Let's catch up on the latest news from the stock market. From significant investments to major deals, order wins, and acquisitions, here’s a quick look at which stocks will be in focus in today's trade:
Stocks to Watch
The company's subsidiary, Biocon Pharma, has received final approvals for its two ANDAs - Lenalidomide capsules and Dasatinib tablets - from the US Food and Drug Administration (US FDA). Lenalidomide is used to treat multiple myeloma, mantle cell lymphoma, and anemia in myelodysplastic syndromes in adults. Dasatinib tablets are used to treat Philadelphia chromosome-positive chronic myeloid leukemia. Biocon Pharma also received tentative approval for its ANDA for Rivaroxaban tablets, which are used in the treatment of deep vein thrombosis and pulmonary embolism.
The digital services and solutions provider has signed a new agreement with Nasdaq-listed travel technology company Sabre Corporation to accelerate product delivery and launch additional innovative AI-enabled solutions.
The company has signed a definitive agreement to acquire GD Foods Manufacturing (India), the owner of the 'Tops' brand. The acquisition will be executed in multiple tranches, with 80% of the shares to be acquired in the first tranche and the remaining 20% to be acquired over the next three years.
The company has received a letter from IFCI regarding the non-achievement of Milestone-1 as per Schedule M of the Programme Agreement dated July 28, 2022. The company is actively engaged with the relevant authorities in this regard and is in the process of filing an appropriate response. The company's subsidiary, Ola Cell Technologies, has entered into a Programme Agreement with the Ministry of Heavy Industries for availing of the Production Linked Incentive Advanced Chemistry Cell (PLI ACC) scheme.
The company has received three orders worth Rs 500 crore from Power Grid Corporation of India for the supply and installation of transformers and reactors under bulk procurement.
Power Grid Corporation of India
The company has been declared the successful bidder for three projects to establish an inter-state transmission system under the Build, Own, Operate, and Transfer (BOOT) basis. The three projects include the transmission system for the evacuation of power from the Rajasthan REZ Ph-V complex, augmentation of transformation capacity at Banaskantha (Raghanesda) PS (GIS), and the transmission system for the integration of Kurnool-IV REZ - Phase-I (for 4.5 GW).
The company has commenced the commercial production of Birla Opus Paints at its plant in Mahad, Maharashtra. With this, 5 out of its total 6 greenfield plants have commenced commercial production, and the installed capacity of decorative paints sold under the brand Birla Opus has reached 1,096 million litres per annum (MLPA).
The company's subsidiary, Intermetal Engineers (India), has executed a Share Purchase Agreement with Ashwath Technologies (Ashwath) and the existing shareholders to acquire 100% of Ashwath's shareholding for Rs 14 crore.
The company plans to commission a comprehensive Oncology Centre, including India's first Proteus One Proton System along with ancillary equipment, over the next three years at a cost of Rs 250 crore.
The company has announced a deal to acquire a 60.3% stake in AiCitta Intelligent Technology, a company engaged in R&D and the manufacture of unmanned ground vehicles (UGVs).
Jeyendran Jayaseelan has resigned from his position as Chief Financial Officer of the company. He will cease to be associated with the company effective March 25, 2025.
ABB Motion has announced a strategic investment through ABB Motion Ventures in the AI start-up UptimeAI, aiming to transform how industrial customers manage the health and performance of motors, drives, and related assets. The transaction consists of ABB taking a minority stake in UptimeAI.
Anand Balakrishnan has resigned as Managing Director and Chief Executive Officer of the company, effective May 31, 2025.
The Competition Commission of India has unconditionally approved the acquisition of a 72.8% stake in Orient Cement by Ambuja Cements.
Bharat Heavy Electricals (BHEL, Trichy) has notified Welspun Specialty Solutions as the L1 bidder for the supply of 4,050 tons of stainless steel seamless boiler tubes for a series of supercritical thermal power projects. The total supply contract value will be Rs 231.77 crore.
Oil and Natural Gas Corporation
The company's subsidiary, ONGC Green, has acquired a 100% equity stake in PTC Energy for Rs 925 crore. PTC Energy is engaged in the renewable energy business and has an aggregate operational wind generation capacity of 288.80 MW. Further, PTC Energy operates 157 wind turbine generators (WTGs) across all its wind farms.
The Competition Commission of India has approved the acquisition of KSK Mahanadi Power Company by the company.
The company has received a Letter of Acceptance for a project worth Rs 729.82 crore from HPSEBL. The project involves the development of distribution infrastructure at the Central Zone of Himachal Pradesh under the Revamped Reforms-based and Results-linked Distribution Sector Scheme (Loss Reduction Work).
The company announced total sales of 3,600 units in February 2025, growing 46.28% over the 2,461 units sold in February 2024.
Bulk Deals
IIFL Facilities Services acquired a 4.38% stake in the company at an average price of Rs 728 per share, from Thai Union Asia Investment Holding, amounting to Rs 435.15 crore.
Cofipalux Invest S.A. sold a 2.92% stake in the company at an average price of Rs 121.66 per share, valued at Rs 12.16 crore.
Plutus Wealth Management LLP acquired a 0.7% stake in the airline company at an average price of Rs 46 per share, amounting to Rs 41.4 crore.
SME Listing on March 5
Shreenath Paper Products
Stocks Trade Ex-Bonus
Anand Rathi Wealth
Vantage Knowledge Academy
Stocks in F&O ban
Manappuram Finance
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