Indian Equities: Key Stocks to Monitor on 17 March

Stock Market Update for March 16, 2026

Results Today

• Clean Max Enviro Energy Solutions and Binny will release their quarterly earnings today.

Stocks to Watch

Read also: Expert Portfolio Manager Raja Venkatraman Names Top Investment Picks for June 4

Reliance Industries

• The company has entered into a binding 15-year Supply and Purchase Agreement (SPA) with Samsung C&T Corporation, South Korea, for the supply of green ammonia, valued at over US$3 billion.
• The agreement is one of the largest binding long-term green ammonia off-take agreements globally.

Tata Motors

• The company has announced a price increase of up to 1.5% across its commercial vehicle range, effective April 1, 2026, to partially offset the impact of rising commodity prices and other input costs.

Read also: MarketSmith India's 4 June Stock Recommendations

Andhra Cements

• Promoter Sagar Cements will sell up to 66.76 lakh equity shares of Andhra Cements (equivalent to 7.24% of the total paid-up equity) on March 17-18.
• The floor price for the offer will be Rs 52 per equity share.

Sun Pharmaceutical Industries

• The company has announced that the US Food and Drug Administration (FDA) has accepted for review the supplemental Biologics License Application (sBLA) for ILUMYA for the treatment of adults with active psoriatic arthritis.
• The FDA regulatory action date for this sBLA is expected by October 29, 2026.

L&T Technology Services

• The company has announced its next-generation, AI-powered digital twin platform for lung navigation, surgical planning, and respiratory diagnostics.
• The platform combines LTTS' MedTech expertise with NVIDIA AI infrastructure to enable greater precision and enhanced outcomes.

Rail Vikas Nigam

• The company has received a Letter of Acceptance (LOA) from National Mineral Development Corporation (NMDC) for the refurbishment of the permanent way of NMDC sidings and mobile equipment tracks, including maintenance at Kirandul and Bacheli, Chhattisgarh.
• The order is worth Rs 95.27 crore.

Gujarat Mineral Development Corporation

• The company has entered into a Memorandum of Understanding (MoU) with NMDC to explore opportunities for collaboration in the rare earth elements (REE) sector.
• The collaboration will focus on assessing the potential development of an integrated rare earth value chain in Gujarat, including exploration, mining, beneficiation, processing, and downstream applications.

Axiscades Technologies

• The Board has approved the acquisition of the balance 24% stake in Cades Studec Technologies India from STUDEC SAS France, along with the execution of definitive agreements in this regard.
• After the acquisition, Cades Studec Technologies India will become a wholly owned subsidiary of the company.

Power Mech Projects

• The company has received an order worth Rs 709.56 crore from Adani Infrastructure Management Services for operations and maintenance services, including overhauling at the 5x660MW thermal power plant at Tiroda, Maharashtra.

Redington

• The company's step-down subsidiary, Redington Gulf FZE, stated that its operations in the Gulf region are restricted due to ongoing geopolitical tensions.
• At this stage, it is not possible to reliably quantify the financial impact, as it will depend on the duration and intensity of the situation.

Zydus Lifesciences

• The company's subsidiary Sentynl Therapeutics Inc. in the US is entering into an agreement with PRG S&T, a Korean company specializing in the development of medicines for rare genetic diseases, to license its investigational molecule Progerinin (SLC-D011) for Hutchinson-Gilford Progeria Syndrome.

Quess Corp

• Lohit Bhatia has been appointed as a Whole-time Director, designated as the Executive Director and Group Chief Executive Officer of the company for a period of three years, liable to retire by rotation, effective June 1, 2026, subject to shareholder approval.

Cupid Breweries and Distilleries

• The company has executed an agreement with Bansal Udyog, further expanding its presence in West Bengal, which is one of the largest markets in India for the consumption of alco-beverage products.

Bajaj Electricals

• The company has announced the signing of a definitive agreement to acquire the intellectual property and brand rights of Morphy Richards in India and select South Asian markets for Rs 141.4 crore.

Adani Enterprises

• The National Company Law Tribunal (NCLT), Ahmedabad, has sanctioned the Composite Scheme of Arrangement among Adani Green Technology (AGTL), Adani Emerging Businesses (AEBPL), Adani Enterprises (AEL), Adani Tradecom (ATL), and Adani New Industries (ANIL).
• AGTL and AEBPL will be amalgamated into AEL.
• All equity shares issued by AGTL and held by ATL will stand cancelled and extinguished.

Alkyl Amines Chemicals

• The company is currently facing challenges in procuring ammoniacal solutions, which may impact its production and sales.