Stocks that will see action today: March 25, 2025

Garden Reach Shipbuilders & Engineers Ltd (GRSE) has signed a contract with Germany-based Carsten Rehder Schiffsmakler and Reederei GmbH & Co. KG for the construction and delivery of the seventh and eighth 7,500 DWT multi-purpose vessels (MPVs).

State-owned Punjab & Sind Bank on Monday fixed the floor price for raising funds through a QIP at ₹40.38 per share. The bank has proposed to raise ₹2,000 crore through a Qualified Institutional Placement (QIP). The board in its meeting approved and adopted the preliminary placement document dated March 24, 2025, together with the application form in connection with the issue, Punjab & Sind Bank said in a regulatory filing. The board also approved the floor price of the issue at ₹40.38 based on the pricing formula as prescribed by SEBI regulations, it added.

Hyundai Motors India has informed that it is investing ₹694 crore in a tooling centre to manufacture stamping tools and vehicle panels.

IL&FS Engineering Services has received a show cause notice from Indian Overseas Bank (IOB) for reviewing the classification of the company’s loan account as a suspicious fraud account. Facilities involved for Rs 123 crore, though irregularities have not been quantified by the lender, IL&FS Engineering said in a regulatory filing. This was first observed by Grant Thornton India in their forensic audit report and was duly reported to MCA for appropriate action, it said.

Infrastructure major Larsen & Toubro (L&T) on Monday said its wholly-owned arm LTEGL has entered into a pact with John Cockerill for exploring specific green power technologies. The Memorandum of Understanding (MoU) aims to identify and develop strategic collaboration opportunities in manufacturing, component supply and engineering solutions critical to the implementation and deployment of Concentrated Solar Power (CSP) and Thermal Energy Storage (TES) projects.

HCL Technologies has partnered with Western Union to modernise financial services using AI and cloud solutions. The deal makes HCLTech Western Union’s largest preferred partner, strengthening its position in the fintech space.

Online travel aggregator (OTA) Ease My Trip plans to foray into the charter aviation sector with the acquisition of a 49 per cent stake in Big Charter Pvt Ltd. In an exchange filing, EaseMyTrip said it has received in-principle approval from its board for the stake acquisition in the charter aviation company. The deal will be subject to a final nod from the company’s board and shareholders.