The stock market is gearing up for an exciting day of trading on March 17, 2025, following a break for the Holi holiday and the weekend. As investors return, they will need to navigate a plethora of information from global market shifts, corporate developments, and economic indicators that have piled up during the hiatus. Let’s delve into the stocks that are poised to capture attention today and explore their significance.
Market Overview
Before the break, on March 13, both the Sensex and Nifty indices concluded the trading session on a downward trend. The Sensex dipped 200.85 points, or 0.27%, finishing at 73,828.91, while Nifty fell by 73.30 points, closing at 22,397.20, marking a 0.33% decline.
Key Stocks to Watch on March 17, 2025
Infosys
Infosys McCamish Systems, a key subsidiary of Infosys, has successfully negotiated a $17.5 million settlement concerning six class-action lawsuits in the U.S. linked to a cybersecurity breach that occurred in November 2023. This resolution came to fruition after mediation on March 13.
Wipro
In a strategic move, Wipro is restructuring its Global Business Lines (GBLs) to sharpen its focus on artificial intelligence, cloud computing, and digital transformation. This new structure will take effect on April 1, 2025, aiming to better align with the evolving demands of its clients.
IndusInd Bank
IndusInd Bank has recently attracted attention as the Reserve Bank of India (RBI) stepped in to quell rumors regarding its financial stability. The RBI confirmed that IndusInd maintains a robust Capital Adequacy Ratio of 16.46% and a Provision Coverage Ratio of 70.20% for the quarter ending December 2024. With a Liquidity Coverage Ratio of 113%, the bank appears to be on solid ground.
IRFC
The Indian Railway Finance Corporation (IRFC) has called for a board meeting on March 17 to discuss a potential second interim dividend for the fiscal year FY25. Shareholders eligible for this dividend will be determined by a record date set for March 21.
NMDC
Mining powerhouse NMDC is also convening a board meeting on March 17 to deliberate on an interim dividend for FY25. To adhere to SEBI regulations on insider trading, the company has temporarily closed its trading window until March 19.
GR Infraprojects
Infrastructure firm GR Infraprojects has secured the Agra-Gwalior Greenfield Road project, valued at ₹4,262.78 crore. This project, awarded by the National Highways Authority of India (NHAI), will be executed under the Build-Operate-Transfer (BOT) toll model.
Zydus Lifesciences
Zydus Lifesciences has announced that its API Unit 1 in Ankleshwar, Gujarat, has successfully passed a recent USFDA inspection with no issues noted, highlighting its compliance with global regulatory standards.
JB Chemicals
Similarly, JB Chemicals has reported that its API manufacturing facility located in Panoli, Gujarat, cleared its recent USFDA inspection without any regulatory concerns.
Ola-Rosmerta
In legal news, Rosmerta Digital Services has initiated an insolvency proceeding against Ola Electric, citing alleged defaults in payment. This action was taken on March 15, as per the company’s filings with the exchange, where Rosmerta managed vehicle registrations for Ola Electric at various regional transport offices (RTOs).
Power Grid
The Power Grid Corporation, a state-owned entity, has approved an investment of ₹341.57 crore for two new transmission projects aimed at facilitating power evacuation from the Ratle (850 MW) and Kiru (624 MW) hydroelectric projects in Jammu and Kashmir. The completion of these projects is anticipated by mid-2026.
Tejas Networks
Tejas Networks has received a significant financial incentive of ₹123.45 crore from the Ministry of Communications. This funding is part of the Production-Linked Incentive (PLI) Scheme for the fiscal year 2023-24, providing a boost to the telecom equipment manufacturer.
As the market opens today, these developments will likely shape investor sentiment and trading activity, making it an exciting day on the stock exchange.
