Stocks of IRCON, NMDC, IDBI Bank in focus Monday

Several companies will be highlighted in the stock market today, March 24, 2025. Notable firms include IRCON, NMDC, IDBI Bank, Adani Enterprises, and Apollo Hospitals. Last week, the domestic markets saw strong growth, with the Nifty 50 index achieving its largest weekly gain in over four years. This increase was fueled by a rise in foreign investment and hope that the recent market downturn has ended. In company news, Larsen & Toubro has appointed Subramanian Sarma as Deputy Managing Director and President, starting April 2. Godrej Properties has purchased a 10-acre site in Bengaluru for a residential project that is expected to generate revenues of Rs 2,500 crore. NCC has received a project worth Rs 1,480.34 crore from the Bihar Medical Services and Infrastructure Corporation. Meanwhile, Power Mech Projects has secured a Rs 579 crore contract from Bharat Heavy Electricals Limited for work on a power plant in Jharkhand. MSTC has secured a key contract from Coal India for e-auction services. IRCON International is involved in an arbitration claim over a railway project in Nepal, amounting to Rs 158.89 crore. NMDC has resumed full operations after resolving wage disputes. TVS Holdings announced an interim dividend of Rs 4.75 per share, indicating a strong financial position. IDBI Bank faces a penalty of Rs 36.3 lakh from the Reserve Bank of India for shortcomings in handling foreign remittances. Welspun Corp’s board has given the green light for voluntary delisting from the Calcutta Stock Exchange. In other updates, Dr. Reddy's Laboratories has sold its Louisiana manufacturing facility, while Max Healthcare has received approval to merge two of its subsidiaries. Lastly, Apollo Hospitals’ subsidiary, Apollo Healthco, will buy an additional 11.2% stake in Keimed Pvt Ltd for Rs 625.43 crore.