Stocks To Watch Today, 3rd March 2025: Maruti, M&M Tata Motors, Hindustan Zinc, & More

The Indian stock markets are anticipated to commence trading on a positive note today, influenced by the Q3 GDP data from India that was released last week, continuous selling by Foreign Institutional Investors (FIIs), Trump's tariff proposals, positive global signals, and the scheduled release of February's manufacturing PMI. GIFT Nifty futures were trading at 22,370 at 7:30 AM, which is approximately 90 points higher than Nifty futures' last closing. Another report indicates that GIFT NIFTY futures were at 22,351.50 at 7:59 AM, down 3 points or 0.01%, suggesting a higher opening for the NIFTY50 index by 71 points.

Auto Sector in Focus 

Automobile stocks are likely to be active due to the release of sales figures for February 2025.

• Maruti Suzuki India: Reported a slight increase in total sales, with 199,400 units in February, compared to 197,471 units in the same month last year. Domestic passenger vehicle sales reached 160,791 units.
• Mahindra & Mahindra: Experienced a 15% increase in total sales, reaching 83,702 units in February. Utility vehicle sales in the domestic market saw a 19% growth, with 50,420 vehicles sold.
• Tata Motors: Reported an 8% year-on-year decline in domestic and international sales, totalling 79,344 units in February. Total domestic sales fell by 9% to 77,232 units.
• Eicher Motors: Showed a 19% year-on-year rise in total sales, with 90,670 units sold in February. Domestic sales increased by 19% to 80,799 units.
• TVS Motor Company: Recorded a 10% growth in monthly sales for February 2025, with 403,976 units sold.

Other Stocks to Watch

• Hindustan Zinc: Aims to double its metal production to two million tonnes per annum (MTPA) within five years.
• Glenmark Pharmaceuticals: Is recalling approximately 1.5 million bottles of a generic medication for attention deficit hyperactivity disorder in the US market due to "CGMP Deviations".
• Radico Khaitan: Expects sales of ₹500 crore from its luxury brands in the next fiscal year, anticipating volume growth of 8-9% and value growth of 12-15%.
• Coal India: Experienced a marginal 0.9% decline in coal production in February, with production at 74.1 MT.
• ACME Solar: Plans to invest ₹17,000 crore in capital expenditure by 2026, focusing on hybrid and round-the-clock renewable capacities and is considering entering the nuclear energy segment.
• NMDC: Registered a 17.8% increase in iron ore production in February, with 4.62 million tonnes (MT).
• NLC India: Secured a contract from SJVN to develop and operate a 200 MW wind power project. The project is expected to generate 526 MU of clean energy annually.
• One97 Communications (Paytm): Received a show-cause notice from the Enforcement Directorate (ED) for alleged FEMA violations involving transactions over ₹611 crore related to subsidiary acquisitions.
• Dalmia Bharat: Plans to invest approximately ₹3,520 crore in Maharashtra and Karnataka to add 6 MnTPA cement capacity.
• Piramal Enterprises: Received a tax demand of ₹1,502 crore for the sale of its pharmaceutical business to Piramal Pharma in fiscal year 2021.
• NCC: Received an order worth ₹218.82 crore (excluding GST) in February 2025 related to the transportation division from the state government.

GST and Tax-Related Updates

• Indian Overseas Bank: Has received a demand notice of ₹699.52 crore from tax authorities over alleged GST liabilities for the assessment year 2020-21.
• Hyundai Motor India: Received a tax demand notice of ₹15 crore from GST authorities for the period FY 2020-21 and FY 2021-22.
• Mahindra Holidays: Received a demand of over ₹17.5 crore from the GST authority in Chennai due to an alleged mismatch in turnover and reversal of input tax credit-related matters.

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

To read the RA disclaimer, please click here.