Positive global market signals suggest a b opening for the Indian market today. Significant movement may be observed in shares of IndusInd, Infosys, NMDC, Muthoot Finance, Tata Communications, and Power Grid.
Stocks to Watch: Positive signals from global markets indicate a b opening for the Indian stock market on Monday, March 17th. The BSE Sensex and NSE Nifty 50 are expected to see improvement. Investors will be closely watching several key stocks, including major players like IndusInd Bank, Infosys, NMDC, Muthoot Finance, Tata Communications, and Power Grid. Let's examine which stocks might see significant movement today.
IndusInd Bank: RBI Clarification on Financial Health
Amidst recent concerns regarding the bank's net worth, the Reserve Bank of India (RBI) on March 15th stated that IndusInd Bank's capital position is b and its financial health satisfactory. Following this statement, investors will be closely monitoring the bank, potentially leading to share price fluctuations.
Infosys: Settlement of $17.5 Million Dispute
IT giant Infosys informed stock exchanges that its subsidiary, Infosys McCamish Systems LLC (McCamish), reached a settlement with certain customers. Under this agreement, McCamish will pay $17.5 million, resolving the dispute. This news may impact the company's share price.
Welspun Specialty Solutions: Large Order from BHEL
Welspun Specialty Solutions received a significant purchase order from Bharat Heavy Electricals Limited (BHEL). This order is for the supply of 4,050 tons of stainless steel seamless boiler tubes for supercritical thermal power projects, totaling ₹23.178 billion. Completion is expected within the next 13 months, potentially boosting the company's share price.
NMDC: Board Meeting on Interim Dividend Today
Mining giant NMDC's board meeting is scheduled for March 17th to consider an interim dividend for the fiscal year 2024-25. Investors will be closely watching this meeting, which could lead to stock volatility.
Muthoot Finance: AUM Crosses ₹1 Trillion Mark
Leading gold loan financing company Muthoot Finance recently achieved ₹1 trillion in Assets Under Management (AUM). This is a significant milestone for the company, potentially leading to positive sentiment in its shares.
KEC International: Secures Orders Worth ₹1,267 Crore
KEC International, a flagship company of the RPG Group, secured new orders worth ₹1,267 crore across various businesses. This includes orders in the transmission and distribution vertical (800 KV HVDC and 765 KV transmission lines from PGCIL) and tower, hardware, and pole supplies in the US. Additionally, they received orders in the cable vertical, both domestically and internationally.
Tata Communications: Appointment of New Chairman
Tata Communications' board appointed N. Ganapathy Subramaniam as the Non-Executive and Non-Independent Chairman of the company's board of directors, effective March 14th. Investors will be observing this change, which could cause stock movement.
IRFC: Decision on Second Interim Dividend Today
The Indian Railway Finance Corporation (IRFC) board meeting is also scheduled for March 17th to consider the second interim dividend for fiscal year 2025. This meeting's outcome could impact the company's share price.
Power Grid: ₹341.57 Crore Investment
Power Grid Corporation decided to invest ₹341.57 crore in two transmission projects. This investment represents a significant step in the company's expansion, potentially having a positive impact on its shares.
Zydus Lifesciences: USFDA Approval
Pharmaceutical giant Zydus Lifesciences received final approval from the US Food and Drug Administration (USFDA) to manufacture Eluxydolacine tablets (75mg and 100mg) used to treat Irritable Bowel Syndrome with Diarrhea (IBS-D). This news may influence the company's share price.
