Indian stock markets are expected to track key corporate developments and macro cues on March 24. Several companies have announced updates across sectors including paints, power, infrastructure, banking, and exports. Below are the key stocks likely to remain in focus.
Asian Paints Announces Price Hike
Asian Paints has announced a price increase of 6–8% across its portfolio, effective April 10. The move is likely aimed at addressing input cost pressures and maintaining margins.
Tata Power Signs Mundra Plant Agreement
Tata Power has executed an agreement related to its Mundra plant with the Gujarat government. The company is also expected to sign power purchase agreements (PPAs) with other states going forward.
Auto, Tyre and Airline Stocks in Focus
Auto, tyre and airline companies may see movement after signals of geopolitical de-escalation from US President Donald Trump. Easing tensions have led to softer crude oil and metal prices, which could impact input costs for these sectors.
OMCs, CGD and Chemical Stocks React to Crude Movement
Oil marketing companies (OMCs), city gas distribution (CGD) firms, and chemical companies are expected to react as crude prices decline amid hopes of easing tensions. LPG transit via the Strait of Hormuz also remains a key factor influencing sentiment.
Export Stocks Gain from RoDTEP Restoration
Export-oriented companies may benefit after the government restored full RoDTEP (Remission of Duties and Taxes on Exported Products) benefits. The move is expected to reduce the tax burden on exporters.
HDFC Bank Reviews Board-Level Development
HDFC Bank has appointed external law firms to review the resignation letter of Atanu Chakraborty. The development may remain in focus for investors tracking governance-related updates.
Birla Corporation Expands Capacity
Birla Corporation has commissioned its third production line at Kundanganj with an investment of ₹300 crore, indicating capacity expansion in its cement operations.
GOCL Corporation Land Sale Proceeds
GOCL Corporation is set to receive ₹815 crore from the sale of land under a joint development agreement (JDA) to the Hinduja Group.
GR Infraprojects Wins NHAI Order
GR Infraprojects has secured a ₹2,440 crore project from the National Highways Authority of India (NHAI) in Bihar, strengthening its order book.
SEPC Approves Stake Acquisition
SEPC has approved the acquisition of a 90% stake in Avenir International for ₹1,530 crore, marking a significant expansion move.