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Stocks to Watch Today, March 23: Indian stock markets are set for a news-driven session on March 23, with several companies in focus due to key developments. From capital expenditure outlook and regulatory actions to strategic partnerships, price hikes, and corporate restructuring, stocks like Larsen & Toubro, Tata Motors, Vedanta, and Zomato are likely to remain in the spotlight.
Here’s the list of stocks to watch in today’s trading session:
| Company | Why in Focus |
| Larsen & Toubro | Expects continued government capex despite fiscal deficit concerns |
| Tata Capital | Receives Rs 413.18 crore tax reassessment demand notice |
| Vedanta Group | Challenges to NCLT approval of the Adani bid |
| IDBI Bank | The government may sell its stake via the OFS route |
| Axis Bank | Partners with DP World Professional Golf Tour India |
| Thomas Cook India | Plans the demerger of the resorts business into a subsidiary |
| DLF | Sees Rs 231 crore shares bought by institutions |
| South Indian Bank | Announces chairman’s retirement and new appointment approved |
| Tata Motors | To hike ICE passenger vehicle prices from April |
| RITES Limited | Secures maintenance contract for the railway’s high-speed track |
| Zomato | Raises platform fee to RS 14.90 per order |
| Tata Steel | Commissions the Rs 3,200 crore low-carbon steel project |
Eyes Continued Government Capex
Amid rising concerns over an increasing import bill driven by hardening commodity prices due to the Middle East conflict, Larsen & Toubro expects the government to maintain its capital expenditure momentum, even if it leads to a wider fiscal deficit, according to PTI.
Faces Rs 413.18 Crore Tax Demand
Non-banking financial company Tata Capital has received a reassessment order from tax authorities, resulting in a demand of Rs 413.18 crore for the financial year 2017–18, the company disclosed.
Challenges NCLT Order at NCLAT
Vedanta Group has moved the National Company Law Appellate Tribunal, contesting the NCLT’s approval of the Adani Group bid to acquire Jaiprakash Associates Ltd for Rs 14,535 crore.
Stake Sale via OFS Under Consideration
The government may explore selling a stake in IDBI Bank through the Offer-for-Sale route to boost public shareholding, following an unsuccessful attempt to divest its stake in the LIC-controlled lender.
Partners with DP World PGTI
Axis Bank has entered into a partnership with the DP World Professional Golf Tour of India, becoming its official banking partner.
Plans Resort Business Demerger
Thomas Cook India announced plans to demerge its resorts and resort management division into Sterling Holiday Resorts Limited, enabling the future listing of its wholly-owned subsidiary.
DLF
Sees Rs 231 Crore Share Purchase
Goldman Sachs and ICICI Prudential Mutual Fund together acquired over 43.40 lakh shares of DLF worth nearly Rs 231 crore through open market transactions.
Announces Leadership Transition
VJ Kurian retired as Non-Executive Part-Time Chairman on March 22. Jose Joseph Kattoor, former RBI Executive Director, has been appointed for a three-year term starting March 23, with RBI approval.
To Increase Passenger Vehicle Prices
Tata Motors Passenger Vehicles Ltd will raise prices of its internal combustion engine passenger vehicles from April 1, 2026, citing higher input costs.
Secures Railways High-Speed Track Project
RITES has received a Letter of Acceptance for the maintenance of Indian Railways’ first high-speed test track.
Zomato (Eternal Ltd)
Raises Platform Fee to Rs 14.90
Food delivery platform Zomato has increased its platform fee by Rs 2.40, taking the total charge to Rs 14.90 per order, as reflected on its app.
Commissions Rs 3,200 Crore Green Steel Project
Tata Steel has commissioned a Rs 3,200 crore project in Punjab, introducing scrap-based Electric Arc Furnace technology aimed at producing low-carbon steel.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
