Stocks to Watch Today, 21th March 2025: HUL, Bajaj Finance, Hindalco, TCS, and more

The Indian equity markets are anticipated to experience movement today, underpinned by a positive signal from the GIFT Nifty, which indicated a gain of over 60 points. This follows a robust performance in the preceding session, where the Sensex climbed by 1.19% to reach 76,348.06 and the Nifty50 surged by 1.24% to close at 23,190.65. Several corporate developments across various sectors are likely to keep investors attentive.

Key Stocks in Focus

Manappuram Finance has approved a substantial ₹4,385 crore preferential allotment to Bain Capital. This involves the issuance of 9.29 crore shares at ₹236 each to BC Asia Investments XXV and an equivalent number of warrants to BC Asia Investments XIV, both entities controlled by Bain Capital. This transaction signifies a notable investment by the global private equity firm.

Hindustan Unilever (HUL) has received board approval to acquire a 14.3% stake in Lucro Plastecycle. Lucro Plastecycle is recognised as a leader in recycled flexible plastics. This investment is aimed at bolstering plastic circularity by increasing the availability of recycled content, promoting sustainable packaging solutions, and addressing the challenges associated with recycling flexible plastics, thereby reinforcing HUL's environmental sustainability commitments.

Hindalco has announced ambitious investment plans of ₹45,000 crore across its aluminium, copper, and speciality alumina businesses. Aditya Birla Group Chairman Kumar Mangalam Birla highlighted the company's dedication to being a positive force within the industry while unveiling Hindalco’s new brand identity.

Hero MotoCorp is set to enter the electric three-wheeler market with a proposed investment of up to ₹525 crore in Euler Motors for a 32.5% stake. The acquisition is anticipated to be finalised by April 30, 2025. Furthermore, the board has sanctioned the establishment of a company focused on corporate social responsibility (CSR) initiatives.

Bajaj Finance has declared key leadership changes, with Rajeev Jain appointed as vice chairman and executive director for a three-year term commencing on April 1, 2025. Anup Kumar Saha, the current deputy managing director, has been re-designated as managing director for the remainder of his tenure until March 31, 2028, subject to shareholder approval.

Tata Consultancy Services (TCS) has formed a partnership with The Cumberland Building Society in the UK to modernise its core banking system. TCS will implement its TCS BaNCSTM for Core Banking, TCS Digital Home Lending Solution, and Quartz for Compliance to drive innovation, efficiency, and digital transformation within the financial services sector.

TVS Motor Company’s board has approved an interim dividend of ₹10 per share (1000%), amounting to a total of ₹475 crore for the financial year ending March 31, 2025. This dividend applies to 47.5 crore fully paid-up equity shares of ₹1 each. Additionally, Peyman Kargar has been appointed as the Head of International Business, effective from April 1, 2025.

RailTel Corporation of India has secured a work order valued at ₹16.89 crore from the Ministry of Defence for optical fibre cable (OFC) laying.

Zomato has received approval from the Ministry of Corporate Affairs to change its name to Eternal Limited, effective March 20, 2025. The company has stated that the Registrar of Companies has sanctioned this rebranding, marking a significant shift in its corporate identity.

Other notable developments include Asian Paints’ subsidiary completing the sale of its Indonesia operations for SGD 6.8 million (approximately ₹44 crore), Lloyds Metals and Energy receiving environmental clearance for its expansion projects in Maharashtra, and Piramal Pharma along with BrePco Biopharma receiving UK MHRA approval for Naeoatricon. Furthermore, JSW Energy has successfully raised ₹800 crore through the private placement of non-convertible debentures, and Container Corporation of India (CONCOR) has placed an order worth ₹192 crore for BLSS wagons.

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

To read the RA disclaimer, please click here.