10 Stocks To Lookout For As Of March 2024

1. Vedanta

Over the next three years, the business intends to pay off $3 billion in debt held by Vedanta Resources. For the fiscal year 2025, Vedanta Ltd.s pre-growth capex cash flow is expected to be USD 3.5–4 billion, which is sufficient to cover USD 1.5 billion in secured debt maturities.

2. LIC Housing Finance

In the upcoming fiscal year, the corporation plans to raise money through green bonds in order to finance environmentally friendly home developments. By the conclusion of the current fiscal year, LICHFL intends to reach the ₹5,000 crore net profit milestone thanks to growth in non-core business and strong loan demand, Adhikari continued.

3. Signature Global

On Sunday, the real estate company Signature Global declared that it has sold more than 1,000 units in its opulent Gurugram project, bringing in over ₹3,600 crore. The company revealed that for its most recent high-end home construction project, pre-launch sales had surpassed ₹3,600 crore.

4. Reliance Industries

Two people acquainted with the plans claim that the corporation, led by Mukesh Ambani, intends to pursue pumped storage projects (PSP) for hydroelectric power, with a particular emphasis on sustainable energy. According to those with knowledge, Reliance New Energy, the companys subsidiary, is aggressively looking for appropriate places for these projects.

5. Godrej Properties

Final arrangements have been reached by the real estate developer to build a township project in North Bengaluru. The project would use a profit-sharing concept and will take up 62 acres of land. It is anticipated to have a booking value of ₹5,000 crore and to offer 5.6 million square feet of saleable area.

6. Coal India

For the fiscal year 2023–2024, Coal India officials expressed confidence that they will meet their production target of 780 million tons. This claim is especially significant in view of recent media rumors indicating that the coal mining company would miss its goal by 10 million tons. The corporation plans to produce 838 million tonnes in the upcoming year, a 7.5% increase over the 2023–24 forecast.

7. SJVN

The 200 MW solar project was won by SJVN Green Energy, a subsidiary of the state-owned power production firm, in an e-Reverse Auction conducted by Gujarat Urja Vikas Nigam, the company stated on Sunday. The project is expected to cost ₹1,100 crore and will be developed on a build-own-and-operate basis. Through tariff-based competitive bidding for the development of solar projects, SJVN was able to secure the 200 MW capacity.

8. Lupin

In the upcoming year, the organization wants to grow its clientele by a factor of 10. This expansion is anticipated as the business expands into new areas and forms alliances with more hospitals. Lupin has successfully onboarded almost 5,000 paying patients for digital therapeutics in less than nine months, while over 2,000 patients are still enrolled in the trial.

9. Britannia Industries

The business is thinking about possible collaborative ventures to broaden its product line and enter high-margin markets including chocolate, fresh dairy, and salty snacks. According to Berry, Britannia, which is well-known for its Marie Gold and Good Day biscuit brands, has enlisted the help of international consulting company Bain & Co. to create a forceful go-to-market strategy based on data-driven methodologies.

10. Tata Motors, Tata Steel

The next generation of green fuel-powered commercial vehicles from Tata Motors has been unveiled. LNG and battery electric technologies are used in the portfolio, which also comprises Prima tractors, tippers, and the Ultra EV bus. These cars were given to the delivery partners of Tata Steel so they could move raw materials and steel products.