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Stocks To Watch Today on March 24, 2025: Reliance Industries, NCC, Dr Reddy’s and More

Written by: Kusum KumariUpdated on: Mar 24, 2025, 9:03 AM IST
Key stocks in focus today: Reliance acquires Nauyaan Shipyard, M&M raises SUV prices, NCC wins ₹1,480 crore project, Power Grid secures SPVs, and Apollo invests in Keimed.
Stocks To Watch Today on March 24, 2025: Reliance Industries, NCC, Dr Reddy’s and More
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Indian benchmark indices are likely to be impacted, supported by a global risk-on sentiment amid reports that US President Donald Trump’s tariff measures may be more targeted than initially anticipated. Additionally, GIFT Nifty signalled a higher start for domestic equities.

As of 07:15 AM, GIFT Nifty, which serves as an early indicator of the Nifty 50’s performance, was up 27 points or 0.12% at 23,505. Stocks across the Asia-Pacific region opened on a strong note, along with Wall Street futures, as Trump’s reciprocal tariffs, expected on April 2, are likely to be more selective than previously suggested. Japan’s Nikkei rose 0.14%, while South Korea’s Kospi gained 0.4%.

In the previous week, India’s Nifty 50 surged 4.26% (953.2 points) to close at 23,350.4, while the Sensex jumped 4.17% (3,076 points) to 76,905. This marked the strongest weekly rally for both indices since February 2021.

Here are the key stocks likely to be in focus in today’s trading session.

Reliance Industries

Reliance Industries’s step-down subsidiary, Nauyaan Tradings (NTPL), has completed the acquisition of a 74% stake in Nauyaan Shipyard (NSPL) from Welspun Corp for ₹382.73 crore. With this, NSPL has become a step-down subsidiary of Reliance. Before the deal, NTPL had provided an unsecured loan of ₹93.66 crore to NSPL on an arm’s-length basis.

Adani Enterprises

Cococart Ventures Private Limited, a step-down subsidiary of Adani Enterprises, has set up Cococart International-FZCO in Dubai, UAE, on March 21, 2025. The company has yet to start business operations.

NCC

NCC has received a Letter of Acceptance for a ₹1,480.34 crore project from the Bihar Medical Services & Infrastructure Corporation. The contract involves the redevelopment of Darbhanga Medical College & Hospital (DMCH), including hospital structures and other infrastructure.

Mahindra & Mahindra (M&M)

M&M has announced a price increase of up to 3% on its SUVs and commercial vehicles, effective April 1. The price hike will be different across various models due to rising input costs, inflation, and higher commodity prices.

CG Power

Axiro Semiconductor Private Limited, a wholly owned subsidiary of CG Power, has set up Axiro SemiconduDrr (Shenzhen) Co., Ltd. in China on March 20, 2025.

Dr. Reddy’s Laboratories

Dr. Reddy’s USA subsidiary has completed the sale of its Louisiana-based unit, Dr. Reddy’s Laboratories Louisiana LLC, including its Shreveport manufacturing facility. As a result, the Louisiana entity is no longer a step-down subsidiary of Dr. Reddy’s.

Apollo Hospitals

Apollo Healthco (AHL), a subsidiary of Apollo Hospitals, will buy an additional 11.2% stake in Keimed Pvt Ltd from promoter Shobana Kamineni for ₹625.43 crore. AHL will also make a primary investment of ₹99.99 crore in Keimed.

Power Grid Corporation of India

Power Grid has acquired 3 special purpose vehicles (SPVs) – Fatehgarh II & Barmer I PS Transmission and Chitradurga Bellary REZ Transmission – through a bidding process managed by PFC Consulting for ₹26.57 crore.

  • Fatehgarh II & Barmer I projects will enhance ICT capacity in Rajasthan. 
  • Chitradurga Bellary REZ Transmission involves setting up new 765/400/220kV substations in Karnataka and expanding the existing transmission network. 

Conclusion

Market participants will watch these developments closely as they may influence stock movements today.

 

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.

Published on: Mar 24, 2025, 8:40 AM IST

Kusum Kumari

Kusum Kumari is a Content Writer with 4 years of experience in simplifying financial market concepts. Currently crafting insightful content at Angel One, She specialise in breaking down complex topics into easy-to-understand pieces, blending expertise in market fundamentals and technical analysis.

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