Hyundai, Vedanta, Wipro, and more; Stocks to watch on March 20

Hyundai Motor

Hyundai announced a price hike of up to 3% across its entire model range, effective from April 2025. This decision comes in response to increasing input costs, rising commodity prices, and escalating operational expenses. The price increase will vary depending on the model and variant.

Vedanta

Anil Agarwal, the chairman of Vedanta, stated that the company anticipates approval for its proposed demerger from the National Company Law Tribunal (NCLT) within the next 4-6 weeks. However, he did not provide a precise timeline for completing the restructuring process.

Adani Enterprises

Adani Enterprises announced that its subsidiary, Kutch Copper Limited (KCL), has finalized the formation of a joint venture with Praneetha Ventures Private Limited (Praneetha Ecocables Limited or PEL). KCL holds a 50% equity stake in the new entity, which will manufacture, market, and distribute metal products, cables, and wires.

Wipro

Wipro has unveiled its new Agentic AI services, designed to assist nations in building and deploying artificial intelligence (AI) capabilities while ensuring data sovereignty. Powered by Wipro’s WeGA Studio and NVIDIA AI Enterprise software, the services aim to drive economic growth and innovation by leveraging local infrastructure, workforce, and business networks.

Dhanlaxmi Bank

Dhanlaxmi Bank’s board approved the issuance of unsecured, non-convertible debentures (NCDs) in the form of Basel III-compliant tier-II bonds, worth up to ₹150 crore. The NCDs, with a face value of ₹1 crore each, will be issued via private placement, with a 10-year tenure. The bank has set March 25, 2025, as the record date to determine eligible shareholders for the interim dividend.

Mishra Dhatu Nigam

The state-owned company declared an interim dividend of ₹0.75 per equity share, equivalent to 7.5% of the face value of ₹10 per share for the 2024-25 financial year. This decision was approved by the board on March 19, with the record date for dividend eligibility set for March 25, 2025.

Raymond

Raymond announced the resignation of Nawaz Modi Singhania from its board of directors, effective March 19, 2025. The company did not disclose reasons for her departure but expressed gratitude for her services during her tenure. Chairman Gautam Singhania affirmed the company’s commitment to upholding strong governance standards while adapting to industry changes.

Trent

Trent, the retail arm of the Tata Group, revealed that its subsidiary Booker India Limited (BIL) has entered into a share purchase agreement to acquire 100% equity in THPL Support Services Limited (TSSL) from Trent Hypermarket Private Limited (THPL). The deal, valued at ₹166.36 crore, aims to streamline and consolidate businesses within the group, enhancing operational efficiency.

Avenue Supermarts

Avenue Supermarts has invested ₹174.99 crore in its subsidiary, Avenue E-Commerce Limited (AEL), which operates the online grocery platform DMart Ready. This investment, in the form of equity shares, will support AEL’s operational needs, working capital, and capital expenditure, fostering the expansion of DMart Ready’s infrastructure and services.

These are the key stocks to watch on March 20, 2025, as they could have a significant impact on the market. Keep an eye on the updates surrounding these companies.