Stocks to Watch Today, 11th March 2025: IndusInd Bank, NTPC, Gensol Engineering, BEL, and more

Indian benchmark indices, the Sensex and the Nifty 50, were anticipated to commence trading on Tuesday, March 11, 2025, on a lower note, mirroring a significant decline observed in global markets. This expectation followed a sharp sell-off on Wall Street, where the S&P 500 experienced its most substantial drop since September, the Nasdaq witnessed its worst session since September 2022, and the Dow Jones also registered a notable fall. Concerns surrounding potential recessionary pressures stemming from US tariff policies were cited as a contributing factor to this global downturn. Across Asia, most indices were trading in negative territory, with Japan's Nikkei, Hong Kong's Hang Seng, and Australia's ASX200 all registering considerable losses. The GIFT Nifty futures also indicated a weak opening for the Indian markets.

Key Stocks in Focus

IndusInd Bank: Disclosed a negative post-tax impact of 2.35% on its net worth as a consequence of markdowns on internal derivative trades. Based on the bank's Q3FY25 results, this impact was estimated to be around ₹1,530 crore, surpassing the ₹1,401.3 crore net profit reported for the same quarter. The bank anticipates reversing this impact through net interest income (NII) in Q4FY25.

Gensol Engineering: Promoters are set to inject ₹28.99 crore into the company through the conversion of warrants into equity. This conversion will result in the issuance of 4,43,934 equity shares at ₹871 per share.

Syngene International: Announced the acquisition of its first biologics facility in the USA through its wholly-owned subsidiary, Syngene USA Inc.. The facility was acquired from Emergent Manufacturing Operations Baltimore, LLC. This acquisition is expected to expand Syngene’s bioreactor capacity to 50,000L for large molecule research and manufacturing. Additionally, the company disclosed plans for an investment of up to $56 million in Syngene USA Inc. in multiple tranches.

Bharat Electronics Ltd (BEL): Reported securing additional orders worth ₹843 crore since March 6, 2025. This influx of orders elevates the company’s total order inflow for FY25 to ₹14,567 crore, further solidifying its position as a Navratna Public Sector Undertaking (PSU). The major orders include RF seekers, vessel and air traffic management systems, and electro-optic repair facilities.

Firstsource Solutions: Revised its revenue growth guidance in constant currency for FY25 to 21.8%–22.3%, an upward revision from the previous range of 19.5%–20.5%.

NTPC: NTPC and its subsidiary, NTPC Green Energy Ltd, have signed multiple agreements with the Government of Chhattisgarh, entailing a substantial investment of ₹96,000 crore in the state for various energy projects, including nuclear, pump hydro, and renewable sources. 

Adani Energy Solutions Ltd: AESL was removed from Fitch Ratings' 'Ratings Watch Negative' list, with its long-term foreign and local-currency issuer default ratings affirmed at 'BBB-' and assigned a Negative Outlook. 

Anupam Rasayan India: Entered into a 10-year letter of intent valued at $106 million (approximately ₹922 crores) with a Korean multinational for the supply of a specialty chemical. 

Navin Fluorine: Expanded unit at its Surat plant for manufacturing HFC (R32) has commenced commercial operations. Thermax Chemical Solutions, a wholly-owned subsidiary of Thermax, entered into an agreement with Brazil-based Oswaldo Cruz Química Indústria e Comércio Ltda (OCQ) for manufacturing and trading specialty chemicals.

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