Stocks To Watch Today on March 05, 2025: Coforge, Biocon, Adani Wilmar and More in Focus

Indian markets are expected to be impacted today. As of 7:38 AM, GIFT Nifty futures were down by 60.55 points at 22,130.50.

In the previous session, the Sensex dropped by 96.01 points (0.13%) to 72,989.93, while the Nifty50 fell by 36.65 points (0.17%) to 22,082.65.

Here are the key stocks to watch today on March 05, 2025:

Coforge

Technology services provider Coforge has announced its first-ever stock split, with the company’s board approving the decision in the early hours of Wednesday, March 5. Under the approved proposal, each equity share with a face value of ₹10 will be subdivided into five shares, each carrying a revised face value of ₹2.

Biocon

Biotechnology major Biocon has obtained final approval from the US Food and Drug Administration (USFDA) for its Lenalidomide capsules in multiple strengths. The drug is used in the treatment of multiple myeloma, lymphoma, and myelodysplastic syndromes.

Adani Wilmar

FMCG major Adani Wilmar has signed a definitive agreement to acquire GD Foods Manufacturing, the company behind the Tops brand. The acquisition will be executed in phases, with Adani Wilmar acquiring an 80% stake initially, while the remaining 20% will be acquired over the next three years.

Jio Financial

Jio Financial Services will acquire the 17.83% stake in Jio Payments Bank from the State Bank of India for ₹104.54 crore. Following the transaction, Jio Payments Bank will become a wholly owned subsidiary of Jio Financial Services. The acquisition is subject to approval from the Reserve Bank of India and is expected to be finalized within 45 days after clearance.

Ola Electric 

Electric vehicle manufacturer Ola Electric has been issued a notice by IFCI Ltd for failing to meet its first milestone under the Production Linked Incentive (PLI) Advanced Chemistry Cell scheme. The company acknowledged that it had not achieved the targets set under the agreement signed in July 2022.

Apollo Hospitals

Apollo Hospitals is set to expand its proton therapy capacity with a ₹250 crore investment in a comprehensive oncology centre in Hyderabad. The facility will house India’s first Proteus One proton system and is expected to become operational by FY2028.

Power Grid Corp

State-run Power Grid Corporation has secured three inter-state transmission system projects under the tariff-based competitive bidding model. The projects will be developed under the Build, Own, Operate, and Transfer (BOOT) model. The company received the Letter of Intent (LoI) on March 3, 2025, solidifying its role in strengthening the country’s power transmission infrastructure.

Grasim

Aditya Birla Group’s Grasim Industries has begun commercial production at its Birla Opus Paints plant in Mahad, Maharashtra. The facility boasts a total installed capacity of 230 million litres per annum, manufacturing a range of water-based, solvent-based, and distemper paints.

Walchandnagar

Pune-based Walchandnagar Industries is set to acquire a 60.3% stake in Aicitta Intelligent Technology, a startup specialising in unmanned defense systems. The Rs 16 crore investment will be made through a combination of equity shares and compulsorily convertible preference shares, strengthening Walchandnagar’s presence in the defense sector.

GE Vernova T&D

GE Vernova T&D India has secured orders worth ₹500 crore from Power Grid Corporation of India Ltd for the supply and installation of 765kV class transformers and reactors. The orders were awarded under bulk procurement, further strengthening GE Vernova’s role in India’s power transmission sector.

Ambuja Cement

The Competition Commission of India (CCI) has approved Ambuja Cements’ proposal to acquire a 72.8% stake in Orient Cement. Announcing the decision on social media platform X, CCI stated, “CCI approves the proposed acquisition of up to 72.8% shareholding of Orient Cement Limited by Ambuja Cements Limited.”

Conclusion

Indian markets are set for a cautious start, influenced by GIFT Nifty trends. Key corporate developments, including Coforge’s stock split, Biocon’s USFDA approval, Adani Wilmar’s acquisition, and Jio Financial’s stake buy, highlight dynamic sectoral movements. Major investments and regulatory clearances further shape the evolving business landscape on March 5, 2025.

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.