Stocks to Watch Today: Adani Power, Dixon, Torrent | March 10

Stocks to Watch Today March 10 featuring NSE F&O inclusion of Adani Power, Dixon Technologies joint venture approval and Torrent Power NCD issuance

Stocks to Watch Today on March 10 include developments across capital markets, electronics manufacturing, renewable energy, infrastructure, hospitality, and financial services sectors. Major updates influencing the share market today include the National Stock Exchange announcing the addition of six companies to the futures and options segment, Dixon Technologies receiving regulatory approval for a display manufacturing joint venture, Torrent Power raising funds through non-convertible debentures, and Power Grid approving new financing and international infrastructure initiatives. Institutional transactions and corporate announcements across several industries also contribute to today's stocks to watch.


Share Market News – Highlights


NSE Expands Derivatives Segment

One of the key developments among stocks to watch today is the announcement by the National Stock Exchange regarding the inclusion of six companies in the futures and options (F&O) segment.

The stocks that will be added to the derivatives trading segment effective April 1 include Adani Power, Cochin Shipyard, Hyundai Motor India, Motilal Oswal Financial Services, Nippon Life India Asset Management, and Vishal Mega Mart.

The exchange clarified that trading in derivative contracts for these securities will commence subject to eligibility conditions under the sigma computation cycle for the March 2026 quarter, in accordance with regulatory norms set by the Securities and Exchange Board of India.

The inclusion of additional securities in the derivatives segment reflects the exchange’s periodic review of market liquidity and trading activity across listed companies.

Electronics Manufacturing and Joint Ventures

Developments in India’s electronics manufacturing ecosystem are also part of today's stocks to watch.

Dixon Technologies – Display Manufacturing Joint Venture

Dixon Technologies received approval from the Ministry of Electronics and Information Technology for a proposed investment by HKC Overseas, an affiliate of HKC Corporation, in its subsidiary Dixon Display Technologies.

Following the transaction, Dixon Display Technologies will operate as a joint venture entity, with Dixon retaining a 74 percent stake and HKC Overseas holding the remaining 26 percent.

The investment aims to support the expansion of display manufacturing capabilities within India’s electronics supply chain.

Minda Corporation – Electric Mobility Collaboration

Minda Corporation’s subsidiary Spark Minda Green Mobility Systems entered into a joint venture agreement with UK-based Turntide Drives to develop next-generation motor controllers, axial flux motors, and thermal management pumps designed primarily for electric vehicle applications.

The new venture will be established in India with shareholding structured at 49 percent for Turntide Drives and 51 percent for Spark Minda.

Energy Sector Financing and Infrastructure Investments

Energy infrastructure investments and financing activities remain key elements influencing stocks to watch today for intraday.

Power Grid Corporation – Fundraising and International Expansion

Power Grid Corporation’s board approved raising up to ₹5,000 crore through unsecured rupee term loans or bank credit facilities from Union Bank of India.

The company also approved an investment of ₹234 crore for establishing an operational technology security operations centre designed to enhance cybersecurity monitoring across its substations.

Additionally, Power Grid granted in-principle approval to divest its equity stake in Central Transmission Utility of India Limited to Grid Controller of India.

The company also signed a framework agreement with Africa50 and Uganda Development Bank to develop a power transmission project in Uganda under the Independent Power Transmission model.

Torrent Power – NCD Issuance

Torrent Power raised ₹2,000 crore through the issuance of secured, listed, redeemable non-convertible debentures on a private placement basis.

The Series 14 debentures carry an annual coupon rate of 7.97 percent and are structured across three maturity tenures of eight, nine, and ten years.

Insurance and Financial Services Updates

Insurance sector performance disclosures also feature among today's stocks to watch.

Bajaj Finserv – Insurance Premium Update

Bajaj Finserv reported monthly premium collections for its insurance subsidiaries. Bajaj Allianz General Insurance recorded gross direct premium underwritten of approximately ₹1,094 crore during February.

Bajaj Allianz Life Insurance reported total premium collections of approximately ₹1,281 crore during the same period.

For the financial year to date through February, Bajaj Allianz General Insurance reported gross premiums exceeding ₹21,700 crore.

Renewable Energy Manufacturing Expansion

Renewable energy manufacturing capacity expansion also contributes to the list of stocks to watch out today.

Solex Energy – Solar Manufacturing Capacity Approval

Solex Energy received approval for capacity addition under the Approved List of Models and Manufacturers maintained by the Ministry of New and Renewable Energy.

The company’s solar module manufacturing facility located in Surat has been listed with an annual manufacturing capacity of approximately 3.78 gigawatts.

The approval reflects ongoing efforts to expand domestic solar manufacturing capabilities within India.

Hospitality and Real Estate Developments

Hospitality sector expansion and property transactions also appear among the broader list of stocks to watch today.

Lemon Tree Hotels – New Hotel Development

Lemon Tree Hotels signed a licensing agreement for a new 76-room hotel property in Gorakhpur, Uttar Pradesh.

The property will be operated by the company’s subsidiary Carnation Hotels.

Arvind SmartSpaces – Share Transaction

Shares of Arvind SmartSpaces were involved in a block deal transaction in which HDFC Capital Affordable Real Estate Fund reduced its stake.

Pirojsha Adi Godrej, Executive Chairman of Godrej Properties, acquired approximately 8.17 lakh shares representing about 1.78 percent of the company’s equity.

Digital Infrastructure Initiatives

Digital connectivity initiatives also remain part of the broader stocks to watch today narrative.

Hinduja Global Solutions – Broadband Expansion Programme

OneOTT Intertainment, the broadband services division of Hinduja Global Solutions, signed a memorandum of understanding with the Uttar Pradesh State Transformation Commission to expand digital connectivity across the state.

The initiative, known as Project GANGA, aims to connect more than two million households over the next few years by expanding wired broadband infrastructure.

The programme also plans to develop thousands of local entrepreneurs who will provide digital services at the Nyaya Panchayat level.

Bulk and Block Deals

Institutional share transactions also generated notable market disclosures.

Anthem Biosciences

Viridity Tone LLP, an investment entity associated with private equity firm True North, sold approximately 3.6 percent stake in Anthem Biosciences through a block transaction.

Institutional investors including HDFC Mutual Fund and SBI Mutual Fund acquired portions of the shares sold during the transaction.

Arvind SmartSpaces

A block deal involving HDFC Capital Affordable Real Estate Fund and Pirojsha Adi Godrej resulted in a transfer of approximately 1.78 percent equity stake in the company.

Corporate Actions and Market Activity

Other market activity and corporate actions also feature among today's stocks to watch.

  • Macfos traded ex-bonus.
  • SAIL remained in the F&O ban list.
  • Sammaan Capital continued under derivatives ban restrictions.

Market Context

The share market today reflects developments across sectors including capital markets infrastructure, renewable energy manufacturing, electronics supply chains, infrastructure financing, hospitality expansion, and digital connectivity initiatives.

Announcements related to derivative market expansion, corporate partnerships, infrastructure investments, institutional transactions, and fundraising activities collectively shape the list of stocks to watch today.

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