In a remarkable rally, the Indian stock market has witnessed a surge in investor wealth by Rs 17.43 lakh crore over the past four days. The BSE benchmark Sensex jumped over 3%, reclaiming the 76,000 level. On Thursday, the Sensex soared 899.01 points or 1.19% to settle at 76,348.06, with an intraday high of 76,456.25.
As trading resumes on Friday, March 21, several stocks are expected to remain in focus due to key corporate developments across various sectors.
Stocks to Watch on March 21
- Bajaj Finance: Rajeev Jain has been elevated to the position of Vice-Chairman, while Anup Saha has been appointed as the Managing Director.
- Manappuram Finance: Bain Capital is set to acquire a stake worth over $1 billion at Rs 236 per share.
- Bharat Electronics Limited (BEL) / Bharat Dynamics Limited (BDL): The Defence Acquisition Council has approved defence proposals worth Rs 54,000 crore.
- TVS Motor Company: Announced a dividend of Rs 10 per share and appointed Peyman Kargar as the Head of International Business.
- Welspun Corp: The company will sell a 74% stake in Nauyaan Shipyard to Reliance Strategic for Rs 383 crore.
- Tata Consultancy Services (TCS): Partnered with Cumberland Building Society to transform its core banking solutions.
- Hero MotoCorp: To invest Rs 525 crore in EV three-wheeler and four-wheeler maker Euler Motors for a 32.5% stake.
- Hindalco Industries: Rebranded itself as an engineering solutions provider.
- Glenmark Pharmaceuticals: Received US FDA approval for Olopatadine Hydrochloride, a treatment for conjunctivitis.
- CG Power and Industrial Solutions: Expanded its consumer durables portfolio by entering the air cooler market.
- Lloyds Metals & Energy: Secured environmental clearance for wire rod and pellet plant projects in Maharashtra.
- RailTel Corporation: Won a work order worth Rs 16.89 crore from the Defence Ministry for optical fiber cable (OFC) laying work.
- Embassy Developments: Signed a land deal worth Rs 1,125 crore in Bangalore.
- Signature Global: To acquire an 8.39-acre land parcel in Gurugram, with a commercial development potential of 2 million square feet.
- Rail Vikas Nigam Limited (RVNL): Received a Letter of Award (LoA) for a project worth Rs 554.6 crore from the National Highways Authority of India (NHAI).
- Hindustan Construction Company (HCC): A joint venture with TPL secured a Rs 2,470 crore order from Tata Power.
- IT Stocks: Accenture raised the lower end of its guidance, but its stock fell due to exposure to US government contracts.
- IndiGo Airlines: Market share dropped to 63.7% in February from 65.2% in January.
- Ola Electric: Maharashtra RTO shut down 34 showrooms and seized vehicles, though the company maintains that operations remain unaffected.
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.
