Stocks to Watch Today - 19th March 2025: Hero MotoCorp, Bajaj Auto, Bharti Airtel, LIC, and more

Indian benchmark indices appear set to extend their gains for a third consecutive day, buoyed by positive global signals in anticipation of the US Federal Reserve meeting outcome, while early trading in domestic stocks also looks promising as the GIFT Nifty—an indicator of the Nifty 50 Index's performance—climbed by 26 points, or 0.12 per cent, to reach 22,957 at 07:30 AM.

Key Stocks in Focus

Hero MotoCorp: The company has announced a significant step towards bolstering its global presence through a joint venture with German firm Schmiedetechnik Plettenberg GmbH & Co. KG. This collaboration will focus on the manufacturing of forged powertrain components in India, specifically targeting international markets. This move underscores Hero MotoCorp’s ambition to integrate more deeply into the global automotive supply chain.

Bajaj Auto: The board of Bajaj Auto has reaffirmed its leadership stability by extending the tenure of Rajivnayan Rahulkumar Bajaj as Managing Director and Chief Executive Officer for another five years, effective from 1st April. In a move signalling a broader strategic vision, Abhinav Bindra has been appointed as a Non-Executive Independent Director for a five-year term starting on 20th May. Furthermore, Bajaj Auto has approved an additional investment of up to ₹1,500 crore in its subsidiary, Bajaj Auto Credit, which will be disbursed in one or more tranches.

Dr. Reddy’s Laboratories: The company in collaboration with Alvotech, has announced that the U.S. Food and Drug Administration (FDA) has accepted the 351(k) Biologics License Application (BLA) for AVT03. Developed by Alvotech, AVT03 is a biosimilar candidate to Prolia (denosumab) and Xgeva (denosumab). 

Zydus Lifesciences: The company has received final approval from the USFDA to manufacture Apalutamide tablets in a 60 mg strength. This medication is an androgen receptor inhibitor used in the treatment of metastatic castration-sensitive prostate cancer and reportedly had annual sales of $1,099.8 million in the United States.

Bharti Airtel: Its shareholders have given their nod to the sale of its passive infrastructure assets to its subsidiary, Indus Towers, through remote e-voting. This decision is in line with the company’s ongoing efforts to streamline its business operations. 

Vodafone Idea: It has entered the 5G arena, launching its services in India starting from Mumbai, with plans to expand to five more cities. This launch is positioned as a strategy to mitigate subscriber attrition and strengthen its competitive standing in the Indian telecom market.

GR Infraprojects: It has been awarded a letter of acceptance (LoA) from the National Highways Authority of India for a substantial project worth ₹4,262.78 crore. This project entails the construction of the Agra-Gwalior Greenfield road across Uttar Pradesh, Rajasthan, and Madhya Pradesh under a DBFOT pattern on BOT (Toll) Mode.

LIC: Life Insurance Corporation of India has issued a clarification regarding media reports about its potential entry into the health insurance business. While LIC confirmed ongoing advanced discussions with a standalone health insurance company to potentially acquire a significant stake, it refrained from naming the target company. Chief Executive Siddhartha Mohanty indicated that the finalisation of this purchase is anticipated before the fiscal year concludes on 31st March.

Nazara Technologies: It has increased its stake in Absolute Sports to 100%. These diverse corporate actions and strategic initiatives across various sectors are expected to contribute to market activity as trading commences.

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

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