Tata Motors has successfully raised ₹2,000 crore by allotting Non-Convertible Debentures (NCDs) on a private placement basis. The company informed stock exchanges on March 27 that its board had approved the allotment of 2,00,000 NCDs in multiple tranches, each with a face value of ₹1,00,000.

Details of NCD Allotment

The NCDs were distributed among several investors:

• Tranche I: 50,000 NCDs to HDFC Bank

• Tranche II: 10,000 NCDs to Reliance General Insurance and 60,000 to BNP Paribas

• Tranche III:
  • 2,500 NCDs to Care Health Insurance

  • 52,500 NCDs to HDFC Bank

  • 5,000 NCDs to Reliance General Insurance

  • 20,000 NCDs to SBI Short Term Debt Fund

These NCDs will be listed on the NSE and have received an AA+/Stable rating from Crisil. Earlier, on March 19, Tata Motors’ board had approved issuing these NCDs at a 7.65% interest rate.

Tata Motors Shares Drop Despite Fundraising

Despite this capital-raising move, Tata Motors’ stock witnessed a sharp decline in the Indian stock market on March 27.

As of March 28, 9:43 AM IST, Tata Motors share price is trading at ₹671.40, up by ₹2.85 (0.43%). The stock opened at ₹671.85, reaching a high of ₹677.40 and a low of ₹669.30.

Impact of US Tariffs on Auto Imports

The drop was triggered by US President Donald Trump’s announcement of a 25% tariff on all imported cars and auto parts, effective April 2. This move is expected to hurt Tata Motors, particularly its luxury car brand Jaguar Land Rover (JLR), as the US is a key market for the company.

Stock Performance

Tata Motors was among the top losers on the Sensex. The stock fell 6.5% to ₹677.05 at its lowest point during the session and eventually closed 5.56% lower at ₹668.60 on the BSE. The company is already facing challenges due to slowing domestic sales, and the new US tariffs add further pressure.

Conclusion

While Tata Motors’ fundraising strengthens liquidity, the US tariff hike poses a major risk to JLR’s earnings. Investors remain cautious amid global uncertainties.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

The stock market is buzzing with activity! If you’re wondering where to focus, here’s a simple update on the latest developments in key stocks.

On Thursday, the NSE Nifty 50 gained 105 points (0.45%) to close at 23,592, while the BSE Sensex rose 318 points (0.41%) to end at 77,606.

Here are key stocks to watch on March 28, 2025: 

Adani Power

Adani Power has resumed power supply to Bangladesh after nearly four months of suspension due to unpaid dues. Bangladesh is making payments of $90-95 million per month, but past dues remain pending, sources said.

Adani Energy Solutions

Adani Energy Solutions announced the acquisition of Mahan Transmission (MTL), a special purpose vehicle (SPV). The company has signed a SPA (share purchase agreement) with REC Power Development and Consultancy on March 26 to buy a 100% stake in MTL.

Jubilant FoodWorks

Jubilant Foodworks, which operates Domino’s and Popeyes, is seeing a recovery in dine-in sales, said CEO & MD Sameer Khetarpal. He expects dine-in sales to grow further from the next quarter.

Jindal Stainless

Jindal Stainless plans to invest ₹40,000 crore in Maharashtra to set up a new stainless steel manufacturing plant. The company has submitted an investment proposal to the Maharashtra government, which was approved in a state cabinet subcommittee meeting.

ONGC

ONGC Videsh, the overseas arm of ONGC, is making progress on its offshore gas exploration project in Mozambique. The company’s board has approved an investment of ₹1,500 crore in the joint venture (JV) there.

BPCL

Saudi Aramco is in talks to invest in two planned refineries in India, including Bharat Petroleum Corp’s (BPCL) refinery in Andhra Pradesh and an ONGC refinery in Gujarat, according to a Reuters report.

BEL (Bharat Electronics Ltd)

Bharat Electronics has received additional orders worth ₹1,385 crore since its last update on March 12, 2025. These orders include radar spares, electronic voting machines, ship-based fire control systems, and advanced land navigation systems.

Conclusion

With ongoing acquisitions, investments, and policy changes, these stocks are set for potential movement. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

On March 27, 2025, Indian benchmark indices traded higher on Thursday despite global trade uncertainty following new US auto import tariffs.

At 3 PM, the BSE Sensex was up 340 points (0.44%) at 77,628.60, while the Nifty50 gained 113.25 points (0.48%) to reach 23,600.

Here are the top gainers and losers of the day: 

Top Gainers of the Day

• Jindal Worldwide Limited (JINDWORLD) surged 20%, touching a high of ₹66.31 after opening at ₹55.52.
• Aurionpro Solutions Limited (AURIONPRO) also gained 20%, reaching ₹1,652.45 from an opening price of ₹1,377.05.
• MBL Infrastructure Limited (MBLINFRA) saw a 20% rise, trading at ₹41.4 from its opening price of ₹34.5.
• BEML Limited (BEML) climbed 17.34%, reaching ₹3,239.00 after an opening of ₹2,749.70.
• BF Utilities Limited (BFUTILITIE) gained 17.15%, trading at ₹756.5 after opening at ₹641.

Top Losers of the Day

• Iris Clothings Limited-RE (IRIS-RE) fell 21.48%, trading at ₹6.25 from an opening of ₹5.1.
• Capri Global Capital Limited (CGCL) dropped 15.07%, reaching ₹165.5 after opening at ₹191.88.
• NDL Ventures Limited (NDLVENTURE) declined 12.9%, falling to ₹53.29 from an opening of ₹61.18.
• Sanginita Chemicals Limited (SANGINITA) lost 12.52%, trading at ₹9.15 from an opening of ₹10.7.
• Balajee Infratech & Constructions Limited (BALAJEE) fell 10.55%, reaching ₹41.27 after opening at ₹46.5.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

The Reserve Bank of India (RBI) plans to meet bankers next week to discuss changes in its liquidity management framework. The goal is to ensure that borrowing costs remain closely aligned with the central bank’s policy rate, according to sources familiar with the matter.

Meeting Scheduled for April 3

RBI has scheduled a meeting with bank economists on April 3 to gather feedback on proposed changes. One of the key suggestions is to introduce shorter-maturity repurchase operations alongside the existing 14-day liquidity window.

Possible Changes in Liquidity Tools

An internal RBI panel has reviewed the liquidity framework, and the revised version may be announced soon. The central bank is considering using repurchase operations with different maturities, including overnight or short-tenor options, to manage liquidity more effectively.

Current Market Conditions and RBI’s Response

The discussions come as the RBI continues to cut interest rates and inject liquidity into the financial system to support economic growth. In January, the central bank introduced daily variable rate repurchase operations to address a cash deficit in the banking system.

Importance of Repurchase Operations

Repurchase (repo) operations allow RBI to provide short-term funds to banks, while reverse repurchase (reverse repo) operations help withdraw excess cash from the system. Since the liquidity framework was introduced in 2020, there have been instances where banks’ borrowing costs have significantly deviated from the RBI’s policy rate, affecting monetary policy transmission.

Next Policy Announcement on April 9

The RBI’s Monetary Policy Committee (MPC) will announce its next policy decision on April 9, which may provide further clarity on liquidity management changes.

Conclusion

The RBI’s efforts to fine-tune liquidity tools aim to ensure better rate transmission and financial stability. The upcoming April 9 policy decision may provide further insights.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

HFCL share price rose over 2% on Thursday, March 27, even as its promoter reduced its stake in the company. The stock opened at ₹79.77 on the BSE, up slightly from its previous close of ₹79.75, and touched an intraday high of ₹81.43. As of 11:50 AM, it was trading 1.37% higher at ₹80.84, aiming to break a two-day losing streak. The stock had declined over 6% in the last 2 sessions.

Promoter Reduces Stake in HFCL

In a regulatory filing on March 27, HFCL reported that its promoter, MN Ventures Private Limited, sold shares on March 13, 21, and 24.

• MN Ventures initially held 29.08 crore shares (20.16%) in HFCL. 
• After selling 1.7 crore shares (1.18%), its stake reduced to 27.38 crore shares (18.98%). 

Major Public Shareholders in HFCL

As per HFCL’s shareholding pattern for Q3FY25 (December quarter):

• Quant Mutual Fund owns 8.30% (11.97 crore shares). 
• Reliance Ventures holds 1.57% (2.26 crore shares). 
• Reliance Strategic Business Ventures owns 3.36% (4.85 crore shares). 
• Foreign portfolio investors (FPIs) collectively hold 6.70% (9.66 crore shares). 

HFCL Share Price Performance

• Over the past year, HFCL shares have dropped nearly 12% (as of March 26). 
• The stock hit a 52-week low of ₹77.25 on March 3, 2025, after reaching a 52-week high of ₹171 on September 23, 2024. 
• In March, the stock is up nearly 2%, following 3 months of losses: 
  • December 2024: Down 13% 
  • January 2025: Down 13% 
  • February 2025: Down 19% 

Conclusion

Despite the promoter reducing its stake, HFCL shares rebounded, indicating investor confidence. The stock is attempting to recover after consecutive months of decline. Investors will closely watch market trends and future developments in the company.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Navbharat Mega Developers Private Limited (NMDPL), a joint venture between the Maharashtra government and Adani Group, is leading the redevelopment of Dharavi, one of the world’s largest slums. The project, which covers 600 acres in Mumbai, is expected to be completed in 7 years. Once finished, the SPV plans to sell 10 to 12.5 million sq ft of properties annually.

Sales Strategy and Market Impact

The sale of properties will depend on market conditions. “We will decide how much to release based on the market,” said SVR Srinivas, CEO of the Dharavi Redevelopment Project. The SPV also plans to generate revenue by monetising Transferable Development Rights (TDR). However, the exact amount that will be sold through TDR has not been determined.

Experts believe the new housing supply will not disrupt the market, as demand for affordable and mid-range housing in Mumbai remains high. “With half of Mumbai’s population living in slums and more people moving in, the demand for housing is huge,” said Niranjan Hiranandani, founder of Hiranandani Group.

Government Policies and Investment

The Maharashtra government is considering a rule requiring developers in Mumbai to buy 50% of their TDR from the Dharavi project. This is expected to support slum redevelopment across the city. The project will require a total investment of ₹3 lakh crore, covering rehabilitation and infrastructure development.

Funding and Project Phases

Funds for the redevelopment will be raised through Compulsorily Convertible Preference Shares (CCPS). The Adani Group has already contributed ₹4,000 crore. The first phase started in Matunga, where land was acquired from the railways.

Progress and Next Steps

The Dharavi Redevelopment Project has conducted the largest slum survey in India, numbering around 90,000 households. The survey is nearing completion, and the master plan for the project is expected to be finalized in the coming weeks.

Conclusion

The Dharavi redevelopment project is set to transform Mumbai’s urban landscape, providing better housing and infrastructure while addressing the city’s growing housing demand.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

The Nifty 50 index is undergoing its semi-annual rebalancing today, leading to a total inflow of ₹7,834.29 crore from the inclusion of Zomato and Jio Financial Services, as per a reports.

Exclusion of BPCL and Britannia

As part of the changes, Bharat Petroleum Corporation Ltd (BPCL) and Britannia will be removed from the index, resulting in significant outflows:

• BPCL will see an outflow of ₹1,937 crore (7.1x ADV). 
• Britannia will face an outflow of ₹2,048.96 crore (12.5x ADV). 

Inflows from New Entrants

The 2 new stocks will bring major investments into Nifty:

• Zomato will see inflows of ₹5,182.7 crore, 4 times its 20-day average daily volume (ADV). 
• Jio Financial Services will attract ₹2,651.6 crore (3.9x ADV). 

Adjustments in Weightage

The rebalancing will also lead to changes in stock weightage:
Increased Inflows:

• Grasim & Adani Enterprises: ₹77.48 crore each 
• UltraTech Cement: ₹51.65 crore 

Weight Reduction-Led Outflows

• Bajaj Finance: ₹680.11 crore 
• HDFC Bank: ₹439.06 crore 
• Reliance Industries: ₹352.97 crore 

Market Impact

With today’s rebalancing coinciding with the weekly derivatives expiry, market movements are expected to be volatile.

Conclusion

The Nifty 50 rebalancing is set to drive major inflows and outflows, impacting stock weightage and market dynamics. Investors should brace for volatility in the near term.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

JSW Infrastructure has officially completed the purchase of the slurry pipeline business from JSW Utkal Steel Ltd for ₹1,617 crore.

Agreement with JSW Steel

The company has also signed a long-term ‘take-or-pay’ agreement with JSW Steel Ltd. This deal ensures the transportation of iron ore slurry from the Nuagaon mines to Jagatsinghpur.

Understanding ‘Take-or-Pay’ Contracts

A ‘take-or-pay’ contract means the buyer must either accept delivery of goods or pay a penalty if they do not fulfil the contract terms.

Business Transfer Agreement Executed

JSW Infrastructure announced that it executed the Business Transfer Agreement on March 25, 2025, completing the acquisition, subject to final adjustments.

About JSW Infrastructure

Part of the Sajjan Jindal-led JSW Group, JSW Infrastructure is India’s second-largest private port operator, with a cargo handling capacity of 170 MTPA.

As of March 27, 2025, at 9:49 AM IST, JSW Infrastructure share price is trading at ₹324.05, up by ₹8.05 (2.55%). The stock opened at ₹315.40, reached a high of ₹324.40, and a low of ₹313.40. The company’s market capitalisation stands at ₹67,260 crore, with a P/E ratio of 51.06 and a dividend yield of 0.17%. The 52-week high is ₹360.95, while the 52-week low is ₹218.20.

About JSW Utkal Steel

JSW Utkal Steel is a subsidiary of JSW Steel, a JSW Group company engaged in steel manufacturing.

Conclusion

With this acquisition, JSW Infrastructure strengthens its logistics capabilities, ensuring efficient iron ore transportation while reinforcing its position in India’s infrastructure sector.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Reliance Industries has temporarily stopped purchasing oil from Venezuela after US President Donald Trump approved a 25% tariff on countries importing crude from the South American nation.

Existing Shipment to Be Delivered

India’s largest private refiner is set to receive a shipment of Merey crude that is already on its way from Venezuela. However, any further purchases have been paused, according to sources familiar with the matter.

US Sanctions and Waivers

Reliance had received waivers from the US last year, allowing it to import Venezuelan crude. According to reports, since the start of 2025, the company has imported 6.5 million barrels. However, Trump’s latest executive order will impose secondary tariffs on nations importing Venezuelan oil starting April 2.

Shift Towards Other Oil Sources

Some Indian refiners previously bought Venezuelan oil through traders rather than directly from the country. However, Russian crude remains a preferred choice due to its lower cost and easy availability. Reliance continues to buy oil from Russia as well.

China’s Role in Venezuelan Oil Trade

China remains the biggest buyer of Venezuelan crude, accounting for over 40% of its exports in February. While some Chinese refiners may temporarily reduce purchases due to increased scrutiny, the overall trade in sanctioned oil is unlikely to stop.

About Reliance Industries Limited

Reliance Industries Limited is a multinational conglomerate based in Mumbai, Maharashtra, India. It operates across various sectors, including energy, petrochemicals, natural gas, retail, entertainment, telecommunications, media, and textiles.

As of March 27, 9:28 AM IST, Reliance Industries share price is trading at ₹1,280.65, up ₹7.60 (0.60%) for the day. The stock opened at ₹1,278.15, reached a high of ₹1,282.90, and a low of ₹1,271.30. The company has a market capitalisation of ₹17.33 lakh crore, a P/E ratio of 25.05, and a dividend yield of 0.39%. Over the past year, the stock has touched a 52-week high of ₹1,608.80 and a 52-week low of ₹1,156.00.

Conclusion

Reliance’s decision reflects the growing impact of US trade policies on global oil markets. While Venezuelan crude faces hurdles, alternative sources like Russian oil remain key.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.