The Indian stock market closed lower on Friday, March 28, as benchmark indices Sensex and Nifty declined. The 30-share BSE Sensex slipped 191.51 points, or 0.25%, to settle at 77,414.92. Similarly, the NSE Nifty dropped by 72.60 points, or 0.31%, to close at 23,519.35.
As trading resumes on April 1, several stocks across various sectors are expected to remain in focus due to significant developments.
Major Stocks in Focus
ITC
ITC has acquired Century Pulp & Paper from AB Realty for Rs 3,500 crore, marking a strategic expansion in its paper business.
JSW Steel
The company emerged as the successful bidder for Dugda Coal Washery, strengthening its raw material security.
Hindustan Aeronautics Ltd (HAL)
HAL has signed two contracts worth Rs 62,700 crore with the Defence Ministry, bolstering its order book.
L&T Technology Services
L&T Tech has secured a €50 million deal from a European automotive OEM, reinforcing its global presence.
Vodafone Idea (Voda Idea)
The government has converted Rs 36,950 crore of spectrum dues into equity, increasing its stake in the telecom operator to 49%.
GMR Airports
The Airport Economic Regulatory Authority (AERA) has raised the aeronautical tariff for Delhi Airport by 148%, impacting aviation costs.
Housing and Urban Development Corporation (HUDCO)
HUDCO reported a 55% year-on-year (YoY) increase in loan sanctions and a 122% YoY surge in disbursements for FY25.
Indian Renewable Energy Development Agency (IREDA)
IREDA’s Q4 loan growth rose by 27.7% YoY, while loan sanctions surged 23.7% quarter-on-quarter (QoQ).
Godrej Properties
Godrej Properties has sold homes worth Rs 2,000 crore at the launch of its luxury project, Godrej Riverine, in Noida.
LTIMindtree
The IT services firm has partnered with Google Cloud to drive AI-led business transformation.
Shree Cement
The company increased clinker production capacity at Nawalgarh, Rajasthan, to 4.5 million tonnes per annum (mtpa).
Ramco Cements
Ramco Cements has expanded its grinding capacity at Nandyal, Andhra Pradesh, to 2.4 mtpa.
Adani Green Energy
Adani Green operationalized a 25 MW solar power project at Khavda, Gujarat, strengthening its renewable energy portfolio.
NHPC
The company partially commissioned its 300 MW Rajasthan solar project, injecting 31 MW into the grid.
Kalpataru Projects
The firm secured orders worth Rs 621 crore in the Buildings & Factories and Railways business segments.
Tejas Networks
Tejas Networks received Rs 189 crore as the first tranche of the Production-Linked Incentive (PLI) from the Department of Telecommunications.
Power Mech Projects
The company bagged a Rs 425 crore order from Mirzapur Thermal Energy.
RITES
RITES received a Letter of Award (LoA) for a Rs 155 crore project from Numaligarh Refinery.
Bombay Stock Exchange (BSE)
BSE’s board approved a bonus issue of two shares for every one share held.
HBL Power Systems
The company secured five Letters of Award (LoAs) worth Rs 763 crore for the Kavach railway safety project.
Engineers India Ltd (EIL)
EIL bagged consultancy assignments valued at Rs 245 crore.
NCC Ltd
NCC secured total orders worth Rs 5,773 crore in March 2025.
Brigade Enterprises
The company entered into a joint development agreement for a project in Mysuru with a gross development value of Rs 300 crore.
United Spirits
The company sold a property in Malabar Hill for Rs 172 crore.
SRF Ltd
SRF has commissioned and capitalized its belting fabric expansion project.
City Gas Distributors (IGL, MGL, Gujarat Gas)
The government increased the APM gas price by 4% to $6.75/mmBtu, impacting city gas distributors.
IndiGo (InterGlobe Aviation)
The Income Tax department imposed a penalty of Rs 944 crore on IndiGo.
Mphasis
Mphasis received a tax demand order worth Rs 232 crore for assessment years 2019 and 2020.
Varun Beverages
The company’s acquisition in Ghana remains uncertain as the long-stop date for the deal has not been extended.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
