Indian benchmark indices Sensex and Nifty rebounded on Monday (March 17), closing with gains of 0.5% amid a sharp rally in global markets and strong buying in banking stocks.
As investors navigate market trends, several stocks are expected to be in focus today. Here’s a look at key stocks to watch on March 18:
Stocks to Watch Today
Bajaj Finserv
Bajaj Finserv and its promoter companies are set to acquire a 26% stake from Allianz in their general and life insurance businesses.
Manappuram Finance
The board will meet on March 20 to discuss fundraising proposals, which could impact stock movement.
Hindustan Unilever (HUL)
The company has received approval from the Competition Commission of India (CCI) to acquire skincare brand Minimalist in a ₹2,670 crore deal.
NBCC (India) Ltd
The company has secured a project management consultancy contract worth ₹45 crore.
IRCON International
IRCON’s joint venture has bagged an EPC contract worth ₹1,096 crore, with the company’s share valued at ₹285 crore.
Suryoday Small Finance Bank
Promoter, MD, and CEO Baskar Babu has purchased 1.5 lakh shares of the company via the open market.
Shilpa Medicare
The company’s subsidiary has signed a binding term sheet with mAbTree Biologics for a new biological entity, strengthening its biopharma portfolio.
AB Realty
Birla Estates, a subsidiary of Century Textiles and Industries, has launched its luxury residential project in Pune, with a revenue potential of ₹2,700 crore.
Lemon Tree Hotels
The company has signed a license agreement for a 50-room hotel in Bokaro, expanding its hospitality footprint.
Morepen Laboratories
Morepen Labs has launched a new Type 2 diabetes drug, Empamore, marking a significant step in diabetes care solutions.
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.
