Stock Market News: 24 March Top Stocks Expected to Surge

Indian Stock Market – Exploring Lucrative Investment Prospects on March 24th, 2025

BSE Ltd

• Financial Services | Mid Cap
• Rs.4.806.15/-

Reliance Industries Ltd

• Energy | Large Cap
• Rs.1289.45/-

Hindustan Aeronautics Ltd

• Industrials | Large Cap
• Rs.4056.90/-

Mazagon Dock Shipbuilders Ltd

• Industrials | Large Cap
• Rs.2664.70/-

Railtel Corporation of India Ltd

• Communication Services | Small Cap
• Rs.336.50/-

HDFC Bank Ltd

• Financial Services | Large Cap
• Rs.1795.00/-

ICICI Bank Ltd

• Financial Services | Large Cap
• Rs.1358.65/-

Mahindra & Mahindra Ltd

• Consumer Cyclical | Large Cap
• Rs.2737.55/-

Manappuram Finance Ltd

• Financial Services | Small Cap
• Rs.241.97/-

Infosys Ltd

• Technology | Large Cap
• Rs.1575.90/-

Jupiter Wagons Ltd

• Industrials| Small Cap
• Rs.365.35/-

GAIL (India) Ltd

• Utilities | Large Cap
• Rs.183.55/-

Bajaj Finance Ltd

• Financial Services | Large Cap
• Rs.8999.95/-

Kotak Mahindra Bank Ltd

• Financial Services | Large Cap
• Rs.2148.20/-

Rail Vikas Nigam Ltd

• Real Estate | Mid Cap
• Rs.378.10/-

Zomato Ltd

• Technology | Large Cap
• Rs.225.19/-

Tech Mahindra Ltd

• Technology | Large Cap
• Rs.1424.15/-

Trending Top Stories in The Indian Stock Market on March 24th, 2025

1. CLSA upgrades HCLTech to Outperform, revising its target price to ₹1,882, signaling a potential upside of 20.2% from its last closing price.

2. Government waives outstanding dues of Hindustan Organic Chemicals Ltd, amounting to ₹1,351.38 crore as of September 30, 2024, providing financial relief to the public sector company.

3. SpiceJet continues to operate with less than a 4% market share, with 40% of its fleet grounded, as it grapples with significant financial challenges and operational constraints.

4. Citi highlights potential advantages for GAIL from PNGRB’s proposed amendments, which could allow better claims on fuel costs, particularly in cases involving contractual LNG pricing.

5. IndiGo assures regulatory authorities that it will comply with the new directive by March 2025, ensuring enhanced passenger access to the DGCA’s charter page.

6. IndiGo reports a passenger load factor of 91.7%, along with a notable reduction in flight cancellations to just 0.31%, reflecting improved operational efficiency.

7. JM Financial reiterates a Buy rating on Bajaj Finserv, raising the target price to ₹2,100, citing strong business fundamentals and growth potential.

8. Hindustan Copper secures a long-term revenue opportunity of ₹2,400 crore over the next 20 years from its Jharkhand mines under a contract with JSW Group.

9. RailTel Corporation wins a ₹25.15 crore order from Hindustan Petroleum for a five-year contract covering MPLS/ILL link renewal and network expansion.

10. Nuvama downgrades Computer Age Management Services Ltd to Hold, adjusting its target price to ₹3,970 per share amid near-term market uncertainties.

11. Nuvama highlights potential short-term risks for UTI Asset Management Company and other UTI AMCs due to significant exposure to small and mid-cap market segments.

12. Morgan Stanley maintains an Equal Weight rating on DLF with a target price of ₹910, citing expected growth in its IP business and a potential doubling of PAT by FY30.

13. Ashok Ramachandran announces resignation as Director and Whole-time Director of JSW Energy, effective April 8, 2025, citing personal reasons.

14. Welspun Corp finalizes the sale of its 74% stake in Nauyaan Shipyard for ₹476.39 crore, officially ceasing its subsidiary status.

15. ONGC plans to begin importing ethane by mid-2028 to adjust to changes in LNG composition from Qatar, ensuring supply chain stability.

16. Macquarie maintains its Outperform rating on NTPC, setting a target price of ₹475, suggesting a potential 35% upside from current levels.

17. Max Healthcare receives regulatory approval for the amalgamation of its two wholly-owned subsidiaries, with the merger set to take effect on March 21, 2025.

18. Power Mech Projects secures a ₹579 crore order from Bharat Heavy Electricals Limited for civil, structural, and architectural work at a Jharkhand power plant.

19. IDFC First Bank acknowledges near-term headwinds in the microfinance segment but notes that its other lending verticals continue to perform well.

20. BSE is evaluating the impact of newly announced open interest limits set by the regulator but confirms that expiry dates for futures and options contracts will remain unchanged.

21. CG Power’s subsidiary, Axiro Semiconductor, establishes Axiro Semiconductor (Shenzhen) Co., Ltd. in China on March 20, 2025, expanding its global footprint.

22. Adani Green Energy’s subsidiary successfully commissions a 250 MW solar power project in Rajasthan, strengthening its renewable energy portfolio.

23. Paytm reports robust financial services revenue growth, surpassing its net payment margin, driven by strategic partnerships with HDFC Bank and ICICI Bank.

24. Nuvama lowers its target price for Jindal Stainless to ₹723 but retains a Buy rating, citing weak export demand and high import levels affecting margins.

25. Power Grid Corporation acquires SPVs Fatehgarh II, Barmer I PS Transmission, and Chitradurga Bellary REZ Transmission for ₹26.57 crore, expanding its infrastructure assets.

26. IRCON International faces a ₹158.89 crore arbitration claim related to a railway project in Nepal concerning track ballast supply disputes.

27. Lemon Tree Hotels signs licensing agreements for two new properties in Vrindavan and Navsari, broadening its presence in key tourist and religious destinations.

28. Steel Authority of India Ltd. sees bearish sentiment, with 48% of analysts tracking the stock maintaining a Sell rating due to market concerns.

29. NCC secures a ₹1,480.34 crore contract from Bihar Medical Services and Infrastructure Corporation, receiving the official Letter of Award.

30. SpiceJet raises ₹3,000 crore in funding, with an additional ₹294 crore infusion from promoters, aiming to alleviate financial distress and revive its grounded fleet.

31. IndusInd Bank appoints Grant Thornton to conduct a forensic review into accounting discrepancies and potential fraud following a sharp decline in its stock value.

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This page lists the most active stocks traded on the Indian Stock Market, sorted by trading volume and price movements for the day. Investors and traders can utilize this list for quick identification of potential potentially lucrative investment opportunities and to keep abreast of the current trends in the market.