With several companies making big announcements, it can be tricky to keep track of which stocks to watch. From key business deals and leadership changes to financial updates, these developments could impact market movements as well. Here is a quick look at the stocks that will be in focus today, March 4.
Market recap
Indian stock markets had a volatile session on Monday, swinging between gains and losses before ending nearly flat. The Sensex dropped 112 points to close at 73,085, while the Nifty slipped just 5 points to settle at 22,119. Both indices saw sharp movements, with the Sensex fluctuating between 72,784 and 73,649, and the Nifty moving between 22,004 and 22,261.
Stocks to watch 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 has a 19-year repayment period with a fully amortized debt structure, aligning with the operational lifespan of the project. This move is part of AGEL’s capital management strategy to secure long-term funding for its renewable energy assets.
Godrej Properties
Real estate giant Godrej Properties has called off a land development agreement with TCM Limited for a project in Thrikkakara, Kochi. The agreement, signed in 2008, was officially terminated on March 3, 2025. The company did not disclose the reason for the cancellation.
IEX
The Indian Energy Exchange (IEX) reported a 9% jump in electricity trading volumes for February 2025, reaching 9,622 million units (MU). This growth was mainly driven by higher demand in key segments. The Day-Ahead Market (DAM) traded 5,369 MU, up 14% year-on-year, while the Real-Time Market (RTM) surged 23% to 2,887 MU.
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Auto component maker ASK Automotive has teamed up with Japan’s Kyushu Yanagawa Seiki Co Ltd (KYSK) to manufacture high-pressure die-cast alloy wheels for two-wheelers. KYSK will provide technical expertise to ensure high-quality production. In return, ASK Automotive will pay an initial royalty and a running royalty as part of the agreement.
IndiGrid Investment
IndiGrid Investment’s subsidiary, IndiGrid 2 Private Ltd, has secured a major power transmission project. The contract,
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