least a year due to valuation concerns.
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