On March 5, the benchmark indices surged into positive territory, backed by gains from the broader market, IT, and automobile sectors. The rally followed reports of easing global trade tensions, with the S&P BSE SENSEX advancing by 808.62 points or 1.11%, and the NSE NIFTY50 rising by 274.75 points or 1.24% by 12:10 PM. Below are some of the key stocks making significant moves today:
Coforge: The midcap IT services firm saw its shares jump by 11% to ₹8,006 after announcing the sub-division of its shares (1:5 ratio). The company also secured a 13-year partnership with Sabre Corporation and revealed its acquisition of Rythmos Inc.
Adani Ports: The shares of Adani Ports rose 4% after reporting a 3% YoY increase in cargo volume for February 2025, amounting to 35.6 million metric tons (MMT). This strong performance added to its role as a major contributor to the NIFTY50 during morning trade.
Adani Wilmar: Shares of FMCG company Adani Wilmar climbed by 5.86% after announcing its acquisition of GD Foods Manufacturing (India) Pvt Ltd. The deal brings popular food products like Tops brand ketchup and sauces under its fold.
M&M: Mahindra and Mahindra shares saw a jump of almost 5% after UBS upgraded the company’s ratings. UBS anticipates growth despite economic slowdown concerns, driven by SUV demand and upcoming EV launches. The company’s February sales also rose 15% YoY.
SpiceJet: Shares of low-cost carrier SpiceJet rose 5.29% after Plutus Wealth Management acquired 9 million shares at ₹46 each in a bulk deal.
Jio Financial Services: Shares surged by 5.33% after the company announced its plan to acquire State Bank of India’s entire stake in Jio Payments Bank for ₹104.54 crore. The firm already holds an 82.17% stake in Jio Payments Bank.
BSE: India’s oldest stock exchange saw a significant drop of nearly 8% after the National Stock Exchange (NSE) announced changes to the expiry dates for its futures and options contracts, moving them from Thursday to Monday.
Avanti Feeds: The stock surged by 9.7%, hitting a 52-week high, after Thai Union Group divested a 4.4% stake in the company for ₹435 crore through an open market transaction.
Power Grid: Shares of Power Grid Corporation of India gained 4.31% after it secured three projects related to interstate power transmission systems under the Build, Own, Operate, and Transfer (BOOT) model.
JSW Energy: JSW Energy shares rose by 3.73% after receiving approval from the Competition Commission of India (CCI) for its acquisition of KSK Mahanadi Power and raising ₹1,200 crore through non-convertible debentures.
ITDC: Shares of India Tourism Development Corporation (ITDC) surged by 15.6% amid market speculation over asset monetisation plans for the Ashok Hotel, with shares reaching ₹589.
The market’s optimism, especially from sectors like IT and infrastructure, is a response to easing trade tensions and strong corporate performance, with several stocks seeing notable gains.
