Several key corporate announcements are set to drive investor attention on March 26, with developments across IT, pharma, defence, infra, and financial services sectors. Here are the top stocks likely to be in focus:
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Infosys is in the spotlight after it received tax refund orders worth ₹2,949 crore from the Income Tax Department for Assessment Years 2016-17 and 2019-20. The company is evaluating the impact on its Q4 and full-year FY25 financials. Additionally, Infosys has incorporated a new step-down subsidiary in the Netherlands to strengthen its global BPM footprint.
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JB Chemicals and Pharmaceuticals will be closely watched as promoter group KKR plans to sell a 10.2% stake worth approximately ₹2,575 crore via a block deal on March 27.
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Bajaj Finserv has converted warrants worth ₹1,188.85 crore into equity shares of Bajaj Finance, marginally increasing its stake from 51.27% to 51.39%.
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Wipro has bagged a $650 million contract with UK insurance major Phoenix Group, marking one of its significant international deal wins.
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Bharat Forge shares may remain active after the company secured a key role in a ₹6,900 crore artillery defence contract, boosting its presence in India’s growing defence manufacturing sector.
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Marico has completed the intra-group merger of its Vietnam-based subsidiaries, simplifying its overseas structure.
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Ashok Leyland’s UK subsidiary Switch Mobility has announced the shutdown of manufacturing at its Sherburn facility, a strategic move in its global operations.
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Bandhan Bank has received a ₹119.38 crore tax demand from the Income Tax Department, which may influence investor sentiment.
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Sterlite Technologies (STL) has partnered with Belgium-based Wyre to co-develop custom optical solutions for FTTH network expansion in the region.
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TVS Supply Chain Solutions has approved ₹250 crore funding for its overseas arms to aid in global expansion.
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NBCC has signed an MoU with MAHAPREIT for ₹25,000 crore worth of infrastructure projects in Maharashtra, potentially boosting its order pipeline.
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NHPC has completed a successful trial run of Unit 3 of the Parbati-II hydroelectric project in Himachal Pradesh, adding to its generation capacity.
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MSTC has declared a third interim dividend of ₹4.50 per share for FY25.
These corporate actions and regulatory updates are expected to influence market movements in today’s session.
Disclaimer: This article is for informational purposes only. Investors should consult certified financial advisors before making any investment decisions.
