The stock market is buzzing with action, and there are many stocks in focus. From major acquisitions to regulatory approvals, such as Jio Financial set to take control of its payments bank, to Adani Wilmar expanding its portfolio with a new acquisition, these developments could impact market movements as well. If you are tracking the market, these are the stocks to watch as the trading day unfolds, on March 5.
Market Recap
Indian stock markets closed in the red on March 4, with the Sensex slipping 96 points to settle at 72,989.93, while the Nifty dropped 36.65 points to end at 22,082.65.
Stocks to watch on March 05, 2025 Biocon
Biotechnology giant Biocon has secured final approvals from the US Food and Drug Administration for its Lenalidomide capsules in various strengths. This drug is used to treat multiple myeloma, lymphoma, and myelodysplastic syndromes.
Jio Financial Services & SBI
Mukesh Ambani-owned Jio Financial Services will acquire State Bank of India’s 17.83% stake in Jio Payments Bank for Rs 104.54 crore. Once the transaction is completed, Jio Payments Bank will become a wholly owned subsidiary of Jio Financial Services. The acquisition is subject to Reserve Bank of India’s approval and is expected to be finalized within 45 days post-approval.
Adani Wilmar
FMCG major Adani Wilmar has signed a definitive agreement to acquire GD Foods Manufacturing, known for its brand Tops. The deal will be executed in multiple phases, with AWL acquiring 80% stake initially and the remaining 20% over the next three years.
ALSO READOYO fast-tracks IPO plans as debt deadline looms: Report Ola Electric
Electric vehicle maker Ola Electric has received a notice from IFCI Ltd for failing to meet its first milestone under the Production Linked Incentive Advanced Chemistry Cell scheme. The company acknowledged the non-achievement of targets as per the agreement signed in July 2022.
Power Grid
State-run Power Grid Corporation has emerged as the successful bidder for three inter-state transmission system projects under the tariff-based competitive bidding model. These projects will be developed under the Build, Own, Operate, and Transfer model. The company received the Letter of Intent (LoI) on March 3, 2025.
GE Vernova
GE Vernova T&D India has secured orders worth Rs 500 crore from Power Grid Corporation of India Ltd for the supply and installation of 765kV class transformers and reactors under bulk procurement.
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