Let's catch up on the latest news from the stock market. From significant investments to major deals, order wins, appointments and acquisitions, here’s a quick look at which stocks will be in focus in today's trade:
Stocks to Watch
Tata Consultancy Services (TCS)
The global IT services company has partnered with Vantage Towers, Europe’s second-largest telecom tower operator, to launch a digital service platform. The partnership aims to streamline service processes for property owners, enhance retention, and strengthen telecom site partnerships for Vantage Towers across Europe.
The technology services and consulting company launched TelcoAI360 to transform operations for telcos by leveraging AI. The AI-first Managed Services platform will empower telcos to roll out differentiated technology solutions at scale and speed, while delivering a better customer experience at a fraction of the cost.
The pharma company has received final approval from the United States Food and Drug Administration (USFDA) to manufacture Dasatinib tablets in 20 mg, 50 mg, 70 mg, 80 mg, 100 mg, and 140 mg strengths. Dasatinib is used for the treatment of Philadelphia chromosome-positive (Ph+) chronic myeloid leukaemia (CML) in the chronic phase. Dasatinib tablets had annual sales of $1,807.7 million in the United States (as per IQVIA MAT January 2025).
The company has received a letter of acceptance for new projects worth Rs 80.98 crore from the Chennai Metropolitan Water Supply and Sewerage Board. The projects involve the construction of integrated stormwater drain works in M1 & M2 components in the Kovalam Basin in expanded areas in Greater Chennai Corporation Package 16, covering various streets of Zone 15 under the KfW fund.
The Board has approved a borrowing budget of up to Rs 1,22,500 crore for the financial year 2025-2026 through loans and/or the issue of redeemable non-convertible debentures.
The company, through its group companies, has entered into a strategic collaboration with one of its global customers to provide EPC services. The EPC services comprise process design and know-how, procurement, engineering and construction, and commissioning of their performance surfactants and specialty ingredients plant at an overseas location. The company is also in advanced stages of discussions to enhance this collaboration post-commissioning of the plant.
The Board has appointed Nishant Saigal as the Chief Financial Officer (CFO) of the company, effective April 14, 2025. However, Sandeep Jain has resigned as the Chief Financial Officer due to health reasons.
The Board meeting is scheduled for March 10 to consider raising funds through the issue of listed non-convertible debentures on a private placement basis.
Proximus Global, the leading global digital communications company combining the strengths of BICS, Telesign, and Route Mobile, will partner with Nokia to explore opportunities that utilize their respective strengths in network API solutions. This partnership aims to support developers in creating new applications for enterprises, including financial services and healthcare.
The digital product engineering company has launched its IoT Smart C2C Connector. Built on Amazon Web Services (AWS), the IoT Smart C2C Connector addresses challenges faced by service providers in managing and integrating a diverse range of smart home devices.
In November 2024, Mahesh Chhabria had announced his early retirement as the Managing Director of the company, effective March 31, 2025. On March 5, 2025, Mahesh Chhabria also announced his resignation from the Board of the company as Director, effective March 31, 2025.
The company has entered into an agreement with Tech Mahindra. Tech Mahindra will utilize Zaggle’s spend management dashboard, Zatix, for improved visibility on their corporate and purchase card spends, issued in partnership with SBI Cards.
The company's subsidiary, Dalmia Cement (Bharat) (DCBL), has entered into a Share Subscription and Shareholders’ Agreement to acquire a 34.52% shareholding in Kilavikulam Rajalakshmi Solar Power Developer, for Rs 3 crore in one or more tranches. The acquired capacity is up to 10 MW in Tamil Nadu, with the transaction expected to be completed within 2 months.
Bulk Deals
Bandhan Mutual Fund acquired an additional 1.23% stake in the company at an average price of Rs 81 per share, amounting to Rs 48.69 crore. However, Goldman Sachs Funds – Goldman Sachs India Equity Portfolio exited Sterlite by selling its entire 2.13% shareholding at a price of Rs 81.04 per share, valued at Rs 84.09 crore.
Cofipalux Invest S.A. sold 10.2 lakh shares in the company at an average price of Rs 130.5 per share, and 2.43 lakh shares at an average price of Rs 135.93 per share. In total, Cofipalux Invest offloaded a 3.69% stake.
Multitude Growth Funds acquired 9.91 lakh shares in the company at an average price of Rs 11.3 per share.
Block Deals
Envestcom Holding RSC acquired a 0.73% stake in the company at an average price of Rs 2,168.1 per share, valued at Rs 1,831.82 crore. Abu Dhabi-based IHC Capital Holding, through its subsidiaries Green Energy Investment Holding RSC and Green Vitality RSC, sold the same stake of 0.73% at the same price.
Stocks in F&O ban
Manappuram Finance
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