Stocks to Watch Today, 26th March 2025: NCC, Welspun, Waaree Renewables, Ashoka Buildcon, Prism Johnson and more

After a strong market movement for a week, yesterday, for the first time, the market showed some weakness. While NIFTY & Sensex remained flat, midcap and smallcap witnessed selling pressure. Let’s see how the market behaves today.

Stocks to watch today 

• NCC: The company has got into a formidable position with the acquisition of two work orders from Bharat Sanchar Nigam (BSNL) valued at ₹10,804.6 crore. These orders include the design, supply, construction, installation, upgradation, operation, and maintenance of the middle-mile network for the BharatNet project in the Uttarakhand Telecom Circle (₹2,647.12 crore, excluding GST) and the Madhya Pradesh, DNH & DD Telecom Circles (₹8,157.44 crore, excluding GST).
• Welspun Enterprises: The company reported that its subsidiary, Welspun Michigan Engineers, in a joint venture, has bagged a ₹328.12 crore order from the Brihanmumbai Municipal Corporation (BMC) for the upgrade. It has also secured a 15-year operation and maintenance project of the Haji Ali Storm Water Pumping Station in Mumbai. 
• Waaree Renewable Technologies: The company has also announced a large project win, receiving a Letter of Award for a ₹232.3 crore engineering, procurement, and construction (EPC) project for a ground-mounted solar power plant with a capacity of 170 MW AC/255 MW DC. Waaree Energies will also start its 5.4 GW solar cell manufacturing plant at Chikhli, Gujarat, on 29th March.
• Prism Johnson: It has been declared the preferred bidder by the Madhya Pradesh government for mining leases of the Jamodi Mahanna Sector I (Part B) limestone block with an area of 416.73 hectares, and the Jamodi Mahanna Sector II (Part B) limestone block with an area of 264.156 hectares. 
• SIS: The company has announced a share buyback of up to 37.12 lakh equity shares (representing a 2.57% stake), for ₹150 crore at ₹404 per share. 
• Ashoka Buildcon: The company  has received approval from the Competition Commission of India for the acquisition of 100% equity shareholding in 11 road special purpose vehicles owned by Ashoka Concessions and Ashoka Buildcon by Epic Concesiones  
• Advait Energy Transitions: The company has been selected as the L1 bidder for a Power Grid Corporation of India contract involving the supply and installation of optical ground wire and communication equipment.

Other key updates include: 

Tax authorities have communicated with several companies. 

• Maruti Suzuki India: The company has received a draft assessment order for FY22 proposing additions/disallowances of ₹2,966 crore concerning the returned income. The company has communicated to the exchange that it will file its objections before the Dispute Resolution Panel. 
• TVS Motor Company: The company has been served with an income tax demand order of ₹558.96 crore for AY 2023-24, which it intends to appeal as per the exchange filings. 
• Indian Overseas Bank: The bank has received an income tax demand order worth ₹558.96 crore for AY 2023-24 and is in the process of filing an appeal. 
• Redington: The company intimates to the stock exchange that it has received an order from the Income Tax Department raising a demand of ₹175.10 crore.

Strategic moves and investments that are under scrutiny. 

• Oil and Natural Gas Corporation (ONGC): It has approved an investment of ₹3,300 crore in its renewable energy subsidiary, ONGC Green, which will utilise these funds to acquire a 100% equity stake in Ayana Renewable Power through ONGC NTPC Green. 
• Siemens India: The Company’s energy business demerger into Siemens Energy India has been sanctioned by the National Company Law Tribunal (NCLT), Mumbai, effective 1st March 2025. 
• Brainbees Solutions (Firstcry): The board has approved fund infusions of up to ₹146 crore in Globalbees Brands and AED 9 million (approximately ₹20.98 crore) in Firstcry Management DWC LLC, UAE, both subsidiaries. 
• TVS Motor: Company’s Singaporean subsidiary will acquire an additional 8.26% stake in GO Corporation, Switzerland, for CHF 500,000. 
• Jyothy Labs: The company has divested its entire 75% equity stake in Jyothy Kallol Bangladesh (JKBL) to Kallol Enterprise for Bangladeshi Taka 3,01,92,134.

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

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