Stocks to Watch Today on March 04 include major corporate announcements across telecom, defence, pharmaceuticals, infrastructure, and financial services. Developments such as leadership appointments at Reliance Jio Platforms, defence procurement contracts involving Hindustan Aeronautics, updates on export orders for Tata Motors and Mahindra & Mahindra, and operational performance data from Adani Ports are expected to remain part of the broader conversation in the share market today. Additional updates involving regulatory inspections, joint ventures, acquisitions, and institutional transactions also contribute to today's stocks to watch.
Share Market News – Highlights
- Leadership and Management Changes
- Defence Procurement and Aerospace Updates
- Corporate Investments and Strategic Transactions
- Export Order Clarifications
- Pharmaceutical and Healthcare Developments
- Regulatory and Compliance Updates
- Port and Logistics Operational Data
- Energy and Infrastructure Updates
- Bulk Deals and Institutional Activity
- Listings and Corporate Actions
Leadership and Management Changes
Several companies announced leadership transitions and management changes that could remain relevant among stocks to watch today.
Reliance Industries – Global Business Leadership Appointment
Jio Platforms, a subsidiary of Reliance Industries, announced the appointment of Dan Bailey as President responsible for leading international business initiatives. Based in London, he will report to Akash Ambani, Chairman of Reliance Jio Infocomm.
Bailey will also become part of the Executive Committee of Jio Platforms and contribute to broader strategic initiatives across the organisation. Prior to joining the company, he served as Chairman of Deutsche Bank’s telecommunications, media, and technology advisory practice.
Life Insurance Corporation – Finance Leadership Extension
Life Insurance Corporation of India extended the tenure of Chief Financial Officer Sunil Agarwal for another year until March 2027.
Affle 3i – Board Resignation
Affle 3i announced that Anuj Kumar will step down from his position as Non-Executive Director and from other executive and non-executive roles across subsidiaries effective April 16, 2026.
HDB Financial Services – Senior Executive Exit
Karthik Srinivasan, Chief Business Officer at HDB Financial Services, has resigned from his position effective March 31 as he plans to pursue other career opportunities.
State Bank of India – Senior Leadership Transition
Nitin Chugh, Deputy Managing Director and Head of Digital Banking & Transformation at State Bank of India, completed his contractual tenure on March 3 and has been relieved from service.
Defence Procurement and Aerospace Updates
Defence procurement activity remains a key factor influencing today's stocks to watch.
Hindustan Aeronautics – Helicopter Contract
The Ministry of Defence has signed a contract valued at ₹2,901 crore with Hindustan Aeronautics Limited for the acquisition of six Advanced Light Helicopters (ALH) Mk-III configured for maritime operations by the Indian Coast Guard.
The agreement includes the supply of operational equipment, engineering support, logistics support packages, and performance-based maintenance arrangements.
Surface-to-Air Missile Procurement
A separate defence procurement contract valued at ₹2,182 crore was signed with JSC Rosoboronexport of Russia for Shtil surface-to-air vertical launch missile systems for the Indian Navy.
Corporate Investments and Strategic Transactions
Multiple companies disclosed acquisitions, joint ventures, and strategic investments.
Dabur India – Minority Investment in Skincare Startup
Dabur India announced a ₹60 crore minority investment in RAS Beauty, a direct-to-consumer luxury skincare brand. The investment is part of the company's newly launched venture investment platform, Dabur Ventures.
JSW Cement – Mining Lease Bid
JSW Cement emerged as the preferred bidder for the Sikilangso Limestone Block in Assam. The mining area covers approximately 200 hectares for each part of the block.
Cipla – Biologics Joint Venture
Cipla entered into a 60:40 joint venture agreement with Kemwell Biopharma to establish a biologics development and manufacturing company in India.
The joint venture will focus on developing biologic medicines, applying for regulatory approvals, manufacturing biologics, and commercialising products in domestic and international markets.
Biocon – Investment in Subsidiary
Biocon acquired preference shares in its subsidiary Biocon Biosphere Limited at a total investment value of ₹115.34 crore.
The subsidiary operates manufacturing facilities producing active pharmaceutical ingredients and generic formulations.
Export Order Clarifications
Clarifications regarding international vehicle supply contracts from Tata Motors and Mahindra & Mahindra have drawn market attention.
Tata Motors – Indonesia Supply Agreement
Tata Motors clarified that recent media discussions in Indonesia relating to vehicle imports reflect policy discussions rather than any change to the existing supply programme.
The company stated that deliveries under its agreement with PT Tata Motors Distribusi Indonesia will continue according to previously agreed timelines.
Mahindra & Mahindra – Export Order Update
Mahindra & Mahindra confirmed it has received advance payments related to a previously announced order for 35,000 light commercial vehicles from Indonesia.
The company indicated that it has not received official communication regarding any suspension of the order.
Pharmaceutical and Healthcare Developments
Several healthcare companies released operational updates.
Natco Pharma – US Launch of Oncology Drug
Natco Pharma and its partner Breckenridge Pharmaceutical announced the launch of Pomalidomide Capsules in the United States.
The drug is a generic equivalent of Pomalyst and is prescribed for the treatment of multiple myeloma in adult patients. Industry data indicates annual sales of the reference product exceeded $3 billion in the US market.
Lupin – GST Inspection Concludes
Lupin confirmed that inspection and search proceedings conducted by the Maharashtra GST Department at its registered office concluded on March 2. The company stated that it provided all required documentation and that no adverse findings have been communicated.
Regulatory and Compliance Updates
Companies across several sectors reported regulatory inspections and compliance developments.
Greenply Industries – Tax Investigation Completed
Search and seizure proceedings conducted by the Income Tax Department at the company’s facilities and residences of certain executives concluded on March 2.
The company reported cooperating fully with authorities during the process.
Greenlam Industries – Tax Department Search
The Income Tax Department conducted search operations at the company’s registered office, subsidiary facilities and manufacturing units.
Greenlam stated that operations continued normally during the search proceedings.
Port and Logistics Operational Performance
Operational data from port infrastructure companies also forms part of stocks to watch today for intraday.
Adani Ports and SEZ – Cargo Handling Update
Adani Ports handled 42.5 million metric tonnes of cargo in February, reflecting 16 percent year-on-year growth. Container cargo volumes increased by 14 percent, while dry cargo volumes rose 15 percent.
Rail logistics volumes stood at over 52,000 TEUs during the month.
Energy and Infrastructure Updates
MRPL – Interim Dividend
Mangalore Refinery and Petrochemicals Limited approved an interim dividend of ₹4 per share for the financial year 2025-26.
Power Grid – Fundraising Proposal
Power Grid Corporation of India received regulatory relaxation from SEBI under specific listing obligations provisions. The board is scheduled to consider fundraising proposals in a meeting planned for March 9.
Capri Global Capital – Climate Transparency Initiative
Capri Loans partnered with the Partnership for Carbon Accounting Financials (PCAF) to measure financed emissions across its lending portfolio.
The initiative aims to strengthen climate reporting and transparency within the company’s sustainable finance framework.
Bulk Deals and Institutional Activity
Several companies recorded bulk transactions involving institutional investors.
Dev Information Technology
Xduce Technologies increased its stake in the company by purchasing over 51 lakh shares, while promoters simultaneously reduced their shareholding through open market transactions.
Clean Max Enviro Energy Solutions
Citigroup Global Markets Mauritius sold approximately 8.28 lakh shares in the renewable energy company through bulk deals.
Kiaasa Retail
Multiple investment entities acquired shares in the company through market transactions at disclosed prices.
Sical Logistics
Equity Intelligence India acquired rights shares in the logistics company, while certain shareholders sold part of their holdings.
Listings and Corporate Actions
Corporate actions across the broader market included new listings and dividend adjustments.
- PNGS Reva Diamond Jewellery debuted on the mainboard.
- Naperol Investments traded ex-dividend.
- Enbee Trade & Finance marked its rights issue ex-date.
- Sammaan Capital remained in the F&O ban list.
Market Context
The share market today continues to reflect a mix of domestic corporate developments and global macroeconomic influences. Leadership appointments, defence procurement contracts, export order clarifications, pharmaceutical launches and regulatory updates collectively shape the list of stocks to watch today.
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