Indian equity markets are likely to witness stock-specific action on Thursday, March 27, as several companies announced key developments, strategic deals, stake sales, and corporate updates. Here’s a roundup of the top stocks to watch:
Infosys will be in focus after the IT major said it expects to receive a refund of ₹2,949 crore from the Income Tax Department. The refund pertains to assessment years FY17 and FY20 and is expected to strengthen the company’s cash flows.
Wipro announced a significant £500 million (approximately $630 million), 10-year mega deal with the UK’s Phoenix Group. The deal is projected to add $65 million in incremental revenue in FY26, contributing around 0.6% to its estimated FY25 revenue. The announcement follows closely after the company’s $650 million strategic deal, signaling a renewed thrust in its large deal wins.
Ashok Leyland will be on investors’ radar after its EV subsidiary, Switch Mobility, announced the closure of its UK manufacturing and assembly unit. The decision comes amid a slow transition to electric vehicles in public transport across the UK and Europe, with the company now expected to shift focus to its Indian operations for better scale and efficiency.
Hindustan Unilever (HUL) announced the appointment of Rajneet Kohli as Executive Director – Foods, as it strengthens its leadership in one of its key business segments.
Bajaj Finance shares may see some traction after Bajaj Finserv converted its warrants into equity shares of Bajaj Finance, increasing its shareholding to 51.39%. The move reinforces the parent company’s commitment to its financial services arm.
BSE Ltd will be in focus as the exchange has announced a board meeting on March 30 to consider a bonus issue of shares. The potential bonus could drive positive investor sentiment in the near term.
NBCC (India) Ltd has signed a Memorandum of Understanding (MoU) with Mahatma Phule Renewable Energy & Infrastructure Technology Ltd for infrastructure projects worth ₹25,000 crore, to be executed over the next 3 to 5 years.
UPL Ltd has divested an 8.93% stake in Advanta Enterprises to Alpha Wave Ventures for ₹2,150 crore. In addition, Alpha Wave has made a further investment of ₹860 crore for a 3.51% stake, taking its total exposure to over ₹3,000 crore.
Max Financial Services may remain under pressure after news reports suggested that promoter entity Max Ventures is likely to sell a 1.6% stake via block deals. The deal is expected to be worth ₹611.6 crore, with an offer price of ₹1,117.6 per share, a 0.5% discount to the current market price.
JB Chemicals is also in the spotlight after reports indicated that private equity firm KKR is looking to sell a 10.2% stake in the company via block deals. The deal size is pegged at ₹2,576 crore, with an offer price of ₹1,625 per share, at a 4.9% discount to CMP.
These corporate announcements are likely to drive stock-specific movements and could influence market sentiment during today’s trading session.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Please consult your financial advisor before making any investment decisions.
