Stocks to Watch Today, 25th March 2025: HCL Technologies, Wipro, SBI Life Insurance, IndusInd Bank, and more

Indian equities look set for a likely strong session on Tuesday after a strong showing on the previous trading day supported by positive global and domestic cues.

Key Stocks in Focus

HCL Technologies, a leading global technology company, has partnered with Western Union, in a strategic partnership aimed at driving innovation and transformation in financial services. The two companies will open a new state-of-the-art technology centre in Hyderabad, India, designed to enhance Western Union's global technology capabilities.

Wipro is a global technology services and consulting company, has launched AI-enabled autonomous agents on its Agentforce platform. This programme aims to transform experiences in the healthcare ecosystem for patients, providers, payers, and healthcare companies, and, at the same time, introduce administrative efficiencies.

IndusInd Bank: The CGST and Central Excise, Thane, has slapped a financial penalty of ₹30.15 crore on IndusInd Bank in connection with certain Goods and Services Tax (GST) issues. In its former statement, the scholarship aforementioned it would take into account appealing the order.

Britannia Industries: Fast-moving consumer goods (FMCG) major, Britannia Industries has confirmed a partial disruption in operations at its manufacturing unit at Jhagadia (Gujarat) following a strike that began on March 24. The company said it is in talks with workers to reach an amicable resolution. its impact is being assessed, said the company, which is managing demand through the resources at its disposal.

Hyundai Motor India: The Hyundai Motor India, which is the local arm of the global auto giant, has received an investment approval of up to ₹694 crore from its board. This capital expenditure is designated for the development and operation of a Tooling Centre in India.

SBI Life Insurance: The Income Tax Department has issued an Income Tax Order to SBI Life Insurance Company, asking for ₹431 crore as tax and interest.

Brigade Enterprises has bought 4.4 acres of land in East Bengaluru. It plans to undertake a residential project on such land, which has an approximate gross development value of around ₹950 crore. Pavitra Shankar, Managing Director, Brigade Enterprises, said the acquisition will boost the company's portfolio.

Rail Vikas Nigam (RVNL), the public sector undertaking involved in railway infrastructure development, has submitted the lowest bid for a Central Railway project worth ₹115.79 crore. The project includes conducting OHE modification work to facilitate the electric traction system in the Itarsi-Amla portion of the Nagpur division.

NHPC, a state-owned power generator, has successfully conducted the trial run of Unit-2 (200 MW) of its Parbati-II Hydroelectric (HE) project (4x200 MW) Himachal Pradesh. Trial runs for the other three units are expected to finish by the end of March, 2025.

Other key updates include: 

• Garden Reach Shipbuilders and Engineers won an order from a German company for building and delivery of two multi-purpose vessels. 
• Punjab & Sind Bank starting its Qualified Institutions Placement (QIP) at a floor price of ₹40.38 per share, with a target to raise ₹2,000 crore. 
• Restaurant Brands Asia has opened its issue for a qualified institutional placement (QIP) with a floor price of ₹62.32 a share. 
• Easy Trip Planners gets board in-principle approval to acquire 49% stake in Big Charter Pvt Ltd Easy Trip Planners to foray into charter aviation.

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

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