Stocks to Watch on March 26: NCC, IREDA, Welspun Ent, Federal Bank and More

Indian stock markets are expected to react to global cues, with a positive trend indicated by GIFT Nifty, which was up 9.5 points (0.4%) at 23,765.5 as of 7:40 AM.

Stocks in the Asia-Pacific region traded higher, tracking a late recovery in US markets. Japan’s Nikkei climbed 0.45%, while South Korea’s Kospi advanced 0.38%.

The S&P 500 and Nasdaq 100 rose by 0.16% and 0.46%, respectively, while the Dow Jones Industrial Average edged up by 0.01%. US stocks rebounded as concerns over new tariffs eased.

On Tuesday, the Nifty 50 added 10.3 points (0.40%) to close at 23,668.6, and the Sensex gained 32.8 points (0.04%) to settle at 78,017.19. This marks the strongest weekly rally since February 2021.

Here are key stocks to watch: 

NCC

NCC won two contracts worth ₹10,804.6 crore from BSNL for the BharatNet network project across Uttarakhand, Madhya Pradesh, and other regions.

Tata Steel

Tata Steel selected 3 contractors in South Wales for its £1.25 billion green steel project at Port Talbot, creating over 300 jobs.

IREDA

IREDA raised ₹910 crore through bond issuance to strengthen its capital reserves.

Welspun Enterprises

Welspun Enterprises subsidiary, Welspun Michigan Engineers Limited, won a ₹328.12 crore contract from Mumbai’s BMC for a stormwater pumping project.

ONGC

ONGC committed ₹3,300 crore to ONGC Green Limited and acquired a 100% stake in Ayana Renewable Power via ONGC NTPC Green Private Limited.

Federal Bank

Federal Bank entered an agreement to acquire a 4% stake in Ageas Federal Life Insurance for ₹97.44 crore.

IRFC

IRFC signed a ₹5,000 crore loan agreement with NTPC Renewable Energy to finance upcoming projects.

Other Stocks in Focus

Bharat Heavy Electricals, Jyothy Labs, Indegene, Aditya Birla Capital, Jindal Stainless, and Granules India could also see movement in today’s trading session.

Conclusion

With strong global trends and sectoral developments, key stocks may see action. Investors should track market movements closely.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.