Stocks to Watch: From Biocon to Ola Electric – Here’s a List of 10 Stocks in News Today – Market News
Market Recap
The Indian stock market is buzzing with action, with several stocks gaining attention. Jio Financial set to take control of its payments bank, and Adani Wilmar expanding its portfolio with a new acquisition. These developments could impact market movements as the trading day unfolds on March 5.
Stocks to Watch on March 05, 2025
Biocon – A Key Player in Biotechnology
Biotechnology giant Biocon has secured final approvals from the US Food and Drug Administration for its Lenalidomide capsules in various strengths. This drug is used to treat multiple myeloma, lymphoma, and myelodysplastic syndromes. With this approval, Biocon is set to further expand its footprint in the global biotechnology space.
Jio Financial Services & SBI – A Strategic Partnership
Mukesh Ambani-owned Jio Financial Services will acquire State Bank of India’s 17.83% stake in Jio Payments Bank for Rs 104.54 crore. Once the transaction is completed, Jio Payments Bank will become a wholly-owned subsidiary of Jio Financial Services. The acquisition is subject to Reserve Bank of India’s approval and is expected to be finalized within 45 days post-approval.
Adani Wilmar – A Major Player in FMCG
Adani Wilmar has signed a definitive agreement to acquire GD Foods Manufacturing, known for its brand Tops. The deal will be executed in multiple phases, with AWL acquiring 80% stake initially and the remaining 20% over the next three years. This strategic acquisition is expected to boost Adani Wilmar’s presence in the FMCG sector.
Ola Electric – A Notice from IFCI Ltd
Electric vehicle maker Ola Electric has received a notice from IFCI Ltd for failing to meet its first milestone under the Production Linked Incentive Advanced Chemistry Cell scheme. The company acknowledged the non-achievement of targets as per the agreement signed in July 2022. This development may have a significant impact on Ola Electric’s stock price.
Power Grid – A Key Player in the Energy Sector
State-run Power Grid Corporation has emerged as the successful bidder for three inter-state transmission system projects under the tariff-based competitive bidding model. These projects will be developed under the Build, Own, Operate, and Transfer model. The company received the Letter of Intent (LoI) on March 3, 2025.
GE Vernova – A Key Partner in the Energy Sector
GE Vernova T&D India has secured orders worth Rs 500 crore from Power Grid Corporation of India Ltd for the supply and installation of 765kV class transformers and reactors under bulk procurement.
Grasim Industries – A Major Player in the Cement Sector
Aditya Birla Group’s Grasim Industries has started commercial production at its Birla Opus Paints plant in Mahad, Maharashtra. The plant has a total installed capacity of 230 million litres per annum, covering water-based, solvent-based, and distemper paints.
Apollo Hospitals – A Key Player in the Healthcare Sector
Apollo Hospitals is set to expand its proton therapy capacity by investing Rs 250 crore in a comprehensive oncology center in Hyderabad. The facility will feature India’s first Proteus One proton system and is expected to be operational by FY2028.
Walchandnagar Industries – A Key Player in the Defence Sector
Pune-based Walchandnagar Industries will acquire a 60.3% stake in Aicitta Intelligent Technology, a startup focused on unmanned defense systems. The investment, valued at Rs 16 crore, will be made through equity shares and compulsorily convertible preference shares.
Ambuja Cements – A Key Player in the Cement Sector
The Competition Commission of India has approved Ambuja Cements’ plan to acquire a 72.8% stake in Orient Cement. In a post on the social media platform X, CCI said, “CCI approves the proposed acquisition of up to 72.8% shareholding of Orient Cement Limited by Ambuja Cements Limited.” This development is expected to have a significant impact on Ambuja Cements’ stock price.
These 10 stocks are expected to be in focus on March 5, 2025, with developments such as regulatory approvals, strategic acquisitions, and expansion plans taking center stage. Keep an eye on these stocks to stay ahead of the market action!
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