The stock market is always active, and today, March 21, is no different. Investors are keeping an eye on several important stocks that might see big movements. These stocks come from different industries, including finance, automobiles, infrastructure, and IT.

Manappuram Finance

Bain Capital, a global investment firm, is set to invest ₹4,385 crore in Manappuram Finance. They will buy an 18% stake at ₹236 per share through a special allotment of shares and warrants. After the deal, Bain Capital’s total stake could be between 18% and 41.7%, while the current promoters will hold 28.9%.

Hindustan Unilever

Hindustan Unilever will invest in Lucro Plastecycle, a company specializing in recycled flexible plastics. They will buy a 14.3% stake to help improve plastic recycling and make packaging more sustainable.

Hero MotoCorp

Hero MotoCorp is entering the electric three-wheeler market by investing up to ₹525 crore in Euler Motors for a 32.5% stake. The investment will be completed by April 30, 2025. The company will also set up a new CSR (Corporate Social Responsibility) unit.

Hindalco Industries

Hindalco plans to invest ₹45,000 crore in aluminium, copper, and specialty alumina projects. The goal is to expand both raw material production and advanced engineered products.

Glenmark Pharmaceuticals

Glenmark Pharmaceuticals’ US division has received final approval from the US FDA for its Olopatadine Hydrochloride Ophthalmic Solution, a medicine used to treat eye allergies (pink eye).

Tata Consultancy Services (TCS)

TCS has partnered with The Cumberland Building Society (UK) to modernize its core banking system. TCS will provide digital banking and home lending solutions to improve efficiency.

RailTel Corporation of India

RailTel has received a ₹16.89 crore contract from the Ministry of Defence to lay optical fiber cables (OFC).

Lloyds Metals and Energy

Lloyds Metals has received environmental clearance to set up:

A 1.2 MTPA wire rod project
A 4.0 MTPA pellet plant in Chandrapur, Maharashtra

Ashoka Buildcon

The company’s Board has re-appointed Satish Parakh as Managing Director and Sanjay Londhe as Whole-Time Director for another three years, starting April 1.

CG Power and Industrial Solutions

CG Power has launched JetChill, a new air cooler technology, marking its entry into the air coolers market.

Central Depository Services (CDSL)

CDSL’s subsidiary, Centrico Insurance Repository, has signed an agreement with LIC to provide insurance repository services.

Piramal Pharma

Piramal Pharma’s subsidiaries, BPCO and PCC, have received approval from the UK Medicines and Healthcare Products Regulatory Agency (MHRA) for Neoatricon, a ready-to-use sterile Dopamine Hydrochloride infusion. PCC will handle its distribution in the EU, UK, and Norway.

Conclusion

Today’s stock market offers both opportunities and risks. By staying informed and making smart decisions, investors can navigate the market confidently. Stay tuned for more updates and insights!

Stock Market Highlights: Top Stocks to Watch on March 21