Stocks to Watch Today, 12th March 2025: Airtel, IREDA, Swiggy, NYKAA, and more

On Wednesday, 12 March 2025, the Indian benchmark indices Sensex and Nifty 50 are expected to open on a muted note following a mixed performance in global markets, with domestic stock activity likely to mirror international cues and foreign investor movements throughout the day. At 7:15 AM, GIFT Nifty futures were down 14 points at 22,550, and investors are now awaiting the release of February’s retail inflation (CPI inflation) data later today, setting the scene for a cautious trading session.

Key Stocks in Focus

Airtel: Bharti Airtel's strategic partnership with SpaceX is a key highlight. The telecom major, led by Sunil Mittal, has joined forces with Elon Musk's SpaceX to introduce Starlink's high-speed satellite internet services to its customer base across India. The collaboration will explore various avenues, including offering Starlink equipment in Airtel's retail stores and extending Starlink services to Airtel's business clients. This move underscores Bharti Airtel's ambition to strengthen its presence in the competitive telecom sector.

IREDA: The Indian Renewable Energy Development Agency Limited (IREDA) announced via a stock exchange filing that its Board of Directors will convene on Monday, 17th March 2025, to deliberate on a proposal to increase its borrowing plan for the fiscal year 2024-25. This development suggests IREDA's intent to potentially finance more renewable energy projects in the near future.

Adani Green Energy: Reported the successful commissioning of a 250-megawatt (MW) solar power project in Kadapa, Andhra Pradesh, through its wholly-owned step-down subsidiary, Adani Solar Energy Ap Eight Private Limited. This addition elevates the company's total operational renewable energy generation capacity to 12,591.1 MW.

Swiggy: The company has made a significant sustainability commitment at its inaugural Swiggy Sustainability Summit. The company aims to transition its entire delivery fleet to electric vehicles (EVs) by 2030. Additionally, Swiggy intends to support all its restaurant partners in adopting sustainable packaging solutions by the same deadline.

PB Fintech: The parent company of Policybazaar, disclosed its plan to invest up to ₹696 crore in its wholly-owned subsidiary, PB Healthcare Services Private Limited, during the financial year 2025-26. The investment will be executed through the purchase of equity shares or compulsory convertible preference shares, potentially leading to PB Fintech holding up to 33.63 per cent stake in PB Healthcare on a fully diluted basis.

FSN e-Commerce Ventures: The parent company of online beauty retailer Nykaa, has established a new wholly-owned subsidiary named Nykaa Essentials Private Limited. This new entity will engage in the trade and distribution of a wide range of products, including cosmetics, toiletries, beauty and personal care items, healthcare goods, lifestyle products, and perfumery products.

Tata Consultancy Services (TCS): Approved the acquisition of Darshita Southern India Happy Homes Private Limited for ₹2,250 crore. 

Rail Vikas Nigam Ltd (RVNL): Secured a project worth ₹554.6 crore from the National Highway Authority of India.

Kaynes Technology: Kaynes Technology India's Managing Director, Ramesh Kunhikannan, received a show-cause notice from the Securities and Exchange Board of India (SEBI) for suspected violations in maintaining the Structured Digital Database (SDD) concerning financial results ending March 31, 2023.

ONGC & NTPC: The Competition Commission of India (CCI) approved the acquisition of Ayana Renewable Power Private Limited by ONGC NTPC Green Private Limited, a joint venture between ONGC Green Limited and NTPC Green Energy Limited.

Canara Bank: The bank has reduced its marginal cost of funds-based lending rate (MCLR) across various tenures, while Fitch Ratings affirmed the Long-Term Issuer Default Ratings for Punjab National Bank and Bank of India, also upgrading their Viability Ratings. 

Godrej Agrovet: The company will acquire the remaining stake in Creamline Dairy Products Limited to make it a wholly-owned subsidiary. 

Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.

To read the RA disclaimer, please click here.