The Nifty 50: A Swing of Powerhouse Stocks
Today, the Indian stock markets are likely to open on a positive note, influenced by various factors such as the Q3 GDP data, continued selling by Foreign Institutional Investors (FIIs), Trump’s tariff proposals, and the release of February’s manufacturing PMI. GIFT Nifty futures were trading higher at 22,370, indicating a better opening for the NIFTY50 index.
Auto Sector in Focus
The automobile sector is anticipated to be active, with the release of sales figures for February 2025. The major players in this sector include:
- Maruti Suzuki India: reported a slight increase in total sales, with 199,400 units sold, a 1.3% rise compared to 197,471 units in the same period last year. Domestic passenger vehicle sales reached 160,791 units.
- M&M Tata Motors: witnessed a 15% increase in total sales, with 83,702 units sold in February. The company experienced a 19% growth in utility vehicle sales, with 50,420 vehicles sold in the domestic market.
- Tata Motors: reported an 8% year-over-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
Apart from the auto sector, there are other companies that are likely to be in the limelight:
- Hindustan Zinc: plans 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.
- Coal India: 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.
- 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 MTPA 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
The government has also been busy with various GST and tax-related updates:
- Indian Overseas Bank: 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
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