Stocks To Watch Today, 4th March 2025: Adani Green Energy, Godrej Properties, Indian Energy Exchange, IRCTC, IRFC & More

Indian markets are set to open lower this morning, March 4, 2025, mirroring a decline in US markets overnight and a cautious trend across Asia-Pacific. It comes against the backdrop of investor angst over US tariffs on imports from Canada, Mexico and China, which have been made worse by simmering geopolitical tensions.

At 7:30 AM, GIFT Nifty futures were down 165 points at 22,093.50, indicating a weak start for domestic indices. The Sensex and Nifty50 had also ended lower previously, as investors were in a risk-off mood.

Key Stocks in Focus

A number of stocks are set to stay in the spotlight today following particular corporate news:

Adani Green Energy: Adani Green Energy (AGEL) has redone a $1.06 billion construction loan it had raised in 2021 for a solar-wind hybrid renewable energy cluster in Rajasthan. The new financing has a 19-year payback term, paralleling the project’s operational life. Power Finance Corporation has refinanced a construction-linked loan to Adani Green for ₹9,261 crore ($1.06 billion).

Godrej Properties: It renewed its pact to develop land with TCM Limited for the proposed project at Thrikkakara, Kochi, signed back in 2008. The cause for the cancellation is not known.

Indian Energy Exchange (IEX): IEX reported a 9% year-on-year growth in electricity trading volumes of 9,622 million units (MU) for February 2025, aided by higher demand in contributor segments. In the Day-Ahead Market (DAM), a 14% YoY growth was recorded with 5,369 MU traded, while the Real-Time Market (RTM) jumped to 2,887 MU, at 23% YoY growth.

IRCTC, IRFC: Indian Railway Catering & Tourism Corporation (IRCTC) and Indian Railway Finance Corporation Limited (IRFC) have upgraded from Miniratna I to the Navratna category, taking a total number of Navratna central public sector enterprises (CPSEs) to 26.

Metropolis Healthcare: Metropolis Healthcare will buy Agra-based Scientific Pathology for an all-cash consideration of ₹55-83 crore, depending upon revenue and Ebitda milestones met. The deal is part of Metropolis’ strategy to expand in western Uttar Pradesh.

RBL Bank: RBL Bank announced important leadership changes aimed at enhancing its retail banking segment. Narendra Agrawal also serves the company as President & Head of Branch Banking and Retail Liabilities, whereas T.S. Pari now takes over the responsibilities as the Chief Operations Officer (COO).

Other Key Developments:

ASK Automotive: Ask Automotive has entered into a partnership with Kyushu Yanagawa Seiki Co Ltd (KYSK) from Japan to produce high-pressure die-cast alloy wheels for two-wheelers.

IndiGrid Investment: IndiGrid has got a major power transmission project from REC Power Development and Consultancy Ltd by IndiGrid 2 Private Ltd.

Ujjivan Small Finance Bank: Ujjivan Small Finance Bank (USFB) has divested its non-performing assets segment, comprising of written-off loans worth ₹364.51 crore, to an Asset Reconstruction Company (ARC).

UNO Minda: UNO Minda recently announced a leadership restructuring and the establishment of new research and engineering centre in the Czech Republic.

Intellect Design Arena: Central 1 Credit Union in Canada has deployed the banking operations of Intellect Design Arena.

Azad Engineering: Azad Engineering has mobilized ₹700 crore through a qualified institutional placement (QIP).

Reliance Industries: A division of Reliance Industries could be fined for not setting up a battery cell plant.

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

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