Kaynes Technology, The domestic stock market is expected to open flat on Wednesday, March 12. As of 7:54 AM, GIFT NIFTY futures were trading at 22,557, up 39 points or 0.17%, suggesting that the NIFTY50 index may start 8 points lower.
Here’s a rundown of the key stocks to keep an eye on today.
Bharti Airtel: Internal Restructuring in Payments Bank
Bharti Airtel has transferred its entire 69.94% stake in Airtel Payments Bank to its wholly owned subsidiary, Airtel Limited. This move is an internal restructuring, meaning there will be no change in ownership of the bank. The transfer was completed after obtaining all necessary regulatory and corporate approvals.
TCS: Major Acquisition Worth ₹2,250 Crore
Tata Consultancy Services (TCS) has acquired 100% equity shares in Darshita Southern India Happy Homes Pvt Ltd for ₹2,250 crore in an all-cash deal. The acquisition includes land and a building to serve as a delivery center for TCS. The agreement also includes a call option to acquire 100% equity in the entity after two years.
Kaynes Technology: SEBI Show-Cause Notice
Kaynes Technology has come under scrutiny as Managing Director Ramesh Kunhikannan received a show-cause notice from SEBI on March 10, 2025. The notice alleges possible violations in maintaining the structured digital database (SDD) concerning financial results for the period ending March 31, 2023, as per SEBI’s Prohibition of Insider Trading (PIT) Regulations.
Godrej Agrovet: Acquiring Creamline Dairy Stake
Godrej Agrovet has decided to purchase the remaining 48.06% stake in Creamline Dairy Products for ₹930 crore. This acquisition will make Creamline, which operates under the ‘Godrej Jersey’ brand, a wholly owned subsidiary of Godrej Agrovet.
Infosys: Downgrade by Morgan Stanley & Insider Trading
Morgan Stanley has downgraded Infosys, raising concerns over slowing growth and high valuations. Meanwhile, Shruti Shibulal, daughter of Infosys co-founder SD Shibulal, purchased shares worth ₹494 crore in an open market transaction.
CG Power and Industrial Solutions: ₹450 Crore Railway Order
CG Power has secured a ₹450 crore contract for the supply of railway products for Vande Bharat trainsets. Additionally, a long-term agreement includes a 35-year service order for maintenance.
Waaree Renewable Technologies: ₹740 Crore Solar Project
A consortium led by Waaree Renewable Technologies has bagged an EPC contract worth ₹740.06 crore for a 125 MWAC solar power project. The project is expected to be completed within 18 months.
RVNL: Leadership Changes & New Contract
Munna Kumar, Executive Director (BD&P) of Rail Vikas Nigam Limited (RVNL), has resigned as of March 11, 2025. In other news, RVNL emerged as the lowest bidder (L1) for an NHAI project worth ₹554.64 crore.
ONGC & NTPC Green: ₹19,500 Crore Renewable Energy Deal
The Competition Commission of India has cleared the ₹19,500 crore acquisition of Ayana Renewable Energy by ONGC-NTPC Green Pvt Ltd, a 50:50 joint venture between ONGC Green and NTPC Green Energy.
IREDA: Upcoming Board Meeting on Borrowing Plan
Indian Renewable Energy Development Agency (IREDA) has scheduled a board meeting on March 17 to discuss an increase in its borrowing plan for the 2024-25 financial year.
PB Fintech: ₹696 Crore Investment in Healthcare
PB Fintech, the parent company of Policybazaar, has announced a ₹696 crore investment in PB Healthcare Services in the next financial year to expand its business operations.
IndusInd Bank: ₹2,100 Crore Accounting Discrepancy
IndusInd Bank faced a major accounting discrepancy of ₹2,100 crore, leading to a 27% drop in stock prices. The management assured investors that the bank has adequate reserves to cover the shortfall. The Reserve Bank of India (RBI) was informed of the issue in September-October last year, and a final report will be available by early April.
Telecom Stocks: TRAI Data Brings Market Focus
The latest TRAI telecom data has put stocks like Bharti Airtel, Vodafone Idea, and MTNL in the spotlight. Reliance Jio remains the leader with 476.58 million broadband subscribers, followed by Bharti Airtel with 289.31 million and Vodafone Idea with 126.38 million.
- Reliance Jio gained 3.9 million wireless subscribers.
- Bharti Airtel added 1.03 million subscribers.
- Vodafone Idea lost 1.7 million subscribers.
- BSNL and MTNL saw declines of 316,599 and 896,988 subscribers, respectively.
Tata Technologies: Leadership Overhaul
Tata Technologies has implemented key leadership changes to better support clients across the automotive, heavy machinery, and aerospace sectors. The new leadership strategy aligns with its ‘One Team with Customers’ philosophy.
Supreme Industries: $30 Million Acquisition in Pipe Business
Supreme Industries has entered a strategic partnership with Orbia Advance Corporation to acquire its pipes and fittings business in India for $30 million. This partnership grants Supreme exclusive access to Orbia Wavin’s water management technologies in India and SAARC countries.
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Conclusion
Today’s stock market activity revolves around major acquisitions, internal restructurings, regulatory scrutiny, and high-value contracts. Key players like Bharti Airtel, Kaynes Technology, Infosys, IndusInd Bank, and RVNL are making headlines, either through expansions, compliance challenges, or major deals. Investors should keep a close watch on these developments as they unfold throughout the trading session.
