Stocks to Watch on March 19: Key Market Updates and Top Companies in Focus
Stocks to Watch on March 19: The Indian stock market is expected to open higher on Wednesday, March 19. At 8:02 AM, the GIFT NIFTY futures stood at 22,953.50, up 23 points (0.10%), indicating a 58-point rise in NIFTY50.
Meanwhile, U.S. markets closed lower on Tuesday as investors awaited the Federal Reserve's monetary policy decision. The Dow Jones fell 260.32 points (0.62%), the S&P 500 lost 1.07%, and the Nasdaq declined 1.71%. Asian markets showed mixed trends in early trade.
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Top Stocks to Watch Today
Jio Financial Services
Allianz SE is reportedly planning a partnership with Mukesh Ambani-led Jio Financial Services after ending its 24-year joint venture with Bajaj Group.
Bajaj Auto
Rajivnayan Rahulkumar Bajaj has been reappointed as MD & CEO for five more years from April 1, 2025.
Abhinav Bindra will continue as a non-executive independent director.
The company has approved an additional investment of Rs.1,500 crore in its subsidiary, Bajaj Auto Credit Limited.
GR Infraprojects
Won a Rs.4,262.78 crore highway project from the National Highways Authority of India (NHAI) for Agra-Gwalior Greenfield Road.
LIC (Life Insurance Corporation of India)
Expected to finalize the acquisition of a health insurance company by March 31, 2025.
Vodafone Idea
Launched 5G services in Mumbai, with five more cities to follow.
5G will be offered as an unlimited add-on for plans starting at Rs.299.
CG Power and Industrial Solutions
Approved an interim dividend of Rs.1.3 per share for FY 2024-25.
Record date for eligibility: March 22, 2025.
JK Lakshmi Cement
Received a Rs.45.6 crore tax demand for the assessment year 2022-23.
Shriram Finance
Plans to expand its gold loan business, expecting the market to double in the next five years.
Zydus Lifesciences
Received USFDA approval to manufacture Apalutamide tablets (60 mg) for prostate cancer treatment.
Nazara Technologies
Acquired 8.97% additional equity in Absolute Sports for Rs.69.17 crore, now owning 100% stake.
Juniper Hotels
Acquired Jenipro Hotels Pvt. Ltd., making it a wholly owned subsidiary.
L&T (Larsen & Toubro)
Scheduled a meeting on March 21, 2025, to discuss fundraising through debt issuance.
Adani Enterprises
Mumbai International Airport (operated by Adani Group) proposed a User Development Fee (UDF) of Rs.325 per domestic passenger.
Muthoot Finance
S&P Global Ratings upgraded Muthoot Finance's rating to ‘BB+’ with a stable outlook.
Today’s market trends indicate a positive start, with key stocks making significant moves. Investors should keep an eye on corporate developments and global market cues before making investment decisions.
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