Market Overview: A Turbulent Start to the Fiscal Year
Indian stock markets began the new fiscal year on a bearish note amid concerns over US reciprocal tariffs. The BSE Sensex plunged 1,390.41 points (-1.80%) to close at 76,024.51, while the NSE Nifty50 tumbled 353.65 points (-1.50%) to settle at 23,165.70. Despite the sell-off, several stocks remain in focus due to corporate actions, financial updates, and regulatory developments.
Corporate Actions to Watch
- Ex-Dividend Stocks: ADC India Communications, RailTel Corporation of India, MSTC.
- Ex-Bonus Stocks: Capital Trade Links, Sahaj Solar, Ranjeet Mechatronics.
Stocks in Focus Before Market Opening
Tata Steel: Strategic Investment in IFQM
The steel giant acquired 1.24 crore equity shares worth Rs 12.49 crore in the Indian Foundation for Quality Management (IFQM). With this acquisition, Tata Steel’s stake in IFQM has surged from 9.09% to 16.66%.
Power Grid Corporation: Fundraising & Transmission Projects
Power Grid’s board will meet on April 4 to discuss fundraising via NCD issuance. The company has also secured a project to set up an inter-state transmission system for evacuating power from the Mahan Energen Generating Station (Madhya Pradesh) on a BOOT (Build-Own-Operate-Transfer) basis.
Coal India: Price Hike for Coal
Coal India’s board has approved a Rs 10 per tonne increase in the notified price of both coking and non-coking coal, applicable across regulated and non-regulated sectors starting April 16.
Shriram Finance: RBI Nod for Acquisition
The Reserve Bank of India (RBI) has granted approval for Shriram Finance to acquire a 100% stake in Shriram Overseas Investments (SOIPL) from Shriram Investments Holdings.
Tata Consumer Products: Tax Demand Notice
The Income Tax Department has issued an assessment order for FY 2021-22, demanding Rs 262.08 crore (including interest) due to additions and disallowances.
Siemens India: NCLT Sanctions Demerger
The National Company Law Tribunal (NCLT) in Mumbai has approved the demerger of Siemens’ energy business, transferring it to Siemens Energy Indian market .
RITES: Contract Termination with UP State Bridge Corporation
The state-run railway consultancy firm has mutually agreed with UP State Bridge Corporation (UPSBCL) to terminate a consultancy agreement due to differences over certain contract provisions.
NMDC: Iron Ore Production Decline
- Production: Fell 27% YoY to 3.55 MT in March 2025 (vs. 4.86 MT in March 2024).
- Sales: Increased 6.3% YoY to 4.21 MT.
JSW Energy: Record Capacity Expansion
- FY25 Capacity Addition: 3.6 GW (highest annual expansion).
- Total Installed Capacity: 10.9 GW (surpassing 10 GW FY25 target).
- Q4FY25 Addition: 2.8 GW.
Hindustan Copper: Exceeding Production Targets
- Matanjkhand Copper Project (MCP) achieved 103% of its annual target, producing 27.25 lakh tonnes of ore.
- Copper ore processing stood at 24.34 lakh tonnes (97% of annual target).
Polycab India: Tax Dispute
The Income Tax Department has issued an assessment order for FY23, demanding Rs 8.53 crore due to disallowed expenditures.
Godawari Power & Ispat: Mining Suspension
Mining at the Boria Tibu iron ore mines has been temporarily halted due to the expiration of mining plan approval. Operations are expected to resume within 10 days after renewal from the Indian Bureau of Mines.
MOIL: Manganese Ore Price Hike
- Mn-44% & above: 3% price increase.
- Mn-44% & below: 0.5% price increase.
Indian Bank: New Chief Vigilance Officer (CVO)
The Government has appointed Venkatachalam Anand as the new CVO, replacing Vishesh Kumar Srivastava, who has moved to Bank of Baroda.
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SJVN: Solar Project Trial Completion
SJVN Green Energy completed the trial run of 241.77 MW under Phase-I of the 1,000 MW Bikaner Solar Power Project. The capacity is set to achieve COD (Commercial Operation Date) on April 2.
Zaggle Prepaid Ocean Services: Truecaller Partnership
The company has signed a Master Services Agreement with Truecaller International LLP to provide Zaggle Save (employee expense management & benefits) for one year.
Syngene International: New CEO Appointment
- Peter Bains has been appointed MD & CEO, effective April 1.
- The appointment awaits shareholder approval.
Sansera Engineering: Partnership with IIT Madras
Sansera’s MMRFIC Technology unit signed an MoU with IIT Madras to develop a RISC-V-based Secure SoC.
Vaibhav Global: Tax Dispute Over Transfer Pricing
The Income Tax Department (Jaipur) issued a draft order for AY 2022-23, proposing Rs 204.86 crore in adjustments over transfer pricing issues.
Conclusion
With significant corporate actions, regulatory approvals, and financial updates, these stocks are likely to remain in the spotlight before the market opens on April 2, 2025. Investors should stay alert to these developments as they could impact stock prices and market trends in the coming days.
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