Market Highlights

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Get the latest Indian stock / share market highlights, BSE/NSE stock news, business research reports & details - updated daily by Money Times.

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March 17, 2025

• INOXGFL Group plans to list INOX Clean Energy on domestic stock exchanges in the upcoming financial year ( FY26 ) - CNBCTV18 Citing Sources
• The company aims to raise ₹5,000 crore from the issue.
• INOX Clean Energy will be the fifth listed entity of the $12 billion group.
• The group plans to offer 10-15% stake at a valuation of ₹50,000 crore ($6 billion).
• IPO is expected to hit the market in the third quarter of the 2025-26 financial year
• Beat The Street Bulletin
• Date: 17-Mar-2025
• TG: [https://t.me/BeatTheStreet10]
• Order Wins
• - JOHN COCKERILL: Wins ₹40 Cr order.
• - CEIGALL INDIA: Wins ₹923 Cr order.
• - YOGI: Wins ₹111 Cr order.
• - ORIENTAL RAIL: Wins ₹4.94 Cr order.
• - KEC INT: Wins ₹1267 Cr order.
• - RMC SWITCHGEARS: Wins ₹229 Cr Rajasthan Solar Project.
• - TEERTH GOPICON: Wins 46.29 MW Solar Project in Rajasthan.
• - RPP Infra Projects Ltd.: Secures ₹22.56 Crore Contract for NDT Facility Construction.
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• Acquisition
• - ANKA INDIA: Co. to acquire 100% of Futech Internet Pvt Ltd.
• - CHANDAN HEALTHCARE: Acquires X Life Diagnostics.
• - KIRLOSKAR BROTHERS: Update on acquisition of equity stake in Sunsure Solarpark Nineteen Private Limited.
• - Uber: In early talks to acquire EV ride-hailing firm BluSmart.
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• Leadership Changes
• - DREDGING CORP: CFO resignation.
• - TCS: New Chief Human Resources Officer appointed.
• - TATA MOTORS: Announces intention to appoint Deloitte Haskins & Sells LLP as Statutory Auditors from FY28.
• - YES BANK: Appointment of new management personnel (CFO).
• - Tata Communications: Appoints new Chairman.
• - INDUSIND BANK: Board meeting to review financial stability and potential actions.
• - SYMPHONY: Resignation of President - Operations.
• - CAMS: Partnership with LIC for Insurance Repository Services.
• - INDUSIND BANK: RBI affirms financial stability, remedial action.
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• New Projects
• - TIMKEN INDIA: Investing ₹120 crore to expand Jamshedpur’s rail bearing capacity.
• - BRIGADE ENT: Launches Brigade Eternia in Yelahanka, Bangalore.
• - Dalmia Bharat: Launches 2.4 MTPA cement grinding unit in Assam.
• - Solarium Energy: Signed MOUs for solar panel supply with Citizen Solar and Navitas Solar.
• - Voler Car: Expands to South India with Teleperformance contract.
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• Miscellaneous
• - NATO Sec. Gen. Rutte: Europe commits to much higher defense spending.
• - MTNL: Defaults on payment of ₹8277 Cr to 7 banks.
• - EDELWEISS FINANCIAL: Clarification on FIR filed against Edelweiss.
• - GINNI FILAMENTS: Fire outbreak at the company's garment division godown.
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• USFDA
• - JB CHEMICALS: Inspection of API manufacturing facility (No Observations).
• - SHILPA MEDICARE: USFDA inspection with ZERO observations.
• - ZYDUS LIFESCIENCES: USFDA approval for Eluxadoline Tablets.
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• IPO
• - Ather Energy: Files updated IPO papers, valued at ₹14,000 crores.
• - LG Electronics India: Gets SEBI approval for ₹15,000 Cr IPO via OFS.
• - Allchem Lifescience: Files for ₹905 Cr IPO.
• - INOX Clean Energy: Planning IPO in FY26 (₹5,000 crore).
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• Promoter Bought/Sold
• - SpiceJet: Promoter Stake Sale (Ajay Singh sells 0.90% of his stake).
• - GENSOL ENGINEERING: Clarification on promoter warrants pricing.
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• Collaboration
• - CAMS: Collaboration with LIC for Insurance Repository Services.
• - Rajputana Biodiesel: OMCs launch new biodiesel procurement tender.
• - Solarium Energy: Collaboration with Citizen Solar and Navitas Solar.
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• Fundraising
• - CENTUM ELECTRONICS: Raised ₹210 Cr from QIP.
• - HITACHI ENERGY: Raised ₹2520 Cr via QIP.
• - INDIAN BANK: Board meeting to consider fundraising plan.
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• Other
• - YES BANK: Launch of GST payment facility.
• - Kalyan Jewellers: Extended unsecured loan of ₹50 crore to Kalyan Gold & Diamond Jewellery.
• - Metropolis Healthcare: Withdraws writ petition filed in Delhi High Court.
• - Rohit Chatter: New appointment as Chief Data Officer at Angel One.
• - Ola Electric: Insolvency petition filed by Rosmerta Digital Services.
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• Promoter Stake Sale
• - SpiceJet: Promoter Ajay Singh sells 1.15 crore shares.
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• Miscellaneous Updates
• - Varun Beverages: PepsiCo to expand snacks business in India.
• - Akzo Nobel: Blackstone bids for Dulux paints business.
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• Stay updated with Beat The Street
• INVESTEC ON AU SFB
• buy Rating, Target Price 750 (48% upside )
• We see AU delivering one of the highest earnings growths over FY25E-FY28E (25%+ CAGR) among mid-size banks with RoA expansion
• KTAs:
• a) credit cost is likely to remain elevated till Q2FY26,
• b) MFI collections trends are improving,
• c) loan growth should be in the range of 20%-25% in FY26E,
• d) the rationale for Fincare acquisition is to meet PSL requirements, leverage the cross-cycle profitability of MFI and strengthen its Universal Banking eligibility
• Investec on PI Ind
• Buy, target 4170
• US pricing moves might cut sales by ~1.5% without volume gains
• Process R&D to strengthen core; ‘discovery’ to add growth avenues
• Management was confident of retaining margins
• JEFFERIES ON PATANJALI FOODS
• Initiate Buy Rating , Price Target Rs2,050 ( 19.3 % Upside)
• JEFFERIES ON WAAREE ENERGIES
• Initiate at Hold with Price Target Rs 2,030 ( 4.56 % Downside )
• JEFFERIES ON SAI LIFE
• Initiate Hold Rating, Target Price Rs720 ( Upside 2.85 % )
• *News Headlines from Business News Agencies :*
• *Business Standard :*
• PepsiCo to expandsnacks, packed food range with Indian flavoured products
• Carlsberg India FY24 sales cross Rs 8K cr, profit up 60.5% to Rs 323 cr
• Sebi to finalise SOPfor settlement regulations amid rise in such cases
• Coca-Cola bottler Ladhani Group's SLMG Beverages eyes overseas expansion
• INOXGFL Group to listINOX Clean Energy in FY26, eyes Rs 5,000 cr IPO
• DMRC, Blue Dart to rollout freight services on Delhi Metro soon
• India should seek reciprocity from EU on medical devices under FTA: GTRI
• Time for RBI to revisit bank CEO appointment and reappointment process
• BFSI GCCs reach new heights in India with neo and mid-sized banks
• Housing demand stays strong, prices to rise above inflation: Credai chief
• DVC launches Rs 1,500 cr project to modernise power supply, reduce losses
• Hyperloop electronics tech to be built at ICF Chennai, announces Vaishnaw
• *Economic Times :*
• SAIL to scale upRourkela Steel Plant capacity to 9 MT by 2030 at Rs 30,000 crore investment
• India's merchandise trade deficit will be under pressure in fiscal 2026, services sector to providerespite: Crisil
• Sun Pharma, Zydus recall products in US: USFDA report
• Navi Mumbai airport setto be inaugurated in June, Gautam Adani confirms
• Andhra, HUDCO enter into Rs 11,000 crore loan deal for Amaravati construction
• Apple to begin airpods production for exports at Foxconn's Hyderabad plant from April
• Adani Green Energy aims to be water-positive in all operational locations by 2025-26
• Parl panel recommends single independent drug controller for AYUSH
• EIL, MECON, 4 others infray for RBI's currency management project
• ISRO, SCL develops 32-bit Microprocessors for space applications
• Allchem Lifescience files IPO papers with Sebi; aims to raise Rs 190-cr via fresh issue
• *Mint :*
• UP govt to begin wheatprocurement for Rabi season 2025-26 from March 17
• LTIMindtree's Nachiket Deshpande steps down as COO to lead global AI team
• Lenders transfer₹1,104cr McLeod Russel debt at discount with 5-yr repayment tenure
• India, New Zealand announce resumption of FTA talks after gap of 10 yrs
• Ola Electric’s UnitFaces Two Insolvency Pleas Over Vendor Dues
• Allchem Lifescience files draft papers with Sebi for ₹190 cr IPO
• Sugar output falls 16 pc so far this season; cooperative body flags production ambiguity
• Indian corporate houses remain positive for hiring persons with disabilities
• BIS cracks down on e-commerce platforms like Amazon and Flipkart
• Chhattisgarh aims to double state GDP to ₹10 lakh cr in 5 yrs