Top Stocks to Watch: Market Movers for March 27, 2025
As the Indian stock market prepares for trading on March 27, a number of key companies are drawing investor interest, including Wipro, BSE, Vedanta, Indian Hotels Company (IHCL), Bharat Forge, UPL, JB Chemicals, Max Financial, and NBCC (India). Today’s trading is particularly notable as investors weigh corporate developments and stock price movements.
Market Overview
On March 26, the benchmark indices in India experienced a setback, breaking a seven-day winning streak. The BSE Sensex fell by 559.84 points, or 0.72%, closing at 77,457.35, while the NSE Nifty50 dropped 181.80 points, or 0.77%, ending at 23,486.85. The recent profit booking coupled with ongoing trade tariff concerns has had an impact on overall market sentiment.
Stocks to Watch
Several stocks are expected to be closely monitored as they head into today’s trading session:
-
Wipro: This leading IT services company has secured a substantial 500 million-pound, 10-year deal with Phoenix Group, the UK’s largest long-term savings and retirement business. This project aims to enhance business administration for Phoenix’s ReAssure segment, emphasizing Wipro’s role in operational transformation.
-
BSE: The board of the Bombay Stock Exchange will convene on March 30 to discuss the potential issuance of bonus shares, a topic that could have implications for investor confidence and stock liquidity.
-
Vedanta: The mining and metals giant has appointed Rajiv Kumar as the CEO of its Aluminium Business for a three-year term, effective March 26. Kumar transitions from a leadership role at Tata Steel, bringing valuable experience to Vedanta.
-
IHCL: The Tata Group’s hotel and hospitality arm has committed $9 million as equity in IHOCO BV, a wholly-owned subsidiary in the Netherlands. This investment is targeted at debt repayment and operational enhancements for its U.S. subsidiary.
-
Bharat Forge: Following a significant deal, the Ministry of Defence has signed contracts worth Rs 6,900 crore for advanced artillery systems with Bharat Forge, solidifying its role as a key player in India’s defense procurement.
-
UPL: In a notable investment move, Alpha Wave Ventures II has acquired a 3.51% stake in Advanta Enterprises, resulting in an investment of $100 million. UPL’s strategic decisions in this regard highlight its proactive growth strategy.
-
JB Chemicals: Reports indicate that promoter Tau Investment Holdings Pte may sell a 10.2% stake via block deals, with the offer price potentially set at Rs 1,625 per share, signaling possible changes in ownership structure.
-
Max Financial Services: The company is also in the spotlight as its promoter, Max Ventures Investment Holding, plans to sell up to a 1.59% stake through block deals, valued at approximately Rs 611.6 crore.
-
NBCC (India): The civil construction firm has signed a strategic memorandum of understanding with Mahatma Phule Renewable Energy and Infrastructure Technology for various consultancy and pioneering projects estimated at Rs 25,000 crore.
Corporate Actions and Developments
A variety of companies will engage in significant corporate actions:
-
Ex-Dividend Trading: Shares of Authum Investment & Infrastructure, Bombay Burmah Trading Corporation, Naperol Investments, and Sundaram-Clayton will begin trading ex-dividend today, marking an important date for dividend investors.
-
Trial Runs and Investments: NHPC has successfully completed a trial run for a significant hydroelectric project, while Torrent Power has engaged in share transactions involving its subsidiaries, reflecting ongoing operational dynamics.
Conclusion
Investors are advised to monitor these developments closely as stock prices react to market sentiment and corporate announcements. Today’s trading may present both challenges and opportunities in a fluctuating market environment. For more information, readers are encouraged to consult with financial experts and stay informed on market movements.
Disclaimer: This article is for informational purposes only and should not be considered investment advice. Always consult with a qualified financial advisor before making investment decisions.
Share this article:
