Stocks to watch, April 1: Trent, BSE, ABREL, ITC, Vodafone Idea, HAL, IREDA, Dalmia Bharat, and more

At 7:29 AM, the GIFT NIFTY futures were trading at 23,464, down 46 points, or 0.20%. This suggests that the NIFTY50 index will open 174 points lower.

Global equity markets fell, and gold hit a fresh record high on Monday after US President Donald Trump said tariffs would essentially cover all countries, stoking worries a global trade war could lead to a recession.

On Wall Street, the benchmark S&P 500 and the Dow reversed losses in early trade and finished higher with gains in consumer staples, financials, materials and energy stocks. The Nasdaq ended lower. All three indexes notched both quarterly and monthly losses, Reuters reported.

ITC, on the other hand, said the acquisition will immediately add significant scale and economies to its existing operations with the potential for further capacity expansion, provide a locational advantage for efficient customer servicing and proximity to key raw material sources, among others.

This means that the company will issue two equity shares of ₹2 each for every one full paid-up equity share of ₹ 2 each held by the shareholders of the company as of the record date, subject to the approval of shareholders through postal ballot.

Spanning over 253 acres, the park will attract more than 100 micro, small and medium enterprises (MSMEs) and generate 2 lakh employment opportunities, the company said in a statement.

Vedanta would invest ₹1 lakh crore for the setting up of the park and an aluminium plant of 3 million tonnes per annum (MTPA) capacity in Rayagada district, it said.

It has also started injecting 31 MW power to the grid, NHPC said in an exchange filing.

"The 300 MW Bikaner Solar Power Project has been connected with ISTS and started injecting 31 MW power into the grid as of 31.03.2025," it said.

This follows the order of the National Company Law Tribunal (NCLT), Ahmedabad Bench, dated March 24, and the scheme of amalgamation is effective from April 1, Aditya Birla Capital Ltd (ABCL) said in a statement.

In March last year, the decision to merge Aditya Birla Finance with the parent entity was taken by the respective boards, subject to receipt of various statutory and regulatory approvals.

The company's board has also approved a modification to an earlier slump sale transaction by including an additional brand as part of the transfer of OTC business to LCHL, on a going concern basis, the drug maker said in a regulatory filing.

This achievement comes despite a shortfall in the deliveries of the Light Combat Aircraft (LCA) and Advanced Light Helicopter (ALH). The LCA deliveries were delayed due to the non-availability of engines, HAL’s Chairman and Managing Director, D K Sunil, said.

"The ALH delivery schedule was also impacted by the accident in January 2025 and the subsequent grounding of the fleet. However, accelerated deliveries of other products and services helped us maintain our top line," Sunil stated in a release issued by HAL.

The subsidiary falls under the Strategic Segments business led by Arjun Sethi as Chief Growth Officer. Sethi will head PSS as the president.

PSS, which will drive AI-led technology transformation for government agencies, underlines the company's sharper focus on the public sector segment.

It had sanctioned loans worth ₹37,354 crore in the previous year, Indian Renewable Energy Development Agency Limited (Ireda) said in a statement.

Loan disbursements rose 20% to ₹30,168 crore from ₹25,089 crore in 2023-24, as per the provisional data shared by the company.

TVS Motor (Singapore) Pte Ltd (TVSM Singapore), a wholly owned subsidiary, has divested its stake in Ion Mobility Pte Ltd, a company registered under the laws of Singapore, TVS Motor Co said in a regulatory filing.

In exchange, TVS Motor (Singapore) acquired identified assets from Ion Mobility for a net cash consideration of approximately $1.75 million, it added.

In a regulatory filing, the company informed that the order imposing a penalty has been passed against its wholly owned subsidiary Mahadhan AgriTech Ltd.

The demand notice dated March 30, 2025, has been issued by the Assistant Commissioner of Income Tax – Central Circle, Mumbai.

This collaboration underscores a shared commitment to fostering responsible, effective, and sustainable AI technologies on a global scale, according to a release.

As part of the partnership, LTIMindtree will leverage Google Cloud's AI platforms, including Agentic AI and Gemini models, to develop industry-specific solutions that drive broad-based adoption of Generative AI (GenAI).

"Through this collaboration, LTIMindtree aims to build a green corridor for solution development, with market development initiatives, go-to-market (GTM) strategies, and comprehensive training for its workforce. This collaboration will also enable LTIMindtree to design cutting-edge proof of concepts and pilots tailored to specific customer use cases," a company statement said.

The amount, it explained, is the first tranche (amounting to 85 per cent) of the incentive for the first two quarters of FY25.

The balance is expected to be released subsequently in accordance with the Production Linked Incentive scheme guidelines, the company said in the filing.

The Dalmia family-promoted firm achieved this target after the commencement of commercial production of an additional 0.5 MTPA at its Rohtas Cement Works (RCW) plant in Bihar, according to a company statement.

In a regulatory filing, Bosch Ltd said it has received an assessment order dated March 28, 2025, for the assessment year 2022-2023, wherein a demand has been raised for ₹18,36,85,366 and an interest of ₹1,80,14,645.

The order is passed by the assessment unit, income tax department, it added.

The order was received by InterGlobe Aviation, the parent of the country's largest airline, IndiGo, on Saturday.

In a regulatory filing on Sunday, IndiGo said the assessment unit of the Income Tax Department (Income Tax Authority) has passed an order imposing a ₹944.20 crore penalty for the assessment year 2021-22.

The company said it is separating the roles of chairman and managing director.

Mehra, currently Deputy Managing Director, is being elevated as MD. He will assume responsibility for the company's operations and management, it said in a statement.

The Tamil Nadu-based lender recently inaugurated a branch in Kumbakonam, Visakhapatnam, Coimbatore and Alapakkam, Chennai.

PC Jeweller, which sells gold and silver jewellery, has 55 showrooms across 15 states.

In September, Delhi-based PC Jeweller executed a settlement agreement with a consortium of 14 banks led by SBI to clear its outstanding loan, which stood at nearly ₹4,100 crore as of March 31, 2024.

"Purchases under the deal will start from April," GAIL chairman and managing director Sandeep Kumar Gupta said.

GAIL had, in December last year, awarded a liquefied natural gas (LNG) purchase tender for procuring 12 cargoes per year starting in April 2025 for a tenure of five years to Qatar Energy Trading.

The said assessment year was reopened by the income-tax department in April 2023, Yes Bank said in a regulatory filing.

The reassessment order was passed by the National Faceless Assessment Unit of the income tax department on March 28, wherein no additional disallowances or additions were made; that is, the grounds on which the reassessment proceedings were initiated have been dropped, it said.

Union New and Renewable Energy Minister Pralhad Joshi and Gujarat Chief Minister Bhupendra Patel attended the inauguration event along with other senior government officials, Waaree Energies said in a statement.

"Bharat's largest solar cell manufacturing gigafactory inaugurated by Waaree Energies in Chikhli, Gujarat," the company said.

The memorandum of understanding (MoU) was signed by Punjab Energy Development Agency Neelima and CEO (HPRGE) Mohit Dhawan in the presence of Aman Arora, Minister of New and Renewable Energy Sources, Punjab, as per an official statement.

The vehicles are tailored to meet the diverse operational requirements of both the Indian Army and the Indian Air Force, showcasing the company's capability to deliver mission-ready vehicles designed to perform in demanding defence environments, the Pune-based automaker said in a statement.

Force Motors has been catering to the defence sector for many years through its Gurkha LSV (Light Strike Vehicle), a vehicle renowned for its durability, off-road prowess, and adaptability.

The board of Ambuja Cements has approved the "Appointment of Vinod Bahety as Additional Director and Whole-time Director and Chief Executive Officer of the Company for a term of three years", the company said in a regulatory filing.

Besides, Ambuja Cements, the second largest cement producer in the country, has also announced the appointment of Rakesh Tiwary as Chief Financial Officer of the company.

The Tuticorin-based bank inaugurated a branch in Rathinapuri, Coimbatore; two branches in P N Road and Peruntholuvu in the Tiruppur district; Ettayapuram in Tuticorin; Karimnagar in Telangana; and Ayodhya in Uttar Pradesh.

The decision was taken by the board at its meeting on Friday.

Sachdeva joins the consumer appliances company after an over three-decade stint with the Unilever group and was working as the chief executive and managing director of its Japan unit in his last assignment, as per an official statement.

Goldman Sachs, through its affiliate – Goldman Sachs (Singapore) – purchased 3.85 lakh shares of Bengaluru-based Hindustan Aeronautics Ltd (HAL), as per the block deal data on the BSE.

US-based Goldman Sachs also acquired 60.07 lakh scrips of online food delivery aggregator Zomato, the data showed.

The bonds with a 10-year maturity carry a coupon rate of 9.20% per annum, AU Small Finance Bank said in a statement.

The current capital raise is expected to increase the capital adequacy ratio of the bank by about 1%, it said.

The demand notice has been sent by the Assistant Commissioner of Income Tax, Maharashtra; ICICI Prudential Life Insurance said in a regulatory filing.

The demand notice was served on various counts, including shareholders' income taxed as income from other sources and certain marketing and advertising expenses considered as inadmissible expenses and hence disallowed, it said.

The acquisition is contingent upon execution of a Share Purchase Agreement (SPA) between the parties, satisfaction of customary conditions precedent to be set forth in the SPA, and regulatory approvals, it added.

The size of the flat is 17,384 sq ft, and the per square foot rate is Rs 1.15 lakh.

IndexTap.com, a data-driven home buying platform, has reviewed the registration documents. The apartment in Oberoi Realty's project 'Oberoi 360 West' was registered on March 27.

In a statement on Friday, Brigade said it has signed a Joint Development Agreement (JDA) for a new luxury residential project located on Bogadi Road, near proposed Outer Ring Road, Mysuru. The total land parcel is over 5 acres.

The proposed project will have a developable area of 4.5 lakh sq ft with a gross development value (GDV) of Rs 300 crore, it added.

TATA.ev has partnered with Mauritius’ leading automobile distributor Allied Motors to introduce models like Tiago.ev, Punch.ev, and Nexon.ev in the country.