March 27 Stock Watch: Bharat Forge, Wipro, HDFC Bank & more; BSE schedules board meeting on March 30

Investors should keep an eye on key stocks poised to make moves in the market on March 27. Companies such as Bharat Forge, Wipro, Bandhan Bank, BSE, Info Edge, HDFC Bank, TVS Motor, Vedanta, and MSTC have made notable announcements that could impact trading sentiment.

Bharat Forge

The Ministry of Defence has finalized contracts worth ₹6,900 crore with Bharat Forge Limited and Tata Advanced Systems Limited for procuring 155mm/52 calibre Advanced Towed Artillery Gun Systems (ATAGS) and 6x6 High Mobility Gun Towing Vehicles. These systems are designed to replace outdated artillery and improve India’s firepower with enhanced precision and range.

Wipro

The IT giant has secured a 10-year, $650-million (£500 million) contract with ReAssure UK Services Limited, a subsidiary of Phoenix Group, the UK’s largest long-term savings and retirement business. The deal, executed through Wipro and its 100% subsidiary, Wipro Financial Outsourcing Services Limited (WFOSL), aims to provide platform-based life and pension third-party administration services.

Bandhan Bank

The private lender has received an income tax demand notice of ₹119.38 crore for the assessment year 2023-24 (FY2022-23). The notice, issued under Sections 143(3) and 144B of the Income Tax Act, 1961, follows a scrutiny assessment by the Income Tax Department’s Faceless Assessment Unit.

BSE

The Bombay Stock Exchange (BSE) has scheduled a board meeting on March 30 to discuss a potential bonus share issuance. This would mark the second such instance since the company’s listing in 2017. The decision is expected to draw investor interest in BSE’s stock.

Info Edge

The parent company of Naukri.com has been hit with an income tax demand of ₹17.05 crore for assessment year 2023-24. The demand, received on March 25, stems from the disallowance of expenses related to its employee stock option plan (ESOP).

HDFC Bank

The Reserve Bank of India (RBI) has imposed a ₹75 lakh penalty on HDFC Bank for failing to comply with KYC (Know Your Customer) norms. The violations include deficiencies in customer risk categorization and the issuance of multiple Customer Identification Codes (CICs) instead of a Unique Customer Identification Code (UCIC). The penalty follows RBI’s statutory inspection for supervisory evaluation based on the bank’s financial position as of March 31, 2023.

TVS Motor

TVS Motor, through its wholly-owned Singapore subsidiary, has increased its stake in Swiss-based e-mobility solutions firm The GO Corporation (GOAG) by acquiring an additional 8.26% for nearly ₹4.85 crore. This transaction takes its total shareholding in GOAG to 100%, making it a fully owned subsidiary.

Vedanta

Vedanta has appointed Rajiv Kumar as the CEO of its aluminium business, effective March 26, 2025. His appointment was approved by the board based on recommendations from the Nomination and Remuneration Committee. Kumar will also hold the designation of Senior Management Personnel (SMP) at Vedanta.

MSTC

The government-owned e-commerce service provider has declared a third interim dividend of ₹4.50 per equity share (45% of the face value of ₹10) for FY2024-25. The board meeting on March 26 approved the dividend, with April 2025 set as the record date for shareholder eligibility under SEBI listing regulations.

Investors and traders will be closely monitoring these developments, which could drive market action on March 27.