Stocks To Watch: HCL Tech, Tata Power, HUL, and others
The stock market sees a lot of action. If you’re confused about which stocks to keep an eye on? Below is a thorough overview of the most recent stock-related news to consider before beginning your day. You can keep a hawk’s eye on these stocks today, March 10-
Stocks in Focus: From HCL Technologies to Tata Power, you can read about all the stocks that may see action. Previously, on Friday, the NSE Nifty 50 closed the session 8 points or 0.03% higher at 22,552, while the BSE Sensex fell 8 points or 0.01% to close at 74,333.
Stocks to watch on March 10, 2025
HCL Technologies
In a major leadership transition, HCL Group founder Shiv Nadar has transferred 47% of his stake in HCL Corp and Vama Delhi—two key promoter entities of the group—to his daughter Roshni Nadar Malhotra. This strategic move cements Malhotra’s position as the largest shareholder in HCL Technologies and HCL Infosystems, strengthening the family’s control over the IT conglomerate.
Tata Power
Tata Power Renewable Energy (TPREL), a subsidiary of Tata Power, on Friday said it has signed a memorandum of understanding (MoU) with the Andhra Pradesh government to collaborate and explore opportunities in the renewable energy projects in the state.
Hindustan Unilever
Unilever’s former finance chief Fernando Fernandez, who replaced Hein Schumacher as CEO last week, believes the India business, its second-largest after the US, will see an acceleration in sales growth in the second half of 2025, on the back of Reserve Bank’s interest rate cuts and the government’s fiscal stimulus measures.
HPCL
On Friday, the government named private sector consultant Vikas Kaushal the chairman and managing director of Hindustan Petroleum Corporation (HPCL) for a period of five years, according to an official order. He succeeded Rajneesh Narang, director (finance), who handled the additional charge of CMD since September 1, 2024.
IREDA
Indian Renewable Energy Development Agency (IREDA) said that the RBI didn’t approve the request for equity investment in the 900 megawatt Upper Karnali Hydro Electric Power Project in Nepal. The company said that it will submit its request again. IREDA had earlier received in-principle approval from its board on July 16, 2024, to invest up to 10% equity in GMR Upper Karnali Hydro Power Limited, Nepal and Karnali Transmission Company Pvt. Ltd., Nepal, in partnership with SJVN Ltd.
Gensol Engineering
Gensol Engineering said its promoters sold 9 lakh shares or 2.37% of the total equity shares of the company to unlock liquidity that would be reinvested into the business via equity infusion. The stake sale came days after the share price of Gensol Engineering saw a free fall, declining 40% in the last five days.
Lupin
On Friday, Lupin launched rivaroxaban tablets USP, 2.5 mg, in the US market. This was followed after the final approval from the US Food and Drug Administration (US FDA) for its abbreviated new drug application (ANDA).