Market Commentary     07-Mar-25
Stock Alert
Stock Alert: TCS, Power Grid Corporation, NMDC, Biocon, Firstsource Solutions
Securities in F&O Ban:

Manappuram Finance shares are banned from F&O trading on 7 March 2025.

Stocks to Watch:

Tata Consultancy Services (TCS) has signed an expanded deal with Northern Trust, a global financial institution, to centralize and standardize its custody operations across 99 direct and global markets. TCS will deploy its comprehensive TCS BaNCS Global Securities Platform for Northern Trust, which has $17.4 trillion in assets under custody and administration as of December 2024.

Power Grid Corporation of India has been declared the successful bidder to establish an inter-state transmission system in Andhra Pradesh. It has received a Letter of Intent for the project, which comprises the augmentation of transformation capacity at the existing Kurnool-III substation and extension works at the existing C’peta substation, along with a 765kV D/C transmission line.

NMDC informed that government of India has appointed Amitava Mukherjee as chairman & managing director (CMD), effective from 6 March 2025.

Sudarshan Pharma Industries announced that Sachin Mehta has resigned as chief financial officer of the company, effective April 1, 2025. However, he will continue as the joint managing director of the company. The Board has appointed Manoj Lodha as executive director and chief financial officer of the company, effective April 1.

Biocon’s subsidiary, Biocon Biologics, announced a strategic collaboration agreement with Civica, Inc. to expand access and affordability of Insulin Aspart in the United States. As per the agreement, Biocon Biologics will supply Insulin Aspart drug substance to Civica, Inc., which will use the drug substance to produce Insulin Aspart drug products, a rapid-acting insulin analog, at its manufacturing facility in Petersburg, Virginia.

FirstSource Solutions launched its Agentic AI Studio, a solution designed to transform the future of work.

Kalpataru Projects International bagged new orders worth Rs 2,306 crore for transmission and distribution business in overseas markets and building projects in India.

Quality Power Electrical Equipments has acquired 51% of the share capital of Mehru Electrical and Mechanical Engineers for a total cash consideration of Rs 120 crore, through a share purchase agreement.

Previous News
  Tata Consultancy Services partners with Vianai Systems
 ( Corporate News - 17-Apr-25   16:36 )
  Biocon surges on U.S. deal for Eylea copycat drug
 ( Hot Pursuit - 15-Apr-25   09:58 )
  Biocon Biologics inks a settlement and license agreement with Regeneron
 ( Corporate News - 15-Apr-25   09:29 )
  Tata Consultancy Services
 ( Results - Analysis 11-Apr-25   05:46 )
  Indices end with limited losses; Nifty settles below 22,850 mark
 ( Market Commentary - The Week That Was 11-Apr-25   16:55 )
  Nifty April futures trade at premium
 ( Market Commentary - Futures Market 11-Apr-25   16:49 )
  TCS slips after Q4 profit declines
 ( Hot Pursuit - 11-Apr-25   10:21 )
  Stock Alert: TCS, Coromandel Intl, JSW Energy, Biocon, Jindal Stainless Steel
 ( Market Commentary - Stock Alert 11-Apr-25   08:29 )
  Tata Consultancy Services
 ( Analyst Meet / AGM - Conference Call 11-Apr-25   05:52 )
  TCS' net profit slips 1.26% QoQ in Q4 FY25; final dividend at Rs 30/shr
 ( Hot Pursuit - 10-Apr-25   17:01 )
  Tata Consultancy Services consolidated net profit declines 1.69% in the March 2025 quarter
 ( Results - Announcements 10-Apr-25   16:44 )
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  Stock Alert: Wipro, Angel One, Waaree Renewable Tech, Infosys, BHEL
  17-Apr-25   08:35
  Stock Alert: IREDA, Wipro, Swiggy, Lemon Tree Hotels, Dabur India, Angel One
  16-Apr-25   08:35
  Stock Alert: Ircon Intl, Sula Vineyards, Ashiana Housing, NCL Inds, Orient Cement, Aurobindo Pharma
  15-Apr-25   08:29
  Stock Alert: TCS, Coromandel Intl, JSW Energy, Biocon, Jindal Stainless Steel
  11-Apr-25   08:29
  Stock Alert: Shyam Metalics, Senco Gold, NTPC Green Energy, Signatureglobal (India)
  09-Apr-25   08:38
  Stock Alert: Bharat Electronics, Titan Company, Mahindra & Mahindra, P N Gadgil Jewellers
  08-Apr-25   08:35
  Stock Alert: IndusInd Bank, Indian Bank, Godrej Properties, Force Motors, Aurobindo Pharma
  07-Apr-25   08:25
  Stock Alert: HDFC Bank, Bajaj Finance, Alivus Life Science, Ultratech Cement, Nestle India
  04-Apr-25   08:37
  Stock Alert: M&M Financial Services, MOIL, Central Bank of India, Maruti Suzuki India
  03-Apr-25   08:40
  Stock Alert: Tata Motors, Hyundai Motor India, Zaggle Prepaid, V-Mart Retail
  02-Apr-25   08:38
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