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Stocks to watch: Shares of firms like IRCON, NMDC, IDBI Bank, Adani Ent, Apollo Hospitals, and others will be in focus on Monday’s trade
Stocks to Watch on March 24
Stocks to Watch on March 24: Domestic markets wrapped up last week with a strong performance, as the Nifty 50 marked its largest weekly gain in over four years. This rally was driven by increased foreign investor interest and optimism that the recent market slump has reached its bottom. In today’s trading session, stocks such as Adani Green, Adani Enterprises, NCC, Dr. Reddy’s, Max Healthcare, and Apollo Hospitals will be in focus due to significant developments.
L&T:
Larsen & Toubro (L&T) has promoted Subramanian Sarma to the position of Deputy Managing Director and President, effective April 2, 2025.
Godrej Properties:
Godrej Properties, a leading real estate developer, has acquired a 10-acre land parcel in Yelahanka, Bengaluru. The premium residential project, which will also feature a high-street retail component, is expected to generate revenues of Rs 2,500 crore.
NCC:
Infrastructure firm NCC has been awarded a Letter of Award (LoA) for a Rs 1,480.34 crore project from Bihar Medical Services and Infrastructure Corporation.
Power Mech Projects:
Power Mech Projects, a key player in infrastructure and construction, has secured a Rs 579 crore contract from Bharat Heavy Electricals Limited (BHEL) for civil, structural, and architectural works at a power plant in Jharkhand. This order could significantly boost the company’s revenue pipeline, making it a stock to watch.
MSTC:
MSTC, a state-run e-commerce service provider, has landed a major work order from Coal India Limited (CIL) for e-auction services of coal and coal products.
IRCON International:
Government-owned IRCON International is facing an arbitration claim of Rs 158.89 crore regarding a dispute over the supply of crushed track ballast for a railway project in Nepal.
NMDC:
Mining giant NMDC has resumed full operations after a brief slowdown caused by wage settlement disputes.
TVS Holdings:
TVS Holdings, formerly known as Sundaram-Clayton, has declared an interim dividend of Rs 4.75 per share. With 2.2 crore equity shares in circulation, the dividend announcement signals the company’s strong financial position and is expected to keep the stock in focus.
IDBI Bank:
The Reserve Bank of India (RBI) has imposed a penalty of Rs 36.3 lakh on IDBI Bank for lapses in due diligence concerning inward foreign remittances.
Welspun Corp:
Welspun Corp’s board has approved the voluntary delisting of its shares from the Calcutta Stock Exchange (CSE). Despite remaining listed on other major exchanges, the company’s shares are likely to be a focus in today’s session.
Dr. Reddy’s Laboratories:
Dr. Reddy’s Laboratories (USA) has completed the sale of its membership interests in Dr. Reddy’s Laboratories Louisiana LLC, including its manufacturing facility in Shreveport, Louisiana, on March 21, 2025.
Max Healthcare Institute:
Max Healthcare has received approval for the amalgamation of its two wholly-owned subsidiaries, as per a communication received on March 21, 2025.
Apollo Hospitals:
Apollo Healthco (AHL), a subsidiary of Apollo Hospitals, will acquire an additional 11.2% stake in Keimed Pvt Ltd for Rs 625.43 crore from promoter Shobana Kamineni. AHL will also make a primary investment of Rs 99.99 crore in Keimed.
Disclaimer:Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.
