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SpiceJet announced on Monday that its Founder and Promoter, Ajay Singh, through his Promoter Group Company, Spice Healthcare Private Limited, will invest an additional Rs 294.09 crore into the airline that will raise the group's shareholding in the private airline. This investment will come through the conversion of 13,14,08,514 warrants into an equivalent number of equity shares (13.14 crore equity shares). As a result, the consolidated shareholding of the Promoter Group in SpiceJet will increase from 29.11% to 33.47%.SpiceJet's shares soared following the news and was trading 6.4% higher at Rs 48.40 apiece on BSE wich was up 0.6% in early trade on Monday.“This fresh infusion reaffirms our unwavering commitment to the airline and its bright future. This investment will further strengthen our financial position and drive growth. SpiceJet has always been a resilient airline and with this fresh capital, we are well positioned to enhance our operations and seize new opportunities," said Singh.The proceeds from the sale of shares will be used to partially fund the remaining 75% of the amount required for the allotment of equity shares after the warrants are converted, said the airline.Meanwhile, a meeting of the Board or Board Committee of SpiceJet is scheduled to take place on or before March 18, 2025, to approve the allotment of equity shares resulting from the warrant conversion. This move, part of a larger financial restructuring, highlights the Promoter Group's ongoing commitment to SpiceJet's long-term growth and stability. By converting the warrants into equity, Singh aims to enhance the airline’s financial position and demonstrate confidence in its future prospects.

Tata Motors shares jumped 1.5% to an intraday high of Rs 665.50 on the BSE in early trade on Monday, March 17, after the company announced that its Board Committee will meet on March 19 to consider and approve the issuance of non-convertible debentures (NCDs) aggregating up to Rs 2,000 crore.“Pursuant to Regulations 29(1)(d) and 50(1)(d) of the Listing Regulations and in accordance with the approval granted by the Board of Directors of Tata Motors Limited (‘the Company’) at its meetings held on March 4, 2024, and May 10, 2024, we hereby wish to inform you that a meeting of the duly constituted Committee of the Board of Directors of the Company is scheduled to be held on Wednesday, March 19, 2025, inter alia, to consider and approve the issuance of Rated, Listed, Unsecured, Redeemable, Non-Convertible Debentures on a private placement basis aggregating up to Rs 2,000 crore,” the company said in a regulatory filing.The announcement signals Tata Motors' intent to raise fresh capital through debt markets, potentially for various business requirements.Non-Convertible Debentures (NCDs) are fixed-income instruments that provide structured returns to investors. As these NCDs are unsecured, meaning assets do not back them, market participants will evaluate the company's creditworthiness and debt servicing capability.Also read: Sliding market having a spree of bad share daysTata Motors share price historyOver the past year, Tata Motors' shares have declined 32.64%, marking a significant downturn. The year-to-date (YTD) loss is 12.53%, reinforcing the negative trend. In the last six months, the stock has dropped 33.94%, while the three-month decline is 17.10%. Over the past month, it has fallen 4.13%, indicating sustained short-term downward pressure.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

Technical charts suggest a short-covering rally in Nifty this week amid a decline in the dollar index and crude oil prices, according to analysts. The index is likely to move towards 22,900–23,100 zone in the short term. Stocks such as Bank of Baroda, NTPC, Kotak Bank, HDFC Bank, SRF, ABB, Siemens, BPCL, Ceat, Cipla, Navin Fluorine, and Sun Pharma are expected to retain their positive momentum, analysts said. JATIN GEDIATECHNICAL RESEARCH ANALYST, MIRAE ASSET SHAREKHANWhere is the Nifty headed? Nifty is all set for a short covering rally. The index on hourly-chart has formed a five-wave advance from the lows of 21,964 to the recent high of 22,677. Post the 700-point rally, the index has been consolidating and absorbing the selling pressure around the 50% Fibonacci retracement level (22,300). We expect the next set of fi ve wave advances to unfold during the week which could take Nifty towards 22,900– 23,100 zone. The outlook is bullish because the Nifty is not reacting adversely to the fall in the US markets and an unsystematic risk arising after a disclosure from a private bank in India. A fall in the dollar index, and continuous decline in crude price also auger well for emerging markets. What should investors do? Traders should actively look out for stocks showing relative outperformance over the last couple of weeks. Sectorally, CPSE, FMCG, metals, and pharma are looking positive from a short-term perspective. Bank of Baroda, NTPC, Ceat, Cipla, Coromandel International, EIH, MCX, MRPL, Navin Fluorine, Power Grid, and Sun Pharma are some of the stocks that have shown relative outperformance and are likely to witness continuation of positive momentum. 119093452PRITESH MEHTA EXECUTIVE VICE PRESIDENT – RESEARCH, YES SECURITIESWhere is the Nifty headed? Nifty struggled for direction yet showed resilience amidst ongoing weakness in US indices. Immediate support is seen around the midpoint of the current three-digit Gann channel (i.e., 22,150). Indian indices have witnessed a seasonal pattern—March tends to be the most opportune time to buy. After last week’s pause, we expect resumption for a potential move towards 22,900. What should investors do? With broader markets like Nifty Midcaps and Smallcaps 100 indices showing relative and absolute weakness, sticking with large-cap names would be ideal. The ratio of the Financials Services index vs Nifty on the pointand-fi gure (P&F) chart is witnessing anchor columns follow through, implying strength in fi nancials. Financials Services index rallied 0.7% the previous week, outpacing other key indices. Within the space, Chola Fin and Bajaj Finance are forming multiple bullish patterns, expecting a rally of 10% in next few weeks. Signs of relative strength are also seen in NTPC, BPCL, and BEL JATIN GEDIA, against Nifty.SACCHITANAND UTTEKAR VP-TECHNICAL & DERIVATIVES, TRADEBULLS SECURITIESWhere is the Nifty headed? While the broader market remains supportive, Nifty needs to establish a sustained close above 22,710 to confirm bullish momentum. Options data indicate a firm range between 22,200 and 22,700 for the week which could see an upward shift, implying a rally towards the major trend reversal confirmation breakout zone above 23,040– which would amplify buying signal and a sentiment shift. What should investors do? With infl ation cooling, both globally and locally, along with strong industrial growth and an upgraded GDP forecast, macroeconomic conditions favour a bullish market outlook. Investors should consider building aggressive long positions once Nifty sustains a close above 22,710–which would confi rm bullish momentum. Avoid a sell-on-rise strategy, as the market seems to be on the cusp of a turnaround. If a pullback occurs, it should be seen as a buying opportunity. Top picks for investors at this junction are Kotak Bank, HDFC Bank, SRF, ABB, Siemens, Indigo, Voltas, Varun Beverages, Escorts Hero Motocorp, Chambal Fertilisers, Home First Finance and Jio Financial Services.