IndusInd Bank, HCL Tech, Wipro, SBI Life, Hyundai, and RVNL among several companies to watch; investors advised to remain cautious amid market volatility.
Stocks To Watch: Investors will be closely monitoring several key stocks during today's (March 25th) trading session on the Indian stock market. The Sensex and Nifty witnessed significant gains in the previous session, resulting in a positive market trend.
Current Market Situation
On Monday, the BSE Sensex closed at 77,984.38, up 1,078.87 points, while the NSE Nifty reached 23,658.35, up 307.95 points. Following this surge, market expectations for the future are being assessed.
Stocks Under Investor Scrutiny Today
1. Britannia Industries
Production at Britannia's Jagdishpura plant in Gujarat has been partially affected due to an employee strike. The company is in talks to resolve the issue.
2. Brigade Enterprises
Real estate company Brigade Enterprises has acquired 4.4 acres of land in Whitefield, Bengaluru. This project is expected to generate approximately ₹950 crore in revenue for the company.
3. IndusInd Bank
The GST and Central Excise Department in Thane has imposed a fine of ₹30.15 crore on the bank. The bank plans to appeal against this decision.
4. HCL Technologies
IT giant HCL Tech has forged a strategic partnership with Western Union. This will involve establishing a state-of-the-art technology center in Hyderabad, promoting innovation in the financial services industry.
5. Wipro
Wipro has introduced AI-powered autonomous agents to revolutionize the healthcare sector, streamlining experiences for patients, providers, and insurance companies.
6. ICICI Bank
ICICI Securities, a subsidiary of ICICI Bank, was delisted from stock exchanges on March 24th.
7. Rail Vikas Nigam Ltd (RVNL)
The company has received an order to upgrade the traction system from 1×25 kV to 2×25 kV in the Itarsi-Amla section of the Nagpur division. The estimated cost of this project is ₹115.79 crore.
8. Hyundai Motor India
Hyundai has invested ₹694 crore in a new tooling center dedicated to stamping tools and automobile panel production.
(Disclaimer: This news is for informational purposes only. Consult your financial advisor before making any investment decisions.)
