WATCH OUT FOR STOCKS IN NEWS

Watch out for the below mentioned stocks in news which are likely to be on spotlight for today the 17-March-2025 : - Corporate actions today: Shares of Brace Port Logistics will trade ex-dividend, while shares Sika Interplant Systems shall trade ex-dividend today. Quality Power Electrical Equipments: The recently listed power utility player reported a 23 per cent growth on a year-on-year (YoY) basis to Rs 13.83 crore in the December 2024 quarter. However, its revenue declined 48.9 per cent YoY to Rs 72.6 crore for the quarter. IndusInd Bank: The Reserve Bank of India stated that the bank is well-capitalized, and its financial position remains satisfactory. As per the financial results for Q3FY25, the bank has maintained a comfortable capital adequacy ratio of 16.46 per cent and a provision coverage ratio of 70.20 per cent. The liquidity coverage ratio stood at 113 per cent as of March 9. IndusInd Bank has already engaged an external audit team to comprehensively review its current systems and assess the actual impact. Dr Reddy’s Laboratories: The pharma company is recalling one batch of Levetiracetam in 0.75 per cent sodium chloride injection single-dose infusion bags in the United States due to incorrect labeling of the infusion bag. According to the risk statement, patients administered the mislabeled product are likely to experience adverse events. Tata Motors: The domestic auto major announced its intention to appoint Deloitte Haskins & Sells LLP as statutory auditors, effective FY28, subject to the completion of all regulatory compliances. BSR & Co LLP, the current statutory auditors, will continue to audit Tata Motors until FY27.