Stocks To Watch Today on March 04, 2025: Adani Green Energy, Godrej Properties, IEX and More in Focus

Indian markets are expected to be impacted today. As of 7:30 AM, GIFT Nifty futures were down by 165 points at 22,093.50.

In the previous session, the Sensex dropped by 112.16 points (0.15%) to 73,085.94, while the Nifty50 fell by 5.40 points (0.02%) to 22,119.30.

Here are the key stocks to watch today on March 04, 2025:

Adani Green Energy

Adani Green Energy has refinanced its $1.06 billion construction loan, originally secured in 2021, for developing a solar-wind hybrid renewable energy cluster in Rajasthan. The new financing comes with a 19-year repayment period and a fully amortised debt structure, aligning with the project’s operational lifespan. This move is part of AGEL’s broader capital management strategy aimed at securing long-term funding for its renewable energy assets.

Godrej Properties

Godrej Properties has terminated its land development agreement with TCM Limited for a project in Thrikkakara, Kochi. Originally signed in 2008, the agreement was officially called off on March 3, 2025. The real estate giant did not disclose the reason for the cancellation.

Indian Energy Exchange

The Indian Energy Exchange (IEX) recorded a 9% increase in electricity trading volumes for February 2025, reaching 9,622 million units (MU). The growth was driven by higher demand across key segments. The Day-Ahead Market (DAM) saw a 14% year-on-year rise, trading at 5,369 MU, while the Real-Time Market (RTM) surged 23% to 2,887 MU.

Ask Automotive

ASK Automotive has partnered with Japan’s Kyushu Yanagawa Seiki Co Ltd (KYSK) to manufacture high-pressure die-cast alloy wheels for two-wheelers. Under the agreement, KYSK will provide technical expertise to ensure high-quality production, while ASK Automotive will pay an initial and running royalty.

RBL Bank 

RBL Bank has announced key leadership changes to strengthen its retail banking operations. Narendra Agrawal has been appointed as President & Head of Branch Banking and Retail Liabilities, while T.S. Pari has assumed the role of Chief Operations Officer (COO).

IndiGrid Investment

IndiGrid 2 Private Ltd, a subsidiary of IndiGrid Investment, has secured a major power transmission project from REC Power Development and Consultancy Ltd. The project involves setting up a transmission network to evacuate power from the Ratle (850 MW) and Kiru (624 MW) hydroelectric projects. It will be executed under the build-own-operate-transfer (BOOT) model.

Ujjivan Small Finance

Ujjivan Small Finance Bank (USFB) has sold its non-performing loan portfolio, including written-off loans worth Rs 364.51 crore, to an Asset Reconstruction Company (ARC). Finalised on February 28, 2025, the move is aimed at cleaning up the bank’s balance sheet and strengthening financial stability.

UNO Minda

Uno Minda has announced a leadership restructuring with Rajeev Gandotra, CEO of the Lighting and Acoustics Domain (LAS)-2, retiring. Vivek Jindal has been appointed as CEO of the consolidated LAS Domain. Alongside these changes, the company has bolstered its R&D capabilities by establishing a new research and engineering centre in the Czech Republic to enhance its lighting solutions technology.

Intellect Design Arena

Intellect Design Arena has successfully taken over the digital banking operations of Central 1 Credit Union in Canada, effective March 3, 2025. The transition includes key platforms such as Forge, MemberDirect, public websites, and mobile apps. To ensure seamless operations, over 140 banking engineers and service team members from Central 1 have joined Intellect.

CEAT

CEAT has established a new subsidiary in Sri Lanka, named CEAT OHT Lanka (Private) Limited, following the receipt of its Certificate of Incorporation.

Azad Engineering

Azad Engineering has raised Rs 700 crore through a qualified institutional placement (QIP), issuing 54.68 lakh shares at Rs 1,280 per share. The allotment was made at a 1.77% discount to the floor price of Rs 1,303.08.

Conclusion

The Indian markets are set for a cautious start, with GIFT Nifty futures indicating a decline. Key stocks, including Adani Green, Godrej Properties, IEX, and RBL Bank, remain in focus due to major developments. Investors will closely watch market trends and corporate actions for potential opportunities and risks in today’s session.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.