Stock Market News: 20 March Top Stocks Expected to Surge

Indian Stock Market – Exploring Lucrative Investment Prospects on March 20th, 2025

Mazagon Dock Shipbuilders Ltd

• Industrials | Large Cap
• Rs.2566.00/-

BSE Ltd

• Financial Services | Mid Cap
• Rs.4381.75/-

Polycab India Ltd

• Technology | Mid Cap
• Rs.24946.55/-

Garden Reach Shipbuilders & Engineers Ltd

• Industrials | Small Cap
• Rs.21663.80/-

KEI Industries Ltd

• Technology | Mid Cap
• Rs.2.831.90/-

Bharti Airtel Ltd

• Communication Services | Large Cap
• Rs.1664.85/-

KEC International Ltd

• Industrials | Small Cap
• Rs.2835.80/-

Interglobe Aviation Ltd

• Industrials | Large Cap
• Rs.5066.50/-

Infosys Ltd

• Technology | Large Cap
• Rs.1607.70/-

Hindustan Aeronautics Ltd

• Industrials | Large Cap
• Rs.3711.00/-

National Highways Infra Trust

• Infrastructure Investment | Small Cap
• Rs.133.50/-

Reliance Industries Ltd

• Energy | Large Cap
• Rs.1256.30/-

One Mobikwik Systems Ltd

• E-Commerce/App based Aggregator | Small Cap
• Rs.7319.65/-

Wipro Ltd

• Technology | Large Cap
• Rs.268.20/-

Jio Financial Services Ltd

• Finance | Large Cap
• Rs.229.66/-

Varun Beverages Ltd

• Consumer Defensive | Large Cap
• Rs.543.45/-

Trending Top Stories in The Indian Stock Market on March 20th, 2025

1. Godrej Seeds & Genetics Limited, part of the Promoter Group, acquired 11,020 and 1,31,000 equity shares of Godrej Properties on March 7 and 10, 2025.

2. Indegene expands its European footprint with a new center in London, enhancing life sciences consulting and commercialization solutions.

3. Garden Reach Shipbuilders signs its first MoU with a North-Eastern state, partnering with PWD Nagaland for the supply of eight Double Lane Modular Steel Bridges.

4. JM Financial maintains a Buy rating on Bharat Heavy Electricals, setting a target price of Rs 358.

5. Motilal Oswal lowers Paytm’s target price to ₹870, maintaining a Neutral rating, while Jefferies keeps its target price at ₹850 amid concerns over UPI incentives.

6. Defence ministry finalizes a Rs 7,629 crore contract with L&T and Hanwha Defence for the procurement of 100 K-9 Vajra-T gun systems.

7. Softrak Venture Investment announces a stock split, reducing equity shares from Rs 10 to Re 1, effective March 21, 2025.

8. Greenlam Industries declares a 1:1 bonus issue of equity shares, with March 21, 2025, set as the record date for eligibility.

9. Citi and Jefferies maintain Buy ratings on InterGlobe Aviation, setting target prices at ₹5,200 and ₹25,700, respectively, citing strong growth prospects.

10. Roni Households announces a 1:1 bonus issue of equity shares, granting 1 bonus share for every fully paid-up share held as of March 21, 2025.

11. Shukra Pharmaceuticals announces a stock split, lowering the face value from Rs 10 to Re 1, effective March 21, 2025.

12. Optimus Finance declares a stock split, subdividing 1 equity share of Rs 10 into 10 equity shares of Re 1 each.

13. IREDA launches its first perpetual bonds worth Rs 1,247 crore, offering an 8.40% coupon rate to enhance Tier-I capital.

14. Polycab India shares to remain in focus as Adani Enterprises enters the cables and wires sector through a joint venture.

15. Havells India shares to watch as Adani Enterprises steps into the cables and wires industry via a joint venture.

16. Axis Capital upgrades Indraprastha Gas (IGL) to Buy, revising the target price to Rs 224.

17. HSBC cuts PI Industries’ target price to ₹3,500 from ₹3,700, citing export challenges and persistent weakness in core business.

18. Nomura maintains a Neutral rating on Voltas with a target price of ₹1,404, while CLSA assigns a Hold rating with a target price of ₹1,375 amid rising production costs.

19. Nomura maintains a Neutral stance on DLF, setting a target price of ₹700, with pre-sales projected to hit Rs 200 billion in FY26.

20. CLSA keeps an Outperform rating on Zee Entertainment, targeting ₹170, citing attractive valuation and strong earnings recovery potential.

21. Rajesh Palviya recommends buying HAL, setting a target price of Rs 3,820, while the current market price stands at Rs 3,740.

22. Sharekhan assigns a Buy rating on State Bank of India, forecasting a target price of Rs 980, indicating a potential 31% upside.

23. Axis Capital issues a Reduce rating on Gujarat Gas, setting a target price of Rs 390.

24. Axis Capital initiates coverage on Mahanagar Gas (MGL) with a Buy rating, setting a target price of Rs 1,580.

25. Jefferies maintains a Hold rating on Paytm, keeping the target price at ₹850, citing concerns over dwindling UPI incentives affecting profitability.

26. Mazagon Dock Shipbuilders begins construction of propulsion systems for Scorpene-class submarines.

27. CARE Ratings upgrades Waaree Energies’ long-term bank facilities to an A+ rating with a stable outlook, reflecting improved financial and business performance.

28. Power Finance Corp gains approval to open voting on customs claims worth ₹635 crore following the de-notification of the former Indiabulls-owned plant as an SEZ.

29. NCC secures a Rs 2,129.60 crore contract for infrastructure development in Amaravati, to be executed over five years.

30. Pidilite Industries targets double-digit volume growth and an EBITDA margin of 20%-24%, despite challenging demand conditions, as per the latest analyst meeting.

31. CEAT looks to expand in the premium ultra-high-performance and luxury four-wheeler segment, projecting significant growth over the next 3-5 years.

32. Vodafone Idea rolls out 5G services in India, starting with Mumbai, with plans to extend coverage to five more cities.

33. Ashok Leyland inaugurates a new manufacturing facility in Andhra Pradesh, with an annual production capacity of 4,800 buses.

34. Apurav Agarwal steps down as CFO of Can Fin Homes, effective March 19; Prashanth Joishy appointed as Interim CFO.

35. Dhani Services’ subsidiary signs an MoU for 5.37 acres in Gurgaon, expanding the Indiabulls Estate & Club project to 29.37 acres, with an expected revenue of Rs 12,065 crore.

36. Dishman Carbogen Amcis’ subsidiary, Carbogen Amcis SAS, secures a GMP Compliance Certificate for its Saint-Beauzire site from ANSM.

37. Indian Overseas Bank launches a QIP to raise up to Rs 2,000 crore, with a base size of Rs 1,000 crore and an option to upsize by another Rs 1,000 crore.

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