Stocks to Watch Today, 27th March 2025: Wipro, Bharat Forge, BSE, Vedanta, and more

A flurry of corporate announcements and strategic developments is set to make for an active session in the Indian equity markets today. It would be of some concern following Wednesday's rout when benchmark indices broke a seven-day winning run on profit booking and trade tariff worries and investors would track a range of stocks.

Key Stocks in Focus

Wipro signs a 10-year, £500 million strategic contract with Phoenix Group, as the UK’s largest long-term savings and retirement business. The deal, signed between Wipro and its subsidiary Wipro Financial Outsourcing Services Limited, will provide life and pension business administration for ReAssure and will accelerate Phoenix Group’s operational transformation.

Bharat Forge had signed agreements with the Ministry of Defence for the purchase of 155 mm/52 calibre advanced towed artillery gun systems (ATAGS) and high-mobility vehicle 6x6 gun towing vehicles worth ₹6,900 crore. Older, smaller-calibre guns will be replaced by the ATAGS, which will deliver more punch.

BSE to meet on March 30 to consider bonus shares  The Bombay Stock Exchange (BSE) announced a board meeting for March 30 to consider a proposal for issuing bonus shares. This will be the second time since it was listed in 2017 that the BSE board will consider a similar move.

Adjustments in promoter stake are being seen in a few companies. There are also news reports that the Tau Investment Holdings Pte is looking to sell its 10.2 per cent stake in JB Chemicals and Pharmaceuticals via block deals at an indicative price of ₹1,625 per share, which would take the deal size to about ₹2,576 crore. Likewise, Max Ventures Investment Holding has received nod to sell up to 1.59 per cent stake in Max Financial Services through block deals, which would be offered at a price of ₹1,117.6 pee share, giving it a deal size of about ₹611.6 crore.

In terms of financial news, Infosys expects a tax refund of ₹2,949 crore, plus interest, based on the orders of the Income Tax Department for assessment years 2016-17 and 2019-20. On the flip side, Bandhan Bank has received an income tax demand order of ₹119.38 crore, Info Edge has received a demand of ₹17.05 crore, and Indian Bank has received a notice for ₹873.15 crore. SBI Life Insurance: Penalty of ₹23.80 crore.

Vedanta on Saturday appointed Rajiv Kumar as Chief Executive Officer of Aluminium Business, effective March 26. Hindustan Unilever (HUL) appoints Rajneet Kohli as the new executive director for foods, replacing Shiva Krishnamurthy on 7 April Foil India (to Ms. Kohli) In a significant development, Maruti Suzuki India appointed its first Indian employee Sunil Kakkar as the whole-time director on its board.

Indian Hotels Company (IHCL) invested $9 million into its wholly owned Dutch subsidiary, IHOCO BV, for further investment in its US-based subsidiary to repay debt and for general corporate purposes.

NBCC (India) Ltd has entered into a memorandum of understanding (MoU) with Mahatma Phule Renewable Energy and Infrastructure Technology (MAHAPREIT) for jointly undertaking consultancy, EPC, fee-based and redevelopment projects to the tune of ₹25,000 crore.

Ashok Leyland's UK subsidiary Switch Mobility is planning to end manufacturing and assembly operations at its Sherburn facility.

Torrent Power: The company sold equity shares of ten subsidiary companies to its wholly-owned subsidiary, Torrent Green Energy, for ₹474.26 crore.

Piramal Enterprises also made a ₹600 crore rights issue to its subsidiary Piramal Finance.

Sunteck Realty will be investing $10-20 million from its Sunteck Lifestyle International subsidiary for its Dubai project.

Wyre Partners With Sterlite Technologies For FTTH Network Development In Belgium.

Shell Energy India has signed a 5-year RLNG Supply Contract with IRM Energy.

TVS Supply Chain Solutions reorganizes its overseas subsidiaries with a total investment of up to ₹250 crore

Restaurant Brands Asia has completed a QIP of ₹500 crore.

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