Stocks to keep an eye on : 24 March 2025

Key Corporate Developments Reliance Industries' step-down subsidiary, Nauyaan Tradings (NTPL), has completed the acquisition of a 74 percent equity stake in Nauyaan Shipyard (NSPL) for Rs 382.73 crore from Welspun Corp. Mahindra and Mahindra announced that it would hike prices of its SUVs and commercial vehicles by up to 3 percent from April 1. Dr Reddy's Laboratories' US-based subsidiary has completed the sale of its wholly owned subsidiary, Dr. Reddy's Laboratories Louisiana LLC, including the manufacturing facility located in Shreveport, Louisiana. Mergers, Acquisitions, and Investments

Enterprise's subsidiary, Apollo Healthco, has completed the acquisition of an 11.2 percent stake in Keimed from its promoter, Shobana Kamineni, for Rs 625.43 crore. Larsen & Toubro's board has approved long-term borrowings of up to Rs 12,000 crore and elevated Subramanian Sarma to Deputy MD & President, effective April 2. Raymond's board has approved an investment of up to Rs 65 crore in the form of redeemable preference shares in its step-down subsidiary, Ten X Realty East. Project Wins and Capacity Expansions has acquired SPVs Fatehgarh II and Barmer I PS Transmission and Chitradurga Bellary REZ Transmission from PFC Consulting for Rs 26.57 crore. NCC has received a letter of acceptance (LoA) for a project worth Rs 1,480.34 crore from Bihar Medical Services & Infrastructure Corporation. Allied Blenders and Distillers has added 15 lakh bulk liters of capacity at its Rangapur plant in Telangana. Regulatory Updates and Inspections The USFDA has completed the inspection of ' API-III facility at Karakhadi, with no Form 483 observations. SEBI has issued an administrative warning and deficiency letter to DAM Capital Advisors, advising the financial services player to be vigilant concerning certain operational-related matters of its institutional broking operations. Note : make sure to follow risk management and position sizing at all times